As Pakistan marks Bhutto’s death anniversary her family barred from leaving the country

Benazir Bhutto’s husband, former President Asif Ali Zardari, her son Bilawal who is the Chairman of the Pakistan Peoples Party (PPP), and Zardari's sister Faryal Talpur, are among 172 prime suspects accused of holding fictitious bank accounts. (AFP/File)
Updated 28 December 2018
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As Pakistan marks Bhutto’s death anniversary her family barred from leaving the country

  • Zardari and others placed on Exit Control List
  • She brought several laurels to Pakistan by becoming country’s first woman PM

ISLAMABAD: Prime Minister Imran Khan marked the Benazir Bhutto’s 11th death anniversary on Thursday by deciding to place her family members on the country’s Exit Control List (ECL) for their involvement in money laundering and other cases of graft.
His decision was based on findings of a report compiled by a government-commissioned Joint Investigation Team (JIT).
Bhutto’s husband, former President Asif Ali Zardari, her son Bilawal who is the Chairman of the Pakistan Peoples Party (PPP), and Zardari's sister Faryal Talpur, are among 172 prime suspects accused of holding fictitious bank accounts. 
“The PPP declared the JIT report rubbish, trash of lies. Will prove it a lie before the courts; challenge it at every forum be it parliament or bar of public opinion,” Farhatullah Babur, a PPP stalwart, said. 
Slamming the federation for choosing the occasion of Bhutto’s death anniversary to place her family on the ECL, PPP Senator Sherry Rehman reminded people of her mentor and leader’s struggle. “Another Bhutto sacrificed her life for Pakistan, for democracy and though she has parted, her legacy will live on through the countless lives she enriched,” she said.
Bhutto’s assassination was condemned across all quarters even though her murderers have yet to be named in a case that continues to remain unsolved even though Al Qaeda has claimed responsibility for the attack.
To mark the occasion, the southern province of Sindh — which was the epicenter of her party’s political activities – observed a public holiday on Thursday. Thousands gathered at her hometown in rural Sindh to listen to her son, Bilawal Bhutto, who is the leader of the PPP, pay tribute to his mother as others followed suit on several social media platforms.

“She certainly was a symbol of democracy. Her years (1977 – 1988) of struggle were a testing period for her and the way she emerged to lead was tremendous,” Retired Col. Asad Mehmood, a political analyst, told Arab News.
“Benazir Bhutto was patriotic, prudent and a woman of international fame. She not only understood the core issues of Pakistan but also knew how to tackle those issues. Her demise was a huge loss to Pakistan,” Dr. Tahir ul Qadri, Chairman of Pakistan Awami Tehreek, said.
Bhutto, who was educated in top western universities, was thrust into the political limelight in her mid-twenties.
Her father, Zulfiqar Ali Bhutto, was removed from the post of prime minister in a military coup, organized by General Mohammed Zia-ul-Haq in 1977, and later executed. 
Members of the Bhutto family were repeatedly imprisoned. However, despite all the hurdles, Bhutto stood by her mother, campaigned for restoration of democracy, and challenged the military rule.
More tragedy followed. Her brother Shahnawaz was killed in France under mysterious circumstances in 1980, allegedly poisoned, a claim the Bhutto family insisted but lacked evidence.
Forced into exile in 1984, Bhutto became the leader of the PPP (Pakistan People’s Party) which was co-founded by her father.
In 1988, Mohammed Zia-ul-Haq was killed in a plane crash, two years after Bhutto had returned to Pakistan from England after the military ruler lifted martial law and delegated some power to the civil setup.
Besides Bilawal, the couple have two other daughters — Bakhtawar and Aseefa.
Her party won the elections in 1988, resulting in her claiming the title of the youngest elected leader in the Islamic world and the first woman Prime Minister of Pakistan. 
Bhutto served two partial terms in the country’s top office from 1988 to 1990 and 1993 to 1996. 
Accused of corruption, nepotism, and bribery scandals, her government was dismissed on both occasions by Pakistan’s president.
But while in power, Murtaza, another brother, died during a 1996 police encounter.
After losing the elections in 1997 to Nawaz Sharif’s Pakistan Muslim League-Nawaz (PML-N) party, Bhutto went into a self-imposed exile a year later to avoid political victimization and corruption cases. 
She returned to the country after the US-brokered an amnesty deal with Pakistan’s former president, General Pervaiz Musharraf, to run for the 2008 elections.
Her arrival on October 18, 2007, 10 years after she had chosen to stay away from Pakistan, drew people from all over the country, with celebrations paralyzing the city of Karachi.
This was before the caravan representing Bhutto’s welcome rally – with her onboard — was attacked by two deadly bombings, killing 180 people and injuring nearly 500 supporters. 
A few months later, despite threats to her life, she courageously stepped out to address a public gathering in Rawalpindi on December 27. There she spoke against militancy, terrorism, and the military government campaigning for democracy. She was killed the very same day in a brazen double attack.
“She came back to restore democracy. She was aware she could be killed in the process like her family but she was daring,” Malaika Raza of PPP told Arab News.


