Over the past year of growing violence and chaos in Pakistan, the Karachi Stock Exchange has surged more than 44%, placing it among the world's top-performing stock markets according to Bloomberg. (NYT, Oct. 3) On Sept. 29, a bomb placed in a Peshawar marketplace killed more than 40 and injured over 100. (BBC News, Oct. 1) On Oct. 3, Taliban militiants attacked the headquarters of local chieftain Nabi Hanafi Karwan in Spin Thall, Bulandkhel district, Orakzai agency, Federally Administered Tribal Areas. A car bomb and suicide attacker overwhelmed the guards, and gunmen followed, killing 17. Nabi Hanfi has been leading an anti-Taliban militia. (The News, Pakistan, Oct. 4; AP, Oct. 3) 

Following last month's murky claims about al-Qaeda biggie Sulaiman Abu Ghaith having been sheltered by Iran, Canadian authorities now want us to believe that two guys busted by the RCMP—Chiheb Esseghaier in Montreal and Raed Jaser in Toronto—were plotting to blow up a Via Rail passenger train under the  "direction and guidance" of al-Qaeda agents in ...Iran. At their hearings April 23, the men denied the charges. Iran's  foreign ministry said groups such as al-Qaeda have "no compatibility with Iran in both political and ideological fields." (National Post, Canadian Press, April 23) This is rather obvious given the bitter sectarian war on Iran's borders with Iraq and Pakistan. Yet the RCMP portrays a "state-sponsored" terror plot.

A Pakistan court on April 5 extended by six days the bail granted to former president Pervez Musharraf, who faces charges of detaining judges during his time in office. The Islamabad High Court also ordered Musharraf to post bond for Rs 500,000, or just over $5,000, and to appear for his next hearing scheduled for April 18. Musharraf has also been named as a suspect in the assassination of former prime minister Benazir Bhutto in 2007, and may face charges in connection with the murder of Baluch tribal leader Nawab Akbar Bugti in 2007.

Tehran and Islamabad will sign an agreement March 11 for Iran to build the largest refinery in Pakistan, a $4 billion facility at Gwadar in the country's southwestern Balochistan province. (See map.) The refinery, projected to handle 400,000 barrels per day, will be linked to the planned Iran-Pakistan (IP) pipeline, with an extension to western China envisioned. China last month took over operational control of Gwadar's port, where a major expansion is planned. China's Great United Petroleum Holdings Company (GUPC) has agreed to conduct the feasibility study for a "petrochemical city" project in Gwadar. A pipeline from Gwadar to China would reduce the time and distance for oil transport from the Persian Gulf to Chinese markets. (Asia Times, March 6)

Osama bin Laden’s son-in-law and al-Qaeda's one-time media voice Sulaiman Abu Ghaith was seized by CIA agents and taken to the US after Turkey deported him to Jordan this month, it was revelaed March 7. AFP reports that Abu Ghaith was seized by Turkish authorities last month at a luxury hotel in Ankara after a tip-off from CIA, and was held there despite a US request for his extradition. Turkey apparently deported Abu Ghaith to Jordan on March 1 to be sent back to his native Kuwait, but he was seized by CIA agents in Jordan and taken to the United States. In a revelation that could be convenient for the slowly mounting war drive, it appears that before arriving in Turkey, Abu Ghaith had been in Iran...

Shi'ites in Quetta, capital of Pakistan's Balochistan province, spent three nights in freezing cold with the bodies of their slain loved ones at one of the city's main intersections—in defiance of their own traditions of speedy burial—to demand action in the face of a wave of terror taregting their community. The bodies were those of 83 people killed last week in coordinated bomb attacks on a Shi'ite neighborhood—the latest in a wave of such attacks across Pakistan. The bodies were finally buried Jan. 14 under heavy security, as mourners chanted slogans against the security forces for their failure to protect them.

What great timing. On Aug. 16, Defense Secretary Leon Panetta spoke to reporters at the Pentagon about a new report from the Congressional Research Service entitled "Pakistan's Nuclear Weapons: Proliferation and Security Issues" (online as a PDF at the Federation of American Scientists). Panetta said: "The great danger we've always feared is that if terrorism is not controlled in their country then those nuclear weapons could fall into the wrong hands." That same day, militants from the Tehreek-e-Taliban Pakistan attacked Minhas Air Force Base near Kamra, outside Islamabad—a site where aviation research takes place, and is believed to be closely linked to Pakistan's nuclear program. Nine attackers and one guard were killed, a senior officer injured, and a surveillance plane damaged. It was the fourth and most audacious attack on the base. Pakistan Taliban spokesman Ahsanullah Ahsan claimed responsibility, saying it was revenge for the death of leader Baitullah Mehsud in a US drone strike in 2009, and the commando raid that killed Osama bin Laden last year.

Regional security has been seen as the biggest challenge for the planned trans-Afghan gas pipeline—officially the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project, which would pass the war-torn Afghan provinces of Herat and Kandahar as well as Pakistan's restive Baluchistan province. But recent reports of a rival pipeline project being negotiated between China, Turkmenistan and Afghanistan may pose a more fundamental threat to the TAPI. On June 6-8, on the sidelines of the Shanghai Cooperations Organization summit in Beijing, Afghan President Hamid Karzai met with Chinese President Hu Jintao and China National Petroleum Corporation's (CNPC) head Jiang Jiemin to discuss the proposal. CNPC offered to conduct a technical and economic feasibility study for the proposed project on Afghan and Tajik territories. That the route would avoid the conflicted Pashtun-dominated areas of southern Afghanistan, making the project more attractive for investors. India's Institute for Defence Studies and Analyses says the Chinese pipeline could undermine the TAPI "akin to the manner in which TAPI played spoiler to the Iran-Pakistan-India (IPI) pipeline project." (IDSA, July 31)