Berliner Boersenzeitung - Pakistan PM's future in doubt as coalition ally switches sides

EUR -
AED 4.215763
AFN 72.319432
ALL 96.250511
AMD 433.530234
ANG 2.054886
AOA 1052.649851
ARS 1605.041005
AUD 1.627805
AWG 2.06627
AZN 1.952677
BAM 1.960904
BBD 2.315928
BDT 141.097233
BGN 1.962163
BHD 0.433516
BIF 3413.584513
BMD 1.147928
BND 1.47143
BOB 7.94568
BRL 6.045904
BSD 1.149893
BTN 106.138709
BWP 15.668849
BYN 3.402355
BYR 22499.382989
BZD 2.312519
CAD 1.569918
CDF 2590.872602
CHF 0.903995
CLF 0.026617
CLP 1051.008272
CNY 7.916795
CNH 7.911483
COP 4240.54825
CRC 541.010441
CUC 1.147928
CUP 30.420084
CVE 110.553218
CZK 24.433584
DJF 204.762935
DKK 7.471654
DOP 70.644173
DZD 151.956974
EGP 60.095851
ERN 17.218916
ETB 179.486229
FJD 2.543695
FKP 0.866615
GBP 0.86424
GEL 3.133911
GGP 0.866615
GHS 12.487501
GIP 0.866615
GMD 84.391326
GNF 10081.028197
GTQ 8.817989
GYD 240.56612
HKD 8.98925
HNL 30.437352
HRK 7.534075
HTG 150.767805
HUF 389.675577
IDR 19505.587538
ILS 3.586138
IMP 0.866615
INR 105.924459
IQD 1506.327068
IRR 1517244.7443
ISK 143.617015
JEP 0.866615
JMD 180.420365
JOD 0.81386
JPY 182.616948
KES 148.654125
KGS 100.386359
KHR 4610.980884
KMF 494.756922
KPW 1033.134925
KRW 1710.52135
KWD 0.352115
KYD 0.958198
KZT 562.92758
LAK 24639.128089
LBP 102968.395132
LKR 357.859841
LRD 210.418571
LSL 19.312464
LTL 3.389532
LVL 0.694369
LYD 7.337096
MAD 10.829887
MDL 20.059208
MGA 4774.447217
MKD 61.66314
MMK 2410.237597
MNT 4099.576954
MOP 9.269466
MRU 46.005739
MUR 53.654501
MVR 17.735995
MWK 1993.797928
MXN 20.440127
MYR 4.511928
MZN 73.364265
NAD 19.312549
NGN 1584.174748
NIO 42.310305
NOK 11.139837
NPR 169.821734
NZD 1.964437
OMR 0.441378
PAB 1.149793
PEN 3.965321
PGK 5.028087
PHP 68.547329
PKR 321.064833
PLN 4.268403
PYG 7418.307578
QAR 4.179897
RON 5.094046
RSD 117.399254
RUB 93.496271
RWF 1677.974562
SAR 4.30773
SBD 9.24279
SCR 15.713391
SDG 689.904142
SEK 10.75777
SGD 1.468045
SHP 0.861243
SLE 28.18199
SLL 24071.482406
SOS 656.010251
SRD 43.10238
STD 23759.785806
STN 24.563932
SVC 10.06123
SYP 126.874693
SZL 19.306248
THB 37.205504
TJS 11.021333
TMT 4.017747
TND 3.400565
TOP 2.763934
TRY 50.72017
TTD 7.798331
TWD 36.719334
TZS 2990.351426
UAH 50.707096
UGX 4323.252098
USD 1.147928
UYU 46.190421
UZS 13884.075513
VES 508.192904
VND 30179.019325
VUV 137.252268
WST 3.139829
XAF 657.671582
XAG 0.014508
XAU 0.000229
XCD 3.102332
XCG 2.072303
XDR 0.817932
XOF 657.66871
XPF 119.331742
YER 273.838357
ZAR 19.27319
ZMK 10332.727681
ZMW 22.381252
ZWL 369.632252
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    0.0600

