Party of Pakistan’s Ex-PM Nawaz Sharif launches election campaign

People walk past a banner of the Pakistan Muslim League Nawaz (PML N) party with an image of former prime minister of Pakistan and candidate Nawaz Sharif in Lahore on January 9, 2024, ahead of Pakistan's upcoming general election. (AFP/File)
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Updated 15 January 2024
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Party of Pakistan’s Ex-PM Nawaz Sharif launches election campaign

  • Sharif faces widespread accusations the military’s support is already giving him an edge over rivals
  • Military says it remains apolitical, major players such as PPP and PTI have already begun campaigns

ISLAMABAD: The party of Pakistan’s former prime minister Nawaz Sharif, considered the front-runner to win upcoming general elections, launched its campaign on Monday amid accusations that the military’s support is already giving him an edge over rivals.

The campaign for the Feb. 8 polls, delayed since November, looks set to fire up a lukewarm race so far amid an uncertain political environment after Sharif’s main rival and jailed former premier Imran Khan’s party is facing what is considered a military-backed crackdown.

Sharif’s daughter Maryam Nawaz, who is also considered his political heir, started the party’s campaign at a rally in the eastern city of Okara in Punjab province.

“The more you vote for us the more you will see your household expenses going down,” she said amid inflation that has been hovering around 30 percent in recent months.

Sharif, who returned from self-exile in London late last year, has pledged to rebuild the country’s $350 billion economy, which is battling high inflation, an unstable currency and low foreign exchange reserves, despite averting a debt default with an IMF bailout last summer.

Analysts believe the South Asian nation’s powerful military has thrown its backing to Sharif, 74, after it was locked in a standoff with former cricket star Khan, 71.

That gives Sharif an edge in a country where army generals exert undue influence over establishing governments.

The military denies the accusations, and says it remains apolitical.

Major players such as the Pakistan Peoples Party (PPP) of late prime minister Benazir Bhutto have already begun campaigns, but these have been muted compared to past polls.

The Pakistan Muslim League-Nawaz has started its campaign late, while Khan’s Pakistan Tehreek-e-Insaf (PTI) says it is not being allowed rallies by the authorities.

Khan’s PTI, which analysts and political opponents say won the 2018 elections with the military’s support, is facing state-backed efforts to block candidates on legal and technical grounds.

Sharif, elected prime minister in 1990, 1997, and 2013, has blamed his 2017 ouster and subsequent corruption convictions on the military, with which he had fallen out.


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

Updated 01 January 2026
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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.