Pakistani PM to dissolve parliament today, ending 16-month tenure marked by economic and political crisis

Short Url
Updated 09 August 2023
Follow

Pakistani PM to dissolve parliament today, ending 16-month tenure marked by economic and political crisis

  • Sharif’s tenure technically expires on August 12, caretaker setup will have up to 90 days to organize general elections
  • Elections likely to be delayed beyond November due fresh constituency boundaries required after new census

ISLAMABAD: The government of Prime Minister Shehbaz Sharif plans to dissolve the National Assembly of Pakistan today, Wednesday, ending sixteen months in office marked by political unrest and economic turmoil.

Sharif took over power in April last year after then Prime Minister Imran Khan was ousted in a parliamentary vote of no-confidence. The outgoing PM’s tenure technically expires on August 12, but he has said he will dissolve the assembly earlier, on August 9, to give the caretaker government 90 days to organize general elections, against 60 days if he were to step down on time, as per the constitution.

Sharif will send a summary for the dissolution of the National Assembly to the president who has to dissolve parliament within 48 hours, after which it will automatically stand dissolved. After the government’s term expires, the president is bound to appoint a caretaker prime minister in consultation with the outgoing prime minister and opposition leader. The same procedure is followed by governors in the provinces. Sharif has said a name for caretaker PM has not yet been finalized. 

“Today is the last session of the cabinet, and there has been no such example in the country’s history where leadership from all provinces is included in the government,” Sharif said in his farewell address to cabinet.

“Despite all the challenges and problems we faced, despite the coalition partners having their own manifestos and opinions, they came together to save Pakistan. You all sacrificed your political capital to save the state.”

“We have reached this concluding stage through your combined efforts after which an interim government will come into power, elections will take place, and a new government will come,” Sharif added.

“We all will work hard together with the new government to take the country forward.”

POLITICAL AND ECONOMIC CRISIS LINGERS

With parliament dissolved ahead of schedule, general elections would be due by November. But the government’s move last week to approve the results of a fresh digital census has thrown polls into uncertainty, as the Election Commission is now bound under the constitution to draw new constituency boundaries as per the results of the latest population count. That process could take up to six months and would mean polling day is pushed back by months.

The ECP has already said it cannot hold general elections on the basis of the new population count within the stipulated three-month deadline if it has to finalize fresh delimitations of constituencies.

Meanwhile, Pakistan’s myriad economic and political troubles continue.

At the heart of the political crisis is Khan, whose ouster last year plunged the country into months of unrest and violent street protests. The ex-premier, the country’s most popular politician by far, was convicted and jailed on graft charges last week and on Tuesday the election regulator barred him from politics for five years, for all practical purposes ending his chances of running in upcoming elections. 

His legal team has appealed the conviction and the disqualification though Khan also faces over 100 other cases, with charges ranging from terrorism to corruption and murder. Khan says the cases are part of the crackdown against him and his Pakistan Tehreek-e-Insaf party, orchestrated by the powerful military establishment and his political opponents. Both deny the charge.

Meanwhile, inflation remains at a record high and millions of ordinary Pakistanis are grappling with a cost-of-living crisis. The country’s Consumer Price Index rose to 28.3 percent in July, year-on-year, with prices up 3.5 percent in July from the previous month. In June, the CPI rise was 29.4 percent year-on-year, coming off a record 38 percent in May. On August 1, Pakistan announced an increase in petrol and diesel prices to meet fiscal objectives laid down in a deal with the International Monetary Fund (IMF), adding further fuel to its sky-high inflation.

Pakistan secured the last-gasp $3 billion deal with the IMF on June 30. Islamabad has committed to a petroleum levy of up to 50 rupees a liter, alongside a string of painful measures, including raising extra revenues, increasing energy prices and a market-based exchange rate, which has already fueled inflation.

“We faced a lot of difficulties regarding the IMF deal but overcame it through combined efforts, thanks to our friendly nations, Saudi Arabia, UAE and China,” Sharif said to his cabinet on Wednesday. “But until when we will continue seeking loans?”


PM Sharif invites India to open dialogue, says past wars failed to resolve key issues

Updated 16 May 2025
Follow

PM Sharif invites India to open dialogue, says past wars failed to resolve key issues

  • The prime minister says Pakistan and India are neighbors and must choose between being peaceful or unruly
  • He thanks Donald Trump, Saudi Arabia and other Gulf countries for helping de-escalate the recent conflict

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday called for renewed dialogue with India, saying the two nuclear-armed neighbors had fought three wars since independence without resolving their disputes while emphasizing the need to engage in talks to address outstanding issues.

Sharif made these remarks during a ceremony in Islamabad commemorating the “Day of Gratitude,” held to honor Pakistan’s military response to Indian strikes inside its territory last week. The event was attended by the chiefs of the armed forces, senior officials and dignitaries. The event featured a flypast and national songs.

The recent India-Pakistan standoff was triggered by an attack in Pahalgam, a tourist hotspot in Indian-administered Kashmir, which resulted in the deaths of 26 people. India accused Pakistan of involvement, an allegation Islamabad denied while seeking an impartial international probe. The situation escalated into missile and drone exchanges before a ceasefire was announced on May 10.

