ISLAMABAD: A petition has been lodged with the Supreme Court of Pakistan, leveling accusations against President Arif Alvi for allegedly abusing his presidential authority and bringing it into disrepute.
The petitioner has urged the court to either prohibit Arif Alvi from exercising his presidential powers or to oust him from his position. Ghulam Murtaza, the citizen filing the petition, asserted that President Arif Alvi has misappropriated his authoritative role, tarnishing the dignity of the presidential office.
Emphasizing that the president represents the entire nation rather than any specific political party, the petition contended that Arif Alvi has devoted the presidential office to activities aligned with the PTI.
The petition highlighted President Arif Alvi’s alleged unconstitutional actions, asserting that it was the president’s responsibility to announce the date of general elections, a duty he purportedly neglected. The petitioner further claimed that the president failed to ensure the implementation of the Constitution under Article 5. Consequently, the petitioner insisted that President Arif Alvi should be restrained from carrying out his presidential duties, and appropriate measures should be taken against him for violating the Constitution.
The Current Account Deficit Has Dropped To 0.8% In This Fiscal Year: SBP Governor
Meanwhile, Jameel Ahmad, the Governor of the State Bank of Pakistan (SBP), noted a significant drop in the current account deficit from 4.8% to 0.8% during the initial four months of the ongoing financial year.
During his speech at the Pakistan Banking Award ceremony, the SBP chief emphasized the three pivotal objectives outlined in Vision 2028: ensuring economic stability, embracing economic technology advancements, and fostering economic inclusion.
He also highlighted the nation’s confronting challenges, citing the pressing issues of climate change and the rise of cybercrime.
Ahmad underscored that the Vision 2028 policy revolves around three central aspirations: securing economic stability, leveraging economic technology, and promoting economic inclusion.
Earlier, the central bank Governor launched SBP’s strategic plan, SBP Vision 2028, for the period 2023-2028 in a ceremony held today at SBP Karachi, which was attended by the senior management of the Bank.
SBP Vision 2028, the first plan after amendments in the SBP Act, highlights the central bank’s vision, mission, and key goals to be pursued over the next five years. The strategic plan has been developed through a consultative and inclusive process with key stakeholders.
Speaking on the occasion, the Governor SBP highlighted that SBP Vision 2028 represents SBP’s commitment to foster price and financial stability and to contribute to the sustainable economic development of the country.
