Four Pakistani soldiers, five insurgents killed in coordinated attacks at military facility

Smoke rises following an explosion after a militant suicide squad allegedly attempted to storm an army cantonment that houses military residences and offices in Bannu on July 15, 2024. (AFP)
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Updated 16 July 2024
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Four Pakistani soldiers, five insurgents killed in coordinated attacks at military facility

  • Suicide bomber detonated explosives-laden vehicle and other insurgents opened fire near outer wall of Bannu Cantt
  • Most attacks in the region have been claimed by TTP which has stepped up assaults on security forces in recent months

PESHAWAR: A suicide bomber detonated his explosives-laden vehicle and other insurgents opened fire near the outer wall of a military facility in northwestern Pakistan early Monday, killing at least four soldiers and wounding dozens, including civilians, officials said.

There was no immediate comment from the military about the attack that happened in Bannu, a city in the Khyber Pakhtunkhwa province bordering Afghanistan.

However, four local security officials said all five attackers had been killed.

The officials spoke on the condition of anonymity as they were not authorized to speak to the media.

However, a local police official Tahir Khan said security forces quickly responded to the “coordinated attack” and foiled an attempt by the insurgents to enter the sprawling military facility in the city of Bannu which mainly houses offices of the military and homes of security forces.

He also said army helicopters and ground forces were still reaching the area to track more militants.

Pakistan has witnessed a surge in militant attacks, mostly in the northwest, in recent years.

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.

Most attacks in the region have been claimed by the Pakistani Taliban who have stepped up assaults on security forces across the country in recent months.

Pakistani Taliban — who are known as Tehrik-e-Taliban Pakistan or TTP — are a separate group but an ally of the Afghan Taliban. TTP has stepped up its attacks on security forces since the Afghan Taliban seized power in neighboring Afghanistan in 2021.


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
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Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.