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All eyes on President Arif Alvi’s address to joint session of parliament

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  • Under Article 56, president must address Parliament after each general election and first session of the parliamentary year.
  • So far current NA has passed 156 bills, including private members’ bills.
  • After President Alvi’s approval 122 bills of current Parliament have turned into acts.

ISLAMABAD: The last parliamentary year of the current National Assembly will begin today with President Arif Alvi set to address a joint session of parliament, Geo News reported.

Under Article 56’s clause three, the president must address the Parliament after each general election and the first session of the parliamentary year to inform the lawmakers of the “causes of its summons”.

This will be the shortest parliamentary year since it would consist of 310 days, if the NA isn’t dissolved earlier.

President Alvi was to address the joint session on August 14, but due to the apprehensions of the coalition government, the address was postponed.

However, sources informed Geo News that all the matters have been settled after the president’s meeting with Prime Minister Shehbaz Sharif. 

On the other hand, sources told The News that the president is expected to throw light on the performance of the government in the past year, while identifying the goals of for the following year.

This will be the fifth and the last presidential address to the Parliament. 

The first presidential address to the incumbent assembly was made on September 17, 2018, second on September 12, 2019, third on August 20, 2020 and fourth on September 13, 2021. 

NA sources say, so far, a total of 156 bills, including private members bills, have been passed by the incumbent lower house. Of these bills, 10 were passed during the first parliamentary year, 30 during the second parliamentary year, 60 during the third parliamentary year, 54 during the fourth parliamentary year and remaining two during the fifth parliamentary year, which formally started on August 14, 2022.

A total of 122 bills have become Acts after the approval of the president during this tenure.

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Senate Session: Senate Proceeds With Debate On Important National Issues

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Today, the Senate reconvened in the Parliament House in Islamabad, with Chairman Sadiq Sanjrani presiding.

The House has persisted in debating matters of national significance.

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Elections

Government Formation: PML-N & PPP To Hold New Round Of Talks Today

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The Pakistan Peoples Party and the Pakistan Muslim League-Nawaz would begin their second round of negotiations today.

In a casual chat with reporters, PML-N Leader Azam Nazir Tarar stated that the negotiations are progressing well.

Tarar went on to say that some decisions on PPP’s involvement in the Cabinet had already been made.

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Business

Over 600 points are added by PSX in intraday trading.

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Tuesday’s lunchtime trading on the Pakistan Stock Exchange saw favorable activity.

During intraday trading, the benchmark KSE-100 Index increased by 672.08 points, or 1.11%, and was trading at 61131.82 levels.

The KSE-30 Index was trading at 20,558.31 after adding 211.46 points, or 1.04%.

The Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples’ Party (PPP) had another round of discussions for the establishment of a central government the day before the rally in the local stock exchange.

In the meanwhile, Fitch Ratings has issued a warning, stating that the likelihood of default would rise in the event of a drawn-out discussion or the inability to reach an agreement with the International Monetary Fund (IMF).

According to the State Bank of Pakistan, which reported net foreign reserves of $8 billion as of February 9, 2024, up from a low of $2.9 billion on February 3, 2023, Pakistan’s external situation has improved recently.

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