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Pakistan court orders KP speaker to swear in new chief minister if governor fails

Pakistan court orders KP speaker to swear in new chief minister if governor fails
Newly-elected Chief Minister of Khyber Pakhtunkhwa (KP), Sohail Afridi, speaks during a KP assembly session in Peshawar, Pakistan, on October 13, 2025. (KP government/File)
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Pakistan court orders KP speaker to swear in new chief minister if governor fails

Pakistan court orders KP speaker to swear in new chief minister if governor fails
  • Court gives Governor Kundi until 4 p.m. Wednesday to administer oath to CM-elect Sohail Afridi
  • Afridi’s election took place amid uncertainty after Kundi’s refusal to accept ex-CM’s resignation

ISLAMABAD: A Pakistani high court on Tuesday directed Khyber Pakhtunkhwa (KP) Assembly Speaker Babar Saleem Swati to administer the oath of office to Chief Minister-elect Sohail Khan Afridi if Governor Faisal Karim Kundi fails to do so by 4 p.m. on Oct. 15.

The development comes after incarcerated former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party petitioned the Peshawar High Court (PHC) on Monday to nominate Swati or another person to administer the oath after Afridi secured a majority in the provincial assembly.

Afridi’s election took place amid uncertainty triggered by Kundi’s refusal to accept outgoing Chief Minister Ali Amin Gandapur’s resignation, which was submitted twice — on Oct. 8 and Oct. 11 — over discrepancies in his signatures.

However, the governor’s refusal to accept Gandapur’s resignation was widely viewed as political rather than procedural, aimed at stalling PTI’s smooth transition of power in the province. Kundi belongs to the Pakistan Peoples Party, which is part of the ruling coalition at the federal level, while PTI is the main opposition force at the center, with a great deal of bitterness between the two sides.

A single-judge bench headed by PHC Chief Justice S.M. Attique Shah issued the verdict on the matter after hearing the case on Tuesday.

“[I]n the event of failure of the worthy governor to administer the oath of office ... by 4 p.m. on Wednesday, Oct. 15, 2025, then, in exercise of the authority conferred in terms of Article 255(2) of the Constitution ... I, S.M. Attique Shah, CJ PHC, hereby nominate Babar Saleem Swati ... to administer the oath of office to the newly elected CM,” the chief justice said in his nine-page order.

Article 255(2) of Pakistan’s Constitution states that if a specific person is unable to administer the oath, it may be administered by another person duly nominated.

“Certainly, upon his failure to administer the oath to the newly elected chief minister within a reasonable time, it would be construed that such circumstances have arisen as to render the administering of oath to the newly elected chief minister impracticable in terms of Article 255(2) of the Constitution,” the order said.

“This forum further trusts that no impediment shall be caused in the administration of the oath, and that the process will be completed without any further delay,” it added.

Afridi was elected chief minister after Khan directed Gandapur to step down amid concerns over governance and the deteriorating security situation in KP, the province bordering Afghanistan that has faced frequent militant attacks by the Pakistani Taliban (TTP) and other groups in recent months.

Gandapur, who assumed office last year following the PTI party’s victory in the provincial elections, was regarded as one of Khan’s most loyal aides.

Afridi, a legislator from the Bara district, is expected to face major challenges, including rebuilding provincial finances and tackling cross-border militancy.


Online businesses risk $700,000 in losses as Internet slowdown hits Pakistan

Online businesses risk $700,000 in losses as Internet slowdown hits Pakistan
Updated 27 sec ago

Online businesses risk $700,000 in losses as Internet slowdown hits Pakistan

Online businesses risk $700,000 in losses as Internet slowdown hits Pakistan
  • Internet service providers cite undersea cable maintenance for nationwide disruption
  • Digital rights expert says Internet outages hurt productivity, cause heavy business losses

ISLAMABAD: Pakistan’s online businesses risk losing nearly Rs200 million ($700,000) a day as Internet services slowed nationwide on Tuesday amid widespread disruption caused by “maintenance activity” on a major submarine cable, according to the Chain Store Association of Pakistan (CAP).

The slowdown followed announcements by major Internet providers, including Nayatel and the Pakistan Telecommunication Company Limited (PTCL), that emergency maintenance was being carried out on one of the country’s undersea cables.

Nayatel said in a post on X that the work, which began around 11 a.m., could last up to 18 hours and cause Internet slowness across Pakistan.

Mobile Internet services were also suspended in Islamabad and Lahore over the weekend following protests by the religio-political party Tehreek-e-Labbaik Pakistan (TLP), whose activists clashed repeatedly with police.

