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Shehbaz Sharif takes oath as prime minister of Pakistan

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  • Senate Chairman Sadiq Sanjarani administers the oath to Shehbaz Sharif.
  • Shehbaz was elected as the premier after the ouster of PTI Chairman Imran Khan.
  •  President Alvi missed the ceremony after he complained of “discomfort”.

ISLAMABAD: Shehbaz Sharif took oath on Monday as the 23rd prime minister of Pakistan.

He was administered the oath by Senate Chairman Sadiq Sanjarani as President Arif Alvi complained of “discomfort”, according to the president’s Twitter account, hours before the oath-taking ceremony.

Shehbaz was elected as the premier after the ouster of PTI Chairman Imran Khan through a no-confidence motion. 

Earlier in the day, Shehbaz secured 174 votes in the NA as opposed to PTI’s candidate Shah Mahmood Qureshi, who received no votes after his party decided to boycott the polling process.

The poll took place under the chairmanship of MNA Ayaz Sadiq, two days after the lower house of Parliament voted in favour of removing Imran Khan from office, following a nearly 14-hour standoff between the Opposition and Khan’s ruling party that started on Saturday morning.

Shehbaz’s profile

Shehbaz is the longest-serving chief minister of the Punjab province, having served on the post three times since he began his political career nearly four decades ago.

Sharif is the son of Mian Muhammad Sharif, a well-known businessman, and the younger brother of Nawaz Sharif, the former prime minister of Pakistan.

Shehbaz is a graduate of the Government College in Lahore. He first came into the spotlight in 1985, when he was appointed the president of the Lahore Chamber of Commerce and Industry.

But his foray into politics began in 1988 when Sharif was elected as a member of the Punjab assembly (MPA). He served for a short stint, till 1990 when the assembly was dissolved.

The same year, he contested and won a national assembly constituency and became a member of the lower house of Pakistan’s parliament. In 1993, he again returned to the Punjab assembly and was appointed leader of the opposition till 1996.

Then in 1997, Sharif won a Punjab constituency for the third time and went on to become the chief minister of Punjab, Pakistan’s most politically important province. However, after the military overthrew the PML-N government, Sharif was imprisoned and later sent into exile for eight years.

Returning in 2008, Sharif was again elected as a member of the Punjab assembly and then became chief minister for a second term. This time he served his full term as chief minister.

After the general polls in 2013, Sharif returned as chief minister of his home province. While in the 2018 polls, he decided to retain his national assembly seat and was nominated as the leader of the Opposition.

In 2019, Shehbaz Sharif declared his net wealth to be Rs100,725,909 to the Election Commission of Pakistan (ECP), including investments in Hudabiya Engineering, Hamza Spinning Mills and Hudabiya Paper Mills as well as agricultural properties in Sheikhupura and Lahore.  

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According to Defense Minister Khawaja Muhammad Asif, accusations made against Pakistan by Bushra Bibi, the spouse of the PTI founder, are vile and disgusting because Pakistan has historical relations to the Kingdom of Saudi Arabia.

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The defense minister stated at a press conference in Islamabad that the Kingdom should not be involved in politics for selfish reasons because of our historical, religious, and economic ties with Saudi Arabia.

2.8 million Pakistanis work in Saudi Arabia and send millions of dollars in remittances, he added, adding that making unfounded accusations against the country will hurt Pakistan’s economy.

According to him, Saudi Arabia has always stood by Pakistan throughout its most trying moments, and Pakistanis have a deep affection and connection to the Kingdom.

There is a breach among PTI ranks and files, and Khawaja Asif stated that we have never witnessed such a low point in politics.

Given the gravity of the accusation, the Minister said, former Army Chief Gen. Qamar Javed Bajwa should respond right away.

The Khyber Pakhtunkhwa government should fight terrorism rather than target the city, he said, adding that the PTI’s demand for a demonstration on November 24 is the third strike on the federal capital.

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

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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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