AIRLINK 60.45 Decreased By ▼ -0.52 (-0.85%)
BOP 6.32 Increased By ▲ 0.03 (0.48%)
CNERGY 4.39 Increased By ▲ 0.06 (1.39%)
DFML 16.00 Increased By ▲ 0.14 (0.88%)
DGKC 69.01 Decreased By ▼ -0.29 (-0.42%)
FCCL 18.09 Decreased By ▼ -0.11 (-0.6%)
FFBL 26.24 Decreased By ▼ -0.01 (-0.04%)
FFL 9.34 Increased By ▲ 0.11 (1.19%)
GGL 10.24 Decreased By ▼ -0.01 (-0.1%)
HBL 115.42 Decreased By ▼ -1.58 (-1.35%)
HUBC 116.06 Increased By ▲ 1.58 (1.38%)
HUMNL 7.03 Increased By ▲ 0.10 (1.44%)
KEL 5.02 Increased By ▲ 0.13 (2.66%)
KOSM 5.68 Increased By ▲ 0.35 (6.57%)
MLCF 38.72 Increased By ▲ 0.22 (0.57%)
OGDC 132.17 Increased By ▲ 8.20 (6.61%)
PAEL 21.76 Decreased By ▼ -0.09 (-0.41%)
PIAA 12.80 Increased By ▲ 1.00 (8.47%)
PIBTL 6.10 No Change ▼ 0.00 (0%)
PPL 119.87 Increased By ▲ 6.12 (5.38%)
PRL 28.17 Decreased By ▼ -0.13 (-0.46%)
PTC 12.08 Increased By ▲ 0.63 (5.5%)
SEARL 51.80 Decreased By ▼ -0.50 (-0.96%)
SNGP 68.77 Increased By ▲ 1.07 (1.58%)
SSGC 11.46 Increased By ▲ 0.13 (1.15%)
TELE 8.19 Increased By ▲ 0.34 (4.33%)
TPLP 11.53 Decreased By ▼ -0.05 (-0.43%)
TRG 72.75 Increased By ▲ 0.94 (1.31%)
UNITY 23.62 Increased By ▲ 0.52 (2.25%)
WTL 1.37 Increased By ▲ 0.08 (6.2%)
BR100 6,790 Increased By 72.9 (1.09%)
BR30 23,078 Increased By 560.6 (2.49%)
KSE100 65,952 Increased By 626 (0.96%)
KSE30 22,417 Increased By 271.6 (1.23%)

ISLAMABAD: Chairman Senate Sadiq Sanjrani remained the centre of the opposition’s criticism and condemnation at the 322nd Senate session that was prorogued on Friday –but the house managed to pass the amended version of the Foreign Investment (Promotion and Protection) Act 2022 –to make the jurisdiction of this law specific to “qualified investment” of Reko Diq project in Balochistan besides the entire country.

Presented by Finance Minister Ishaq Dar, the Foreign Investment (Promotion and Protection) (Amendment) Bill, 2022 was passed by the house amid protest from the opposition over the non-issuance of Azam Swati’s production order by the chairman Senate.

The sitting continued for only less than half an hour—25 minutes precisely—before the session was prorogued.

Earlier on Monday, the Senate and National Assembly passed the Foreign Investment (Promotion and Protection) Bill, 2022.

This triggered strong protest by some coalition partners in the federal government, Balochistan National Party-Mengal (BNP-M) in particular, that alleged this law aimed at depriving the people of Balochistan of the natural resources in the province.

Sanjrani ends session abruptly, without issuing Swati’s production order

The original act’s jurisdiction was extended to the “whole of Pakistan”. In the amended version, its jurisdiction, besides the entire country, is made specific to Reko Diq investment in Balochistan. Barring this amendment, the rest of the contents of the Foreign Investment (Promotion and Protection) Act 2022 remain unchanged.

This law aims to “attract, encourage, and protect large-scale foreign investments into Pakistan” and to provide for “promotion and protection of certain qualified foreign investments”.

The house also passed a unanimous resolution to felicitate Qatar on hosting the Football World Cup 2022.

Only two bills were passed in the entire 322nd Senate session that started on Monday and concluded on Friday. Sanjrani remained the subject of the opposition’s ire in the entire session for his failure in the issuance of the production order of Azam Swati from Pakistan Tehreek-e-Insaf (PTI). In the course of house proceedings, Sanjrani repeatedly assured the opposition that he would issue Swati’s production order but adjourned the sitting each time without doing so.

Rule 84 of the Rules of Procedure and Conduct of Business in the Senate 2012 provides that the chairman Senate or chairman of a Senate committee may summon a senator in custody on the charge of any offence or under any law relating to preventive detention to attend a sitting or sittings of the Senate or meeting of a committee of which he/ she is a member if the chair considers their presence necessary.

The house only met thrice in this session—on Monday, Thursday, and Friday—for not more than a few minutes. Monday’s sitting lasted for35 minutes, Thursday’s sitting lasted for only 10 minutes, and Friday’s sitting ended in 25 minutes, despite that a considerable number of senators showed up at each sitting.

In 100-seat house, the present strength of which is 99 members, 72 members attended Monday’s sitting, 59 senators were present in the house on Thursday’s, and 64 senators attended Friday’s sitting.

Copyright Business Recorder, 2022


Comments are closed.

Muhammad Junaid Dec 17, 2022 09:27am
I am a computer science student
thumb_up Recommended (0)