ISLAMABAD: Hafiz Naeem-ur-Rehman, the chief of the Jamaat-e-Islami party which has been holding a sit-in in the garrison city of Rawalpindi against inflation and high electricity costs, on Wednesday threatened to launch a civil disobedience movement if the government did not meet its demands.
Around 3,000 supporters of the religious political party, demanding that the government withdraw taxes on electricity to offset price hikes, have occupied a road in Rawalpindi since July 26, after being prevented by police from heading to the capital, Islamabad.
Several rounds of talks have been held between a government negotiating team and protest leaders but there has been no breakthrough so far.
“Our sit-in protest is continuing and we will march tomorrow [Aug. 8] on Murree Road [Rawalpindi], on Aug. 11 we will stage a sit-in protest outside the Chief Minister’s House in Lahore, on Aug. 12 we will protest in Peshawar, on Aug. 16 we will also hold a sit-in protest in Multan,” Rehman told reporters on Wednesday.
“We also have the option to call a strike. And if they [the government] still don’t change after all this, we also have the option to peacefully appeal to the people to not pay electricity bills. We don’t want things to get to that point.”
The government raised power prices 26 percent during the last fiscal year, which ended June 30, before tacking on another 20 percent increase on July 13. Officials say the increases were needed to meet conditions set by the International Monetary Fund for a $7 billion loan deal reached last month.
The government has also added a confusing bevy of taxes on top of the base price, adding up to a bill that has more than doubled for some Pakistanis.
“Striking is our democratic right, that we appeal to the people to peacefully shut down their businesses,” Rehman said. “Already they [government] have led to the collapse of people’s businesses.
Pakistani party holding protests against inflation threatens civil disobedience, new sit-ins
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Pakistani party holding protests against inflation threatens civil disobedience, new sit-ins
- Hafiz Naeem-ur-Rehman, chief of the Jamaat-e-Islami party, says will appeal to people not to pay electricity bills
- Around 3,000 supporters of the Jamaat-e-Islami have occupied a road in the garrison city of Rawalpindi since July 26
Pakistan says Trump election as US president won’t affect China ties
- FO spokesperson says Pakistan wants to strengthen and broaden relationship with US
- Says Pakistan and US maintain ties via mutual respect, confidence and non-interference
ISLAMABAD: Pakistan said on Thursday its relations with key longtime ally China would remain “unaffected” by Donald Trump winning the US presidential election, as Islamabad walks a diplomatic tightrope between the two global powers.
Pakistan maintains a delicate balance in its relations with China and the US. While aligned with the US for military cooperation and counter-terrorism efforts, Pakistan has strengthened economic ties with Washington’s rival China through initiatives like the China-Pakistan Economic Corridor (CPEC).
Washington and Beijing’s ties remain strained as they compete for global influence, with the US seeking to maintain its dominance and China aiming to expand its reach. The two countries are often embroiled in disagreements over trade, Taiwan, the South China Sea and China’s Belt and Road Initiative.
This complex rivalry impacts Pakistan as it navigates its strategic partnerships with both world powers while grappling with a prolonged economic crisis.
“Pakistan’s relations with China are all-weather,” Foreign Office Spokesperson Mumtaz Zahra Baloch said during a weekly press briefing when asked if Trump’s victory will affect the country’s China policy.
“They are strategic and a source of stability in our foreign policy.”
Baloch said Islamabad does not even need to consider the possibility that its relationship with China will be affected by any domestic development in another country.
She stressed that Pakistan’s relations with China have grown and expanded over the last several decades, emphasizing that the relationship remained immune to developments around the world.
Baloch dismissed claims that President-elect Trump could influence Pakistan’s politics as speculative, emphasizing that Pakistan and the US were “old friends” maintaining relations based on mutual respect, confidence, and non-interference.
In response to another question, the spokesperson said President Asif Ali Zardari and Prime Minister Shehbaz Sharif had already congratulated President-elect Trump on his presidential election win.
“Our relations with the United States are decades old, and we look forward to further strengthen and broaden Pakistan-US relationship in all fields,” she added. “As the Deputy Prime Minister said in a tweet yesterday, we look forward to fruitful and mutually beneficial cooperation between Pakistan and the United States.”
Pakistan and the US cultivated strong defense ties during the Cold War days yet their relationship was also tested by divergent priorities on various issues.
However, tensions between the two countries escalated, particularly after 9/11, when US officials criticized Pakistan for not sufficiently supporting the American military efforts against the Taliban in Afghanistan.
Washington and Islamabad’s ties were further strained as the former suspected the latter of supporting the Taliban in its 2021 takeover of Kabul, allegations which Islamabad rejected. Tensions rose further in 2022 when former PM Imran Khan accused the Biden administration of orchestrating his ouster via a parliamentary vote, a charge the US denied.
Pakistan, under Shehbaz Sharif’s two separate stints as prime minister in 2022 and 2024, has made attempts to improve its ties with the US.
