Pakistani foreign minister says against banning political parties, advises PTI to forgo violence

Pakistan's Foreign Minister Bilawal Bhutto Zardari, speaks during an interview at the Embassy of Pakistan in Washington, DC, September 27, 2022. (AFP/File)
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Updated 11 May 2023
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Pakistani foreign minister says against banning political parties, advises PTI to forgo violence

  • Bhutto-Zardari says will be ‘last person’ to condone banning Imran Khan’s PTI party
  • Says ban, if imposed, should be done through an impartial process and as a last resort

KARACHI: Pakistani foreign minister Bilawal Bhutto-Zardari said on Thursday he was “principally” opposed to banning political parties and such a drastic step should only be used as a last resort against ex-prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party.

The minister issued the statement against the backdrop of violent demonstrations that erupted across the country following Khan’s arrest from the Islamabad High Court in a graft case on Tuesday. He is currently on physical remand of the National Accountability Bureau which is investigating him for allegedly receiving land as a bribe from a major property tycoon.

Meanwhile, Khan’s supporters have reacted to his arrest by storming sensitive army buildings and setting public property on fire, including military and government buildings, leading the army to put out a strongly worded statement on Wednesday that “facilitators, planners, and political activists” behind organized attacks on its properties and installations would be punished. Prime Minister Shehbaz Sharif also promised to punish all miscreants “as per the law and constitution.”

In the backdrop of the army and PM’s strongly-worded statements, many analysts have conjectured whether the destruction wrought by the protesters, which military and political leaders say was directly instigated by the PTI, will be used as a pretext to ban the party.

“I am principally against imposing a ban on any political party and would be the last person to condone such a move,” the foreign minister said in a news conference on Thursday.

“If another party had engaged in terrorist activities that we saw yesterday, they would have been pushed towards [a ban], but we cannot make such a decision on TV screens on the basis of the videos [of violent protests] that we saw.”

Bhutto-Zardari said if a ban had to be eventually imposed on the PTI, then it should be done as a "last resort."

“An impartial process has to be in place for such a decision [to be taken],” he said.

“The only advice I can give to the PTI is what’s done is done, and those who were involved in [violence] have to be made answerable, but the party should not make matters worse,” he added.

“Call an end to the violent protests, declare that you would abide by the rule of law and constitution, and accept that you would engage the [anti-graft] National Accountability Bureau as citizens and not as terrorists.”


Pakistan signals commitment to regulate digital assets in meeting with Binance leadership

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Pakistan signals commitment to regulate digital assets in meeting with Binance leadership

  • Binance delegation led by CEO Richard Teng meets Pakistan’s prime minister, army chief in Islamabad
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s government has signaled its “strong commitment” to digital asset regulation as the country’s senior officials met the leadership of Binance, one of the world’s most prominent global cryptocurrency exchanges, the Prime Minister’s Office (PMO) said on Saturday. 

The Binance team, led by its Chief Executive Officer Richard Teng, is in Pakistan and has held meetings with Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib and senior Pakistani bank officials this week. 

Pakistan has been attempting 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.

“Binance senior leadership visits Pakistan as government signals strong commitment to digital asset regulation,” the PMO said. 

A Binance delegation led by Teng met Chief of Army Staff and Chief of Defense Forces Field Marshal Syed Asim Munir in Islamabad. 

Saqib also attended the meeting and gave the Binance team a briefing about his organization.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, 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.