Pakistan says won’t tolerate cross-border ‘terrorism,’ days after airstrikes on Afghanistan

Pakistan Prime Minister Shehbaz Sharif chairs the meeting of the federal cabinet in Islamabad on March 20, 2024. (Photo courtesy: Prime Minister's Office)
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Updated 20 March 2024
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Pakistan says won’t tolerate cross-border ‘terrorism,’ days after airstrikes on Afghanistan

  • Pakistan conducted airstrikes against alleged militant targets in Afghanistan earlier this week 
  • Sharif invites neighboring countries to formulate joint strategy to combat “terrorism” in region

ISLAMABAD: Prime Minister Shehbaz Sharif said on Wednesday that Pakistan will not tolerate “terrorism” from across the border, days after the South Asian country conducted airstrikes in neighboring Afghanistan to take out alleged militant targets.
Pakistan confirmed this week it had conducted airstrikes during the wee hours on Monday in the “border regions inside Afghanistan” to target militants of the Hafiz Gul Bahadur Group. Islamabad says militant outfits attack Pakistani security forces and civilians from sanctuaries in Afghanistan, a charge Kabul denies.
Afghanistan said eight people, including five women and three children, were killed in the airstrikes. The Taliban government said its border forces had fired on their Pakistani counterparts with heavy weapons in retaliation.
The operation, the sharpest escalation in already deteriorating ties between the neighbors, came after a suicide bomber rammed his explosive-laden truck into a military post in northwest Pakistan on Saturday, killing seven soldiers. The Pakistan Army, defense minister and president vowed retaliation in separate statements. 
“Terrorism that is taking place from across the border, we cannot tolerate it anymore,” Sharif told members of the cabinet in a meeting. “Pakistan’s borders are a red line against terrorism.”
Sharif clarified that Pakistan wants peaceful relations with its neighbors and to promote bilateral trade and business relations with them.
“But unfortunately if the neighboring country’s soil will be used for terrorism, then this is not acceptable,” he said.
Sharif urged neighboring countries to formulate a joint strategy with Pakistan to combat militancy, adding that it would help establish regional peace and eliminate poverty.
Militant attacks have risen sharply in Pakistan in recent months, many of them claimed by the Pakistani Taliban or the Tehreek-e-Taliban Pakistan (TTP). The TTP are a separate group but are allies of the Afghanistan Taliban, who seized power in Afghanistan in 2021 as the US and NATO troops were in the final stages of their pullout. The Taliban takeover in Afghanistan has emboldened TTP, Pakistan says, whose top leaders and fighters are hiding in Afghanistan. 
Pakistan’s Army on Monday said the recent wave of militancy in the country had the “full support and assistance” of Afghanistan.
“With the help of the Afghan Taliban and the supply of modern weapons, there has been an increase in the incidents of terrorism in Pakistan,” the army said in a statement.


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

Updated 01 January 2026
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Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.