IMF warns against policy slippage amid weak recovery as it clears $1.2 billion for Pakistan

Updated 11 December 2025
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IMF warns against policy slippage amid weak recovery as it clears $1.2 billion for Pakistan

  • Pakistan rebuilt reserves, cut its deficit and slowed inflation sharply over the past one year
  • Fund says climate shocks, energy debt, stalled reforms threaten stability despite recent gains

ISLAMABAD: Pakistan’s economic recovery remains fragile despite a year of painful stabilization measures that helped pull the country back from the brink of default, the International Monetary Fund (IMF) warned on Thursday, after it approved a fresh $1.2 billion disbursement under its ongoing loan program.

The approval covers the second review of Pakistan’s Extended Fund Facility (EFF) and the first review of its climate-focused Resilience and Sustainability Facility (RSF), bringing total disbursements since last year to about $3.3 billion.

Pakistan entered the IMF program in September 2024 after years of weak revenues, soaring fiscal deficits, import controls, currency depletion and repeated climate shocks left the economy close to external default. A smaller stopgap arrangement earlier that year helped avert immediate default, but the current 37-month program was designed to restore macroeconomic stability through strict monetary tightening, currency adjustments, subsidy rationalization and aggressive revenue measures.

The IMF’s new review shows that Pakistan has delivered significant gains since then. Growth recovered to 3 percent last year after shrinking the year before. Inflation fell from over 23 percent to low single digits before rising again after this year’s floods. The current account posted its first surplus in 14 years, helped by stronger remittances and a sharp reduction in imports. And the government delivered a primary budget surplus of 1.3 percent of GDP, a key program requirement. Foreign exchange reserves, which had dropped dangerously low in 2023, rose from US$9.4 billion to US$14.5 billion by June.

“Pakistan’s reform implementation under the EFF arrangement has helped preserve macroeconomic stability in the face of several recent shocks,” IMF Deputy Managing Director Nigel Clarke said in a statement after the Board meeting.

But he warned that Islamabad must “maintain prudent policies” and accelerate reforms needed for private-sector-led and sustainable growth.

The Fund noted that the 2025 monsoon floods, affecting nearly seven million people, damaging housing, livestock and key crops, and displacing more than four million, have set back the recovery. The IMF now expects GDP growth in FY26 to be slightly lower and forecasts inflation to rise to 8–10 percent in the coming months as food prices adjust.

The review warns Pakistan against relaxing monetary or fiscal discipline prematurely. It urges the State Bank to keep policy “appropriately tight,” allow exchange-rate flexibility and improve communication. Islamabad must also continue raising revenues, broadening the tax base and protecting social spending, the Fund said.

Despite the progress, Pakistan’s structural weaknesses remain severe.

Power-sector circular debt stands at about $5.7 billion, and gas-sector arrears have climbed to $11.3 billion despite tariff adjustments. Reform of state-owned enterprises has slowed, including delays in privatizing loss-making electricity distributors and Pakistan International Airlines. Key governance and anti-corruption reforms have also been pushed back.

The IMF welcomed Pakistan’s expansion of its flagship Benazir Income Support Program, which raises cash transfers for low-income families and expands coverage, saying social protection is essential as climate shocks intensify. But it warned that high public debt, about 72 percent of GDP, thin external buffers and climate exposure leave the country vulnerable if reform momentum weakens.

The Fund said Pakistan’s challenge now is to convert short-term stabilization into sustained recovery after years of economic volatility, with its ability to maintain discipline, rather than the size of external financing alone, determining the durability of its gains.