“Our estimate is that when Internet services, both mobile and fixed broadband, are down nationwide for 24 hours, it causes approximately Rs200 million in daily losses,” Asfandyar Farrukh, the CAP chairman, told Arab News.

CAP represents more than 150 of Pakistan’s leading retail businesses and small- and medium-sized enterprises (SMEs).

He added that the full financial impact of Tuesday’s slowdown could only be assessed after 24 hours of monitoring.

GIG ECONOMY

For gig-economy workers, however, the disruption means a complete loss of income.

Muhammad Riaz, an online cab driver, said slow or no Internet means he cannot feed his four children.

“It drives me crazy when the Internet is slow,” he said. “It takes half an hour just to get one ride. You know how Internet signals are in the streets. Even in normal places, it can get very difficult, extremely difficult.”

Riaz said he earned nothing when the Internet was down over the weekend, as he had to stay home.

“Ordinary people are the ones suffering the most,” he continued. “A daily-wage earner, if he doesn’t earn during the day, he can’t eat. How long can he feed his children like this?”

Adil Zahid, a food delivery rider, said outages make his work impossible.

“When we face signal issues here in Pakistan, our delivery work stops, which causes us major losses,” he said. “Our daily loss without Internet is around two to three thousand rupees [$7-$11].”

Zahid added that without Internet access, he cannot use navigation maps or receive orders.

Another delivery worker, Waseem Barkat, said the disruptions make it extremely difficult to contact customers or locate delivery points.

“When we go to different places, we can’t contact the customer because their number and location details don’t load properly,” he said. “Everything just shuts down in those areas.”

Digital rights experts say such disruptions ripple far beyond the gig economy, hampering productivity and eroding public confidence in the country’s digital infrastructure.

“Internet disruptions, whether planned or unplanned, inflict massive economic losses on online businesses, disrupt supply chains and erode customer trust,” said Haroon Baloch, a digital rights activist.

“In a digital economy where every second of downtime can translate to millions in losses for e-commerce platforms, freelancers and startups, these interruptions aren’t just inconveniences,” he continued. “They become barriers to growth and innovation.”


Pakistan, UAE agree to boost cooperation in AI, digital governance at GITEX Global 2025

Pakistan, UAE agree to boost cooperation in AI, digital governance at GITEX Global 2025
Updated 14 October 2025

Pakistan, UAE agree to boost cooperation in AI, digital governance at GITEX Global 2025

Pakistan, UAE agree to boost cooperation in AI, digital governance at GITEX Global 2025
  • Shaza Fatima Khawaja held meetings on the sidelines of the event featuring Pakistani startups and tech firms
  • Pakistan and the UAE also discussed joint work on cybersecurity, data sovereignty and cloud infrastructure

KARACHI: Pakistan and the United Arab Emirates on Tuesday agreed to deepen cooperation in artificial intelligence, digital governance and data innovation during a meeting held on the sidelines of GITEX Global 2025 in Dubai, Pakistan’s IT ministry said.

The event, which runs from Oct 13 to 17 and features more than 6,500 companies from over 180 countries, is the world’s largest tech exhibition, drawing nearly 200,000 professionals and speakers on AI, cybersecurity, quantum computing and sustainable technologies.

Pakistan has set up a National Pavilion with 10 startups and more than 26 technology firms to highlight the country’s expanding digital potential at the event. The pavilion was inaugurated by IT Minister Shaza Fatima Khawaja, who held talks with Omar Suwaina Al Suwaidi, undersecretary at the UAE Ministry of Industry and Advanced Technology, on expanding collaboration in advanced technology and startup development.

“The minister highlighted Pakistan’s Digital Nation Pakistan Act, National Data Exchange Layer and initiatives promoting a cashless economy, smart governance and AI integration," the ministry said. "Both sides agreed to strengthen cooperation in advanced technology, data innovation and cross-border startup investment.”

The Digital Nation Pakistan vision seeks to position the country as a regional hub for innovation and public-sector digitization through policies encouraging AI adoption and e-governance.

Khawaja also met Dr Mohamed Al Kuwaiti, head of the UAE Cybersecurity Council, to discuss joint work on cyber-resilience, cloud governance and data-infrastructure security. Both sides agreed to develop frameworks for data sovereignty, cybersecurity capacity-building and training initiatives.

Meetings with Abu Dhabi’s G42 cloud group and the Abu Dhabi Investment Office explored partnerships on sovereign-cloud infrastructure, AI innovation hubs and digital investment under Pakistan’s Cloud First Policy.

