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PM Shehbaz Sharif’s long-awaited 34-member cabinet takes oath today

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  • First phase of long-awaited induction of 34-member cabinet today.
  • 30 federal ministers, along with three advisers and four ministers of state make up PM Shehbaz Sharif’s cabinet.
  • PPP chairman Bilawal Bhutto’s name not included in list issued by Cabinet Division.

Prime Minister Shehbaz Sharif’s 34-member cabinet will finally take oath today (Tuesday) after the cabinet division issued a list of federal ministers, ministers of state and adviser included in the first phase of the induction last night. 

The list had the names of 30 federal ministers, four ministers of state and three advisers to the Prime Minister.

A day earlier, the federal cabinet had to take oath, but President Arif Alvi excused himself from administrating oaths to the federal cabinet members, leaving the government with no choice but to postpone it.

According to sources, in the absence of President Alvi, Senate Chairman Sadiq Sanjarani will likely administer the oath to the members of the federal cabinet today.

There was uncertainty among the parties of the ruling alliance on becoming a part of the federal cabinet as PPP co-chairman Asif Zardari had said that his party would not take ministries.

However, later, in a brief press talk at Parliament House on Saturday, Asif Zardari said that they want their friends to be accommodated first, The News reported. 

Meanwhile, speaking on Geo News programme ‘Aaj Shahzeb Khanzada Kay Saath’, a PML-N leader confirmed the federal cabinet would be taking oath today and PPP Chairman Bilawal Bhutto-Zardari would become the next foreign minister, but as per the list issued by the cabinet division, Bilawal Bhutto’s name is not included.

According to the list issued by the cabinet division late night, 30 federal ministers, along with four advisers and four ministers of state will make up PM Shehbaz Sharif’s cabinet.

As per the Cabinet Division, the PML-N, which leads the National Assembly with a majority among the ruling alliance, will have 12 federal ministers, two ministers of state, and two advisers.

The PPP will have nine federal ministers, two ministers of state, and one adviser to the PM.

Four ministers will be from JUIF, two from MQM-Pakistan, and one each from JWP, BAP, and PML-Q.

A list of the federal ministers:

PML-N

Khawaja Muhammad Asif, MNA

Ahsan Iqbal Chaudhary, MNA

Rana Sana Ullah Khan, MNA

Sardar Ayaz Sadiq, MNA

Rana Tanveer Hussain. MNA

Khurrum Dastagir Khan, MNA

Marriyum Aurangzeb, MNA

Khawaja Saad Rafique, MNA

Mian Javed Latif, MNA

Mian Riaz Hussain Pirzada. MNA

Murtaza Javed Abbasi, MNA

Azam Nazeer Tarar, Senator

PPP

Syed Khursheed Ahmed Shah, MNA

Syed Naveed Qamar, MNA

Sherry Rehman, Senator

Abdul Qadir Patel, MNA

Shazia Marri, MNA

Syed Murtaza Mahmud, MNA

Sajid Hussain Turi, MNA

Ehsan ur Rehman Mazari, MNA

Abid Hussain Bhayo, MNA

MMA

Asad Mahmood, MNA

Abdul Wasay, MNA

Mufti Abdul Shakoor, MNA

Muhammad Talha Mahmood, Senator

MQM-P

Syed Amin-ul-Haque, MNA

Syed Faisal Ali Subzwari, Senator

BAP

Muhammad Israr Tareen, MNA

JWP

Nawabzada Shazain Bugti, MNA

PML-Q

Chaudhary Tariq Bashir Cheema, MNA

Ministers of state

PML-N

Dr. Aisha Ghaus Pasha, MNA

Abdul Rehman Khan Kanju, MNA

PPP

Hina Rabbani Khar, MNA

Mustafa Nawaz Khokhar, Senator

Advisers to the PM

PML-N

Miftah Ismail

Amir Muqam 

PPP

Qamar Zaman Kaira

According to The News , PML-N supremo Nawaz Sharif contacted former Prime Minister Shahid Khaqan Abbasi and asked him to hold the portfolio of minister for petroleum to steer the country out of the crisis, citing sources.

Sources further said the ruling coalition had not yet decided to remove President Arif Alvi because it would need comprehensive support in the national and provincial assemblies. The ruling parties would decide the name of the next president at an appropriate time.

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

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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.

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Business

Significant surge in the price of gold in Pakistan

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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.

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

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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.

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