ISLAMABAD: Former Prime Minister Imran Khan, who has been in jail for well over a year, said in a social media post on Friday he rejected a house arrest deal, as he also urged Pakistanis abroad to boycott remittances in protest against the country’s political situation.
Khan’s statement comes only a few days after the government began formal negotiations with his Pakistan Tehreek-e-Insaf (PTI) party to address mutual differences and ease the country’s growing political polarization.
Talks began after Khan threatened civil disobedience, urging overseas Pakistanis to halt remittances unless the government freed PTI political prisoners and formed judicial commissions to probe violent protests on May 9 and Nov. 26, blamed on his supporters.
His latest message hints at a backchannel offering “a deal,” without naming interlocutors.
“The proposal I received for a deal was: ‘Negotiate with us, and we will give your party political space, but you will be placed under house arrest and moved to [your] Bani Gala [residence],’” read a message posted from Khan’s account on X, formerly Twitter.
“My response was that all other political prisoners must first be released. I would rather stay in jail than accept any deal. I will neither go into house arrest nor to any jail in Khyber Pakhtunkhwa,” he added, referring to the province ruled by his party.
Khan doubled down on his call for overseas Pakistanis to boycott remittances, framing it as part of a campaign for “true freedom and the restoration of democracy.” It is not clear how his stance might affect the ongoing negotiations between his party and the government.
“Currently, the government is playing ‘committee after committee’ regarding our demands,” he said, adding that the boycott campaign would be halted if negotiations produced positive results.
Khan also assured his supporters that the coming year would bring better prospects for democracy in the country while pledging to remain steadfast.
Criticizing military trials and recent sentencing of his party supporters arrested in the wake of the May 9 protest last year, Khan said they had violated basic rights of civilians and caused international embarrassment for Pakistan.
“If these trials had been conducted in open courts, the video footage of the events of May 9 would have had to be presented,” he said, adding transparent trials were also guaranteed in Pakistan’s constitution.
Hundreds of people carrying flags of Khan’s party attacked government and military installations last year on May 9 after he was briefly detained on corruption charges.
The government is yet to react to the former premier’s statement.
Imran Khan says he declined house arrest, urges overseas Pakistani to halt remittances
https://arab.news/y52fg
Imran Khan says he declined house arrest, urges overseas Pakistani to halt remittances
- Ex-PM’s social media post hints at a backchannel offering him a ‘deal,’ without naming interlocutors
- Khan criticizes military trials and sentencing of supporters, says the proceedings violated basic rights
Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst
- Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
- Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity
ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said.
Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday.
The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.
Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday.
“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.
He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.
An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.
However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days.
Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.
The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.
Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.
Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.
