Ex-PM Khan’s party postpones anti-government march until after federal budget

Supporters of Pakistan's ousted prime minister Imran Khan take part in a protest rally in Islamabad on May 26, 2022. (AFP/File)
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Updated 06 June 2022
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Ex-PM Khan’s party postpones anti-government march until after federal budget

  • The party’s top leadership criticizes the government for mismanaging the national economy
  • PTI leadership also announced its decision to participate in by-elections in Punjab province

ISLAMABAD: Former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party has decided to postpone the second round of its anti-government march to the capital until after the announcement of the next federal budget, said one of its top office-bearers while interacting with the media on Sunday.

Last month, Khan asked his party workers and supporters to come to Islamabad and join him for a sit-in until the dissolution of assemblies and the announcement of fresh elections in the country.

His call was followed by a crackdown on his party leaders and workers in different Pakistani cities, though many of them managed to reach the capital after removing shipping containers placed to block various roads leading to the city.

Khan himself led a caravan from Khyber Pakhtunkhwa province before calling off the protest upon reaching the federal capital and asking the government to step down within six days. He held a meeting of his top party members in Islamabad on Sunday to discuss the prevailing political situation in the country.

“The core committee has decided to take the decision regarding the anti-inflation march after June 15,” the Express Tribune newspaper quoted PTI vice chairman Shah Mahmood Qureshi as saying.

Qureshi said the party had also agreed to participate in the by-elections in 20 provincial assembly constituencies in Punjab. These seats fell vacant last month after a group of dissident PTI lawmakers were disqualified by the election commission for switching loyalties and voting for the candidate of another party for the position of Punjab chief minister.

The PTI leader also criticized the government for mismanaging the economy, saying it was not sure how to deal with the financial challenges facing the country.

Qureshi maintained his party’s government had decided to reduce fuel and power rates despite pressure from the International Monetary Fund (IMF).

He blamed the current administration for raising the prices of essential items while making the live of the average Pakistani difficult.
“The country’s economy is deteriorating,” he warned.


Islamabad says Saudi Wafi Energy considering $100 million investment to expand Pakistan operations

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Islamabad says Saudi Wafi Energy considering $100 million investment to expand Pakistan operations

  • Wafi Energy, an affiliate of Saudi Arabia’s Asyad conglomerate, became majority shareholder of Shell Pakistan Limited in 2024
  • Investment to expand retail and storage infrastructure, modernize operations and pursue technology-driven initiatives

ISLAMABAD: Saudi Arabia’s Wafi Energy Pakistan company is considering a potential investment of $100 million over the next two to three years to expand its retail infrastructure, modernize operations and pursue digitization initiatives in Pakistan, the Finance Division said on Monday. 

Wafi Energy, an affiliate of the Saudi Asyad conglomerate, became the majority shareholder of one of the country’s oldest multinationals, Shell Pakistan Limited (SPL), in November 2024.

Pakistan Finance Minister Muhammad Aurangzeb met a delegation of Wafi Energy Pakistan at the Finance Division on Monday, reaffirming Islamabad’s commitment to macroeconomic stability, enhanced investor confidence and stronger foreign exchange buffers. 

“The Wafi Energy Pakistan delegation shared its confidence in Pakistan’s economic outlook and indicated that the company is considering potential investment of up to USD 100 million over the next two to three years,” the Finance Division said.

It added that the investment would be used to expand Wafi Energy Pakistan’s retail and storage infrastructure, modernize operations and pursue technology-driven improvements, including digitization initiatives. 

The delegation also stressed the importance of a stable, transparent and predictable policy framework to support long-term investment in the energy sector. It welcomed continued engagement with the Pakistani government. 

“The finance minister reaffirmed the government’s focus on reforms, privatization, digitization and public-private partnerships, while noting that ongoing strategic engagement with international partners will continue to strengthen economic cooperation and investor confidence,” the statement added. 

Aurangzeb also referred to Pakistan’s ongoing high-level strategic engagement with international partners, including Saudi Arabia, noting that such engagements provide valuable platforms to strengthen economic cooperation and investment ties. 

Wafi Energy has two retail stations in Pakistan’s Karachi and Rawalpindi cities. It takes particular interest in green initiatives, building a 730-foot plastic road outside its Karachi head office with 2.5 tons of waste lubricant bottles. 

Its retail site in Rawalpindi was built using 7,700 kilograms of plastic waste, equivalent to more than 5.8 million pieces of end-of-life plastics, infused into construction materials. 

Last week, Wafi Energy Pakistan announced it had signed an agreement with Hyundai’s official manufacturing partner in Pakistan to supply premium lubricants for the company’s vehicles.