PESHAWAR: Almost a week after police protested against militant attacks in northwestern Khyber Pakhtunkhwa (KP) province, four security personnel were killed in a targeted attack and a gunbattle with armed factions in the region on Thursday, confirmed police officials.
The first incident occurred in Karak, a southern district of the province, where unidentified assailants on a motorbike gunned down an official of the paramilitary Levies Force, an ill-equipped outfit, earlier in the day.
“Unidentified gunmen shot dead the Levies Force official in the center of the district after he left his home for duty,” Shaukat Khan, a police spokesperson in Karak district, told Arab News over the phone.
He informed that a police contingent arrived at the crime scene to gather evidence and trace the killers.
In another incident, three security personnel lost their lives in an exchange of fire with militants in North Waziristan’s Boya village near the border with Afghanistan.
“We have information of an exchange of fire near Boya in which three security personnel lost their lives,” Murad Khan, an official deployed at the police control room in the area, told Arab News.
KP, which borders Afghanistan, has witnessed numerous attacks on police, security personnel and anti-polio vaccination teams in recent months, along with kidnappings of civil and military officials.
Only a week ago, police in the volatile district of Lakki Marwat called off their days-long protest, condemning a spike in militant attacks and targeted killings of police officials.
Last week, unidentified gunmen opened fire on police guards escorting a polio vaccination team, killing one of them.
The Pakistan Army has a heavy presence across the province, where it has been battling militants from Al Qaeda, the Pakistani Taliban and other groups for nearly two decades.
There have been protests in several districts of KP since July, when Pakistan’s cabinet announced a new military operation amid a surge in terror attacks across the country.
People in KP have rejected plans for an armed operation and demand that civilian agencies like the police and the counter-terrorism department be better equipped.
No group has claimed responsibility for the latest attacks so far, but officials in Islamabad say militants associated with the banned Tehreek-e-Taliban Pakistan (TTP) are primarily responsible for violence against the police and security personnel.
Islamabad has even blamed Kabul’s Afghan Taliban rulers for “facilitating” anti-Pakistan militants, a charge Kabul denies.
Four security personnel killed in two separate attacks in northwest Pakistan
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Four security personnel killed in two separate attacks in northwest Pakistan
- Khyber Pakhtunkhwa has witnessed attacks on police and security personnel, along with polio vaccination teams
- The two attacks took place in Karak and North Waziristan districts, close to Pakistan’s border with Afghanistan
Pakistan finance minister touts debt discipline, export focus at Davos panel
- Aurangzeb says debt must fund exports, not consumption, for sustainable growth
- He says Pakistan used fiscal buffers to respond to floods without external appeals
KARACHI: Pakistan’s Finance Minister Muhammad Aurangzeb said on Wednesday disciplined borrowing, export-led growth and careful debt management were central to stabilizing the country’s economy, as Islamabad looks to unlock new sources of growth amid rising global debt levels.
Speaking at a panel discussion on the sidelines of the World Economic Forum (WEF) in Davos, he said debt was not inherently harmful if used productively, but warned that emerging economies such as Pakistan could not afford to deploy borrowed funds for consumption.
“For countries like Pakistan, debt must be channeled into investments that generate exportable surplus,” Aurangzeb said, according to a statement circulated by the Finance Division. “It is not about the availability of debt or funding, but how wisely and effectively it is steered to create long-term economic value.”
Pakistan has been pursuing fiscal reforms as part of an International Monetary Fund-backed stabilization program, including cutting subsidies, broadening the tax base and restructuring state-owned enterprises, as the government seeks to restore macroeconomic stability and revive growth.
Aurangzeb said Pakistan had reduced its debt-to-GDP ratio to 70 percent from 75 percent, achieved a primary fiscal surplus and brought inflation down from a peak of 38 percent to single digits, allowing the central bank to cut its policy rate to 10.5 percent.
He also flagged ongoing debt-management reforms, including liability management operations and buybacks, and said Pakistan plans to enter China’s capital markets with its first Panda bond, structured as a green bond.
Addressing climate risks, Aurangzeb said building fiscal buffers had allowed Pakistan to respond to recent floods using domestic resources rather than international emergency appeals, underscoring the need for resilience in climate-vulnerable economies.
He added that public-private partnerships and capital markets were playing a growing role in financing development, citing a $3.6 billion syndicated financing for a major copper mining project expected to generate $2.8 billion in annual exports from 2028.
The finance minister is part of Pakistan’s delegation visiting Davos for the annual gathering of global leaders and investors.
The delegation is led by Prime Minister Shehbaz Sharif, who highlighted the country’s shift toward an export-driven growth model, with a focus on minerals, information technology, artificial intelligence and digital services, while speaking at a breakfast event on the sidelines of the forum.
