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Sri Lankan president dissolves parliament

10:15 AM | 27 Jun, 2015
Sri Lankan president dissolves parliament
COLOMBO (Web Desk/APP) - Sri Lanka's president has dissolved parliament, in an effort to consolidate power and push through political reforms, a government spokesman said on Friday.

Two government officials told Reuters elections will be held to elect a new parliament on August 17.

President Maithripala Sirisena, who was elected in a Jan 8 poll, needs parliamentary support to push through reforms he has promised, including limits on the powers of the executive presidency.

The timing of the parliamentary elections is also important. The United Nations Human Rights Council is expected to release a report in September on human rights abuses during the final phase of the war against the Tamil insurgency in 2009.

The report could affect an attempt by Sirisena's predecessor, Mahinda Rajapaksa to stage a comeback. His supporters say he may bid for the prime ministership.

One of Sri Lanka's key parties, the Sri Lanka Freedom Party (SLFP), is split between Sirisena and Rajapaksa, who defeated the Tamil separatists in 2009. For the moment, political analysts say, the split has given Prime Minister Ranil Wickremesinghe's United National Party (UNP) an edge in the election.

"The UNP will be the single largest party after the election," said Kusal Perera, director of the Centre for Social Democracy, a Colombo-based think tank.

But Rajapaska's supporters believe that if the report criticizes him for war-time abuses, it might actually help him with Sri Lanka's majority Sinhalese community. He will be seen to be standing up to foreigners trying to interfere in the small island nation.

The dissolution came ahead of no-confidence motions against Wickremesinghe and Finance Minister Ravi Karunanayake and a parliamentary committee report on a alleged bond scam under the new government.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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