Federal Minister for Finance Muhammad Aurangzeb addressed the nation on Tuesday, expressing condolences to China following the tragic loss of Chinese engineers in a terrorist attack near Karachi’s Jinnah International Airport. The slain engineers were part of a team engaged in crucial negotiations with the Pakistani government regarding the re-profiling of debt and extension of payment maturities.

These discussions aimed to reduce power tariffs and provide economic relief to the public. “I offer my condolences to the people and government of China,” Aurangzeb stated, emphasizing the engineers’ role in fostering a “win-win situation for China and Pakistan.”

The attack, claimed by the separatist militant group Baloch Liberation Army (BLA), targeted a convoy carrying Chinese staff from the Port Qasim Electric Power Company, resulting in the deaths of two Chinese nationals and injuries to another.

The attack underscores the persistent threat of terrorism, which has long plagued Pakistan, claiming thousands of lives and exacerbating economic challenges. Aurangzeb also highlighted the detrimental effects of strikes and civil unrest on the economy, citing recent disruptions in Islamabad due to political protests. He noted that such events force the government to shut down businesses and cities, leading to significant economic losses.

According to Aurangzeb, Pakistan’s economy suffers daily losses of approximately Rs190 billion due to strikes and unrest, impacting GDP, tax revenue, business operations, exports, and IT services. He urged those involved in strikes to seek resolution through dialogue, stressing that the country cannot afford setbacks from terrorism, strikes, or civil strife.

Despite these challenges, Aurangzeb reaffirmed the government’s commitment to stabilizing the economy and achieving sustainable growth. He called on the public to avoid activities that could further harm Pakistan’s economic prospects, emphasizing the need for unity and cooperation in overcoming these obstacles.