The minister further held discussions with Vasile Catalin, advisor at Romania’s Ministry of Economy, on cooperation in cybersecurity policy, ethics and digital governance and explored institutional linkages between Pakistan’s National Cyber Emergency Response Team (PKCERT) and Romania’s National Cybersecurity Directorate (DNSC).

In separate sessions, Dr Ramin Hasani, CEO of Liquid AI, and Andrew Feldman, CEO of Cerebras Systems, briefed Khawaja on AI research and infrastructure projects, agreeing to collaborate on AI-skill development, startup incubation and access to advanced compute systems supporting Pakistan’s National Artificial Intelligence Policy 2025.

Pakistan’s expanding footprint at GITEX has coincided with rising IT exports to the UAE, which reached $380 million this year, up from $280 million in 2024, according to Pakistan’s ambassador to the UAE, Faisal Niaz Tirmizi.


Pakistan stocks soar over 7,000 points amid easing geopolitical, domestic tensions

Pakistan stocks soar over 7,000 points amid easing geopolitical, domestic tensions
Updated 14 October 2025

Pakistan stocks soar over 7,000 points amid easing geopolitical, domestic tensions

Pakistan stocks soar over 7,000 points amid easing geopolitical, domestic tensions
  • KSE-100 index jumps 7,032.60 points, or 4.44 percent, to close at 165,476.02 on Tuesday
  • Stocks rebound as investors cheer improved Pak-US ties, progress on Gaza ceasefire

ISLAMABAD: Pakistan’s benchmark share index jumped over 7,000 points on Tuesday, with analysts attributing the spike to easing geopolitical and domestic tensions, which lifted investor sentiment.

The KSE-100 index surged by 7,032.60 points, or 4.44 percent, to close at 165,476.02, compared to the previous close of 158,443.42.

Sana Tawfik, the Head of Research at Arif Habib Limited, said the index surged past the 165,000 level, marking one of the largest point gains in the history of the index.

“The rally was fueled by easing geopolitical and domestic political tensions, coupled with renewed investor interest as the results season commenced,” she told Arab News over the phone.

The Pakistan Stock Exchange (PSX) fell sharply on Monday as cross-border hostilities between Pakistan and Afghanistan prompted broad-based selling across key sectors.

The two neighbors exchanged heavy cross-border fire over the weekend, leaving 23 Pakistani soldiers and over 200 Afghan Taliban fighters dead, according to the Pakistan military.

The country also witnessed clashes between the government and a religio-political party striving to march on Islamabad in the last few days before their movement was halted on the outskirts of eastern Lahore.

Meanwhile, Ahsan Mehanti, Chief Executive Officer of Arif Habib Commodities, said stocks showed a strong recovery as investors welcomed improving Pakistan-US relations, progress on the Gaza ceasefire deal and easing tensions with Afghanistan.

“Renewed hopes for a positive Pakistan-International Monetary Fund and World Bank review meeting for the release of an IMF tranche next month played a catalytic role in record bullish activity at the PSX,” he said.

Pakistan’s Finance Minister Muhammad Aurangzeb arrived in Washington on Sunday to attend the IMF and World Bank annual meetings and hold talks on investment, taxation and economic reforms.


Pakistan doubles US oil imports to $150 million to narrow trade surplus

Pakistan doubles US oil imports to $150 million to narrow trade surplus
Updated 14 October 2025

Pakistan doubles US oil imports to $150 million to narrow trade surplus

Pakistan doubles US oil imports to $150 million to narrow trade surplus
  • Top refiner Cnergyico books two Vitol cargoes, first due in Karachi on October 30
  • The company may import more WTI crude early next year if margins stay favorable

KARACHI: Pakistan has doubled its oil import cargoes to two million barrels from the United States and will receive the first shipment from its supplier Vitol on October 30, said Usama Qureshi, vice chairman of Cnergyico PK Limited, the country’s largest oil refiner and fuel marketer.

The company, which operates a refinery with a capacity of 156,000 barrels per day, is importing West Texas Intermediate (WTI) light crude for the first time in Pakistan’s history.

The South Asian nation has so far relied on Gulf suppliers, particularly the United Arab Emirates and ֱ, to meet its energy needs.

“We have booked two cargoes in total,” Qureshi told Arab News on Tuesday. “The first shipment will arrive in Karachi on October 30, followed by the second on November 15.”

The Cnergyico official confirmed that his company had doubled its one-million-barrel oil imports for October and November cargoes.

“Each shipment consists of one million barrels of American crude,” he said.

