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Search resuls for: "Ayaz Sadiq"


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Shehbaz Sharif elected Pakistan's prime minister for second term
  + stars: | 2024-03-04 | by ( ) www.cnbc.com   time to read: +1 min
Pakistan's newly formed parliament elected Shehbaz Sharif on Sunday as prime minister for a second time, three weeks after uncertain national elections caused delays in the formation of a coalition government. Pakistan's newly formed parliament elected Shehbaz Sharif on Sunday as prime minister for a second time, three weeks after uncertain national elections caused delays in the formation of a coalition government. He beat Omar Ayub, the candidate backed by jailed former Prime Minister Imran Khan, who secured 92 votes. Sharif returns to the role he held until August when parliament was dissolved ahead of the elections and a caretaker government took over. "Shehbaz Sharif is declared to have been elected the prime minister of the Islamic Republic of Pakistan," National Assembly Speaker Ayaz Sadiq said, after announcing Sharif had secured 201 votes, above the required 169 votes in the house.
Persons: Shehbaz Sharif, Omar Ayub, Imran Khan, Sharif, Ayaz Sadiq, Khan Organizations: Sunni Ittehad Council, SIC Locations: Islamic Republic of Pakistan
Pakistan to start importing Russian oil after March
  + stars: | 2023-01-20 | by ( Asif Shahzad | ) www.reuters.com   time to read: +3 min
Pakistan has been battling a balance of payment crisis with foreign exchange reserves falling to $4.6 billion, barely enough to cover three weeks of imports - mostly for oil. It said in October it was considering buying discounted Russian crude, citing neighbouring India which has been purchasing from Moscow. Pakistan officials and Russian Energy Minister Nikolay Shulginov, who is in Islamabad for an annual inter-governmental commission on trade and economy, did not specify the size of the planned purchases. Pakistan junior oil minister Musadik Malik told local Geo News TV separately that Islamabad wanted to import 35% of its total crude oil requirement. Shulginov said Russian gas companies might not be in a position at present to extend any supplies to Pakistan.
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