ISLAMABAD: Pakistan on Wednesday voiced concern over the killing of civilians in Indian-administered Kashmir, after at least 26 people were gunned down by unidentified assailants at a tourist site in the region’s deadliest attack on non-combatants in decades.
The shooting occurred Tuesday afternoon in Pahalgam, a popular resort town in the Anantnag district, when armed men emerged from forest cover and opened fire on crowds of mostly domestic tourists.
Indian officials said the attack bore the hallmarks of an organized militant assault, though no group claimed responsibility for it. Survivors described a calculated and prolonged attack, with gunmen selectively targeting men and sparing women.
“We are concerned at the loss of tourists’ lives in an attack in Anantnag district of Indian Illegally Occupied Jammu and Kashmir,” the foreign office of Pakistan said in a statement.
“We extend our condolences to the near ones of the deceased and wish the injured a speedy recovery,” it added.
Indian Prime Minister Narendra Modi, who cut short a state visit to Saudi Arabia in response, called the attack a “heinous act” and pledged that the perpetrators would be brought to justice.
Such attacks have historically strained ties between India and Pakistan, two nuclear-armed rivals with a long-standing dispute over Kashmir. In 2019, a suicide bombing in Pulwama killed 40 Indian paramilitary personnel and triggered cross-border air strikes, pushing the neighbors to the brink of war.
New Delhi has repeatedly blamed Islamabad for backing militant groups operating in the region, an allegation Pakistan denies, insisting it supports only the political aspirations of Kashmiris.
On Wednesday, India’s army also reported killing two gunmen in a separate incident near the Line of Control, the de facto border separating the Pakistani and Indian sides of Kashmir, in Baramulla district, describing it as a foiled infiltration attempt.
Kashmir has been divided between India and Pakistan since 1947, with both countries claiming it in full. A violent separatist insurgency has simmered in the Indian-administered part since the late 1980s, although militant violence had declined in recent years.
Tuesday’s attack has also promoted global reaction, with US President Donald Trump and EU chief Ursula von der Leyen condemning the violence and pledging support for India in pursuing the assailants.
Pakistan says ‘concerned’ as gunmen kill 26 tourists in Indian-administered Kashmir
https://arab.news/4vp7x
Pakistan says ‘concerned’ as gunmen kill 26 tourists in Indian-administered Kashmir
- The incident happened in Pahalgam where unidentified assailants gunned down mostly domestic tourists
- Such attacks have historically strained ties between the two nuclear rivals, pushing them close to war
Pakistan’s transportation strike could cause economic losses of $1 billion, warn analysts
- Traders, textile mill owners say strike has cost $60 million per day in exports, port demurrages, detention charges
- Analysts warn 10-day strike could threaten economic stability by deepening inflation, widening current account deficit
KARACHI: Pakistan’s ongoing transportation strike has the potential to cause economic losses of up to $1 billion and threaten macroeconomic stability in the country, a leading economist warned this week.
Transport unions have been protesting against stricter enforcement of axle-load limits — legal caps on how much weight trucks can carry — as well as increases in toll taxes and what they describe as heavy-handed policing on highways and motorways.
The strike, which began on Dec. 8, is now in its tenth day. It has slowed the flow of goods between ports, industrial centers and markets, raising concerns over supply chains in an economy heavily reliant on road transport for domestic trade and exports. Trucking is the backbone of Pakistan’s logistics system, moving food, fuel, raw materials and manufactured goods.
“We are expecting a tremendous impact of the ongoing transportation strike,” Ahsan Mehanti, CEO of Arif Habib Commodities, told Arab News on Tuesday.
“I believe that the major impact could be to the tune of $1 billion. And the reason behind that is primarily Karachi being a business hub will be most impacted with the ongoing strike.”
While a section of the transporters, the All Pakistan Goods Transport Association (APGTA) called off the strike after successful talks with the Punjab government on Friday, the rest of the transporters have vowed to continue the disruption.
Manufacturers and exporters from the textile industry, which earns Pakistan the highest amount in exports, have estimated their daily losses at more than $60 million.
Kamran Arshad, chairman of the All Pakistan Textile Mills Association (APTMA), said these losses were on account of disruption to exports as well as demurrage and detention charges that affected traders are bound to pay at local ports.
“I have estimated disruption to as much as $60 million ($540 million for nine-day losses) worth of exports and demurrage and detention charges of up to $300 per container per day stuck at ports,” Arshad said.
Arshad lamented that the textile industry was facing a critical situation as raw materials and essential inputs were stuck at ports and not reaching factories. On the other hand, finished export consignments were also unable to reach ports, he said.
“Containers are stuck at mills, ports and depots and inventories are building up,” the APTMA chief said. “And backlogs are growing by the day.”
Pakistan Textile Exporters Association (PTEA) Patron-in-Chief Khurram Mukhtar calculated Pakistan’s monthly average textile exports at $1.5 billion.
“An eight-day transport shutdown alone has already caused approximately $400 million in export losses, with severe supply chain disruptions on top,” Mukhtar said.
’BIG HIT’ TO EXPORTS
Prime Minister Shehbaz Sharif has tasked his government to ensure sustained economic growth through an export-driven economy. However, Pakistan’s exports have shown far from promising results, falling by 15 percent to $2.4 billion in November, according to data by the Pakistan Bureau of Statistics (PBS).
From the July-November period of this fiscal year, the country’s exports declined by six percent to $12.8 billion, while imports surged by 13 percent to $28.3 billion. This widened the trade deficit by 37 percent to $15.5 billion.
Arshad said other than financial losses, the trade industry was suffering from “serious reputational damage” when it came to international buyers due to the strike’s disruptions.
“Missed delivery schedules result in cancelations and loss of future orders,” he told Arab News. “And once a buyer is lost, it is extremely difficult to regain their confidence.”
Rehan Hanif, president of the Karachi Chamber of Commerce and Industry (KCCI), agreed.
“Our exports are already in trouble forcing us to run after dollars, so the exports are going to take a big hit,” Hanif explained.
He urged the government to engage transporters and address their “genuine” demands immediately.
Information Minister Attaullah Tarar and Finance Adviser Khurram Schehzad did not respond to queries sent by Arab News till the filing of this report.
Hanif said the prolonged strike had created a huge backlog of cargos at local ports.
“They would have no space for more containers if this strike persisted for a couple of more days,” he said. “Pakistan’s daily losses from the strike are running in billions of rupees.”
POSSIBLE INFLATION SPIKE
However, Karachi Port Trust spokesperson Shariq Amin Farooqui rejected Hanif’s claims, saying that cargo “is coming and leaving” the country’s largest port smoothly.
Pakistan’s inflation rose by 6.1 percent in November and is expected to fall in the SBP’s target range of 5 to 7 percent this financial year, which is ending in June.
Pakistan’s current account balance reported a $112 million deficit in October from an $83 million surplus in September, according to the central bank.
Mehanti warned the strike could pose dangers to Pakistan’s hard-earned macroeconomic stability.
“Inflation will be higher, and the current account deficit will be higher due to challenging economic situation,” he said.
