KARACHI: A senior Pakistani politician from a party supporting Prime Minister Shehbaz Sharif’s ruling coalition on Saturday condemned the recent amendments to the country’s cyber laws, warning they would jeopardize freedom of speech and weaken the state.
Pakistan’s Prevention of Electronic Crimes Act (PECA) was originally enacted in 2016, but an amendment bill passed in January 2025 expanded its scope by broadening the definition of “fake news” and criminalizing defamation against government officials.
The law also established a new social media regulatory authority to oversee digital content and a cybercrime agency with the power to prosecute violations.
Speaking at a convention related to the issue, Raza Rabbani of the Pakistan Peoples Party denounced the PECA amendments as a “black law,” asserting they would further restrict an already regulated digital space, especially for journalists.
“Trying to stop or restrict freedom of the press actually weakens the state. Freedom of expression is a fundamental right,” Rabbani said, highlighting the law’s “vague provisions on fake news” and other reforms that he warned could be easily manipulated.
He criticized the government for failing to consult stakeholders before enacting the amendments and urged an immediate suspension of the law’s implementation. Rabbani called for dialogue with journalists, civil society and other relevant groups to revise the legislation.
Barrister Salahuddin Ahmed, a legal expert, told the gathering the amendments undermined democratic principles by granting the government disproportionate power.
He also warned against the new authority mandated to take swift action against social media platforms during his speech.
“This authority is empowered to block platforms and remove content within 24 hours of a complaint being filed,” Ahmed said. “This gives an alarming level of unchecked power to a single body, which could easily be misused to stifle dissent.”
Sohail Afzal Khan, secretary of the Karachi Press Club, where the convention was held, echoed these concerns, arguing PECA was designed to suppress journalists rather than combat disinformation.
“If the government had been sincere in combating fake news, it would have enacted legislation in consultation with journalist leadership and other stakeholders. Instead, it seeks to suppress the voice of journalists,” Khan said.
The event was attended by representatives from major political parties, lawyers, rights activists and media workers, culminating in a resolution rejecting PECA 2025.
The resolution called for the removal of restrictions on free speech and an end to legal actions against journalists under the pretext of combating misinformation.
“The meeting resolves to continue its struggle against PECA and similar laws, within democratic frameworks, by collaborating with civil society and democratic forces,” it said.
Pakistan ruling coalition ally criticizes cyber law amendments, warns of threat to free speech
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Pakistan ruling coalition ally criticizes cyber law amendments, warns of threat to free speech
- Pakistan’s Prevention of Electronic Crimes Act is widely criticized as a tool to stifle dissent
- PPP’s Raza Rabbani calls the PECA amendment bill ‘black law,’ says it can weaken the state
Pakistan stocks close at record high over current account surplus, falling bond yields
- KSE-100 index gains 1,646.79 points or 0.97% to close at new high of 171,960.64 points
- Pakistan’s central bank posted a current account surplus of $100 million in November
KARACHI: Pakistani stocks closed at an all-time high of 171,960.4 points on Thursday, with financial analysts attributing the surge to increasing investor confidence stemming from a current account surplus reported in November and a drop in government bond yields.
The benchmark KSE-100 index gained 1,646.79 points or 0.97% to close at an all-time high of 171,960.64 points on Thursday. The previous day, Pakistani stocks surged to 170,313.85 points at close of business.
Ahsan Mehanti, chief executive officer at Arif Habib Commodities, said the optimistic mood at the stock exchange was fueled by the $100 million current account surplus reported by the central bank in November.
“Speculations ahead of year-end close and fall in government bond yields up to 70 basis points after the SBP (State Bank of Pakistan) policy easing played the catalyst role in bullish activity at PSX,” Mehanti told Arab News.
The surplus was a welcome development for Islamabad as Pakistan’s central bank reported a $291 million deficit in October.
Topline Securities, a Pakistani brokerage firm, said in its daily market review that strong buying by local funds followed a drop in Pakistan Investment Bond (PIB) yields, which boosted investor confidence.
PIB yields are the returns on bonds or government-backed securities that pay fixed semi-annual interest, with rates influenced by market demand and SBP auctions.
“Strength in ENGRO (Engro Corporation), FFC (Fauji Fertilizer Company), UBL (United Bank Limited), LUCK (Lucky Cement) and BAHL (Bank AL Habib) underpinned positive momentum, collectively contributing 1,504 points to the index,” the brokerage firm wrote on X.
“This upside was partly offset by declines in PIOC (Pakistan International Oil Company), DHPL (D.H. Corporation Limited) and MLCF (Millat Tractor Limited), which together subtracted 176 points.”
The sustained rise in equities comes amid improving liquidity conditions and continued investor participation, with market participants focusing on corporate earnings, sector-specific developments and broader macroeconomic signals.
Earlier on Monday, Pakistan’s central bank cut its key policy interest rate by 50 basis points to 10.5%, a move that surprised analysts and followed four consecutive policy meetings where rates were held unchanged.
The cut came despite an International Monetary Fund staff report earlier this month cautioning against premature monetary easing.
Inflation eased to 6.1% in November, remaining within the SBP’s target band, though analysts have warned that price pressures could resurface later in the fiscal year as base effects fade and food and transport costs remain volatile.
