Skip to main content

General Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the IMFin order to help stabilize Pakistan's shrinking economy.

  The Chief of Army Staff, General Qamar Javed Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the International Monetary Fund in order to help stabilize Pakistan's shrinking economy. Deputy Secretary of State Wendy Sherman, according to security sources, spoke with the army chief earlier this week. It is stated that the army chief made a plea to the White House and Treasury Department to get the IMF to immediately supply the almost $1.2 billion that the country is slated to receive under a reopened loan program. "Staff-level approval" for the loan was granted by the International Monetary Fund (IMF) on July 13. IMF Executive Board clearance is required before the transaction can be completed as part of Pakistan's $6 billion Extended Fund Facility. The International Monetary Fund (IMF) will be on vacation for the next three weeks, and its board will not meet until late August at the earliest. According to an IMF official wh...
Post a Comment

What happened and who will be the next Chief Minister of Punjab?

Today's Punjab CM election between Hamza Shahbaz and Parvez Elahi will affect the future politics of Punjab and Pakistan.


  • Punjab Assembly session for the CM election at 4PM.
  • Deputy Speaker Dost Muhammad Mazari will chair an Important Session.
  • Strict security in and around the Punjab Assembly for the CM Election Session. 
At 4PM, The crucial Punjab Assembly session for the election of the new chief minister will held and chair by Deputy Speaker Dost Muhammad Mazari.
Strict security measures are in place with in and out of the Punjab Assembly to avoid any harm situation.

Last week's stunning victory by the PTI in Punjab by-elections over the seats of dismissed means that both Pakistan Tehreek Insaf (PTI) and Pakistan Muslim League-Noon (PMLN), the two main major parties of Punjab , are currently and politically in a heated race for the Chief Minister-ship, with their respective candidates being Punjab Assembly Speaker Chaudhry Pervez Elahi, a candidate of the PTI, and Hamza Sharif, a candidate of the PDM.

The Number Game in the Punjab Assembly for the CM Election

As a result of the shifting political heat in the province of Punjab, Pervez Elahi is currently the leading contender to succeed Hamza Shahbaz Sharif after by Election of Punjab 2022.

Before the by-polls, PTI and PML-Q had already achieved a combined strength of 173 (163 for PTI and 10 for PML-Q).

With the addition of 15 seats in a recent by-election, the total number of seats now stands at 188, a simple majority of 186 for CM Election. In terms of political standing, the PTI and PML-Q have crossed a significant threshold.

There is a good chance that an independent MPA will join the next government.

The PML-N has 164 members (four new), the PPP has seven, three independents, and a single member of the Pakistan Rah-e-Haq party in its 179-member ruling coalition in the Punjab Assembly.

While the PTI already has a simple majority to win the election of CM Punjab, the PDM claims they can manage the numbers game on television so many times till the PTI wins 15 seats in the Punjab by Election. Let's see at 4 p.m. What happened and who will be the next Chief Minister of Punjab?



Comments

Post a Comment

Popular posts from this blog

Traders Protest against K-Electric (KE) for charging additional RS6,000 Sales tax.

Traders Protest against K-Electric (KE) for charging additional RS6,000 Sales tax. The Federal government has imposed a new sales tax of PKR 6,000 per month on commercial power meters throughout the country as of July 1, 2012. So far only K-Electric has enforced the Finance Bill 2022 decision, sparking anger among the traders in the country's economic and commercial center. Consequently, trade Shopkeepers & all markets have been up in arms against K-Electric for issuing additional sales tax invoices after adding sales tax for the past two days. Atiq Mir, the chairman of the All Karachi Tajir Ittehad , stated that owners of shopkeepers will begin a sit-in in front of the K-Electric headquarters until Rs6,000 was removed from the bill. It is utterly unjustifiable to apply the decision just on Karachi's merchants. Kashif Chaudhry, president of MarkazeAnjuman Tajiran Pakistan, stated, "We strongly protest the implementation of a Rs6,000 sales tax on electricity bills and a...
Post a Comment
Read more

The coalition government's "priority" was to keep Pakistan from going into debt.

The coalition government's "priority" was to keep Pakistan from going into debt. Finance Minister Miftah Ismail said Tuesday that saving Pakistan from default was the coalition government's "priority" after the rupee hit an all-time low against the dollar and equities fell during the day's trading. The Pakistani rupee touched a record low of 224 against the dollar in afternoon interbank trade before finishing at 221.99 — the largest day-on-day decline since June 26, 2019 — while the benchmark KSE-100 index finished at 40,389.07 points, a 20-month high. According to analysts, the market has suffered as a result of the political instability caused by the Punjab by-elections, the International Monetary Fund's (IMF) delay, and the country's dwindling FX reserves. He went on to say that the rupee was always decreasing owing to political insecurity, gambling, and speculation. At the same time, he stressed that the threat of default did not lurk over Pa...
Post a Comment
Read more