ISLAMABAD: In a significant development, the Peshawar High Court (PHC) overturned the decision of Pakistan’s election regulatory authority to revoke the symbol of former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, declaring it unconstitutional and enabling the PTI to regain it.
The Election Commission of Pakistan (ECP) took away the “cricket bat” as PTI’s election symbol in an order issued on December 22 after declaring its intraparty polls null and void for violating its regulations.
Khan’s party moved the PHC against the decision which led to the restoration of its election symbol ahead of the Feb. 8 national polls. Later, the court temporarily upheld the ECP order in a review petition, though it continued the case proceedings and ultimately issued its verdict in favor of the party.
“The Peshawar High Court has announced that the Election Commission of Pakistan took the ‘bat’ symbol from PTI forcefully and it was snatched away by issuing an illegal order,” Barrister Ali Zafar told the media after the verdict was announced. “That decision has been declared null and void, and the ECP has been asked to give the ‘bat’ symbol back to the PTI immediately.”
“No one can stop the PTI from winning the elections after this,” he added.
Election symbols are crucial in Pakistan where, according to World Bank data, the adult literacy rate is just 58 percent.
The cricket bat is reflective of ex-PM Khan’s past as a successful cricketer, who led Pakistan to their only 50-over World Cup win in 1992, propelling him to an unrivaled position among the country’s cricket greats.
Political analysts previously said without the restoration of their election symbol, the PTI leaders would have to contest the upcoming elections as independent candidates.
“The election commission cannot snatch a party’s election symbol even if it does not hold intraparty polls,” Zafar told the PHC a day earlier. “The ECP’s verdict [against the party] should be nullified since it has been made with malafide intention.”
The PTI has frequently complained in recent months it is not getting a level playing field ahead of the next general elections.
Many of its top leaders are facing a number of legal cases against them and are currently incarcerated in high-security prisons in different Pakistani cities.
Pakistani court restores ex-PM Khan’s party symbol ahead of national polls, rules revocation unconstitutional
https://arab.news/6mq77
Pakistani court restores ex-PM Khan’s party symbol ahead of national polls, rules revocation unconstitutional
- The country’s election body took away ‘cricket bat’ as PTI’s symbol while declaring its intraparty polls null and void
- PTI leader Barrister Ali Zafar says no one can stop his party from winning the elections after the high court decision
Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target
- Finance Adviser Khurram Schehzad says this was the highest-ever Sukuk issuance in a single calendar year since 2008
- Pakistan’s Federal Shariat Court ordered in 2022 the entire banking system to transition to Islamic principles by 2027
ISLAMABAD: Pakistan’s Finance Adviser Khurram Schehzad on Monday said the country achieved a landmark breakthrough in Islamic finance by issuing over Rs2 trillion ($7 billion) sukuk this year, bringing it closer to its 20 percent Shariah-compliant debt target by Fiscal Year 2027-28.
A sukuk is an Islamic financial certificate, similar to a bond, but it complies with Shariah law, which forbids interest. Pakistan’s Federal Shariat Court (FSC) had directed the government in April 2022 to eliminate interest and align the country’s entire banking system with Islamic principles by 2027.
Following the ruling, the government and the State Bank of Pakistan (SBP) have undertaken a series of measures, including legal reforms and the issuance of sukuk to replace interest-based treasury bills and investment bonds.
“In 2025, the Ministry of Finance (MoF) through its Debt Management Office, together with its Joint Financial Advisers (JFAs), successfully issued over PKR 2 trillion in Sukuk,” Schehzad said on X, describing it as “the highest-ever Sukuk issuance in a single calendar year since 2008 by Pakistan.”
Pakistan made a total of 61 issuances across one-, three-, five- and 10-year tenors, according to the finance adviser. The country also successfully launched its first Green Sukuk, a Shariah-compliant bond designed to fund environment-friendly projects.
He said the Green Sukuk was 5.4 times oversubscribed, indicating investor demand was more than five times higher than the amount the government planned to raise, which showed strong market confidence.
“The rising share of Islamic instruments in the government’s domestic securities portfolio (domestic debt) underscores strong momentum, growing from 12.6 percent in June 2025 to around 14.5 percent by December 2025, clearly positioning the MoF to achieve its 20 percent Shariah-compliant debt target by FY28,” Schehzad said.
“This milestone also reflects the structural deepening of Pakistan’s Islamic capital market, sustained investor confidence, and the strengthening of sovereign debt management.”
He said Pakistan was strengthening its government securities market by making it more resilient, diversified, and future-ready, supported by a stabilizing macroeconomic environment, a disciplined debt strategy, and a clear roadmap for Islamic finance.
