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☆ Pakistan PM says first discounted Russian crude oil cargo arrives in Karachi
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

June 11 (Reuters) - Pakistan's Prime Minister Shehbaz Sharif on Sunday said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi. "Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow," Sharif tweeted. loading"This is the first ever Russian oil cargo to Pakistan and the beginning of a new relationship between Pakistan and Russian Federation," he added. The discounted crude offers a relief to Pakistan, which is facing a payments crisis and is at risk of defaulting on its debt. The country's imports of crude are expected to reach 100,000 barrels per day after the first cargo arrives on Monday.

Persons: Shehbaz Sharif, Sharif, Shubhendu Deshmukh, Jan Harvey, Ros Russell Organizations: Pakistan's, Sunday, Russian Federation, Reuters, Energy, Thomson Locations: Islamabad, Moscow, Karachi, Pakistan, Russian, Russia, India, China, Ukraine, Afghanistan, Iran, Rishab, Bengaluru, Shahid

☆ Watched by IMF, Pakistan to present budget amid economic, political crises
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +3 min

[1/4] A labourer waits for work while sitting beside push trollies outside a market in Karachi, Pakistan June 8, 2023. Against the backcloth of this political drama, Finance Minister Ishaq Dar is set to deliver his budget speech to parliament after 4:00 pm (1100 GMT) on Friday. Some budget figures were announced earlier this week, including development spending of 1,150 billion Pakistani rupees ($4 billion), and an economic growth target of 3.5% for the coming fiscal year. On Thursday, the International Monetary Fund said that it has been discussing the budget with Pakistan. Pakistan missed almost all of its economic targets set in the last budget, most notably its growth target, which was initially set at 5%, revised down to 2% earlier this year.

Persons: Akhtar Soomro, Shehbaz, Imran Khan, Ishaq Dar, Esther Perez Ruiz, Khan, Gibran Peshimam, Simon Cameron, Moore Organizations: REUTERS, IMF, Reuters, International Monetary Fund, Pakistan, Thomson Locations: Karachi, Pakistan, Akhtar Soomro ISLAMABAD

Finance Minister Ishaq Dar announced the target during his budget speech to the national legislature. The deficit target for the fiscal year ending this month had been revised higher, from a previous projection of 4.9%. The government had prepared "a responsible budget, not an election budget", Dar said. The total spending target would be 14.46 trillion rupees ($50.45 billion), Dar said, with 1.8 trillion rupees going to defence. It would target net external financing of 2,527 billion rupees for the fiscal year ending in June 2024 of which 1,601 billion rupees would come via commercial and Eurobond borrowing.

Persons: Akhtar Soomro, Ishaq Dar, Dar, Shehbaz Sharif, Shahbaz Ashraf, Mustafa Pasha, Asif Shahzad, Gibran Peshimam, Shahid, Charlotte Greenfield, Louise Heavens, Mark Heinrich, Mark Potter, Sriraj Organizations: REUTERS, IMF, Finance, Pakistan, FRIM Ventures, Lakson Investments, Reuters, Thomson Locations: Karachi, Pakistan, IMF ISLAMABAD

☆ Pakistan's Imran Khan openly accuses military of trying to destroy his party
▼ + stars: | 2023-06-04 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +5 min

[1/5] Former Pakistani Prime Minister Imran Khan pauses as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. A bruising year-long standoff between Khan, Pakistan's most popular leader according to polls, and the army came to a head when military buildings and property were ransacked last month, allegedly by his supporters. "I have absolutely no doubt that the military courts are meant for me," said Khan, who is out on bail. Amnesty International says Pakistan's military courts have previously shown disregard for due process, lack of transparency, coerced confessions and executions after unfair trials. Munir was later selected as the country's top general by Khan's successor and political rival, Prime Minister Shehbaz Sharif.

Persons: Imran Khan, Akhtar Soomro, Khan, Asim Munir, Munir, Pakistan's, Shehbaz Sharif, who's, Gibran Peshimam, Raju Gopalakrishnan Organizations: Pakistani, Reuters, REUTERS, Authorities, Amnesty, military's Inter Services Intelligence, PTI, ISI, Thomson Locations: Lahore, Pakistan, LAHORE

More than 280 people were killed and over 1,100 injured in a three-way crash involving two passenger trains and a freight train in eastern Odisha state on Friday, officials said. BJP4India/TwitterThe cause of Friday’s crash remains unclear, but senior state railway officials told CNN that it is suspected to have been caused by a traffic signaling failure. Video footage and photographs from the crash site near Bahanaga Bazar rail station showed scenes of chaos and despair. An official overseas rescue efforts at the site of the train crash in Balasore. An aerial view of the derailed coaches in Balasore.

