Pakistan police claim foiling Muharram attack in Karachi by arresting suspected militant

Security personnel patrol a street during a procession on the eighth day of Ashura in the Islamic month of Muharram in Karachi on July 27, 2023. (AFP/File)
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Updated 10 July 2024
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Pakistan police claim foiling Muharram attack in Karachi by arresting suspected militant

  • Muhammad Shoaib, key Pakistani Taliban commander, was involved in multiple cases of murder, attacks on army, say police
  • CTD official says Shoaib planned to carry out suicide attack on Muharram procession in Karachi’s Orangi Town area 

KARACHI: Police in Pakistan’s southern Sindh province on Wednesday announced it had arrested a highly wanted militant who planned to target a Muharram procession with a suicide blast in Karachi, saying that the attack could have caused “large-scale destruction.” 

Muhammad Shoaib, an alleged commander of the Pakistani Taliban or Tehreek-e-Taliban Pakistan (TTP) group, was arrested by the Counter-Terrorism Department (CTD) of Sindh Police on Wednesday. 

The Khyber Pakhtunkhwa Police had placed a Rs2 million [$7182] bounty on Shoaib, who was arrested in Karachi’s Ittehad Town area following a shootout with police, a CTD Sindh official said during a news conference. 

“The arrested terrorist disclosed that he had to carry out a suicide attack during Muharram-ul-Haram with his accomplices in Orangi Town, Karachi,” deputy inspector-general of CTD, Asif Ejaz Shaikh, told reporters in Karachi. 

The attack, Shaikh added, could have posed a “risk of large-scale casualties and large-scale destruction in Karachi.”

He said the alleged TTP commander planned to meet his accomplices and relative Ishaq to plan the attack.

“Ishaq too was involved in serious offenses and was wanted for terrorism,” Shaikh disclosed. “Ishaq was supposed to arrive [in Karachi] and join forces with the suspect to carry out this terrorist plot.”

The official said Shoaib was also implicated in the 2021 kidnapping of 16 coal miners in KP.

“When their relatives refused to pay ransom, the workers were allegedly killed and buried in a mass grave,” Shaikh said. “The initial report of this incident was filed at CTD Kohat.”

He said Shoaib was also wanted in multiple cases of murder, kidnapping for ransom, attacks on the army, clashes with peace committees and bombings.

Shaikh said Shoaib’s son, Muaz, had previously been shot dead in an encounter with security forces.

Muharram marks the beginning of the new year in the Islamic lunar calendar during which Shia Muslims across Pakistan hold gatherings and organize religious processions to pay homage to Imam Hussain, the grandson of Prophet Muhammad (peace be upon him).

Hundreds of thousands take out processions across the country on Ashura, the 10th of Muharram, to mourn Hussain’s martyrdom centuries ago in Karbala, present-day Iraq. Militants in the past have stoked sectarian tensions in the country by attacking religious processions in Muharram. 

The government each year adopts heightened security measures to protect Muharram processions from militant attacks. 

In 2009, an Ashura procession was targeted in a bomb attack on Karachi’s busy M.A. Jinnah Road. At least 43 people were killed and 60 wounded in the attack that was claimed by the TTP. 

In response to a question, Shaikh said Shoaib was part of a large TTP network operating in Karachi, adding that the outfit also has sleeper cells in the port city.

When asked if the TTP was involved in a gun attack in Karachi on Sunday that killed a counterterrorism official, Shaikh said it was highly likely that the banned outfit was involved.

“There is a 90 percent likelihood that the TTP was involved in the killing of Deputy Superintendent of Police Ali Raza,” he said.

Raza, who was an official working in Sindh CTD’s investigation cell, was fatally attacked by unidentified assailants in the city. 


Pakistan says Panda bond launch to diversify funding, avoid overreliance on dollar

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Pakistan says Panda bond launch to diversify funding, avoid overreliance on dollar

  • Pakistan has said it plans to issue its first-ever yuan-denominated Panda bond in January 2026
  • Pakistan minister identifies agriculture, minerals, AI as key areas to attract Chinese investment

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb said on Tuesday that launching its first-ever Panda bond would allow Islamabad to diversify its external financing sources away from overreliance on the US dollar, the Finance Division said. 

Pakistan has said it aims to launch the Panda bond— a yuan-denominated bond issued in China’s domestic market— by January next year. This highlights Pakistan’s efforts to find alternatives to dollar-denominated borrowing as global financial conditions tighten and Islamabad looks to escape a prolonged macroeconomic crisis. 

Panda bonds are renminbi-denominated instruments sold to Chinese investors by foreign governments or companies, offering issuers access to China’s deep domestic capital markets while reducing exposure to foreign-exchange volatility.

“He said the [Panda bond] issuance would allow Pakistan to tap into the second-largest and second-deepest capital market in the world, helping diversify funding sources away from overreliance on the US dollar by complementing existing access to euro and sukuk markets,” the Finance Division said. 

Aurangzeb was speaking to the state-owned China Global Television Network (CGTN), the Finance Division said. 

The finance minister acknowledged Pakistan had “previously underutilized” the opportunity to take advantage of the Panda bond, expressing optimism about investor interest in the Chinese market.

He said Pakistan remains hopeful of launching the bond ahead of the Chinese New Year, calling it a “landmark development” in the country’s external financing strategy. 

In response to a question about Pakistan’s economic priorities, Aurangzeb identified agriculture, minerals and mining, artificial intelligence and digital economy as key areas where Islamabad could attract Chinese investment. 

“He emphasized that beyond capital flows, this phase of cooperation places strong emphasis on knowledge transfer and technical support,” the Finance Division said.