Pakistan rejects reports of joint military operation with Iran against Baloch militant group
- Militant outfit Jaish Al-Adl claimed Pakistani, Iranian forces killed 12 of its members in joint operation in Saravan on Tuesday
- Pakistani security forces conducted operation alone within its territory this week against smugglers, says FO spokesperson
QUETTA: Pakistan’s foreign office spokesperson on Thursday rejected reports that Islamabad and Tehran launched a joint military operation in the country’s southwestern border area this week to kill 12 militants, describing it as “fake news” despite a banned militant group claiming the action took place.
The spokesperson’s remarks followed militant outfit Jaish Al-Adl’s statement this week in which it claimed Pakistan and Iran’s forces on Tuesday carried out airstrikes against its fighters in the Iranian border city of Saravan, near Pakistan’s Panjgur district in Balochistan. It said the strikes killed 12 of its members and injured four others.
Iranian rights organization Halvash had also confirmed the development on social media platform X.
“First, I would like to state that this information is not correct. This is fake news,” Mumtaz Zahra Baloch, Pakistan’s foreign office spokesperson, said during her weekly press briefing.
“Statement by terror groups should not be taken seriously.”
Baloch, however, confirmed Pakistani security forces had conducted an operation west of Panjgur to root out smugglers in southwestern Balochistan province.
“The operation took place 30 kilometers within our territory against smugglers, and this was undertaken by Pakistani security forces alone,” she disclosed.
Balochistan Levies, a paramilitary force responsible for law and order in the restive province, confirmed they received reports of an attack in Koh e Sabz area located 70 kilometers from Panjgur city on Tuesday.
“Three people were injured in the attack but we don’t know who carried out the attack in the remotest bordering area,” Shakeel Ahmed, a Levies soldier in Panjgur, told Arab News.
Ahmed said the paramilitary force did not know how many people were killed in the attack since Levies did not receive any bodies in Panjgur.
A local journalist in Panjgur said three persons injured in the alleged attack on Tuesday belonged to Peshawar, Karachi and Washuk cities of Pakistan. He said they were brought to Panjgur for medical treatment.
“The government officials in the district did not confirm the attack yet,” he told Arab News, speaking on condition of anonymity.
HISTORY OF ROCKY RELATIONS
Pakistan and Iran have had a history of rocky relations despite a number of commercial pacts between the two countries, with Islamabad being historically closer to Washington.
One of Iran’s poorest regions, Sistan-Baluchestan on the border with Pakistan has long been plagued by unrest involving drug-smuggling gangs, rebels from the Baloch minority and religiously motivated militants.
Jaish Al-Adl or “Army of Justice” has claimed responsibility for several attacks on Iranian forces in Sistan and Baluchestan over the years, straining ties between the two Muslim-majority countries.
Pakistan and Iran came to the brink of war in January this year after both countries launched cross-border strikes against armed groups and their hideouts operating in border villages.
Regarding this week’s visit by Iran’s foreign minister to Islamabad, Baloch said both sides had agreed to strengthen coordination on border areas.
“Both sides agreed that we will cooperate to ensure that the border between Pakistan and Iran will be a border of peace and amity, and we will strengthen coordination on all aspects of border security,” she said.
Pakistan stock market closes above 92,000 points thrice in a row after policy rate cut
- KSE-100 index climbs 499 points or 0.54 percent to close at 92,520.48 points on Thursday
- Analysts say market responding to reduced interest rates, move to restart privatizations
ISLAMABAD: The Pakistan Stock Exchange (PSX) closed above 92,000 points for the third time in a row on Thursday, with analysts attributing the bullish trend to market volatility triggered by reduced interest rates and investors selling their stocks for profit.
Pakistan’s benchmark index settled at 92,304.32 points on Tuesday and 92,021.44 points on Wednesday. As per the stock market’s official website, the benchmark KSE-100 index increased by 499 points or 0.54 percent on Thursday to close at 92,520.48 points.
The bullish trend has been observed in the market since Monday when Pakistan’s central bank cut its key policy rate by 250 basis points to 15 percent. This was the fourth straight reduction since June, as the country keeps up efforts to revive a sluggish economy with inflation easing.
“The market is responding to reducing interest rates and, importantly, is also picking up on the government’s razor-sharp focus on the economy evidenced by the push to increase tax-to-GDP, attract FDI, and restart privatizations,” Raza Jafri, chief executive officer of leading financial services corporation EFG Hermes Pakistan, told Arab News.
He highlighted how lower interest rates were helping in creating valuation multiples at the KSE-100 but their “positive impact on the real economy will come with a lag.”
Jafri said the rally this year was led by banks, fertilizers and pharmaceuticals, adding that a rotation toward the construction, auto and oil marketing sectors more aligned with economic recovery was witnessed.
“An analyst at Topline Securities said the market showed notable volatility, with the index reaching a peak of 92,967 and dipping to a low of 91,891 as investors capitalized on profit-taking in large-cap stocks,” Topline Securities said in a social media post.
The development comes as the South Asian nation’s economic indicators continue to improve after it secured a $7 billion, 37-month bailout package from the International Monetary Fund (IMF) in September.
Last year, Pakistan narrowly avoided a sovereign default when it clinched a last-gasp $3 billion IMF bailout program. The country has suffered a prolonged economic crisis that drained its foreign exchange reserves and saw its currency weaken amid double-digit inflation.
