Ex-PM Khan’s PTI says mulling merger with religious Majlis Wahdat-e-Muslimeen party

Supporters of Khan's Pakistan Tehreek-e-Insaf (PTI) party block Peshawar to Islambad highway as they protest against the alleged skewing in Pakistan's national election results, in Peshawar, Pakistan, on February 11, 2024. (AFP)
Short Url
Updated 12 February 2024
Follow

Ex-PM Khan’s PTI says mulling merger with religious Majlis Wahdat-e-Muslimeen party

  • Khan-backed candidates, who contested as independents, won the highest number of seats in national polls 
  • Since they contested as independents, Khan’s party will not have a share in reserve seats for women, minorities

ISLAMABAD: Former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party is mulling a merger with the religious party Majlis Wahdat-e-Muslimeen, a senior leader of the PTI confirmed on Sunday, as it eyes reserve seats in parliament to form its government at the center. 

Pakistan’s election regulator announced the unofficial results of the 2024 general elections according to which independent candidates, many of whom were affiliated with Khan’s PTI party, secured the highest number of seats, 101. 

Last month, Pakistan’s top court upheld a court ruling that stripped the PTI of its electoral symbol, a cricket bat. As a result, Khan’s candidates were forced to contest polls as independent ones. This meant the party would not be entitled to reserve seats for minorities and women in parliament, which helps parties form the federal government. 

Along with the 266 directly elected seats, there are also 70 reserved seats — 60 for women and 10 for non-Muslims— allocated based on each party’s strength in the National Assembly, to determine their final standing. 

One of the strategies at the PTI’s disposal is to join a smaller party in parliament to form a single bloc to fulfill the requirement for them to be allocated reserve seats, and hence, put up a joint candidate for the post of prime minister. 

“Alliance with MWM is definitely an option we are considering seriously,” Khan’s close aide and media adviser, Sayed Zulifkar Bukhari, told Arab News.

The MWM is a Pakistani religious and political organization that advocates for the rights of Shia Muslims in the country. During national polls, the PTI and MWM joined forces to help the MWM candidate win the NA-37 constituency. The MWM has only one seat in the parliament. 

Bukhari said the PTI would “definitely” merge with a party.

“We will look into reserve seats as well,” he said. “We also hope to win a majority of our challenged seats where the public’s mandate has been stolen,” Bukhari added. 

He said if the PTI is not able to form its government at the center, it would feature in the strongest opposition that Pakistan has ever seen. 

“We definitely would not be forming any govt with Pakistan Muslim League-Nawaz (PML-N) or the Pakistan Peoples Party (PPP) as PDM 2 is doomed for failure,” Bukhari said, referring to the Pakistan Democratic Alliance (PDM), a coalition of anti-PTI parties comprising PPP, PML-N and others that challenged Khan’s government. 

Husnain Zaidi, an MWM spokesperson, said his party would unconditionally welcome all PTI parliamentarians and facilitate them according to their preferences. 

“We have an alliance with them and will not hesitate to demonstrate our platform to them,” Zaidi told Arab News. 

He said both parties were in contact with each other over a possible merger, adding that a formal decision on the matter would be reached soon.

 “Regarding the reserve seats, the decision will be made by the PTI, and we will cooperate with them accordingly,” he said. 

Meanwhile, PML-N leader and former three-time prime minister Nawaz Sharif has invited other political parties in the country, such as the Muttahida Quami Movement Pakistan (MQM-P) and the Pakistan Peoples Party (PPP) to help it form a coalition government at the center. 
 


Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

Updated 13 January 2026
Follow

Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

  • The development came after Iran said it was keeping communication channels with Washington open amid cost-of-living protests
  • It followed a threat by President Donald Trump last week to intervene militarily if Tehran continued cracking down on protesters

ISLAMABAD/KARACHI: The Pakistan Stock Exchange (PSX) edged higher on Tuesday as the benchmark index gained more than 1,500 points, with analysts citing easing regional tensions following signals of potential talks between Iran and the United States (US).

The benchmark KSE-100 index gained 1,567.36 points, or 0.86 percent, to close at 183,951.50 points, compared to the previous close of 182,384.14 points when the market had shed more than 2,000 points, according to PSX data.

Iran has been witnessing public unrest over worsening economic conditions. Around 2,000 people, including security personnel, have been killed in violent protests, Reuters reported, citing an Iranian official.

Tehran said on Monday that it was keeping communication channels with Washington open as US President Donald Trump imposed 25 percent tariffs on countries trading with the Islamic republic.

“Stocks showed sharp recovery at PSX after Iran and US signal talks over unrest in Iran,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

“Surging global crude oil prices and speculations ahead of corporate results in the earnings season played a catalyst role in bullish close.”

Najeeb Ahmed Khan Warsi, digital and retail business officer at Al-Habib Capital Market, said the index had seen a three-day bearish streak.

“Geopolitics and global volatility driving downturn, profit-taking and economic concerns weigh in,” he added.

Meanwhile, Pakistani market research firm Topline Securities said the benchmark index ended the session on a “positive note” on Tuesday.

“Trading interest remained subdued, as total market volumes reached 1,033 million shares, while the value of shares traded stood at Rs62.9 billion,” it said in a daily market review on X.

United Bank Limited (UBL), National Bank of Pakistan (NBP), Muslim Commercial Bank Limited (MCB), Lucky Cement Limited (LUCK) and Meezan Bank Limited (MEBL) jointly contributed 936 points to the index, according to the research firm.

Fauji Fertilizer Company Limited (FFC), Sazgar Engineering Works Limited (SAZEW) and Haleon Pakistan Limited (HALEON) collectively shaved 158 points off the index.

“Bank of Punjab (BOP) led the volume rankings, emerging as the most actively traded stock with 73 million shares,” Topline Securities added.