Pakistan finance minister blames ex-PM Khan for current economic meltdown

This handout picture, released by Finance Ministry on January 17, 2023, shows Pakistan's finance minister Ishaq Dar chairing the Economic Coordination Committee in Islamabad. (Photo courtesy: Twitter/FinMinistryPak)
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Updated 28 January 2023
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Pakistan finance minister blames ex-PM Khan for current economic meltdown

  • Khan on Friday voiced concerns Pakistan’s economic situation could threaten its national security
  • Ishaq Dar says ex-PM Khan ignored public woes, remained busy in ‘political persecution’ in his tenure

ISLAMABAD: Pakistan's Finance Minister Ishaq Dar on Friday blamed ousted prime minister Imran Khan for the present economic turmoil in the South Asian country, saying Khan ignored public problems and remain busy in “political persecution” in his tenure.

Khan, who was ousted in a no-trust vote in April, said he was concerned the country’s deteriorating economic situation was likely to threaten its national security as anyone coming to Pakistan’s financial rescue was likely to “ask for something in return.”

Khan’s statement followed PM Shehbaz Sharif’s announcement on Friday that he was hopeful about a deal with the International Monetary Fund (IMF) in January which would ensure the resumption of Pakistan’s $7 billion loan program pending since September.

In a video statement, Dar slammed Khan for present economic woes of the country, stating inflation numbers and urging the former premier not to “lie” to the masses.

“The country witnessed a storm of inflation because of you... you allowed the rupee to float freely, you didn’t care about Pakistan’s economy, you were busy in political persecution and you didn’t care about public problems,” the finance minister said.

“We formed the government under Mian Nawaz Sharif’s leadership at 8.6 percent [consumer price index] in 2013 and you were handed over the government at 4.68 percent CPI in five years, and food inflation was at 2 percent.”

Dar noted that when Khan was ousted from power in April last year, inflation had reached 12.2 percent in the South Asian country.

Pakistan is currently grappling with a host of economic issues, including decades-high inflation, depleting forex reserves and its currency losing more than 12 percent value over the last two days.

The IMF announced on Thursday it was sending its mission to Pakistan on January 31 to discuss a $6 billion loan program, originally signed in 2019 by Khan’s administration, which was topped up with another $1 billion last year.

The country desperately needs next IMF loan tranche to shore up its dwindling forex reserves that have dropped below $4 billion — barely enough to cover three weeks of imports.

The IMF stalled disbursements last year since the government was reluctant to implement stringent economic reforms, such as removal of various subsidies, amid soaring inflation in the country.


US freezes visa processing for 75 countries, media reports Pakistan included

Updated 14 January 2026
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US freezes visa processing for 75 countries, media reports Pakistan included

  • State Department announces indefinite pause on immigrant visas starting Jan 21
  • Move underscores Trump’s hard-line immigration push despite close Pakistan-US ties

ISLAMABAD: The United States will pause immigrant visa processing for applicants from 75 countries starting Jan. 21, the State Department said on Wednesday, with Fox News and other media outlets reporting that Pakistan is among the countries affected by the indefinite suspension.

The move comes as the Trump administration presses ahead with a broad immigration crackdown, with Pakistan included among the affected countries despite strong ongoing diplomatic engagement between Islamabad and Washington on economic cooperation, regional diplomacy and security matters.

Fox News, citing an internal State Department memo, said US embassies had been instructed to refuse immigrant visas under existing law while Washington reassesses screening and vetting procedures. The report said the pause would apply indefinitely and covers countries across Asia, Africa, the Middle East, Europe and Latin America.

“The State Department will pause immigrant visa processing from 75 countries whose migrants take welfare from the American people at unacceptable rates. The freeze will remain active until the US can ensure that new immigrants will not extract wealth from the American people,” the Department of State said in a post on X.

According to Fox News and Pakistan news outlets like Dawn, the list of affected countries includes Pakistan, Afghanistan, Bangladesh, Iran, Iraq, Egypt, Nigeria, Russia, Somalia, Brazil and Thailand, among others. 

“The suspension could delay travel, study, and work plans for thousands of Pakistanis who annually seek US visas. Pakistani consulates in the US are expected to provide guidance to affected applicants in the coming days,” Dawn reported.

A State Department spokesman declined comment when Arab News reached out via email to confirm if Pakistan was on the list. 

The Department has not publicly released the full list of countries or clarified which visa categories would be affected, nor has it provided a timeline for when processing could resume.

Trump has made immigration enforcement a central pillar of his agenda since returning to office last year, reviving and expanding the use of the “public charge” provision of US immigration law to restrict entry by migrants deemed likely to rely on public benefits.

During his previous term as president, Trump imposed sweeping travel restrictions on several Muslim-majority countries, a policy widely referred to as a “Muslim ban,” which was challenged in US courts before a revised version was upheld by the Supreme Court. That policy was later rescinded under the President Joe Biden administration.

The latest visa freeze marks a renewed hardening of US immigration policy, raising uncertainty for migrants from affected countries as Washington reassesses its screening and vetting procedures. 

The freeze on visas comes amid an intensifying crackdown on immigration enforcement by the Trump administration. In Minneapolis last week, a US Immigration and Customs Enforcement (ICE) agent shot and killed 37-year-old Renee Good, a US citizen, during a federal operation, an incident that has drawn nationwide protests and scrutiny of ICE tactics. Family members and local officials have challenged the federal account of the shooting, even as Department of Homeland Security officials defended the agent’s actions. The case has prompted resignations by federal prosecutors and heightened debate over the conduct of immigration enforcement under the current administration.