Opposition party warns government against using force to stop protest march to Islamabad

Leaders of the Pakistan Tehreek-e-Insaf party Fawad Chaudary (L) speaks to the media outside the parliament house building in Islamabad on April 11, 2022. (AFP/File)
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Updated 23 May 2022
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Opposition party warns government against using force to stop protest march to Islamabad

  • Former PM Khan has called on supporters to march peacefully on Islamabad on May 25th to press for fresh elections
  • He says march is to protect country’s sovereignty as he alleges he was ousted from office in a US-organized plot

ISLAMABAD: Senior Vice President of the Pakistan Tehreek-e-Insaf party, Chaudhry Fawad Hussain, on Monday warned the government against using force to stop a protest march to Islamabad on May 25 to press for fresh elections.

Khan, who served as prime minister for over three and half years, was ousted last month in a no-confidence vote in parliament by an alliance of all major political parties. Since his ouster, he has addressed rallies in several cities as he mobilizes for a grand show of strength in the capital on Wednesday. He describes the planned march to Islamabad as a move to protect the country’s sovereignty, as he alleges that the vote that removed him was a United States-organized plot. Khan’s main goal is to pressure the government to announce immediate elections.

Addressing a press conference Hussain said it would not be in the government’s “favor” if it decided to arrest PTI leaders and supporters as they marched to the capital. He said Khan would lead the march from Peshawar to Islamabad himself.

Supporters would leave Peshawar on the morning of May 25 and reach Islamabad the same day, Hussain said, adding that the march to Islamabad was restricted to people in the Punjab and Khyber Pakhtunkwa provinces, while supporters in Karachi would hold protests in their own city.

He said Khan would also announce his next action plan on June 3.

Khan says the US wanted him gone from office because of his foreign policy choices in favor of Russia and China, and a visit he made on February 24 to Moscow, where he held talks with Russian President Vladimir Putin as Russian tanks rolled into Ukraine. He has also said the US dislikes his strident criticism of Washington’s war on terror.

The US State Department has denied any involvement in Pakistan’s internal politics.


Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target

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Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target

  • Finance Adviser Khurram Schehzad says this was the highest-ever Sukuk issuance in a single calendar year since 2008
  • Pakistan’s Federal Shariat Court ordered in 2022 the entire banking system to transition to Islamic principles by 2027

ISLAMABAD: Pakistan’s Finance Adviser Khurram Schehzad on Monday said the country achieved a landmark breakthrough in Islamic finance by issuing over Rs2 trillion ($7 billion) sukuk this year, bringing it closer to its 20 percent Shariah-compliant debt target by Fiscal Year 2027-28.

A sukuk is an Islamic financial certificate, similar to a bond, but it complies with Shariah law, which forbids interest. Pakistan’s Federal Shariat Court (FSC) had directed the government in April 2022 to eliminate interest and align the country’s entire banking system with Islamic principles by 2027.

Following the ruling, the government and the State Bank of Pakistan (SBP) have undertaken a series of measures, including legal reforms and the issuance of sukuk to replace interest-based treasury bills and investment bonds.

“In 2025, the Ministry of Finance (MoF) through its Debt Management Office, together with its Joint Financial Advisers (JFAs), successfully issued over PKR 2 trillion in Sukuk,” Schehzad said on X, describing it as “the highest-ever Sukuk issuance in a single calendar year since 2008 by Pakistan.”

Pakistan made a total of 61 issuances across one-, three-, five- and 10-year tenors, according to the finance adviser. The country also successfully launched its first Green Sukuk, a Shariah-compliant bond designed to fund environment-friendly projects.

He said the Green Sukuk was 5.4 times oversubscribed, indicating investor demand was more than five times higher than the amount the government planned to raise, which showed strong market confidence.

“The rising share of Islamic instruments in the government’s domestic securities portfolio (domestic debt) underscores strong momentum, growing from 12.6 percent in June 2025 to around 14.5 percent by December 2025, clearly positioning the MoF to achieve its 20 percent Shariah-compliant debt target by FY28,” Schehzad said.

“This milestone also reflects the structural deepening of Pakistan’s Islamic capital market, sustained investor confidence, and the strengthening of sovereign debt management.”

He said Pakistan was strengthening its government securities market by making it more resilient, diversified, and future-ready, supported by a stabilizing macroeconomic environment, a disciplined debt strategy, and a clear roadmap for Islamic finance.