Pakistan’s ex-finance minister held over $16bn Qatar gas deal

Pakistan's former finance minister Miftah Ismail speaks with Reuters in Islamabad. (Reuters/File)
Updated 08 August 2019
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Pakistan’s ex-finance minister held over $16bn Qatar gas deal

  • Ismail is also being investigated for allegedly granting a 15-year contract for an LNG terminal in Karachi to a “favored” company

ISLAMABAD: Pakistan’s former Finance Minister Miftah Ismail was arrested on Wednesday following investigations by the country’s anti-corruption watchdog into a multibillion-dollar liquefied natural gas (LNG) import contract with Qatar.

Ismail was as an adviser to former Prime Minister Nawaz Sharif in 2017 and was later appointed federal minister for finance for a month. He is considered to be a close aide of Shahid Khaqan Abbasi, the opposition Pakistan Muslim League-Nawaz (PML-N) vice president and former premier who finalized the $16 billion deal with Qatar during his time as petroleum minister.

The deal with Qatar was agreed in 2015 for a period of 15 years.

Abbasi is already held by the National Accountability Bureau (NAB) in connection with the LNG case, which the anti-corruption agency claims caused a loss of $2 billion to the Pakistan treasury.

“My client is innocent as there is no evidence of corruption or embezzlement in the LNG deal against him,” Haider Waheed, the lawyer representing Ismail, told Arab News after his client’s pre-arrest bail was rejected.

Waheed accused the NAB of “political victimization,” saying the LNG deal was finalized before Ismail took charge of his office in the PML-N government. “This is a long legal battle now and we will continue challenging the NAB’s abuse of power,” he said.

FASTFACT

Anti-corruption watchdog faces claims of ‘political victimization.’

Ismail is also being investigated for allegedly granting a 15-year contract for an LNG terminal in Karachi to a “favored” company. He denies the allegation.

Sheikh Imran ul-Haque, former managing director of Pakistan State Oil, was also arrested on Wednesday in the LNG case.

Pakistan, a country of 208 million people, is running out of domestic gas and has turned to LNG imports to alleviate chronic energy shortages that have hindered its economy and led to a decade of electricity blackouts. 

The country imports 500 million cubic feet per day of LNG from Qatar under a 15-year agreement at 13.37 percent of Brent crude price. Under the government-to-government agreement, the price can only be reviewed after 10 years of the contract.

In Pakistan, the NAB’s anti-corruption campaign has become a topic of fierce political debate, and its focus on Prime Minister Imran Khan’s political foes has prompted accusations of a one-sided purge. The government denies targeting political opponents.

Khan won power last year vowing to root out corruption among the country’s political elite and views the investigations into veteran opposition politicians as long overdue.

“This is the worst kind of political victimization by Imran Khan’s government,” Senator Mushahidullah Khan told Arab News. “This government is trying to hide its inefficiency and incompetence by jailing opposition leaders who have served this country with dignity.”

Khan rejected allegations of corruption and kickbacks in the LNG deal, saying that gas imports had helped the country revive a crumbling industry and create millions of jobs.

“Instead of thanking us for ending hours-long blackouts, the government is putting our leaders in jail for nothing,” he said.


Near record number of small boat migrants reach UK in 2025

Updated 9 sec ago
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Near record number of small boat migrants reach UK in 2025

  • The second-highest annual number of migrants arrived on UK shores in small boats since records were started in 2018, the government was to confirm Thursday
LONDON: The second-highest annual number of migrants arrived on UK shores in small boats since records were started in 2018, the government was to confirm Thursday.
The tally comes as Brexit firebrand Nigel Farage’s anti-immigration party Reform UK surges in popularity ahead of bellwether local elections in May.
With Labour Prime Minister Keir Starmer increasingly under pressure over the thorny issue, his interior minister Shabana Mahmood has proposed a drastic reduction in protections for refugees and the ending of automatic benefits for asylum seekers.
Home Office data as of midday on Wednesday showed a total of 41,472 migrants landed on England’s southern coast in 2025 after making the perilous Channel crossing from northern France.
The record of 45,774 arrivals was recorded in 2022 under the last Conservative government.
The Home Office is due to confirm the final figure for 2025 later Thursday.
Former Tory prime minister Rishi Sunak vowed to “stop the boats” when he was in power.
Ousted by Starmer in July 2024, he later said he regretted the slogan because it was too “stark” and “binary” and lacked sufficient context “for exactly how challenging” the goal was.
Adopting his own “smash the gangs” slogan, Starmer pledged to tackle the problem by dismantling the people smuggling networks running the crossings but has so far had no more success than his predecessor.
Reform has led Starmer’s Labour Party by double-digit margins in opinion polls for most of 2025.
In a New Year message, Farage predicted that if Reform got things “right” at the forthcoming local elections “we will go on and win the general election” due in 2029 at the latest.
Without addressing the migrant issue directly, he added: “We will then absolutely have a chance of fundamentally changing the whole system of government in Britain.”
In his own New Year message, Starmer insisted his government would “defeat the decline and division offered by others.”
Conservative Party leader Kemi Badenoch, meanwhile, urged people not to let “politics of grievance tell you that we’re destined to stay the same.”

- Protests -

The small boat figures come after Home Secretary Mahmood in November said irregular migration was “tearing our country apart.”
In early December, an interior ministry spokesperson called the number of small boat crossings “shameful” and said Mahmood’s “sweeping reforms” would remove the incentives driving the arrivals.
A returns deal with France had so far resulted in 153 people being removed from the UK to France and 134 being brought to the UK from France, border security and asylum minister Alex Norris said.
“Our landmark one-in one-out scheme means we can now send those who arrive on small boats back to France,” he said.
The past year has seen multiple protests in UK towns over the housing of migrants in hotels.
Amid growing anti-immigrant sentiment, in September up to 150,000 massed in central London for one of the largest-ever far-right protests in Britain, organized by activist Tommy Robinson.
Asylum claims in Britain are at a record high, with around 111,000 applications made in the year to June 2025, according to official figures as of mid-November.
Labour is currently taking inspiration from Denmark’s coalition government — led by the center-left Social Democrats — which has implemented some of the strictest migration policies in Europe.
Senior British officials recently visited the Scandinavian country, where successful asylum claims are at a 40-year low.
But the government’s plans will likely face opposition from Labour’s more left-wing lawmakers, fearing that the party is losing voters to progressive alternatives such as the Greens.