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 stock market crosses record 174,000 points during intraday trading

Updated 29 December 2025
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Pakistan stock market crosses record 174,000 points during intraday trading

  • Pakistan Finance Adviser Khurram Schehzad says stock market’s equity investor base has increased by over 120,000 in last 18 months
  • Official says stock market’s record levels reflect growing investor confidence supported by continued macro stability and key reforms

ISLAMABAD: The Pakistan Stock Exchange (PSX) crossed a record 174,000 points on Monday, Finance Adviser Khurram Schehzad said, marking a strong start to the business week. 

According to the data available on the PSX’s official website, the KSE-100 benchmark reported 174,411.72 points during the intraday trading on Monday morning. 

“Another milestone for Pakistan’s equity market,” Schehzad wrote on social media platform X. “The KSE-100 Index has crossed 174,400 points, marking yet another record high.”

Pointing out the stock market’s achievements this year, Schehzad said the PSX has delivered 50 percent plus returns in US dollar terms to investors since January this year, “making it one of the best markets in Asia.”

He noted that investors’ participation in the PSX is rising fast, adding that the equity investor base has increased by over 120,000 to cross the 450,000 figure in the last 18 months, marking a 37 percent increase. 

“These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth,” he said. 

Pakistan’s stocks have surged in recent years, marking a strong performance this year as Islamabad moves to consolidate its financial recovery after years of economic turbulence, which saw it on the verge of a sovereign default in June 2023. 

Pakistan’s foreign exchange reserves have surged past the $21 billion mark, as per the central bank’s latest data. 

In recent years, the South Asian country has also implemented tough structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.