Government says talks with Imran Khan’s party to continue despite his 14-year sentence

Pakistani security personnel stand guard as a vehicle carrying Bushra Bibi, the wife of Pakistan’s former Prime Minister Imran Khan, arrives at Adiala jail in Rawalpindi on January 17, 2025. (REUTERS)
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Updated 17 January 2025
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Government says talks with Imran Khan’s party to continue despite his 14-year sentence

  • Barrister Aqeel Malik, government’s legal spokesperson, calls negotiations and conviction ‘separate matters’
  • An analyst predicts ‘more direct talks’ between PTI and the security establishment after the court verdict

KARACHI: A government spokesperson said on Friday political negotiations with former Prime Minister Imran Khan’s opposition Pakistan Tehreek-e-Insaf (PTI) would not be affected by an accountability court verdict earlier in the day, which sentenced the ex-premier to 14 years in prison.
Khan, who has been incarcerated for well over a year, warned of civil disobedience from a high-security prison in Rawalpindi last month while calling for the release of political prisoners from his party, which has complained of a government crackdown since the downfall of the PTI administration in April 2022.
Subsequently, the government-PTI talks began as an attempt to reduce political bitterness and polarization in Pakistan. However, the accountability court’s verdict in a case involving a charitable entity, Al-Qadir Trust, set up by Khan and his third wife Bushra Khan in 2018, has raised questions about the future of the negotiations.
The court also sentenced Khan’s wife to seven years in prison in the case. Pakistani authorities allege that the trust was a front for the couple to receive valuable land as a bribe from real estate developer Malik Riaz Hussain, one of Pakistan’s richest and most powerful businessmen. Hussain, like Khan and Bushra, denies any wrongdoing.

“The talks are going on in parallel,” Barrister Aqeel Malik, government spokesperson for legal affairs, told Arab News over the phone. “These are two separate matters. The decision from the court should not be mixed with the ongoing talks with the opposition at this particular time.”
Malik argued that the case was decided in accordance with the legal provisions of the accountability laws.
“Today’s decision is in accordance with the law and justice has been served, where a huge loss had been caused to the national exchequer for private gains,” he added. “It has now been decided by the competent court that Mr. Khan stands certified to have been involved in corruption.”




Pakistan’s imprisoned former prime minister Imran Khan’s supporters hold Khan’s portraits during a protest in Peshawar on January 17, 2025. (AFP)

The Al-Qadir Trust case, involving allegations of corruption and misuse of authority by Khan, revolved around £190 million recovered from the Pakistani real estate tycoon, who was investigated by British authorities for money laundering.
Riaz surrendered the amount as part of a settlement, which was returned to the Pakistani state under the laws of the United Kingdom. However, the Khan administration allegedly adjusted it against the real estate developer’s liability in Pakistan’s top court, where he was fined in a case for illegally acquiring land for a major project in Karachi.
The ex-premier was criticized for using the sum to reduce Riaz’s owed amount rather than depositing it in Pakistan’s national treasury. The country’s anti-graft National Accountability Bureau also accused him of approving the adjustment in return for financial benefits.
Unlike Malik, Khan’s close aide and senior PTI leader, Sayed Zulfikar Bukhari, described the talks as a political ploy by the government.
“Talks were just a bluff,” he told Arab News, adding that it was “obvious” the PTI founding leader and his wife would be sentenced in the case.
“Al-Qadir Trust is a nonprofit organization. Neither of them was a beneficiary, and the money had gone to the Supreme Court of Pakistan,” he continued, describing the verdict as another act of “political victimization and a pressure tactic to make Khan agree to talks.”
The former premier’s conviction has come at a time when the PTI confirmed meetings with Pakistan’s powerful army chief, General Asim Munir, earlier this week, although security sources denied that the interaction focused on political matters.




Former prime minister Imran Khan’s Pakistan Tehreek-e-Insaaf (PTI) party’s chairman and barrister Gohar Ali Khan (C) speaks to media outside the Adiala prison in Rawalpindi on January 17, 2025. (AFP)

Nadia Naqi, a talk show host and political analyst, said the verdict could pave the way for “more direct talks with the security establishment” of Pakistan, which she said was always interested in negotiating with a weaker Khan.
“Negotiations now, which have taken place within political circles, will become easier because a weak Imran Khan, a convicted Imran Khan, will be more likely to agree to the terms [offered to him] compared to a Khan who has obtained bail in various cases,” she argued.
“I believe that negotiations with the PTI will now move forward. Whether the government is involved or not, it won’t matter,” she added.
Iftikhar Ahmed, a Lahore-based analyst, said the future of the talks would depend on the reactions of both the government and the PTI.
“Until now, the PTI has not announced that they are ending the negotiations,” he noted. “The party did not offer this as a condition for negotiations that the courts should not announce their verdicts against Khan. Their demand was the release of the founder of their party.”

Meanwhile, Aitzaz Ahsan, a veteran lawyer and politician, maintained that the judgment against Khan had legal loopholes.
“This is another case in which the conviction will be converted into an acquittal by a high court,” he said, adding that the government had to show the state had suffered a financial loss due to Khan’s decision about the repatriated money, pointing out this was not adequately done.


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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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.