A notification was issued to this effect in the early hours of Friday.
"Since CM has refrained from obtaining vote of confidence at the appointed day and time therefore he ceases to hold office. Orders issued this evening," the Governor wrote on his official Twitter handle, posting a copy of the notification.
"Consequent to the facts that Ch Pervaiz Elahi, CM Punjab, refrained from obtaining vote of confidence at 1600 hrs yesterday, in line with an Order under Article 130 (7) of the Constitution of Islamic Republic of Pakistan, issued under my hand on 19th December 2022, in line with Rule 22 (7) of the Rules of Procedures of Provincial Assembly of Punjab, 1997, and that he still has not done so ever after the lapse of another twenty four hours, I am satisfied that he does not command the confidence of the majority of the members of the Punjab Assembly and therefore ceases to hold his office with immediate effect," the notification stated.
According to the notification, the provincial cabinet stands dissolved and the chief minister is asked to continue until a new CM is elected.
Naya Daur Media had broken this story yesterday.
https://twitter.com/nayadaurpk/status/1606028406281347075