Pakistan

Ishaq Dar takes oath as senator after five years of self-exile

Published

2 years ago

Farwa

Dar will take oath as finance minister tomorrow (Wednesday).
President Arif Alvi to administer oath to Dar at Aiwan-e-Sadar.
Preparations for oath-taking ceremony are underway.

PML-N leader Ishaq Dar on Tuesday took oath as a senator during a swearing-in ceremony at the Senate after living five years in self-imposed exile in the United Kingdom.

Dar had been successfully elected to the Senate from Punjab but had been out of the country since October 2017.

Senate Chairman Sadiq Sanjarani administered the oath amid the ruckus created by the Opposition. PTI members tore the copies of the agenda of the meeting to register their protest and also surrounded the dais.

The Senate chairman directed all members to maintain the decorum of the Upper House as Dar continued to receive felicitations from members of the coalition parties.

The politician, who touched down in Pakistan with Prime Minister Shehbaz Sharif Monday night, will swear in as the federal finance minister tomorrow (September 28) at 10am.

President Arif Alvi will administer the oath to Dar at Aiwan-e-Sadar. All arrangements for the oath-taking ceremony will be completed by tomorrow morning.

‘Rupee’s value kept artificially low’

Blaming the hundi and hawala businesses, Dar said that the rupee’s value has been kept low artificially, adding that such practices cannot hold the local currency hostage.

In a question-and-answer break during the Senate session, Dar said that the US dollar depreciated by around Rs10 against the rupee since he landed in the country, stating that one of the problems faced by the country is the artificial depreciation of the rupee.

“Inflation is also high,” he said listing the issues that the coalition government has to fix.

Referring to the winning streak of the rupee in the market, the PML-N leader said that the country’s debt reduced by Rs1,350 billion in less than 24 hours. He also stressed the need for amendments to the previous finance bill.

‘I will try my best to pull Pakistan out of maelstrom’

“I have returned to my country by the grace of God. I will try my best to pull Pakistan out of the [economic] maelstrom it is surrounded with,” Dar had said earlier.

He shared that PML-N President Nawaz Sharif and the PM have handed over the responsibility of the finance ministry to him.

“[We] pulled Pakistan out of an economic maelstrom back in 1998 and 2013,” the incoming finance minister said.

Dar has returned to “facilitate” the government in its efforts to resurrect the cash-strapped economy by taking over the key portfolio of the finance ministry.

Miftah Ismail stepped down as the finance minister in line with the party’s decision ahead of Dar’s arrival

The decision was made during a meeting of PML-N leaders in London, including Nawaz Sharif, PM Shehbaz, and others. During the session, several issues related to the country were discussed in detail.

According to a PML-N spokesperson, during the meeting, Miftah handed over his resignation to Nawaz and thanked him for giving him a chance to lead the ministry.

Miftah also said that over the last four months, he performed to the best of his abilities and remained loyal to his party as well as the country.

However, he will continue to remain part of the government.

Latest News

Rainfall throughout the night stops flights in Lahore.

Published

17 hours ago

Farwa

Allama Iqbal International Airport experienced many hours of flight disruption due to the intense rainfall and windstorms that occurred overnight in Lahore, the provincial capital of Punjab.

Aviation sources claim that because of the monsoon weather, the flight operation was unable to operate between 3 and 4 am.

It is possible that the planes will arrive at the airport at 4 am.

Amidst delays in foreign airline flights, three aircraft made landings in Multan and Peshawar.

Riyadh flights arrived in Peshawar Airport, while flights scheduled to land in Lahore in Abu Dhabi and Bahrain ended up landing in Multan Airport.

Seven hours later than scheduled, the Qatar Airways flight from Doha arrived in Lahore.

Because of the bad weather, there are delays in the arrival and departure of numerous international planes.

Latest News

Changes to Pakistan’s Test team could be significant for the Bangladesh series.

Published

17 hours ago

Farwa

Major changes to Pakistan’s team are anticipated ahead of the forthcoming Test series against Bangladesh, sources in Lahore have revealed.

As the team gets ready for the series, meetings with the players are planned for next week.

It is predicted that the Test squad would undergo several changes. The team’s lineup is expected to be strengthened by the likely inclusion of Muhammad Huraira. Key players like Faheem Ashraf, Wasim Jr., Saim Ayub, and Nauman Ali, whose contributions are vital to the team’s success, struggle to get a spot on the squad.

Furthermore, according to sources, Imamul Haq or Sahibzada Farhan are anticipated to be added to the team, subject to additional assessment. Furthermore, following a fitness assessment, Amir Jamal and Hasan Ali’s futures will be determined.

The ultimate selection for the Test team will take place following Red Ball head coach Jason Gillespie’s return to Pakistan. The ultimate squad that will play Bangladesh in the forthcoming Test series will be greatly influenced by his assessments and thoughts.

Pakistan is scheduled to visit New Zealand in March and April of 2025, according to the country’s official cricket schedule, which was released earlier this month.

Throughout their visit, the Pakistan cricket team will play three One Day Internationals (ODIs) and five Twenty20 Internationals (T20Is) in an exciting series.

The T20I series, which starts at Hagley Oval in Christchurch on March 16, will serve as the tour’s opening event.

Latest News

PM Meets With KP Lawmakers: Promises Progression and Relief Efforts in Province

Published

17 hours ago

Farwa

Khyber Pakhtunkhawa lawmakers are given assurances by Prime Minister Shehbaz Sharif regarding the province’s development, namely in the amalgamated districts, with a particular emphasis on the provision of standard health and educational facilities.

Khyber Pakhtunkhwa National and Provincial Assembly members paid a visit to Prime Minister Muhammad Shehbaz Sharif at PM House.

During the meeting, the Prime Minister stated that the PML-N Government has always given priority to the development of the combined districts.

The prime minister promised that the combined Districts would have standard health and educational facilities, and that Danish Schools would be established nearby to offer local pupils an education of the highest caliber possible.

The PM also underlined the importance of promoting solar energy, combating electricity theft, and helping the middle class and impoverished.

He said that in order to boost the agriculture sector’s growth, expand the amount of land under cultivation, and reduce the nation’s reliance on foreign fuel imports, the government was converting agricultural tubewells to solar energy nationwide.

According to PM Shehbaz Sharif, the government recently provided significant reduction from electricity rates for those with low and moderate incomes.

At the event, he also announced the creation of a committee headed by the deputy prime minister, whose goal will be to identify long-term solutions to the issues facing Khyber Pakhtunkhwa’s elected officials.

He argued that in order to preserve the nation from going into default, the current government had to make difficult political choices in order to revitalize the economy.

The parliamentarians gave Prime Minister Shehbaz Sharif high marks for his visionary leadership in transforming Pakistan’s economy.