Political parties reluctant to launch campaigns amid uncertainty over Pakistan’s election schedule

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A Pakistan anti-terrorist force personal uses a metal detector to check the area of the Election Commission in Islamabad on August 26, 2008. (AFP/File)
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Shah Mahmood Qureshi, Vice Chairman of Pakistan Tehreek-e-Insaf (PTI) party and Pakistan's former Foreign Affairs Minister speaks during a press conference in Islamabad on August 19, 2023. (AFP)
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Updated 20 August 2023
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Political parties reluctant to launch campaigns amid uncertainty over Pakistan’s election schedule

  • National polls are scheduled for November, though delimitation exercise may delay them till February
  • Political parties say they are ready for the contest but will mobilize people after election schedule announcement

ISLAMABAD: Pakistan’s major political parties remain reluctant to hit the campaign trail due to the uncertainty over the election schedule following a notification of the election commission to complete the delimitation of constituencies by December 14 which can delay the national polls.

The general elections in Pakistan are scheduled to be held within 90 days after the dissolution of the National Assembly on August 9, as per the constitution. However, the election commission announced to redraw national and provincial constituencies in keeping with the results of a recent digital census approved by the previous administration of Shehbaz Sharif. The process is likely to take time, surpassing the November deadline for the national polls.

All major political parties, including the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Peoples Party (PPP), have publicly demanded the election commission to hold the polls within the stipulated period, though they remain uncertain about the elections schedule. The country’s top body of lawyers, the Supreme Court Bar Association, also sought the apex court’s intervention this week for national polls to be held within the constitutionally mandated period.

“We have been waiting for the Supreme Court’s decision on the general elections date before starting our election campaign,” Pakistan Peoples Party’s information-secretary Faisal Karim Kundi told Arab News. “We want the election commission to hold the polls within 90 days after the dissolution of the National Assembly.”

Kundi said his party was ready for the elections, “but we don’t want to exhaust our workers without knowing when the elections would be held.”

“One of our teams is working on our manifesto which is expected to be rolled out in couple of weeks,” he said, adding that the PPP would start “active election campaign” to mobilize the public after the election commission would issue a formal schedule for the polls.

“So far, there is no clarity as to when the elections will take place,” he said.

Former prime minister Imran Khan’s PTI party also said it was “not sure” when to kick off the election campaign and mobilize its supporters.

“We have been facing the wrath of the state for being the most popular party in Pakistan,” Sayed Zulfi Bukhari, the ex-premier’s close aide, told Arab News. “Thousands of our workers have been arrested and dozens of senior party leaders are in jails for committing no crime. However, we are ready to take part in the polls.”

He said the PTI had already chalked out a strategy to contest the elections from each constituency across the country despite the “illegal and unconstitutional” crackdown against the party.

“This is a perfect example of pre-poll rigging as our leaders are being forced to switch their loyalty,” he continued. “A fresh wave of crackdown has been unleashed now. So, let’s see how many of our candidates they manage to remove from the party.”

The PTI leader maintained if the election commission failed to hold polls until November, it would be a violation of the constitution.

“The PTI opponents are petrified by its popularity, but we will contest the elections whenever they are held,” he said.

However, the PTI is currently facing multiple challenges, with its chairman and ex-prime minister Khan currently serving a three-year jail term on charges of illegally selling state gifts. He has also been disqualified for five years from holding public office and is now facing a major charge of being in breach of the Official Secrets Act.

Pakistan Muslim League-Nawaz (PML-N) secretary-information in Punjab province, Azma Zahid Bokhari, said her party had been waiting for the return of its founding leader, Nawaz Sharif, from London to kick off its election campaign.

“Nawaz Sharif is expected to return to Pakistan within a month now to lead our election campaign,” she informed.

Sharif has been in London since November 2019 after securing a medical bail following his conviction in a corruption reference. However, he maintains all charges against him are politically motivated and he never indulged in any wrongdoing.

Bokhari said the PML-N leadership was trying to prepare the election manifesto and launch a social media campaign.

“Our party is ready for the polls whenever they are held,” she maintained. “Delay or no delay, it doesn’t matter to us.”

Jamiat Ulema-e-Islam senior leader Shahida Akhtar Ali said her political faction may launch election activities in different constituencies from next month since the “situation remains unclear as to when the elections will be held.”

