3 dead in grenade attack on store selling Pakistan flags in southwestern Quetta city

The photo taken on August 12, 2024, shows a view of a market in Quetta city. (AN Photo)
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Updated 14 August 2024
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3 dead in grenade attack on store selling Pakistan flags in southwestern Quetta city

  • Separatist Balochistan Liberation Army takes responsibility for attack that also injured six people 
  • Balochistan has been the scene of a long-running insurgency launched by ethnic Baloch separatists

QUETTA: Suspected militants hurled hand grenades at a house and a store selling Pakistani national flags in the restive southwestern Balochistan province on Tuesday, killing three people and wounding six others ahead of Pakistan’s 77th independence day.

The separatist Balochistan Liberation Army group claimed responsibility for the attacks in the provincial capital of Quetta, days after the group asked shop owners not to sell the flags. It also warned people not to celebrate the holiday on Wednesday, marking the Aug. 14, 1947, date of Pakistan’s independence from British colonial rule.

Wasim Baig, a spokesperson at a government hospital, said the facility had received six injured people and three bodies following the attacks.

Pakistan’s army chief Gen. Asim Munir vowed to defeat militancy in a televised speech at an event that took place at a military academy in the country’s northeast on the eve of Independence Day.

Munir sought cooperation from neighboring Afghanistan against the Pakistani Taliban, a militant group that operates from Afghan soil and that has stepped up attacks across the border in the northwest.

The group also operates in southwestern Balochistan alongside the long-running insurgency in that region, which also shares a border with Afghanistan.

In the latest violence in the northwest, a group of militants killed four security forces in South Waziristan, a district in the northwestern Khyber Pakhtunkhwa province, the military said. In a statement, it said troops returned fire, killing six insurgents.


Pakistan cuts key rate by 50 bps to 10.5% in surprise move after holding for four meetings

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Pakistan cuts key rate by 50 bps to 10.5% in surprise move after holding for four meetings

  • An IMF staff report last week warned against premature easing, with analysts expecting SBP to hold the policy rate
  • Inflation remains within the bank’s target band, but analysts expect price pressures to rise later in the fiscal year

KARACHI: Pakistan’s central bank cut its key interest rate by 50 basis points to 10.5 percent on Monday, the bank said on its website, breaking a hold on the rate for four meetings in a move that surprised analysts and came despite IMF warnings to avoid premature easing.

All 12 analysts in a Reuters poll had expected the State Bank of Pakistan (SBP) to hold the policy rate at 11 percent.

Monday’s reduction takes the total easing since rates peaked at 22 percent to 1,150 basis points, after the SBP delivered 1,100 bps of cuts between June 2024 and May 2025 and then held the rate steady for four meetings before Monday’s move.

Inflation edged down to 6.1 percent in November from 6.2 percent in October, within the SBP’s 5 percent–7 percent target band, with analysts expecting it to rise again later in FY26 as base effects fade and food and transport prices stay volatile.

An IMF staff report last week warned against premature easing, calling for policy to remain data-dependent to anchor expectations and rebuild external buffers, even as Pakistan received a $1.2 billion disbursement under its loan program.