As standoff with military persists, ex-PM Khan's top aides resign from party positions

Senior Pakistan Tehreek-e-Insaf leader Asad Umar, left, and Pakistan's former information minister Chaudhry Fawad Hussain talk to journalists during a press conference in Islamabad, Pakistan, on March 29, 2022. (PID/File)
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Updated 24 May 2023
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As standoff with military persists, ex-PM Khan's top aides resign from party positions

  • Chaudhry Fawad Hussain announces "parting ways" with Khan while Asad Umar quits senior party posts
  • Both join a long list of Khan aides who resigned in recent days after PTI's countrywide protests on May 9

ISLAMABAD: Former prime minister Imran Khan's top aide Asad Umar stepped down from senior positions in the party on Wednesday while Chaudhry Fawad Hussain, another key leader, announced he was "parting ways" with the Pakistan Tehreek-e-Insaf (PTI) chairman as Khan's standoff with Pakistan's powerful military persists. 

Both leaders are the latest addition to a long list of Khan aides who have distanced themselves from the PTI chairman and resigned from the party after the violent countrywide protests of May 9 as Khan was detained on corruption charges. After angry protesters attacked military installations, set ablaze government buildings, and damaged public properties, the army vowed to try protesters under military laws. 

Hussain, a senior PTI leader who also served as the information minister during Khan's previous government, announced he was taking a "break" from politics. Umar, meanwhile, said he was stepping down as a member of the PTI's core committee and its secretary-general but would remain a member of the party.

 

 

 "I have resigned from my party positions. Whatever decision I took was my own," Umar told a room packed with reporters at the Islamabad Club. 

 He denounced the violence that took place on May 9, saying that those found guilty should be dealt with according to law. 

"Full action should be initiated against those involved [in the protests]," Umar said. "Thousands of workers are under arrest, and the majority among them are innocent, who should be released," he added. 

Umar lamented the prevalent political uncertainty in Pakistan, saying that the judiciary was divided and that its directives were not being implemented by the government. 

"People of Pakistan are major stakeholders and they are facing the worst inflation and unemployment. The life of a common man has become difficult. 

"Pakistan is in a dangerous situation today and it's the responsibility of the political leadership to steer the country out of it."

Meanwhile Khan, who has accused the military and government of colluding to keep him from getting elected once again, alleges his party's top leadership is being threatened to dissociate themselves from him. 

In a video message to his supporters on Wednesday, the former prime minister said he is ready to constitute a committee to hold talks with "powerful people" in the country—a veiled reference to the military—but vowed to fight till the end against oppression. 


Pakistan regulator says over 21,600 new companies registered in first half of FY26

Updated 11 January 2026
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Pakistan regulator says over 21,600 new companies registered in first half of FY26

  • This reflects a 29 percent increase compared to the 16,839 companies that were registered during same period last year, says regulator
  • These incorporations contributed $109.5 billion in paid-up capital, says Securities and Exchange Commission of Pakistan report

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said this week it registered over 21,600 new companies in the first half of the current fiscal year, reflecting rising investor confidence and positive economic outlook in the country. 

In a report issued on Jan. 6, the SECP said it registered 21,668 companies in the first six months of the current fiscal year, adding that these incorporations contributed Rs30.7 billion [$109.5 million] in paid-up capital. 

The report said this represented a 29 percent increase compared to the 16,839 companies registered during the same period last year.

“Pakistan’s business landscape continues to demonstrate strong momentum, reflecting rising investor confidence and a positive economic outlook,” the SECP report said. 

The SECP said the latest increase has brought the total number of registered companies in Pakistan to 279,724. It said the top ten sectors by incorporations were led by the IT & e-commerce, with 4,277 companies, followed by trading (2,997 companies), services (2,686 companies) and real estate (2,031 companies). 

“This sectoral diversity highlights expanding entrepreneurial activity, particularly in technology-driven and service-oriented industries,” the report said. 

The SECP said foreign investment also remained “robust” during the period, adding that 524 newly incorporated companies received foreign investment amounting to Rs1.26 billion [$4.5 million] with the participation from 731 foreign investors. 

“China emerged as the leading source, accounting for 71 percent of total inflows,” the SECP said. “It was followed by Afghanistan (8 percent), the United States (2 percent), and the United Kingdom, Germany, South
Africa, South Korea, Norway, Vietnam, Nigeria, and Bangladesh, each contributing 1 percent,” it added. 

The SECP said an additional 11 percent of the investment originated from other countries.