English edition of Asharq Al-Awsat - the world's premier pan-Arab daily.
Libya's UN-backed Prime Minister Fayez Serraj called for new parliamentary and presidential elections to be held in March 2018, local TV reported on Sunday.
He also called for "ceasefire and stopping all fighting in the country, except for the anti-terror battle in line with the Libyan political deal and worldwide agreements".
"I have made a decision to present to you today my vision and proposals for the next phase and a roadmap that may contribute to ending the current crisis and find common ground for a more secure and stable situation", Sarraj said.
As part of his proposals, Al-Sarraj will see the House of Representatives and the State Council set up joint committees to agree an amendment to the Constitutional Declaration that would determine the powers of the head of state.
Al-Serraj also said that the Central Bank of Libya should abide by the fiscal policy and deliver the needed funding for the government in order to deal with the issue of cash outages in Libya and the issue of foreign currency exchange rates in the black market. He noted that the Presidential Council's roadmap will unquestionably end this chaos soon.
"Not everyone we have disagreed with from home is a terrorist", Al-Sarraj said in his speech, adding that Libya belongs to all Libyans "without exception". "The time has come for unity and salvaging our nation".
In 2011, an armed conflict broke out in Libya between forces controlled by the long-standing leader of the country Muammar Gaddafi and various armed groups.