Ex-PM Khan’s party, long shunning dialogue with rivals, sets up engagement committee ahead of polls

This representational photo shows a view of a polling station PP-217 in Multan, Pakistan on July 17, 2022. (Photo courtesy: Social media)
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Updated 09 November 2023
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Ex-PM Khan’s party, long shunning dialogue with rivals, sets up engagement committee ahead of polls

  • Pakistan is beginning to witness formation of election alliances after the ECP announced national polls in February
  • PML-N has already forged an alliance with MQM-P in southern Sindh against the PPP to enhance its election prospects

ISLAMABAD: Former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party announced a five-member team to open communication with other political factions in the country which is beginning to witness election activities ahead of the national polls next year.
Earlier this month, the Election Commission of Pakistan (ECP) announced it was going to hold the electoral contest in the country on February 8 after consulting President Arif Alvi on the Supreme Court’s instructions to fulfil a constitutional requirement.
The PTI decision to constitute the committee arrives after the rival Pakistan Muslim League-Nawaz (PML-N) party reached an election alliance with the Muttahida Qaumi Movement-Pakistan (MQM-P) in the southern Sindh province which has mostly been ruled by the Pakistan Peoples Party (PPP) in recent decades.
“It is hereby notified that the following are appointed as members of Political Engagement Committee with immediate effect,” PTI secretary-general Omar Ayub Khan said in a notification shared by the party on Wednesday.
He named Barrister Ali Zafar, Dr. Humayun Mohmand, Ali Muhammad Khan, Ali Asghar Khan and Raoof Hasan to represent the party during the political engagements.

The PPP has already indicated it might get into some electoral understanding with the PTI in Punjab ahead of the elections.
A top PTI leader Asad Qaiser also met Jamiat-e-Ulama-e-Islam (JUI-F) chief Maulana Fazlur Rehman last month in what was viewed as an effort to reach some political understanding before the elections.
Qaiser was subsequently arrested by the authorities on graft charges, making the PTI claim the government was not providing a level playing field to all political parties in the country.


Pakistan signals commitment to regulate digital assets in meeting with Binance leadership

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Pakistan signals commitment to regulate digital assets in meeting with Binance leadership

  • Binance delegation led by CEO Richard Teng meets Pakistan’s prime minister, army chief in Islamabad
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s government has signaled its “strong commitment” to digital asset regulation as the country’s senior officials met the leadership of Binance, one of the world’s most prominent global cryptocurrency exchanges, the Prime Minister’s Office (PMO) said on Saturday. 

The Binance team, led by its Chief Executive Officer Richard Teng, is in Pakistan and has held meetings with Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib and senior Pakistani bank officials this week. 

Pakistan has been attempting to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight and encouraging innovation in blockchain-based financial services.

“Binance senior leadership visits Pakistan as government signals strong commitment to digital asset regulation,” the PMO said. 

A Binance delegation led by Teng met Chief of Army Staff and Chief of Defense Forces Field Marshal Syed Asim Munir in Islamabad. 

Saqib also attended the meeting and gave the Binance team a briefing about his organization.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.