Pakistan newly President Arif Alvi inspects a guard of honour after taking oath at the Aiwan-e-Sadr in Islamabad. AFP / PID 
Pakistan newly President Arif Alvi inspects a guard of honour after taking oath at the Aiwan-e-Sadr in Islamabad. AFP / PID 

Twitter fanatic and father of four takes office as Pakistan's new president



Pakistan's new President Arif Alvi was sworn in at a ceremony in Islamabad on Sunday, concluding the country's peaceful transfer of power to its new government after a turbulent election campaign.

His appointment further cements the ruling party's power after controversial polls in July - which was tainted by claims of military meddling and ballot rigging – that saw former cricket champion Imran Khan elected prime minister.

Arif Alvi, a close ally of Mr Khan and one of the founders of Khan's Pakistan Tehreek-e-Insaf (PTI) party, becomes Pakistan's 13th president, replacing Mamnoon Hussain.

A vote this week saw him elected by more than a thousand lawmakers from both houses of parliament and the four provincial assemblies.

Mr Khan and his cabinet attended the ceremony led by Chief Justice Saqib Nisar, along with armed forces chiefs and senior Islamabad-based diplomats.

Mr Alvi swore to "bear true faith and allegiance to Pakistan" and to carry out his duties "in the interest of the sovereignty, integrity, solidarity, well-being and prosperity of Pakistan."

A former dentist, Mr Alvi has been a key confidante of Mr Khan on both party and national issues.

He served as the PTI's secretary general for eight years from 2006, and was elected an MP in the southern megacity of Karachi in 2013, winning re-election in the July vote.

A father of four and enthusiastic Twitter user, Mr Alvi was shot and wounded during a protest against military dictator Ayub Khan in Lahore in 1969. He still has a bullet embedded in his right arm.

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Read more: 

PM Imran Khan sacks economic adviser after pressure from Islamists

Pakistan's apathy tackling terror groups sparks concern in US

Imran Khan under fire for lavish helicopter commute

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The election of the PTI marks the end of decades of rotating leadership between the ousted Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP), punctuated by periods of army rule.

But Khan and his cabinet face a myriad of challenges, including a faltering economy, militant extremism, water shortages and a rapidly growing population negating growth in the developing country.

Pakistani presidents wielded greater power before 2008, when President Asif Ali Zardari, the husband of assassinated premier Benazir Bhutto, took office and devolved most of his powers to prime minister Yousaf Raza Gilani.

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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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