Supreme Court verdict: Tehreek-e-Insaf is happy, the government is confident and the stock exchange is bearish

Supreme Court of Pakistan After the decision of the full court of the specific seats on completion of all stages as per the court order Pakistan Tehreek-e-Insaf (PTI) If they meet, they can become the majority party in the House.

For this reason, in the immediate response from Tehreek-e-Insaf, this decision is being declared as a victory for the party.

According to the data on the party position on the website of the National Assembly, the Sunni Etihad Council has 84 seats, but now that the Supreme Court has reinstated the PTI as a party in the House, all these members of Pakistan Tehreek-e-Insaaf. can be a part of and based on the same number they will get specific seats.

Tehreek-e-Insaf said in a statement on the social media website ‘X’ that PTI was the biggest reality of Pakistan, is the reality and will remain the reality and God willing those who draw red lines on Tehreek-e-Insaf will be destroyed at every opportunity. will have to face.’

Zulfi Bukhari, a central leader of PTI, told Independent Urdu that the verdict pronounced on Friday is very important not only for Tehreek-e-Insaf but also for Pakistan and the rule of law.

Punishment and reward is a system of society, PTI has got the reward as the PTI lawyers fought the case hard. But those who have taken it to this point should also be punished.

“I would say that not only should they demand the resignation of the Chief Election Commissioner, but they should also be prosecuted under criminal provisions.”

Trust of Govt

Federal Law Minister Nazir Tarar said in a news conference that there is no threat to the federal government and there will be no impact on the provincial governments of Punjab, Sindh and Balochistan where the ruling coalition is in power.

“There is no challenge to the government, because the majority of 209 or 208 members are still supporting the government.”

When asked if the government will file a review appeal once morest this decision, Azam Nazir Tarar said that all the decisions of the government are made in the cabinet and it will take the decision.

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Azam Nazir Tarar also appeared to question the Supreme Court’s decision that the PTI got the relief it had not even requested.

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Initial position of the People’s Party, the coalition party of the government

Sharjeel Memon, a leader of the People’s Party and Information Minister of Sindh province, said in a press conference that the decision will create ‘confusion’. He said that ‘law should be followed not by ladles.’

Sharjeel Mamin further said that the judgment reflected ‘good to see’.

Decline in business in Pakistan Stock Exchange

The effects of the situation following the decision of the Supreme Court were also seen on the business in the Pakistan Stock Exchange.

According to data displayed on the stock exchange’s website, the 100 index had touched 80,110 points on Friday morning, but at around 2.30 am, trading fell to 1,272 points, with some improvement later.

The ruling party Pakistan Muslim League (N) wrote in a statement on the fall in the stock exchange, “They want to destabilize Pakistan with such an unconstitutional decision.”

The detailed decision of the Supreme Court is yet to come and the subsequent steps are still to be decided, following which the situation in the House will be more clear.


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2024-07-12 14:40:07

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