Protesters in northwestern Pakistan demand judicial inquiry into Bannu rally shooting

Protesters run as gunfire broke out during a protest rally against the military operation in Pakistan, in Bannu, some 40 kilometres from Afghanistan, on July 19, 2024. (AFP)
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Updated 24 July 2024
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Protesters in northwestern Pakistan demand judicial inquiry into Bannu rally shooting

  • At least two were killed, 20 injured in northwestern Bannu city last week after gunfire triggered stampede at peace rally
  • Pakistan’s military spokesperson blamed “negative elements” in the march, accusing them of resorting to firing, pelting stones

PESHAWAR: The president of a 45-member committee leading a large sit-in protest in Pakistan’s northwestern Bannu on Wednesday called for a judicial inquiry to probe a shooting incident that killed at least two people in the city last week. 

Thousands took part in a rally in Bannu last Friday to protest the government’s announcement to launch a new military operation against militants in the country. Participants of the rally demanded peace and an end to militancy in the country, which has killed thousands of people in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province and displaced hundreds of thousands. 

Tensions flared when at least two persons were killed and more than 20 injured after gunfire triggered a stampede at the rally, prompting thousands to stage a sit-in protest that continues to date.

Local residents and some Pakistani politicians accused security forces of shooting at the rally. Pakistan’s military spokesperson earlier this week rejected the allegations at a press conference, saying that “some negative elements” had joined the march and resorted to firing, pelting stones and chanting anti-state slogans.

“We demand a clear and transparent judicial inquiry through the Peshawar High Court into this incident,” Nasir Khan Bangash, president of the 45-member Bannu Aman Jirga and a senior member of the Bannu Chamber of Commerce, told Arab News. 

He rejected the military spokesperson’s allegations that the government’s efforts to launch a new military operation, “Azm-e-Istehkam” or Resolve for Stability, was being politicized. Bangash said the rally’s main was to demand peace. 

“The protest wasn’t political. Apart from white flags, there were no other flags [of other political parties] in the peace march,” Bangash said.

He said protesters wanted police to be empowered to deal with miscreants in the province, adding that they would not accept any military operations in KP. 

Arab News reached out to the Inter-Services Public Relations (ISPR), the military’s media wing, for its reaction to Bangash’s statement but did not get a response till this report was filed. 

‘COMPREHENSIVE CAMPAIGN’

Past military operations have displaced hundreds of thousands of people and destroyed countless lives and livelihoods in Pakistan’s KP province, sparking a civil rights movement by ethnic Pashtuns.

The Pakistan army was able to effectively dismantle the Pakistani Taliban, or TTP, and kill most of its top leadership in a string of military operations from 2014 onwards in the country’s tribal areas, driving most of the fighters across the border into Afghanistan, where Islamabad says they have regrouped. Kabul denies this.

Islamabad says the new surge in violence is because Afghanistan’s Taliban rulers are not doing enough against militants using its soil to launch attacks on Pakistan. Kabul says rising violence in Pakistan is a domestic issue and it does not allow militants to operate on its soil.

Fears of more displacement have been raised after the government announced last month it would launch the Azm-e-Istehkam operation.

In his press conference this week, military spokesman Lt. Gen Ahmed Sharif Chaudhry clarified that the campaign was not meant to be a full-scale military operation.

“This is a comprehensive campaign against terrorism, which won’t just root out terrorism but which will lift up all of society,” he said.


Pakistan passes Virtual Assets Act 2026, empowers regulator to combat money laundering

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Pakistan passes Virtual Assets Act 2026, empowers regulator to combat money laundering

  • Legislation introduces licensing for virtual asset service providers, market surveillance mechanisms
  • Pakistan is one of the world’s top cryptocurrency markets, with millions actively using virtual assets

KARACHI: Pakistan’s parliament on Friday passed the Virtual Assets Act 2026, granting the Pakistan Virtual Assets Regulatory Authority (PVARA) powers to combat money laundering, militant financing and other illicit activities, the regulator said.

The legislation introduces regulatory provisions including mandatory licensing for virtual asset service providers, market surveillance mechanisms, anti-money laundering and counter-terrorism financing compliance, and coordination with Pakistani financial regulators including the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan.

Pakistan has in recent months stepped up efforts to draft rules for regulating the fast-expanding market for digital coins and tokens, requiring virtual asset service providers to secure government approval. Islamabad’s move to embrace digital currency marks a significant policy shift as it had banned cryptocurrency in 2018, citing financial risks.

“A year ago, Pakistan’s digital asset landscape was defined by uncertainty and grey areas. Today, we have the country’s first Act of Parliament establishing a regulatory body for virtual assets, building on the Presidential Ordinance introduced in 2025,” PVARA Chairman Bilal bin Saqib said in a post on X.

“With NOCs [no objection certificates] already issued and banking rails being developed in coordination with the State Bank of Pakistan, we are now moving toward a comprehensive licensing framework aligned with global AML [anti-money laundering] and financial integrity standards.”

Meanwhile, PVARA said the framework aims to boost transparency, protect investors, and ensure a stable, trustworthy virtual asset market while supporting responsible fintech innovation.

“The legislation also equips the Authority with powers to address money laundering, terrorist financing, and other illicit activities associated with virtual assets, bringing Pakistan’s regulatory approach in line with international standards,” it added.

Pakistan ranks among the world’s largest cryptocurrency markets by adoption, with millions of citizens actively engaged in virtual assets.

In February, Dr. Afnanullah Khan, a Pakistani senator from the ruling party, had said major crypto coins such as Bitcoin, Ethereum and XRP will soon be traded in Pakistan through crypto exchanges.

Pakistan earlier launched a “regulatory sandbox” for firms to trial crypto services under PVARA’s supervision before full approval.

In January, Pakistan signed a memorandum of understanding with a World Liberty Financial-linked firm, tied to US President Donald Trump’s family, to explore a dollar-backed stablecoin for cross-border payments.