Pakistan’s new government: Who will be the key players?

Pakistan's former Prime Minister Nawaz Sharif (C) and leader of the Pakistan Muslim League (PML) party, along with his younger brother and ex-PM Shehbaz Sharif (R) and his daughter Maryam Nawaz (L) attend a gathering with supporters in Lahore on February 9, 2024, a day after Pakistan's national elections. (AFP)
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Updated 14 February 2024
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Pakistan’s new government: Who will be the key players?

  • Nawaz Sharif has opted not to be prime minister and nominated brother Shehnaz as PM candidate of coalition government 
  • Asif Ali Zardari widely expected to become president, Maryam Nawaz Sharif could be first women chief minister of Punjab

ISLAMABAD: Following days of political uncertainty after general elections on Feb. 8, the party of Pakistan’s former prime minister Nawaz Sharif and its allies have announced they will jointly form a coalition government.
According to official results, the allied parties together hold 152 general seats in the National Assembly and are expected to surpass the simple majority mark of 169 members after securing their share of reserved seats. Along with the 266 directly elected seats in the National Assembly, parties are allocated 70 reserved seats — 60 for women, 10 for non-Muslims — in proportion to the number of seats won. This completes the National Assembly’s total 336 seats. Independents are not eligible for reserved seats.
The specifics of the new government will emerge in the coming days but it is clear that former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party will be in opposition, despite candidates backed by it winning the largest number of seats, 92, in the National Assembly.
The following people are expected to play a key role in the next administration:
Nawaz Sharif
Having buried a long-running feud with the country’s powerful military, most independent analysts believed three-time former prime minister Nawaz Sharif was the front-runner to lead the country. 
However, after his Pakistan Muslim League-Nawaz (PML-N) did not win enough seats to form a simple majority in parliament — it got 79 seats — it announced it would form a coalition government with allies, including the Pakistan Peoples Party (PPP), which got 54 seats. Sharif stepped aside and his younger brother Shehbaz was announced as the coalition set-up’s prime minister candidate. Analysts say the decision reflects Nawaz’s reluctance to navigate the complexities of a coalition government with a limited mandate for his PML-N.
However, despite stepping back from the top slot, Sharif, as the PML-N’s founding leader and a key figure in the coalition, is expected to wield significant influence in shaping policies and guiding the coalition’s direction from behind the scenes. 




Former Prime Minister of Pakistan Nawaz Sharif speaks at the party office of Pakistan Muslim League (N), at Model Town in Lahore, Pakistan, February 9, 2024. (REUTERS)

“If it is being deduced that Nawaz Sharif is avoiding politics by not accepting the post of Prime Minister, then there is no truth in it. In the next 5 years, he will not only do vigorous politics, but will patronize his governments in the Federation and Punjab, God willing,” his daughter Maryam Nawaz Sharif, the candidate for chief minister Punjab, said on X.
“In the three governments of Nawaz Sharif, the people gave a clear majority and he has made it clear in his election speeches that he will not be a part of any coalition government. Those who are devoted to Nawaz Sharif’s temperament know the principled stand of Nawaz Sharif. Shehbaz Sharif [Sharif’s younger brother] and I are his soldiers, bound by his orders and will work under his leadership and supervision.”

The 74-year-old chief of the PML-N returned from a four-year self-imposed exile in the United Kingdom late last year to lead his party in elections. His convictions for corruption — which he denies — and a lifetime ban from politics were overturned by courts after his return.
Shehbaz Sharif
Shehbaz Sharif, 72, is the younger brother of Nawaz Sharif, and led a coalition government for 16 months following the ouster of Imran Khan in 2022 until parliament was dissolved and a caretaker government took over in August to prepare for national elections.




