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Pakistan's economy remains under severe strain due to a debt crisis, with the country facing challenges in repaying $1.2 billion in outstanding payments. [27] In Pakistan, inflation maintains its upward trajectory, as indicated by the most recent official data, which shows a year-on-year increase of 35.4% in the consumer price index for March 2023.
A political and constitutional crisis emerged in Pakistan from, 3 April 2022 to 10 April 2022 when, National Assembly's deputy speaker Qasim Khan Suri dismissed a no-confidence motion against prime minister Imran Khan during a session in which it was expected to be taken up for a vote, alleging that a foreign country's involvement in the regime change was contradictory to Article 5 of the ...
Poor governance and low productivity per capita in comparison with other low to middle-income developing countries have contributed to a balance of payment crisis, where the country is unable to earn enough foreign exchange to fund the imports that it consumes. [5] Pakistan's economic crisis is the biggest crisis since its independence. [6] [7]
The national cabinet, led by the Prime Minister of Pakistan has executive power and the president is the head of state elected by the electoral college. [3] Pakistan's political system is based on an elected form of governance. [4] The democratic elections held in 2008 were the first to conclude a 5-year term in the nation's political history.
Adil Gillani, an advisor for TI Pakistan, observed in 2012 that if Pakistan checked the menace of corruption and ensured good governance, it would not require a single penny from the outside world. The 2008–2013 PPP-led coalition government was criticised as being the most corrupt in the country's history. [24]
2 April – After the resignation of Buzdar, the meeting of the Punjab Assembly was convened on 2 April 2022 to elect a new Chief Minister. [4] Meanwhile Muhammad Khan Bhatti, Secretary of the Provincial Assembly said that the candidates would submit their nomination papers today while voting for the election of a new Chief Minister is likely to take place tomorrow or Monday.
The Pakistan Democratic Movement (PDM) has decided to not contest these by-elections as it believed them to be a waste of "funds, energy and time". Moreover, the Pakistan People's Party (PPP), the Muttahida Qaumi Movement – Pakistan (MQM-P), decided against participating in these elections, accepting suggestions from the PDM, their coalition ...
Early Sunday morning Pervez Musharraf addressed Pakistan for the first time since declaring the state of emergency [32] in a speech broadcast on state-run PTV. The following is a translation of Musharraf's speech from the original Urdu: [33] Today I make this address because our country is at a dangerous juncture, facing a national crisis.