AIRLINK 75.20 Decreased By ▼ -0.23 (-0.3%)
BOP 5.12 Increased By ▲ 0.05 (0.99%)
CNERGY 4.63 Decreased By ▼ -0.12 (-2.53%)
DFML 29.85 Decreased By ▼ -0.25 (-0.83%)
DGKC 88.25 Decreased By ▼ -2.23 (-2.46%)
FCCL 22.39 Decreased By ▼ -0.51 (-2.23%)
FFBL 33.08 Increased By ▲ 0.13 (0.39%)
FFL 10.05 No Change ▼ 0.00 (0%)
GGL 11.14 Decreased By ▼ -0.20 (-1.76%)
HBL 114.28 Increased By ▲ 0.79 (0.7%)
HUBC 136.71 Increased By ▲ 0.20 (0.15%)
HUMNL 9.42 Decreased By ▼ -0.48 (-4.85%)
KEL 4.65 Decreased By ▼ -0.01 (-0.21%)
KOSM 4.67 Decreased By ▼ -0.02 (-0.43%)
MLCF 40.22 Decreased By ▼ -0.88 (-2.14%)
OGDC 135.48 Increased By ▲ 0.68 (0.5%)
PAEL 27.18 Decreased By ▼ -0.43 (-1.56%)
PIAA 24.45 Decreased By ▼ -1.02 (-4%)
PIBTL 6.93 Increased By ▲ 0.01 (0.14%)
PPL 124.00 Decreased By ▼ -0.45 (-0.36%)
PRL 27.40 No Change ▼ 0.00 (0%)
PTC 14.13 Decreased By ▼ -0.37 (-2.55%)
SEARL 60.81 Increased By ▲ 0.61 (1.01%)
SNGP 71.48 Increased By ▲ 0.93 (1.32%)
SSGC 10.45 Decreased By ▼ -0.11 (-1.04%)
TELE 8.78 Decreased By ▼ -0.11 (-1.24%)
TPLP 11.73 Decreased By ▼ -0.05 (-0.42%)
TRG 66.75 Decreased By ▼ -0.91 (-1.34%)
UNITY 25.21 Increased By ▲ 0.04 (0.16%)
WTL 1.45 Decreased By ▼ -0.03 (-2.03%)
BR100 7,745 Increased By 20.4 (0.26%)
BR30 25,531 Decreased By -70.1 (-0.27%)
KSE100 74,131 Increased By 331.6 (0.45%)
KSE30 23,811 Increased By 187.6 (0.79%)
Pakistan

SBP, ECP submit reports on release of election fund in Supreme Court

  • Central bank allocates funds for polls but has sought the finance ministry’s nod to release the amount
Published April 18, 2023

The Election Commission of Pakistan (ECP) and the State Bank of Pakistan (SBP) on Tuesday submitted their respective reports to the Supreme Court (SC) regarding the release of Rs21 billion for polls in Punjab and Khyber Pakhtunkhwa, Aaj News reported.

A three-member Supreme Court bench comprising Chief Justice of Pakistan (CJP) Umar Ata Bandial, Justice Ijazul Ahsan, and Justice Munib Akhtar ordered the government to release funds in an April 4 verdict.

The apex court had ordered the government to provide Rs21bn to the ECP to conduct elections in Punjab and Khyber Pakhtunkhwa by April 10, and directed the ECP to provide a report on whether or not the government complied with the order on April 11. However, the government referred the matter to Parliament which defied the court’s orders and refused to issue the funds.

Last week, the ECP submitted a report to the Supreme Court in a sealed envelope about the non-provision of funds from the government.

Subsequently, the court had directed the SBP to release funds worth Rs21bn for elections from Account No I — a principal component of the Federal Cons¬olidated Fund worth Rs1.39 trillion — and send an “appropriate communication” to this effect to the finance ministry by April 17.

Following the top court’s orders, the central bank on Monday allocated the funds and sought the finance ministry’s nod to release the amount.

Approval of the government is required to release the amount from the FCF while the government has to get the National Assembly’s approval for its release. But the same day, the coalition government managed through the NA the rejection of its own demand for the provision of Rs21bn as a supplementary grant to the ECP for holding polls in the two provinces.

Speaker Raja Pervaiz Ashraf put the motion before the house for a voice vote after it was moved by Law Minister Azam Nazeer Tarar on behalf of Finance Minister Ishaq Dar through a supplementary agenda.

Comments

Comments are closed.

Parvez Apr 18, 2023 05:52pm
Parliament and government....in clear violation of the Constitution.......but why ?
thumb_up Recommended (0)