“Whether we like it or not, we are there forever as neighbors,” the prime minister said, referring to India and Pakistan. “It’s up to us whether we want to be unruly neighbors or peaceful ones.”

“We have fought three wars that solved nothing,” he continued. “Rather, they brought more poverty, unemployment and other problems on both sides. So the lesson is that we have to sit down at the table like peaceful neighbors and settle our outstanding issues, including Jammu and Kashmir.”

Sharif reiterated that Pakistan had no involvement in the Pahalgam incident and expressed gratitude to countries that assisted in de-escalating the conflict.

“I’m extremely grateful to all those friendly countries who have been very helpful in promoting peace and ceasefire in this part of the world... particularly Saudi Arabia, the UAE, Qatar, Kuwait, Iran, Türkiye, China and others,” he added.

Sharif extended special thanks to US President Donald Trump for his role in mediating the ceasefire.

“Above all, I would like to mention and thank President Trump for his very brave leadership and his vision that peace must be restored in South Asia sooner rather than later,” he said. “His path-breaking and strategic leadership... averted a very lethal looming war in this part of the world,” he said.

The prime minister emphasized the importance of resolving key issues to ensure lasting peace in the region.

“Without resolving these issues, I don’t think we will have peace in this part of the world on a long-term basis,” he said. “If we want permanent peace, then we need permanent solutions of Jammu and Kashmir and water distribution.”


Pakistan rejects Indian media reports of radiation leak, warns against regional arms buildup

Updated 16 May 2025
Follow

Pakistan rejects Indian media reports of radiation leak, warns against regional arms buildup

  • Foreign office says India is following ‘hegemonic policy’ by procuring ‘advanced weaponry’
  • It says Pakistan is mindful of the threat and remains ready to deal with any military challenge

ISLAMABAD: Pakistan’s foreign office on Friday dismissed Indian media reports alleging radiation leaks during last week’s conflict between the two nuclear-armed neighbors as “preposterous,” while voicing concern over India’s acquisition of advanced weaponry, calling it a threat to regional stability.

The remarks came amid heightened tensions following a brief but intense military exchange that included missile and drone strikes.

Some Indian media outlets speculated that Pakistani nuclear facilities were compromised during the hostilities, leading to potential radiation leaks.

“What I can say about radiation leakage in Pakistan is that these reports are absurd and preposterous,” foreign office spokesperson Ambassador Shafqat Ali Khan said during his weekly news briefing. “This is part of disinformation and fake news peddled by Indian media, which has distinguished itself recently with blatant lies and fabrication.”

“As a responsible nuclear weapon state,” he added, “Pakistan categorically rejects this irresponsible reporting with the contempt it deserves. India will be well advised to check such manufactured falsehoods and stop the fall of its media to new low.”

Some recent reports have also quoted the International Atomic Energy Agency (IAEA) as saying “no radiation leak or release from any nuclear facility in Pakistan” had occurred, dismissing the Indian media claims as unfounded.

Ambassador Khan also criticized India’s military posture during the news briefing, saying New Delhi’s ambitions were destabilizing the region.

“India is pursuing aggressive, or rather hegemonic policy in the region, and its defense budget reflects that,” he said. “We remain concerned about the acquisition and procurement of advanced weaponry by India which creates security imbalance in the region.”

“At the same time, we remain mindful of the threat,” he added. “We are prepared and we are ready, and our forces remain ready to deal with the challenges.”

The recent India-Pakistan standoff, which lasted several days, saw both nations engage in conventional military operations, including missile and drone strikes.

A ceasefire was brokered and announced on May 10, though the potential for escalation between the two nuclear-armed nations persists.


Pakistan’s financial regulator alerts firms to cyber risks after conflict with India

Updated 16 May 2025
Follow

Pakistan’s financial regulator alerts firms to cyber risks after conflict with India

  • SECP highlights potential risks including operational disruptions and data loss in its advisory
  • Recent India-Pakistan hostilities featured coordinated cyberattacks for the first time in history

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) on Friday cautioned local companies about heightened cybersecurity risks, days after a brief but intense conflict with India that, for the first time, saw both nations engage in cyber warfare alongside traditional military exchanges.
The recent hostilities, which included missile and artillery fire, also featured the deployment of drones and coordinated cyberattacks, an unprecedented escalation in the long-standing rivalry between the two nuclear-armed neighbors.
A ceasefire was brokered and announced on May 10, though the digital threat persists.
“The Securities and Exchange Commission of Pakistan (SECP) has issued an advisory to all the companies, in light of the recent geopolitical situation and resultant heightened cybersecurity threat alerts, urging companies to adopt cybersecurity best practices,” the regulator said in a statement.
The advisory outlined potential risks such as operational disruptions, data loss and reputational damage, recommending measures including stricter access controls, vulnerability assessments, incident response planning and user awareness training.
During the conflict with India, Pakistan’s economic affairs ministry and the Karachi Port Trust (KPT) reported that their official X accounts had been compromised.
The KPT account briefly posted claims of significant damage from an Indian naval strike before the post was deleted and the agency stated its account had been hacked.
Pakistani officials also acknowledged launching retaliatory cyber operations targeting Indian government and financial websites.
Indian authorities reported over 1.5 million attempted cyber intrusions during the conflict, primarily attributed to Pakistan-based hacker groups.
The SECP’s advisory highlighted the ongoing digital risks in the aftermath of the ceasefire, urging companies to bolster their cybersecurity defenses to protect critical infrastructure and sensitive data.


