Pakistan Prime Minister Shehbaz Sharif-led coalition government has d🍎ecided to co💜mplete its constitutional tenure till August next year, a media report has said, ending weeks of speculation about early elections as demanded by ousted premier Imran Khan.
The newly-formed government under Sharif's Pakistan M💞uslim League-Nawaz (PML-N) is under pressure due to the economic situation as the US dollar is at a historic high against the Pakistani Rupee.
The cash-starved country is in dire need𓆉 of foreign assistance due to its depleting 💛forex reserves and growing repayments and import financing requirements.
Ousted prime minister and Pakistan Tehreꦏek-e-Insaf (PTI) Chairman Khan has repeatedly demanded snap elections.
The 69-year-old cricke🌠ter-turned-politician was voted out of power on April 10 through a no-confidence motion, becoming the first Pakistan pಞrime minister to be ousted unceremoniously by Parliament.
The decision to complete the term until August 2023 was made during a meeting of the coalition partners chaired by Prime Minister Sharif, where the country's overall political situation was discussed, s🦂ources told Geo News.
The allies of PML-N assured Sharif that they are with the ൲party and would stand with them on every decision. They also advised him to take immediate measures to stabilise the economy, according to the sources.
The part𓃲icipants of the meeting decided that the government wo🌟uld complete its constitutional tenure in a bid to take the country out of the economic turmoil, the report said.
Jamiat Ulema-e-Islam (F) chief Maulana Fazlur Rehman, Pakistan Peoples Party co-chairman Asif Ali Zardari, Muttahida Qaumi Movement (Pakistan)’s Khalid Maqbool Siddiqui and federal ministers♋ Azam Nazeer Tarar, Khawaja Asif and Marriyum Aurangzeb were part of the meeting.
Officials said that the coalition partners advised the economic team to take immediate measures to stabilise the Pakistani rupee. They also recommended finalising an International Monetary Fu🐻nd programme.
The rupee-dollar parity slipped to the loweಞst eꩲver level of Rs 195.65 to a dollar on Thursday amid uncertainty in the market.
Last week, the Asian Development Bank indicated that it wil☂l provide USD 2.5 billion in additional loans to Pakistan, including USD 1.5 billion before the end of this year.
