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

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  • 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. 

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Punjabi bakers decide to charge Rs. 15 for “roti.”

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The bread, known as roti, will be sold for Rs 15 by the bakers association.

During their discussion, the association promised Food Minister Bilal Yasin that the rate of roti will be reduced.

The minister was there when Association President Aftab Gul recorded a video message committing to sell rotis for Rs15 each.

According to him, the administration decided to lower the rate of flour. He continued, saying that the group was supporting the government hand in hand to stop inflation.

The price of flour has been drastically lowered, according to Food Minister Bilal, to help the populace. He stated, “the government aimed at providing quality and affordable bread to the masses.”

He said that the recent reduction of Rs 1,200 in the price of flour was the biggest drop in the commodity’s prices in the nation’s history.

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Day four of the AJK inflation protest begins as talks come to a standstill.

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Following the collapse of talks between the Awami Action Committee and the AJK government on Sunday, the shutdown strike and protests in Azad Kashmir over rising flour and energy costs started their fourth day on Monday.

The ongoing shutdown and wheeljam strike would continue until their demands are fulfilled, according to the Awami Action Committee.

AAC-led march on state capital Muzaffarabad today has brought the valley to a near stop. The caravans are coming from many AJK cities, and they are headed towards Rawalakot. The march is being caused by the impasse in the negotiations.

Reportedly, the demonstrators have blocked the 40-kilometer Kohala–Muzaffarabad Road, which connects Kohala Town and Muzaffarabad, multiple times.

Traffic on main thoroughfares and roads has decreased, and large police contingents have been stationed at strategic points and roundabouts.

After fighting broke out between the police and demonstrators in Mirpur on Saturday, which left one policeman dead and numerous others injured, the AJK government dispatched Rangers.

Everything is completely suspended, including internet and cellular services, business, and education.

Under the pretext of talks, Awami Action Committee leader Sardar Umar Nazir Kashmiri has charged that the administration is using deceptive methods.

Apart from the flour subsidy, he continues, the administration will not budge on any other demand.

CONVENE MEETINGS, PRESIDENT, PM

All parties involved have been asked by Prime Minister Shehbaz Sharif and President Zardari to use moderation and engage in discussions to find a solution. According to both, the demonstrators in Azad Kashmir should have their legitimate demands met.

The issue in AJK will be the topic of a significant meeting that Prime Minister Shehbaz Sharif is calling today, Monday.

The skirmishes between the demonstrators and the AJK police caused anxiety for the premier on Sunday.

Speaking with Chaudhry Anwarul Haq, the prime minister of AJK, he said he also gave the office-bearers of the All-Pakistan Muslim League-Nawaz in AJK instructions to speak with the leaders of the Awami Action Committee.

Olive Branch is offered by AJK PM.

Prime Minister of Jammu and Kashmir Chaudhry Anwarul Haq stated on Sunday that his administration was ready to lessen the burden of exorbitant grain and energy costs.

Regarding Saturday’s meetings with the demonstrators, Prime Minister Haq declared, “We are determined to implement the agreement we have reached with the Awami Action Committee.”

Politicians, according to Haq, have found solutions to issues through discussion and “we are ready to talk with the Awami Action Committee at any level and the demands related to the government of Pakistan will be raised before the federation.”

In order to ease the burden of rising flour and power prices, he also expressed a willingness to modify the development budget if needed.

The AJK prime minister stated that his government’s first priority was ensuring public safety, and he further stated that no force was applied to the demonstrators.

Sub-inspector Adnan Qureshi was killed in a confrontation with demonstrators in Mirpur, and hundreds of people attended his funeral on Monday.

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Today’s National Assembly session is scheduled.

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The National Assembly (NA) will meet today (Monday) at the invitation of President Asif Ali Zardari.

At 4:00 p.m., the National Assembly will convene in the federal capital at Parliament House. The meeting’s agenda has been released by the assembly secretariat.

As per Article 54(1) of the Constitution of the Islamic Republic of Pakistan, the President has the authority to call a session of the National Assembly.

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