Published by Jessica Weisman-Pitts
Posted on April 11, 2022
4 min readLast updated: February 8, 2026
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By Asif Shahzad and Gibran Naiyyar Peshimam
ISLAMABAD (Reuters) -More than 100 lawmakers loyal to Pakistan’s ousted prime minister Imran Khan resigned on Monday, creating a headache for the new, Western-friendly incumbent Shehbaz Sharif as he tries to drag his country out of political and economic crisis.
Parliament’s election of Sharif, 70, as prime minister on Monday followed a week-long constitutional crisis that reached a climax on Sunday when Khan lost a no-confidence vote in parliament.
His departure from power sparked street protests and a mass resignation of MPs from Khan’s Pakistan Tehreek-e-Insaf party in protest at the impending change of government.
If the resignations are accepted by the speaker, Pakistan would face the prospect of more than 100 by-elections within two months, a major distraction for Sharif, 70, and his coalition partners and a potential platform for Khan, 69, to mobilise his support.
That in turn could ensure the nuclear-armed nation of 220 million people remains prone to political and economic turbulence.
Sharif has a reputation domestically as an effective administrator more than as a politician. He is the younger brother of three-time prime minister Nawaz Sharif. [L2N2W70HM]
Analysts say Shehbaz, unlike Nawaz, enjoys amicable relations with Pakistan’s military, which traditionally controls foreign and defence policy.
After Monday’s vote, Sharif vowed to tackle an economic malaise that has seen the rupee hit an all-time low and the central bank implement the biggest hike in interest rates in decades last week.
“If we have to save the sinking boat, what we all need is hard work, and unity, unity and unity,” he told parliament.
“We are beginning a new era of development today.”
RESET TIES
The younger Sharif emerged as the leader of a united opposition to topple Khan, a former cricket star who has claimed that the United States was behind his downfall, which Washington has denied.
Sharif said in an interview last week good relations with the United States were critical for Pakistan for better or for worse, in stark contrast to Khan’s prickly ties to Washington.
In his maiden speech, he also spoke of improving relations with neighbours India and China.
“We want good relations with India but a durable peace can’t be possible without Kashmir’s solution,” he said, referring to the contested Himalayan territory the countries have fought several wars over.
He said his government will speed up construction of the $60 billion China-Pakistan Economic Corridor (CPEC) – a part of Beijing’s Belt and Road Initiative.
MILITARY FALLOUT
No elected prime minister has completed a full term in Pakistan since it won independence from colonial power Great Britain in 1947, though Khan is the first to be removed by a no-confidence vote.
The military has ruled the country for almost half its nearly 75-year history. It viewed Khan and his conservative agenda favourably when he won election in 2018.
That support waned after a falling-out over the appointment of a military intelligence chief and economic troubles.
Khan remained defiant following his defeat in parliament.
Thousands of his supporters in several cities held protests against his ousting that went on until Monday’s early hours.
Nawaz Sharif was barred by the Supreme Court in 2017 from holding public office and subsequently went abroad for medical treatment after serving just a few months of a 10-year jail sentence for corruption charges.
“There can’t be any bigger insult to this country,” Khan, ousted in a no-confidence vote by the same assembly in the early hours of Sunday, told reporters on Monday on the prospect of Shehbaz Sharif being elected.
(Reporting by Asif Shahzad, Syed Raza Hassan and Gibran Naiyyar Peshimam in Islamabad; Additional reporting by Jibran Ahmad in Peshawar and Gul Yousafzai in Quetta; Writing by Alasdair Pal; Editing by Simon Cameron-Moore, William Maclean and Howard Goller)
A central bank is a financial institution that manages a country's currency, money supply, and interest rates. It oversees monetary policy and often regulates the banking system.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. Central banks attempt to limit inflation to keep the economy running smoothly.
Foreign currency refers to the money that is used in other countries, which can be exchanged for the local currency. It is essential for international trade and investment.
Economic growth is an increase in the production of goods and services in an economy over a specific period, typically measured by the rise in Gross Domestic Product (GDP).
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