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PESHAWAR: One woman was killed while three others were injured in two quadcopter attacks in northwestern Pakistan this week, a police official said on Wednesday, blaming militants for carrying out the assault. 

The first attack took place on Tuesday night in the northwestern tribal Bannu district’s Srah Bangla area, District Police Officer (DPO) Saleem Abbas Kulachi said. The quadcopter strike killed a woman and left three injured, including two children, he added.

The second attack targeted the Miryan Police Station in the same district at 6:45 am on Wednesday, he said. The police officer added that an explosive-laden quadcopter deployed by the “Khawarij” had struck the facility.

Khawarij is a commonly used term by Pakistani authorities to describe extremist factions like the Tehreek-i-Taliban Pakistan (TTP).

“These attacks are being carried out by militants who have acquired and deployed quadcopters in carrying out attacks,” Amir Khan, a media officer for the regional police officer in Bannu, told Arab News.

He did not provide further details. Kulachi, however, said an investigation is underway to identify those responsible for the Miryan Police Station attack.

The TTP, which has carried out some of the deadliest attacks against Pakistan’s armed forces and civilians since 2007, has not claimed responsibility for the attack so far.

On May 19, a suspected drone strike reportedly led to the deaths of four children in Hurmuz village of the northwestern Mir Ali tehsil and injuries to five others, including a woman.

Pakistan’s military denied responsibility for the attack days later, attributing the incident to a proscribed militant network which it said was operating on “the behest of their Indian masters.”

“Initial findings have established that this heinous act has been orchestrated and executed by Indian-sponsored Fitna Al Khawarij,” the military’s media wing said in a statement.

Later in May, police said at least 22 people were wounded in another suspected quadcopter attack near a volleyball ground in Pakistan’s South Waziristan district.

The police spokesperson had said the origins and operators of the drone remained “undetermined.

Islamabad has repeatedly blamed Afghanistan-based militant groups for launching attacks inside Pakistan, a claim that Kabul denies.

Pakistan also blames India for backing militant groups in its Khyber Pakhtunkhwa and Balochistan provinces. India denies the allegations. 

KARACHI: Pakistan has launched a series of investor meetings in Beijing this week as it prepares to issue its first-ever panda bond, the finance ministry said on Wednesday, marking a significant step in the country’s strategy to diversify its funding sources through China’s onshore capital market.

Representatives from the Pakistani ministry of finance are holding the non-deal investor roadshow (NDR) in China from July 7 to 11, 2025. The delegation has engaged in technical discussions with potential investors, underwriters, prospective guarantors, the Chinese Rating Agency, and Chinese legal counsel as part of the pre-marketing process for the debut issuance.

The investor meetings focus on Pakistan’s macroeconomic outlook, ongoing debt management reforms and the proposed bond’s structure. The initiative reflects Pakistan’s push to broaden its investor base and strengthen its credibility in international capital markets.

A panda bond is a Renminbi-denominated bond issued by a foreign government, multilateral institution, or company in China’s onshore bond market, allowing overseas issuers to raise funds from Chinese investors while diversifying their investor base and gaining access to China’s deep capital pool.

“The visit reflects the Government’s commitment to proactive investor engagement and diversification of funding sources through access to China’s onshore capital market,” the finance ministry said in a statement.

According to the ministry, the inaugural panda bond is expected to be launched later this year after the completion of documentation and regulatory approvals, including credit guarantees from multilateral development partners.

Officials said the roadshow has drawn strong initial interest, signalling investor confidence in Pakistan’s reform trajectory. The ministry described the move as a milestone that would help Pakistan tap China’s deep and diversified onshore bond market while using local currency instruments backed by multilateral partners.

“The successful NDR so far reflects the Government’s commitment to innovative and forward-looking financial diplomacy — and sends a clear message: Pakistan is ready to enter new capital frontiers with confidence and credibility,” the statement added.