Guard flees after shooting, injuring two Chinese nationals at Karachi factory – police

Police officers guard outside a factory where, according to police, two Chinese nationals were shot and injured, in Karachi, Pakistan on November 5, 2024. (REUTERS)
Short Url
Updated 05 November 2024
Follow

Guard flees after shooting, injuring two Chinese nationals at Karachi factory – police

  • Incident follows the killing of two Chinese nationals in a suicide blast in Karachi last month
  • Beijing has recently raised concerns about security threats to its nationals working in Pakistan

KARACHI: A security guard at a factory in the southern Pakistani city of Karachi shot and injured two Chinese nationals before fleeing on Tuesday, police said, in an incident likely to further strain recently fraying relations between Islamabad and longtime ally Beijing.

The guard, identified only as Sharif and belonging to a private security company, fled the scene, and police are conducting raids to arrest him.

China, breaking with tradition, has recently publicly spoken out against security threats to its workers and nationals living in Pakistan, where hundreds of them work on Beijing-funded projects linked to the over $60 billion China-Pakistan Economic Corridor (CPEC).

Last month, two Chinese nationals were killed in a suicide bombing near the international airport in Karachi. In March this year, a suicide bombing killed five Chinese engineers and a Pakistani driver in northwestern Pakistan as they headed to the Dasu Dam, the biggest hydropower project in the country. In 2022, three Chinese educators and their Pakistani driver were killed when an explosion ripped through a van at the University of Karachi. A blast on a bus killed 13 people in north Pakistan in 2021, including nine Chinese nationals.

The latest shooting took place at a factory in Karachi’s SITE industrial area, after which two injured Chinese citizens were rushed to Liaquat National Hospital.

Deputy Inspector General of Police South, Syed Asad Raza, said the factory guard opened fire at the Chinese nationals after an argument. He did not name the factory or what the argument was about.

“According to preliminary investigation, the guard opened fire after a heated argument with the Chinese nationals, leaving two Chinese citizens injured,” Raza told Arab News, adding the Chinese nationals were employed at a private textile mill.

He said both Chinese nationals were employed by the mill and had been brought to the factory under tight security from the Defence neighborhood of the city.

“Once inside the factory, their protection was the responsibility of the security company,” he said. “We have arrested four guards and their supervisor for negligence. The guard who shot the Chinese nationals has escaped.”

Raza said that according to preliminary investigation, the standard operating procedures for the security of foreign nationals had been violated. He added that there were no CCTV cameras at the place where the incident took place.

Meanwhile, the injured Chinese workers were taken to a nearby hospital.

“Two Chinese nationals have been brought to our hospital. Both are under treatment,” Dr. Amjad Rizvi, a spokesperson at the medical facility, told Arab News.

Sindh Home Minister Zia ul Haq Lanjar has directed the police to conduct a “thorough investigation,” his office said.

According to an official statement, the minister has also directed to carry out the audit of security companies providing protection to Chinese nationals and other foreigners.

“The physical and mental fitness tests of guards assigned to important duties like security should be done,” the statement quoted Lanjar as saying.

He added only trained and fully fit security guards should be employed by these companies.

Pakistan said in a joint statement last month it had agreed to increase security for Chinese citizens and projects in the South Asian nation, as Beijing called for urgent security measures following an escalation in militant threats in the country.

China has pumped billions of dollars into Pakistan over the years building infrastructure under the Belt and Road Initiative, while also running a strategic port and a major mine in the country.


Pakistan stocks hit another all-time high as optimism prevails over worker remittances

Updated 8 sec ago
Follow

Pakistan stocks hit another all-time high as optimism prevails over worker remittances

  • Pakistan recorded an inflow of $3.6 billion in Dec., with officials expecting remittances to exceed $40 billion this fiscal year
  • ENGROH, PPL, SAZEW, OGDC and PSO collectively added 661 points as the benchmark KSE-100 index rose by 860 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit a another all-time high as it crossed 188,000 points on Tuesday, amid hopes of strong remittance inflows and budget relief linked to the International Monetary Fund (IMF) talks.

Pakistan recorded an inflow of $3.6 billion in December, with Saudi Arabia emerging as the largest contributor. Pakistani officials expect remittances to exceed $40 billion this fiscal year.

On Tuesday, the benchmark KSE-100 index gained 860.09 points, or 0.46 percent, to close at 188,621.78 points, up from the previous close of 187,761.69 points, according to PSX data.

Ahsan Mehanti, chief executive officer of Arif Habib Commodities, told Arab News the market witnessed bullish activity amid speculation of the earnings season.

“FM (finance minister) expectations for $41 billion remittances in FY26, and expectations over renegotiation of IMF deal for relief in federal budget played a catalyst role in the record close at PSX,” he said.

Pakistan is currently navigating a long path to economic recovery under a $7 billion Extended Fund Facility (EFF) approved in Sept. 2024, which has seen Islamabad take several reforms, including privatization of loss-making state entities.

Meanwhile, Pakistani market research firm Topline Securities said in its daily review that the upward momentum at PSX was driven by buying from local mutual funds.

“Additionally, SAZEW [Sazgar Engineering Works Limited] notified that it will commence bookings for its CKD [Completely Knocked Down models] — ‘TANK-500 Hi4-T 4x4 2.0L Turbo AT PHEV and HEV’ — starting Monday, January 26, 2026,” Topline Securities Senior Equity Trader Naveed Nadeem said.

CKD means the cars are assembled locally from imported parts.

Engro Holdings Limited (ENGROH), Pakistan Petroleum Limited (PPL), SAZEW, Oil & Gas Development Company Limited (OGDC), and Pakistan State Oil (PSO) collectively added 661 points to the index, according to the research firm.

It said a total of 1,222 million shares were traded at a value of $227.86 million (Rs63.8 billion) on Tuesday, with Hascol Petroleum Limited topping the volume chart by trading 113 million shares.