NA once again rejected release of funds to the Election Commission

ISLAMABAD, Apr 17,2023- The National Assembly once again rejected the release of funds to the Election Commission of Pakistan for holding the elections in Punjab and KP.

The National Assembly rejected the release of Rs 21 billion funds to the Election Commission by majority vote.

The report of the Standing Committee on Finance was presented in the National Assembly on the issue of the Supreme Court’s order to release 21 billion rupees to the State Bank for elections in the two provinces.

The report was presented by the Chairman of the Standing Committee on Finance, Qaiser Ahmed Sheikh. The National Assembly approved the report of the Standing Committee.

Law Minister Azam Nazir Tarar had moved to approve the report, the standing committee had recommended not to release funds without the approval of the National Assembly.

Speaking in the National Assembly, the Minister for Law Nazir Tarar said that two judges separated in the case that started with the notice itself, four judges rejected the petition.

The Law Minister said that a decision was taken to hold an election to please a single person.

Azam Nazir Tarar said that the Supreme Court had ordered the State Bank to withdraw money from the Consolidated Fund. Today, the Standing Committee on Finance considered the matter sent the matter to the Federal Cabinet and the Standing Committee.

State Bank expresses its inability to release direct funds

The State Bank has expressed its inability to release direct funds for the elections in Punjab on the order of the Supreme Court

Acting State Bank Governor Seema Kamal has said that the funds have been kept on the court order but they cannot be released.

Briefing the meeting of the Standing Committee on Finance of the National Assembly, Seema Kamal said that the money kept on the court order will remain in the account, we do not have the authority to release this money.

The Supreme Court ordered the State Bank to release direct funds of Rs 21 billion to the Election Commission for the elections in Punjab.