Amid ex-PM Khan threat to dissolve assemblies, no-trust resolution moved against Punjab chief minister

In this file picture, posted on October 26, 2022, shows Pakistan's former Prime Minister Imran Khan (left) greeting Chief Minister of Punjab Parvez Elahi (right). (Photo courtesy: Chaudhry Parvez Elahi/Facebook)
Short Url
Updated 20 December 2022
Follow

Amid ex-PM Khan threat to dissolve assemblies, no-trust resolution moved against Punjab chief minister

  • Under Pakistani constitution, a no-confidence motion moved against a chief minister prevents them from dissolving the assembly
  • Khan has threatened to dissolve Punjab and Khyber Pakhtunkhwa assemblies this month to pressure government into announcing snap polls

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP), two main parties in the ruling coalition, submitted a no-trust resolution against Chief Minister of Punjab Parvez Elahi in the provincial assembly on Monday evening, local media reported.

Last week, former prime minister Imran Khan announced he would dissolve the Punjab and Khyber Pakhtunkhwa legislative assemblies on December 23, 2022, to pressure the government into announcing snap polls.

Khan has campaigned for early elections since being ousted from power in a parliamentary vote in April, heightening political instability in the South Asian nation. His Pakistan Tehreek-e-Insaaf (PTI) party controls two of the country’s four provincial assemblies, while the other two are controlled by his political opponents, who also control the federal government under PM Shehbaz Sharif. The coalition government has said it will not hold polls before they are due in November 2023.

On Monday evening, Punjab Governor Baligh-ur-Rehman, citing Article 130(7) of the constitution, asked CM Elahi to seek a vote of confidence from the Punjab Assembly and convened a session of the assembly on Wednesday, December 21. Elahi’s PML-Q party is a key Khan ally.

“Keeping in view [facts] manifesting serious cracks and evident faults within the ruling coalition in Punjab Assembly, which already carried only a very narrow numerical margin, I, Baligh ur Rehman, Governor of Punjab, am satisfied that Ch. [Parvez] Elahi, the Chief Minister of Punjab, does not command the confidence of the majority of the members of the provincial assembly,” an order issued by the Punjab Governor read.

Under the Pakistani constitution, a no-confidence motion moved against a chief minister prevents them from dissolving the assembly.

Responding to the development, close Khan aide Chaudhry Fawad Hussain said the ruling coalition had submitted a no-trust resolution against Elahi to evade elections.

“The purpose of a vote of no confidence [against CM Elahi] is to escape from the elections,” Chaudhry wrote on Twitter.

“Until yesterday, Rana Sanaullah and Ahsan Iqbal (federal ministers) were asking us to dissolve the assemblies and move toward elections but now they are escaping out of fear, but we will not let that happen,” he said.

Hussain said the no-trust move against Elahi would not succeed, adding that the Punjab CM would dissolve the assembly and the “decision of the nation will be final”.


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
Follow

Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.