Pakistan's former Prime Minister and leader of the Pakistan Muslim League-Nawaz (PML-N) party Shehbaz Sharif speaks during a press conference in Lahore on February 13, 2024. (AFP)

He has previously served multiple times as chief minister of Punjab, Pakistan’s most populous province, cementing his reputation as an efficient administrator. He has worked closely with China on Beijing-funded projects in the last decade and helped Pakistan avert a financial crisis last year by striking a deal with the International Monetary Fund after tenuous, delayed negotiations for another bailout package.
Shehbaz’s expected return to the prime ministerial role may involve balancing the demands of coalition partners and ensuring cohesive governance while also leveraging his diplomatic skills and administrative experience to foster unity and progress within the multiparty setup. He will take over a country faced with a crippling economic crisis, record high inflation, slow growth and a surge in militancy.
Asif Ali Zardari
Asif Ali Zardari, the co-chairman of the Pakistan Peoples Party (PPP) and the widower of the late prime minister Benazir Bhutto, is widely expected to become the new president. 




Pakistan's former President Asif Ali Zardari (3R) of Pakistan Peoples Party (PPP) casts his ballot to vote during the country's national elections at a polling station in NawabShah of Sindh province on February 8, 2024. (AFP)

Zardari, previously behind the scenes of Pakistani politics, came into the political centerstage after the assassination of his wife in 2007, leading him to the presidency of Pakistan from 2008-2013. Known for political maneuvering, he is expected to play a pivotal role in the new set-up and ensure that the PPP party’s interests are well-represented.
Maryam Nawaz Sharif
Maryam Nawaz Sharif, the daughter of Nawaz Sharif, plays an influential role in the PML-N party, and has been presented by her father as his political heir-apparent. She is senior vice president of the party.




Maryam Nawaz, the daughter of Pakistan's former Prime Minister and leader of Pakistan Muslim League Nawaz (PMLN) party Nawaz Sharif waves to her supporters during an election campaign rally at Mansehra in Khyber Pakhtunkhwa province on January 22, 2024. (AFP)

She is now set to chart a new course in her political career, potentially becoming the first woman chief minister of Punjab, arguably the most important political appointment in the country after the PM. However, Maryam’s lack of prior administrative experience presents challenges, but analysts say these can be overcome with the support of an experienced advisory team, which includes veteran politicians from the Sharif dynasty, including her father and uncle. 
Bilawal Bhutto-Zardari
Bilawal Bhutto-Zardari, the 35-year-old son of Benazir Bhutto and Asif Ali Zardari, was the country’s foreign minister until a caretaker government took over late last year. He became co-chairperson of the Pakistan Peoples Party in 2007 when he was still a teenager after his mother was assassinated in a gun and bomb attack at a rally.




Bilawal-Bhutto Zardari, Chairman of Pakistan People's Party speaks during a press conference regarding parliamentary elections, in Islamabad on February 13, 2024. (AP)

Bhutto-Zardari ran one of the most prominent campaigns in Feb. 8 elections, appearing throughout the country, saying he was focusing the country’s huge youth population and addressing impacts of climate change, which have wreaked havoc in his southern Sindh province. His adept handling of diplomatic affairs as foreign minister has bolstered his reputation as a capable leader and he is expected to be a major player in the new coalition.


Pakistan to launch indigenous satellite to predict disasters, monitor resources on Jan. 17

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Pakistan to launch indigenous satellite to predict disasters, monitor resources on Jan. 17

  • Electro-Optical (EO-1) satellite can provide timely updates on floods, landslides and earthquakes, says state media 
  • Satellite can also support conservation strategies by monitoring minerals, oil and gas fields, and glacier recession

ISLAMABAD: Pakistan’s national space agency announced on Monday that it would launch the country’s first indigenous Electro-Optical (EO-1) satellite on Jan. 17, state-run media reported, to help enhance monitoring of natural disasters and manage natural resources efficiently. 

The EO-1 satellite will be launched from China’s Jiuquan Satellite Launch Center, the state-run Associated Press of Pakistan (APP) reported. It added that its launch represents the Space and Upper Atmosphere Research Commission’s (SUPARCO) dedication and expertise in advancing Pakistan’s technological capabilities in space science.

The state media said the satellite will enhance the country’s ability to monitor and manage natural resources, predict and respond to natural disasters, support food security and drive economic growth through informed decision-making and sustainable development.

“The EO-1 satellite offers substantial benefits across various sectors in Pakistan,” APP said. “In agriculture, it will enable precision farming by monitoring crops, assessing irrigation needs, predicting yields and supporting food security initiatives.”

