AIRLINK 191.84 Decreased By ▼ -1.66 (-0.86%)
BOP 9.87 Increased By ▲ 0.23 (2.39%)
CNERGY 7.67 Increased By ▲ 0.14 (1.86%)
FCCL 37.86 Increased By ▲ 0.16 (0.42%)
FFL 15.76 Increased By ▲ 0.16 (1.03%)
FLYNG 25.31 Decreased By ▼ -0.28 (-1.09%)
HUBC 130.17 Increased By ▲ 3.10 (2.44%)
HUMNL 13.59 Increased By ▲ 0.09 (0.67%)
KEL 4.67 Increased By ▲ 0.09 (1.97%)
KOSM 6.21 Increased By ▲ 0.11 (1.8%)
MLCF 44.29 Increased By ▲ 0.33 (0.75%)
OGDC 206.87 Increased By ▲ 3.63 (1.79%)
PACE 6.56 Increased By ▲ 0.16 (2.5%)
PAEL 40.55 Decreased By ▼ -0.43 (-1.05%)
PIAHCLA 17.59 Increased By ▲ 0.10 (0.57%)
PIBTL 8.07 Increased By ▲ 0.41 (5.35%)
POWER 9.24 Increased By ▲ 0.16 (1.76%)
PPL 178.56 Increased By ▲ 4.31 (2.47%)
PRL 39.08 Increased By ▲ 1.01 (2.65%)
PTC 24.14 Increased By ▲ 0.07 (0.29%)
SEARL 107.85 Increased By ▲ 0.61 (0.57%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 39.11 Increased By ▲ 2.71 (7.45%)
SYM 19.12 Increased By ▲ 0.08 (0.42%)
TELE 8.60 Increased By ▲ 0.36 (4.37%)
TPLP 12.37 Increased By ▲ 0.59 (5.01%)
TRG 66.01 Increased By ▲ 1.13 (1.74%)
WAVESAPP 12.78 Increased By ▲ 1.15 (9.89%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.95 Increased By ▲ 0.10 (2.6%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)
Pakistan

Geneva pledges will help rupee appreciate against dollar: Rana Sanaullah

  • Interior minister says international community's commitments will also help reduce inflation in Pakistan
Published January 10, 2023

Interior Minister Rana Sanaullah said on Tuesday that financial pledges secured by the government of Pakistan at the ‘International Conference on Climate Resilient Pakistan’ in Geneva will help rupee recover against the US dollar, reduce inflation and restore the confidence of the public.

Addressing a press conference, he said that the commitments made by foreign countries for Pakistan will reduce the popularity of the opposition as well.

In the Geneva conference on Monday, Pakistan secured pledges of over $10 billion for flood rehabilitation and reconstruction.

EU pledged $93 million, Germany $88 million, China $100 million, IDB $4.2 billion, World Bank $2 billion, Japan $77 million, ADB $1.5 billion, USAID $100 million, France $345 million.

Moreover, Saudi Arabia committed $1 billion and Asian Infrastructure Investment Bank pledged $1 billion as well.

Rana Sanaullah expected the Pakistan Muslim League-Nawaz (PML-N) and its allies to also win the general elections and cited that the “foundation stone to this victory was placed on Monday.”

Speaking about the vote of confidence against Punjab Chief Minister Pervaiz Elahi, he said, “They don’t have the numbers required to win the vote of confidence and they have banned my entry into the Punjab Assembly which is completely unconstitutional.”

“We are parliamentarians and we can come and go in the assembly,” he said.

Later during the day, PML-N lawmakers stormed the Punjab Assembly and clashed with the police as the controversy around a vote of confidence for Chief Minister Pervaiz Elahi continued, reported Aaj News.

Establishment doesn’t appear to be neutral in Elahi’s vote of confidence: Imran Khan

The doors of the assembly were closed and security guards remained on high alert after there was a ruckus on Monday during which the opposition challenged the provincial chief minister to prove that he has the requisite numbers to win a vote of confidence.

On Monday, former finance minister and PTI leader Asad Umar said that the party had the required numbers for Chief Minister Parvez Elahi’s vote of confidence, Aaj News reported.

“You all witnessed that the government proved its strength in today’s session of the Punjab Assembly. We will not require the opposition’s votes to prove our majority in the house,” Asad Umar said while speaking to media outside the provincial assembly.

His comments came amid reports that the PTI and the PML-Q had decided against holding the vote of confidence in Monday’s session, backtracking their earlier claims.

Comments

Comments are closed.