Pakistan finance minister Dar put forward as leader of caretaker government

Pakistan's finance minister Ishaq Dar speaks while presenting the economic report for fiscal year 2022-23, in Islamabad on June 8, 2023.(AFP)
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Updated 24 July 2023
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Pakistan finance minister Dar put forward as leader of caretaker government

  • The move is aimed at helping with continuity of economic reforms under an IMF deal
  • Pakistan secured the badly needed $3 billion short-term financial package last month

ISLAMABAD: One of the main parties in Pakistan’s ruling coalition has proposed that Finance Minister Ishaq Dar lead the incoming caretaker government, party sources said, a move aimed at helping with continuity of economic reforms under an IMF deal.

The Pakistan Muslim League-Nawaz (PML-N) put forward Dar’s name to its coalition partners, said the sources who were not authorized to speak to media and declined to be identified. An agreement has yet to be reached, said one of the sources.

“We think he could be the best bet to continue with the economic reforms agreed with the IMF,” a PML-N member told Reuters.

Pakistan secured a badly-needed $3 billion short-term financial package from the IMF last month, a much-awaited respite as it teeters on the brink of default.

When asked about the proposal by Reuters, Dar said only: “Let’s wait.”

Information Minister Marriyum Aurangzeb did not respond to a request for comment.

Local media have reported that the ruling coalition will dissolve parliament on Aug. 8, after which the caretaker government will have 90 days to hold a general election.

The ruling coalition replaced former Prime Minister Imran Khan’s administration after he lost a parliamentary vote of confidence in April 2022, having lost favor with the country’s powerful military. The military denies having a role in his ouster.

Khan’s Pakistan Tehreek-e-Insaf (PTI) party said that having Dar helm the caretaker government would mean it could not be impartial.

“If Ishaq Dar is to be made a caretaker prime minister, then there will be no elections but only a selection,” said PTI spokesman Farrukh Habib.


Pakistan Navy seizes $3 million of narcotics in Arabian Sea under regional security patrol

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Pakistan Navy seizes $3 million of narcotics in Arabian Sea under regional security patrol

  • Official statement says the haul was made during an anti-narcotics operation conducted by PNS Yamama
  • Seizure comes after a record haul of nearly $972 million was reported in the North Arabian Sea in October

KARACHI: Pakistan Navy said on Sunday a patrol vessel operating in the Arabian Sea had seized 1,500 kg of narcotics, the latest interdiction under a regional maritime security deployment aimed at curbing illicit activity along key shipping routes.

The operation took place under the Regional Maritime Security Patrol (RMSP), a Pakistan-led initiative that deploys naval assets across the Arabian Sea and adjoining waters to deter smuggling, piracy and other non-traditional security threats.

The framework combines independent patrols with coordination involving regional and international partners.

“Pakistan Navy Ship Yamama, while deployed on Regional Maritime Security Patrol in the Arabian Sea, successfully conducted an anti-narcotics operation, leading to the seizure of 1,500 kilograms of hashish valued at approximately 3 million US dollars,” the Navy said.

The interdiction, it added, underscored the force’s “unwavering commitment to combating illicit activities and ensuring security in the maritime domain.”

Pakistan Navy said it routinely undertakes RMSP missions to safeguard national maritime interests through “robust vigilance and effective presence at sea,” and continues to play a proactive role in collaborative maritime-security efforts with other regional navies.

The seizure comes amid heightened counter-narcotics activity at sea.

In October, a Pakistani vessel seized a haul worth nearly $972 million in what authorities described as one of the largest drug seizures ever reported in the North Arabian Sea.

Last month, Pakistan Navy units operating under a Saudi Arabia-led multinational task force seized about 2,000 kg of methamphetamine, valued at roughly $130 million, highlighting the role of regional cooperation in disrupting trafficking networks.