The report said that in urban development, the satellite can help in tracking infrastructure growth, managing urban sprawl and aiding city and regional planning efforts. 

“In environmental monitoring and disaster management, it will provide timely updates on floods, landslides, earthquakes, deforestation, and land erosion,” it added. 

The EO-1 satellite will also support extraction and conservation strategies for natural resources, such as the monitoring of minerals, oil and gas fields, glacier recession and water resources.

“The launch of the EO-1 satellite marks a momentous milestone in Pakistan’s space journey,” APP said. 

Pakistan has taken strides in its space research program in the past few months. In November 2024, SUPARCO announced its rover will join China’s Chang’E 8 mission to explore the moon’s surface in 2028.

In May 2024, Pakistan launched its first lunar satellite aboard China’s Chang’e-6 probe, which was tasked with landing on the far side of the moon that perpetually faces away from the Earth. China was the first country to make such an ambitious attempt.


Academy award winner Sharmeen Obaid-Chinoy launches YouTube film series on hate speech

Updated 24 min 11 sec ago
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Academy award winner Sharmeen Obaid-Chinoy launches YouTube film series on hate speech

  • ‘Facets of Hate Speech’ includes five films that will be released between Jan.13-17
  • Sharmeen has won two Oscars for films on acid violence survivors, honor killings

ISLAMABAD: Two-time Academy Award winner Sharmeen Obaid-Chinoy’s SOC Films has announced the launch of its latest campaign, “Facets of Hate Speech,” a YouTube series of five films that aim to spark a “new dialogue” around hate speech in Pakistan, with the first movie releasing today, Monday. 

The films feature activists, experts, and officials commenting on issues like cyber harassment, the backlash against Pakistan’s women’s rights movement and blasphemy laws, among other issues. 

“This campaign is a crucial step in confronting the grave threat of hate speech which has deeply woven itself into the fabric of Pakistani society— an alarming reality that challenges the future we envision for our country,” Obaid-Chinoy said in a statement.

“Hate speech fuels intolerance, discrimination, and violence. It silences dissent, undermines human rights, and jeopardizes the very foundation of a just and equitable society. Through this series, we aim to give voice to the victims of hate speech, amplify the voices of those working tirelessly to combat it, and inspire action for a more inclusive, and tolerant Pakistan.”

The first film in the series, releasing on Jan. 13, will delve into the rise of cyber harassment in Pakistan, focusing on its “devastating impact” on women and the urgent need for stronger legal protections and increased online safety measures.

Another film will examine the backlash faced by the Aurat March, a powerful women’s rights movement in Pakistan. The film will be released on Jan. 14. 

A third film will shed light on the “perilous landscape” surrounding blasphemy laws in Pakistan, focusing on the tragic case of Rashid Rehman, a lawyer murdered for defending an individual accused of blasphemy. 

“It explores the immense personal, legal, and societal challenges faced by defense lawyers in such sensitive cases and highlights the urgent need for reforms to protect human rights defenders,” the SOC press release said, saying the film would be out on Jan. 15. 

The last two films, releasing on Jan. 16 and 17 respectively, will focus on hate speech directed at the country’s transgender community and the “disturbing phenomenon of mob violence” in Pakistan.

“It delves into the tragic case of Priyantha Kumara, a Sri Lankan factory manager who was brutally lynched by a mob in Sialkot, and explore the root causes of this horrific incident, including the role of hate speech in inciting violence,” SOC said about the last film in the series.

Obaid-Chinoy is best known for winning an Oscar, Pakistan’s first, for her 2012 documentary ‘Saving Face,’ which focused on survivors of acid violence. In 2016, ‘A Girl in the River: The Price of Forgiveness,’ won Obaid-Chinoy a second Oscar for Best Documentary, Short Subject , at the 88th Academy Awards. 

In April 2023, Disney officially announced during the Star Wars Celebration convention that Obaid-Chinoy would direct the next film in the series, set 15 years after the events of The Rise of Skywalker, and with Daisy Ridley back as Rey.
 


