Ex-PM Khan has given green signal for dialogue with political parties, says aide

Pakistan’s former Prime Minister Imran Khan (C) leaves after appearing in the Supreme Court in Islamabad on July 24, 2023. (AFP/File)
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Updated 11 June 2024
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Ex-PM Khan has given green signal for dialogue with political parties, says aide

  • Imran Khan, 71, has been in prison since August 2023 after being convicted on corruption charges
  • Ex-PM wants political leader Mahmood Khan Achakzai to lead dialogue with political parties, says aide

ISLAMABAD: Former prime minister Imran Khan has given the green signal for a dialogue with Pakistan’s political parties, his aide Gohar Ali Khan confirmed on Tuesday, saying that the ex-cricketer wanted Pashtoonkhwa Milli Awami Party (PkMAP) Chairman Mehmood Khan Achakzai to lead the talks.

According to media reports, a senior judge of the top court last Thursday urged Khan to initiate dialogue with politicians in the country to address Pakistan’s pressing issues. The former premier had joined a Supreme Court hearing via video link in a case relating to amendments made to the country’s anti-graft laws. 

Khan, who remains incarcerated in Rawalpindi’s Adiala Jail since August after being convicted on corruption charges, has vowed not to hold talks with his political rivals and rejected the possibility of any “deal” with the government, which he accuses of coming to power after heavily rigging Pakistan’s national election held in February. 

Local media reported on Monday that Khan had accepted the Supreme Court judge’s advice to engage political parties, including the Pakistan Muslim League Nawaz (PML-N) and the Pakistan Peoples Party (PPP), in a dialogue. The two parties are chief rivals of his Pakistan Tehreek-e-Insaf (PTI).

“Today, Khan gave permission for it [dialogue with political parties],” Gohar told reporters in Rawalpindi after holding a meeting with the former prime minister in Adiala prison. “He has allowed Mahmood Khan Achakzai to take the dialogue forward.”

Gohar shared that the former premier was ready to forgive “atrocities” committed against him by the government. 

“There is no offer of a deal neither are we going for one,” he said. “Dialogue is a separate thing and that should take place.”

In an indirect reference to Pakistan’s powerful military, he said the “power brokers and other powers” should be serious in taking the political process forward. 

Khan was ousted as Pakistan’s prime minister in April 2022 via a parliamentary vote. The former premier alleges the vote was orchestrated by Washington, whom he accused of colluding with Pakistan’s former army chief General (retired) Bajwa and the PPP and PML-N to remove him from power. All three have denied Khan’s accusations. 

Political tensions in Pakistan came to a head last year on May 9 when angry Khan supporters attacked military and government installations in many parts of the country. The attacks were in response to Khan’s brief arrest on May 9. 

Pakistan’s government and military launched a crackdown on Khan’s PTI party after the riots, rounding up hundreds of its leaders and supporters across the country. The party has distanced itself from the attacks, rejecting the government’s allegations that it instigated them. 


IMF Executive Board to review $1.2 billion loan disbursement for Pakistan today

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IMF Executive Board to review $1.2 billion loan disbursement for Pakistan today

  • Pakistan, IMF reached a Staff-Level Agreement in October for second review of $7 billion Extended Fund, climate fund program
  • Economists view IMF bailout packages as essential for cash-strapped Pakistan grappling with a prolonged macroeconomic crisis

ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) is set to meet in Washington today to review a $1.2 billion loan disbursement for Pakistan, state media reported on Monday.

Pakistan and the IMF reached a Staff-Level Agreement (SLA) in October for the second review of a $7 billion Extended Fund Facility (EFF) and the first review of its $1.4 billion Resilience and Sustainability Facility (RSF). 

The agreement between the two sides took place after an IMF mission, led by the international lender’s representative Iva Petrova, held discussions with Pakistani authorities during a Sept. 24–Oct. 8 visit to Karachi, Islamabad and Washington D.C.

“The International Monetary Fund’s (IMF) Executive Board is set to meet in Washington today to review and approve $1.2 billion in loan for Pakistan,” state broadcaster Pakistan TV reported. 

Pakistan has been grappling with a prolonged macroeconomic crisis that has drained its financial resources and triggered a balance of payments crisis for the past couple of years. Islamabad, however, has reported some financial gains since 2022, which include recording a surplus in its current account and bringing inflation down considerably.

Economists view the IMF’s bailout packages as crucial for cash-strapped Pakistan, which has relied heavily on financing from bilateral partners such as Saudi Arabia, China and the United Arab Emirates, as well as multilateral lenders including the IMF, World Bank, Asian Development Bank and Islamic Development Bank. 

Speaking to Arab News last month, Pakistan’s former finance adviser Khaqan Najeeb said the $1.2 billion disbursement will further stabilize Pakistan’s near-term external position and unlock additional official inflows.

“Continued engagement also reinforces macro stability, as reflected in recent improvements in inflation, the current account, and reserve buffers,” Najeeb said.

Pakistan came close to sovereign default in mid-2023, when foreign exchange reserves fell below three weeks of import cover, inflation surged to a record 38% in May, and the country struggled to secure external financing after delays in its IMF program. Fuel shortages, import restrictions, and a rapidly depreciating rupee added to the pressure, while ratings agencies downgraded Pakistan’s debt and warned of heightened default risk.

The crisis eased only after Pakistan reached a last-minute Stand-By Arrangement with the IMF in June 2023, unlocking emergency support and preventing an immediate default.