Parliament will meet to choose a new prime minister, with opposition leader Shehbaz Sharif the favorite to win after a week-long constitutional crisis.
- Pakistan’s parliament will meet to elect a new prime minister after Imran Khan became the first leader in the history of the country in lose a vote of no confidence.
- Opposition leader Shehbaz Sharif is the favorite to win after a week constitutional crisis.
- Khan’s Pakistan Tehreek-e-Insaf (PTI) party nominated former Foreign Minister Shah Mahmood Qureshi as its candidate.
- If Qureshi loses, the PTI says its members of parliament will resign en masse, potentially creating the need for urgent by-elections for their seats.
Here are the latest updates:
PTI parliamentarians resign: Report
The Pakistan Tehreek-e-Insaf (PTI) parliamentary party has decided to resign en masse from the National Assembly, Geo TV reported, citing Imran Khan’s party sources.
Khan led the meeting and told his colleagues that he will be the first to resign as a member of the House, according to the report.
Stocks soar amid signs of political stability
The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) has soared more than 1,500 points, with analysts attributing the rally to a possible weekend of political instability, the Dawn newspaper reported.
The index opened at 44,444.58 and was up 1,541.57 points, or 3.47 percent, as of 12:30 pm (0730 GMT), according to the report.
“The market has responded positively to political stability,” financial analyst Tahir Abbas told Al Jazeera.
Stock market goes up 1444 points ⬆️ 🇵🇰
Dollar dropped to 182 from 189 ⬇️ 🇵🇰#وزیرِاعظم_شہبازشریف
— Maryam Nawaz Sharif (@MaryamNSharif) April 11, 2022
‘You can’t be part of the assembly where…’
Former Information Minister and member of Khan’s PTI party, Fawad Chaudhry, says the party’s lawmakers will resign if they lose the prime ministerial election in parliament.
“We cannot be part of the assembly where Shehbaz Sharif is the prime minister,” Chaudhry told reporters outside the parliament building.
Who is Shehbaz Sharif?
Shehbaz Sharif, leader of the centrist Pakistan Muslim League-N (PML-N) and former prime minister of Pakistan’s most populous province, Punjab, appears likely to be elected before Khan Shah loyalist Mahmood Qureshi, the former minister. Of Foreign Affairs.
Sharif, 70, is the younger brother of three-time Prime Minister Nawaz Sharif, who was banned by the Supreme Court from holding public office in 2017 and subsequently traveled abroad for medical treatment after serving just a few months of a prison sentence. 10 years in prison. on charges of corruption.
Read more here.
Parliament will meet to elect a new prime minister
The lower house of parliament will meet in session to decide on the new prime minister at approximately 2:00 p.m. (09:00 GMT).
No elected prime minister has completed a full term in the nuclear-armed nation since it gained independence from colonial Britain in 1947.
Photos: Rage in the streets as Khan sacked
Tens of thousands of supporters of the deposed Pakistani prime minister imran khan they have marched in cities across the country, saying they want him back in power.
Khan, 69, was fired early Sunday morning after lose a vote of no confidencepaving the way for him to be replaced by a politician from the opposition alliance.
Watch photos here.