LAHORE – The Pakistan Tehreek-e-Insaf (PTI) on Wednesday submitted a no-confidence motion against its own Punjab Assembly Deputy Speaker Sardar Dost Muhammad Mazari after he summoned a session to vote for new chief minister in a surprise move.
It all started when Mazari issued a notification to hold the Punjab Assembly session at 7:30 pm today instead of April 16.
Voting for the CM election was originally scheduled for April 3 but it was moved to April 6 due to ruckus in the provincial assembly and the deputy speaker on Tuesday delayed it until April 16.
PML-Q’s Pervaiz Elahi and PML-N’s Hamza Shahbaz Sharif are in the race to become next chief minister after PTI’s Usman Buzdar resigned from the post on the directives of Prime Minister Imran Khan.
Defending his decision to call urgent session of the provincial assembly, he told media that the move was made in light of the Supreme Court’s yesterday proceedings when advocate general Punjab had assured the top court that election for CM Punjab will be held on April 6.
The Mazari’s move has angered PML-Q, which is making efforts to achieve numbers to get Elahi elected as next chief minister after several PTI leaders defected from the party.
PML-Q leader Moonis Elahi said that they will not obey the order of the deputy speaker, adding that the assembly session cannot be held today until a gazette notification is issued in this regard.
Meanwhile, Punjab Assembly secretariat spokesperson also said that the session cannot be held today.
Amid prevailing political uncertainty, a heavy contingent of police has been deployed outside the Assembly to avoid any untoward incident.
Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.
On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.41||36.76|
|New Zealand Dollar||NZD||174.54||176.54|
Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.
On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130.
Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.
Today Gold Price in Pakistan (4 September 2023)
|Lahore||PKR 217,100||PKR 2,565|
|Karachi||PKR 217,100||PKR 2,565|
|Islamabad||PKR 217,100||PKR 2,565|
|Peshawar||PKR 217,100||PKR 2,565|
|Quetta||PKR 217,100||PKR 2,565|
|Sialkot||PKR 217,100||PKR 2,565|
|Attock||PKR 217,100||PKR 2,565|
|Gujranwala||PKR 217,100||PKR 2,565|
|Jehlum||PKR 217,100||PKR 2,565|
|Multan||PKR 217,100||PKR 2,565|
|Bahawalpur||PKR 217,100||PKR 2,565|
|Gujrat||PKR 217,100||PKR 2,565|
|Nawabshah||PKR 217,100||PKR 2,565|
|Chakwal||PKR 217,100||PKR 2,565|
|Hyderabad||PKR 217,100||PKR 2,565|
|Nowshehra||PKR 217,100||PKR 2,565|
|Sargodha||PKR 217,100||PKR 2,565|
|Faisalabad||PKR 217,100||PKR 2,565|
|Mirpur||PKR 217,100||PKR 2,565|