Till 10:40am today, 100-index of Pakistan Stock Exchange has gained 261 points, mounting to 44,163 points. If the Supreme Court gave any reasonable decision today, it will revive a bullish sentiment in the stock market.
Author: Javed Mahmood
Javed Mahmood
I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.
During the hearing on Monday, chief justice said that the court has to see the constitutional status of whatever had happened in the assembly.
Justice Munib Akhtar of the Supreme Court said that speaker of the Assembly has discretion to reject the no-confidence move, but deputy speaker was not in a position to reject the move.
He said, “In violation of the court’s orders, the prime minister and the president have taken extra-constitutional steps and dissolved the parliament.”
Kazib said, “The French identity does not include the Muslim community,” he said. “They never respected us as French people. They want to decide how French we are.”
The PSX benchmark 100-index eroded 1097 points around 10.22 am on Monday and slightly gained as net decline in 100-index stood at 895 till 11.15 am. The stock market has turned volatile today because of a deepening political uncertainty in the wake of dissolution of National Assembly.
CJP noted that a symbolic voting was conducted by the Opposition leaders, highlighting that Ayaz Sadiq conducted the voting on the no-confidence motion against Prime Minister and over 200 members of the assembly voted in favour of the motion.
The DG ISPR’s comments on the ongoing political situation came after President Arif Alvi dissolved the National Assembly on the advice of Prime Minister Imran Khan.