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Early elections will push country into default: Shahid Khaqan

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3 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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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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5 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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5 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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5 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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