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Shahid Khaqan Abbasi to continue as prime minister for 10-month PML-N tenure: sources

10:48 PM | 3 Aug, 2017
Shahid Khaqan Abbasi to continue as prime minister for 10-month PML-N tenure: sources
ISLAMABAD - The incumbent  Prime Minister Shahid Khaqan Abbasi will remain the prime minister of Pakistan till 2018, renowned journalist, Talat Hussain, disclosed this in a Geo News' talk show 'Aaj Shahzaib Khanzada Kay Sath.'

Pakistan’s newly-elected interim Prime Minister Shahid Khaqan Abbasi will continue as premier for the remaining 10-month tenure of PML-N as the party chief and ousted prime minister Nawaz Sharif has indicated retaining his younger brother Shahbaz Sharif in the key province.

Nawaz Sharif, who was disqualified by Supreme Court in the Panama Papers case on July 28, had nominated his brother Shahbaz Sharif to succeed him after winning a by-election on his vacant seat in Lahore.

Abbasi, 58, was endorsed by Sharif to hold the post for the interim arrangement of 45 days (till mid-September) till Shahbaz makes to Islamabad.

“Sharif held a high-level huddle of PML-N senior leaders today in Murree to review his earlier decision to elevate Punjab Chief Minister Shahbaz Sharif to the Centre or not,” a PML-N senior leader said.

After Abbasi was elected prime minister last Tuesday, he said many in the Nawaz camp suggested that the former retain the position for the remaining term of the PML-N government as Punjab is very important for the party and cannot be left to an “inexperienced hand.”

“The PML-N legislators including Punjab law minister Rana Sanaullah have conveyed to Sharif that it will not be a wise move to elevate Shahbaz in the Centre as there will be no experience hand in the party to run the largest province in his absence,” he said, adding that the Sharif camp does not want Shahbaz in the Centre as well.

There are also reports that Sharif’s refusal to nominate Shahbaz’s son Hamza as the chief minister of Punjab has annoyed him who might choose not to give up the post in the province because of it.

“Nawaz’s daughter Maryam is against handing over Punjab to Hamza while his father is at the Centre. But Shahbaz appeared too keen to keep both posts in the family. This is another reason of Shahbaz’s reluctance to leave Punjab to someone other than his son,” another PML-N insider said.

https://en.dailypakistan.com.pk/headline/federal-cabinet-finalised-to-be-sworn-in-tomorrow-sources/

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar Open Market rates 12 May 2024

Pakistani rupee rates against US Dollar and other currencies on May 12, 2024 (Sunday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.2 for buying and 279.7 for selling.

Euro stands at 296 for buying and 298.7 for selling while British Pound rate is 344 for buying, and 347.5 for selling.

UAE Dirham AED was at 75.1 and Saudi Riyal came down to 73.40.

Today’s currency exchange rates in Pakistan - 12 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 279.7 
Euro EUR 296 298.7
UK Pound Sterling GBP 344 347.5
U.A.E Dirham AED 75.1 75.5
Saudi Riyal SAR 73.40 74.10
Australian Dollar AUD 180.5 182.5
Bahrain Dinar BHD 739.61 747.61
Canadian Dollar CAD 203 205
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.16 40.56
Hong Kong Dollar HKD 35.6 35.95
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.67 913.67
Malaysian Ringgit MYR 58.71 59.31
New Zealand Dollar NZD 166.93 168.93
Norwegians Krone NOK 25.69 25.99
Omani Riyal OMR 722.52 730.52
Qatari Riyal QAR 76.44 77.14
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.79 26.09
Swiss Franc CHF 306.4 308.9
Thai Bhat THB 7.56 7.71

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