Connect with us

Latest News

Shahbaz Sharif, Qureshi’s nomination papers for PM’s election accepted by NA

Published

on

  • Joint Opposition’s candidate Shahbaz Sharif files nomination papers for PM’s election. 
  • PTI’s Shah Mahmood Qureshi is also contesting election for Prime Minister’s office.    
  • Shahbaz Sharif says cases against Nawaz Sharif will be perused according to law.  

ISLAMABAD: Joint Opposition’s candidate and PML-N President Shahbaz Sharif and PTI’s Shah Mahmood Qureshi’s nomination papers to contest the re-election for the slot of the prime minister have been accepted by the National Assembly of Pakistan.

Taking to Twitter, the NA announced that the nomination papers of both candidates were scrutinised, after which they were accepted. 

The prime minister’s slot fell vacant after Imran Khan was ousted through a no-confidence vote after the National Assembly (NA) debated on the matter for more than 12 hours and the political situation in the country took a critical turn.

The NA session to elect the new leader of the House will convene at 2pm tomorrow (Monday).

Shahbaz Sharif, accompanied by Shahid Khaqan Abbasi, Syed Naveed Qamar, Khurshid Ahmed Shah, Mohsin Dawar and others, submitted his nomination papers to the NA secretariat. He is the joint Opposition’s candidate for Prime Minister.

National harmony top priority: Shehbaz Sharif

Talking to journalists after submitting his nomination papers, Shahbaz Sharif said that national harmony will be his top priority. “People will be provided relief after boosting the economy,” he added.

The PML-N leader said that he will form a new cabinet after consultation with Opposition leaders. He said they will kick off a new era and will promote a culture of mutual respect in the country.

Talking about foreign policy, Shahbaz said that they wanted peace with India but it is not possible without the resolution of the Kashmir issue.

Responding to a question about cases against PML-N supremo Nawaz Sharif, he said that the cases will be perused according to the law.

Business

Moody’s says the IMF programme will increase Pakistan’s foreign financing.

Published

on

By

Moody’s, a reputable international rating agency, has stated that Pakistan’s chances of acquiring funding will increase as a result of the recent agreement with the International Monetary Fund (IMF), which offers dependable sources for that purpose from both friendly countries and international financial institutions.

According to a recent Moody’s analysis on Pakistan’s economy, social unrest and tensions could result from Pakistan’s ongoing inflation. The country’s economic reforms may be hampered by increased taxes and potential changes to the energy tariff, it continued.

Moody’s, on the other hand, agrees that the coalition government headed by Shehbaz Sharif of the PML-N is in danger of failing to secure an election mandate, which may potentially undermine the successful and long-lasting execution of economic reforms.

The government’s capacity to proceed with economic changes may be hampered by societal unrest and poor governance, according to Moody’s.

In order to appease the IMF by fulfilling a prerequisite for authorising a rescue package, the government raised the basic tariff on electricity, which coincided with the most recent increase in fuel prices announced on Monday. This report was released by Moody’s.

Food costs have increased in the nation, where the vast majority is experiencing an unprecedented crisis due to the high cost of living, following the government’s earlier presentation of a budget that included a large increase in income tax for the salaried classes and the implementation of GST on commodities like milk.

The most recent comments were made following Islamabad’s achievement of a staff-level agreement for a $7 billion contract that spans 37 months and is contingent upon final approval by the IMF Executive Board.

It states that Pakistan will need foreign financing totaling about $21 billion in 2024–2025 and $23 billion in 2025–2026, meaning that the country’s present $9.4 billion in reserves won’t be sufficient to cover its needs.

Therefore, according to Moody’s, Pakistan is in an alarming position with regard to its external debt, and the next three to five years will be extremely difficult for the formulation and implementation of policies.

Continue Reading

Latest News

Accepting provisional respite: Sanam Javed and family relocated to KP House

Published

on

By

Sanam Javed, the leader of the Pakistan Tehreek-e-Insaf (PTI), and her family have moved into KP Home, an Islamabad guest home.

As a result of the Islamabad High Court’s order to postpone her arrest until Thursday, Sanam Javeed is currently free.

Records of cases filed against her have also been sought by the court.

As instructed by Chief Minister Ali Amin Gandapur of KPK, the PTI leader and her family were received at the KP House. The CM communicated with Ms. Javeed’s father and husband.

Continue Reading

Latest News

Adiala Jail is visited by a NAB team to question Khan and Bushra Bibi.

Published

on

By

As per a recent Toshakhana reference, a team from the National Accountability Bureau (NAB) has reached Adiala Jail with the intention of probing PTI founder Imran Khan and his spouse PTI Bibi.

The NAB team questioning Khan and Bushra Bibi is led by deputy director Mohsin Haroon, according to jail sources.

Regarding the latest corruption reference, the pair is behind bars. Today is the third day that the NAB team has been looking into them.

They answered questions from the NAB team for more than three hours on Monday.

After the fresh reference, Khan and Bushra Bibi were placed under physical remand for eight days by Judge Muhammad Ali Warraich of the Accountability Court.

See Also: Imran Khan and Bushra Bibi are detained in NAB prison for eight days in connection with the Toshakhana case

The release of Khan and Bushra Bibi in the Iddat case was earlier ordered by District and Sessions Judge Afzal Majoka, who also postponed their sentences.

Continue Reading

Trending