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Gulf Press > Business > IMF shows concern over continued political instability in Pakistan
Business

IMF shows concern over continued political instability in Pakistan

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Last updated: 2024/05/13 at 4:40 AM
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Political uncertainty in Pakistan is drawing concern from the International Monetary Fund (IMF), as reported by ARY News. The recent report from the IMF highlighted the ongoing political scenario in Pakistan, noting the coalition government formed by the PML-N and PPP. However, the report expressed worry over the major opposition formed by PTI-backed members in the National Assembly and the potential impact of political complications on policy reforms and economic stability. The IMF warned of potential pressure on loans and exchange rates due to non-implementation of economic policies and decreased external financing.

Following the 12th national general election held on February 8, allegations of rigging and disruptions in cellular and internet services, the PTI emerged as the dominant party with the highest number of successful candidates. Despite their success, the PTI has alleged rigging in the polls, further contributing to political polarisation in the country. The HRCP has raised concerns over increasing restrictions on civil and political rights, calling for economic justice and protection of civil rights. The HRCP emphasized the importance of upholding democratic principles and the rule of law amidst the escalating political tensions.

The HRCP’s annual report, ‘State of Human Rights 2023’, highlighted a deteriorating political and social landscape in Pakistan. Events such as the arrest of Imran Khan leading to public acts of violence and arson, the resurrection of military courts to try civilians, enforced disappearances, and mass arrests have raised alarms regarding the state of human rights in the country. The report also noted a rise in extrajudicial killings, street crime, mob lynchings, enforced disappearances of journalists, activists, and political workers, as well as increasing fear among religious minorities.

In response to the escalating human rights violations, HRCP officials condemned the role and performance of the Commission of Inquiry of Enforced Disappearances and stressed the importance of fulfilling people’s rights to education, livelihood, and health. They also expressed concerns over the low rate of trade unionization and the weaponization of religion for political purposes in the country. The HRCP’s report painted a grim picture of the state of human rights in Pakistan, urging the government to take immediate action to address the growing challenges facing society.

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News Room May 13, 2024
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