Pakistan political crisis: Desire peaceful ties with India; J&K settlement indispensable, says new Pakistan PM

Shehbaz Sharif is expected to travel to Saudi Arabia and China in his first foreign trip after taking charge as Pakistan's new prime minister, according to a media report on Tuesday.

Moody's Investors Service has highlighted cash-strapped Pakistan's “significant uncertainty over policy continuity” and falling foreign exchange reserves even as the Pakistan Stock Exchange and the rupee made a steep recovery after Shehbaz Sharif was sworn-in as the new Prime Minister, bringing to an end the political uncertainty in the country.

Pakistan's newly-elected Prime Minister Shehbaz Sharif on the first day in office on Tuesday abolished two weekly offs in government offices and also changed their timings, as he attempted to revive the cash-strapped country's economy. Sharif, who was sworn-in as the 23rd prime minister of Pakistan on Monday, reached his office at 8:00 am before the arrival of the staff, most of them reaching at the 10:00 am, which was set as office opening time by the previous Imran Khan government.

Prime Minister Modi on Monday congratulated 70-year-old Sharif on his election as the Prime Minister of Pakistan and said India desires peace and stability in a region free of terror so that "we can focus on our development challenges and ensure the well-being and prosperity of our people."

On new Pakistan PM Shehbaz Sharif, defence minister Rajnath Singh who's in Washington DC told ANI, " I just want to convey to him to curb terrorism...best wishes with him."

Democratic Pakistan critical to our interests: US after Shehbaz Sharif takes over as Pak PM

Want good ties with India but no peace without Kashmir issue resolution, says new Pakistan PM Shahbaz Sharif

Ousted PM of Pakistan, Imran Khan, demands "immediate elections as that is the only way forward -- to let the people decide, through fair & free elections, whom they want as their prime minister."

He will hold a rally in Peshawar on April 13.

PM Modi congratulates Shehbaz Sharif

Oath-taking ceremony of PM-elect Shehbaz Sharif begins

Shehbaz Sharif to be administered oath of PM by Chairman Senate. President Arif Alvi not able to carry out function. Ceremony to take place at 9.00 pm (PST) -- 9.30 pm (IST)

National Assembly Secretariat issues notification regarding election of Shehbaz Sharif as new Pakistan PM

PM designate Shehbaz Sharif to be administered oath by Chairman Senate Sadiq Sanjrani: Local media reports

Pakistan President Arif Alvi on Monday complained of "discomfort", hours before he was scheduled to administer oath to Prime Minister-designate Shehbaz Sharif. "The physician has examined him thoroughly and has advised him rest for a few days," said a brief statement issued on the official Twitter handle of the 72-year-old President, who was a member of the ousted PM Imran Khan's party.

Sharif vows reconciliation, revive economy

Sharif on Monday said his government would focus on reconciliation in a society polarised by his former leader Imran Khan’s policies and reviving a troubled economy. “The economic challenges are huge and we need to make a way out of these troubles. We will have to shed sweat and blood to revive the economy,” he said

Pakistan's new government faces tough challenges, warn economists

Economists have warned that rising inflation would pose a major challenge for Pakistan's incoming government and it would have to reverse so-called relief measures announced by the Imran Khan government. (ANI)