Shehbaz Sharif becomes prime minister of Pakistan, nation politically divided and in economic crisis

This handout photograph taken and released on March 3, 2024 by the Pakistan National Assembly, shows Pakistan's former Prime Minister Nawaz Sharif (front L) and leader of the Pakistan Muslim League (PML-N) party greeting his younger brother and newly-elected Pakistan's Prime Minister Shehbaz Sharif at the Parliament House in Islamabad. (Photo courtesy: Pakistan National Assembly)
Short Url
Updated 03 March 2024
Follow

Shehbaz Sharif becomes prime minister of Pakistan, nation politically divided and in economic crisis

  • PM Sharif lists frail economy and precarious security situation as challenges in his maiden speech, vows to fix them through ‘strong will’
  • Political analysts urge PM to constitute parliamentary committee to probe vote-rigging claims as opposition demands release of members

ISLAMABAD: Pakistan’s newly elected lower house of parliament on Sunday elected Shehbaz Sharif as prime minister for a second time, putting him back in a role he had stepped down from ahead of general elections on Feb. 8.
Sharif, the candidate for his Pakistan Muslim League-Nawaz (PML-N) and coalition allies, secured a comfortable win over Omar Ayub of the Sunni Ittehad Council (SIC), backed by the Pakistan Tehreek-e-Insaf (PTI) party of jailed former PM Imran Khan.
Elections last month threw up a hung National Assembly and have been followed by weeks of protests by opposition parties over allegations of rigging and vote count fraud.
In his first speech as PM, Sharif, 72, spoke of Pakistan’s burgeoning debt, saying it would be his government’s top priority to resolve the economic woes of the nation of 241 million people.
“The parliament that we are sitting in, even the expenses of its proceedings are being paid through loans … Your salary and the salaries of all these people are being paid through loans,” the new PM said, as PML-N lawmakers cheered and opposition members chanted slogans against the leader of the house.

“We will make Pakistan great and raise our heads high and move forward.” 
General visitors were not allowed into the session as speaker canceled the passes to avoid any untoward incident in view of political polarization in the country.
Sharif, the younger brother of former three-time premier Nawaz Sharif, played a key role in keeping together a coalition of disparate parties for 16 months after parliament voted Imran Khan out of office in April 2022, and in securing a last gasp International Monetary Fund (IMF) bailout deal in 2023.

