Gunmen kill seven laborers from Punjab province in Pakistan’s coastal Gwadar district

Gunmen kill seven laborers from Punjab province in Pakistan’s coastal Gwadar district
Pakistani army personnel stand guard along a road in Quetta on February 7, 2024. (AFP/File)
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Updated 09 May 2024
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Gunmen kill seven laborers from Punjab province in Pakistan’s coastal Gwadar district

Gunmen kill seven laborers from Punjab province in Pakistan’s coastal Gwadar district
  • The assailants targeted the seven hair-salon workers while they were sleeping in a residential quarter
  • No group have claimed the attack, though Baloch separatists have targeted Punjabi workers in the past

QUETTA: A group of unidentified gunmen attacked a residential quarter in Gwadar, a coastal town in Pakistan, in the early hours of Thursday, killing seven laborers from Punjab province, confirmed a local administration official.
The attack, which occurred about 24 kilometers from central Gwadar city, targeted hair-salon workers from Khanewal district in Punjab while they were sleeping.
Speaking to Arab News, Deputy Commissioner of Gwadar Hamood-ur-Rehman said the assailants stormed the quarter around 4 AM and opened fire on the occupants.
“The attackers killed seven laborers belonging to Punjab province before escaping from the area,” he said. “One worker was injured in the attack and has been transferred to District Headquarter Hospital Gwadar for medical treatment.”
Rehman also mentioned the district administration and law enforcement agencies had started investigating the incident. So far, no group has claimed responsibility for the attack.
This is the third attack against laborers from Punjab within a month in Pakistan’s restive southwestern Balochistan province, which shares porous borders with Iran and Afghanistan and has experienced a low-scale insurgency by Baloch separatist groups against the Pakistani state.
In April, the proscribed Baloch Liberation Army (BLA) claimed responsibility for the killings of nine Punjab residents traveling to Iran from Quetta, the capital of Balochistan. In another incident last month, two Punjabi garage workers were targeted.
Baloch nationalists have long accused the Pakistani government and Punjab province of monopolizing profits from Balochistan’s abundant natural resources, saying it has led to political marginalization and economic exploitation.
However, Pakistani administrations have denied these allegations, citing several development initiatives launched in the province to improve local living conditions.
Gwadar, located on the Arabian Sea coast, plays a pivotal role in the multibillion-dollar China Pakistan Economic Corridor (CPEC) that is envisaged to enhance regional connectivity.
Despite being resource-rich, Balochistan remains Pakistan’s most sparsely populated and impoverished province.
“The slain laborers were shot multiple times,” Dr. Hafeez Baloch, the medical superintendent at DHQ Gwadar, told Arab News. “We found bullet injuries on their heads and bodies.”
“One injured individual, who was in stable condition, has been referred to Karachi for better treatment,” he added. “The bodies of the slain laborers have been returned to their native village in Punjab.”
Prime Minister Shahbaz Sharif condemned the killings, describing the incident as “a cowardly attack on the country by its enemies.”
“We will eradicate terrorism from the country and stand with the families who lost their loved ones in Gwadar,” he declared in a statement.
Meer Sarfaraz Bugti, the provincial chief minister, vowed to pursue the attackers, saying: “We will use all our might against these terrorists and establish the writ of the state.”


US says ‘closely’ monitoring situation after attack on tourists in Indian-administered Kashmir

US says ‘closely’ monitoring situation after attack on tourists in Indian-administered Kashmir
Updated 1 min 6 sec ago
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US says ‘closely’ monitoring situation after attack on tourists in Indian-administered Kashmir

US says ‘closely’ monitoring situation after attack on tourists in Indian-administered Kashmir
  • The attack in Pahalgam, which killed 26 people, has once again brought India and Pakistan to the brink of another war
  • The UN has urged both nations to show ‘maximum restraint’ as the nuclear-armed rivals announced tit-for-tat measures

