Islamabad: Pakistan Prime Minister Shahbaz Sharif-led coalition government has decided to complete its constitutional term by August next year, a media report said, ending speculation about early elections as demanded by ousted Prime Minister Imran KHAN,
under the newly formed government GentryThe Pakistan Muslim League-Nawaz (PML-N) is under pressure due to the economic situation as the US dollar is at a historic high against the Pakistani rupee.
The cash-strapped country is in dire need of foreign aid due to its dwindling foreign exchange reserves and rising repayment and import financing requirements.
Khan, the deposed prime minister and chairman of the Pakistan Tehreek-e-Insaf (PTI), has repeatedly called for mid-term elections.
The 69-year-old cricketer-turned-politician was voted out of power via a no-confidence motion on 10 April, becoming the first prime minister of Pakistan to be evicted without any formalities. Parliament,
Sources told Geo News that the decision to complete the term till August 2023 was taken during a meeting of coalition partners chaired by Prime Minister Sharif, where the overall political situation in the country was discussed.
Allies of the PML-N assured Sharif that they were with the party and would stand by him on every decision. According to sources, he also advised to take immediate measures to stabilize the economy.
The report said that the participants of the meeting decided that the government would complete its constitutional term to bring the country out of the economic turmoil.
Jamiat Ulema-e-Islam (F) chief Maulana Fazlur Rehman, Asif Ali Zardari, Co-Chairman of the Pakistan People’s Party, Khalid Maqbool Siddiqui of the Muttahida Quami Movement (Pakistan) and Federal Minister Azam Nazir TarariKhwaja Asif and Maryam Aurangzeb was part of the meeting.
Officials said the coalition partners advised the economic team to take immediate measures to stabilize the Pakistani rupee. He also recommended the finalization of an International Monetary Fund programme.
Amid uncertainty in the market, the rupee-dollar parity declined to a low of Rs 195.65 per dollar on Thursday.
Last week, the Asian Development Bank indicated that it would provide USD 2.5 billion in additional loans, including USD 1.5 billion, to Pakistan before the end of this year.
under the newly formed government GentryThe Pakistan Muslim League-Nawaz (PML-N) is under pressure due to the economic situation as the US dollar is at a historic high against the Pakistani rupee.
The cash-strapped country is in dire need of foreign aid due to its dwindling foreign exchange reserves and rising repayment and import financing requirements.
Khan, the deposed prime minister and chairman of the Pakistan Tehreek-e-Insaf (PTI), has repeatedly called for mid-term elections.
The 69-year-old cricketer-turned-politician was voted out of power via a no-confidence motion on 10 April, becoming the first prime minister of Pakistan to be evicted without any formalities. Parliament,
Sources told Geo News that the decision to complete the term till August 2023 was taken during a meeting of coalition partners chaired by Prime Minister Sharif, where the overall political situation in the country was discussed.
Allies of the PML-N assured Sharif that they were with the party and would stand by him on every decision. According to sources, he also advised to take immediate measures to stabilize the economy.
The report said that the participants of the meeting decided that the government would complete its constitutional term to bring the country out of the economic turmoil.
Jamiat Ulema-e-Islam (F) chief Maulana Fazlur Rehman, Asif Ali Zardari, Co-Chairman of the Pakistan People’s Party, Khalid Maqbool Siddiqui of the Muttahida Quami Movement (Pakistan) and Federal Minister Azam Nazir TarariKhwaja Asif and Maryam Aurangzeb was part of the meeting.
Officials said the coalition partners advised the economic team to take immediate measures to stabilize the Pakistani rupee. He also recommended the finalization of an International Monetary Fund programme.
Amid uncertainty in the market, the rupee-dollar parity declined to a low of Rs 195.65 per dollar on Thursday.
Last week, the Asian Development Bank indicated that it would provide USD 2.5 billion in additional loans, including USD 1.5 billion, to Pakistan before the end of this year.