ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar this week denied allegations the government had shot dead Imran Khan’s supporters in recent protests, as the former premier’s party alleged three of them were shot dead by law enforcers.
The PTI says at least 20 of its supporters were killed in this week’s clashes with law enforcers as thousands of Khan supporters marched toward Pakistan’s federal capital demanding Khan’s release from prison. The government rejects this and says four paramilitary personnel and a cop were killed by protesters.
On Saturday, the party shared the death certificates of three of its alleged supporters, Sardar Ali, Anees Shahzad Satii and Malik Mubeen, which said they were killed by gunshots. The certificates were prepared by the Pakistan Institute of Medical Sciences (PIMS) and Federal Government Services Hospital in Islamabad.
“Deputy Prime Minister and Foreign Minister Ishaq Dar on Saturday strongly refuted allegations of state brutality and indiscriminate firing by law enforcement authorities during recent clashes with protesters,” the state-run Associated Press of Pakistan reported.
Dar described claims that Khan supporters suffered gunshot wounds and were subjected to unwarranted violence as “malicious” and “absolutely false,” urging them to provide evidence such as “graves and dead bodies” to substantiate the accusations.
The deputy premier said protesters came to the capital armed with heavy ammunition and tear gas canisters.
“The mob was determined to create chaos and ready to kill,” he was quoted as saying by the APP. “Our security and law enforcement agencies exercised maximum restraint with patience despite deaths within their ranks.”
The protest was called off after security forces raided the D-Chowk protest site in complete darkness soon after midnight on Wednesday, firing rubber bullets and tear gas, according to police and government officials who deny using live ammunition during the operation.
Rawalpindi police said this week that over 170 cops were injured in the protests and that police have arrested over 1,150 for clashing with law enforcers.
Pakistan deputy PM rejects accusations Imran Khan supporters were shot dead in protests
https://arab.news/c6aqd
Pakistan deputy PM rejects accusations Imran Khan supporters were shot dead in protests
- Khan’s party shares death certificates allegedly of three supporters which says they were killed by gunshots
- Ishaq Dar urges PTI to provide “graves” and “dead bodies” to prove claims, accuses protesters of being violent
Pakistani economists flag debt sustainability risks as foreign loans surge in FY26
- Pakistan received $2.98 billion from bilateral, global lenders from July to November this year, official data shows
- Economists urge government to take structural reforms to boost exports, cut energy costs, ensure rupee stability
KARACHI: Pakistani economists on Wednesday warned the government against debt sustainability risks as the country’s foreign loan receipts surged to nearly $3 billion in the first five months of the current fiscal year, data from the economic affairs ministry showed.
Pakistan received 16 percent more financing, which is $2.98 billion, from bilateral and multilateral lenders during the July to November period of the current fiscal year compared to last year, the economic affairs’ ministry data showed.
Pakistan, as per the data, seeks to raise $19.8 billion in loans this year through June, which include $16.7 billion non-project and $3.11 billion project loans from multilateral lenders such as the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), Islamic Development Bank (IsDB), European Union (EU), European Investment Bank (EIB), UNICEF and others.
Pakistan’s bilateral lenders include the countries of China, Saudi Arabia, Kuwait, Oman, the US, Denmark, France, Germany, Italy, Japan and South Korea
“As long as you are utilizing the loan for economic recovery and growth, it is understood,” Sana Tawfik, head of research at the Karachi-based brokerage firm Arif Habib Limited, told Arab News.
“But in the long term, it is not sustainable to rely only on loans. Foreign reserves should be built on FDI [foreign direct investment] and not on loans,” she added.
Pakistan’s finance adviser Khurram Schehzad and finance ministry spokesperson Qamar Sarwar Abbasi did not respond to requests for comment.
Cash-strapped Pakistan came close to a sovereign default in 2023 before a last-gasp financial bailout by the International Monetary Fund (IMF) averted the risk.
While Pakistan has lowered inflation and registered other economic gains, the country’s $15.9 billion foreign reserves mostly come from the IMF in budgetary support and bank deposits from countries such as Saudi Arabia and China.
The cash-strapped country will seek $13.5 billion in budgetary support, $700 million in short-term loans from the IsDB, $1.44 billion as program loans, $1 billion worth of oil on deferred payments and $3.11 billion as project loans by June, the data said.
Prime Minister Shehbaz Sharif’s government also plans to raise $400 million through issuing international bonds, $3.1 billion in loans from foreign commercial banks, $410 million from the IMF, $609 million through Naya Pakistan Certificates (NPCs) and $5 billion as time deposits from Saudi Arabia, and $4 billion as safe deposit from China.
“Long-term solution is not to take loans and this only adds up to the existing external account,” Tawfik said.
She, however, appreciated the government’s ability to reduce its current account deficit in recent months. The economist noted that Pakistan, in the short run, could manage its current account deficit if it remains in the $1.5 billion range throughout the year.
She urged the government to focus on increasing exports, noting its debt servicing requirement was $25.8 billion this year.
Tawfik called for long-term reforms such as reducing the cost of doing business, cutting energy costs, clearing Pakistan’s longstanding power sector debt and keeping the rupee stable to attract increased remittances from Pakistanis working abroad.
“In the long run, we must focus on increasing Pakistan’s exports, remittances, and FDI,” the economist said. “FDI is the most important.”
‘OBVIOUSLY A RISK FACTOR’
However, neither are Pakistan’s exports on the rise nor is FDI. Pakistan’s current account deficit widened by 37 percent to $16 billion from July to November this year. This was due to a 6.4 percent decline in exports to $12.8 billion and a 13 percent hike in imports to $28 billion, data from the Pakistan Bureau of Statistics (PBS) showed.
FDI dropped by more than 25 percent to $927 million during the same period and has never surged beyond $3 billion in nearly 20 years, data from Pakistan’s central bank shows.
“Our debt sustainability will be questioned at any point if we, going forward, are not able to match these debt flows or counter these debt flows with growth and remittances and exports,” Muhammad Saad Ali, head of research at Lucky Investments Ltd, told Arab News.
He noted that debt sustainability is “obviously a risk factor” as Pakistan has not increased its FDI nor exports during the period when its foreign debt has increased.
However, he said that there was a positive side to the 16 percent rise in foreign debt receipts as well, adding that recent macroeconomic improvements have enabled Islamabad to borrow more from global lenders.
But the risks remain.
“You (government) are increasing your debt and your debt sustainability will come into question again if global factors or global environment turn south,” he warned.
