Pakistan army says it lost 12 soldiers in militant attacks

A Pakistani soldier keeps vigil next to a newly fenced border fencing along with Afghan's Paktika province border in Angoor Adda in Pakistan's South Waziristan tribal agency on October 18, 2017. (AFP/File)
Updated 13 July 2023
Follow

Pakistan army says it lost 12 soldiers in militant attacks

  • Nine soldiers were killed when militants stormed a base in Zhob while three more died in Sui district
  • Seven enemy combatants also lost their lives in retaliatory fire by the armed forces in the two attacks

QUETTA: Pakistan’s army said on Wednesday it lost 12 soldiers in suspected militant attacks, including an assault on one of its bases.

Nine soldiers were killed at the base which the Islamist militants stormed into armed with guns, hand grenades and rockets, the army and security officials said.

In a separate incident, the army said three more soldiers died in an exchange of fire with heavily armed “terrorists” in Sui district in the province. Two enemy combatants also died in that exchange.

The army said all five militants who stormed the base in early hours were killed in retaliatory fire. Late at night, the army announced completion of an operation to clear the area district Zhob of southern Balochistan province.

Three security officials told Reuters that the militants first hurled grenades into a military mess at the base and then waged a gunbattle lasting several hours.

“Initial attempts by the terrorists to sneak into the facility was checked by soldiers on duty,” the army statement said, and “in the ensuing heavy exchange of fire, the terrorists were contained into a small area at the boundary” of the base.

A newly founded jihadist group called Tehreek-e-Jihad Pakistan (TJP) claimed responsibility for the assault, saying in a statement it would release pictures and videos of its fighters who took part.

Balochistan, a mineral-rich region that borders Afghanistan and Iran, has been troubled by a decades-old ethnic Baloch insurgency.

Islamist militants, who aim to overthrow the Pakistani government and install their own brand of strict Islamic law in the predominantly Muslim country of 220 million people, have also been active in Balochistan.

They have stepped up attacks since revoking a cease-fire agreement with the government in late 2022, including the bombing of a mosque in the northwestern city of Peshawar that killed more than 100 people in January.

The Pakistani government says militants have shifted operational bases to Afghanistan. Kabul’s Islamist Taliban government denies this.


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
Follow

Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.