Khan’s party says it has enough support to form Pakistan government

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Supporters of a Pakistani political Muttahida Qaumi Movement (MQM) party protest against alleged election rigging in Karachi on August 2, 2018. Imran Khan's party announced it has acquired enough seats in Pakistan's lower house through coalition talks to form a majority government. (AFP / ASIF HASSAN)
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Pakistani activists of political Grand Democratic Alliance (GDA) party protest against alleged election rigging in Karachi on August 3, 2018. Imran Khan's party announced it has acquired enough seats in Pakistan's lower house through coalition talks to form a majority government. (AFP / ASIF HASSAN)
Updated 03 August 2018
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Khan’s party says it has enough support to form Pakistan government

  • PTI spokesman says the coalition would include the Muttahida Qaumi Movement (MQM) nd the Grand Democratic Alliance (GDA)
  • Two former dominant political parties plan to join forces to field their own candidate for prime minister in parliament

ISLAMABAD: Former cricket star Imran Khan's party, which won Pakistan's July 25 general election, said on Friday it had enough support in the National Assembly to form a government after more than a week of talks with other parties and independent politicians.

Khan’s Pakistan Tehreek-e-Insaf (PTI), or Pakistan Movement for Justice, did better than expected to scoop up 16.86 million votes, trouncing the party of jailed former premier Nawaz Sharif, which finished second with 12.89 million.

But the 116 seats won by Khan’s lawmakers were not enough to give him a majority without coalition partners in the National Assembly, which has 342 seats including 70 set aside for women and members of religious minorities.

Fawad Chaudhry, a PTI spokesman, told reporters on Friday that the party believed it had the support of 180 lawmakers when it counted coalition partners and holders of reserved seats.

The coalition would include the Muttahida Qaumi Movement (MQM), which has dominated politics in the port megacity of Karachi for decades, and the Grand Democratic Alliance (GDA), a new alliance in Sindh province, Chaudhry said.

"God willing, we will be going much ahead of the absolute majority," he added.

PTI has said it expects Khan to take the oath as prime minister before Aug. 14, Pakistan’s independence day.

Pakistan's two former dominant political parties said on Thursday they would join forces to field their own candidate for prime minister in parliament.

However, the opposition alliance was not believed to have the numbers to block Khan's election.

A European Union election monitoring team in its initial assessment described the election campaign as an unequal playing field, describing a "systematic effort" to undermine Sharif's former ruling party, but said it was up to the people of Pakistan to decide on the vote's legitimacy.
 


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

Updated 01 January 2026
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Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.