Karachi police detain four fishermen accused of spying for India’s RAW

Senior Superintendent of Police (SSP) with Karachi’s Special Investigation Unit (SIU), Shoaib Mehmood Memon (left), is addressing a press briefing in Karachi, Pakistan, on June 25, 2025. (Karachi Police)
Short Url
Updated 25 June 2025
Follow

Karachi police detain four fishermen accused of spying for India’s RAW

  • Karachi police say suspects sent sensitive photos to Indian intelligence, carried out surveillance of military sites 
  • Officials allege suspects crossed into India multiple times, received cash, liquor, and weapons in exchange for spying 

KARACHI: Pakistani police on Wednesday said they had arrested four local fishermen suspected of spying for India’s main intelligence agency RAW, accusing them of sending sensitive images of military installations to Indian handlers and receiving payments, liquor, and weapons in return.

Accusations of spying have long fueled tensions between nuclear-armed neighbors Pakistan and India, especially in coastal regions like Sindh, where fishing communities often unknowingly drift across poorly demarcated maritime borders.

Police said the latest arrests were made during a joint operation with intelligence services, according to a press conference by Shoaib Mehmood Memon, Senior Superintendent of Police (SSP) with Karachi’s Special Investigation Unit (SIU).

Memon said the suspects, identified as local fishermen by profession, had carried out surveillance of “sensitive installations” in the city’s Malir district and provided visual material to Indian agents.

“Indian intelligence agency RAW is recruiting vulnerable individuals through cross-border channels, including fishing routes,” said Memon. “The suspects used to call Colonel Ranjit their boss. He was in regular contact with them.”

The men allegedly crossed the international border into India on multiple occasions, where they were given Indian alcohol, cigarettes, and cash, police said. 

Memon added that the suspects received around RS100,000-150,000 (up to $525) per visit and were tasked with collecting sensitive video footage and checking routes leading to key military sites.

Authorities said hand grenades, firearms, and a vehicle were recovered during the operation, and that mobile data from the suspects had been fully extracted. Cases had been registered against the suspects under Pakistan’s counterterrorism laws.

Pakistan has frequently alleged that Indian intelligence services, particularly the Research and Analysis Wing (RAW), have supported espionage and subversion inside its territory. India, in turn, has denied such claims and accused Pakistan of harboring militant groups, which it rejects. 

In 2016, the arrest of Indian national Kulbhushan Jadhav, whom Islamabad described as a RAW officer, deepened bilateral strains. Jadhav was sentenced to death for alleged spying and sabotage but denied the charges, saying he was a former naval officer abducted from Iran.


Pakistan stocks close at record high over current account surplus, falling bond yields

Updated 9 sec ago
Follow

Pakistan stocks close at record high over current account surplus, falling bond yields

  • KSE-100 index gains 1,646.79 points or 0.97% to close at new high of 171,960.64 points
  • Pakistan’s central bank posted a current account surplus of $100 million in November

KARACHI: Pakistani stocks closed at an all-time high of 171,960.4 points on Thursday, with financial analysts attributing the surge to increasing investor confidence stemming from a current account surplus reported in November and a drop in government bond yields.

The benchmark KSE-100 index gained 1,646.79 points or 0.97% to close at an all-time high of 171,960.64 points on Thursday. The previous day, Pakistani stocks surged to 170,313.85 points at close of business. 

Ahsan Mehanti, chief executive officer at Arif Habib Commodities, said the optimistic mood at the stock exchange was fueled by the $100 million current account surplus reported by the central bank in November.

“Speculations ahead of year-end close and fall in government bond yields up to 70 basis points after the SBP (State Bank of Pakistan) policy easing played the catalyst role in bullish activity at PSX,” Mehanti told Arab News. 

The surplus was a welcome development for Islamabad as Pakistan’s central bank reported a $291 million deficit in October.

Topline Securities, a Pakistani brokerage firm, said in its daily market review that strong buying by local funds followed a drop in Pakistan Investment Bond (PIB) yields, which boosted investor confidence.

PIB yields are the returns on bonds or government-backed securities that pay fixed semi-annual interest, with rates influenced by market demand and SBP auctions.

“Strength in ENGRO (Engro Corporation), FFC (Fauji Fertilizer Company), UBL (United Bank Limited), LUCK (Lucky Cement) and BAHL (Bank AL Habib) underpinned positive momentum, collectively contributing 1,504 points to the index,” the brokerage firm wrote on X. 

“This upside was partly offset by declines in PIOC (Pakistan International Oil Company), DHPL (D.H. Corporation Limited) and MLCF (Millat Tractor Limited), which together subtracted 176 points.”

The sustained rise in equities comes amid improving liquidity conditions and continued investor participation, with market participants focusing on corporate earnings, sector-specific developments and broader macroeconomic signals.

Earlier on Monday, Pakistan’s central bank cut its key policy interest rate by 50 basis points to 10.5%, a move that surprised analysts and followed four consecutive policy meetings where rates were held unchanged.

The cut came despite an International Monetary Fund staff report earlier this month cautioning against premature monetary easing.

Inflation eased to 6.1% in November, remaining within the SBP’s target band, though analysts have warned that price pressures could resurface later in the fiscal year as base effects fade and food and transport costs remain volatile.