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Imran Khan says solution to ‘alarming’ economic condition only one — snap polls

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  • Khan calls on everyone to raise their voice for snap polls.
  • PTI chief warns against deteriorating economic condition.
  • “I have never seen such an alarming situation,” Khan says.

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said Monday that the only solution to the ongoing “alarming” economic condition was holding early elections in the country.

“This might be the biggest economic crisis that this country has ever witnessed […] the media houses that had to inform the people about the ongoing economic crisis aren’t doing their job,” Khan said in an address to the nation via video.

The ex-prime minister said he was not only addressing the nation, but he was also speaking to the institutions as economic deterioration would affect the entire country.

Khan said when the PTI government rolled out the National Security Policy (NSP), it mentioned that despite Soviet Union’s armed forces being the strongest in the world, it could not save the state from collapse due to the economic condition.

The ex-premier said the judiciary should play its role as they will also “be answerable” if the economy further worsens. “Also, I am surprised at the business community’s silence.”

Khan said that amid the ongoing crisis, small and large-scale businesses were the most affected. He added that exports were also declining gradually.

“The business community should ask why aren’t the overseas Pakistanis sending remittances. In our tenure, remittances, textile exports, tax collection, all were at a record high,” he said.

The former prime minister said even farmers were happy as four major crops registered record yields.

“But today, I want to tell all of you that you will be responsible for the destruction of the country if you do not speak up,” the PTI chief said, noting that since the loans are increasing, the rupee-dollar parity is also surging.

Khan said that the rupee would depreciate further as foreign investors were not interested in doing business in Pakistan. The PTI chief said foreign investors aren’t interested as Pakistan’s credit risk rating has moved up to 100%.

“And as there is a difference between the open market and interbank market rate, remittances are reducing.”

“I have never seen such an alarming situation that’s taking place today — no one is ready to invest in Pakistan, there is no economic activity, and loans are also increasing.”

The PTI chief said that the only solution to the crisis is free and fair elections. “I want someone to tell me what the solution to this is. There is no other solution as the country’s economy is linked to political stability.”

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PTI presents seven nominations to Imran Khan for the judicial commission.

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Pakistan Tehreek-e-Insaf (PTI) has proposed seven individuals to its founder, Imran Khan, for consideration as founding members of PTI for membership in the next Judicial Commission.

None of the nominated individuals are attorneys; rather, the roster includes four Members of the National Assembly (MNAs) and three senators.

The proposed MNAs are Umar Ayub, Asad Qaiser, Ali Mohammad Khan, and Aamir Dogar, while the senators are Shibli Faraz, Mohsen Aziz, and Aun Abbas Bapi. Sources suggest that the Judicial Commission will include one opposition member from both the National Assembly and the Senate.

The PTI founder will evaluate and endorse two names from the suggested list, which will then be sent to the Speaker for future actions.

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Miller confirmed that Biden’s administration got a letter from a congressman requesting the release of the PTI founder.

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Following his removal as prime minister in 2022, Khan started a protest movement against a coalition of his enemies led by current Prime Minister Shehbaz Sharif. Since then, he has been in jail since August 2023 and has been involved in hundreds of cases.

In response to ARY News’ question over the congressmen’s letter during a media briefing in Washington on Monday, State Department spokesperson Matthew Miller stated, “We will respond in due course to the members.”

The United States wants to see Pakistan maintain its democracy, Miller stated.

The release of the PTI founder’s wife and sisters was a result of a meeting between the US Deputy Assistant Secretary and a Pakistani government representative in Islamabad, which was further questioned during the press briefing.

“I won’t be addressing that,” Miller said when asked if the United States was involved in their release. Miller did, however, affirm that the conference included the defense of Pakistan’s basic liberties and rights.

Sixty-two members of the US Congress urged President Joe Biden on October 24 to support the release of Imran Khan, the former prime minister of Pakistan, and other political prisoners.

The congressmen, who included well-known Muslim members Rashida Tlaib and Ilhan Omar, said in their letter that the Biden administration should ask Pakistani authorities to guarantee the safety of PTI founder Imran Khan.

They also underlined that US policy should concentrate on Pakistan’s human rights situation and asked that US ambassadors attend the PTI leader’s incarceration.

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A bill pertaining to the number of Supreme Court justices will soon be presented.

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Prime Minister Shehbaz Sharif and Bilawal Bhutto-Zardari, the chairman of the Pakistan People’s Party (PPP), recently met, and the inside story of their conversation has revealed important political developments.

The leaders talked about a variety of constitutional and governance matters, including the proposed 27th Constitutional Amendment, according to sources.

One of the primary outcomes of the conference was the decision to expeditiously introduce a bill in parliament that would increase the number of judges on the Supreme Court. Immediately after it is introduced in parliament, this law is expected to be approved in a matter of days.

In addition, the recently ratified 26th Constitutional Amendment was discussed, with particular attention paid to creating a system for the establishment of constitutional benches at the federal and provincial levels. The formation of constitutional benches would be the subject of formal meetings, they agreed.

Furthermore, the leaders examined the pending measure concerning the Muttahida Qaumi Movement’s (MQM) municipal authority, which has been sent to the appropriate committee for additional assessment.

They also discussed the implementation of an agreement on Punjabi issues between the PPP and the Pakistan Muslim League-Nawaz (PML-N). According to sources, the conference also discussed the status of an agreement over fund release and administrative jobs in Punjab.

Bilawal Bhutto was reassured by Prime Minister Shehbaz Sharif that the federal government would continue to support continued development initiatives in Sindh.

PM Sharif and Bilawal met on Sunday at the premier’s Model Town home in Lahore, where they talked about the newly ratified 26th Constitutional Amendment and pledged to support Pakistan’s parliamentary system and democracy.

As a historic step, Bilawal Bhutto celebrated the 26th Constitutional Amendment’s adoption during the meeting. He said: “We will work together to strengthen democracy and parliament.”

In agreement, Shehbaz credited the amendment’s accomplishment to the combined efforts of all coalition members. He promised that his commitment to the people would not falter and reiterated his commitment to public service.

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