Connect with us

Pakistan

If PTI’s long march leads to bloodshed, govt will stop it: Marriyum Aurangzeb

Published

on

  • Information minister says nothing is bothering Imran Khan more than the fact that Shehbaz Sharif has become country’s premier.
  • Says there was no conspiracy as claimed by Imran.
  • Says Imran trampled on honour of country by letting IMF sway over SBP.

LAHORE: Information Minister Marriyum Aurangzeb on Sunday announced that if the PTI’s planned long march to Islamabad leads to bloodshed, then the government will take measures to stop it.

Her comment came in response to former interior minister Sheikh Rasheed’s statement when he expressed his fears that the PTI’s planned long march might get “bloody” and demanded the “powerful quarters” to intervene.

Speaking during a press conference in Lahore, Aurangzeb criticised former prime minister Imran Khan and said that nothing is bothering him more than the fact that Shehbaz Sharif has become the country’s premier through a democratic process.

“An incompetent, thief and corrupt prime minister was removed from power through a no-confidence motion,” said Aurangzeb, adding that his allies left him because he failed to fulfil his promises. 

She further said that Imran Khan, through his “independence march”, will not be able to distract the attention of the masses from the Farah Gogi corruption scandal.

Addressing Khan’s alleged US-backed conspiracy which, according to him, led to his ouster from the government, Aurangzeb asked: “What kind of atomic bomb were you making that the United States felt threatened by you and sought to remove you from power?”

“There was no conspiracy. Imran Khan is not sad about his ouster but he cannot tolerate Shehbaz Sharif replacing him,” she said, adding that the Shehbaz did not get a single vote from a “turncoat” to become the premier. 

She said that despite being in power for almost four years, Imran Khan is still hurling accusations against his opponents. 

Shedding light on Imran Khan’s foreign policy and the decision of his government to allow the International Monetary Fund to sway over the State Bank of Pakistan (SBP) by giving it autonomy, the information minister said that it was PM Shehbaz Sharif who broke the country free of shackles and approached friendly countries for the sake of Pakistan’s development.

“Shahbaz Sharif did not become a beggar by trampling on the honour of the country like you,” she said. 

Criticising the former premier further, Aurangzeb said that the PTI-led government had gagged the Opposition as well as the media for four years.

Speaking high of the PML-N government, she said “We have always accepted criticism if it is for the better. We stood by the journalists when they were bullied.”

Latest News

Explanation: The increase in inflation in the United States would cause electricity costs in Pakistan to rise.

Published

on

By

Electricity contracts between Independent Power Plants (IPPs) and the federal government not only involve capacity costs, but also have a significant impact on the economy and the financial well-being of the population. These contracts are closely linked to the inflation rate and the value of the US dollar.

Startling disclosures have emerged regarding the exorbitant electricity tariffs in Pakistan. The Council of Economic and Energy Journalists Sage, representing the institute, provided a briefing to leading journalists in Karachi.

According to the information provided, the electricity rate component in Pakistan experienced a 253 percent increase from 2019 to 2024 as a result of inflation in America.

The data presented in the briefing indicates that the capacity charges in Pakistan were Rs3.26 per unit in 2019 and climbed to Rs10.34 per unit in 2024.

The capacity charges imposed on the public incorporate the effects of both US inflation and domestic inflation.

Due to the rise in the country’s interest rate, the interest payment for energy has climbed by 343% during a span of four years. Over the course of four years, the working capital of IPPs caused a 716 percent increase in the cost of power per unit.

The electricity rate has increased by 12 to 20 percent, with 70 percent of the charges being capacity charges.

SDPI experts recommended the government to adopt a centralised tariff policy rather than a universal electricity tariff strategy.

The power generation capacity amounts to 23,000 megawatts.

As a result of the increase in solar power generation in the country, the capacity charges will have an additional adverse impact on the residents.

Continue Reading

Business

Significant surge in the price of gold in Pakistan

Published

on

By

On Friday, the price of gold in Pakistan continued to increase.

According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold per tola has risen by Rs2,200, reaching Rs249,000.

The price of 10-gram 24-karat gold increased by Rs1,886, reaching a total of Rs213,477. On Thursday, the cost of 10 grammes of 22-karat gold was Rs195,687.

The global gold market likewise had a rising trajectory. As per APGJSA, the worldwide rate was $2,404 per ounce, showing a decline of $24 during the course of the trading day.

The local market witnessed constant silver prices at Rs2,900 per tola.

Market observers attribute the increase in gold prices to other variables, such as volatility in the global market, currency exchange rates, and economic conditions. The ongoing surge in gold prices is likely to impact investment choices and consumer behaviour in the near future.

Continue Reading

Latest News

Court ruling: PTI to overtake all other parties in the National Assembly

Published

on

By

Eight independents and 84 Sunni Alliance members mean that the PTI will likely have 92 legislators in the National Assembly, according to sources.

PTI’s strength in the Lower House is expected to surge to 114 members if it regains the 22 reserved seats it previously lost.

As for the PML-N, they have 108 members in the National Assembly; PPP has 68; MQM has 21; JUI-F has 8; PML-Q has 5; and IPP has 4.

Following the Supreme Court’s ruling on the distribution of reserved seats, the 77 extra seats meant for women and minorities were taken away from the PML-N, PPP, MQM, and JUI.

The electoral commission had on May 13 suspended the 77 Sunni Ittehad Council reserved seats on directives from the Supreme Court. 22 National Assembly seats and 55 provincial assembly seats are among the contested seats.

There are eleven seats from Punjab and eight from Khyber Pakhtunkhwa in the National Assembly that are up for debate among women. The suspended seats also include three seats that are designated for minorities. In the National Assembly, the PPP received five seats, the JUI received three, and the PML-N received fourteen of the 22 heavily contested seats.

There are no longer any allocated seats for minorities or women in the Khyber Pakhtunkhwa Assembly, with 21 seats for women. In addition to the JUI-F, the PML-N was allotted seven seats, the PPP seven, and the ANP one.

The Supreme Court’s decision has suspended the three minority seats and the 24 reserved seats for women in the Punjab Assembly. The PML-N received 23, the PPP received 2, the PML-Q received 1, and the Istehkam-e-Pakistan Party received 1 in Punjab.

There are now no longer any designated seats in the Sindh Assembly for women and minorities. MQM was allotted one reserved seat out of these, and the PPP two.

Continue Reading

Trending