US says will work to ensure it can ‘better assist’ Pakistan’s counter-terrorism efforts

State Department spokesperson Matthew Miller during a press briefing at the Department of State, on October 2, 2023. (Photo courtesy: @StateDept/YouTube)
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Updated 03 October 2023
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US says will work to ensure it can ‘better assist’ Pakistan’s counter-terrorism efforts

  • Suicide bombings ripped through two mosques last week, killing over 60 people
  • Surge in militant attacks in recent months has cast shadow on election preparations

ISLAMABAD: The US State Department said on Monday Washington would continue to ensure it “better assists” Pakistan’s effort to counter militant attacks, days after suicide attacks ripped through two mosques last week, killing over 60 people.

Pakistan’s security situation has deteriorated since late last year when the Pakistani Taliban called off a tenuous truce with the government and vowed to launch more attacks. Pakistan says the Pakistani Taliban, or TTP, have become emboldened since the Afghan Taliban seized power in Afghanistan in August 2021 as US and NATO troops were in the final stages of their pullout from the country after 20 years of war. Authorities say TTP insurgents, who are allied but separate from the Afghan Taliban, have found sanctuaries and have even been living openly in Afghanistan since the Taliban takeover.

The Afghan government says it does not permit its soil to be used by armed groups against other nations. 

When questioned about why the US did not assist Pakistan by targeting TTP and Daesh hideouts in Afghanistan, State Department spokesperson Matthew Miller said the US cooperated with Pakistan in a range of multilateral fora on issues including terrorist designations and global strategies to defeat terror groups. 

“Earlier this year we held a high-level counterterrorism dialogue to discuss the shared terrorist threats facing our two countries and to work on strategies to cooperate in areas such as border security, terrorist financing,” Miller told reporters. 

“And we will continue to work with Pakistan to ensure that we can better assist Pakistan’s effort to counter all forms of violent extremism.”

A surge in militant attacks in Pakistan’s western provinces has cast a shadow on election preparations and public campaigning in the run-up to January’s national vote, but until now the attacks had mostly targeted security forces.

The Pakistani Taliban, responsible for some of the bloodiest attacks in Pakistan since the group’s formation in 2007, denied responsibility for Friday’s two blasts. No other group has claimed responsibility either.


Pakistan’s first non-life Shariah-compliant takaful operator says ‘historic’ IPO oversubscribed 21 times

Updated 22 January 2026
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Pakistan’s first non-life Shariah-compliant takaful operator says ‘historic’ IPO oversubscribed 21 times

  • Pak-Qatar General Takaful Limited offered 30 million shares to investors with ceiling price of Rs14 per share
  • Company says IPO proceeds will be used for investments in software, infrastructure, setting up new branches

ISLAMABAD: Pakistan’s first non-life Shariah-compliant takaful operator announced on Thursday that its initial public offering (IPO) was oversubscribed 21 times at the country’s stock exchange, saying the development reflected strong investor confidence in the Islamic insurance system. 

The Pak-Qatar General Takaful Limited said earlier this month it would issue 30 million shares with a floor price of Rs 10 and a ceiling price of Rs 14 per share. Institutional investors will receive 75 percent of the shares on offer, while the remaining 25 percent will be allocated to retail investors, it added. 

“Pak-Qatar General Takaful Limited’s (PQGTL) IPO book-building has concluded with a historic oversubscription of [21x] times, marking the first-ever IPO of a dedicated General Takaful company at PSX,” the company said in a statement. 

It said investors responded “strongly” as the strike price closed at Rs 14 per share, compared to the floor price of Rs 10. Total demand reached Rs 4.74 billion [$17 million].

The company said successful bidders will be provisionally allotted 22.5 million shares while the remaining 7.5 million shares will be offered to retail investors on Jan. 28-29. 

Shahid Ali Habib, CEO of Arif Habib Ltd., which was the lead manager for the IPO, said that country’s first-ever IPO of any dedicated general takaful company, has made a historic debut at PSX.

Habib said this reflects investor confidence in Pakistan’s fast-growing takaful sector and PQGTL’s strong market position.

The statement further said proceeds from the IPO will be utilized to fund strategic initiatives, such as investments in software and other intangible assets, hardware and infrastructure, marketing and brand development and human resource enhancement. 

Proceeds will also be used to establish new branches and transform existing ones to improve operational efficiency and customer experience, it added. 

Pak-Qatar General Takaful Limited is part of Pakistan’s pioneer Islamic financial services group and is backed by Qatar-based financial institutions.