Seven militants killed as Pakistan army steps up operations amid militancy spike

Pakistan Army troops patrol along the fence on the Pakistan Afghanistan border at Big Ben hilltop post in Khyber district, Pakistan, on August 3, 2021. (AP/File)
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Updated 15 August 2024
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Seven militants killed as Pakistan army steps up operations amid militancy spike

  • Intelligence-based operation took place in Khyber Pakhtunkhwa’s Kurram district, says army
  • Pakistan Army says security forces determined to eliminate menace of “terrorism” from country 

ISLAMABAD: Security forces killed seven militants and wounded five during an intelligence-based operation in northwestern Pakistan, the army’s media wing said on Thursday, vowing that the military would wipe out “terrorism” from the South Asian country. 

Pakistan’s security forces have stepped up operations against militants in the country’s tribal districts bordering Afghanistan in the northwestern Khyber Pakhtunkhwa (KP) province in recent months.

The exchange of fire between security forces and the Tehreek-e-Taliban Pakistan (TTP) or Pakistani Taliban militants took place in KP’s Kurram district on Aug. 15, the Inter-Services Public Relations (ISPR) said. 

“On August 15, security forces conducted an intelligence-based operation in Kurram district on the reported presence of Khwarij,” the army’s media wing said, referring to the TTP for which it has recently started using the term “Fitna Al Khwarij.” 

“During the conduct of the operation, own troops effectively engaged the Khwarij’s location as a result of which seven Khwarij of Fitna Al Khwarij were sent to hell while five of them got injured.”

A large number of weapons, ammunition and explosives were recovered from the militants, the army said, highlighting that the slain “terrorists” were actively involved in militant activities against security forces and civilians. 

“A sanitization operation was being conducted to eliminate any other terrorists found in the area,” the army concluded.

The development takes place a day after the army said four soldiers and six militants were killed during a gunbattle in northwestern Pakistan earlier this week. The exchange of fire between security forces and TTP militants took place in the South Waziristan district of the KP province on the night of August 12. 

Pakistan has witnessed a surge in militant activities since the TTP unilaterally called off a fragile ceasefire with the government in November 2022.

Much of the TTP’s militant activity has been confined to the country’s western provinces, prompting security officials to launch intelligence-based operations against its fighters who are reportedly armed with sophisticated military equipment, including night vision devices.

The surge in attacks has also dealt a blow to Pakistan’s ties with Afghanistan, whom Islamabad accuses of providing sanctuary to militants. Kabu denies the allegations and says militant groups do not use Afghan soil to launch attacks against any country. 

Pakistan this year launched aerial strikes against what it said were militant groups in Afghanistan, drawing a sharp reaction from the Taliban government. Islamabad has warned Kabul it will carry out cross-border action against militants to protect its citizens. 


Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target

Updated 29 December 2025
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Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target

  • Finance Adviser Khurram Schehzad says this was the highest-ever Sukuk issuance in a single calendar year since 2008
  • Pakistan’s Federal Shariat Court ordered in 2022 the entire banking system to transition to Islamic principles by 2027

ISLAMABAD: Pakistan’s Finance Adviser Khurram Schehzad on Monday said the country achieved a landmark breakthrough in Islamic finance by issuing over Rs2 trillion ($7 billion) sukuk this year, bringing it closer to its 20 percent Shariah-compliant debt target by Fiscal Year 2027-28.

A sukuk is an Islamic financial certificate, similar to a bond, but it complies with Shariah law, which forbids interest. Pakistan’s Federal Shariat Court (FSC) had directed the government in April 2022 to eliminate interest and align the country’s entire banking system with Islamic principles by 2027.

Following the ruling, the government and the State Bank of Pakistan (SBP) have undertaken a series of measures, including legal reforms and the issuance of sukuk to replace interest-based treasury bills and investment bonds.

“In 2025, the Ministry of Finance (MoF) through its Debt Management Office, together with its Joint Financial Advisers (JFAs), successfully issued over PKR 2 trillion in Sukuk,” Schehzad said on X, describing it as “the highest-ever Sukuk issuance in a single calendar year since 2008 by Pakistan.”

Pakistan made a total of 61 issuances across one-, three-, five- and 10-year tenors, according to the finance adviser. The country also successfully launched its first Green Sukuk, a Shariah-compliant bond designed to fund environment-friendly projects.

He said the Green Sukuk was 5.4 times oversubscribed, indicating investor demand was more than five times higher than the amount the government planned to raise, which showed strong market confidence.

“The rising share of Islamic instruments in the government’s domestic securities portfolio (domestic debt) underscores strong momentum, growing from 12.6 percent in June 2025 to around 14.5 percent by December 2025, clearly positioning the MoF to achieve its 20 percent Shariah-compliant debt target by FY28,” Schehzad said.

“This milestone also reflects the structural deepening of Pakistan’s Islamic capital market, sustained investor confidence, and the strengthening of sovereign debt management.”

He said Pakistan was strengthening its government securities market by making it more resilient, diversified, and future-ready, supported by a stabilizing macroeconomic environment, a disciplined debt strategy, and a clear roadmap for Islamic finance.