“CHALLENGES”
Independent candidates backed by Khan gained the most seats, 93, after the elections, but the PML-N and the Pakistan Peoples Party (PPP) of the Bhutto dynasty agreed to an alliance to form a coalition government on Feb. 20. No single party won a majority.
The Sunni Ittehad Council backed by Khan alleges that the election was rigged against it and has called for an audit of the polls. Lowering political temperatures will thus be a key challenge for Sharif as Khan maintains mass popular support in Pakistan, and a continued crackdown on his party and his remaining in jail would likely stoke tensions at a time when stability is needed to attract foreign investment to shore up the economy.
Sharif’s main role will also be to maintain ties with the military, which has directly or indirectly dominated Pakistan since independence. Unlike his elder brother, who has had a rocky relationship with the military in all his three terms, the younger Sharif is considered more acceptable and compliant by the generals, most independent analysts say.
For several years, the military has denied it interferes in politics. But it has in the past directly intervened to topple civilian governments three times, and no prime minister has finished a full five-year term since independence in 1947.
Sharif also takes over at a time when the new government will need to take tough decisions to steer the country out of financial crisis, including negotiating a new bailout deal with the IMF. The current IMF program expires this month. A new program will mean committing to steps needed to stay on a narrow path to recovery, but which will limit policy options to provide relief to a deeply frustrated population and cater to industries that are looking for government support to spur growth.
Inflation touched a high of 38 percent with record depreciation of the rupee currency under Sharif’s last government, mainly due to structural reforms necessitated by the IMF program. Pakistan continues to be enmeshed in economic crisis with inflation remaining high, hovering around 30 percent, and economic growth slowing to around 2 percent.
Other big moves by Sharif will include the privatization of loss-making state-owned enterprises such as the flagship carrier Pakistan International Airlines (PIA). The Sharifs have close ties with rulers in Saudi Arabia and Qatar, which could help in securing investments in several projects Pakistan has lately showcased for sale.
Although defense and key foreign policy decisions are largely influenced by the military, Sharif will have to juggle relations with the US and China, both major allies. He is also faced with dealing with fraying ties with three of Pakistan’s four neighbors, India, Iran and Afghanistan.
Pakistan is also facing a troubling rise in militancy, which Sharif’s government will have to immediately tackle.
“There are certainly difficulties but nothing is impossible if there is a will to do,” Sharif said in his maiden speech.
“It is a long journey, thorny journey, full of hurdles but those nations who surmounted these huge obstacles, they became again, one of the most growing nations around the world.”
Speaking on the floor of the house, Ayub described the Feb 8 election as a “selection,” claiming the coalition knew that his party’s mandate was stolen in polls.
“You talk about rule of law, but you never even enforced rule of law,” he said, referring to the prime minister.
He said more than 10,000 PTI workers and supporters were behind bars in the country and called for the release of his party’s leadership, including Khan and his wife Bushra Bibi, saying they were all “political prisoners.”
Political analysts have urged all parliamentary parties, including the PTI-SIC opposition alliance and the government’s coalition partners, to sit together in parliament to devise a strategy to overcome the looming challenges for the good of the people.
“The government should constitute a parliamentary committee to investigate the rigging allegations to the satisfaction of the opposition,” Sohail Warraich, a political analyst and television host, told Arab News.
“Pakistan is faced with multiple challenges, including political and economic instability, therefore the political forces should join their hands to address these crises, instead of quarrelling and hooting in parliament,” he said.
“This is just the start of the new government, so let’s hope for the best.”
“CAN-DO ADMINISTRATOR”
Sharif, born in the eastern city of Lahore, belongs to a wealthy Kashmiri-origin family that was in the steel business. He started his political career as the chief minister of Punjab in 1997 with a signature “can-do” administrative style. Cabinet members and bureaucrats who have worked closely with him call him a workaholic.
As chief minister, the younger Sharif planned and executed a number of ambitious infrastructure mega-projects, including Pakistan’s first modern mass transport system in Lahore.
He was caught up in the national political upheaval when his brother was ousted from the premiership by a military coup in 1999 and he went into exile in Saudi Arabia.
Sharif entered the national political scene again when he became the chief of the PML-N after the elder Sharif was found guilty in 2017 on charges of concealing assets related to the Panama Papers revelations. The Sharifs have been emboriled in multiple corruption cases over the decades, which they say are politically motivated.
Married twice, Shehbaz Sharif has two sons and two daughters from his first marriage. Only one of his sons, Hamza, is in politics and was briefly CM of Punjab in 2023.

With inputs from Reuters


Pakistan government open to talks with Imran Khan’s party, refuses to allow Nov. 24 protest

Updated 58 min 29 sec ago
Follow

Pakistan government open to talks with Imran Khan’s party, refuses to allow Nov. 24 protest

  • Interior Minister Mohsin Naqvi says negotiations cannot take place amid ‘threats’ from PTI
  • He says it is not possible to allow a rally in Islamabad ahead of a Belarusian delegation visit

ISLAMABAD: Pakistan’s Interior Minister Mohsin Naqvi on Thursday suggested the government was open to talks with former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party but ruled out allowing its planned protest in Islamabad on November 24, ahead of a high-level visit by a Belarusian delegation.
The PTI has announced a “long march” to Islamabad on November 24, primarily demanding the release of Khan, who has been imprisoned since August last year on charges the party contends are politically motivated.
Additionally, the party’s protest is also meant to raise its voice against alleged rigging in the February 8 general elections while calling for measures to ensure judicial independence, which it believes has been undermined by the 26th constitutional amendment.
On Monday, Islamabad’s district magistrate imposed a two-month-long ban on gatherings of more than five people in the capital, invoking Section 144 of the Code of Criminal Procedure. This provision allows the government to prohibit political assemblies, rallies, demonstrations, sit-ins and other activities for a specified period.
Addressing the media in Islamabad, the interior minister said the government was fully prepared to stop the protest, with Punjab police, Rangers and Frontier Constabulary (FC) troops assisting the Islamabad police in operational duties.
“Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur and Barrister Gohar Khan met Imran Khan twice in the past two days,” Naqvi said, amid speculation that the PTI leaders discussed the option of negotiating with the government. “If they wish to initiate talks [with the government], they should do it. If they want to hold talks, they should tell us.”
The minister added, however, that no talks were possible if the PTI headed to Islamabad and “wielded sticks against us” on November 24.
“Let me tell you one thing: negotiations don’t take place with threats, though I personally feel talks should take place between everyone,” he said.
In response to a question, Naqvi clarified that no talks were currently underway with Khan, who is facing a new case related to violence at a PTI rally that took place in September while the ex-premier was in jail.
Highlighting the upcoming visit of Belarus President Alexander Lukashenko and his 10 cabinet ministers to Pakistan on a three-day visit next week, Naqvi said no permission could be granted for any rally or protest in the federal capital.
He added that a decision on whether to suspend mobile signals in Islamabad ahead of the protest would be finalized by Friday night.
Just a day earlier, it emerged that Pakistan’s interior ministry had authorized the deployment of paramilitary Punjab Rangers and FC forces in Islamabad since November 7 to maintain law and order.
Pakistan’s parliament also passed a law earlier this year to regulate public gatherings in Islamabad, specifying timings for rallies and designating specific areas. The law prescribes three-year jail terms for participants in illegal assemblies and 10-year imprisonment for repeat offenders.
 


