• About us
  • Contact us
Wednesday, June 7, 2023
No 1 epaper in Sri Lanka
  • News
  • Politics
  • Sports
  • Foreign
  • Entertainment
  • Business
  • Political Analysis
  • Inside Politics
  • EPAPERPDF
  • සිංහලSINHALA
No Result
View All Result
  • News
  • Politics
  • Sports
  • Foreign
  • Entertainment
  • Business
  • Political Analysis
  • Inside Politics
  • EPAPERPDF
  • සිංහලSINHALA
No Result
View All Result
Mawratanews.lk | Sri Lanka Latest Sinhala News and Headlines
No Result
View All Result
Home News

Pakistan’s top court directs central bank to issue funds for snap polls

April 16, 2023
in News
A A
Pakistan’s top court directs central bank to issue funds for snap polls

Pakistan’s Supreme Court on Friday directed the central bank to issue funds for provincial snap polls, a court order said, a day after parliament ruled against provision of the money, deepening a discord between the judiciary and the government amid months of economic and political turmoil.

Chief Justice Umar Ata Bandial had summoned officials from the finance ministry, the central bank and the Election Commision of Pakistan (ECP) to his chamber on Friday to seek a reply on the funds, warning that non-compliance would have consequences.

The parliament had on Thursday ruled it wasn’t possible to spare 21 billion rupees ($74.79 million) in funds for the snap polls, which the court had ordered.

The court order seen by Reuters said the chief justice directed the central bank’s acting governor and the finance ministry to coordinate and “forthwith allocate and release” the money from federal consolidated funds no later than April 17.

“All this must be done at the earliest and at the absolute latest not later than the close of business on Monday,” the order said, adding this should also be confirmed to the ECP.

It ordered the central bank and the finance ministry to file back a compliance report by Tuesday. It added: “We may also note that this order shall be deemed sufficient authority for all purposes for the authorization of the expenditures.”

The top judiciary and the government have been locked in a standoff at a time when Pakistan faces soaring inflation and an acute balance of payments crisis as talks with the IMF to secure $1.1 billion in funding, part of a $6.5 billion bailout package agreed to in 2019, have so far yielded no results.

Prime Minister Shehbaz Sharif’s government says it is not economically viable to hold snap elections, in two provinces where former leader Imran Khan had dissolved the local governments this year, ahead of a general election due in October.

Voting is constitutionally mandated within 90 days of the dissolution of a legislative assembly.

The court had ordered snap polls in the most populated Punjab province to be held on May 14, and said a date could be agreed later for the northwestern Khyber Pakhtunkhwa province, pending some technical issues.

Source: yahoo news

Share50Tweet32SendShare13
Previous Post

Minister of State for Finance Mr. Ranjith Siambalapitiya has been hospitalized in a car accident a few moments ago.

Next Post

Pakistan’s Chief Justice summons CB and Finance Ministry officials and warns them of the consequences if election funds are not released as ordered by the court!

MORE NEWS

Five more people who spoke out against Natasha’s arrest will be charged with contempt of court I Sri Lanka Latest News
News

Five more people who spoke out against Natasha’s arrest will be charged with contempt of court I Sri Lanka Latest News

June 7, 2023
Gajendran gets bail in Kilinochchi! I Sri Lanka Latest News
News

Gajendran gets bail in Kilinochchi! I Sri Lanka Latest News

June 7, 2023
Sagala addresses Asia’s premier security summit in Singapore! Talks about security cooperation in the Indian Ocean region I Sri Lanka Latest News
News

Sagala addresses Asia’s premier security summit in Singapore! Talks about security cooperation in the Indian Ocean region I Sri Lanka Latest News

June 7, 2023
Diana Gamage not arrested;  MP Kumar Ponnambalam arrested; Law applies differently to Government and opposition MPs- Thushara Idunil I Sri Lanka Latest News
News

