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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 Government of Pakistan (Urdu: حکومتِ پاکستان, romanized: hukūmat-e-pākistān) (abbreviated as GoP), constitutionally known as the Federal Government, [a] commonly known as the Centre, [b] is the national authority of the Islamic Republic of Pakistan, a federal republic located in South Asia, consisting of four provinces and one federal territory.
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.
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.
The current and former Presidents of Pakistan, in keeping with the constitutional provision that the state religion is Islam, must be Muslim. Elected for a five-year term by an Electoral College consisting of members of the Senate and National Assembly and members of the provincial assemblies, the president is eligible for re-election.
Following the passage of the 26th Amendment, the Pakistan Stock Exchange (PSX)'s benchmark KSE-100 rose 711 points, [22] Bloomberg stated the amendment was "seen as a major boost to the government faced with economic challenges and a barrage of protests." With Marva Khan stating it “essentially signifies a stronger coalition government going ...
Pakistan's economy in the 1990s suffered from poor governance and low growth as it alternated between the Pakistan Peoples Party under Benazir Bhutto and the Pakistan Muslim League (N) led by Nawaz Sharif. The GDP growth rate sank to 4 percent and Pakistan faced persistent fiscal and external deficits, triggering a debt crisis.