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[1/2] Pakistan's former Prime Minister Imran Khan and his wife Bushra Bibi are covered with a white sheet as they arrive to appear at the High Court in Lahore, Pakistan, May 15, 2023. REUTERS/Mohsin RazaISLAMABAD, May 16 (Reuters) - Bushra Khan, the wife of Pakistan's former Prime Minister Imran Khan, is facing corruption charges in the same case that led to his arrest on May 9. It was not clear when or how Khan met Bushra, but former aide Aun Chaudhry said Khan was very impressed with her spirituality. Khan and Bushra married in 2018, seven months before he was elected prime minister, in a secret ceremony. While prime minister, Khan promoted the trust at official events, and the couple are the sole trustees, according to Law Minister Azam Nazeer Tarar.

He had remained inside for hours after being granted bail, saying he was not being allowed to leave by security officials. It's not the security agencies, it's one man – the army chief," he said, without naming him. He has since been a vocal critic of current army chief General Asim Munir. [1/7] Security officers escort Pakistan's former Prime Minister Imran Khan, as he appeared in Islamabad High Court, Islamabad, Pakistan May 12, 2023. "The Islamabad High Court has given a two-week bail and also ordered the (anti-graft body) not to arrest Imran Khan during this period," another of Khan's lawyers, Faisal Chaudhry, told Reuters.

☆ Pakistan arrests ex-PM Khan's party leaders as protests continue
▼ + stars: | 2023-05-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] Pakistan's Former Foreign Minister Shah Mahmood Qureshi speaks with the media after the proceedings at the Supreme Court in Islamabad, Pakistan April 4, 2022. REUTERS/Akhtar SoomroISLAMABAD, May 11 (Reuters) - Pakistani authorities arrested a senior leader of former Prime Minister Imran Khan's party on Thursday as the government deployed the army to help end deadly unrest sparked by Khan's arrest three days ago. Shah Mahmood Qureshi, who served as foreign minister in Imran Khan's cabinet during his four year premiership, was arrested overnight, a statement on his Twitter profile said. Two other senior leader of Khan's Pakistan Tehreek-e-Insaf (PTI) party, Asad Umar and Fawad Chaudhry, were also arrested on Wednesday. Police have arrested more than 1,300 protesters in Khan's home province of Punjab for violence.

Khan's colleagues in his Pakistan Tehreek-e-Insaf (PTI) party did not immediately respond to a request for comment on his indictment. Mobile data services were shut for a second day on Wednesday as street protests continued, with federal ministers accusing Khan's supporters of torching several buildings and vehicles. MORE THAN 1,000 ARRESTS[1/8] Supporters of Pakistan's former Prime Minister Imran Khan throw stones towards police during a protest against Khan's arrest, in Peshawar, Pakistan, May 10, 2023. Khan, a cricket hero-turned-politician, was ousted as prime minister in April 2022 in a parliamentary no-confidence vote. In most of the cases, Khan faces being barred from holding public office if convicted.

ISLAMABAD, May 9 (Reuters) - Pakistan's former Prime Minister Imran Khan was arrested on Tuesday by an anti-graft agency on corruption charges. While prime minister, Khan promoted the trust at official events. Khan has publicly described her as his spiritual leader and said she helped guide him towards a spiritual path. The anti-graft agency that arrested Khan had summoned Hussain late last year to submit answers on the land donated to the trust. The interior minister alleged Hussain gave the land in Jhelum and Islamabad to Al-Qadir Trust in exchange for that favour.

☆ Factbox: What is the corruption case against Pakistan's Khan?
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +2 min

ISLAMABAD, May 9 (Reuters) - Pakistan's former Prime Minister Imran Khan was arrested on Tuesday on corruption charges. Al-Qadir Trust is a non-governmental welfare organization set up by Bushra Watto, Khan's third wife, and Khan in 2018 when he was still in office. While prime minister, Khan promoted the trust at official events. Khan has publicly described her as his spiritual leader and said she helped guide him towards a spiritual path. The interior minister alleged Hussain gave the land to Khan through the Al-Qadir Trust in exchange for that favour.

May 9 (Reuters) - Pakistan's anti-graft watchdog arrested former Prime Minister Imran Khan at Islamabad High Court on Tuesday, in a dramatic move that threatens fresh turmoil in the nuclear-armed country. You won't get any other opportunity," the Pakistan Tehreek-e-Insaf (PTI) party wrote on Twitter. In most of the cases, Khan faces being barred from holding public office if convicted, with a national election scheduled for November. Previous attempts to arrest Khan from his Lahore home resulted in heavy clashes between his supporters and law enforcement personnel. Political infighting is common in Pakistan, where no prime minister has yet fulfilled a full term and where the military has ruled for nearly half of the country's history.

