Pakistani PM vows to continue ‘war against terrorism’ as five soldiers killed in IED blast 

A Pakistani soldier stands guard near the Line of Control, de facto border between India and Pakistan at Salohi village in Poonch district of Pakistan-administered Kashmir on April 26, 2021. (AFP/File)
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Updated 22 June 2024
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Pakistani PM vows to continue ‘war against terrorism’ as five soldiers killed in IED blast 

  • IED blast targeted vehicle carrying security forces in Kurram district in Pakistan’s Khyber Pakhtunkhwa
  • 65 police officials killed, 86 wounded in 237 incidents of terrorism in the province in the past five months

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday his government would continue its “war on terrorism” as five Pakistani soldiers were killed in an improvised explosive device (IED) blast in northwestern Pakistan.

The IED blast targeted a vehicle carrying security forces personnel in Kurram district in Pakistan’s Khyber Pakhtunkhwa (KP) province, the Pakistan army’s media wing said in a statement, amid a rise in terror attacks mostly by the Pakistani Taliban, known as Tehrik-e-Taliban Pakistan or TTP, an ally of the Afghan Taliban but a separate group, which has stepped up its assaults in the region since the Taliban seized power in Afghanistan in 2021. Pakistan says the TTP uses Afghan soil for attacks in Pakistan, a charge that Kabul denies. 

“The entire nation pays tribute to the martyrs and stands united against terrorism,” Sharif said after the latest attack, vowing to “continue the war against the menace till its complete elimination.”

Pakistan has witnessed a surge in militant attacks in recent years, predominantly in Khyber Pakhtunkhwa. In January 2023 militants killed at least 101 people, mostly police officers, when a suicide bomber disguised as a policeman attacked a mosque in the northwestern city of Peshawar.

Earlier this month, the counter-terrorism department (CTD) of police in Peshawar issued a report, saying 65 police officials were killed while another 86 were wounded in 237 incidents of terrorism in the province in the past five months. It said police had killed 117 militants and arrested 299 others in a series of operations.

Pakistani authorities often say Afghanistan’s Taliban rulers are giving shelter to TTP fighters across the unruly border. The Afghan Taliban government insists it doesn’t allow anyone to use Afghan soil for violence in any country. The TTP has also said it was not using Afghan soil for targeting troops in Pakistan.
 


Pakistan says in talks with UAE over $2 billion loan rollover

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Pakistan says in talks with UAE over $2 billion loan rollover

  • UAE’s $2 billion loan matured in January this year, with no announcement on its status from Pakistan’s central bank
  • Pakistan’s Finance Minister Muhammad Aurangzeb assures reporters there is “absolutely no issue” with UAE loan rollover

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb said on Wednesday that Islamabad was in talks with the UAE on rolling over its $2 billion loan, clarifying that there was no cause for concern over the matter. 

The UAE has rolled over deposits worth $2 billion with Pakistan’s central bank since 2023, helping the South Asian country shore up its foreign exchange reserves.

The loan first matured in January this year and again in February. However, Pakistan’s central bank has not made any announcement about its status. 

“We are directly in communication with them [UAE],” Aurangzeb told reporters in response to a question about whether the Gulf country had officially rolled over the loan or not. 

“There is absolutely no issue with the rollover. I want to be very categorical.”

Loan rollovers from China, Saudi Arabia and the UAE are crucial for Pakistan as its fragile economy has struggled for decades with boom-and-bust cycles. 

The UAE is Pakistan’s third-largest trading partner after China and the US, and a major source of foreign investment, valued at over $10 billion in the last 20 years, according to the UAE foreign ministry.

It is also home to more than a million Pakistani expatriates, making the country a major source of remittances for Pakistan.