Ex-PM Khan says president, an ally, will consult him on army chief appointment

Pakistan's President Dr. Arif Alvi (left) stands next to former prime minister Imran Khan on Pakistan's Resolution Day in Islamabad, Pakistan, on March 23, 2022. (APP/File)
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Updated 23 November 2022
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Ex-PM Khan says president, an ally, will consult him on army chief appointment

  • The former PM says President Arif Alvi will stay within the legal and constitutional ambit while dealing with the matter
  • Khan reiterates the government wants to bring army chief of its own choice to end his PTI party, get him disqualified

ISLAMABAD: Pakistan’s former prime minister Imran Khan said on Wednesday he was in contact with President Arif Alvi who would consult him over the appointment of the new army chief while saying that everything related to the matter would happen within the ambit of law and constitution.

Pakistan’s outgoing top army general Qamar Javed Bajwa, who was appointed in 2016, is due to retire on November 29 after finishing his second three-year term in the position.

The Prime Minister’s Office said earlier in the day it had received the names of the top contenders for the post from the country’s defense ministry which would be finalized by PM Shehbaz Sharif and sent to the president for approval.

Khan, who was ousted from power in a no-confidence vote in April after losing parliamentary majority, has frequently expressed concern that the government wanted to bring an army chief of its own choice to save its leaders from corruption cases.

Amid the ongoing political turmoil in the country, some sections of the media have also speculated how the situation would turn out if the president, who belongs to Khan’s Pakistan Tehreek-e-Insaf (PTI) party, delayed the approval procedure or sent the name of the final candidate back to the PM Office.

“I am in touch with the president and he will discuss everything with me,” Khan told ARY News in an interview.

“I don’t know who they are going to appoint as the army chief,” he continued. “But let me say this that [President] Arif Alvi and I have decided to stay within the legal ambit over the issue. We will abide by law and the constitution.”

Khan criticized PM Sharif for holding political consultations over the matter with his self-exiled elder brother and three-time former premier Nawaz Sharif who, he maintained, was not “qualified” to take a decision after being convicted from an accountability court in a corruption reference.

The elder Sharif flew out of the country on medical bail in November 2019 and did not return. The ruling Pakistan Muslim League-Nawaz (PML-N) party calls the charges against him politically motivated.

“Whatever he is going to decide will not be for the betterment of Pakistan,” Khan said. “He has never made an appointment while keeping that objective in mind.”

“[Nawaz Sharif] wants to bring his own man who will end Imran Khan and the PTI,” he continued.


Pakistan says Panda bond launch to diversify funding, avoid overreliance on dollar

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Pakistan says Panda bond launch to diversify funding, avoid overreliance on dollar

  • Pakistan has said it plans to issue its first-ever yuan-denominated Panda bond in January 2026
  • Pakistan minister identifies agriculture, minerals, AI as key areas to attract Chinese investment

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb said on Tuesday that launching its first-ever Panda bond would allow Islamabad to diversify its external financing sources away from overreliance on the US dollar, the Finance Division said. 

Pakistan has said it aims to launch the Panda bond— a yuan-denominated bond issued in China’s domestic market— by January next year. This highlights Pakistan’s efforts to find alternatives to dollar-denominated borrowing as global financial conditions tighten and Islamabad looks to escape a prolonged macroeconomic crisis. 

Panda bonds are renminbi-denominated instruments sold to Chinese investors by foreign governments or companies, offering issuers access to China’s deep domestic capital markets while reducing exposure to foreign-exchange volatility.

“He said the [Panda bond] issuance would allow Pakistan to tap into the second-largest and second-deepest capital market in the world, helping diversify funding sources away from overreliance on the US dollar by complementing existing access to euro and sukuk markets,” the Finance Division said. 

Aurangzeb was speaking to the state-owned China Global Television Network (CGTN), the Finance Division said. 

The finance minister acknowledged Pakistan had “previously underutilized” the opportunity to take advantage of the Panda bond, expressing optimism about investor interest in the Chinese market.

He said Pakistan remains hopeful of launching the bond ahead of the Chinese New Year, calling it a “landmark development” in the country’s external financing strategy. 

In response to a question about Pakistan’s economic priorities, Aurangzeb identified agriculture, minerals and mining, artificial intelligence and digital economy as key areas where Islamabad could attract Chinese investment. 

“He emphasized that beyond capital flows, this phase of cooperation places strong emphasis on knowledge transfer and technical support,” the Finance Division said.