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Economic Outlook for the Month: Every Economic Indicator Is Up: Report

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All economic indicators have improved, and the value of the rupee has stabilized, according to the Finance Ministry’s Monthly Economic Outlook Report.
The report claims that while the value of the rupee has stabilized, State Bank reserves have increased from $8 billion to $11.20 billion.
The first seven months of the fiscal year saw a record increase in both remittances and exports, with the former rising 25.2% from July to January and the latter increasing 9.7% during that time.
While non-tax revenue climbed by 82%, FBR revenue collection increased by 26.2% between July and December.
According to the report, the consumer price index fell from 28.7 to 6.5% and the budget deficit decreased by 36.1%.

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As the cold wave deepens, Pakistan experiences widespread snowfall and heavy rain.

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For the third day in a row, there has been sporadic rain in several parts of the nation, including Rawalpindi and Islamabad. Saidpur received 8 mm of rain, the most ever recorded in the capital. The Meteorological Department predicts that the rainy spell would last until March 1.

Play has been interrupted during the Pakistan vs. Bangladesh match at Rawalpindi Cricket Stadium due to the persistent rain.

Road closures and dangerous travel conditions have resulted from heavy rain and snowfall caused by a powerful westerly wave that has affected northern Pakistan. The Pakistan Meteorological Department (PMD) has issued a warning for Murree, Galliyat, Naran, Kaghan, Dir, Swat, Kohistan, Mansehra, Abbottabad, Shangla, Astore, Hunza, Skardu, Neelum Valley, Bagh, Poonch, and Haveli, where heavy precipitation may cause slippery roads and landslides.

It is recommended that travelers use utmost caution and refrain from needless travel when it is raining and snowing heavily.

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PTI requested additional documents to be submitted in the May 9 judicial commission creation case.

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A five-member constitutional bench led by Justice Amin-ud-Din Khan heard Hamid Khan’s arguments about the petition that PTI founder Imran Khan had filed.

Justice Khan asked the attorney what the petition’s client had asked for. According to Advocate Khan, the petitioner asked for the creation of a judicial commission to look into the May 9 incident. The commission would include the Chief Justice and two senior Supreme Court judges. Another aim, he added, was to prevent civilian trials in military courts.

The plea for civilians to be tried in military courts had already become infructuous, according to Justice Muhammad Ali Mazhar, because a separate case was already pending on the subject.

He questioned the attorney on whether Article 184, Clause 3 of the Constitution could be applied to the question of creating a judicial commission. In response, Advocate Khan stated that although the May 9 occurrence was a national tragedy, no judicial investigation had been conducted.

In the issue concerning civilian trials in military tribunals, Justice Mazhar questioned him about whether he had requested the creation of a judicial panel. Hamid Khan gave a negative response.

The petition stated that hundreds of civilians had been slain on May 9, said Justice Jamal Khan Mandokhail. The justice asked the attorney if they had included the death certificate of any of the people slain with the petition.

He was asked by Justice Khan if any FIRs had been registered or if any private complaints had been made about civilian deaths.

Instead, media reports about the May 9 civilian deaths may have been provided, according to Justice Hassan Azhar Rizvi.

The bench thereafter postponed the hearing indefinitely and gave PTI extra time to present further papers.

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Murree Accidents: Severe Weather Causes Three Deaths and Twelve Injuries

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In Galiyat, a severe hailstorm and snowfall combined with fog-induced vehicle skidding resulted in two distinct accidents that claimed three lives and injured twelve more.

Three people, including the driver, perished instantly in the first incident, and seven more were hurt.

Five people were hurt in the second accident, which happened at Phagwari Dhaka on the Srinagar Road when a car slipped because of heavy rain and fog.

Rescue 1122 emergency personnel swiftly arrived on the scene, recovered the deceased, gave first aid to the injured, and then took the seriously injured to the hospital.

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