Religious parties likely to fill ‘political vacuum’ as Pakistan heads to polls on Feb. 8 — analysts 

In this picture taken on July 28, 2018, a Pakistani man walks past election posters of one of the candidates of Sunni Muslim religious party Tehreek-e-Labbaik Pakistan (TLP) in Rawalpindi. (AFP/File)
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Updated 03 January 2024
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Religious parties likely to fill ‘political vacuum’ as Pakistan heads to polls on Feb. 8 — analysts 

  • Pakistan has 23 religious parties among a total of 175 political parties registered with its election oversight body 
  • Analysts say religious parties may perform better in this election if they form alliance with major political groups 

ISLAMABAD: Religio-political parties are expected to fill a “political vacuum,” stemming from a crackdown on former prime minister Imran Khan’s party, and perform better in the upcoming general election scheduled for February 8, political analysts said this week. 

Khan, who was ousted from power in a parliamentary no-trust vote, was briefly arrested in a graft case on May 9, 2023. His detention sparked violent demonstrations across the country, with his supporters ransacking government and military installations and torching public property. The attacks prompted a crackdown on Khan’s Pakistan Tehreek-e-Insaf (PTI) party, which saw several senior figures defect, be arrested or driven underground. 

The ex-premier, who is in jail since August after being convicted in another graft case, alleges Pakistan’s powerful military and the caretaker government are colluding with dynastic parties that have long dominated the country to crush his movement and prevent him from running for office. The government and the military deny it. 

Khan’s incarceration and disintegration of his party has led to a political vacuum in the South Asian country, which analysts believe is likely to be filled by religious parties. 

“The vote bank of religious political parties is expected to increase in this election in the wake of crackdown against PTI,” Sabookh Syed, an expert on religio-political parties, told Arab News. “But this is yet to be seen if an increase in their votes will ultimately translate into an increase of seats as well.” 

There are around 23 religious parties out of a total of 175 registered political parties in Pakistan, but their standing in elections has been weak as compared to mainstream political groups. Historically, these parties, especially the Jamat-e-Islami and the Jamiat Ulema-e-Islam (JUI), have performed well, when they forged electoral alliances with other major parties. 

In the 2018 general election, at least 12 religio-political parties participated in the polls and secured 5.2 million of the total 54.3 million votes polled across the country. The Muttahida Majlis-e-Amal, an alliance of religio-political parties that also included the JUI and the JI, secured 12 National Assembly seats by bagging 2.5 million votes. 

Unlike the past, Syed noted, religious parties have forged no electoral alliance for this election, while they still enjoy a significant support in certain areas, including southern parts of Khyber Pakhtunkhwa, southern Punjab and rural areas of Sindh and Balochistan provinces. 

“Religious parties have historically never performed well in electoral politics in terms of number of seats, but have played a crucial role in forming governments,” he said. 

For the upcoming election, the JUI of Maulana Fazlur Rehman and the Sirajul Haq-led JI are campaigning to capture the religious vote bank without forming an alliance of religious parties, though they are negotiating with other political parties for seat adjustments in different areas. 

The religious vote bank is scattered across the country, therefore the votes of religious parties hardly translate into electoral seats, according to Zaigham Khan, a political analyst. 

These parties secured a significant number of seats in national and provincial assemblies, when they forged electoral alliances with major political parties in the 2002 and 2013 elections. 

“The position of these parties relatively appears better in this election due to the overall political environment,” Khan said, adding the JI may perform better in Karachi and KP, if it goes for seat adjustment with Khan’s PTI. 

Likewise, he said, the JUI can perform well in KP and Balochistan, if it forms an electoral alliance with other major political parties, like the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP). 

Another religious party, the Tehreek-e-Labbaik Pakistan (TLP), secured around 5 percent of votes polled in 2018 election, but it could only grab two provincial assembly seats from Karachi. 

The TLP’s vote bank could increase further in this election, according to Khan. 

“The vote bank of TLP may increase a bit in this election due to an expected political vacuum, but they are not expected to give any setback to other major parties,” he said. 


IMF board to approve Pakistan reviews today ‘if all goes well,’ say officials

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IMF board to approve Pakistan reviews today ‘if all goes well,’ say officials

  • IMF’s executive board is scheduled to meet today to discuss the disbursement of $1.2 billion
  • Economists say the money will boost Pakistan’s forex reserves, send positive signals to investors

KARACHI: The International Monetary Fund’s (IMF) executive board is scheduled to meet today, Monday, to approve the release of about $1.2 billion for Pakistan under the lender’s two loan facilities, said IMF officials who requested not to be named.

The IMF officials confirmed the executive board was going to decide on the Fund’s second review under the $7 billion Extended Fund Facility (EFF) and first review under the $1.4 billion Resilience and Sustainability Facility (RSF), a financing tool that provides long-term, low-cost loans to help countries address climate risks.

“The board meeting will be taking place as planned,” an IMF official told Arab News.

“The board is on today yes as per the calendar,” said another.

A well-placed official at Pakistan’s finance ministry also confirmed the board meeting was scheduled today to discuss the next tranche for Pakistan.

The IMF executive board’s meeting comes nearly two months after a staff-level agreement (SLA) was signed between the two sides in October.

Procedurally, the SLAs are subject to approval by the executive board, though it is largely viewed as a formality.

“If all goes well, the reviews should pass,” said the second IMF official.

On approval, Pakistan will have access to about $1 billion under the EFF and about $200 million under the RSF, the IMF said in a statement in October after the SLA.

The fresh transfer will bring total disbursements under the two arrangements to about $3.3 billion, it added.

Experts see smooth sailing for Pakistan in terms of the passing of the two reviews, saying the IMF disbursements will help the cash-strapped nation to strengthen its balance of payments position.

Samiullah Tariq, group head of research at Pakistan Kuwait Investment Company Limited, said the IMF board’s approval will show that Pakistan’s economy is on the right path.

“It obviously will help strengthen [the country’s] external sector, the balance of payments,” he told Arab News.

Until recently, Pakistan grappled with a macroeconomic crisis that drained its financial resources and triggered a balance of payments crisis.

Pakistan has reported financial gains since 2022, recording current account surpluses and taming inflation that touched unprecedented levels in mid-2023.

Economists also viewed the IMF’s bailout packages as crucial for cash-strapped Pakistan, which has relied heavily on financing from bilateral partners such as Saudi Arabia, China and the United Arab Emirates, as well as multilateral lenders.

Saudi Arabia, through the Saudi Fund for Development, last week extended the term of its $3 billion deposit for another year to help Pakistan boost its foreign exchange reserves, which stood at $14.5 billion as of November 28, according to State Bank of Pakistan statements.

“In our view this [IMF tranche] will be approved,” said Shankar Talreja, head of research at Karachi-based brokerage Topline Securities Limited.

“This will help strengthen reserves and will eventually help a rating upgrade going forward,” he said.

The IMF board’s nod, Talreja said, would also send a signal to the international and local investors regarding the continuation of the reform agenda by Pakistan’s government.