Government says considering freeing chief of banned Tehreek-e-Labbaik Pakistan party 

Supporters of Tehreek-e-Labbaik Pakistan (TLP) party take part in a protest in Karachi on October 24, 2021, demanding the release of their leader Hafiz Saad Hussain Rizvi, son of late Khadim Hussain Rizvi. (AFP)
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Updated 24 October 2021
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Government says considering freeing chief of banned Tehreek-e-Labbaik Pakistan party 

  • Interior minister says will withdraw cases against TLP protesters, TLP negotiators to visit interior ministry on Monday 
  • Says party had third largest vote bank in Punjab and the government wanted to avoid confrontation with it

ISLAMABAD: Pakistan’s Interior Minister Sheikh Rashid Ahmed said on Sunday the government was considering the release of Saad Rizvi, the leader of the banned Tehreek-e-Labbaik Pakistan (TLP) religious party who was arrested earlier this year for threatening to lead anti-government protests.
The party announced this week it would march to the capital, Islamabad, to pressure the government to release Rizvi and expel the French ambassador over caricatures of the Prophet Muhammad (PBUH) published in France last year. Thousands of supporters of the radical party on Saturday left the eastern city of Lahore, clashing for a second straight day with police. On Friday, two policemen were killed in a violent standoff between security forces and protesters. 
Protesters are currently camped in Muridke, a city about 55 kilometers from Lahore, and will stay there while a TLP negotiation team meets government representatives for talks. 
The party held similar protests in April this year in which six policemen were killed. 

The interior minister said of 7,000 TLP supporters arrested during the April violence, cases were still pending against 173, but would now be quashed as part of an agreement with the party to convince it to give up the ongoing protest march. 
“We will take back the [police] cases against the TLP by Wednesday,” Ahmed told reporters at a press conference. “Also considering the release of Saad Rizvi.”
“A negotiation team of the TLP will come to the interior ministry on Monday, and all issues will be addressed,” the minister said, adding that the party had the third largest vote bank in Punjab and the government wanted to avoid confrontation with it.
“There should be no confrontation with religious people. It’s their right to protest, and the government should show flexibility,” the minister said. “I had a one-on-one meeting with Saad Rizvi too, and their people in Muridke will go back on Wednesday.” 
To a question about the expulsion of the French ambassador, a main demand by TLP, Ahmed said: “Currently, France has no ambassador in Pakistan, but we will take this matter to the National Assembly.” 
The minister also directed Islamabad and Rawalpindi administrations to reopen roads and remove shipping containers placed at entrances to the city to keep out protesters. 
Earlier on Sunday, Minister for Religious Affairs Noorul Haq Qadri said in a press statement negotiations between the government and the TLP were moving toward “success.” 
“The protesters will record their protest till Tuesday ... Protesters will continue peaceful protests wherever they are,” Qadri said. 
The minister said the government had listened to all of TLP’s demands and would consider them “seriously.” He said all roads in the country that had been closed due to the protests would be reopened by tomorrow, Monday, and there would be no confrontation between the protesters and the police. 
“In case of peace, police and security agencies will not take any action against the sit-in,” Qadri said. “All the issues will be resolved with mutual discussion.” 


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.