Pakistani stocks surge past 97,000 as investor confidence grows on economic reforms

Updated 21 November 2024
Follow

Pakistani stocks surge past 97,000 as investor confidence grows on economic reforms

  • Analysts attribute rally to strong economic data, rising optimism over government reforms
  • Stock market has remained bullish since the government slashed policy rate in November

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Thursday gained 1,700 points, surging past the 97,000 mark during intra-day trading for the first time, with analysts attributing the rally to strong economic data and rising investor optimism over government reforms.
The benchmark KSE-100 index rose by 1,781.94 points, or 1.86 percent, to close at 97,328.39. It touched an unprecedented peak of 97,437.15 during intra-day trading.
Analyst Ahsan Mehanti of Arif Habib Corporation said surging foreign exchange reserves and speculations over the government’s decisions on economic reforms and privatization “played a catalyst role in the record surge at the PSX.”
“Stocks are bullish, led by scrips across the board as investors weigh a drop in government bond yields and robust economic data for current account surplus, remittances, exports and foreign direct investments,” Mehanti told Arab News.
In October, Pakistan’s external current account recorded a surplus of $349 million, marking the third consecutive month of surplus and the highest in this period. The current account reflects a nation’s transactions with the world, encompassing net trade in goods and services, net earnings on cross-border investments and net transfer payments.
A surplus indicates that a country is exporting more than it is importing, thereby strengthening its foreign exchange reserves.
A bullish trend has been observed in the stock market since Pakistan’s central bank cut its key policy rate by 250 basis points, bringing it to 15 percent earlier this month. Economic indicators have also steadily improved since securing a 37-month, $7 billion bailout from the International Monetary Fund (IMF) in September.
In the past, the country faced a prolonged economic crisis that drained its foreign exchange reserves and saw its currency weaken amid double-digit inflation. Last year, Pakistan narrowly avoided a sovereign default by clinching a last-minute $3 billion IMF bailout deal.


Saudi mission in Pakistan condemns militant attack that killed 12 soldiers this week

Updated 21 November 2024
Follow

Saudi mission in Pakistan condemns militant attack that killed 12 soldiers this week

  • The embassy extends condolences to victims’ families and the Pakistani people in a statement
  • The statement reiterates the kingdom’s position ‘rejecting all forms of violence and terrorism’

ISLAMABAD: The Saudi embassy in Pakistan on Thursday condemned a militant attack on a joint security checkpoint in the northwestern Khyber Pakhtunkhwa province that killed 10 army soldiers and two Frontier Constabulary (FC) personnel, extending condolences to the victims’ families and the Pakistani people.
The attack, which occurred on Tuesday, targeted a joint army and paramilitary check post in the Mali Khel area of Bannu District, where militants detonated an explosive-laden vehicle after troops repelled their attempt to storm the post, according to the Pakistan military. Six militants were killed during the exchange of gunfire that followed.
“The Embassy expresses the Kingdom of Saudi Arabia’s condemnation of the attack on a joint checkpoint in the city of Bannu in the Khyber Pakhtunkhwa province of Pakistan, which resulted in the death and injury of a number of people,” the Saudi diplomatic mission in Islamabad said in a statement.
“The Embassy reiterates the Kingdom’s position rejecting all forms of violence and terrorism,” it added. “The Embassy extends its deepest condolences and sincere sympathy to the families of the victims, the government and the people of Pakistan, and wishes the injured a speedy recovery.”
Pakistan’s northwestern Khyber Pakhtunkhwa province has experienced a resurgence of militant violence in recent months, with a growing number of attacks on security forces and infrastructure despite the country’s efforts to combat militancy.
The region has long been a hotspot for insurgent activity, with militants frequently targeting military and paramilitary personnel.
Saudi Arabia has consistently expressed its support for Pakistan’s fight against extremist violence, emphasizing the importance of international cooperation to tackle militancy and ensure regional stability.