ISLAMABAD, April 28 (Reuters) - Inflation-hit Pakistan on Friday approved a rise of up to 20% in retail prices of general medicines and 14% for essential ones, prompting immediate criticism from drug manufacturers who said the increases were too small. The government decision followed a months-long stand-off with importers and manufacturers, whose associations have been demanding an across-the-board 39% rise, warning that the industry could otherwise collapse. But the government had pushed back against the demands for higher medicine prices, fearing such a move would lose it support months before national general elections. The finance ministry said medicine prices could be reviewed again after three months if the Pakistani rupee appreciated, adding that "no increase under this category" would be granted in the next financial year. The Pakistan Pharmaceutical Manufacturing Association (PPMA) criticised the increase, which it said was way lower than it had expected.

☆ Exclusive: Pakistan places first order for discounted Russian crude
▼ + stars: | 2023-04-20 | by ( Asif Shahzad | ) www.reuters.com time to read: +1 min

ISLAMABAD, April 20 (Reuters) - Pakistan has placed its first order for discounted Russian crude oil under a new deal struck between Islamabad and Moscow, the country's petroleum minister said, with one cargo to dock at Karachi port in May. The deal will see Pakistan buy crude oil only, not refined fuels, and imports are expected to reach 100,000 barrels per day if the first transaction goes through smoothly, Minister Musadik Malik told Reuters on Wednesday night. "Yes it is true that we will be getting only crude, not refined oil," Malik said in response to confirm sources information whether that's correct. He said Pakistan's Refinery Limited (PRL) will initially refine the Russian crude, with other refineries to be included later after a trial run. Russian Energy Minister Nikolay Shulginov led a delegation to Islamabad in January to hold talks on the deal, after which he said oil exports to Pakistan could begin after March.

The external financing is needed to fully fund the balance of payments gap for the fiscal year that ends in June. Last week Saudi Arabia also told the IMF it would provide financing of $2 billion to Pakistan. Dar has said Pakistan has given details of the scheme to the IMF, which has asked how it would it find the resources needed. The IMF program will disburse another tranche of $1.4 billion to Pakistan before it concludes in June. Reporting by Gibran Naiyyar Peshimam, writing by by Shilpa Jamkhandikar; editing by Sudipto GangulyOur Standards: The Thomson Reuters Trust Principles.

☆ Pakistan condemns India's decision to hold G20 meetings in Kashmir
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Danish Ismail/File PhotoISLAMABAD, April 11 (Reuters) - Pakistan on Tuesday condemned India's decision to hold Group of 20 meetings in the disputed Himalayan territory of Kashmir next month, calling the move "irresponsible". India currently holds the rotating year-long presidency of the G20 and is set to host a leaders' summit in New Delhi in early September. India's foreign ministry did not immediately respond to a Reuters request seeking comment on the statement from Pakistan. New Delhi has long accused Pakistan of stoking a decades-long separatist insurgency in Jammu and Kashmir, the only Muslim-majority region in India. Pakistan also accuses India of human rights violations in the parts of Kashmir under its control, a charge New Delhi rejects.

☆ Pakistan's finance minister opposes snap polls mandated by top court
▼ + stars: | 2023-04-10 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

ISLAMABAD, April 10 (Reuters) - Provincial snap elections are not in Pakistan's national interest given its economic turmoil and security situation, the country's finance minister said on Monday, in defiance of an order by the country's supreme court. Finance Minister Ishaq Dar on Monday put forward a financial bill to seek a vote on whether to approve the election funding. "The country's economic, security and internal conditions demand that snap polls aren't in the national interest," he said in a televised speech to parliament. He suggested holding the elections together in all provinces and national seats, saying that would reduce logistics and security expenses. ($1 = 286.2500 Pakistani rupees)Reporting by Asif Shahzad; editing by John Stonestreet and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

☆ Saudi provides $240 mln for Pakistan hydro-power dam
▼ + stars: | 2023-04-07 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

ISLAMABAD, April 7 (Reuters) - Saudi Arabia will provide a $240 million loan to co-finance Pakistan's multi-purpose Mohmand dam project, a major hydro-power complex being built in northwest of the country, statements from both sides said on Friday. The project will "contribute to Pakistan's energy security, increase sustainable water supply for agriculture and human consumption and improve resilience to floods," Pakistan's economic affairs ministry said in a statement. Saudi state news agency issued the same statement in Arabic. "The Saudi Fund for Development (SFD) has signed a $240 million loan agreement," the statements said. Reporting by Asif Shahzad in Islamabad; Additional reporting by Claudia Tanios in Dubai; Editing by Jason Neely and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Saudi Arabia commits financial support to help Pakistan secure IMF deal - minister
▼ + stars: | 2023-04-06 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

