Pakistan rules out talks with TTP, urges Afghanistan to take action against militants

The screengrab taken from a video shared by Pakistan's foreign ministry shows foreign office spokesperson, Mumtaz Zahra Baloch, addressing a media briefing in Islamabad, Pakistan on April 4, 2024. (MOFA)
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Updated 04 April 2024
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Pakistan rules out talks with TTP, urges Afghanistan to take action against militants

  • Foreign office responds to Afghan deputy interior minister’s suggestion for Islamabad, Pakistani Taliban to hold talks
  • Pakistan last month carried out airstrikes against alleged militant targets in Afghanistan, angering the Afghan Taliban

ISLAMABAD: Pakistan’s foreign office spokesperson on Thursday rejected an Afghan minister’s suggestion for Islamabad and the Pakistani Taliban to hold talks, urging Kabul to take action against militant groups operating from its soil.
Afghan Deputy Interior Minister Mohammad Nabi Omari on Wednesday urged Pakistan and the Tehreek-e-Taliban Pakistan (TTP) to resolve their disputes and start negotiations afresh.
The TTP or Pakistani Taliban have carried out some of the deadliest attacks in Pakistan since 2007. These attacks have surged post-November 2022 after a fragile truce brokered by the Afghan Taliban between Islamabad and TTP broke down.
“I will reiterate what we have said in the past. Pakistan is not holding any talks with a terrorist organization, the TTP,” Mumtaz Zahra Baloch, the foreign office spokesperson, told reporters during a weekly press briefing.
“We have no plans to hold these talks with TTP.”
She called on the Afghan government to take action against militant groups and their leadership “for the crimes they are committing and the terrorist incidents they are responsible for in Pakistan.”
Baloch said Pakistan’s law enforcement agencies are in the process of taking action against militant groups, specifically the one that killed five Chinese nationals last week in a suicide attack in northwestern Pakistan.
“At this point, what I can say is that Pakistan remains committed to fight against all terror groups and all forces which have targeted Pakistan and have targeted symbols of Pakistan-China friendship, including the latest attack in Bisham,” she said.
Security experts endorsed the foreign office stance, asserting that Pakistan had no choice but to take strict action against militant outfits like the TTP, particularly in light of the recent killings of Chinese workers.
“Pakistan considers Afghan Taliban’s suggestion to negotiate with the terrorist outfit as evidence of Kabul’s sympathy and support for the TTP,” Syed Muhammad Ali, an Islamabad-based security analyst, told Arab News.
He said this also reflected Kabul’s reluctance to implement the Doha Accord which required the interim Afghan administration to ensure that its territory was not used by militant groups.
Ali noted that Islamabad attributed the recent rise in militant attacks in the country as a direct outcome of Kabul’s decision to extend “hospitality” toward militant outfits in Afghan territory.
He pointed out that Islamabad had repeatedly said that militant violence was a common threat to both Pakistan and Afghanistan, emphasizing the necessity to jointly deal with it.
Another defense analyst, Brig. (r) Dr. Raashid Wali Janjua, said Pakistan would have to fight its way out of the quagmire.
“There is no possibility of engaging in talks with terrorist entities,” he told Arab News.
“However, if such talks were to occur, they would focus solely on one agenda, the TTP renouncing violence, surrendering their weapons, and individuals involved in criminal activities turning themselves in to the authorities for appropriate action as this is the only viable path forward,” he added.
Militancy has soured relations between Pakistan and Afghanistan since August 2021 when the Taliban seized power in Kabul.
Last month, seven Pakistani soldiers, including two army officers, were killed in a militant attack, the Pakistani military said.
The attack led the Pakistani military to carry out rare airstrikes against suspected TTP hideouts inside Afghanistan on March 18, killing eight people. The strikes prompted Afghan forces to fire heavy weapons at Pakistani soldiers along the border.


IFC to provide $400 million loan for Pakistan’s copper-gold Reko Diq mine

Updated 6 sec ago
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IFC to provide $400 million loan for Pakistan’s copper-gold Reko Diq mine

  • The loan adds to a $300 million commitment announced in April, bringing the total to $700 million
  • Reko Diq, one of the largest undeveloped copper-gold deposits, is being developed by Barrick Gold

ISLAMABAD: The International Finance Corporation will provide a $400 million subordinated loan for Pakistan’s Reko Diq copper-gold mine, according to an IFC disclosure on Friday.

