ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar announced on Tuesday that the government’s decision to ban the Pashtun Tahafuz Movement (PTM) stemmed from its alleged links to militant groups and involvement in anti-state activities.
PTM, a prominent Pashtun rights group, has long advocated against extrajudicial killings and enforced disappearances of Pashtuns and other ethnic minorities in Pakistan. While its leaders have contested and won national elections in the country’s northwestern region, the movement has yet to gain significant influence in Pakistan’s parliament.
On Sunday, Pakistan’s Interior Ministry declared the PTM a “proscribed organization,” citing activities harmful to the nation’s peace and security.
“If you look at the activities of the Pashtun Tahafuz Movement over the past six months, [you will see] how they have burned the Pakistani flag, attacked Pakistan’s embassies abroad and not only attacked embassies but also actively funded the promotion of an anti-Pakistan narrative,” Tarar said in a televised statement.
He said the PTM had carried out such activities with the help of Afghan nationals.
“Not only do they have links with TTA or Tehreek-e-Taliban Afghanistan but also Tehreek-e-Taliban Pakistan,” he continued while referring to the Taliban administration in Kabul and a banned militant network reportedly operating from Afghanistan while targeting Pakistani civilians and security forces.
Earlier this year in July, a group of Afghan nationals stormed the Pakistani consulate in Frankfurt, Germany, pelting stones at the building and desecrating the Pakistani flag.
The administration in Islamabad formally lodged a protest with the German authorities, urging them to arrest and prosecute those responsible and to ensure better security for its diplomatic missions.
PTM has previously denied any links with militant groups or violent entities, pointing out that it believes in waging peaceful struggle for the rights of Pashtuns in Pakistan.
“Whenever an organization is declared proscribed,” the minister added, “it is done on the basis of evidence.”
The PTM alleges Pashtuns have faced rights abuses during Pakistan’s war against militants, mainly in its northwestern Khyber Pakhtunkhwa province. It blames Pakistan’s powerful military for rights abuses in the northwestern province, a charge the institution has consistently denied.
Government justifies ban on Pashtun rights group, cites alleged militant links, anti-state activities
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Government justifies ban on Pashtun rights group, cites alleged militant links, anti-state activities
- Pakistan’s Interior Ministry recently declared the Pashtun Tahafuz Movement a ‘proscribed organization’
- Information minister says PTM ‘burned the Pakistani flag, attacked Pakistani embassies’ in other states
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.