Imran Khan remanded to police for five days in case involving violence at Rawalpindi rally 

Updated 21 November 2024
Follow

Imran Khan remanded to police for five days in case involving violence at Rawalpindi rally 

  • Main charges include terrorism, vandalism, destruction of property, attempted murder 
  • Khan, jailed since August 2023, claims all charges against him are politically motivated

ISLAMABAD: A Pakistani lower court has remanded former prime minister Imran Khan to Rawalpindi police for interrogation for five days in a case pertaining to violence at a rally organized by his Pakistan Tehreek-e-Insaf (PTI) party in September, the party said on Thursday.

Khan was arrested in the rally case on Wednesday night, hours after the Islamabad High Court had granted him bail in another case that has popularly come to be called the new Toshakhana case, filed in July and involving a jewelry set worth over €380,000 gifted to the former first lady by a foreign dignitary when Khan was prime minister from 2018-2022. The couple was accused of undervaluing the gift and buying it at a lesser price from the state repository. Both deny wrongdoing. 

Khan has been in jail since August last year following his conviction in four cases, two of which have been suspended, including an original one relating to state gifts, and he was acquitted in the rest.

“An anti-terrorism court granted a five-day physical remand to Rawalpindi police in the first information report (FIR) registered on Sep. 28,” the PTI party said in a statement. “The FIR surfaced last night and Rawalpindi police declared the arrest shortly afterwards.”

The PTI party added that arresting a suspect in a case registered in September right after he was granted bail in another case was an “absolute mockery of the law.”

The police report of the case lists terrorism, attempted murder, vandalism, destruction of public and state property, and interference in government operations as the main charges. It says participants of the PTI rally created unrest, obstructed public access by burning tires and caused difficulties for citizens.

It also charged PTI leaders and supporters with raising anti-government slogans, hurling stones at the police and attacking them with iron rods during the protest. PTI rallygoers damaged several police vehicles and one police officer was injured, the report adds.

Khan was in prison when the Sept. 28 rally took place. The former premier denies any wrongdoing and alleges all the cases registered against him since he was removed from power in 2022 were politically motivated to keep him in jail.

His PTI party is staging a “long march” to the capital city, Islamabad, on Nov. 24, aiming to pressurise the government to release him.
 


Pakistan urges action after UN labels Israel’s war in Gaza consistent with genocide

Updated 21 November 2024
Follow

Pakistan urges action after UN labels Israel’s war in Gaza consistent with genocide

  • The UN report pointed at high civilian casualties, Israel’s use of starvation as a weapon of war
  • Pakistan welcomes the report’s condemnation of Israel’s smear campaign against UN agencies

ISLAMABAD: Pakistan on Thursday urged the international community to hold Israel accountable for its conduct in Gaza, citing a recent United Nations report describing it as consistent with genocide.
The UN Special Committee to Investigate Israeli Practices, established in 1968, released its latest findings on Nov. 14. The report highlights mass civilian casualties and widespread destruction in Gaza, pointing out the intentional imposition of life-threatening conditions on Palestinians, including starvation as a weapon of war.
It also called for immediate international intervention to address the humanitarian crisis and ensure accountability for violations of international law.
“We welcome the last, latest report of the UN Special Committee to Investigate Israeli Practices released last week,” foreign office spokesperson Mumtaz Zahra Baloch said during her weekly news briefing. “The report describes Israel’s warfare practices in Gaza as acts of genocide and documents millions of civilian casualties and grievous conditions intentionally imposed on Palestinians.”
“Pakistan welcomes the committee’s condemnation of the ongoing smear campaign and attacks against UNRWA [United Nations Relief and Works Agency] and the United Nations, and supports its call on all member states to uphold their legal obligations to prevent and stop Israeli violations of international law and holding it accountable,” she added.
The UN report was released in the context of intensified violence in Gaza, where Israeli airstrikes and a crippling blockade have led to a deepening humanitarian catastrophe. According to the document, the systematic targeting of civilian infrastructure and essential supplies has compounded the suffering of millions of Palestinians.
Pakistan has consistently advocated for Palestinian rights and the two-state solution. It also expressed “deep regret” over the United States’ veto of a ceasefire resolution a day earlier, noting that Washington cast the “sole negative vote” among UNSC permanent members.