Five militants with suspected India links killed in Pakistan’s northwest — army

A Pakistan Army convoy patrols along a road in Peshawar on February 7, 2024. (AFP)
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Updated 16 June 2025
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Five militants with suspected India links killed in Pakistan’s northwest — army

  • Four militants killed in a raid in Peshawar district late on Sunday
  • Another was shot dead during separate operation in North Waziristan

ISLAMABAD: Pakistani security forces have killed five suspected militants in two separate intelligence-based operations in the country’s northwestern Khyber Pakhtunkhwa province, the military said on Monday, alleging the insurgents had links to India.

The Inter-Services Public Relations (ISPR), the army’s media wing, said four militants were killed in a raid in Peshawar district late Sunday, while another was shot dead during a separate operation in North Waziristan.

The army described the militants as being “Indian proxies.”

The military said troops “skillfully surrounded and effectively engaged the Indian-sponsored Khwarij location,” and after an “intense fire exchange, four Indian-sponsored Khwarij, including Kharji Haris and Kharji Baseer, were sent to hell.”

A search operation in North Waziristan led to the killing of another suspected militant, the statement added. Troops recovered weapons, ammunition and explosives at both sites.

Pakistan has long accused its neighbor India of backing separatist and other militants to destabilize its territory, a charge New Delhi strongly denies.

Militant violence has surged in the Khyber Pakhtunkhwa province since 2021, when a fragile ceasefire with the Pakistani Taliban collapsed. Attacks by separatists have also spiked in southwestern Balochistan. Islamabad claims that militants receive sanctuary and funding from foreign states like India, Afghanistan and Iran. All three deny the accusations. 

There was no immediate response from India’s foreign ministry to the latest allegations.


Pakistani asset management firm launches Shariah-compliant energy fund amid reforms

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Pakistani asset management firm launches Shariah-compliant energy fund amid reforms

  • Lucky Investments Limited says fund will invest across oil, gas, power and renewables
  • Product targets long-term investors as Pakistan’s energy sector reforms gain traction

KARACHI: A Pakistan-based asset management company on Thursday announced the launch of a Shariah-compliant energy equity fund, seeking to tap growing investor interest in the country’s energy sector as the administration in Islamabad pursues gradual reforms to boost supply, efficiency and sustainability.

Lucky Investments Limited’s initiative comes as Pakistan’s energy sector shows signs of renewed activity, driven by rising demand, policy initiatives and an increasing shift toward renewable sources, even as the country continues to grapple with high costs and supply constraints.

Islamic finance has also expanded steadily in Pakistan, creating demand for sector-focused investment products that comply with religious principles.

The Lucky Islamic Energy Fund (LIEF) will invest primarily in Shariah-compliant, listed energy companies across oil and gas exploration and production, refining, power generation and renewable energy, the company said, with the aim of long-term capital growth.

“The energy sector remains central to Pakistan’s economic revival and long-term sustainability,” Mohammad Shoaib, chief executive officer of Lucky Investments Limited, said, adding the fund would give investors a Shariah-compliant way to participate in the sector while aligning investments with faith-based values.

The open-end fund is benchmarked against the KMI-30 Index, which tracks the 30 largest Shariah-compliant companies listed on the Pakistan Stock Exchange, and is classified as high-risk, making it suitable for investors with a long-term investment horizon.

The fund carries no minimum holding period or redemption penalty.

Lucky Investments said all investments would be overseen by a religious scholar serving as the firm’s Shariah adviser to ensure ongoing compliance with Islamic principles.

The asset manager said it currently manages more than Rs 130 billion ($460 million) in assets under management, positioning it among the fastest-growing asset management companies in the country in 2025.