Persons: Narendra Modi, Modi, Ashwini Vaishnaw, ” Modi, “, “ It’s, Sudhanshu Sarangi, “ We’ve, Piyal Adhikary, Anshuman Purohit, ” Rohit Raj, Dibyangshu Sarkar, ”, Narendra Singh Bundela, ” Bundela, Stringer, Rafiq Maqbool, AP Modi, Shehbaz Sharif, Rishi Sunak, Ursula von der Leyen, Fumio Kishida Organizations: India CNN — Indian, Bharat, CNN, Chennai Coromandel, Passengers, NDTV, Getty, Response Force, Reuters, National Crime Records, Western, AP, Force, Rapid Action Force, Soro Block, “, British, EU, Japan’s Locations: Bhubaneswar, India, Odisha, Balasore, Shalimar, Chennai, Yesvantpur, Howrah, Bahanaga Bazar, AFP, Andhra Pradesh, Uttar Pradesh, New Delhi, Mumbai, country’s Jammu, Kashmir, Soro

☆ Avalanche kills 11 members of nomadic tribe in northern Pakistan
▼ + stars: | 2023-05-27 | by ( Abu Arqam Naqash | ) www.reuters.com time to read: +1 min

MUZAFFARABAD, Pakistan, May 27 (Reuters) - At least 11 people died after an avalanche hit members of a nomadic tribe as they crossed a mountainous area in northern Pakistan, the country's disaster management agency said on Saturday. Another 13 people were injured in the avalanche which struck a group of families at Shounter Top Pass late on Friday. In summer, the nomads move goat herds from the plains of Punjab to the high grasslands in the Kashmir valley, and then onwards to the adjoining Gilgit Baltistan through the Shounter Pass. "Such incidents are rising in Pakistan due to the impact of climate change," Pakistan's Prime Minister Shehbaz Sharif said in a statement. Sharif called on the international community to fulfil its responsibility to save developing countries facing economic challenges from adverse effects of climate change.

☆ Analysis: Pakistan in uncharted territory as army seeks to vanquish Imran Khan
▼ + stars: | 2023-05-22 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +6 min

[1/2] Pakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. There has never been that kind of challenge to Pakistan's military, which has held sway over the country since independence in 1947 with a mixture of fear and respect. The 1971 fall of Dhaka in what was then East Pakistan and the birth of Bangladesh after defeat by arch-enemy India has been the lowest point for Pakistan's military since 1947. Khan was released by court order two days after his arrest, but his Pakistan Tehreek-e-Insaf (PTI) party now faces the ire of the military. "The military's power comes from its ability to deploy force, not popularity - Pakistan's generals like being liked but they like being in control even more," he said.

[1/3] Firefighters try to douse a bus that caught fire during clashes with the supporters of Pakistan's former Prime Minister Imran Khan in Islamabad, Pakistan, May 12, 2023. The decision was taken at a meeting of the National Security Committee chaired by Prime Minister Shehbaz Sharif. It is an endorsement of the military, which said on Monday that the rioters and their handlers had been identified, and would be tried under army laws. "The meeting endorsed to bring the miscreants, the planners who incited for violence and their facilitators to dock by trying them under constitutional provisions of concerned laws, including Pakistan Army Act and Official Secrets Act," said a statement issued by Sharif's office. The Human Rights Commission of Pakistan (HRCP), an independent civil rights group, said it strongly opposes the use of those two laws to try civilians.

☆ Pakistan’s political crisis will deepen its economic misery
▼ + stars: | 2023-05-12 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

London CNN —The political unrest that’s engulfed Pakistan since former Prime Minister Imran Khan was arrested earlier this week will complicate efforts to secure a financial lifeline from the International Monetary Fund and exacerbate the country’s economic crisis. Pakistan’s economic meltdownThe political tumult in Pakistan comes as the country grapples with a dire economic outlook. The government has been working with the International Monetary Fund to resume a financing program that’s been stalled since November and expires in June. Prime Minister Shehbaz Sharif said in a televised address Friday that the country’s economic problems stem from his predecessor. In February, the ratings agency said about 50% of government revenue will need to go to debt interest payments “for the next few years,” compounding economic woes and fanning political discontent.

