ISLAMABAD: Leaders of Pakistan’s two top opposition parties on Wednesday pledged to use all democratic and constitutional means required to unseat the government while holding a meeting in the country’s southern port city of Karachi that witnessed massive urban flooding only a few days ago.
Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif said in a Twitter post that he was visiting Karachi to express solidarity with its residents who suffered a great deal due to heavy monsoon rains.
“Here to express my solidarity with the people of Karachi who braved the worst conditions created in wake of heavy downpours and urban flooding,” he wrote on the social media website. “All stakeholders need to sit together to work out a comprehensive and doable plan to uplift the megacity. Politics can wait for another day!”
Sharif visited the top Pakistan People’s Party leaders, Asif Ali Zardari and Bilawal Bhutto, along with other senior party members to discuss the country’s overall political situation.
The meeting was followed by a joint news conference that was addressed by the leaders of the two parties who vowed to strengthen democratic institutions by ensuring constitutional supremacy in Pakistan.
Referring to the Charter of Democracy signed between former prime ministers, Nawaz Sharif and Benazir Bhutto, on May 14, 2006, in London, PML-N leader Ahsan Iqbal said that the document required the two parties to rise above their political interests and defend democracy in the country.
The opposition leaders also claimed that the fundamental rights of Pakistani citizens were being violated under the incumbent administration and vowed to resist that while staying within the constitutional framework of the country.
The joint press conference also announced that the PPP would host the Rehbar Committee meeting on Thursday to decide the date for the All Parties Conference (APC).
Apart from criticizing the performance of the Pakistan Tehreek-e-Insaf government, leaders of the two parties also targeted the National Accountability Bureau (NAB) that is investigating several high-profile opposition politicians.
The two political factions, who already claim that the anti-graft references against their leaders are politically motivated, decided to resist arrests of their party members by NAB.
Leaders of Pakistan’s top opposition parties to deliberate on anti-government strategy
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Leaders of Pakistan’s top opposition parties to deliberate on anti-government strategy
- PML-N President Shehbaz Sharif meets PPP’s Asif Ali Zardari and Bilawal Bhutto in Karachi
- The two parties claim the fundamental rights of Pakistani citizens have been usurped
Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure
- Both sign $330 million Power Transmission Strengthening Project and $400 million SOE Transformation Program loan agreements
- Economic Affairs Division official says Transmission Project will secure Pakistan’s energy future by strengthening national grid’s backbone
KARACHI: Pakistan and the Asian Development Bank (ADB) on Thursday signed two loan agreements totaling $730 million to boost reforms in state-owned enterprises (SOEs) and energy infrastructure in the country, the bank said.
The first of the two agreements pertains to the SOE Transformation Program worth $400 million while the second loan, worth $330 million, is for a Power Transmission Strengthening Project, the lender said.
The agreements were signed by ADB Country Director for Pakistan Emma Fan and Pakistan’s Secretary of Economic Affairs Division Humair Karim.
“The agreements demonstrate ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the ADB said.
Pakistan’s SOEs have incurred losses worth billions of dollars over the years due to financial mismanagement and corruption. These entities, including the country’s national airline Pakistan International Airlines, which was sold to a private group this week, have relied on subsequent government bailouts over the years to operate.
The ADB approved the $400 million loan for SOE reforms on Dec. 12. It said the program seeks to improve governance and optimize the performance of Pakistan’s commercial SOEs.
Karim highlighted that the Power Transmission Strengthening Project will enable reliable evacuation of 2,300 MW from Pakistan’s upcoming hydropower projects, relieve overloading of existing transmission lines and enhance resilience under contingency conditions, the Press Information Department (PID) said.
“The Secretary emphasized that both initiatives are transformative in nature as the Transmission Project will secure Pakistan’s energy future by strengthening the backbone of the national grid whereas the SOE Program will enhance transparency, efficiency and sustainability of state-owned enterprises nationwide,” the PID said.
The ADB has supported reforms by Pakistan to strengthen its public finance and social protection systems. It has also undertaken programs in the country to help with post-flood reconstruction, improve food security and social and human capital.
To date, ADB says it has committed 764 public sector loans, grants and technical assistance totaling $43.4 billion to Pakistan.
