• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
PoliticsPakistan

Violent protests rock Pakistan’s military after former premier Imran Khan arrested on graft charges

By
Faseeh Mangi
Faseeh Mangi
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Faseeh Mangi
Faseeh Mangi
and
Bloomberg
Bloomberg
Down Arrow Button Icon
May 9, 2023, 3:48 PM ET
Imran Khan
Imran Khan, Pakistan's former prime minister, in Lahore, Pakistan, on Tuesday, Jan. 24, 2023. Betsy Joles/Bloomberg via Getty Images
Add Fortune on Google for similar content.

Protesters clashed with authorities in several cities across Pakistan, including attacks directed at the powerful military, after former premier Imran Khan was arrested as part of a graft probe, escalating the cash-strapped country’s political crisis. 

Recommended Video

Violence broke out Tuesday after Khan, 70, was detained in the capital Islamabad and taken to the National Accountability Bureau’s headquarters. A video shared by his party showed dozens of paramilitary troops from the Pakistan Rangers escorting Khan into a black SUV, while others beat back some of his supporters in a court complex.

A separate video from his party, Pakistan Tehreek-e-Insaf, showed supporters, some with sticks and face masks, entering the army’s headquarters in the garrison city of Rawalpindi. Protesters also stormed the official residence of the top regional commander in Lahore, a rare breach of an area controlled by the military. Both sites were later cleared.

Protesters set fire to at least three buildings across the country, while police said dozens of supporters have been arrested. Khan’s party reported at least four people were killed and 20 injured in separate clashes. Amid the protests, mobile broadband services were suspended on the orders of the interior ministry, according to the Pakistan Telecommunication Authority, while complaints of slow internet service spread on social media. 

“The arrest marks a major escalation in a long-running confrontation between Imran Khan and the civilian and military leadership,” said Michael Kugelman, director of the South Asia Institute at the Washington-based Wilson Center. 

The arrest followed soon after Khan repeated earlier allegations that a senior military officer was behind his assassination attempt last year and “given that Khan was detained by paramilitary forces, this was likely the military acting directly. But if so, the civilian leadership, given their long and ugly vendetta with Khan, surely backed the move,” Kugelman added.

Khan’s party said he was arrested Tuesday in connection with a graft investigation involving a plot of land.

The Islamabad High Court said late Tuesday that the arrest was legal, according Khan’s lawyer, Intazar Hussain Panjutha. The NAB will present Khan in a special court Wednesday and request to keep him in custody to assist with the investigation, which will be challenged, Panjutha said.

The NAB has been used as a tool to go after political opponents in the past. Former premier Shahid Khaqan Abbasi and Finance Minister Miftah Ismail were kept in custody for months before being released and found innocent.

Khan faces a slew of court cases and was set to be formally indicted Wednesday in a case that involved allegations that he did not properly disclose earnings from the sale of state gifts from his time in office. 

The government has no control over the NAB, Interior Minister Rana Sanaullah said at a press conference in Islamabad. “Khan has done corruption that is clearly documented. This and state-gift selling case are both evidence.”

Pakistan’s dollar bonds pared earlier gains, with the security due April 2024 retreating to 50.1 cents on the dollar from as high as 51.3 earlier Tuesday, after news of the arrest. The nation’s rupee fell 0.35%, the most in a month, at close. Its benchmark KSE-100 Index fell by 1.1% at close, the most in almost seven weeks.

“More protests, more disruption, more violence, and more political and economic dysfunction is on the way,” said Hasnain Malik, a strategist at Tellimer in Dubai. “Taking the painful decisions the economy needs and holding orderly elections will become even harder now.”

The latest upheaval comes as Pakistan is grappling with an economy in deep distress. Moody’s Investors Service has warned the nation could default without an International Monetary Fund bailout as its financing options beyond June are uncertain. It downgraded the nation’s rating to an all-time low earlier this year.

Prime Minister Shehbaz Sharif, who traveled to London to attended the coronation of King Charles III, decided to delay his return to Pakistan until Wednesday, Information Minister Marriyum Aurangzeb said Tuesday morning before the arrest, citing the need for consultations on political and national issues.

Islamabad is struggling to restart a $6.5 billion bailout program from the Washington-based lender, which has stalled after the government failed to meet some loan conditions. Political tensions will only add to the risks of a delay.

Over the weekend, Khan had once again accused the nation’s powerful military of being behind at least two attempts to murder him, focusing on the alleged involvement of a senior official from the Inter-Service Intelligence, or ISI, which oversees Pakistan’s internal security.

The army had slammed his remarks and asked him to address the matter in court.

The politician is agitating for early elections after getting ousted in April 2022 in a no-confidence vote. Emboldened by strong support in opinion polls and rallies, Khan has shown no signs of backing down against the government and the army and is seeking support from the Supreme Court to hold polls in two provinces for a start.

The arrest could backfire on Shehbaz Sharif’s government, Kugelman said. 

“It could stoke unrest, intensify public fury against the government, anger key Pakistani partners like China that have called for reduced tensions, and raise serious concerns among bilateral donors and the IMF.”

–With assistance from Ismail Dilawar, Netty Ismail, Srinivasan Sivabalan and Maria Elena Vizcaino.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Faseeh Mangi
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Politics

Trump Accounts draw 6.5 million sign-ups, but some families are still waiting on the promised $1,000 funding
InvestingDonald Trump
Trump Accounts draw 6.5 million sign-ups, but some families are still waiting on the promised $1,000 funding
By The Associated Press and Moriah BalingitJuly 22, 2026
1 hour ago
Tiny Texas town sues to block Trump’s border wall that it says threatens the Rio Grande’s flood levees
PoliticsDonald Trump
Tiny Texas town sues to block Trump’s border wall that it says threatens the Rio Grande’s flood levees
By The Associated Press and Rebecca SantanaJuly 22, 2026
2 hours ago
Trump
PoliticsDonald Trump
Trump approves Saudi nuclear deal that could allow uranium enrichment as U.S. wages war to end Tehran’s program
By The Associated Press, Aamer Madhani, Michelle L. Price and Jon GambrellJuly 22, 2026
2 hours ago
zm
PoliticsNew York City
Mamdani fails to arrest Netanyahu while insisting ‘war criminal’ isn’t welcome in New York City
By The Associated PressJuly 22, 2026
5 hours ago
t
CommentaryTariffs
Trump’s third tariff tantrum piles more dizzying distractions on top of ever-spiraling failures
By Jeffrey Sonnenfeld and Steven TianJuly 22, 2026
6 hours ago
Anthea Hartig, Director of the National Museum of American History, looks to her left at a House Committee.
PoliticsWhite House
Smithsonian director denies ‘woke’ label from Trump while defending exhibit on teen’s gender-identity diary
By Steven Sloan and The Associated PressJuly 21, 2026
21 hours ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
23 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
1 day ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
1 day ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
2 days ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.