Pakistan PM’s party calls on chief justice to resign amid constitutional row 

The undated photo shows Chief justice of Pakistan Umar Ata Bandial. (Photo courtesy: @SupremeCourt_Pk/Twitter)
Short Url
Updated 08 April 2023
Follow

Pakistan PM’s party calls on chief justice to resign amid constitutional row 

  • The development came after Supreme Court Justice Athar Minallah called on the judiciary to exercise ‘extreme restraint’ 
  • Ruling party leader says judges of impeccable repute have raised serious questions on chief justice’s ‘conduct & bias’ 

ISLAMABAD: Prime Minister Shehbaz Sharif’s party on Friday demanded Chief Justice Umar Ata Bandial step down from his post over what it said were “flagrant violations of the law and the constitution,” amid a standoff between the government and the judiciary. 

The development came after Supreme Court Justice Athar Minallah called on the judiciary to exercise “extreme restraint” in entertaining political questions, since a perception of bias on the part of the top court eroded public confidence. 

Justice Minallah was among the four judges who had earlier rejected a suo motu case on elections in Punjab and Khyber Pakhtunkhwa (KP) provinces, but a three-member bench, led by Chief Justice Umar Ata Bandial, later ordered polls in Punjab on May 14. 

The government of PM Sharif has refused to accept the verdict and maintains the three judges who announced it were “biased” against the ruling coalition, leading to a constitutional crisis in the South Asian country already suffering from economic woes. 

“CJP Umar Ata Bandiyal has committed flagrant violations of law & constitution to favor Imran Khan/Pakistan Tehreek-e-Insaf. This blatant abuse of authority has led to an unprecedented revolt-like situation in the Supreme Court of Pakistan,” Maryam Nawaz, chief organizer of PM Sharif’s party, said in a series of tweets. 

“Judges of impeccable repute have raised serious questions on the chief justice’s conduct & bias. No chief justice has ever been accused of such misconduct. His tilt toward PTI is glaring. CJP Bandiyal must RESIGN.” 

The current crisis stems from a delay in elections for the Punjab and Khyber Pakhtunkhwa provincial assemblies, which were dissolved by Khan’s party and allies in January to force early elections nationwide, since Pakista historically holds the provincial and national elections together. 

According to Pakistan’s constitution, elections must be held within 90 days of the dissolution of a legislative assembly. 

The government says it is economically not viable to hold the snap elections in Punjab and Khyber Pakhtunkhwa first and then have another general election this year in October. 

Sharif’s Pakistan Muslim League-Nawaz (PML-N) party accuses the judiciary of “crippling” the government and rendering parliament “worthless,” criticizing the judges for facilitating military dictators who had ousted elected governments in the past. 

“I believe that it is extremely regrettable to destroy everything by crippling the state for the love of a favored one,” Nawaz Sharif, three-time former prime minister and elder brother of PM Sharif, said in a hard-hitting press talk on Tuesday. 

“I understand that a reference should be filed in the Supreme Judicial Council against the judges for the verdict. Today’s decision is a chargesheet against them.” 

The three-time former prime minister urged parliament to “assert” itself in the current constitution crisis. 

A number of top court judges also recused themselves from the election delay case in recent days, casting further doubts on the credibility of the verdict to hold polls in Punjab and KP provinces. 
 


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.