PM Sharif orders probe as bomb blast in southwestern Pakistan kills 1

Updated 13 January 2025
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PM Sharif orders probe as bomb blast in southwestern Pakistan kills 1

  • Incident follows Jan. 4 blast near Turbat city that killed five paramilitary soldiers, injured over two dozen others
  • Mineral-rich Balochistan province, which shares borders with Iran and Afghanistan, has faced insurgency for decades

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Monday ordered authorities to investigate a roadside bomb blast in the country’s southwestern Turbat city that killed one person, vowing to bring the culprits to book and continue the state’s war against militants. 

The incident follows the Jan. 4 blast near Turbat when at least five paramilitary soldiers were killed and over two dozen others injured after a vehicle-borne improvised explosive device targeted a bus carrying security personnel. 

Monday’s roadside bomb blast in Turbat killed one person, state broadcaster Radio Pakistan reported. No group has so far claimed responsibility for the incident. 

“Prime Minister Shehbaz Sharif condemns the roadside bomb blast in Turbat,” a statement from Sharif’s office said. “The prime minister has directed the incident be investigated.”

Sharif said those responsible for the blast should be immediately identified and punished. 

“We will continue the war against terrorism until Pakistan is cleansed of it,” Sharif said. “Those who carry out such terrorist activities are enemies of the development of Balochistan.”

Balochistan, a mineral-rich province sharing borders with Iran and Afghanistan, has faced an insurgency for decades, which has intensified in recent years. The Baloch separatists accuse the Pakistani state of exploiting the region’s resources without adequately benefiting its population. 

However, Pakistani governments deny the allegations, saying they have launched several development projects to promote prosperity and improve the lives of residents in the province.

The Balochistan Liberation Army (BLA), with a strong presence in Balochistan, has emerged as a major threat to the state, carrying out deadly attacks, including suicide bombings, to target Pakistani security forces. 

According to provincial administration data, Balochistan witnessed a dramatic surge in militant violence in 2024, resulting in about 300 deaths in over 550 attacks.


Pakistani fintech operator partners with UAE group to provide financial solutions in Emirates

Updated 13 January 2025
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Pakistani fintech operator partners with UAE group to provide financial solutions in Emirates

  • Partnership to help customers in United Arab Emirates access earned wages prior to scheduled payroll date
  • Move “significant step” in providing flexible financial solutions to unbanked individuals, says Pakistani fintech 

KARACHI: An emerging fintech operator in the Middle East and Pakistan, Abhi, announced on Monday it has partnered with UAE’s Al Ansari Financial Services to provide financial solutions to banked and unbanked communities in the UAE. 

Abhi is a Pakistani fintech company that provides employers an opportunity to withdraw their earned salary any day through its Earned Wage Access (EWA) facility and other products. Founded in 2021, Abhi has been serving customers in Pakistan, UAE and Bangladesh through its credit-bridging products. 

Al Ansari Financial Services is a UAE-based financial services ecosystem that enables the mobility of money locally and globally. For almost 60 years, the group says it has enabled tourists, residents and businesses to transfer and exchange money and conduct payments effectively.

“In a move set to reshape the financial landscape, Al Ansari Financial Services one of the leading integrated financial services groups in the UAE announces its strategic partnership with Abhi Middle East Limited, the region’s largest embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO), to broaden the spectrum of financial solutions available to consumers, ensuring a seamless service experience across the board,” Abhi said in a statement. 

The alliance will provide EWA and Send Now, Pay Later (SNPL) services to complement Al Ansari Financial Services’ existing portfolio from the second quarter of this year, Abhi said. The alliance will help address the varied needs of both unbanked and underbanked communities in the UAE, it added. 

The statement said that the solutions would be gradually introduced across multiple platforms to ensure easy and convenient access for customers, allowing for a smooth integration and enhanced user experience of the financial services.

“Abhi, a pioneer in earned wage access and technology-driven financial solutions, will be providing a technology platform and operational framework that will enable Al Ansari Financial Services’ customers to access their earned wages prior to the scheduled payroll date, in addition to allowing the unbanked and underbanked customers to remit funds internationally instantly while deferring payment,” Abhi said. 

