Taliban Threatens Pakistan Army-Linked PSX Stocks And Businesses

Militants belonging to Tehreek-i-Taliban Pakistan (TTP) are now targeting local businesses, including listed firms, owned by the Armed Forces of Pakistan, reported Bloomberg. The statement by the terrorist group loosely affiliated with Afghanistan Taliban on Sunday evening comes days after clashes at the Pak-Afghan border. TTP is targeting firms like Fauji Cement Company Ltd., Askari Bank Ltd., Fauji Fertilizer Company Ltd., Fauji Foods Ltd., Askari Cement Ltd., Askari Fuels, National Logistic Cell, Frontier Works Organization, Pakistan Ordnance Factory, Fauji Foundation, the Defence Housing Authority and all the institutions that have military’s shares in them. The main source of strength for the Pakistan Army “is its sources of income due to which it keeps itself imposed on the country for the past 70 years,” said a TTP spokesperson in the statement. The Pakistan Taliban has issued a warning to civilians, giving them three months to withdraw their investments from military-run organizations and urging employees of these entities to seek alternative employment.