Page 6 - Shehbaz Sharif

Pakistan's benchmark share index trades at record high, breaches 72,000

The index has surged 75.5% over the past year and is up 11.5% year-to-date

Pak PM Shehbaz Sharif set to visit Saudi to advance investment talks

Pakistan's Prime Minister Shehbaz Sharif is expected to visit Saudi Arabia soon, his second trip this month to the friendly Gulf kingdom, to advance investment talks as his cash-strapped government has presented lucrative returns on Saudi investment. According to The Express Tribune, in addition to the enticing prospects of harvesting rich dividends on investment, Pakistan has assured priority in profits to Saudi investors without any hindrances. Sharif's government has presented returns ranging from an appealing 14 per cent to an astounding 50 per cent on Saudi investment, the report said. According to government sources involved in these discussions, the indicated returns on Saudi investment are expected to allow the Kingdom to recoup its invested capital within three to nine years, depending on the nature of the project. Pakistan aims to advance the Saudi Arabia investment initiative during the April 27-28 visit of Sharif, who will be accompanied by a team from the Special ...

Pak PM Shehbaz orders fool-proof security arrangements for Chinese workers

He directed the interior ministry to increase collaboration with the provinces to further improve the provincial anti-terrorism departments

Zardaris supersede Sharifs with most legislators from same family in Pak

The Zardaris have overtaken the Sharifs to hold the record for having the most number of lawmakers from a family in Pakistani politics after President Asif Ali Zardari and slain former premier Benazir Bhutto's youngest daughter Aseefa was elected unopposed as a member of Parliament. Aseefa, who is set to become the First Lady, had filed a nomination for the National Assembly seat NA-207 from the Shaheed Benazirabad (formerly Nawabshah) area of Sindh province for the bye-election scheduled for next month. According to a notification issued by the Returning Office of the area, Aseefa was elected unopposed after three candidates who had filed papers against her withdrew their names from the contest. The three candidates were Abdul Rasool Brohi, Amanullah and Mairaj Ahmed. It left her with no challenger and she was declared a winner in her maiden electoral contest Friday. The seat was vacated by her father, Asif Ali Zardari after he was elected as the president. With her victory, the

Misery for Pak public as petrol price likely to rise by PKR 10 per litre

According to industry officials, the price of petrol is poised to inflate by nearly PKR 10 per litre due to a surge in international crude prices

Former Pak PM Imran Khan demands probe in May 9 violence, Feb 8 polls

Jailed former Pakistan prime minister Imran Khan once again on Wednesday demanded a judicial probe into the May 9 violence and the February 8 elections, urging Supreme Court Chief Justice Qazi Faez Isa to hear the petitions filed by his party on the two issues. Khan, 71, while speaking to journalists after attending a court hearing in the 190 million pound corruption case, said the establishment was using the May 9 violence following his arrest in a corruption case as a pretext to dismantle his Pakistan Tehreek-e-Insaf party. Khan claimed that the plot to dismantle his party was hatched in London by the now-ruling Pakistan Muslim League-Nawaz (PML-N) party and urged Chief Justice Isa to set up a judicial commission to probe the matter, Dawn News reported. Khan's supporters resorted to violence, burning civil and military installations following his arrest by the National Corruption Bureau (NCB) outside the Islamabad High Court premised in a corruption case. The May 9 violence, also

Pakistan needs another IMF bailout, says PM Sharif amid economic woes

Prime Minister Shehbaz Sharif said that the International Monetary Fund (IMF) concluded the review for issuance of the last tranche of USD 1.1 billion which hopefully be received by next month

Will not tolerate any act of cross-border terrorism: Pakistan's PM Sharif

Amidst a spike in terror attacks in Pakistan, Prime Minister Shehbaz Sharif on Wednesday asserted that his government will not tolerate any acts of cross-border terrorism and that his country would like to exist in peace with all its neighbours. Days after what is now known as the Mir Ali attack in the restive northwest Pakistan, Prime Minister Shehbaz Sharif was addressing the first meeting of the apex committee a top official civil-military body tasked to tackle militancy since the new government came to power earlier in the month. Pakistan is facing a renewed threat by militancy. Over the weekend, two Pakistan Army officers and five soldiers were killed in a terror attack at Mir Ali in the troubled northwest of the country. Without naming any country, Sharif asserted that his country would not tolerate any cross-border terrorism from the neighbouring countries under no circumstances. The prime minister said that Pakistan would like to have peace with all neighbours and urged t

