The country’s biggest assembly, the Punjab Assembly has been dissolved following the denial of Governor Balighur Rehman. Seems that political parties are only concerned with their face value and not paying heed to the deteriorating economy of the country.
The bourses at Pakistan Stock Exchange (PSX) slumped with the KSE-100 index losing 366.73 points to fall to 40,437.16 points on Friday, the last business day of the week. The jittery situation is alarming as despite a promissory pledge of $4 billion from the UAE and Saudi Arabia, the market is not responding favourably. This entails a formal dissection of thoughts to ascertain what ails the economy, and how sooner political stability can be ushered in to save the mosaic from plummeting to new lows.
After the dissolution of the Punjab Assembly, As per sources, if the assembly is dissolved on completion of the constitutional period then the elections will be held in 60 days, while in case of premature dissolution, polls would be held within 90 days.
After the dissolution of the assembly, the chief minister will write a letter to the leader of the opposition for the caretaker government to the Election Commission of Pakistan (ECP) with the recommendation of two names for the caretaker chief minister from both sides.
If both sides fail to reach a consensus on the chief minister’s appointment within three days, the matter will go to the parliamentary committee, sources added.
The parliamentary committee will also have a 3-day deadline, and if the parties fail to resolve the issue in the parliamentary committee, the matter will be referred to the Election Commission of Pakistan (ECP).
The Chief Election Commissioner will advise the government within 2 days, according to the sources.
PTI chief Imran Khan is on a hat trick after swinging in two surprises in a day on Thursday — vote of confidence for the Punjab chief minister and subsequent dissolution of the assembly. The third assured wicket in a day to come is of the Khyber-Pakhtunkhwa Assembly.
The politicians of the country are proving that political preference is more important to them than the economic revival of Pakistan which is equally beneficial to all.
