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Imran Khan de-notified as prime minister of Pakistan

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ISLAMABAD: PTI Chairman Imran Khan has been de-notified as the prime minister of Pakistan, a statement from the Cabinet Division said Sunday after the dissolution of the National Assembly.

But under Article 224 of the Constitution of Pakistan — once a notification is issued — Imran Khan can continue as the prime minister for 15 days till the appointment of a caretaker prime minister.

There there is still, however, no clarity over how a caretaker prime minister will be appointed as the National Assembly has been dissolved —  and the people who appoint the person, Opposition leader in the National Assembly and the premier, are no longer in office.

If Imran Khan continues to be the prime minister for selected days, he will not be empowered to make decisions that an elected head of the government can make.

“Consequent upon dissolution of the National Assembly by the president of Pakistan, in terms of Article 58(1) read with Article 48(1) of the Constitution of the Islamic Republic of Pakistan, vide Ministry of Parliamentary Affairs’ SRO No. 487(1)/2022, dated 3rd April, 2022, Mr Imran Ahmad Khan Niazi ceased to hold the Office of the Prime Minister of Pakistan, with immediate effect,” said the notification from the Cabinet Division.

The de-notification of Imran Khan comes hours after ex-deputy speaker of the NA Qasim Suri abruptly dismissed the no-confidence motion against the PTI chairman and termed it “unconstitutional”, saying that it was backed by “foreign powers”.

Following the dismissal of the no-confidence motion, President Arif Alvi dissolved the National Assembly under Article 58(1) read with Article 48(1) upon the advice of the ex-premier.

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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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