Pakistan authorities gear for Imran Khan’s supporters at his court hearing

A car (R) carries Pakistan's former Prime Minister Imran Khan, as he arrives to appear before the Supreme Court in Islamabad on May 11, 2023. (Photo courtesy: AFP)
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Updated 12 May 2023
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Pakistan authorities gear for Imran Khan’s supporters at his court hearing

  • Khan will appear before an Islamabad court for hearing on petition challenging anti-graft action against him
  • The development comes a day after Pakistan’s top court declared his arrest in the case ‘invalid and unlawful’

ISLAMABAD: Pakistan police imposed an emergency order banning gatherings as supporters of Imran Khan were expected to march to the capital on Friday where the former prime minister will appear for a court hearing.

His arrest earlier this week, which sparked deadly unrest in the nuclear-armed nation, was ruled “invalid and unlawful” by the Supreme Court on Thursday.

Khan’s Pakistan Tehreek-e-Insaaf (PTI) party said thousands of “peaceful Pakistanis” from across the country will gather in Islamabad in solidarity with their leader.

Khan, 70, an international cricket hero-turned-politician, will appear before the Islamabad High Court at 11 a.m. (0600 GMT) for a hearing on his petition challenging the anti-corruption action against him, on orders of the top court.

His arrest aggravated instability in the country of 220 million people at a time of severe economic crisis — with record high inflation, anaemic growth and a delayed IMF funding — and escalated Khan’s tussle with the powerful military.

Nearly 2,000 people have been arrested so far and at least eight killed after Khan’s supporters clashed with police, attacked military establishments and set other state buildings and assets ablaze, prompting the government to call in the army to help restore order.

The army has warned Khan’s supporters that it will respond firmly if there are further attacks on its assets, saying in a statement on Wednesday that the violence on its installations was “pre-planned” and ordered by his party leadership.

Khan, who opponents say was brought to power through a rigged election in 2018 by the generals, has blamed the military for his ouster from office in April 2022 in a parliamentary no-confidence vote.

The army, which remains Pakistan’s most powerful institution, having ruled it directly for close to half its 75-year history through three coups, has denied Khan’s allegations.


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.