ISLAMABAD – President Dr. Arif Alvi did not give his assent to Islamabad Capital Territory Local Government (Amendment) Bill, 2022, terming it the government’s trick to delay elections in Islamabad.
On Sunday, the president returned Local Govt reforms bill unsigned. According to a statement issued by the Presidency, Dr. Alvi said he believed the bill would further delay the local government elections.
President Alvi said, “actions of the Federal Government taken in hurry resulted in delaying election process twice, which was anathema to democracy”.
He mentioned that local elections could not be held in Islamabad Capital Territory (ICT) due to the following malafide actions of the Federal Government.
Alvi added that the electoral watchdog had announced the local elections for July 31 of last year after completing the delimitation of 50 Union Councils, and now polling day had to be delayed as the federal government increased UCs from 50 to 101.
... resulting into postponement of elections.— The President of Pakistan (@PresOfPakistan) January 1, 2023
ii) After demarcation of 101 Union Councils, ECP decided to hold elections in ICT on 31st December 2022. Section 2 of current Bill provides for 125 Union Councils in the ICT.
As per Section 3 of the current Bill, the mode of elections of the Mayor and Deputy Mayor has also been changed after the announcement of the schedule of elections, the statement further reads.
The development comes as the Election Commission was unable to comply with the order of the Islamabad High Court for conducting the local government elections in the capital as the government filed intra-court appeals against the verdict.
Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.
On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.
Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.
UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||360||363.5|
|Hong Kong Dollar||HKD||36.46||36.81|
|New Zealand Dollar||NZD||175.89||177.89|
The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.
On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330.
Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.
In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.
|Lahore||PKR 218,500||PKR 2,720|
|Karachi||PKR 218,500||PKR 2,720|
|Islamabad||PKR 218,500||PKR 2,720|
|Peshawar||PKR 218,500||PKR 2,720|
|Quetta||PKR 218,500||PKR 2,720|
|Sialkot||PKR 218,500||PKR 2,720|
|Attock||PKR 218,500||PKR 2,720|
|Gujranwala||PKR 218,500||PKR 2,720|
|Jehlum||PKR 218,500||PKR 2,720|
|Multan||PKR 218,500||PKR 2,720|
|Bahawalpur||PKR 218,500||PKR 2,720|
|Gujrat||PKR 218,500||PKR 2,720|
|Nawabshah||PKR 218,500||PKR 2,720|
|Chakwal||PKR 218,500||PKR 2,720|
|Hyderabad||PKR 218,500||PKR 2,720|
|Nowshehra||PKR 218,500||PKR 2,720|
|Sargodha||PKR 218,500||PKR 2,720|
|Faisalabad||PKR 218,500||PKR 2,720|
|Mirpur||PKR 218,500||PKR 2,720|