The stage is now set for the possibility of a tumultuous showdown between the country’s powerful military and Khan’s supporters following deadly and unprecedented clashes Tuesday that saw angry crowds break into and vandalize the homes of army personnel. Hundreds of Khan supporters responded to his call to take to the streets and violent protests broke out in several cities. Imran Khan's supporters burn tires to block roads in Peshawar, Pakistan on May 9, 2023. Protesters burn tires to block roads in Peshawar, Pakistan on May 9, 2023 following Imran Khan's dramatic arrest. A demonstrator is seen as Pakistani police use tear gas against supporters of former Prime Minister Imran Khan during a protest in Peshawar, Pakistan on May 9, 2023.

☆ Factbox: Imran Khan's arrest adds to Pakistan's economic, political challenges
▼ + stars: | 2023-05-09 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +2 min

May 9 (Reuters) - The arrest of former Pakistan Prime Minister Imran Khan and the call from his party for nationwide protests present another blow to the nuclear-armed country struggling with an economic crisis. The South Asian nation of 220 million people is running out of dollars, inflation is running at over 36% and an expected IMF bailout has been delayed by months. POLITICAL PRESSUREKhan, arrested for alleged corruption and ousted as prime minister last year, had been ratcheting up pressure on the government through a sustained political campaign as he vied to return to power. Authorities had made several attempts to arrest Khan since March, which had resulted in clashes between his supporters and law enforcement personnel. Khan's arrest came a day after the military issued a rare statement denouncing him for making allegations against a serving officer.

☆ Former Pakistani Prime Minister Imran Khan arrested amid tensions with military
▼ + stars: | 2023-05-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Former Pakistani Prime Minister Imran Khan was arrested at a court in the capital Islamabad by paramilitary officers Tuesday. The arrest follows recent tense exchanges between Khan, the former national cricket captain who became Pakistan's prime minister in 2018, and the country's powerful army. After surviving an assassination attempt last November, Khan accused a senior military officer and Pakistan's current Prime Minister Shehbaz Sharif of being behind the attempt. The military spokesperson warned of legal action if Khan keeps up his accusations. Concerning the possibility of arrest, Khan said, "If someone has a warrant, they should directly bring it to me.

☆ Pakistan minister cancels trip to IMF, World Bank meetings in US - sources
▼ + stars: | 2023-04-07 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

[1/2] Pakistan's Finance Minister Ishaq Dar is seen after a party meeting in Islamabad, Pakistan September 26, 2017. REUTERS/Faisal MahmoodISLAMABAD, April 7 (Reuters) - Pakistan's finance minister has cancelled a visit to Washington for spring meetings of the International Monetary Fund (IMF) and World Bank, government officials said on Friday, citing domestic political turmoil as the reason. Minister Ishaq Dar was scheduled to attend the meetings from April 10 and see top IMF officials and multilateral creditors in a bid to secure stalled funding that the South Asian country desperately needs to avert a balance-of-payments crisis. Prime Minister Shehbaz Sharif has rejected Khan's demand, saying a general election is due anyway late this year. The officials said the finance secretary, the top civil servant in the ministry, and the central bank governor would likely lead Pakistan's delegation to Washington.

"The meeting agreed to launch an all-out comprehensive operation with the entire nation and the government, which will rid the country of the menace of terrorism with renewed vigor and determination," the security committee said in a statement. Pakistan, a nuclear-armed country of 220 million people, has seen a rise in attacks by Islamist militants in the last few months, particularly since negotiations with the Tehreek-e-Taliban Pakistan militant group broke down last year. The court has already rejected the government's argument, but Friday's security committee statement brings with it the key endorsement of Pakistan's powerful military. It (the government) gets the military's backing without the military giving any sort of political statement," Hussain added. Pakistan's military has ruled the country for over 30 years out of its 75-year history and continues to wield enormous power.

