PPP, PML-N mull 'power-sharing formula’ to bifurcate PM's tenure

09:04 AM | 12 Feb, 2024
PPP, PML-N mull 'power-sharing formula’ to bifurcate PM's tenure
Source: File Photo

LAHORE - Top leaders of Pakistan Muslim League Nawaz and Pakistan People’s Party PPP continue talks at Bilawal House and decided to cooperate politically to bring crisis-hit country to political stability.

Reports suggest that PPP and PML-N discussed ‘power-sharing formula’ to bifurcate the prime minister’s tenure as political bigwigs discuss different strategies to form next government.

A suggestion was put forward that PML-N and the PPP might get their respective nominee elected as the prime minister for 2.5 years each.

PDM allies reiterated to bring stability to South Asian nation. The people have given us the mandate. We won’t disappoint them, it said.

On Sunday, Shehbaz Sharif arrived at Bilawal House in Lahore for second round of talks. He was accompanied by Saad Rafique, Ayaz Sadiq, Rana Tanveer, Ahsan Iqbal and Azam Nazeer Tarar. Both Bilawal Bhutto and Asif Ali Zardari represented the PPP in the meeting.

The statement added that the two sides have exchanged proposals on how to form a government, which will be placed before the PPP’s Central Executive Committee.

Shehbaz Sharif met Asif Zardari and Bilawal in Lahore on Friday, hours after a speech by Nawaz Sharif. The PPP’s CEC is expected to meet in Islamabad on Monday at 7pm.

PPP leader is expected to meet PML-Q leader Chaudhry Shujaat Hussain and JUI-F leader Maulana Fazlur Rehman.

Daily Pakistan Global Web Desk


Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


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