“The sum of Rs21bn shall be and become available to and with the election commission in immediately releasable and utilisable funds for the purposes of holding the general elections to the Punjab and K-P assemblies,” the court order read. The court also observed that the required funds could be made available to the ECP “immediately and within a matter of a day”. Referring to it, the judges observed that the SBP acting governor had explained that these amounts constituted the Federal Consolidated Fund. “The amount lying in Account No I (Non-Food) (“Account I”) constitutes by far the largest component of the Fund (being 98.77 per cent thereof as of the date for which the data was provided),” the court order read. Earlier, the AGP submitted on behalf of the government a two-page document to the court detailing the federal coalition’s stance on the matter.


Source:   The Express Tribune
April 16, 2023 12:57 UTC