☆ Pakistan parliament rejects top court order to conduct provincial snap polls - speaker
▼ + stars: | 2023-04-06 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

ISLAMABAD, April 6 (Reuters) - Pakistan's parliament on Thursday rejected a Supreme Court order to conduct provincial snap polls, in the latest move in a power struggle between the government and the top court amid political and economic instability. The top court had on Tuesday ruled illegal the government's move to delay the snap polls in two provinces where former prime minister Imran Khan had dissolved his local governments earlier this year. Prime Minister Shehbaz Sharif's government has been saying the country's poor economic condition didn't allow spending on the snap polls and then on a general elections due later this year. Khan's Pakistan Tehreek-e-Insaf (PTI) party and its allies had dissolved the provincial governments, hoping that it would force Sharif's government to hold snap polls across the country, his longstanding demand since he was ousted a year ago. ($1 = 286.2500 Pakistani rupees)Reporting by Asif Shahzad; Editing by Hugh Lawson, Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

☆ Pakistan court orders provincial votes in win for ex-PM Khan
▼ + stars: | 2023-04-04 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

[1/2] Former Pakistani Prime Minister Imran Khan, gestures as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. But the Supreme Court ruled that the delay was illegal and voting in the two provinces should be held between April 30 and May 15. It said the provincial assembly election in Punjab, Pakistan's most prosperous and politically important province should be on May 14. The court also ordered the government to release 21 billion rupees ($73.17 million) to the election commission to organise the two provincial elections. Parliament last week introduced a draft law to clip the powers of the Supreme Court.

☆ Pakistan PM urges parliament to act against ex-premier Khan
▼ + stars: | 2023-03-28 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

[1/2] Pakistan's Prime Minister Shehbaz Sharif attends a summit on climate resilience in Pakistan, months after deadly floods in the country, at the United Nations, in Geneva, Switzerland, January 9, 2023. The clashes occurred earlier this month after Khan's supporters prevented police and paramilitary forces from detaining him over allegations he unlawfully sold state gifts during his 2018-22 tenure as premier. Last week Interior Minister Rana Sanaullah asked for a parliamentary ruling to empower authorities to crack down on Khan's party and his supporters. Sharif did not spell out what action he wanted the parliament to take against Khan. Some of Sharif's ministers have called for a ban on Khan's Pakistan Tehreek-e-Insaf (PTI) party, but it was not clear whether the government was seeking this from parliament.

☆ Pakistan's new fuel pricing scheme needs to be agreed before IMF deal
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Fayaz AzizISLAMABAD, March 24 (Reuters) - A long-awaited loan agreement between Pakistan and the International Monetary Fund (IMF) will be signed once a few remaining points, including a proposed fuel pricing scheme, are settled, an IMF official confirmed on Friday. Petroleum Minister Musadik Malik told Reuters on Thursday that his ministry had been given six weeks to work out the pricing plan. But the IMF's resident representative in Pakistan, Esther Perez Ruiz, said the government had not consulted the fund about the fuel pricing scheme. Ruiz, in a message to Reuters, confirmed a media report that a staff level agreement would be signed once a few remaining points, including the fuel scheme were settled. With enough foreign reserves to only cover about four weeks of necessary imports, Pakistan is desperate for the IMF agreement to disperse a $1.1 billion tranche from a $6.5 billion bailout agreed in 2019.

☆ Pakistani parliament's ruling sought over ex-PM Khan's party
▼ + stars: | 2023-03-22 | by ( Asif Shahzad | ) www.reuters.com time to read: +1 min

LAHORE, Pakistan, March 22 (Reuters) - Pakistan's Interior Minister Rana Sanaullah on Wednesday sought a parliament ruling to empower authorities to tackle former Prime Minister Imran Khan's party's alleged involvement in violence. The ruling was asked for in a joint session of parliament convened over the instability caused by the crisis over Khan. The minister requested the house give "guidance" to the government about the violence stoked by Khan's supporters, who he said included "miscreants, armed groups, and terrorists". "It is required that the security forces should be given authority and other measures to deal with this issue," he said, adding that Khan's agenda is "chaos and anarchy." The government has alleged that Khan's supporters had militants among them and ministers have called for proscribing Khan's Pakistan Tehreek-e-Insaf (PTI) party.

[1/2] A supporter of former Pakistani Prime Minister Imran Khan, walks with a riot shield used by the police, during a clash outside the federal judicial complex in Islamabad, Pakistan March 18, 2023. "Around 285 PTI supporters have been arrested in Lahore and Islamabad. Khan, a former cricket star, was prime minister from 2018 until 2022, when he was ousted from office in a parliamentary vote. His successor as prime minister, Shehbaz Sharif, has rejected his demand and said an election would be held as scheduled later this year. Clashes between Khan's supporters and the security forces have brought a new round of political chaos to Pakistan, which is in the midst of a crippling economic crisis.

