Candidates backed by Altaf Hussain’s MQM arrested ahead of national polls in Pakistan’s southeast

Policemen stand guard along a street in Karachi on February 1, 2024, ahead of the general elections. (AFP/File)
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Updated 06 February 2024
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Candidates backed by Altaf Hussain’s MQM arrested ahead of national polls in Pakistan’s southeast

  • Hussain’s ‘MQM-London’ has been facing an unannounced ban since he made a controversial speech in 2016
  • The party announced its decision to back 81 independent candidates over the weekend, surprising political rivals

KARACHI: At least three candidates backed by Altaf Hussain’s Muttahida Qaumi Movement (MQM) have been arrested ahead of the February 8 general elections, said a London-based party official on Tuesday, adding the police were also behind 15 others whose houses had been raided in Karachi and Hyderabad cities of Sindh province.

Hussain founded the MQM in 1984 and turned it into a significant force in Karachi before going into self-imposed exile in London in the early 1990s. He continued to manage it remotely for the next three decades, and the MQM won several elections during this period.

However, he made a controversial speech on August 22, 2016, which was deemed as anti-Pakistan and triggered a crackdown which led to the arrest of party workers and sealing of the MQM Karachi headquarters, Nine Zero.

Following the incident, Hussain’s deputies distanced themselves from his politics and formed MQM-Pakistan, which secured five national seats in the 2018 general elections. The Hussain-led party, also known as MQM-London, decided to boycott the elections.

Last Sunday, the MQM-London announced it was backing 81 candidates, which prompted a crackdown against them in Karachi and Hyderabad.

The MQM leader Mustafa Azizabadi said that a large-scale crackdown began soon after the party announced the backing of independent candidates.

“Our PS-126 candidate Dr. Osama Anjum and PS-108 contender Tehseen Abbasi have been arrested in Karachi, while Iqbal Arian, who is contesting from PS-65 Hyderabad, has also been detained,” he told Arab News, urging the chief justice of Pakistan to instruct the authorities to release the candidates immediately.

“Separately, raids have been conducted on the homes of 15 other candidates,” he added.

“Two of our candidates, Nisar Ahmed Panhwar, who is contesting for a National Assembly seat, and his son Mohsin Panhwar, who is in the race for a provincial seat, have already gone missing,” Azizabadi informed.

Sindh’s interim home minister, Brig. (r) Haris Nawaz, information minister, Ahmed Shah, and a police spokesperson in Karachi city did not respond to requests for comment.

Among the 81 candidates supported by Hussain’s party, 27 are competing for the National Assembly seats, 19 of them from Karachi, two from Hyderabad, while the rest are contesting from various other districts of Sindh province. At least 15 of them were assigned the letter “A” as their election symbol.

Among the 54 contenders for provincial seats, 37 are contesting from different Karachi constituencies, while the rest are running from other urban areas in the province.

Twenty-five of these provincial assembly candidates have secured the symbol “A,” suggesting that they were supported by Hussain from the outset, though the MQM-London did not announce it until the ballot papers were printed.


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
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Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving 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.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — 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.