    23.05

    +0.26%

  • RYCEF

    -0.2400

    16.31

    -1.47%

  • NGG

    0.6000

    91.5

    +0.66%

  • RIO

    2.5400

    90.37

    +2.81%

  • VOD

    0.2200

    14.63

    +1.5%

  • CMSD

    0.0460

    23.036

    +0.2%

  • RELX

    0.0200

    34.16

    +0.06%

  • BCE

    0.2121

    25.46

    +0.83%

  • GSK

    1.1300

    54.52

    +2.07%

  • BCC

    1.5050

    71.505

    +2.1%

  • BTI

    1.4200

    61.35

    +2.31%

  • BP

    0.2900

    42.96

    +0.68%

  • JRI

    0.0700

    12.66

    +0.55%

  • AZN

    2.3800

    192.28

    +1.24%

Pakistan PM's future in doubt as coalition ally switches sides
Pakistan PM's future in doubt as coalition ally switches sides

Pakistan PM's future in doubt as coalition ally switches sides

Pakistan Prime Minister Imran Khan's future looked increasingly in doubt Wednesday after a key coalition partner switched allegiance ahead of a parliamentary no-confidence vote that could be held as early as this weekend.

Text size:

No prime minister in the country's history has seen out a full term, and Khan is facing the biggest challenge to his rule since being elected in 2018, with opponents accusing him of economic mismanagement and foreign-policy bungling.

Debate on the no-confidence motion is due to start Thursday, leaving Khan scrambling to keep his own Pakistan Tehreek-e-Insaf (PTI) members on side -- as well as a slew of minority parties.

On paper the PTI and coalition partners have 176 seats in the 342-member assembly, but on Wednesday the Muttahida Qaumi Movement (MQM-P) said its seven lawmakers would vote with the opposition, which has a combined 163 seats.

More than a dozen PTI lawmakers have also indicated they will cross the floor, although party leaders are trying to get the courts to prevent them from voting.

In the past, Pakistan parties have also resorted to physically preventing lawmakers from voting against key legislation by blocking access to the national assembly, leading to cat-and-mouse chases and even accusations of kidnapping.

Senior MQM-P leader Faisal Subzwari tweeted Wednesday that his party had finalised an agreement with the opposition, led by the Pakistan People Party (PPP) and Pakistan Muslim League (PML-N).

"Details will be formally announced today," he said.

- Feuding dynasties -

The PML-N and PPP dominated national politics for decades until Khan forged a coalition against the usually feuding dynastic groups.

He was elected after promising to sweep away decades of entrenched corruption and cronyism, but has struggled to maintain support with inflation skyrocketing, a feeble rupee and crippling debt.

Some analysts say Khan has also lost the crucial support of the military -- claims both sides deny -- and Pakistan's army is key to political power.

There have been four military coups -- and at least as many unsuccessful ones -- since independence in 1947, and the country has spent more than three decades under army rule.

If Khan loses next week's vote, a new government could be headed by PML-N's Shehbaz Sharif, the brother of former prime minister Nawaz Sharif, who has not returned since being released from jail in 2021 to get medical treatment abroad.

Also given a senior role will likely be the PPP's Bilawal Bhutto Zardari, son of assassinated former prime minister Benazir Bhutto and ex-President Asif Zardari.

One card up Khan's sleeve would be to call an early election -- the next one must be held before October 2023.

"The best option in this situation would have been fresh elections to enable the new government to handle economic, political and external problems faced by the country," said political analyst Talat Masood, a retired general.

"The country is heading towards something unpredictable... where there is going to be a lot of chaos and problems."

Hassan Askari, another political analyst, agreed.

"The long-term political repercussion of the evolving situation will be instability, continued conflict in politics and inability to cope with economic challenges that Pakistan is currently facing," he said.

(K.Lüdke--BBZ)