Tag: coalition government
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India’s Modi pleads for ‘consensus’ as parliament opens after elections
Indian Prime Minister Narendra Modi appealed to an emboldened opposition for “consensus” Monday, as parliament opened following an election setback that forced him into a coalition government for the first time in a decade. Expected in the first session, which will run until July 3, is a preview of Modi’s plans for his third term and the…
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PPP will not join coalition government, confirms Qamar Zaman Kaira
Pakistan Peoples Party (PPP) senior leader Qamar Zaman Kaira has denied media reports that his party will join a coalition government, terming them “baseless.” Rumors about PPP joining the treasury benches emerged after Pakistan Muslim League-Nawaz (PML-N) leader Ahsan Iqbal’s meetings with Kaira and Chief Minister Balochistan Sarfraz Bugti. Kaira claimed while talking to Geo…
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Govt expected to present Rs13-15 trillion budget for FY23-24 amidst economic uncertainties
The government is anticipated to present a budget ranging from Rs13-15 trillion for the fiscal year 2023-24, according to a budget preview report by Topline Securities. This substantial increase is attributed to the record-high markup cost caused by the soaring interest rates. The proposed budget target of Rs9-9.2 trillion marks a 21 per cent surge…
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Pakistan shares plan with IMF to bridge $3 billion financing gap
The coalition government of Pakistan has revealed its plan to the International Monetary Fund (IMF) for obtaining an additional $3 billion to fill the financing gap as it tries to persuade the lender to release the next loan tranche.
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‘One year in power’: PM Shehbaz talks about challenges and difficulties
On the one-year anniversary of assuming power as the head of the coalition government, Prime Minister (PM) Shehbaz Sharif on Tuesday said that this has been a successful tenure that resulted in Pakistan’s restored credibility and overcoming of the country’s financial and energy challenges. In a series of tweets, the Premier wrote, “Today marks the…
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Relief for workers as Punjab govt raises minimum wage to Rs32,000 per month
The Punjab caretaker government has announced an increase in the minimum salary for unskilled workers from Rs25,000 to Rs32,000 per month, providing some relief to workers during a period of skyrocketing inflation.
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Ishaq Dar denies reports of financial emergency amidst economic turmoil
On Friday, Federal Minister for Finance and Revenue Ishaq Dar denied reports suggesting Pakistan should impose a financial emergency, amidst constant criticism over the current economic turmoil. He berated Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) for spreading “fake news” about Pakistan heading towards default. Dar blamed the previous PTI government for pushing the nation of 220…
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Govt not going anywhere; Shahid Khaqan Abbasi dismisses threat of long march
Former Prime Minister Shahid Khaqan Abbasi has said that the coalition government will not fall as a result of Pakistan Tehreek-e-Insaf (PTI)’s long march. “Imran Khan may launch a long march or do as he wishes, the government will remain as it is,” said Khaqan while speaking at Geo News programme Aaj Shahzeb Khanzada Kay…
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Germany’s centre-left Social Democrats narrowly win against Angela Merkel’s party
Germany’s centre-left Social Democrats narrowly won Sunday’s national election, projected results showed, and claimed a “clear mandate” to lead a government for the first time since 2005 and to end 16 years of conservative-led rule under Angela Merkel, reported BBC. The SPD secured 25.7 per cent of the vote, while the ruling conservative CDU/CSU bloc…