The terrorist organisation Baloch Liberation Movement has claimed responsibility for the attack. The BBC reports the attack started in Karachi when four gunmen wielding automatic rifles drove up in a silver Toyota Corolla, lobbed a grenade, then started shooting at security personnel who tried to stop them from entering the building.
Several projects linked to China's Belt and Road initiative are in Balochistan and are opposed by the BLA. (EPA/REHAN KHAN) Images captured by bystanders show the streets outside the stock exchange.
PSX Board Chairman Sulaiman S. Mehdi said "trading didn't close even for a minute".
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The Pakistan Stock Exchange said in a statement that the situation was "still unfolding".
Gunmen have attacked the Pakistan Stock Exchange in the country's largest city of Karachi, the country's financial centre. "We shall protect Sindh at all costs", he tweeted. As per reports, the militants entered the PSX through the parking area.
In a strongly-worded response, external affairs ministry spokesperson Anurag Srivastava said unlike Pakistan, India has no hesitation in condemning terrorism anywhere in the world including in Karachi.
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Major General Bukhari pointed out that the main objectives behind the attack were to hit Pakistan's economy, to shatter the country's global confidence and to disrupt the peace within the country. The $85 million deal concluded in 2017. Gen Omar Ahmed Bokhari - who oversees the paramilitary Rangers force which took part in the operation - accused neighboring India of aiding the attackers by allegedly activating "sleeper cells" that Pakistan claims Indian intelligence has planted throughout the country. "Baloch insurgents are being supported and trained by Indian intelligence agencies".
Balochistan is a sparsely populated region, and the BLA and other militants have sanctuaries there and in adjoining areas in Pakistan. Karachi police chief Ghulam Nabi Memon also backed Bukhari's statement, by saying attack was an "intelligence failure" on part of terrorists and, that since the attack on Chinese consulate, there have been other attempts that were foiled by security agencies. In May 2019, it attacked the Pearl Continental Hotel in Gwadar, centerpiece of the CPEC, killing five. Gross domestic product is projected to be an anemic 1% for the fiscal year starting July by both the World Bank and International Monetary Fund.
"Well done Sindh Rangers".
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At a news conference later Monday, Maj.