“The elections should be held within the constitutionally mandated time period,” she told Arab News, adding that her party was finalizing the manifesto and would distribute party tickets after the announcement of election schedule.

Senior leader of Muttahida Qaumi Movement-Pakistan (MQM-P) Syed Amin ul Haque said his party had inaugurated a central election office and was in the process of finalizing the manifesto within a couple of days.

“We have constituted committees at the provincial and district levels to allocate tickets to potential candidates to contest the polls, but we will kick off a formal election campaign after the process of delimitation of constituencies is completed,” he told Arab News.

However, the MQM-P had a different opinion from other political parties on when the general elections could be held.

“The process of delimitation should be completed as early as possible to hold free and fair elections by February next year,” Haque said.


Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’

Updated 22 February 2026
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Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’

  • Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves
  • Pakistan’s total external debt, liabilities stand at $138 billion at an overall average cost of around 4 percent, ministry says

KARACHI: Pakistan’s finance ministry on Sunday dismissed as “misleading” claims that the country is paying up to 8 percent interest on external loans, saying the overall average cost of external public debt is approximately 4 percent.

Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves, driven largely by a narrow tax base, chronic trade deficits, rising debt-servicing costs and repeated balance-of-payments pressures.

Over the decades, successive governments have turned to multilateral and bilateral lenders, including the International Monetary Fund, the World Bank and the Asian Development Bank, to support budgetary needs and shore up foreign exchange reserves.

The finance ministry on Sunday issued a clarification in response to a “recent press commentary” regarding the country’s external debt position and associated interest payments, and said the figures required contextual explanation to ensure accurate understanding of Pakistan’s external debt profile.

“Pakistan’s total external debt and liabilities currently stand at $138 billion. This figure, however, encompasses a broad range of obligations, including public and publicly guaranteed debt, debt of Public Sector Enterprises (both guaranteed and non-guaranteed), bank borrowings, private-sector external debt, and intercompany liabilities to direct investors. It is therefore important to distinguish this aggregate figure from External Public (Government) Debt, which amounts to approximately $92 billion,” it said.

“Of the total External Public Debt, nearly 75 percent comprises concessional and long-term financing obtained from multilateral institutions (excluding the IMF) and bilateral development partners. Only about 7 percent of this debt consists of commercial loans, while another 7 percent relates to long-term Eurobonds. In light of this composition, the claim that Pakistan is paying interest on external loans ‘up to 8 percent’ is misleading.

The overall average cost of External Public Debt is approximately 4 percent, reflecting the predominantly concessional nature of the borrowing portfolio.”

With respect to interest payments, public external debt interest outflows increased from $1.99 billion in Fiscal Year (FY) 2022 to $3.59 billion in FY2025, representing an increase of 80.4 percent, not 84 percent as reported. In absolute terms, interest payments rose by $1.60 billion over this period, not $1.67 billion, it said.

According to the State Bank of Pakistan’s records, Pakistan’s total debt servicing payments to specific creditors during the period under reference were as follows: the IMF received $1.50 billion, of which $580 million constituted interest; Naya Pakistan Certificates payments totaled $1.56 billion, including $94 million in interest; the Asian Development Bank received $1.54 billion, including $615 million in interest; the World Bank received $1.25 billion, including $419 million in interest; and external commercial loans amounted to nearly $3 billion, of which $327 million represented interest payments.

“While interest payments have increased in absolute terms, this rise cannot be attributed solely to an expansion in the debt stock,” the ministry said. “Although the overall debt stock has increased slightly since FY2022, the additional inflows have primarily originated from concessional multilateral sources and the IMF’s Extended Fund Facility (EFF) under the ongoing IMF-supported program.”

Pakistan secured a $7 billion IMF bailout in Sept. 2024 as part of Prime Minister Shehbaz Sharif’s efforts to stabilize the South Asian economy that narrowly averted a default in 2023. The government has since been making efforts to boost trade and bring in foreign investment to consolidate recovery.

“It is also important to note that the increase in interest payments reflects prevailing global interest rate dynamics. In response to the inflation surge of 2021–22, the US Federal Reserve raised the federal funds rate from 0.75-1.00 percent in May 2022 to 5.25–5.50 percent by July 2023. Although rates have since moderated to around 3.75 percent, they remain significantly higher than 2022 levels,” the finance ministry said.

“The government remains committed to prudent debt management, transparency, and the continued strengthening of Pakistan’s macroeconomic stability,” it added.