The loan adds to a $300 million commitment announced in April, bringing IFC’s total financing for the project to $700 million. The estimated cost of the mine is $6.6 billion, to be funded through a mix of debt and equity from a consortium of lenders.

“The estimated total Project cost is $6.6bn, and it will be financed using a combination of debt and equity,” the disclosure said, adding that other parallel lenders will provide the remaining debt financing.

This type of loan, known as subordinated debt, is typically repaid after other senior loans and helps absorb more risk, making it easier for other lenders to invest.

Other financiers, including the US EXIM Bank, Asian Development Bank, Export Development Canada, and Japan’s JBIC, are also expected to join the financing package, project director Tim Cribb told Reuters in April.

Term sheets are expected to close by early in the third quarter. IFC chief Makhtar Diop said earlier this year that the institution was “doubling down” on Pakistan, with a focus on infrastructure, energy and natural resources.

Reko Diq, located in Balochistan, is one of the world’s largest undeveloped copper-gold deposits. It is being developed by Barrick Gold, which holds 50 percent, with the remainder split between Pakistan’s federal and provincial governments.

Production is expected to begin in 2028. Barrick has projected the mine will generate up to $74 billion in free cash flow over its estimated 37-year life.


Pakistan stocks drop over 1,900 points amid Israel-Iran tensions

Updated 27 min 47 sec ago
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Pakistan stocks drop over 1,900 points amid Israel-Iran tensions

  • Analysts cite fears of broader regional escalation following Israeli strikes on Iran
  • Israel struck Iran, claiming Tehran was “close” to developing a nuclear weapon

KARACHI: The Pakistan Stock Exchange (PSX) plunged more than 1,900 points on Friday, as investor sentiment soured following Israel’s strikes on Iran, triggering fears of wider regional escalation.

The benchmark KSE-100 index fell 1,949.56 points, or 1.57 percent, closing at 122,143.56, down from the previous close of 124,093.12.

Shares traded largely in the red, mirroring losses across regional and global markets after the Israeli attacks shook investor confidence, according to a market review by Pakistani brokerage Topline Securities.

“Geopolitical tensions after Israel’s attack in Iran weighed down on world equities, including the KSE100,” Raza Jafri, Head of Intermarket Securities, told Arab News. “In particular, if a geopolitical risk premium gets added to international oil prices on a prolonged basis, it could negatively affect the outlook for the current account deficit and inflation, given more than 25 percent of Pakistan’s import bill comprises of petroleum products.”

He noted that Pakistan was now “much more disciplined” economically, having avoided fuel subsidies and refrained from using foreign exchange reserves to support the currency. This, he said, would help the country better withstand a potential oil price shock than in the past.

Ahsan Mehanti, Chief Executive of Arif Habib Commodities Ltd, said stocks declined across the board in response to the strikes.

“Slump in global equities on geopolitical risks and weakening rupee played catalyst role in panic selling at PSX,” he said.

Israel launched strikes on Iran earlier on Friday, claiming Tehran was “very close” to developing a nuclear weapon. The attacks reportedly targeted nuclear facilities, scientists, and senior military commanders.
 


Pakistan stocks drop over 1,900 points amid Israel-Iran tensions

Updated 27 min 54 sec ago
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Pakistan stocks drop over 1,900 points amid Israel-Iran tensions

  • Analysts cite fears of broader regional escalation following Israeli strikes on Iran
  • Israel struck Iran, claiming Tehran was “close” to developing a nuclear weapon

KARACHI: The Pakistan Stock Exchange (PSX) plunged more than 1,900 points on Friday, as investor sentiment soured following Israel’s strikes on Iran, triggering fears of wider regional escalation.

The benchmark KSE-100 index fell 1,949.56 points, or 1.57 percent, closing at 122,143.56, down from the previous close of 124,093.12.

Shares traded largely in the red, mirroring losses across regional and global markets after the Israeli attacks shook investor confidence, according to a market review by Pakistani brokerage Topline Securities.