ISLAMABAD: The United States (US) is “closely” monitoring the situation after an attack on tourists in Indian-administered Kashmir, the State Department said on Thursday, as both India and Pakistan teeter on the brink of another conflict.
India and Pakistan have come close to a war as the two nuclear-armed South Asian neighbors downgraded diplomatic and trade relations, closed the main border crossing and revoked visas for each other’s nationals in tit-for-tat moves this week.
Indian Prime Minister Narendra Modi has vowed to pursue and punish the gunmen responsible for killing 26 civilians in the tourist hotspot of Pahalgam on Tuesday, accusing Pakistan of supporting “cross-border terrorism.” Pakistan has denied it was behind the attack, claimed by a previously unknown militant group.
“As we all know, it’s a rapidly changing situation and we are monitoring it closely,” State Department spokesperson Tammy Bruce said during a press briefing.
The statement came after Modi vowed to hunt down the gunmen responsible for killing 26 civilians in Pahalgam and the Indian police identified two of the three fugitive gunmen as Pakistani.
“I say to the whole world: India will identify, track and punish every terrorist and their backer,” Modi said, in his first speech since Tuesday’s attack in the Himalayan region. “We will pursue them to the ends of the Earth.”
Islamabad has called the attempts to link Pakistan to the Pahalgam attack “frivolous” and vowed to respond to any Indian action.
“Any threat to Pakistan’s sovereignty and to the security of its people will be met with firm reciprocal measures in all domains,” a Pakistani government statement said.
Kashmir has been divided between India and Pakistan since their independence in 1947, with both claiming the territory in full but governing separate portions of it. The Muslim-majority region has been the cause of two of their three wars and also witnessed a bloody insurgency against Indian rule.
Bruce, however, declined to comment on the status of the disputed region.
“We, of course, are not now taking a position on the status of Kashmir or of Jammu either,” she said.
Also on Thursday, the United Nations urged both India and Pakistan to show “maximum restraint” as the nuclear-armed rivals imposed tit-for-tat diplomatic measures.


India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack

India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack
Updated 42 min 56 sec ago
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India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack

India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack
  • Relations have plunged to their lowest level in years after gunmen carried out the worst attack on civilians in Indian-administered Kashmir
  • Kashmir has been divided between India and Pakistan since independence in 1947, with both claiming the territory in full but governing in part

NEW DELHI: The United Nations urged India and Pakistan to show “maximum restraint” as the nuclear-armed rivals imposed tit-for-tat diplomatic measures over a deadly shooting in Kashmir.
Relations have plunged to their lowest level in years, with India accusing Pakistan of supporting “cross-border terrorism” after gunmen carried out the worst attack on civilians in contested Muslim-majority Kashmir for a quarter of a century.
“We very much appeal to both the governments... to exercise maximum restraint, and to ensure that the situation and the developments we’ve seen do not deteriorate any further,” UN spokesman Stephane Dujarric told reporters in New York on Thursday.
“Any issues between Pakistan and India, we believe, can be and should be resolved peacefully through meaningful mutual engagement.”
Indian Prime Minister Narendra Modi on Thursday vowed to hunt down the gunmen responsible for killing 26 civilians at the popular tourist site of Pahalgam, after Indian police identified two of the three fugitive gunmen as Pakistani.
“I say to the whole world: India will identify, track and punish every terrorist and their backer,” Modi said, in his first speech since Tuesday’s attack in the Himalayan region.
“We will pursue them to the ends of the Earth.”
Denying any involvement, Islamabad called attempts to link Pakistan to the Pahalgam attack “frivolous” and vowed to respond to any Indian action.
“Any threat to Pakistan’s sovereignty and to the security of its people will be met with firm reciprocal measures in all domains,” a Pakistani statement said, after Pakistan Prime Minister Shehbaz Sharif held a National Security Committee meeting with top military chiefs.
Kashmir has been divided between India and Pakistan since their independence in 1947, with both claiming the territory in full but governing separate portions of it.
Rebel groups have waged an insurgency in Indian-controlled Kashmir since 1989, demanding independence or a merger with Pakistan.
India’s air force and navy both carried out military exercises Thursday.
Indian police say the three gunmen are members of the Pakistan-based Lashkar-e-Taiba group, a UN-designated terrorist organization.
They offered a two million rupee ($23,500) bounty for information leading to each man’s arrest.
A day after the attack, New Delhi suspended a water-sharing treaty, announced the closure of the main land border crossing with Pakistan, downgraded diplomatic ties, and withdrew visas for Pakistanis.
In response, Islamabad on Thursday ordered the expulsion of Indian diplomats and military advisers, canceling visas for Indian nationals — with the exception of Sikh pilgrims — and closing the main border crossing from its side.
Pakistan also warned any attempt by India to stop the supply of water from the Indus River would be an “act of war.”
Pahalgam marks a dramatic shift in recent Kashmiri rebel attacks, which typically target Indian security forces.
Experts say that a military response may still be in the pipeline, with some speculating that it may come within days while others say weeks.
In 2019, a suicide attack killed 41 Indian troops in Kashmir and triggered Indian air strikes inside Pakistan, bringing the countries to the brink of all-out war.
“Whatever little land these terrorists have, it’s time to reduce it to dust,” Modi said on Thursday, after holding two minutes of silence in memory of those killed, all but one of whom was Indian.
India has taken its time to respond to past attacks.
The worst attack in recent years in Indian-run Kashmir was at Pulwama in 2019, when insurgents rammed a car packed with explosives into a police convoy, killing 40 and wounding 35.
Indian fighter jets carried out air strikes on Pakistani territory 12 days later.
Tuesday’s assault occurred as tourists enjoyed tranquil mountain views at the popular site at Pahalgam, when gunmen burst out of forests and raked crowds with automatic weapons.
Survivors told Indian media the gunmen targeted men and spared those who could give the Islamic declaration of faith.
Indian security forces have launched a vast manhunt for the attackers, with large numbers of people detained.
The attack has enraged Hindu nationalist groups, and students from Kashmir at institutions across India have reported experiencing harassment and intimidation.


