Political stability hopes rise as president announces Punjab provincial elections on April 30

This file photo, taken on February 3, 2021, shows Pakistan President Dr. Arif Alvi during a meeting in Islamabad. (Photo courtesy: Twitter/PresOfPakistan)
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Updated 03 March 2023
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Political stability hopes rise as president announces Punjab provincial elections on April 30

  • Ex-PM Khan’s party and allies had dissolved the Punjab Assembly on Jan 14 in a bid to force nationwide elections
  • On Wednesday, Pakistan’s top court ruled polls should be held within 90 days of the dissolution of Punjab Assembly

ISLAMABAD: Pakistan’s President Arif Alvi on Friday announced April 30 as the date for Punjab provincial assembly elections, hours after the country’s election oversight body proposed dates for the conduct of polls.

The Election Commission of Pakistan’s (ECP) statement about dates for Punjab polls came days after the Supreme Court of Pakistan ruled that elections in Punjab and Khyber Pakhtunkhwa (KP) provinces should be held within 90 days of the dissolution of the provincial legislatures.

The controversy was triggered when former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party and allies dissolved the Punjab and Khyber Pakhtunkhwa (KP) provincial assemblies in January, in a bid to force the government of PM Shehbaz Sharif to announce nationwide polls.

Last month, President Alvi, a close Khan aide, also announced elections in both provinces on April 9, but the government said Alvi did not have the authority to make such a call. The tug of war between the government and the opposition PTI prompted the apex court to intervene in the matter, asking the ECP to propose a date that “deviates to the barest minimum” if the 90-day deadline was not met.

“President Dr. Arif Alvi has announced the date of 30th April 2023 (Sunday) for holding the general elections of the Provincial Assembly of Punjab,” read a tweet on the president’s official Twitter account.

“He announced the date after considering dates proposed by Election Commission of Pakistan.”

In its statement, the ECP had proposed Punjab elections between April 30 and May 7.

“The election commission is ready to discharge its constitutional and legal duties after the selection of the date by the president,” the ECP statement read.

The election regulator further said it had sent a letter to the KP governor, seeking a response in view of the apex court verdict.

The two provinces account for more than half of the country’s 220 million population, while Khan’s party has been gambling on the Sharif government being unable to afford to hold the provincial elections separately from the nationwide election, which is otherwise due by October. 

Under the Pakistani law, fresh polls for the two provincial assemblies should be held within 90 days of their dissolution.


Pakistan says repaid over $13.06 billion domestic debt early in last 14 months

Updated 29 January 2026
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Pakistan says repaid over $13.06 billion domestic debt early in last 14 months

  • Finance adviser says repayment shows “decisive shift” toward fiscal discipline, responsible economic management
  • Says Pakistan’s total public debt has declined from over $286.6 billion in June 2025 to $284.7 billion in November 2025

KARACHI: Pakistan has repaid Rs3,650 billion [$13.06 billion] in domestic debt before time during the last 14 months, Adviser to the Finance Minister Khurram Schehzad said on Thursday, adding that the achievement reflected a shift in the country’s approach toward fiscal discipline. 

Schehzad said Pakistan has been repaying its debt before maturity, owed to the market as well as the State Bank of Pakistan (SBP), since December 2024. He said the government had repaid the central bank Rs300 billion [$1.08 billion] in its latest repayment on Thursday. 

“This landmark achievement reflects a decisive shift toward fiscal discipline, credibility, and responsible economic management,” Schehzad wrote on social media platform X. 

Giving a breakdown of what he said was Pakistan’s “early debt retirement journey,” the finance official said Pakistan retired Rs1,000 billion [$3.576 billion] in December 2024, Rs500 billion [$1.78 billion] in June 2025, Rs1,160 billion [$4.150 billion] in August 2025, Rs200 billion [$715 million] in October 2025, Rs494 billion [$1.76 billion] in December 2025 and $1.08 billion in January 2026. 

He said with the latest debt repaid today, the July to January period of fiscal year 2026 alone recorded Rs2,150 billion [$7.69 billion] in early retirement, which was 44 percent higher than the debt retired in FY25.

He said of the total early repayments, the government has repaid 65 percent of the central bank’s debt, 30 percent of the treasury bills debt and five percent of the Pakistan Investment Bonds (PIBs) debt. 

The official said Pakistan’s total public debt has declined from over Rs 80.5 trillion [$286.6 billion] in June 2025 to Rs80 trillion [$284.7 billion] in November 2025. 

“Crucially, Pakistan’s debt-to-GDP ratio, around 74 percent in FY22, has declined to around 70 percent, reflecting a broader strengthening of fiscal fundamentals alongside disciplined debt management,” Schehzad wrote. 

Pakistan’s government has said the country’s fragile economy is on an upward trajectory. The South Asian country has been trying to navigate a tricky path to economic recovery under a $7 billion loan from the International Monetary Fund.