Ex-PM Sharif, ousted in 1999 coup, urges government to facilitate Musharraf's return to Pakistan

The collage of photos shows former Prime Minister Nawaz Sharif (left) and former presidetn Gen (r) Pervez Musharraf. (AFP/File)
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Updated 14 June 2022
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Ex-PM Sharif, ousted in 1999 coup, urges government to facilitate Musharraf's return to Pakistan

  • Musharraf seized power in 1999 after then-PM Nawaz Sharif tried to dismiss him as army chief
  • The former president is hospitalized in critical condition in Dubai for the last three weeks

ISLAMABAD: Former three-time prime minister Nawaz Sharif, ousted in a military coup in 1999 by then army chief General Pervez Musharraf, on Tuesday urged the government to facilitate the ailing former military ruler's return to Pakistan.

Sharif, who stayed in prison and exile for a decade after his ouster, returned to power in 2013 and put Musharraf on trial for treason, vowing to see the case go to its logical conclusion. 

In 2016, Musharraf travelled to Dubai to seek medical treatment after a travel ban was lifted by Pakistani courts. Three years later, he was sentenced to death in absentia for treason, related to his 2007 decision to impose emergency rule in the country. However, a court later nullified the ruling.

Last week, Musharraf's family announced that he was in critical condition at a Dubai hospital. 

"I do not have a personal enmity or grudge against Pervez Musharraf. [I] do not want anyone to suffer the sorrows I suffered about my loved ones," Sharif said on Twitter. "I pray to Almighty Allah for his health. The government must facilitate if he wishes to return."

Musharraf seized power in 1999 in a bloodless coup after Sharif tried to dismiss him as army chief, having appointed him above more senior officers a year earlier. His plan to return to power in 2013 was dashed when he was disqualified from running in an election won by Sharif.

Musharraf’s family has said he is currently hospitalized due to a complication of Amyloidosis, which causes a build-up of an abnormal protein called amyloid in organs and tissues throughout the body.

“Going through a difficult stage where recovery is not possible and organs are malfunctioning,” the family said in a statement. "Pray for ease in his daily living."

Khawaja Asif, a minister and close aide of Sharif, said last week there should be no hurdle in the way of Musharraf's return given his poor health. 

"Past events should not be allowed to be a hurdle in this regard," Asif said on Twitter. "May Allah grant him health and he may spend his time with dignity in this part of his life."

On Tuesday, a Pakistani military spokesman said the Pakistan’s army's official stance was that Musharraf should return home.

"Pervez Musharraf sahib's health condition is very bad. The institution and the leadership of the institution has a stance that he should return to Pakistan," Major General Babar Iftikhar, director-general of the Inter-Services Public Relations (ISPR), told a local news channel in an interview aired Tuesday night.

"His family was contacted in this regard, but it is his family and his doctors who are to decide if he can be allowed to travel in such a condition."

Musharraf, who ruled Pakistan as a "chief executive" when the 9/11 attacks on the United States took place, swiftly aligned with Washington during its military intervention in neighboring Afghanistan.  

In more than seven years in office, he oversaw a stint of economic growth while dodging at least three assassination attempts. He won a five-year term as president in a 2002 referendum, but reneged on promises to quit as army chief until late 2007.  

After the December 2007 assassination of opposition leader Benazir Bhutto, the national mood soured even more and crushing losses suffered by Musharraf's allies in 2008 elections left him isolated.

In August 2008, Musharraf quit office to avoid impeachment charges, nearly nine years after taking power.


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
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Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.