Cnergyico’s current deal with Vitol came after Pakistan and the US negotiated and struck a trade deal that slashed US President Donald Trump’s 29 percent reciprocal tariffs on Pakistani imports to 19 percent.

The import plan is expected to help Pakistan diversify its crude sourcing and is being seen as part of Islamabad’s efforts to reduce its approximately $3-billion trade surplus with Washington, in line with Trump’s policy.

Cnergyico’s shipments are valued at $150 million, which would further narrow the trade deficit, said Qureshi.

Rabbiya Khalid, a public relations officer at Pakistan’s energy ministry, did not respond to questions seeking her comment.

However, Muhammad Saad Ali, head of research at Lucky Investments Limited, confirmed Islamabad was trying to increase its imports from the US under the new trade deal.

“Pakistan will buy some agricultural products and some petroleum products from the US,” he said. “They are importing US crude on a test basis.”

Last fiscal year, Pakistan imported petroleum products worth $16 billion, which were the largest item on the nation’s $58.4 billion import bill, according to Pakistan Bureau of Statistics data.

Cnergyico may increase its oil imports from the US if the first test spot cargo is evaluated as commercially viable.

“If the pricing and premiums remain favorable and the gross refining margins are better than those for Arab crudes and other West African lighter crudes, then we may consider further purchases,” he added.

The company is also assessing the viability of potential cargoes for January and February.

“There is no decision yet to buy monthly cargoes,” said the vice chairman of Cnergyico.

The company plans to upgrade its refinery and build a second offshore terminal called a Single Point Mooring to start exports.

Its first mooring has been operational since 2012 and is the only offshore facility in Pakistan that handles large cargoes. 


Pakistan finance minister sees staff deal on $1.2 billion IMF payout this week

Pakistan finance minister sees staff deal on $1.2 billion IMF payout this week
Updated 14 October 2025

Pakistan finance minister sees staff deal on $1.2 billion IMF payout this week

Pakistan finance minister sees staff deal on $1.2 billion IMF payout this week
  • Muhammad Aurangzeb says Pakistan’s first yuan-denominated bond expected before year-end
  • He calls Pakistan’s privatization push an important part of the government’s economic roadmap

WASHINGTON: Pakistan is poised to sign a preliminary deal on a review of its loan program with the International Monetary Fund this week, the country’s finance minister said, a key step required to pave the way for another $1.24 billion payout from the lender.

An IMF mission left Pakistan last week without signing a so-called staff level agreement (SLA) on the second review of the Washington-based lender’s $7 billion Extended Fund Facility and the first one on its $1.4 billion Resilience and Sustainability Facility agreed in 2024 to shore up the economy after a severe financial crisis.

“The mission was on the ground for a couple of weeks, we had very constructive dialogue with them around the quantitative benchmarks, the structural benchmarks and we’ve been having some follow-up discussions,” Muhammad Aurangzeb told Reuters during an interview on the sidelines of the IMF World Bank annual meeting.

“During the course of this week, we’re hoping that we can get the SLA done.”

Countries under IMF lending programs need to pass regular reviews, which — once signed off by the Fund’s executive board, trigger a payment of the next tranche of IMF funding.

The IMF program agreed in September 2024 helped shore up then-cash-strapped Pakistan’s $370 billion economy that was engulfed in an economic crisis with inflation spiraling to record highs, a rapidly depreciating currency and a bulging external deficit.

Aurangzeb expected the government would launch a green Panda bond — the first one denominated in Chinese yuan for Pakistan — before year-end and return to international markets next year with a bond sale of at least $1 billion, though details were still to be decided.

“Euro, dollar, Sukuk, Islam Sukuk — we’re keeping our options open,” he said.

Meanwhile, the privatization push — part of a long-delayed sale of state assets under an economic reform and fiscal stabilization agenda — was expected to gain traction in the fiscal year to end-June after disappointing results last year.

“This is something which is very important as part of our economic roadmap,” he said.

Pakistan was also making progress on the sale of three power distribution companies and national carrier Pakistan International Airlines (PIA).

“We are quite hopeful,” Aurangzeb said, citing prospects for qualified bidders for PIA after lucrative routes to Europe and Britain were opened, which made it “a very good proposition for the investors.”

The transaction would mark the country’s first major privatization in about two decades. A previous attempt collapsed last year after a single lowball offer was received, but the government has since drawn interest from five domestic business groups including Airblue, Lucky Cement, investment firm Arif Habib and military-backed Fauji Fertilizer.

Final bids are expected later this year.