LAHORE: Thousands of people arrived in Lahore from different parts of Pakistan on Saturday to attend a rally by former prime minister Imran Khan’s party to demand his release as the provincial government asked organizers to abide by the law and end the gathering by 6pm as agreed.
After days of uncertainty, the Lahore administration on Friday evening allowed Khan’s Pakistan Tehreek-e-Insaf (PTI) to hold the rally from 3-6pm in the Kahna area of the city, subject to compliance with 43 conditions, including that supporters would not cause unrest or chant anti-state slogans.
The main aim of the rally, which follows one held in the federal capital of Islamabad on Sept. 8, is to mobilize supporters for the release of Khan, who has been in jail since August last year. He was convicted in four cases since he was first taken into custody, all of which have been either suspended or overturned by the courts. Khan, however, remains in jail on new charges brought against him regarding the illegal sale of gifts from a state repository while he was prime minister from 2018-22.
Television footage showed caravans of Khan supporters arriving in Lahore from various cities in Khyber Pakhtunkhwa, where the PTI has been in power, and elsewhere in Punjab to attend the rally, with long queues of vehicles forming on sections of the Islamabad-Lahore motorway reportedly due to road closures. Most of Lahore remained open for traffic but access to a main thoroughfare, the Ring Road, leading to the venue, was blocked at a few locations as preparations were ongoing for Saturday’s rally.
“Our demands are simple, only that the rule of law applies to Imran Khan’s cases,” Salman Akram Raja, PTI secretary-general, told Arab News. “Most [of the cases] have been discarded, so will the rest, as will the arrest.”
“There’s no basis for detaining the most popular political leader in the country,” he continued, adding: “History is on our side.”
Naeem Haider Panjutha, Khan’s spokesperson on legal affairs, also sought justice for the ex-premier.
“The gross miscarriage of justice carries on for over a year now, we will keep fighting till our party leader is free,” he said.
Meanwhile, the Punjab provincial administration warned PTI leaders and workers not to indulge in any lawlessness.
“Nobody will be allowed to [violate the law],” Punjab Information Minister Azma Bokhari said at a presser Saturday afternoon. “Organizers are responsible of ending the rally by 6pm.”
Bokhari criticized the Khan-backed KP government for allegedly utilizing public resources for the rally and said the gathering could not help get him out of prison. She signaled to the possible arrest of suspects wanted in cases related to violence during PTI protests in May last year.
“The Punjab administration, under the supervision of the chief minister, is fully monitoring everything in the city and the province from the beginning of this rally till it disperses,” the minister said.
Only a day earlier, the PTI complained of a crackdown on supporters ahead of the rally, saying authorities had arrested dozens of PTI members and supporters. Punjab Police Director of Public Relations Syed Mubashar Hussain declined to comment on the arrests.
The PTI says it has faced an over year-long crackdown since protesters allegedly linked to the party attacked and damaged government and military installations on May 9, 2023 after Khan’s brief arrest that day in a land graft case. Hundreds of PTI followers and leaders were arrested following the riots and many remain behind bars as they await trial. The military has also initiated army court trials of at least 103 people accused of involvement in the violence.
The party says it was not allowed to campaign freely ahead of Feb. 8 general elections, a vote marred by a mobile Internet shutdown on election day and unusually delayed results, leading to accusations that it was rigged and drawing concern from rights groups and foreign governments.
The PTI says it won the most seats, but its mandate was “stolen” by the coalition led by Prime Minister Shehbaz Sharif, which it says formed the government with the backing of the all-powerful military. Both deny the claim.
Thousands attend Lahore rally to demand Imran Khan’s release from prison
https://arab.news/8fhp3
Thousands attend Lahore rally to demand Imran Khan’s release from prison
- TV footage showed caravans of Khan supporters leaving various cities in Khyber Pakhtunkhwa and Punjab for Lahore
- Khan’s party shared footage of long queues of vehicles on Islamabad-Lahore motorway reportedly due to road closures
Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’
- Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves
- Pakistan’s total external debt, liabilities stand at $138 billion at an overall average cost of around 4 percent, ministry says
KARACHI: Pakistan’s finance ministry on Sunday dismissed as “misleading” claims that the country is paying up to 8 percent interest on external loans, saying the overall average cost of external public debt is approximately 4 percent.
Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves, driven largely by a narrow tax base, chronic trade deficits, rising debt-servicing costs and repeated balance-of-payments pressures.
Over the decades, successive governments have turned to multilateral and bilateral lenders, including the International Monetary Fund, the World Bank and the Asian Development Bank, to support budgetary needs and shore up foreign exchange reserves.
The finance ministry on Sunday issued a clarification in response to a “recent press commentary” regarding the country’s external debt position and associated interest payments, and said the figures required contextual explanation to ensure accurate understanding of Pakistan’s external debt profile.
“Pakistan’s total external debt and liabilities currently stand at $138 billion. This figure, however, encompasses a broad range of obligations, including public and publicly guaranteed debt, debt of Public Sector Enterprises (both guaranteed and non-guaranteed), bank borrowings, private-sector external debt, and intercompany liabilities to direct investors. It is therefore important to distinguish this aggregate figure from External Public (Government) Debt, which amounts to approximately $92 billion,” it said.
“Of the total External Public Debt, nearly 75 percent comprises concessional and long-term financing obtained from multilateral institutions (excluding the IMF) and bilateral development partners. Only about 7 percent of this debt consists of commercial loans, while another 7 percent relates to long-term Eurobonds. In light of this composition, the claim that Pakistan is paying interest on external loans ‘up to 8 percent’ is misleading.
The overall average cost of External Public Debt is approximately 4 percent, reflecting the predominantly concessional nature of the borrowing portfolio.”
With respect to interest payments, public external debt interest outflows increased from $1.99 billion in Fiscal Year (FY) 2022 to $3.59 billion in FY2025, representing an increase of 80.4 percent, not 84 percent as reported. In absolute terms, interest payments rose by $1.60 billion over this period, not $1.67 billion, it said.
According to the State Bank of Pakistan’s records, Pakistan’s total debt servicing payments to specific creditors during the period under reference were as follows: the IMF received $1.50 billion, of which $580 million constituted interest; Naya Pakistan Certificates payments totaled $1.56 billion, including $94 million in interest; the Asian Development Bank received $1.54 billion, including $615 million in interest; the World Bank received $1.25 billion, including $419 million in interest; and external commercial loans amounted to nearly $3 billion, of which $327 million represented interest payments.
“While interest payments have increased in absolute terms, this rise cannot be attributed solely to an expansion in the debt stock,” the ministry said. “Although the overall debt stock has increased slightly since FY2022, the additional inflows have primarily originated from concessional multilateral sources and the IMF’s Extended Fund Facility (EFF) under the ongoing IMF-supported program.”
Pakistan secured a $7 billion IMF bailout in Sept. 2024 as part of Prime Minister Shehbaz Sharif’s efforts to stabilize the South Asian economy that narrowly averted a default in 2023. The government has since been making efforts to boost trade and bring in foreign investment to consolidate recovery.
“It is also important to note that the increase in interest payments reflects prevailing global interest rate dynamics. In response to the inflation surge of 2021–22, the US Federal Reserve raised the federal funds rate from 0.75-1.00 percent in May 2022 to 5.25–5.50 percent by July 2023. Although rates have since moderated to around 3.75 percent, they remain significantly higher than 2022 levels,” the finance ministry said.
“The government remains committed to prudent debt management, transparency, and the continued strengthening of Pakistan’s macroeconomic stability,” it added.