☆ Exclusive: Pakistan's Imran Khan: committee to lead party if I'm arrested
▼ + stars: | 2023-03-18 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +3 min

[1/3] Former Pakistani Prime Minister Imran Khan, gestures as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. Prime Minister Shehbaz Sharif's government has denied being behind the cases. Khan said there is no reason he should be arrested now, because he had bail on all his cases. The police attempt to arrest Khan led to clashes in which dozens of people were injured. The former prime minister has generated popular support among Pakistanis amid decades-high inflation and a crippling economic slowdown as the country implements painful fiscal reforms to avert default.

[1/6] Supporters of former Pakistani Prime Minister Imran Khan carry bamboo sticks and slingshots, as they gather and chant slogans, at the entrance of Khan's house, in Lahore, Pakistan March 17, 2023. Even though there was no police presence on Friday, witnesses said Khan's supporters, armed with batons and iron rods, remained stationed outside his home. The Election Commission of Pakistan had found him guilty and barred Khan from holding public office for one parliamentary term. Khan has said he was willing to submit a written undertaking that he would voluntarily appear before the court on Saturday, but the court said such an undertaking was insufficient. Current Prime Minister Shehbaz Sharif has rejected Khan's demands, saying an election would be held as scheduled later this year.

☆ Pakistan court postpones police operation to arrest Imran Khan
▼ + stars: | 2023-03-16 | by ( Mubasher Bukhari | ) www.reuters.com time to read: +2 min

[1/5] Supporters of former Pakistani Prime Minister Imran Khan, carry sticks as they walk towards Khan's house, in Lahore, Pakistan March 16, 2023. REUTERS/Akhtar SoomroLAHORE, Pakistan, March 16 (Reuters) - A Pakistani high court ordered police on Thursday to postpone an operation to arrest Imran Khan for another day, defusing a surge in violence that saw supporters of the former prime minister fighting pitch battles with security forces. Khan's aide Fawad Chaudhry said the Lahore high court had extended an order to halt the police operation until Friday. The state information minister, Amir Mir, confirmed the court order. Current Prime Minister Shehbaz Sharif has rejected Khan's demands, saying the election would be held as scheduled later this year.

Summary Arrest warrant issued after ex-PM failed to attend courtCourt rejects Khan's offer to appear voluntarilyFormer cricket star denies wrongdoingSupporters battled police for two days to prevent arrestLAHORE, Pakistan, March 16 (Reuters) - A Pakistani court on Thursday rejected former Prime Minister Imran Khan's plea to suspend an arrest warrant issued against him, stoking fears of a renewed confrontation between his supporters and security forces. [1/5] Supporters of former Pakistani Prime Minister Imran Khan, carry sticks as they walk towards Khan's house, in Lahore, Pakistan March 16, 2023. Provincial information minister Amir Mir said there were militants among Khan's supporters outside his house. The police were unarmed, he said, adding they had to use water-cannons and teargas shells when Khan's supporters turned violent. Current Prime Minister Shehbaz Sharif has rejected Khan's demands, saying an election would be held as scheduled later this year.

☆ Imran Khan says to attend court hearing in bid to end Pakistan clashes
▼ + stars: | 2023-03-15 | by ( Mubasher Bukhari | ) www.reuters.com time to read: +3 min

[1/3] Former Pakistan's Prime Minister Imran Khan addresses a news conference after he was wounded following a shooting incident during a long march in Wazirabad, at the Shaukat Khanum Memorial Cancer Hospital & Research Centre in Lahore, Pakistan November 4, 2022. "We have asked the police to wait until the court decision on the matter," added Chaudhry, a former information minister. Current Prime Minister Shehbaz Sharif has rejected Khan's demands, saying the election would be held as scheduled later this year. "If anything happens to me, or I go to prison, or they kill me, you have to prove that this nation will continue to struggle even without Imran Khan," he said. "Instead of cooperating with law enforcement officials, Imran Khan is breaking the law, defying court orders and using his party workers... as human shields to evade arrest and stoke unrest," she added.

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