Politics

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

Published

1 year ago

Farwa

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.”

Latest News

Today, IHC will hear Qureshi, the founder of PTI,’s arguments against his conviction in the CCI case.

Published

13 hours ago

Farwa

The PTI founder and Shah Mehmood Qureshi will appeal their convictions in the cipher case to the Islamabad High Court today (Tuesday).

The hearing will be conducted by a division bench that consists of Justice Miangul Hassan Aurangzeb and Chief Justice Aamir Farooq of the Islamabad High Court.

The attorneys will present their arguments regarding the appeals against the sentencing during the hearing.

However, Bushra Bibi, the wife of the PTI founder, has filed a petition to have her medical examined, and this plea will also be heard today.

Bushra Bibi’s application will be considered by Justice Miangul Hassan Aurangzeb. The petitioner has voiced her concern that the food she was provided was toxic.

Latest News

CM Maryam wants a thorough plan for the development of Murree.

Published

13 hours ago

Farwa

While co-chairing a meeting with party leader Nawaz Sharif, Punjab Chief Minister Maryam Nawaz Sharif asked for a detailed strategy for the development of Murree.

To maintain cleanliness and protect the environment, the chief minister ordered a ban on plastic use in Murree and other popular tourist destinations.

She inspected a possible location in Murree for the building of a cutting-edge hospital. In addition to looking for a plan for the upkeep and filtration of the current water scheme, she gave her general approval to a water supply project that would carry water from the Jhelum River to Murree.

During the discussion, a prohibition on cars entering Murree was discussed. Maryam gave the order for the contemporary tram and cable car services to begin operating so that parking could be done safely in Murree. During the meeting, a plan to give permit cards to cars entering Murree was also discussed.

The chief minister gave instructions to make sure every building has parking. She gave the order to locate any illegal structures in Murree and to dismantle them right away. Additionally, the ultimate strategy for removing encroachments in Murree was accepted. In addition to banning all unlicensed stands in Murree, it was decided to turn the bus stand back on.

Maryam Nawaz gave the order to turn New Murree, Kotli Sattian, and other nearby places into substitute tourist attractions.

She gave the order to build clean, highway-style restrooms in Murree.

She also gave her approval for the creation of the Parks and Horticulture Authority for Murree, as well as Solid Waste Management.

Latest News

ATC revokes the arrest warrants for Khadija Shah

Published

14 hours ago

Farwa

In relation to the arson case at Jinnah House, the anti-terrorism court issued an arrest order for her.

Judge Arshad Javed issued an arrest order for Khadijah Shah because of his non-appearance in court.

After being granted bail by a local Quetta court, she was released from prison on December 28.

In relation to attacks on Jinnah House, Askari Tower, and setting police cars on fire, she was taken into custody.

In connection with a cybercrime case in which she posted messages on social media to incite people against the army during the May 9 unrest, the Federal Investigation Agency (FIA) also made an arrest of her.