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While Pakistan's economy sinks, Jaish, Lashkar continue spewing venom against India

Though terrorism-linked fatalities remained at roughly the same level, the overall security situation deteriorated in Pakistan, as the terrorists appeared to gain ground in August.

Updated on: Sep 18, 2022, 16:33:25 IST
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While Islamabad has hinted at a tougher approach against Tehreek-e-Taliban Pakistan (TTP) and emphasised the continuation of counter-terrorism operations in Khyber Pakhtunkhwa and Balochistan, Pakistan-based terrorist outfits Jaish-e-Mohammad (JeM) and Lashkar-e-Taiba (LeT) have stepped up efforts to push cadres into India.

Lashkar-e-Taiba founder Hafiz Saeed and Jaish-e-Mohammad chief Masood Azhar.
Lashkar-e-Taiba founder Hafiz Saeed and Jaish-e-Mohammad chief Masood Azhar.

The JeM is also urging youth to join the terror group's gyms at district levels in Karachi, Gujranwala, Sialkot, Peshawar, Muzaffarabad, Kotli, Narowal, Shakargarh, etc., for physical fitness and agility. It periodically organises visits of gym-going youth to the border/Line of Control (LoC) areas for familiarisation to use them in future infiltrations.

Between August 5 and 11, the JeM organised a seven-day “Daura Tarbiya” training camp at Ganga Choti, Bagh district in Pakistan-occupied Jammu and Kashmir.

Meanwhile, top LeT leaders actively participated in Friday sermons in Jamaat-ud-Dawa's marakiz and madrassas, spewing venom against India and the West. As part of its ongoing jihadi training activities, the LeT restarted its basic training course Daura-e-Sufa in the garb of 'self-defence courses'. LeT functionaries have started donation campaigns in the name of recent floods. While helping people of flood-affected areas, these propagate the ideology and opportunistically exploit the crisis for spotting raw talent and recruits for the terror group.

The unceasing cycle of political vendetta continued last month, with the Pakistan government and the TTP irreconcilable, and the confrontation does not augur well for the country and will have an adverse impact on the economy, which is already in the doldrums.

Though the International Monetary Fund (IMF) and friendly countries have come to the rescue, things are going to worsen for the common man as a result of the conditionalities imposed, and with prices of essential commodities skyrocketing.

Economic situation remains precarious

On August 29, the IMF executive board approved the release of a USD 1.17 billion tranche to Pakistan. It also approved an extension in the External Fund Facility until June 2023, besides enhancing the assistance of Special Drawing Rights (SDR) 720 million (about USD 950 million), bringing the total assistance package to approximately USD 6.5 billion. The release provided much-needed budgetary support to meet fiscal and external deficits, essentially by catalysing additional financing from bilateral and multilateral partners.

Despite the disbursal of the IMF tranche, the economic situation in Pakistan will remain precarious, as the depleted forex reserves stood at only around USD 7.7 billion, as on August 24. The devastating floods, which have claimed around 1,300 lives and displaced more than 30 million displaced, would only add to the country’s forex woes, as a downturn is expected in the economy, including a possible decline in exports of textiles in the coming months. Notwithstanding the approximately USD 500 million aid pledged by multilateral and bilateral partners, the situation has put an additional burden on Pakistan’s already thin resources. The Pakistani government has estimated a loss of over USD 10 billion to the economy due to the floods.

Political situation remains fluid

The government has slapped a slew of legal cases on Pakistan Tehreek-e-Insaaf (PTI) chairman Imran Khan Niazi. These include a case filed under the Anti-Terrorism Act for threatening senior police officials and a lady additional sessions judge in Islamabad filed on August 20. The Election Commission of Pakistan has separately issued notices to Khan and other senior party leaders for making intemperate and contemptuous remarks against the commission. The commission is also hearing the Toshakhana reference filed against Khan for misappropriation of official gifts.

Khan, meanwhile, has ramped up his anti-establishment rants in public rallies, directed particularly against army chief general Qamar Javed Bajwa, demanding the military establishment review its policies on supporting the ruling coalition government.

 
ABOUT THE AUTHOR
Shishir Gupta

Shishir Gupta is Executive Editor at Hindustan Times and one of India's top journalists covering national security, strategic affairs, foreign policy and geopolitics. Over the past three decades, he has extensively reported on India's military, diplomatic and security landscape, covering every major conflict and national security challenge, from the 1999 Kargil War and the 2020 East Ladakh standoff to Operation Sindoor in 2025. He has also covered major terror attacks, including the IC-814 hijacking, the 26/11 Mumbai attacks and the 2025 Pahalgam terror strike, along with numerous Pakistan-backed terrorist incidents in the Kashmir Valley and across India. He has reported on national and state elections for more than three decades. A recognised authority on strategic affairs, Gupta has covered India's nuclear programme since the Pokhran-II (Shakti series) tests in May 1998 and has written extensively on global nuclear issues, Indian diplomacy and the country's expanding global outreach. He has also reported widely on international conflicts and terrorism, with a special focus on the Indian subcontinent. Gupta has interviewed Prime Minister Narendra Modi more than four times, including Modi's first interview with the print media after becoming Prime Minister in May 2014. His other interviews include three with the Dalai Lama, as well as conversations with Benjamin Netanyahu, Amit Shah, Yogi Adityanath, S. Jaishankar, Nirmala Sitharaman and Piyush Goyal. He is the author of Indian Mujahideen: The Enemy Within (Hachette, 2011) and Himalayan Face-off: Chinese Assertion and Indian Riposte (Hachette, 2014). He was awarded the Chevening-Wolfson Joint Scholarship at Wolfson College, University of Cambridge, UK, in 1998 and participated in the International Visitor Leadership Program (IVLP) of the US State Department in 2006. He received the Ben Gurion Prize from Israel in 2011 and the K. Subrahmanyam Prize for Strategic Studies in 2015 from the Manohar Parrikar Institute for Defence Studies and Analyses (MP-IDSA). Since 2024, he has hosted Point Blank, Hindustan Times' weekly YouTube show on global geopolitics.

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