Daesh claims responsibility for weekend bombing that killed 2 cops in Pakistan

Security personnel examine the site of a blast targeting police vehicle in Quetta on September 14, 2024. (AN photo)
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Updated 16 September 2024
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Daesh claims responsibility for weekend bombing that killed 2 cops in Pakistan

  • An explosion on Saturday targeted Pakistani police vehicle in Kuchlak town in southwestern Quetta city
  • Analysts say latest violence sign of increasing coordination between separatists, other militants in Pakistan

QUETTA, Pakistan: Militant group Daesh claimed responsibility for the weekend bombing that killed two police officials in restive southwestern Pakistan, officials said Monday.

Analysts say the latest violence is a sign of increasing coordination between militants and separatists who for years have been targeting security forces and civilians in the oil-and gas-rich Balochistan province bordering Iran and Afghanistan.

Daesh said in a statement on Sunday that it detonated an explosive device a day earlier targeting a Pakistani police vehicle in Kuchlak town near Quetta, the capital of Balochistan. Pakistani officials say the attack killed two officers and wounded two others on a highway.

The Balochistan Liberation Army has previously claimed such attacks, but Daesh has carried out similar attacks in recent months.

BLA last month killed dozens of people in gun and suicide attacks on passenger buses, police stations and military facilities.

Abdullah Khan, a senior defense analyst and managing director of the Islamabad-based Pakistan Institute for Conflict and Security Studies, told The Associated Press that the latest claim by Daesh indicates that BLA and militants are now working together on attacks in Balochistan and elsewhere in the northwest.

Balochistan is the scene of a long-running insurgency, with an array of separatist groups staging attacks mainly on security forces. The separatists demand independence from the central government.


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

Updated 49 min 22 sec ago
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Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.