Newly elected lawmakers take oath at Pakistan’s Sindh provincial assembly amid opposition protests

The newly elected Sindh provincial assembly holds its inaugural session in Karachi, Pakistan on February 24, 2024. (AN Photo)
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Updated 24 February 2024
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Newly elected lawmakers take oath at Pakistan’s Sindh provincial assembly amid opposition protests

  • Ex-FM Bilawal Bhutto-Zardari’s PPP party won 84 seats in 130-member House in the Feb. 8 elections
  • The PPP party has nominated Murad Ali Shah for the post of chief minister of the southern province

KARACHI: Newly elected lawmakers on Saturday took oath in an inaugural session of the Sindh provincial assembly, amid protests by opposition parties over alleged rigging of Feb. 8 national election in Pakistan.

The Pakistan Peoples Party (PPP) bagged the highest 84 seats in the southern Pakistani province, followed by the Muttahida Qaumi Movement-Pakistan (MQM-P) that secured 28 seats, while 14 seats went to independents. The Jamaat-e-Islami (JI) religious party and the Grand Democratic Alliance (GDA) won two seats each.

Supporters of the JI, GDA, Jamiat Ulema-e-Islam (JUI) and other nationalist parties gathered near the provincial assembly in Karachi’s South zone to protest alleged manipulation of Feb. 8 election, which was marred by a mobile network outage and delays in release of constituency results.

Hundreds of police personnel were deployed to keep opposition supporters from heading forward to the Sindh Assembly building, with local media reporting dozens of arrests. Outgoing Speaker of the Sindh Assembly Agha Siraj Durrani administered oath to the newly elected lawmakers during the inaugural session.

“I do solemnly swear that I will bear true faith and allegiance to Pakistan, that as a member of the provincial assembly of Sindh, I will perform my functions honestly, to the best of my ability, faithfully, in accordance with the Constitution of the Islamic Republic of Pakistan, the law and the rules of the assembly, and always in the interest of sovereignty, integrity and solidarity, well-being and prosperity of Pakistan,” Durrani said as he read out the oath to the lawmakers.

“May Allah Almighty help me and guide me.”

In view of the protest calls, the Sindh caretaker government on Friday imposed a ban under Section 144 on public assembly, gatherings, protests, processions, and demonstrations in Karachi’s South zone, where the provincial legislature is located, for a period of 30 days, according to the provincial home department.

Section 144 of the Code of Criminal Procedure (CrPC) empowers the administration to issue orders in public interest and place a ban on any activity for a specific period of time.

The oath-taking ceremony came a day after the PPP nominated Murad Ali Shah, former Sindh chief minister, for the top provincial office once again, Syed Owais Shah for the role of speaker, and Anthony Naveed for the post of deputy speaker of the Sindh provincial assembly.

“We will not only compete with the governments of other provinces but also with the Center in performance,” Bilawal Bhutto-Zardari, a former foreign minister and the PPP chairman, said at a meeting of newly elected party lawmakers in Karachi.

The PPP chairman announced that his party would forge a working relationship with all opposition parties in Sindh and address their legitimate grievances, according to a PPP statement. He urged the newly elected lawmakers to play their role in resolving the people’s problems in their respective constituencies.

“Be my eyes and ears,” Bhutto-Zardari was quoted as saying. “You play the role of a bridge between the people of your constituency and me; you are my ambassador to the people.”


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.