Pakistan to call elections this week after Imran Khan jailed

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Pakistan to call elections this week after Imran Khan jailed
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Reaction to Khan’s arrest was muted, unlike in May when his detention brought hundreds of thousands of people to the streets. Read more at straitstimes.com.

ISLAMABAD - Pakistan Prime Minister Shehbaz Sharif is set to dissolve Parliament days before his term expires at the end of the week, a development that comes shortly after popular former leader Imran Khan was imprisoned in a graft case.

Speculation is growing that federal and provincial elections may be delayed until next year after Mr Sharif last week said they must be based on new census data. On Saturday, he chaired a meeting to approve the latest data, saying the world’s fifth-most populous nation needed to boost economic development to keep up with the increase in numbers.

Any delay stands to help Mr Sharif’s ruling PML-N and other allied political groups gain ground among voters after Khan was sentenced to jail for hiding the proceeds from the sale of state gifts. Khan, who has topped opinion polls, was picked up on Saturday and sent to a jail at the outskirts of the capital Islamabad.

Investors took the latest developments in stride, with the nation’s dollar bonds up on Monday. Debt due in 2031 rose 0.2 cents to 49.2 cents on the dollar. Pakistan’s benchmark stock index is little changed at 1.47pm local time.

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