Pakistan seeks ADB’s credit guarantee for yuan-denominated Panda bond issue

Pakistan seeks ADB’s credit guarantee for yuan-denominated Panda bond issue
Updated 25 April 2025
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Pakistan seeks ADB’s credit guarantee for yuan-denominated Panda bond issue

Pakistan seeks ADB’s credit guarantee for yuan-denominated Panda bond issue
  • The development follows upgrades in Pakistan’s sovereign ratings by major credit rating agencies
  • Islamabad plans to launch yuan-denominated Panda bonds in June to raise roughly $200 million

KARACHI: Pakistan has sought support of the Asian Development Bank (ADB) for the issuance of its yuan-denominated Panda bond, the Pakistani finance ministry said on Thursday.
The statement came after Pakistan Finance Minister Muhammad Aurangzeb’s meeting with ADB President Masato Kanda in Washington D.C., wherein the two sides discussed their Country Partnership Strategy 2026-2030 and budgetary support.
Pakistan plans to launch yuan-denominated Panda bonds in June to enhance its presence in Chinese capital markets and raise approximately $200 million from Chinese investors, following upgrades in its sovereign ratings by major credit agencies.
Islamabad is being advised on the issuance of Panda bonds by the China International Capital Corporation, a partially state-owned financial services company. However, the latest figure shared in Jan. is lower than the $300 million targeted by Pakistan last year.
“The minister requested ADB’s support for a partial credit guarantee for the issuance of Pakistan’s Panda bond,” the Pakistani finance ministry said.
The development comes more than a week after global ratings agency Fitch upgraded Pakistan’s foreign currency credit rating to ‘B-’ from ‘CCC+’, citing increased confidence in the country’s progress on narrowing its budget deficits.
The upgrade also reflects confidence that the country would implement structural reforms, supporting its International Monetary Fund (IMF) program performance and funding availability, according to Fitch.
Pakistan’s economy had been teetering on the brink of default ever since inflation rose to a record high in May 2023 and reserves started shrinking, but has seen some respite thanks in part to a $7 billion bailout program from the IMF.
Aurangzeb and the ADB president also discussed the Bank’s Country Partnership Strategy 2026-2030 for Pakistan and agreed to fast-track the project’s execution, according to the Pakistani finance ministry.
“He also expressed hope that budgetary support from ADB would materialize this year and assured the participation of Pakistan’s delegation in the CAREC (Central Asia Regional Economic Cooperation Program) meeting scheduled for November 2025,” it added.
Pakistan is a founding member of the ADB. Since 1966, the bank has committed over $52 billion in public and private sector loans, grants, and other forms of financing to promote inclusive economic growth in Pakistan and improve the country’s infrastructure, energy and food security, transport networks, and social services.