Diana Gamage not arrested; MP Kumar Ponnambalam arrested; Law applies differently to Government and opposition MPs- Thushara Idunil I Sri Lanka Latest News

June 7, 2023
Treasury Department Deputy Assistant Secretary Holds High Level MeetingsFocused on U.S. Economic Engagement and Support I SriLanka Latest News
News

Treasury Department Deputy Assistant Secretary Holds High Level MeetingsFocused on U.S. Economic Engagement and Support I SriLanka Latest News

June 7, 2023
‘Hot Money’ through 25% interest temporarily appreciate the rupee, but the drop in return will be significant – Cabral I Sri Lanka Latest News
News

‘Hot Money’ through 25% interest temporarily appreciate the rupee, but the drop in return will be significant – Cabral I Sri Lanka Latest News

June 7, 2023
Load More
Leave Comment

Free Newsletter

Register for our weekly epaper for latest news updates.

MORE NEWS

Five more people who spoke out against Natasha’s arrest will be charged with contempt of court I Sri Lanka Latest News
News

Five more people who spoke out against Natasha’s arrest will be charged with contempt of court I Sri Lanka Latest News

June 7, 2023

It is reported that five people who commented on the arrest...

Read more
Gajendran gets bail in Kilinochchi! I Sri Lanka Latest News

Gajendran gets bail in Kilinochchi! I Sri Lanka Latest News

June 7, 2023
Sagala addresses Asia’s premier security summit in Singapore! Talks about security cooperation in the Indian Ocean region I Sri Lanka Latest News

Sagala addresses Asia’s premier security summit in Singapore! Talks about security cooperation in the Indian Ocean region I Sri Lanka Latest News

June 7, 2023
Diana Gamage not arrested;  MP Kumar Ponnambalam arrested; Law applies differently to Government and opposition MPs- Thushara Idunil I Sri Lanka Latest News

Diana Gamage not arrested; MP Kumar Ponnambalam arrested; Law applies differently to Government and opposition MPs- Thushara Idunil I Sri Lanka Latest News

June 7, 2023
Treasury Department Deputy Assistant Secretary Holds High Level MeetingsFocused on U.S. Economic Engagement and Support I SriLanka Latest News

Treasury Department Deputy Assistant Secretary Holds High Level MeetingsFocused on U.S. Economic Engagement and Support I SriLanka Latest News

June 7, 2023
‘Hot Money’ through 25% interest temporarily appreciate the rupee, but the drop in return will be significant – Cabral I Sri Lanka Latest News

‘Hot Money’ through 25% interest temporarily appreciate the rupee, but the drop in return will be significant – Cabral I Sri Lanka Latest News

June 7, 2023
Load More

One of the best Sri Lanka Latest News Website and Sinhala language newspaper with Sunday editions, published by Free Media Independent Networks Pvt Ltd.

Browse by Category

  • Business
  • Entertainment
  • Foreign
  • Gurudawa
  • My Serendib
  • News
  • Politics
  • Rajya Rahas
  • Sports
  • Uncategorized

Latest news

Five more people who spoke out against Natasha’s arrest will be charged with contempt of court I Sri Lanka Latest News

Five more people who spoke out against Natasha’s arrest will be charged with contempt of court I Sri Lanka Latest News

June 7, 2023
Gajendran gets bail in Kilinochchi! I Sri Lanka Latest News

Gajendran gets bail in Kilinochchi! I Sri Lanka Latest News

June 7, 2023

Free Newsletter

Register for our weekly epaper for latest news updates.
  • About us
  • Contact us

Copyright © 2019 -2021 Free Media Independent Networks Pvt Ltd, All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Sports
  • Foreign
  • Entertainment
  • Business
  • Political Analysis
  • Inside Politics
  • EPAPER
  • සිංහල

Copyright © 2019 -2021 Free Media Independent Networks Pvt Ltd, All Rights Reserved.

Go to mobile version