Pak govt accuses Imran Khan's party of trying to sabotage deal with IMF

Shahbaz Gill, Imran Khan's former chief of staff, in his speech, said that the IMF's mandate requires it to promote democracy and good governance

India abstains in UNGA on Pakistan's draft resolution on Islamophobia

India abstained in the UN General Assembly on a draft resolution introduced by Pakistan and co-sponsored by China on Islamophobia, asserting that the prevalence of religiophobia against Hinduism, Buddhism, Sikhism and other faiths facing violence and discrimination must also be acknowledged rather than singling out just one religion. The 193-member General Assembly adopted the resolution Measures to combat Islamophobia', introduced by Pakistan on Friday, with 115 nations voting in favour, none against and 44 abstentions, including India, Brazil, France, Germany, Italy, Ukraine and the UK. India's Permanent Representative to the UN Ambassador Ruchira Kamboj voiced condemnation of all acts motivated by anti-Semitism, Christianophobia and Islamophobia but asserted that it is crucial to acknowledge that such phobias extend beyond Abrahamic religions. Clear evidence shows that over decades, followers of non-Abrahamic religions have also been affected by religiophobia. This has led to the

Perform or perish: Pakistan PM Shehbaz tells new cabinet members

Pakistan Prime Minister Shehbaz Sharif on Monday said a deep surgery is required to pull the cash-strapped country out of the economic crisis and urged his Cabinet members to either perform or perish. The prime minister inducted 19 members into his Cabinet earlier in the day, ending the tenuous wait for the completion of government formation in the country. Addressing the maiden cabinet meeting, Shehbaz said Pakistan is facing massive challenges and a deep surgery is required to pull the country out of the economic crisis. Taking stock of the issues and problems affecting the economy and the country, the prime minister asked his Cabinet members to perform or perish, saying that the time is now or never. Shehbaz said the government should take difficult decisions and that too without wasting any time. Deep surgery is needed as antibiotics will not work, he said. Shehbaz said bringing inflation under control is the biggest challenge, however, the government together with the provinc

Pakistan PM Sharif picks Ex-JPMorgan banker Aurangzeb as finance minister

Aurangzeb was chosen over other possible candidates, including longtime Sharif ally Ishaq Dar and ex-central bank governor Shamshad Akhtar

Pak Prez administers oath to 19-member Cabinet recommended by PM Sharif

Pakistan President Asif Ali Zardari on Monday administered the oath to 19 members of the Cabinet of the newly elected Prime Minister Shehbaz Sharif, ending the tenuous wait for the completion of government formation. The oath-taking ceremony was held in the President's House and was attended by Prime Minister Sharif among others. Those who took oath included Ishaq Dar, Khawaja Asif, Ahsan Iqbal, Muhammad Aurangzeb, Azam Tarar, Rana Tanvir, Mohsin Naqvi, Ahad Cheema, Khalid Maqbool Siddiqui, Riaz Prizada, Qaiser Sheikh, Shaza Fatima, Aleem Khan, Jam Kamal, Amir Muqam, Awais Leghari, Atta Tarar, Salik Hussian and Musaddiq Malik. The portfolio of the new minister will be announced later. Aurangzeb will likely be the finance minister, Dar as the foreign minister, and Khawaja Asif the defence minister. Azam Tarar will be the law minister, Atta Tarar as information minister, Musaddik Malik as petroleum minister, Mohsin Naqvi as interior minister and Ahad Cheema as minister for Kashmir ..

