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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 suggests resuming talks with government over judicial commission issue.

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Barrister Gohar, Chairman of the PTI, has claimed that the party’s founder has suspended negotiations, emphasizing that the government should declare the commission within seven days.

He emphasized the PTI’s openness to rethink if the government makes headway and establishes the commission.

Barrister Gohar told the reporters, “Seven days were enough to announce the commission.” We are ready to reconsider, but the government must first announce the commission.”

He stated that the PTI approached the negotiations with an open mind. “The PTI founder has halted the negotiations. “The government had eight laws on their agenda, while we only had two demands,” he stated.

The PTI chairman went on to say that even after seven days, no progress had been made in forming the commission. He encouraged the government to reconsider the decision and proceed with the announcement.

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PTI will declare February 8 to be “Black Day,” sparking protests across the country.

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According to reports, the Pakistan Tehreek-e-Insaf (PTI) intends to hold rallies nationwide on Wednesday in support of its decision to declare February 8, the one-year anniversary of the general elections, a black day.

According to media sources, PTI founder Imran Khan has instructed all party lawmakers—including MPAs and MNAs—to plan and take part in demonstrations in their local communities on February 8 in order to draw attention to their complaints and issues.

In a recent meeting with legal advisors on Wednesday, Imran Khan expressed dissatisfaction with the performance of the party’s Information Secretary Sheikh Waqas Akram. The meeting emphasized the importance of party discipline and gave stern directives to abstain from any criticism of Maulana Fazlur Rehman, the head of the JUI-F.

It has also been suggested that the PTI engage opposition leaders in the demonstrations in order to win their support.

Party insiders revealed that the founder has urged leaders to ensure effective coordination and mobilised efforts in preparation for February 8.

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In 13 cases involving the D-Chowk demonstration, Bushra Bibi granted temporary release until February 7.

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Bushra Bibi, the wife of the PTI chairman, was granted temporary release by the Islamabad Anti-Terrorism Court (ATC) in 13 counts pertaining to the November 26 D-Chowk protest. Judge Tahir Abbas Supra ordered the police to produce all pertinent documentation by February 7 and granted bail against surety bonds of Rs. 5,000 apiece.

Additionally, Bushra Bibi was given temporary release until February 7 in the Rangers’ accident case. During the hearing, Judge Tahir Abbas Supra expressed disappointment over the behavior of the defense counsel on two occasions. Addressing the lawyers, he remarked, “You demand VIP protocol everywhere, but this is not possible. Prepare your files properly before coming to court.”

Three cases at the Secretariat Police Station, two each at the Margalla, Karachi Company, and Ramna Police Stations, and one each at the Tarnol, Kohsar, Aabpara, and Khanna Police Stations are among the numerous charges against Bushra Bibi.

In addition, the judge chastised the defense team for requesting that Bushra Bibi sign and thumbprint blank documents. He said, “The accused must sign and thumbprint the court orders, not blank sheets.”

Bushra Bibi also went to the Islamabad High Court to have her biometrics verified in relation to her appeal to be exonerated in the Toshakhana-II case. On Monday, Bushra Bibi and the PTI chairman submitted their acquittal petitions. After finishing the biometric procedure, she departed right away.

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