The reprieve for Imdad Ali came after a review petition submitted by his lawyers was admitted for hearing.
"The execution has been scheduled for November 2 but now it had been stayed," said Justice Project Pakistan (JPP), an NGO working for rights of prisoners.
The petitioner has asked the court to review its judgment of October 21 in which the Supreme Court had rejected initial petition to halt the execution on the grounds that the convict was suffering from schizophrenia.
JPP said that Ali has been diagnosed with paranoid schizophrenia, and a 2013 medical report stated him to be "insane".
His most recent medical reports in September and October, 2016 found him to be suffering from psychotic symptoms actively and a psychiatrist at the prison has deemed him "a treatment-resistant case".
He was sentenced to death in 2001 over a shooting and has spent 14 years on death row, with 3 years in solitary confinement in the jail hospital due to his schizophrenia.
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