At least 43 killed, 80 injured as suicide blast targets political rally in northwestern Pakistan

In this photo provided by Rescue 1122 Head Quarters, an ambulance carries injured people after a bomb explosion in the Bajur district of Khyber Pakhtunkhwa, Pakistan, Sunday, July 30, 2023. (Rescue 1122 Head Quarters via AP)
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Updated 30 July 2023
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At least 43 killed, 80 injured as suicide blast targets political rally in northwestern Pakistan

  • Khyber Pakhtunkhwa police confirms suicide bomber targeted rally
  • PM Sharif vows to hold culprits responsible for killing innocents

PESHAWAR: At least 43 people were killed while 80 others were injured on Sunday when a suicide blast targeted a political party’s rally in northwestern Pakistan, police and rescue officials confirmed, fearing a rise in the death toll.

The blast took place during a public rally organized by the right-wing Pakistani political party, the Jamiat Ulema-e-Islam (Fazl) in Bajaur’s Khar town, Bajaur Police spokesperson Muhammad Israr said.

“The initial investigation revealed that the blast was apparently a suicide attack,” Israr told Arab News.

Meanwhile, District Health Office Faisal Karim told Arab News 43 bodies have been received by various hospitals from the blast while 80 others had been reported wounded in the attack.

Some of the critically wounded were referred to the District Headquarters Hospital in Timergara while others were referred to Peshawar’s Lady Reading Hospital, Rescue 1122 spokesperson Bilal Faizi said.

Pakistan’s Prime Minister Shehbaz Sharif issued a strong condemnation of the blast, vowing to punish those found responsible for the attack.

“Attack on political parties makes it clear that the enemy is against the democratic system in Pakistan, which will not be allowed,” Sharif wrote on Twitter. “Those responsible will be identified and handed strict punishments.”

 JUI-F chief Maulana Fazlur Rehman urged expressed deep shock and regret over the attack.

“Maulana Fazlur Rehman demands the prime minister and Khyber Pakhtunkhwa chief minister hold an inquiry into the regretful incident,” a statement from the party said on Twitter.

The JUI-F urged the party’s supporters to remain calm in the wake of the attack and called on provincial and federal authorities to provide the best medical care to the injured.

President Dr. Arif Alvi also condemned the attack.

Former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party said Khyber Pakhtunkhwa “must not be allowed to bleed again.”

Khan also spoke out against the attack, saying that the rise in terror attacks across the province calls for an urgent need to “reconsider our priorities.”

“Those in power must shift their focus from political engineering to directing State’s efforts’ & resources toward countering terrorism,” he wrote on Twitter.

Tribal areas in northwestern Pakistan were long a stronghold of the Pakistani Taliban or Tehreek-e-Taliban Pakistan (TTP) militants who have carried out some of the deadliest attacks against the country’s security forces.

Militancy in the district declined following the Pakistan Army’s operations there, but with the return of the Afghan Taliban to power in neighboring Afghanistan in 2021, the South Asian country has seen an uptick in violence in border areas, particularly after a fragile truce between the TTP and the state broke down in November last year.

The suicide bombing took place hours before Chinese Vice Premier He Lifeng landed in Pakistan’s capital, Islamabad, where he will participate in an event to mark a decade of the China-Pakistan Economic Corridor, or CPEC, a sprawling package under which Beijing has invested billions of dollars in Pakistan.


Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’

Updated 22 February 2026
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Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’

  • Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves
  • Pakistan’s total external debt, liabilities stand at $138 billion at an overall average cost of around 4 percent, ministry says

KARACHI: Pakistan’s finance ministry on Sunday dismissed as “misleading” claims that the country is paying up to 8 percent interest on external loans, saying the overall average cost of external public debt is approximately 4 percent.

Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves, driven largely by a narrow tax base, chronic trade deficits, rising debt-servicing costs and repeated balance-of-payments pressures.

Over the decades, successive governments have turned to multilateral and bilateral lenders, including the International Monetary Fund, the World Bank and the Asian Development Bank, to support budgetary needs and shore up foreign exchange reserves.

The finance ministry on Sunday issued a clarification in response to a “recent press commentary” regarding the country’s external debt position and associated interest payments, and said the figures required contextual explanation to ensure accurate understanding of Pakistan’s external debt profile.

“Pakistan’s total external debt and liabilities currently stand at $138 billion. This figure, however, encompasses a broad range of obligations, including public and publicly guaranteed debt, debt of Public Sector Enterprises (both guaranteed and non-guaranteed), bank borrowings, private-sector external debt, and intercompany liabilities to direct investors. It is therefore important to distinguish this aggregate figure from External Public (Government) Debt, which amounts to approximately $92 billion,” it said.

“Of the total External Public Debt, nearly 75 percent comprises concessional and long-term financing obtained from multilateral institutions (excluding the IMF) and bilateral development partners. Only about 7 percent of this debt consists of commercial loans, while another 7 percent relates to long-term Eurobonds. In light of this composition, the claim that Pakistan is paying interest on external loans ‘up to 8 percent’ is misleading.

The overall average cost of External Public Debt is approximately 4 percent, reflecting the predominantly concessional nature of the borrowing portfolio.”

With respect to interest payments, public external debt interest outflows increased from $1.99 billion in Fiscal Year (FY) 2022 to $3.59 billion in FY2025, representing an increase of 80.4 percent, not 84 percent as reported. In absolute terms, interest payments rose by $1.60 billion over this period, not $1.67 billion, it said.

According to the State Bank of Pakistan’s records, Pakistan’s total debt servicing payments to specific creditors during the period under reference were as follows: the IMF received $1.50 billion, of which $580 million constituted interest; Naya Pakistan Certificates payments totaled $1.56 billion, including $94 million in interest; the Asian Development Bank received $1.54 billion, including $615 million in interest; the World Bank received $1.25 billion, including $419 million in interest; and external commercial loans amounted to nearly $3 billion, of which $327 million represented interest payments.

“While interest payments have increased in absolute terms, this rise cannot be attributed solely to an expansion in the debt stock,” the ministry said. “Although the overall debt stock has increased slightly since FY2022, the additional inflows have primarily originated from concessional multilateral sources and the IMF’s Extended Fund Facility (EFF) under the ongoing IMF-supported program.”

Pakistan secured a $7 billion IMF bailout in Sept. 2024 as part of Prime Minister Shehbaz Sharif’s efforts to stabilize the South Asian economy that narrowly averted a default in 2023. The government has since been making efforts to boost trade and bring in foreign investment to consolidate recovery.

“It is also important to note that the increase in interest payments reflects prevailing global interest rate dynamics. In response to the inflation surge of 2021–22, the US Federal Reserve raised the federal funds rate from 0.75-1.00 percent in May 2022 to 5.25–5.50 percent by July 2023. Although rates have since moderated to around 3.75 percent, they remain significantly higher than 2022 levels,” the finance ministry said.

“The government remains committed to prudent debt management, transparency, and the continued strengthening of Pakistan’s macroeconomic stability,” it added.