Pakistan / by Alistair Galloway

Indian Prime Minister Narendra Modi referenced Pakistan as the mothership of terrorism at the eighth BRICS Summit. China defended Pakistan against the comments. China extended its hold on India’s bid to the United Nations Security Council (UNSC) to take action against Masood Azhar, founder of Pakistani based terrorist group Jaish-e-Mohammed. The National Assembly of Pakistan passed legislation attempting to tackle honour killings. Pakistani Prime Minister Nawaz Sharif was given notice by the Supreme Court of Pakistan in the Panama Papers leaks case. Leader of the opposition party Pakistan Tehreek-e-Insaf announced a plan to hold a protest sit-in in Islamabad on 2 November. Supporters of Pakistan Tehreek-e-Insaf clashed with police on 28 October. Sixty-one police cadets were killed after heavily armed suicide attackers assaulted a police academy in Quetta on 25 October. Five Shia Muslims were killed in a sectarian attack by terrorist group Lashkar-e-Jhangvi. Pakistani and Indian border tensions in the Kashmir region intensified throughout October with exchanges of fire on multiple days. Intelligence Bureau found that the China-Pakistan Economic Corridor (CPEC) is under threat from potential sabotage attempts by terrorist groups and Afghani and Indian intelligence agencies. The Chinese embassy called on Pakistani politicians to resolve their differences over CPEC. The World Bank (WB) stated delay in the project could hamper investment and growth. WB published a report highlighting Pakistan as one of ten countries to have made the biggest improvements to their business regulations in 2016. The International Monetary Fund (IMF) urged Pakistan to continue reforms and reduce public debt. Pakistan Finance Minister announced foreign exchange reserves were at $24.5 billion on 14 October. The Finance Minister announced the successful issuance of a five-year $1 billion sukuk bond on 6 October.

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