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Early elections will push country into default: Shahid Khaqan

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2 years ago

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  • Shahid Khaqan Abbasi says everybody needs to give priority to the national interest.
  • Says past four years of the country were wasted due to poor governance.
  • Says government will be producing up to 29,000 MW till June 29. 

PML-N senior leader Shahid Khaqan Abbasi ruled out the possibility of early elections in the country, saying due to the current economic turmoil, the country will move towards default, Geo News reported.

Speaking on Geo News programme Aaj Shahzeb Khanzada Kay Saath, Shahid Khaqan Abbasi said, “Early elections are not the solution to the country’s problems. It will default if handed over to the interim government for three months.”

The former premier said that the government knew the political cost of its decisions, but as he had mentioned earlier, “everybody would have to give priority to the national interest.”

“We will gain nothing by playing politics. If the country moves towards default, which government will steer the country out of this crisis?” he asked, “At least there is a government who is dealing with the situation, and we will go to the masses before elections after solving issues,” he added.

The former PM, shedding light on the current economic state of the country, went on to remark that when we came to office, the country’s economic condition was worse than we had anticipated because the past four years of the country were wasted due to poor governance.

Regarding the situation of load shedding in the country, he stated, “Plans are now being made to procure coal, LNG, and oil, while the former government made no such arrangements.”

“As of today, we produce 21,000 megawatts (MW) of power; by June 29, this will increase to 29,000 MW, and load shedding will be reduced to less than two hours,” he continued.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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23 hours ago

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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23 hours ago

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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23 hours ago

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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