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Election Unlikely In Pakistan Soon Shehbaz Sharif Government Decides To Complete Term By August 2023

Pakistan: Pakistan Prime Minister Shahbaz Sharif-led coalition government has decided...

Pakistan: Pakistan Prime Minister Shahbaz Sharif-led coalition government has decided to complete its constitutional term by August next year. A media report has claimed. The newly formed government under Sharif’s Pakistan Muslim League-Nawaz (PML-N) is under pressure due to economic conditions as the US dollar is at a historic high against the Pakistani rupee. The country, which is short of cash due to dwindling foreign exchange reserves, increasing repayments, is in dire need of foreign aid.

The 69-year-old cricketer-turned-politician was ousted from power on 10 April via a motion of no confidence. He became the first PM of Pakistan to be voted out of power through a no-confidence motion. Imran has been demanding early elections since then. PML-N leader Shahbaz Sharif (70) assumed the post of Prime Minister on 11 April. The term of the present house will end in August 2023.

Decision taken in meeting with coalition partners
Sources told Geo News that the decision to complete the term by August 2023 was taken during a meeting of coalition partners chaired by Prime Minister Sharif. The overall political situation of the country was discussed in the meeting. Jamiat Ulema-e-Islam (F) chief Maulana Fazlur Rehman, Pakistan Peoples Party co-chairman Asif Ali Zardari, Muttahida Qaumi Movement (Pakistan) Khalid Maqbool Siddiqui and federal ministers Azam Nazir Tarar, Khwaja Asif and Maryam Aurangzeb attended the meeting. were part.

Assurance of allies to Sharif will stand with him in every situation
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.

Officials said the coalition partners advised the economic team to take immediate steps 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 as additional loans to Pakistan, including USD 1.5 billion, before the end of this year.

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