Dear Readers,
September has witnessed crucial political and economic developments in Pakistan. One of the most significant political moves has been the government’s attempt to pass a constitutional amendment to reform the judicial system. The proposed amendment addresses concerns about delays in the resolution of cases, aligning with the vision of PML-N President Mian Nawaz Sharif and late Pakistan People’s Party leader Benazir Bhutto. In 2006, the two leaders signed the historic Charter of Democracy, which called for the establishment of a constitutional court as a key reform measure. Now, nearly two decades later, PML-N is actively reaching out to its parliamentary partners to gather wider consultations on the amendment.
Recent judgments that have introduced new constitutional interpretations, seemingly benefitting a specific political party, call for urgent judicial reform. Furthermore, the superior judiciary has, at times, overstepped its role by assuming responsibilities of other constitutional institutions, a clear deviation from the principles of the trichotomy of powers, which dictate the separation of legislative, executive, and judicial functions. This amendment seeks to restore balance and ensure that the judiciary adheres to its defined role within the constitutional framework.
Finally, the need for constitutional reform has also been a longstanding demand of the legal fraternity. Many constitutional matters, entangled with political objectives, have clogged the judicial system, making it difficult for common litigants to access timely justice. A striking imbalance exists, where only 15 per cent of constitutional cases dominate the system, affecting the progress of 85 per cent of other cases. Former Chief Justice Jawad S Khawaja noted in his retirement address that cases can take 25-30 years to reach a final verdict. The PML-N has pledged to establish a strong and effective judicial system that delivers timely justice to the people. The proposed constitutional amendment is a step towards fulfilling the promises outlined in the party’s election manifesto.
Economically, there has been a steady build-up of positive momentum. Falling inflation and a decrease in petroleum prices have led to a reduction in interest rates by the State Bank of Pakistan, providing much-needed relief for the economy. Furthermore, the government’s positive engagements with the International Monetary Fund (IMF) signal the possibility of a new loan agreement that could stabilise Pakistan’s financial landscape further. Amid these developments, the Pakistan Stock Exchange (PSX) has achieved a remarkable feat, being named the world’s best-performing stock market in 2024 by Bloomberg. The benchmark KSE-100 Index surged to an all-time high of 81,459 points, thanks to an influx of foreign investment — amounting to $87 million, the highest since 2014. The PSX’s 30 per cent growth this year demonstrates improving economic fundamentals, increased foreign participation, and the resilience of Pakistani markets.
In the realm of sports, Pakistan’s hockey team gave the nation another reason to celebrate by securing a bronze medal in the Asian Champions Trophy. This was their first podium finish since 2018 reinvigorating pride in the national sport.
Last but not the least, we extend warm wishes to Muslims around the world on the occasion of Eid Milad-un-Nabi. It is a time for us to reflect on the life and teachings of the Prophet Muhammad, strengthen our faith, and promote unity and brotherhood.
Sincerely,
Saira Bano
Editor-in-Chief
