Pakistan election regulator disqualifies ex-PM Khan from politics for five years

Former Pakistani Prime Minister Imran Khan speaks with Reuters during an interview, in Lahore, Pakistan, on March 17, 2023. (REUTERS/File)
Short Url
Updated 08 August 2023
Follow

Pakistan election regulator disqualifies ex-PM Khan from politics for five years

  • Disqualification comes days after Khan was found ‘guilty of corrupt practices’ in a case involving sale of state gifts
  • Khan’s party criticizes the election regulator for the decision, hopes verdict will be overturned by high courts

ISLAMABAD: Pakistan’s election regulator on Tuesday announced that former prime minister Imran Khan was barred from holding public office for the next five years, days after the ex-premier was convicted in a case involving the sale of state gifts. 

Khan, who was ousted from power in a parliamentary no-trust vote in April last year and has since waged a campaign of defiance against the all-powerful military and the government of PM Shehbaz Sharif, was arrested last Saturday after the Election Commission sentenced him to three years in jail on charges of unlawfully selling state gifts he received during his tenure as premier from 2018 to 2022. This has popularly come to be known as the Toshakhana reference. 

In a notification on Tuesday, the Election Commission said its restriction on Khan came in pursuance of the sentence handed down to the former prime minister after he was found “guilty of corrupt practices.” 

“As a consequence, Mr.Imran Ahmed Khan Niazi has become disqualified under Article 63(1)(h) of the Constitution of the Islamic Republic of Pakistan,” the election regulator said in its notification. 

“Therefore, Mr.Imran Ahmed Khan Niazi is disqualified for a period of five years and is also de-notified as a returned candidate from constituency NA-45 Kurram-1.” 

Khan’s Pakistan Tehreek-e-Insaf party called the cases against him “sham and frivolous.”

“Someone who doesn’t have a criminal record in all their life end up being framed in nearly 200 odd cases from sedition to blasphemy and even murder with no right given to present his witnesses, no time given to round up the arguments with a decision reached in haste,” the PTI said in a statement shared with media. 

“We are hopeful it’ll be overturned in a higher court.” 

Khan came to power in 2018 with what independent analysts say was the help of the country’s powerful military, which has ruled Pakistan for nearly half of its 75-year history. 

He was subsequently ousted in a parliamentary vote of no-confidence that is widely believed to have taken place because Khan had fallen out with the then military leadership under army chief Gen Qamar Javed Bajwa. The former premier had since been campaigning for snap polls in the South Asian country, which has been embroiled in political unrest and myriad economic crises. 

Khan’s brief arrest in May in another graft case led to violent protests by his supporters who attacked government and military installations, demanding his release. Thousands of his followers have since been arrested and hundreds of party members have defected in what is seen as a crackdown against his party by the army and Sharif government. Both deny the political victimization of Khan and his party. 


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

Updated 01 January 2026
Follow

Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.