Sources privy to the matter said that Abbasi decided to step down after Maryam Nawaz was elevated as the party's chief organizer and senior vice president by Prime Minister Shehbaz Sharif, who is also PML-N president.
While, Pakistanis are deprived of their basic needs, unbearable economic challenges in the shape of inflation, unemployment and financial instability, all political parties have staked out the country's sovereignty.
Ishaq Dar made the announcement in a televised address on Sunday. He said that the price of kerosene oil and light diesel oil were increased by PKR 18 per litre.
The statement of Sharif came after former Pakistan PM Imran Khan on Friday claimed that a new plan was hatched for his assassination and alleged Pakistan People's Party (PPP) co-chairman of being involved in a conspiracy.
Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz on Saturday said that her party is not afraid of elections at all and that it would win seats by a majority when Punjab goes to the polls, Geo TV reported.
Businesses in Pakistan are at risk of closure due to a breakdown of supply chains as domestically manufactured goods rely on imported raw materials. The textile industry in Pakistan is also in a critical position as it is losing credibility and market share among international buyers.
Despite facing severe foreign exchange shortage and being under economic crisis, the government of Pakistan has ordered a massive hike of 30 per cent in development funds to PKR 90 billion for Parliamentarians, according to Dawn.
"At this stage, no dialogue is taking place between Pakistan and India," Hina Rabbani Khar categorically stated while speaking during a question-hour session in the Senate.
Addressing a press conference, 24 hours after Pakistan plunged into darkness, Khan on Tuesday, however, said the "possibility of foreign intervention through the internet is low".
The economic turmoil in Pakistan has reached alarmingly close to that of Sri Lanka, which had faced a similar situation prior to its default. Pakistan is now standing at the same juncture. Merely a few days or weeks at the most are left for the imminent disaster if some kind of a miracle doe
The blackout, which Energy Minister Khurram Dastagir claimed was caused by a power surge, is the second significant grid breakdown in three months and adds to the nearly daily blackouts Pakistan's population experiences.