Amid yawning current account deficit (CAD) — the difference between inflow and outflow of foreign currency, Pakistan received lower remittances in May. This will lead to fresh concerns for Pakistan Prime Minister Shehbaz Sharif and his team as Islamabad has urgently sought a bailout package from the International Monetary Fund (IMF). The IMF has already … Read more
The new government in Pakistan, headed by Prime Minister Shehbaz Sharif, faces major challenges — economically, politically and socially. Handling the economy is possibly the biggest challenge, compounded by the fact that the new government has a very short term — a maximum till August 2023 till the next general elections, or a shorter term … Read more
Russian President Vladimir Putin and Pakistan‘s new Prime Minister Shehbaz Sharif have quietly exchanged letters expressing desire to strengthen cooperation between the two countries, a media report said on Sunday. The letters were exchanged after the election of Shehbaz as prime minister early this month but both the sides kept development away from the media … Read more
Imran Khan on Tuesday called for early general elections in Pakistan and emphasised that no army or foreign country could safeguard democracy in the country. In a video message posted on his Pakistan Tehreek-e-Insaf party’s official Twitter handle, days after he lost a no-trust vote in Parliament, the former prime minister said that only the … Read more
Chinese official media on Sunday sounded upbeat about the prospects of Shehbaz Sharif becoming the new prime minister following the ouster of Imran Khan, saying all-weather ties between China and Pakistan “could be better than under Khan”. A new Pakistan government will be formed most likely under Shehbaz, the younger brother of three-time former prime … Read more
Pakistan Muslim League-Nawaz (PML-N) president Shehbaz Sharif on Sunday nominated himself for the post of prime minister after the unceremonious ouster of Imran Khan, who has called on his supporters to join him on the street in protest against what he called the “imported government.” The process of electing the new leader of the house … Read more
Pakistan Prime Minister Imran Khan was ousted from office in a no-confidence vote in parliament in the early hours of Sunday after three years and seven months in power. A new government will be formed most likely under opposition leader Shehbaz Sharif, after parliament reconvenes on Monday to vote for a new prime minister. The … Read more