It said Al Ansari will identify eligible customers for both services. 

“This partnership aligns with our ongoing mission to enhance financial accessibility and provide flexible solutions that cater to diverse financial needs,” Mohammad Bitar, group deputy CEO of Al Ansari Financial Services, said in a statement. 

Omair Ansari, co-founder and CEO of Abhi Middle East Limited, said the partnership is a “significant step” in providing unbanked individuals with flexible financial solutions. 

“Through the introduction of Earned Wage Access and Send Now, Pay Later in the UAE, we aim to address real-world financial challenges, offering tools that empower individuals to take control of their finances,” Ansari said. 


Pakistan preparing to debut yuan-denominated bonds this year, finance minister says

Updated 13 January 2025
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Pakistan preparing to debut yuan-denominated bonds this year, finance minister says

  • Pakistan planning to raise $200 million to $250 million from Chinese investors over next six to nine months
  • Government is optimistic it will meet the terms for an ongoing $7 billion IMF loan, finance minister says

ISLAMABAD: Pakistan is preparing to debut yuan-denominated bonds this year to shore up finances, Finance Minister Muhammad Aurangzeb told Bloomberg in an interview Monday, saying his government remained optimistic it would meet the terms of an International Monetary Fund bailout program.

The South Asian nation is planning to raise up to $250 million from Chinese investors over the next six to nine months, Aurangzeb said of the plan that comes as Pakistan’s sovereign rating has been upgraded recently by all three credit agencies. Aurangzeb said he expected further upgrades, and the challenge was to get into a “single-B” category, which would allow the country to return to global bond markets to raise funds.

“The country is very keen to tap the Panda bonds and the Chinese capital markets,” Aurangzeb said on the sidelines of the Asian Financial Forum in Hong Kong. “We have been remiss as a country not to tap it previously.”

The latest figure is slightly lower than the $300 million the finance minister was targeting in a March 2024 interview. China International Capital Corporation is advising Pakistan on the issuance of Panda bonds, Aurangzeb said.

Pakistan has enjoyed some stability from two years ago when an IMF bailout deal was in limbo and inflation and interest rates were above 20 percent. The government is optimistic it will meet the terms for an ongoing $7 billion loan, the finance minister said. 

The IMF, which is scheduled to visit Pakistan next month, wants Pakistan to broaden its tax base and reach a tax-to-GDP ratio of 13.5 percent, from 10 percent in December, Aurangzeb said.

“We are well on our way to achieve that target, not only because the IMF is saying that but because from my perspective the country needs to get into that benchmark to make our fiscal situation sustainable,” he said.

After Pakistan clinched the IMF bailout last year, it has been getting some reprieve, including from cooling inflation that provides space for policymakers to cut borrowing costs further and help prop up a nation that remains hammered by structural weaknesses. Stronger remittances, a bright spot, have also helped shore up currency reserves.

The rupee, as a result, rose about 2 percent in 2024, among best performers in emerging markets. The benchmark stock index outperformed nearly all other equities markets last year.

Pakistan still remains in a tough spot.

The government has to increase taxes to secure a fresh $1 billion loan tranche from the IMF or miss the lender’s tax revenue requirement for fiscal year ending June 2025 which could put the bailout at risk, Bloomberg Economics’ Ankur Shukla said in a note on Jan. 8.

Having gone through 25 loan programs over half a century, Pakistan must institute durable reforms in key areas of the energy sector, tax collection and state-owned enterprises to end a cycle of indebtedness, Aurangzeb told an IMF forum in October.

On Monday, Aurangzeb said the nation’s gross domestic product would probably expand 3.5 percent in the fiscal year ending June. Pakistan had set a 3.6 percent economic growth target after a 2.5 percent expansion the prior financial year.

The State Bank of Pakistan, which has cut the benchmark rate to the lowest in more than two years, is scheduled to announce its decision on Jan. 27 while inflation is expected to stabilize within the target range of 5 percent–7 percent in the next 12 months.

“We are into that phase of stabilization,” Aurangzeb said. “Now where do we go from here? We have to focus on sustainable growth. We are now very focused on fundamentally changing the DNA of the economy to make it export-led.”