“Geopolitical tensions after Israel’s attack in Iran weighed down on world equities, including the KSE100,” Raza Jafri, Head of Intermarket Securities, told Arab News. “In particular, if a geopolitical risk premium gets added to international oil prices on a prolonged basis, it could negatively affect the outlook for the current account deficit and inflation, given more than 25 percent of Pakistan’s import bill comprises of petroleum products.”

He noted that Pakistan was now “much more disciplined” economically, having avoided fuel subsidies and refrained from using foreign exchange reserves to support the currency. This, he said, would help the country better withstand a potential oil price shock than in the past.

Ahsan Mehanti, Chief Executive of Arif Habib Commodities Ltd, said stocks declined across the board in response to the strikes.

“Slump in global equities on geopolitical risks and weakening rupee played catalyst role in panic selling at PSX,” he said.

Israel launched strikes on Iran earlier on Friday, claiming Tehran was “very close” to developing a nuclear weapon. The attacks reportedly targeted nuclear facilities, scientists, and senior military commanders.
 


Pakistan urges religious devotees to postpone travel to Iran, Iraq amid regional tensions

Updated 13 June 2025
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Pakistan urges religious devotees to postpone travel to Iran, Iraq amid regional tensions

  • A senior government official says currently there are an estimated 5,000 Zaireen in Iran
  • Israel launched strikes against Iranian military and nuclear facilities earlier in the day

ISLAMABAD: Pakistan on Friday advised its citizens planning religious travel to Iran and Iraq to reconsider their plans, citing security concerns after Israeli strikes on Iranian military and nuclear facilities earlier in the day.

The advisory mentions Pakistani “Zaireen,” or Shi’ite Muslim pilgrims who travel to Iran and Iraq to visit sacred religious sites, particularly in Mashhad, Qom, Najaf and Karbala.

The region has seen heightened tensions following Israeli attacks on key installations in Iran, prompting fears of broader instability.

“In view of the evolving security situation in the region, the Zaireen from Pakistan are advised to reconsider their travel plans to Iran and Iraq,” the foreign office said in a brief statement issued in Islamabad.

According to a senior government official who spoke on condition of anonymity, the number of Zaireen traveling to Iran fluctuates, and most do not contact the Pakistani diplomatic missions.

“Currently, there are an estimated 5,000 Zaireen in Iran,” he said, adding that Pakistan’s embassy in Tehran and its consulates remain available to assist citizens.

“Any Pakistani requiring guidance or support is encouraged to contact our relevant diplomatic missions, which will, as always, provide necessary assistance and facilitate their return to Pakistan,” the official added.

While no evacuation plans have been announced, the authorities say they are closely monitoring the regional situation.
 


Pakistan’s Babar Azam to make Big Bash debut with Sydney Sixers in Australia

Updated 13 June 2025
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Pakistan’s Babar Azam to make Big Bash debut with Sydney Sixers in Australia

  • Former Pakistan skipper says playing first-ever BBL match will be ‘something special’
  • BBL is a Twenty20 cricket competition that features Australia’s eight city-based teams

ISLAMABAD: Former Pakistan captain Babar Azam has been picked by Sydney Sixers to debut in the upcoming 15th season of Australia’s Big Bash League (BBL), the club announced on Friday.

The BBL is a professional Twenty20 cricket competition in Australia that features eight city-based teams.

Launched in 2011, the league is held during the summer and features a mix of local and international players.

“The SCG [Sydney Cricket Ground] has been home to many legends. Now it’s home to the [king]. Welcome, Babar Azam,” the Sydney Sixers said in a post on X.

Azam said he was “super pumped” to join the team, highlighting that his BBL debut “will be something special.”

“Cannot wait to share the dressing room with my favorite batter Steve Smith and world class bowler Josh Hazlewood,” he was quoted saying in a video posted by BBL on X.

“So really excited and looking forward to getting over there and meeting my craziest cricket fans.”

Azam has featured in several major franchise leagues around the world.

Apart from competing in the Pakistan Super League, Azam has played for Guyana Amazon Warriors in the Caribbean Premier League, Sylhet Sixers and Rangpur Riders in the Bangladesh Premier League, and Somerset in England’s T20 Blast.