Pak PM Sharif recommends 19 member list to Prez Zardari for his new cabinet

Pakistan's newly elected Prime Minister Shehbaz Sharif has recommended 19 names to President Asif Ali Zardari to be inducted into the federal cabinet, and if approved the ministers would take oath on Monday, according to media reports. The 19 names, which were sent to newly elected President Zardari as part of a letter, include 12 Members of the National Assembly and 3 senators as federal ministers among others and came a day after Prime Minister Sharif held a marathon meeting, which continued late into the night, to finalise the names, the Dawn newspaper reported. Pakistan Muslim League President Shehbaz Sharif was sworn in as the 24th Prime Minister of Pakistan on February 4. "Prime Minister Shehbaz Sharif has suggested newly elected President Asif Ali Zardari to appoint a 19-member cabinet. According to a letter written by the premier to Zardari, the cabinet includes 12 MNAs and 3 senators as federal ministers, as well as Shaza Fatima Khawaja as a minister of state," the report .

Shehbaz Sharif sworn in as Pakistan's prime minister for second time

Shehbaz Sharif was on Monday sworn in as Pakistan's 24th Prime Minister, taking over the reins of the cash-strapped country for a second time since 2022, amidst staggering economic and security challenges. President Arif Alvi administered the oath to the 72-year-old Shehbaz in a ceremony held at the Aiwan-i-Sadr, the presidential residence. The oath-taking ceremony comes days after the Pakistan Muslim League-Nawaz and the Pakistan Peoples Party agreed on a power-sharing deal to form a coalition government. Shehbaz earlier served as prime minister of a coalition government from April 2022 to August 2023 before Parliament was dissolved to hold general elections last month. The ceremony was attended by former Prime Minister Nawaz Sharif, Punjab Chief Minister Maryam Nawaz and other PML-N workers. PPP leader and Sindh chief minister Murad Ali Shah was also present on the occasion. On Sunday, Shehbaz comfortably won a majority in the newly-elected Parliament amidst sloganeering by the

Pakistan's PM-elect Shehbaz Sharif to take oath of office on Monday

Prime Minister-elect Shehbaz Sharif will take the oath of office for the second time on Monday, days after his Pakistan Muslim League-Nawaz and the Pakistan Peoples Party agreed on a power-sharing deal to form a coalition government. Shehbaz, 72, earlier served as prime minister of a coalition government from April 2022 to August 2023 before Parliament was dissolved to hold general elections last month. President Arif Alvi will administer oath to Shehbaz in a ceremony at the President's House at 3 pm on Monday, sources said. They said that Army Chief Gen Asim Munir, caretaker Prime Minister Anwarul Haq Kakar, Chief Ministers and governors of all provinces will attend in the ceremony. On Sunday, Shehbaz comfortably won a majority in the newly-elected Parliament amidst sloganeering by the Opposition. Shehbaz, the consensus candidate of the PML-N and the PPP, received 201 votes in the 336-member Parliament.

PM Shehbaz Sharif vows to revive Pakistan economy; to secure G20 membership

Pakistan's newly-elected Prime Minister Shehbaz Sharif on Sunday vowed to do a "deep surgery" and bring changes in the system to bring the cash-strapped country out of the alarming debt crisis and secure G20 membership by 2030. Shehbaz, who was the consensus candidate of the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP), became the Prime Minister on Sunday for a second time after receiving 201 votes in the 336-member Parliament.

Shehbaz set to return as Pak's PM after old-guard parties form coalition

Sharif was prime minister until parliament was dissolved in August in the leadup to elections, and he handed power to a caretaker government

PML-N leader Shehbaz Sharif set to become Pakistan's PM for second time

Top PML-N leader Shehbaz Sharif is set to become the 33rd prime minister of Pakistan on Sunday, once again leading a coalition government, amidst allegations of rigging of polls and facing staggering economic and security challenges. Shehbaz, who is the joint candidate of Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP), has already submitted his nomination.

Pakistan's Election Commission to hold presidential poll by March 9: Report

A senior Pakistan Peoples Party office-bearer said, 'The president will be elected by the present senators after setting up all four provincial assemblies,'