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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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On Friday, PTI calls for nationwide protests.

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PTI called for a nationwide walkout on Friday (tomorrow) in opposition to the proposed constitutional amendment package, citing its founder Imran Khan’s incarceration as unfair treatment, and demanding access to the jailed leader for attorneys, PTI leaders, and supporters.

Within a meeting, the PTI’s leaders resolved to stage a nationwide protest, the party claimed in a statement released on Wednesday.

In both houses of the parliament, every effort was decided to be made to obstruct the path of modification, according to the statement.

As well as advocate Intizar Hussain Panjotha, Azam Swati, and all other jailed leaders, activists, and members of parliament—including the president of Tehreek-e-Insaf Balochistan—the party’s political committee demanded their release. Aleema and Uzma Khanum are the sisters of PTI founder Imran Khan.

The PTI requested that following Friday prayers, regional organizations stage a nonviolent demonstration at district headquarters.

It argued that the constitutional change is an unacceptable attempt by the administration to distort the Constitution.

In a statement, it was stated that Imran Khan’s release was sought and that both chambers of parliament had decided to do all within their power to obstruct the amendment.

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The National Assembly is expected to assemble on October 18 to approve proposed constitutional modifications.

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It is anticipated that the National Assembly will meet on October 18 or 19 to ratify the proposed 26th constitutional amendment.

The National Assembly Secretariat has reportedly been instructed to get ready for the important gathering, according to sources.

The Pakistan Tehreek-e-Insaf (PTI) has expressed strong opposition to the proposal, which seeks to overhaul the judiciary. The government coalition is pushing through its legislative agenda in spite of this opposition.

In the 342-member National Assembly, the constitutional modification bill needs 224 votes, or a two-thirds majority, to be approved. But with only 215 members, the ruling coalition is now not strong enough to form a majority.

111 members of the Pakistan Muslim League-Nawaz (PML-N), 70 members of the Pakistan Peoples Party (PPP), 22 members of the Muttahida Qaumi Movement (MQM), five members of the Pakistan Muslim League-Quaid (PML-Q), and smaller numbers from other affiliated parties like the National Party, the Balochistan Awami Party (BAP), and the Pakistan Muslim League-Zia make up the breakdown.

Political analysts speculate that the recent verdict by the Supreme Court on Article 63-A, which permits the votes of dissident members, may be crucial in obtaining the necessary majority given the size of the ruling coalition.

To get their support for the amendment, the administration might try to influence PTI-aligned lawmakers.

Maulana Fazlur Rehman, the head of Jamiat Ulema-e-Islam-Fazl (JUI-F), has become a crucial player in this political equation. The backing of his party may be essential to guaranteeing the bill’s passing.

Maulana Fazlur Rehman announced yesterday that the constitutional amendment draft has been agreed upon. In an effort to strengthen his party’s position, he is scheduled to meet with PML-N leader Nawaz Sharif tomorrow and PPP Chairman Bilawal Bhutto Zardari today.

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C’MAN PPP Addresses Ceremony In Karachi: Following The Impact Of Climate Change, The Agriculture Sector Needs To Be Regulated

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Amid the consequences of climate change, the agriculture industry need regulation, according to Pakistan Peoples Party Chairman Bilawal Bhutto Zardari.

According to Bilawal Bhutto, agriculture is the backbone of the nation, as she stated during a ceremony in Karachi.

He claimed that during his first tenure in office, President Asif Ali Zardari moved historic measures to ensure the prosperity of farmers in the nation and supported small-scale farming.

According to Bilawal, the rights of the nation’s farmers and laborers have always been upheld by Shaheed Benazir Bhutto.

He emphasized that the Pakistan People’s Party has consistently supported the rights of the poor and that Shaheed Benazir Bhutto made courageous choices to defend the rights of farmers.

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