ISLAMABAD, April 6 (Reuters) - Saudi Arabia has told the International Monetary Fund it will provide financing to Pakistan, Pakistani junior finance minister Aisha Ghaus Pasha said on Thursday, a critical step needed to secure IMF funding. Saudi Arabia's $2 billion pledged in external financing support to Pakistan is one of the final conditions for an IMF deal that Islamabad needs to avert a default. "Apparently Saudi Arabia has committed to IMF, and IMF has indicated to us that there has been a correspondence from them," Pasha told reporters in Islamabad. ,The IMF has asked Pakistan to secure assurances on external financing from friendly countries and multilateral partners to fund its balance of payment gap for this fiscal year, which ends in June. Pasha said Islamabad was also in talks with UAE to secure an assurance for a foreign reserves deposits in central bank.

☆ 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.

KARACHI, Pakistan, April 4 (Reuters) - Pakistan's central bank raised its key interest rate by 100 basis points to a record 21% on Tuesday, as the cash-strapped country stepped up its fight against soaring consumer prices. Investors polled by Reuters had expected an even-bigger rate hike of 200 basis point from the State Bank of Pakistan (SBP), which is facing on consumer price inflation that hit a record annual level of just over 35% in March. Worldwide growth in consumer prices has compounded high inflation in Pakistan caused by a weakening currency, energy tariff increases and elevated food prices due to Ramadan. The SBP has hiked the key rate by cumulatively by 1025 bps since January 2022. In early March, the bank raised its key rate by 300 basis points to 20%, exceeding market expectations, likely to meet a key requirement of the IMF for release of bailout funds.

☆ Pakistan army says 'terrorists' from Iran side kill four soldiers
▼ + stars: | 2023-04-01 | by ( ) www.reuters.com time to read: +1 min

QUETTA, Pakistan, April 1 (Reuters) - Pakistan's army said on Saturday that attackers from Iran killed four of its border patrol soldiers. "A group of terrorists operating from Iranian side attacked a routine border patrol of Pakistani security forces operating along Pakistan-Iran Border," the army said in a statement. The incident took place in Kech district in southwestern Baluchistan province, which shares a long lawless border with Afghanistan and Iran. The army said Pakistani authorities were making contact with Iran to seek ways of preventing such incidents in future. The Baluch groups operate on both side of the border.

☆ Pakistan posts highest-ever annual inflation; stampedes for food kill 16
▼ + stars: | 2023-04-01 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

REUTERS/Akhtar SoomroISLAMABAD, April 1 (Reuters) - Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid. The March inflation number eclipsed February's 31.5%, the bureau said, as food, beverage and transport prices surged up to 50% year-on-year. A spokesman at the statistics bureau said the inflation number was the highest ever year-on-year increase recorded by the bureau since monthly records began in the 1970s. Annual food inflation in March was at 47.1% and 50.2% for urban and rural areas respectively, the bureau said. Core inflation, which strips out food and energy, stood at 18.6% in urban areas and 23.1% in rural areas.

☆ China rolls over $2 bln loan to Pakistan - finance minister
▼ + stars: | 2023-03-31 | by ( Asif Shahzad | ) www.reuters.com time to read: +1 min

ISLAMABAD, March 31 (Reuters) - Pakistan's finance minister, Ishaq Dar, said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis. "I am happy to confirm that this had been rolled over on March 23," Dar told parliament, referring to the maturity date. Dar's comments were the first official announcement of the rollover after the loan matured. A top finance ministry official told Reuters on Wednesday that a formal confirmation of the refinancing would be made after the process was completed. Longtime ally Beijing is the only help Islamabad has got so far, with refinancing of $1.8 billion credited last month to Pakistan's central bank.

KARACHI, Pakistan, March 30 (Reuters) - China is working on a request by Pakistan to roll over a $2-billion loan that matured last week, a top finance ministry official told Reuters. The rollover is critical for the South Asian nation, as its foreign exchange reserves have dipped to just four weeks worth of imports at a time when it is locked in talks with the International Monetary Fund (IMF) to secure bailout funds. The loan matured on March 23. The IMF funding is critical for Pakistan to unlock other external financing avenues, and the two have been negotiating since early February to resume $1.1 billion in funding held since November, part of a $6.5 billion bailout agreed in 2019. One of the lender's last remaining conditions for release of the tranche is securing an assurance on external financing to fund Pakistan's balance of payments.

☆ 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.

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