Attack on Pakistan Stock Exchange: A Fuel-to-fire in Southeast Asia

On June 29th, four armed men opened fire in the premises of Pakistan Stock Exchange, Karachi. All four terrorists were successfully gunned down on the spot by the police, whereas one policeman and three guards were shot fighting. A representative account of Balochistan Liberation Army (BLA), a US-designated terrorist organization, on Twitter claimed responsibility for the attack. Prime Minister Imran Khan pinned this attack on India the very next day. This incident could further escalate the already high tensions between Pakistan and India. Apparently, the shootout lasted for only eight minutes but the context of it has been developing for ages.

BLA is a Baloch separatist militia which aims for an independent Balochistan due to ‘economic exploitation by the rest of Pakistan’. Its ultimate goal is to form an independent state of Balochistan where all the regional resources are used for the development of the Baloch nation.

Both India and BLA see Pakistan as their mutual enemy. India seems to never let go of any opportunity that leads to instability in Pakistan. RAW, leading Indian intelligence agency, has been accused of sponsoring this banned outfit on multiple occasions. In an interview in 2009, Hairbiar Marri, founder of Free Balochistan Movement (FBM), said, “We appreciate any kind of aid for BLA, be it moral or any other kind.” An alleged Indian spy, named Kulbhushan Jadhav, was arrested in 2016 on the charges of terrorist activities in Balochistan. In a video confession, Jadhav said, “These activities have been of anti-national or terrorist nature which resulted in the killing and wounding of Pakistani citizens.”

Since the formation of Narendra Modi’s far-right wing government in India, the relations between the two bitter neighbours have continued to soar. Military stand-off on the Line of Control among the two nuclear-armed states has become habitual. Lockdown in Kashmir, 2016 ‘surgical strike’ and 2019 Balakot Dogfight were some of the significant incidents occurred over the recent years. Ajit Doval, PM Modi’s current advisor on National Security, has allegedly devised what is called the ‘Doval Doctrine’ for carrying out covert operations in Pakistan, especially Balochistan. And now, the attack on the economic hub of Pakistan, claimed by BLA, exhibits a similar pattern. “We have no doubt that it [PSX attack] was planned in India”, said PM Khan while addressing the Parliament.

Earlier in June, New Delhi directed Pakistan High Commission to reduce its staff by half. India blamed Pakistani envoys of espionage. Dismissing it as a false claim, Pakistan did the same for Indian High Commission staff.

The Chinese element

With the China-Pakistan Economic Corridor, a flagship project of China’s Belt and Road Initiative, the BLA considers its ‘national’ identity in danger. It is repeatedly found to threaten and carry out activities against Chinese-backed projects. Chinese Engineers working in Balochistan were targeted in a suicide attack in August, 2018. In 2018, BLA also took responsibility for the attack on Chinese Consulate in Karachi.

The separatists consider CPEC an underhand exploitation of the resources belonging to the Baloch. In an email to AFP, the Baloch Liberation Army (BLA) claimed that the PSX attack was not only on “Pakistan’s economy” but also on “China’s exploitative plans for Balochistan”.

Dr. Moeed Pirzada, a Pakistani columnist, has analyzed that RAW is trying to market BLA’s perspective as ‘Anti-China’ militant outfit. He further draws that RAW is attempting to gain sympathy of western powers for Balochistan cause by exposing the neo-imperial mindset of China. The west is already wary of China’s ‘debt-trap diplomacy’ for the poor, developing nations in Asia and Africa. If they get the ear of the west, things might take a new turn.

The hostility between India and China increased over the past months regarding the Line of Actual Control (LAC). The claims of 135,000 square kilometer area along the border is a dispute between India and China, processing via negotiations and dialogues. Years of negotiations between New Delhi and Beijing failed on June 15th when troops of either sides clashed, resulting in death of 20 Indian and several Chinese soldiers.

If the alleged BLA links with India are officially proved, the ongoing Sino-India tensions could take a new hike. This would create grave repercussions for the entire region. The  state of affairs in Southeast Asia has alarmed the international society as the malice revolving around three nuclear-powered nations is catastrophic to much bigger geography.

Nauman Ahmad Bhatti
Nauman Ahmad Bhatti
Telecommunication Engineer and a scholar of History and Politics. He can be reached at naumanahmadbhatti[at]gmail.com.