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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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The PML-N session regarding the Supreme Court’s verdict on reserved seats has been postponed.

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The PML-N session, which was planned for today and involved the party’s leaders, has been postponed. This decision was made as party president Nawaz Sharif engaged in extensive discussions with Prime Minister Shehbaz Sharif and CM Maryam Nawaz on the issue, according to sources.

Consultations were also attended by Deputy Prime Minister Ishaq Dar. According to sources, the group extensively deliberated on all facets of the highest court’s ruling regarding reserved seats.

The party leaders’ scheduled consultation session for today has been postponed due to Muharram.

Nawaz Sharif has personally engaged in consultations with party leaders, conducting meetings with certain individuals and maintaining telephonic communication with others to deliberate on different possibilities about the situation.

PML-N leaders have voiced their concerns with the ruling and have called for a parliamentary response.

According to party insiders, a consultative conference of the PML-N will be called in Lahore in the near future.

According to sources, Shehbaz Sharif would provide a detailed explanation of the future plan to the People’s Party and other partners of his government.

The Pakistan Tehreek-e-Insaf (PTI) achieved a significant legal triumph as the Supreme Court of Pakistan reversed the decision to deny reserved seats to the PTI-supported Sunni Ittehad Council.

The Supreme Court issued a divided ruling with an 8-5 split on a petition filed by the Sunni Ittehad Council (SIC) about the allotment of special seats.

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PTI received unwelcome respite, according to Rana Sanaullah

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In the Sunni Ittehad Council (SIC) reserved seat dispute, the government would respect the majority ruling of the Supreme Court, according to PMLN senior leader and advisor on political affairs Rana Sanaullah Khan.

He stated that after examining the decision, the government’s legal team would react appropriately. According to Rana Sanaullah, the legal team would determine whether or not to submit a review petition.

“SIC petitions were rejected but PTI was given that relief which was neither asked in the petition nor contest during the proceeding,” asserted Rana Sanaullah in response to the ruling.

He argued that because parties established administrations with a simple majority, the PMLN-led unity movement did not have a two-thirds majority.

According to Rana Sanaullah, PTI should challenge election tribunal rulings, with the government carrying out the rulings.

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The membership of Sher Afzal Marwat has been suspended by PTI.

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According to sources, PTI officials convened with imprisoned party founder Imran Khan on Thursday to make a decision over Marwat.

The party authorities alleged that Sher Afzal Marwat had been consistently breaching party discipline over the past month.

“In the meeting with Imran Khan, it was mutually agreed that no leader holds a superior position within the party, and any other leaders who deviate from the party’s stance will face similar consequences,” they stated.

Pakistan Tehreek-e-Insaf has recently issued a show-cause notice to Sher Afzal Marwat due to his irresponsible utterances.

The notice, issued by PTI Secretary General Omar Ayub Khan, requires Marwat to provide an explanation for his utterances within a three-day period. These statements have been considered harmful to the party’s reputation.

The notification declares that making such utterances goes against the party’s code of conduct and contravenes the explicit directives of the party’s founder, Imran Khan, who has underscored the significance of accountable conduct.

Marwat was cautioned that if they fail to react or offer a satisfactory explanation, it could result in additional disciplinary measures.

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