Government to ‘seal’ Punjab CM’s office if Elahi doesn’t take trust vote — interior minister

Punjab Chief Minister Pervaiz Elahi gestures as he speaks during an interview in Lahore, Pakistan, on February 14, 2008. (AFP/File)
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Updated 20 December 2022
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Government to ‘seal’ Punjab CM’s office if Elahi doesn’t take trust vote — interior minister

  • Punjab Governor Baligh-ur-Rehman has asked Elahi to take a trust vote from Punjab Assembly on Wednesday 
  • Under Pakistani constitution, a no-trust motion moved against a CM prevents them from dissolving assembly

ISLAMABAD: Pakistan’s federal government has decided to “seal” the office of Punjab Chief Minister Pervaiz Elahi if he fails to take the vote of confidence from the provincial assembly on Wednesday, local media reported, citing the country’s Interior Minister Rana Sanaullah. 

Punjab Governor Baligh-ur-Rehman, referring to Article 130 (7) of the constitution, on Monday asked CM Elahi to take a vote of confidence from the Punjab Assembly and convened a session of the assembly on Wednesday. 

The development came days after former prime minister Imran Khan announced he would dissolve the Punjab and Khyber Pakhtunkhwa provincial assemblies on December 23 to pressure the government into announcing nationwide snap polls. Elahi’s Pakistan Muslim League-Quaid (PML-Q) party is a key Khan ally in the Punjab province. 

But Punjab Assembly Speaker Sibtain Khan, a member of Khan’s Pakistan Tehreek-e-Insaf (PTI) party, has declared the summoning of the session by the Punjab governor “illegal,” according to local media reports. Under the Pakistani constitution, a no-confidence motion moved against a chief minister prevents them from dissolving the assembly. 

“Punjab CM House will be sealed if Chaudhry Parvez Elahi does not take the vote of confidence or the assembly session does not take place,” Pakistan’s Geo News channel quoted Sanaullah as telling reporters in Lahore on Tuesday. 

Sanaullah said the governor has the power to convene the provincial assembly session and Elahi will have to take the vote even if the provincial assembly session is not held. 

“Elahi will lose the chief ministership if he does not take the trust vote,” he added. 

Khan, who was ousted in a parliamentary no-trust vote in April, has since been campaigning for early elections across the country and agitating against the government of PM Shehbaz Sharif. 

Khan’s PTI party controls two of the country’s four provincial assemblies, while the other two are controlled by his political opponents, who are also in power in the center. The federal government says it will not hold polls before they are due in November 2023. 

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

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


Pakistan regulator says over 21,600 new companies registered in first half of FY26

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Pakistan regulator says over 21,600 new companies registered in first half of FY26

  • This reflects a 29 percent increase compared to the 16,839 companies that were registered during same period last year, says regulator
  • These incorporations contributed $109.5 billion in paid-up capital, says Securities and Exchange Commission of Pakistan report

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said this week it registered over 21,600 new companies in the first half of the current fiscal year, reflecting rising investor confidence and positive economic outlook in the country. 

In a report issued on Jan. 6, the SECP said it registered 21,668 companies in the first six months of the current fiscal year, adding that these incorporations contributed Rs30.7 billion [$109.5 million] in paid-up capital. 

The report said this represented a 29 percent increase compared to the 16,839 companies registered during the same period last year.

“Pakistan’s business landscape continues to demonstrate strong momentum, reflecting rising investor confidence and a positive economic outlook,” the SECP report said. 

The SECP said the latest increase has brought the total number of registered companies in Pakistan to 279,724. It said the top ten sectors by incorporations were led by the IT & e-commerce, with 4,277 companies, followed by trading (2,997 companies), services (2,686 companies) and real estate (2,031 companies). 

“This sectoral diversity highlights expanding entrepreneurial activity, particularly in technology-driven and service-oriented industries,” the report said. 

The SECP said foreign investment also remained “robust” during the period, adding that 524 newly incorporated companies received foreign investment amounting to Rs1.26 billion [$4.5 million] with the participation from 731 foreign investors. 

“China emerged as the leading source, accounting for 71 percent of total inflows,” the SECP said. “It was followed by Afghanistan (8 percent), the United States (2 percent), and the United Kingdom, Germany, South
Africa, South Korea, Norway, Vietnam, Nigeria, and Bangladesh, each contributing 1 percent,” it added. 

The SECP said an additional 11 percent of the investment originated from other countries.