Sunday, April 10th, 2022
PTI members of National Assembly to resign, tweets Fawad Choudhry
ISLAMABAD, APR 10: “The PTI has decided to resign from the assemblies, this process will start from the National Assembly after the election of the Prime Minister tomorrow,” he tweeted. The Pakistan Tehreek-e-Insaf (PTI) on Sunday decided to submit en masse resignations in the National Assembly, a day after party chief Imran Khan lost a vote of confidence and was ousted as the prime minister of the country, senior leader Fawad Choudhry announced. “The PTI has decided to resign from the assemblies, this process will start from the National AssemblyRead More
Shehbaz Sharif, Shah Mahmood Qureshi submit nomination papers for PM slot
DNA ISLAMABAD, President Pakistan Muslim League-Nawaz (PML-N)Shehbaz Sharif has submitted his nomination papers for the slot of PrimeMinister in the National Assembly. Shah Mahmood Qureshi from Pakistan Tehreek e Insaf has also submittedhis nomination papers. It is pertinent to mention that election for the office of primeminister will be held on Monday with Shehbaz Sharif as thehot favourite as former ruling party PTI has pitched Shah MehmoodQureshi as its candidate for the prime ministership. The nomination papers for the election of the new leader of the housewere submitted to the NationalRead More
France votes with Macron seeking new term in tight election
Paris, French President Emmanuel Macron faced a tough test Sunday seeking re-election in a vote projected to produce a tight run-off with far-right leader Marine Le Pen. Polls opened in mainland France at 0600 GMT after an unusual campaign overshadowed by Russia’s invasion of Ukraine that analysts warned could lead to unpredictable outcomes with turnout a major factor. French overseas territories already voted Saturday to take account of the time difference, starting with the tiny island of Saint Pierre and Miquelon off the coast of Canada and then territoriesRead More
Kashif Anwar says weaknesses in private capital inflows continue to persist
ISLAMABAD: The Friends of Economic and Business Reforms (FEBR) President Kashif Anwar on Sunday said that with weaknesses in private capital inflows continue to persist, the Central Bank should cut policy rates to spur growth, as cut would infuse confidence in the business community and propel economy which was hostage to the past policy of austerity. Kashif Anwar flayed the State Bank of Pakistan for jacking the key interest rate by 250 basis points to 12.25% on the excuse of dealing with emerging inflationary pressure, adopting a wrong way ofRead More
Anjum Nisar asks SBP to follow region to maintain markup to stimulate growth
ISLAMABAD, APR 10 /DNA/ – The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel on Sunday rejected the central bank’s decision of jacking up key policy rate by 250 basis points to 12.25%, stating that Pakistan’s interest rate was already very high in view of the regional countries markup rates. BMP Chairman and FPCCI former president Mian Anjum Nisar asked the SBP to follow regional countries, who have maintained their key policy rate at average 6.5% to attract investment and stimulate the economy. These countries can manage surgingRead More
Political crises: what next after Imran Khan
Shamim Shahid PESHAWAR: After ousting Imran Khan, a number of different opposition parties are going to establish a coalition government with PML Mian Shahbaz Sharif as Prime Minister. However, former President and PPP co-chairman Asif Ali Zaddari will be the main person in formulating strategies, policies and targets of the coalition government. No doubt almost opposition parties are also in favour of early elections but Asif Ali Zardari and several others within the opposition are also having the same ideas. Likewise outgoing Prime Minister Imran Khan along with aides alsoRead More