Unofficial results reveal that Arshad was ahead of his rival candidate by over 740 votes, while his vote count is said to be 1,710.
Cheema was behind him with 1,007 votes, indicating victory for Arshad.
A total of 39 candidates contested the election for 11 different slots and there was one-on-one contest between presidential slot.
Mehar Tanveer Iftikhar, Asad Ali, Ijaz Basra, Chaudhry Fawad Ramey and Rana Naeem contested for two seats of vice presidents.
Moreover, Rana Kausar Ali, Syed Mujtaba Kazmi, Mian Asif were also vying for vice president seat of Model Town.
Rana Manzoor Ahmed, Syed Zahid Hamdani, Irfan Khichi, Aziz Bhatti, Muhammad Sindhu, and Mian Sakhawat stood for vice president seat from Cantt courts.
Annual vote: Tough contest expected in LBA polls today
Furthermore, there were eight contesters namely Rana Kashif Saleem, Malik Sohail Murshad, Chaudhry Qadir Nawaz, M Azeem, Asif Chohan, Abid Hafeez, Faraz and Maqsood Khokhar for the two seats of secretaries.
For one seat of joint secretary, Tayaba Mumarik, Makhdoom Shah, Ch Tehseen Tahir and Usman Bhatti were in the field.
Also, for one seat of finance secretary, the contesters Shabnam Bano, Razia Sultana, Raja Numan and Imtiaz Gujjar were contesting.
Interestingly, it was for the first time that biometric machines were used for electoral process.
According to chairman election board, 5,136 voters exercised their right to vote. As many as 7,300 voters got themselves registered for biometric process, although the total voters of the bar are over 18,000.
The polling started at 10am and continued till 5:30pm with no untoward incident reported.
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