Two killed in attack on private company’s vehicles in northwest Pakistan — police

An ambulance is parked at the attack site in which two people were killed and 11 injured when militants attacked vehicles carrying the employees of a Pakistani conglomerate in Dera Ismail Khan, Pakistan, on November 13, 2023. (Photo courtesy: Rescue 1122)
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Updated 13 November 2023
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Two killed in attack on private company’s vehicles in northwest Pakistan — police

  • Police say ‘militants’ fired rockets at three vehicles transporting employees of Al-Haj Group
  • A surge in militant attacks in Pakistan in recent months has mostly targeted security officials

PESHAWAR: Police said on Monday militants had fired rockets at three vehicles ferrying employees of a Pakistani conglomerate, killing two people and injuring 11 on the outskirts of the northwestern Dera Ismail Khan district.

This is the second attack in six days targeting Al-Haj Group, an emerging Pakistani conglomerate with an operational footprint spanning from oil and gas exploration to textiles, metals, automobile manufacturing and supply chain and procurement. In the last attack on the company last Tuesday, two policemen were killed and three were injured in a pre-dawn assault on the conglomerate’s offices in Dera Ismail Khan district. Police said the attack was carried out by “terrorists” but it was unclear why a private Pakistani company is being targeted by militants.

Al-Haj group did not respond to requests for comment.

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

Hidayat Khan, a district police official in Dera Ismail Khan, said militants fired rockets at three vehicles of the Al-Haj Group near Kot Falak village in Darazinda town on Monday morning. One of the three vehicles was hit, he said. The conglomerate’s facility is located at a distance of 12 kilometers from the mountainous area of Darazinda.

“Militants started firing rockets when three vehicles of the company were coming to fetch water near Kot Falak, a village near Darazinda,” Khan told Arab News. “One employee of the company died on the spot while another died of injuries at a hospital.”

Khan said 11 employees injured in the attack were being treated at different hospitals in Dera Ismail Khan. He said Darazinda is close to Kulachi, a rundown village in Dera Ismail Khan, where militants often stage attacks on police checkposts and police stations.

“Two of the injured, who were in critical condition, have been shifted to the District Headquarters Hospital for treatment,” said Aizaz Mehmood Dotani, a district spokesperson of the Rescue 1122 service. He said Faisal Khattak, the driver of the vehicle, was immediately killed.

This is the sixth attack to take place in Dera Ismail Khan in the last two weeks. On Nov. 5, heavily armed gunmen attacked police checkpoints in the district, injuring one policeman. On Nov. 3, seven people, including a security personnel, were killed while 23 others were injured in two separate attacks in the district.

Pakistani officials have frequently said militants targeting their country operate from neighboring Afghanistan. The Taliban administration rejects accusations it harbors militants.

Last week, in an unusually strongly-worded press conference, Pakistani Prime Minister Anwaar-ul-Haq Kakar demanded the Afghan Taliban hand over Pakistani militants belonging to the TTP group and dismantle their training centers and hideouts in Afghanistan.

Since the Taliban takeover of Kabul, “unfortunately there has been a 60 percent increase in terrorist attacks and a 500 percent rise in suicide attacks in Pakistan,” Kakar said, expressing regret over the lack of a “positive response” from the Taliban administration.


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.