Pakistan court remands ex-PM Khan’s acquittal petition to trial court in graft case
- Khan and his wife are accused of receiving expensive land through trust as bribe from real estate tycoon
- IHC has instructed Pakistani trial court to announce decision on Khan’s acquittal petition, says his party
ISLAMABAD: The Islamabad High Court (IHC) on Thursday remanded former prime minister Imran Khan’s acquittal petition back to a trial court in a corruption case in which he is accused of receiving land as bribe from a real estate tycoon, his Pakistan Tehreek-e-Insaf (PTI) party said.
The corruption case against Khan, or the Al-Qadir Trust case as it has become popularly known, involves accusations that the former prime minister and his wife, Bushra Bibi, set up a charitable trust named Al-Qadir in 2018 as a front to receive valuable land as gift from real estate developer Malik Riaz Hussain.
The Al-Qadir Trust runs a university outside Pakistan’s capital Islamabad devoted to spirituality and Islamic teachings, a project inspired by Khan’s wife who has a reputation as a spiritual healer. Khan and his wife deny any wrongdoing, saying that charges against them are politically motivated.
In August, the IHC issued a temporary stay barring a trial court from issuing the final order in the case. The former prime minister filed an acquittal plea, which was turned down by an accountability court in September.
“IHC two-member bench has remanded the acquittal petition by Mr. & Mrs. Khan back to the trial court in Al-Qadir Trust case,” the PTI said in a statement.
The party said the defense counsel had argued that “no personal gains” received by Khan could be established in the case and that the trustees had not benefitted from any transaction.
“IHC has instructed the trial court to announce the decision on the acquittal petition,” the PTI said. “We are hopeful it’ll lead to ordering the release of both Mr. & Mrs. Khan.”
HOW DID THE BRIBE ALLEGEDLY WORK?
Pakistan’s government says the controversy originated with 190 million pounds repatriated to Pakistan in 2019 by Britain after Hussain forfeited cash and assets to settle a British probe into whether they were proceeds of crime.
Instead of putting it in Pakistan’s treasury, Khan’s government used the money to pay fines levied by a court against Hussain for illegal acquisition of government lands at below-market value for development in Karachi.
Pakistan’s then interior minister Rana Sanaullah said Hussain gave the land to Khan through the Al-Qadir Trust in exchange for that favor.
Khan, who was removed from office after losing a parliamentary vote in April 2022, continues to remain popular among the masses. He has been languishing in jail since August 2023 after being convicted in four cases. Pakistan’s courts suspended two of the verdicts against Khan while he was acquitted in the remaining two.
Since his ouster from the Prime Minister’s Office, Khan has led a campaign of unprecedented defiance against the country’s powerful military, whom he accuses of colluding with his political rivals to orchestrate his removal and keeping him imprisoned.
The military and incumbent coalition government deny Khan’s allegations vehemently.
Pakistan announces free business, visit visas for Bangladeshis with 48-hour processing time
- Pakistan and Bangladesh were single country known as East and West Pakistan until Bangladesh was born in 1971
- Historically strained ties have warmed since ouster of former PM Sheikh Hasina on Aug. 5 after student-led uprising
ISLAMABAD: Pakistan’s High Commissioner to Dhaka, Syed Ahmed Maroof, this week announced a new visa policy for Bangladeshi citizens, offering free business and visit visas with 48-hour processing time as both nations push to thaw historically frosty ties.
Pakistan and Bangladesh share a complex history, having been a single country known as East and West Pakistan until Bangladesh was born in 1971 after a war of liberation backed by Pakistan’s arch-rival and neighbor India. Nearly three million people were killed in the conflict.
Ties reached a new low in 2016 when Bangladesh executed several leaders of its Jamaat-e-Islami party on charges of committing war crimes in 1971. Pakistan called the executions and trials “politically motivated,” arguing that the convicts were being punished for taking a pro-Pakistan stance during the independence war.
The bitter ties have warmed since the ouster of former prime minister Sheikh Hasina on Aug. 5 after a student-led uprising in Bangladesh.
“I’m happy to announce that or to let you know that there are going to be no fees in two visa categories, one is a business visa and the other is a visit visa,” Maroof said on Wednesday.
“It’s a free-of-cost visa for Bangladeshis. Secondly, the visa is decided within 48 hours and thirdly, you don’t have to come to the Pakistan High Commission [to apply for the visa].”
He said Bangladeshi citizens who wanted to visit Pakistan needed to print out a form from the visa website that they would be required to present at the immigration desk in Pakistan in order to get a visa.
“But as a precaution, there are a few things they should always carry with them along with this paper,” he added. “They should have a proper verified place of where they will stay, in a hotel or with some friends or family, and a return ticket.”
Calling the new visa regime “pretty much straightforward and very simplified,” the official said the move would make travel much easier for Bangladeshis wishing to go to Pakistan.
“All in all, the new visa policy is amazing, wonderful and hassle-free,” Maroof concluded.
In September, Pakistan’s foreign office said Islamabad sought “robust, multifaceted relations, friendly relations” with Bangladesh to ensure peace and stability in the South Asian region.
