AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

ISLAMABAD: Pakistan’s two major parties are set to meet on Monday to try and bridge differences over forming a minority coalition government after an inconclusive election, a top party official said, underscoring its political and economic instability.

Analysts say the nation, grappling with an economic crisis amid slow growth and record inflation, along with rising violence, needs a stable government with the authority to take tough decisions.

SC adjourns hearing petition seeking to declare general elections void

Monday’s talks will be the fifth such round after former Prime Minister Shehbaz Sharif was named by his Pakistan Muslim League-Nawaz (PML-N) party to lead the country again.

“Both the parties haven’t yet agreed on final points,” Ishaq Dar, a senator of Sharif’s party, who is leading it in the talks, said in a statement on Sunday posted on social media platform X.

“Negotiations are underway on various proposals” for power sharing, he added.

The Pakistan Peoples Party (PPP) party of former foreign minister Bilawal Bhutto Zardari has announced conditional support for the PML-N, saying it will vote for Sharif to form the government, but would not take positions in cabinet.

“I can confirm that it has been decided in principle that the political parties will form a coalition government,” Dar told domestic broadcaster Geo TV.

Sharif, 72, who was prime minister of the south Asian nation for 16 months until August, has been named as the coalition’s candidate to be the next premier by his elder brother, Nawaz Sharif, who is the PML-N chief.

Pakistan narrowly averted a sovereign default last summer with a $3-billion bailout from the International Monetary Fund, but the lender’s support ends in March, after which a new, extended programme will be needed.

Negotiating a new programme, and at speed, will be critical for the new government.

Pakistan’s sovereign dollar bonds fell as much as 1.2 cents on Monday, with the 2024 bond standing at 95.89 cents in the aftermath of the contentious election, Tradeweb data showed.

KP assembly: ECP issues notification about returned candidates

The new government could also face further political tension, with independent members of parliament, backed by jailed former premier Imran Khan, forming the largest group in the legislature.

This group is at loggerheads with the powerful military and alleges that the vote was rigged.

The caretaker government and election commission have rejected those accusations.

Comments

200 characters
KU Feb 19, 2024 02:43pm
A stable government? In the hands of these NRO blessed and rigged election results is a joke and very undemocratic. We need truth and honesty to prevail if there is to be any meaningful future.
thumb_up Recommended (0) reply Reply
Imran s Feb 19, 2024 05:50pm
For too long I hated Pakistan mainly how rich are exploiting 99% of my countrymen and humiliating them on daily basis. But I was wrong to hate. (1 of 5)
thumb_up Recommended (0) reply Reply
Imran s Feb 19, 2024 05:50pm
Countless lives were lost, women raped and killed. People from different backgrounds came together, worked hard and sacrificed everything for Pakistan. (2 of 5)
thumb_up Recommended (0) reply Reply
Imran s Feb 19, 2024 05:50pm
These people wanted a home for their children, my parents were one of them. This dream is not fully realised yet, mainly due to blood suckers (leftover of colonisers). (3 of 5)
thumb_up Recommended (0) reply Reply
Imran s Feb 19, 2024 05:51pm
I love my country and want things to get better for good. Politicians need to sort themselves out and those should not be involved in Politics should concentrate on their jobs. (4 of 5)
thumb_up Recommended (0) reply Reply
Imran s Feb 19, 2024 05:51pm
I will take my country back and give it to people, if need arise, enough is enough. (5 of 5)
thumb_up Recommended (0) reply Reply
Aslam Tanoli Feb 19, 2024 11:38pm
MQM won seats and this election is a joke
thumb_up Recommended (0) reply Reply