Pakistan condemns India’s ‘unprovoked’ military action during talks with UK foreign secretary

Updated 16 May 2025
Follow

Pakistan condemns India’s ‘unprovoked’ military action during talks with UK foreign secretary

  • David Lammy is on his first official visit to Islamabad amid tensions following India-Pakistan standoff
  • Pakistan and UK express satisfaction over bilateral economic cooperation, development partnership

ISLAMABAD: Pakistan on Friday condemned what it called India’s “unprovoked and belligerent” military action during talks with British Foreign Secretary David Lammy, saying Islamabad had only exercised its right to self-defense with a limited response aimed at avoiding civilian casualties.
The meeting between Lammy and Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar took place in Islamabad during Lammy’s first official visit to the country. It came just days after one of the most serious military confrontations between the South Asian nuclear-armed rivals in decades.
Fighting erupted last week when India launched strikes on what it said were “terrorist camps” in Pakistan following a deadly April attack in Indian-administered Kashmir that killed 26 people. New Delhi accused Islamabad of backing the militants behind the assault, an allegation Pakistan denies.
Four days of drone, missile and artillery exchanges followed, killing around 70 people, including dozens of civilians, on both sides of the border. The conflict raised fears of a broader war before a ceasefire was announced by US President Donald Trump.
“The two leaders held detailed discussions on recent developments in South Asia, particularly the situation following the ceasefire understanding between Pakistan and India,” said a statement released by the foreign office in Islamabad.
“Dar briefed the UK Foreign Secretary on India’s unprovoked and belligerent actions, which constituted a violation of Pakistan’s sovereignty, international law, the UN Charter, and established norms of interstate relations,” it continued.
“He underlined that Pakistan exercised its right to self-defense under Article 51 of the UN Charter, and that Pakistan’s response remained limited, precise, and proportionate, with utmost care taken to avoid civilian casualties,” the statement added.
Dar also thanked the United Kingdom for its constructive engagement in urging de-escalation during the conflict.
Britain was among several countries that called for restraint, with Prime Minister Keir Starmer saying at the time that the UK was “urgently engaging” with both sides.
The two officials also discussed Pakistan-UK bilateral ties, expressing satisfaction with the progress in trade, economic cooperation and development partnerships.
Dar acknowledged British support in key areas such as education, health and climate resilience, and both sides pledged to deepen collaboration on global challenges including climate action and sustainable development.
Lammy’s visit, the foreign ministry said, underscored the “robust and multifaceted partnership” between the two nations and their commitment to regional and international peace.

-With input from AFP
 


Pakistan moves to cut import tariffs in bid to boost exports, attract investment

Updated 16 May 2025
Follow

Pakistan moves to cut import tariffs in bid to boost exports, attract investment

  • Pakistani exports rely heavily on imported inputs, making import duties important for export competitiveness
  • Government plans to phase out additional customs and regulatory duties in Pakistan in the next five years

KARACHI: Pakistan on Friday approved a major reduction in import tariffs as part of its broader effort to revive the economy, boost exports and attract foreign investment, an official statement circulated by the Prime Minister’s office said.

The move comes as Pakistan emerges from a prolonged economic crisis and shifts from restrictive import controls, previously used to protect dwindling foreign currency reserves, toward policies aimed at sustaining growth and attracting investment. With inflation easing and macroeconomic indicators improving, the government is working on tariff reforms to boost industrial productivity.

Pakistani exports, especially in textiles, engineering and pharmaceuticals, rely heavily on imported inputs, making import duties a key factor in export competitiveness. The issue came up for decision during a high-level meeting on the National Tariff Policy, chaired by Prime Minister Shehbaz Sharif in Islamabad.

“In line with the government’s economic recovery plan, the prime minister has taken a historic step by approving a gradual but significant reduction in import tariffs,” the statement said, calling it “a key milestone” in achieving economic stability and enabling export-led growth.

Under the approved changes, Pakistan will phase out additional customs duties, currently ranging from two to seven percent, along with regulatory duties, between five and 90 percent, over the next four to five years.

The government will also cap general customs duties at 15 percent, compared to current rates that sometimes exceed 100 percent, and limit tariff slabs to four categories to reduce complexity and ensure a level playing field across industries.

The policy shift is expected to support the government’s goals of curbing unemployment, containing inflation further and providing dignified employment opportunities, particularly for educated youth.

Sharif also ordered the formation of an implementation committee to oversee the rollout of the tariff reforms and reiterated that economic revival remained his administration’s top priority.