Pakistani police arrest 12 people over suicide bombing that killed 5 Chinese workers

Security personnel inspect the site of a suicide attack near Besham city in the Shangla district of Khyber Pakhtunkhwa province on March 26, 2024. (AFP/File)
Short Url
Updated 01 April 2024
Follow

Pakistani police arrest 12 people over suicide bombing that killed 5 Chinese workers

  • Last week’s suicide bombing in northwestern Pakistan killed five Chinese nationals
  • Some of the detainees had links with Pakistani militants, police and officials say

ISLAMABAD: Pakistani counterterrorism police in multiple raids arrested at least 12 suspects in connection with last week’s suicide bombing that killed five Chinese workers and their Pakistani driver in the volatile northwest, officials said Monday.

The detainees were not directly involved in the attack but they helped those who orchestrated Tuesday’s bombing targeting the Chinese, three police and security officials said. They said some of the detainees had links with Pakistani militants, adding that the suspects were still being questioned and other raids were ongoing.

The officials spoke on condition of anonymity because they were not authorized to speak to media on the record. The officials said some of the detained suspects transported an explosive-laden car to Shangla, a district in Khyber Pakhtunkhwa province, where a suicide bomber rammed it into another vehicle, killing the Chinese workers.

The latest development came hours after the bodies of the five Chinese nationals were flown overnight from a military air base in the garrison city of Rawalpindi to Beijing, Pakistani officials and state media said.

The Chinese ambassador, Jiang Zaidong, was present at the Noor Khan air base when the bodies were brought there Sunday night. Zaidong in remarks conveyed his deep condolences to the families of the victims of the attack.

A Pakistani Cabinet minister, Salik Hussain, accompanied the bodies to China.

The slain Chinese were traveling to Pakistan’s biggest hydropower project, Dasu Dam, where they worked, when their vehicle came under attack.

On Monday, Prime Minister Shehbaz Sharif was also visiting Dasu Dam to meet with Chinese engineers and workers. Pakistani officials will also brief Sharif on the project’s progress.

Chinese and Pakistani investigators are conducting separate probes into the attack, which drew nationwide condemnation. China has also asked Pakistan to ensure the protection of its nationals working in various parts of Pakistan on projects in the China-Pakistan Economic Corridor.

Authorities say the Chinese bombing victims were heading to the project site amid tight security.

Other Chinese working on CPEC-related projects have faced similar attacks in recent years.

In July 2021, at least 13 people, including nine Chinese nationals, were killed when a suicide bomber detonated explosives in his vehicle near a bus carrying Chinese and Pakistani engineers and laborers, prompting Chinese companies to temporarily suspend work.


Pakistan stock market crosses record 174,000 points during intraday trading

Updated 29 December 2025
Follow

Pakistan stock market crosses record 174,000 points during intraday trading

  • Pakistan Finance Adviser Khurram Schehzad says stock market’s equity investor base has increased by over 120,000 in last 18 months
  • Official says stock market’s record levels reflect growing investor confidence supported by continued macro stability and key reforms

ISLAMABAD: The Pakistan Stock Exchange (PSX) crossed a record 174,000 points on Monday, Finance Adviser Khurram Schehzad said, marking a strong start to the business week. 

According to the data available on the PSX’s official website, the KSE-100 benchmark reported 174,411.72 points during the intraday trading on Monday morning. 

“Another milestone for Pakistan’s equity market,” Schehzad wrote on social media platform X. “The KSE-100 Index has crossed 174,400 points, marking yet another record high.”

Pointing out the stock market’s achievements this year, Schehzad said the PSX has delivered 50 percent plus returns in US dollar terms to investors since January this year, “making it one of the best markets in Asia.”

He noted that investors’ participation in the PSX is rising fast, adding that the equity investor base has increased by over 120,000 to cross the 450,000 figure in the last 18 months, marking a 37 percent increase. 

“These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth,” he said. 

Pakistan’s stocks have surged in recent years, marking a strong performance this year as Islamabad moves to consolidate its financial recovery after years of economic turbulence, which saw it on the verge of a sovereign default in June 2023. 

Pakistan’s foreign exchange reserves have surged past the $21 billion mark, as per the central bank’s latest data. 

In recent years, the South Asian country has also implemented tough structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.