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Hamza Shahbaz takes oath as CM Punjab

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  • Governor Punjab Baligh Ur Rehman administers oath.
  • Hamza Shahbaz won CM Punjab election against Pervez Elahi.
  • The chief minister beat Elahi by three votes to retain post.

Following a dramatic three-vote victory against PML-Q and PTI joint candidate Chaudhry Pervez Elahi, PML-N leader Hamza Shahbaz on Saturday took oath as chief minister of Punjab.

Governor Punjab Baligh Ur Rehman finally administered the oath to Hamza Shahbaz. The oath-taking ceremony took place at Governor House and was attended by PML-N leaders and other government officials.

‘Will continue mission of serving people’

After coming into office, Hamza thanked Allah, the PML-N, coalition parties, particularly naming Asif Ali Zardari and Chaudhry Shujaat Hussain, both of whom he said played a “central role” in “strengthening democracy in the country”.

“InshaAllah we will continue our mission of serving the people,” he said.

Hamza wins by three votes

Hamza Shahbaz, a day prior, retained the post of the Punjab chief minister as Deputy Speaker Dost Mazari, citing Article 63A of the Constitution, rejected 10 votes cast by PML-Q members.

As a result, Hamza received 179 votes, while Elahi, who was backed by the PTI, managed to bag 176 votes.

Petition filed against Mazari’s ruling on CM Punjab poll

After Deputy Speaker Dost Mazari’s ruling on the Punjab Chief Minister’s election about rejecting PML-Q votes, a petition was filed against the CM Punjab election.

Pervez Elahi’s counsel Aamir Saeed Rawn filed the petition in the SC Lahore Registry late at night in which Hamza Shahbaz, Deputy Speaker Dost Mazari and the chief secretary have been made parties.

While talking to the media, Aamir Saeed said Deputy Speaker Dost Mazari had interpreted the SC verdict wrong, therefore, Chief Justice Pakistan (CJP) should take sou motu notice.

Battle for Punjab

The battle for the throne of Punjab has continued since former chief minister Usman Buzdar’s resignation.

After Buzdar, PTI had nominated PML-Q Chaudhry Pervez Elahi, while PML-N and coalition partners in the central supported Hamza Shahbaz for the top slot.

However, On April 16, Hamza Shahbaz had been elected as chief minister with a clean majority but the crisis further deepened in the province as the former governor refused to take the oath.

Later, Hamza moved the Lahore High Court (LHC) and then on April 30, National Assembly Speaker Raja Pervaiz Ashraf administered the oath to Hamza on the directives of the LHC.

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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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