Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Pakistan's ruling party looks for gains in upper house election

Published 03/05/2015, 02:51 AM
Updated 03/05/2015, 03:10 AM
© Reuters. Pakistan's PM Sharif addresses the 69th United Nations General Assembly at United Nations Headquarters in New York

By Mehreen Zahra-Malik

ISLAMABAD (Reuters) - Pakistani lawmakers voted for new senators in parliament's upper house on Thursday in an election that could strengthen Prime Minister Nawaz Sharif's grip on power and increase his ability to pass important legislation.

The main opposition party, the Pakistan People's Party (PPP), currently holds a majority in the Senate.

But projections by analysts indicate that after Thursday's vote, Sharif's ruling Pakistan Muslim League is expected to win almost equal representation in the upper house.

Under the constitution, a bill cannot become law unless it is passed by both upper and lower houses of parliament.

Sharif, whose party holds a majority in the lower house of parliament, has his hands full with problems ranging from chronic power shortages, a near-failed economy, a Taliban insurgency and building relations with the United States and arch-rival India.

Toppled in a 1999 coup, jailed and later exiled, Sharif made a triumphant election comeback in May 2013, becoming prime minister for a third time and winning enough seats so he did not need to form a coalition with other major parties to push through badly needed reforms.

There are 132 candidates in the running for 48 Senate seats on Thursday.

Members of both houses of parliament vote and results are expected later in the day. The newly elected senators will take oath and elect a chairman on March 12.

(Writing By Mehreen Zahra-Malik; Editing by Robert Birsel)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.