Pakistani designer, ex-PM Khan supporter announces relinquishing US citizenship for reserved seat

An undated file photo of Pakistani-American fashion designer Khadija Shah. (Photo courtesy: elan.pk)
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Updated 31 July 2024
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Pakistani designer, ex-PM Khan supporter announces relinquishing US citizenship for reserved seat

  • Khadijah Shah was among thousands arrested in connection with May 9, 2023 riots
  • Pakistani law forbids dual nationals from serving as members of the parliament

ISLAMABAD: Prominent Pakistani-American fashion designer Khadijah Shah announced this week that she would relinquish her US nationality, saying that former prime minister Imran Khan had nominated her to represent his party in parliament on a reserved seat for women. 

Shah, the founder of the luxury fashion brand Elan, was among thousands of people, including grassroots supporters and key Khan aides, who were rounded up after Khan’s arrest in a land graft case on May 9 unleashed nationwide protests in which his followers attacked and damaged government and military properties, including Lahore’s Jinnah House, the residence of a top army commander.

The designer, a vocal Khan supporter, was accused in four cases connected to the events of May 9 due to which she was imprisoned at the Kot Lakhpat Jail in Pakistan’s eastern city of Lahore for over six months. She secured bail in the last of these cases in November 2023 but an anti-terrorism court (ATC) in Lahore granted Quetta police a two-day transitory remand of the designer days later in a case in which she was accused of murder and attempted murder in the May 9 riots. 

In December last year, she was released by the anti-terrorism court on bail for want of evidence, her lawyer said. 

“Making the decision to relinquish my US citizenship, which guarantees freedom, safety, and opportunity, was not easy,” Shah wrote on the social media platform Instagram.

“However, Pakistan is my motherland, the place I call home, and the country where I’ve built my life. I cannot give up on it and my people.”

Pakistani law prohibits dual nationals from serving as members of parliament.

Shah spoke about her incarceration, saying she had suffered “unimaginable injustice” over the past year-and-a-half, adding that it had also inspired her to “make a difference for Pakistan.”

“I’m honored that Chairman PTI and my lifelong hero, Imran Khan, considered me worthy of representing his party and being part of his vision for Pakistan,” she said. “I accepted his offer to take the reserved seat and hope to live up to his expectations and those of my fellow citizens.”

Shah said that until her “dual nationality issue is resolved,” she has chosen Mehrunnisa Sajjad, a barrister and Oxford University graduate, to represent her in Khan’s Pakistan Tehreek-e-Insaf (PTI) party and parliament. 

“Like me, Mehrunnisa is passionate about fighting for the rights of the marginalized, establishing genuine democracy, and driving progress in Pakistan,” the designer wrote. 

“I’m proud to have nominated such an exceptional young Pakistani woman to represent PTI and myself in parliament.”

Shah is the daughter of Dr. Salman Shah, a member of the finance team of former military ruler General Pervez Musharraf. Her father had also served as an adviser in the Punjab government during Khan’s tenure as prime minister. She is the granddaughter of a former Pakistani army chief.

Khan’s PTI faced a widening crackdown after May 9, with thousands of his followers arrested and dozens of members of his party, including some of his closest aides, deserting him.

Khan, who ruled Pakistan as its prime minister from 2018 to April 2022, has been in jail since August 2023, even though all four convictions handed down to him ahead of a parliamentary election in February have either been suspended or overturned. 

Khan says all legal cases against him are motivated to keep him out of politics and suppress his party’s popularity. Pakistan’s government and military deny these charges. 


Pakistan revises screening criteria for Shariah-compliant index to boost investor confidence

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Pakistan revises screening criteria for Shariah-compliant index to boost investor confidence

  • Revised framework to encourage listed companies to adopt Shariah-compliant capital structures, says regulator
  • Revisions introduce rating mechanism for companies to enable investors to assess Shariah compliance levels 

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) announced on Thursday that it has approved revisions to the Shariah screening criteria and methodology for companies listed on the Pakistan Stock Exchange (PSX) that comply with Islamic regulations, with the move aimed at boosting investor confidence. 

The PSX-KMI All Share Index comprises all Shariah-compliant companies listed on the PSX. The index has been designed to track the performance of all Shariah-compliant companies listed on the stock market. 

The SECP’s decision to approve the revisions was taken after a meeting Pakistan’s finance secretary chaired on implementing initiatives in line with the Federal Shariat Court’s 2024 ruling on eliminating “riba” or interest from the country before Jan. 1, 2028.

“The revised framework is expected to support the development of the Islamic capital market, facilitate informed investment decisions, and encourage listed companies to adopt Shariah-compliant capital structures,” the SECP said in a statement. 

“Under the new criteria, the non-compliant debt-to-total assets ratio has been reduced from 37 percent to 33 percent.”

A new Shariah compliance rating mechanism has been introduced as per the revisions, the SECP said. The new rating mechanism assigns three, four or five-star ratings to qualifying companies to enhance transparency and help investors assess Shariah compliance levels.

The statement said that a list of Shariah-compliant companies for the PSX-KMI All Share Index will be published with a five-working-day objection window for evidence-based requests for revision.

The SECP said that a mechanism has also been introduced for the interim inclusion of newly listed companies, subject to screening and approval by the KMI Index Committee.

“SECP has further advised PSX to consider additional enhancements, including reducing the non-compliant investments-to-total assets ratio from 33 percent to 30 percent, introducing quarterly index updates, and automating data collection,” the statement said. 

Islamic finance has become a significant part of the global financial system, with countries across the Middle East and Southeast Asia using Shariah-compliant instruments to attract savings and investment.

In Pakistan, officials see the sector as a way to broaden financial inclusion, promote a savings culture, and offer alternatives to conventional interest-based products.

The Central Directorate of National Savings, the country’s main state-run savings institution, last month recorded Rs23.6 billion ($84 million) in Islamic finance inflows between July 1, 2025, and Jan. 23, 2026. 

The inflows brought the institution close to its Rs25 billion ($89 million) Islamic finance target for the ongoing fiscal year ending in June, reflecting a rising demand for interest-free investment options in Pakistan.