Pakistan says inflation likely to remain between 1.5-2 percent in April

Pakistan says inflation likely to remain between 1.5-2 percent in April
Updated 25 April 2025
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Pakistan says inflation likely to remain between 1.5-2 percent in April

Pakistan says inflation likely to remain between 1.5-2 percent in April
  • Pakistan’s inflation rate fell to 1.5 percent in February after central bank’s aggressive policy rate cuts
  • Exports, remittances expected to maintain upward trend in the coming months, says Finance Division

ISLAMABAD: The rate of inflation in Pakistan is likely to remain between 1.5 to 2 percent in April, the government’s Finance Division said on Thursday in its monthly economic outlook, stating that the country’s macroeconomic indicators have shown “signs of overall stabilization.”

Pakistan’s economy has improved in recent months, supported by declining inflation which fell to 1.5 percent in February. The central bank has reduced its policy rate to 12 percent after a series of cuts totaling 1,000 basis points since June 2024.

In its outlook for the month of April, the Finance Division said inflation has reduced to its “lowest level,” creating space for a more supportive monetary policy in upcoming months.

“Inflation is projected to remain between 1.5-2.0 percent in April, with a possible rise to 3.0-4.0 percent by May 2025,” the report said. 

The report said that Consumer Price Index (CPI) inflation eased to 0.7 percent year-on-year in March 2025, down from 1.5 percent in February and 20.7 percent in March 2024. Month-on-month, it rose by 0.9 percent, following a 0.8 percent decline in February and a 1.7 percent increase in March 2024.

The monthly outlook report also noted that the current account registered a higher surplus, driven by remittances and export growth, while reserves improved and the exchange rate remained stable. 

“Revenue mobilization and restrained current spending have contributed to a narrower fiscal deficit and a surplus primary balance,” it said. 

The report also noted improvements in high-frequency indicators, such as rising automobile output, raw material imports and a more “accommodative monetary stance.”

“Improved weather conditions and increased water availability are likely to support higher crop yields and better farming conditions contributing to overall economic growth,” it said. 

The report also said exports and remittances are expected to maintain their upward trend in the coming months, keeping the current account within a “manageable range.”


PSL X: Babar’s 50 helps Peshawar Zalmi cruise to 7-wicket win over Lahore Qalandars

PSL X: Babar’s 50 helps Peshawar Zalmi cruise to 7-wicket win over Lahore Qalandars
Updated 24 April 2025
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PSL X: Babar’s 50 helps Peshawar Zalmi cruise to 7-wicket win over Lahore Qalandars

PSL X: Babar’s 50 helps Peshawar Zalmi cruise to 7-wicket win over Lahore Qalandars
  • Babar Azam scores unbeaten 56 runs from 42 balls while Hussain Talat smashes 51 runs
  • With two wins under their belt, Zalmi next face Quetta Gladiators on Sunday, April 27

ISLAMABAD: Spurred on by a stellar half-century by skipper Babar Azam, Peshawar Zalmi beat Lahore Qalandars by seven wickets to register their second victory of the HBL Pakistan Super League (PSL) X edition in Lahore on Thursday. 
Zalmi were set a modest total of 130 runs after Azam’s side bowled out the Qalandars for a modest 129 runs in 19.2 overs. Alzarri Joseph was the pick of the Zalmi bowlers with 3/15 figures while Luke Wood and Hussain Talat returned figures of 2/25 and 2/18, respectively.
The “Yellow Storm” ran into difficult earlier on during their chase, losing opener Saim Ayub for just 2 runs while star batter Tom Kohler-Cadmore fell for a duck. Azam kept his cool, scoring 56 runs from 42 balls and building partnerships with Mohammad Haris (20 off 16) and Hussain Talat (51 off 37) to see his team to the end.
“Not an ideal start for our home leg,” the Qalandars wrote on social media platform X. “Overwhelmed with the support of our home crowd, we will come back stronger!“


Qalandars skipper Shaheen Shah Afridi found his form with the ball, clocking in speeds of over 140 kilometers per hour frequently. The left-arm pacer was able to return figures of 2/22 from his four overs while speedster Haris Rauf finished with figures of 1/39 from 3.4 overs. 
Zalmi now have two wins from five matches in the HBL PSL 10 edition so far, beating the Multan Sultans by 120 runs earlier in the tournament to register the largest win in PSL history. They are now placed at number four on the PSL points table, tied with four points with Lahore Qalandars. 
Azam’s side will next take on Quetta Gladiators in the tournament on Apr. 27.