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The current study proposes a new framework for quantifying and monitoring the severity of meteorological drought. The proposed framework consists of three phases. The first phase of the framework uses K-component Gaussian Mixture Distribution (GMD) in the computation. The second phase is mainly based on the dissimilarity matrix-based clustering using C-index and Monte Carlo Feature-based Selection (MCFS) method. The third phase uses the Markov chain, transition probabilities and a non-homogeneous Poisson process under the Bayesian estimation. The Relative Importance (RI) values are used to choose appropriate stations. The Deviance Information Criteria (DIC) is used to check model suitability, and Root Mean Square Error (RMSE) is utilized for determining model performance. The proposed framework is validated to the 52 meteorological stations in Pakistan for 49 years from 1968 to 2016. Moreover, the outcomes of the current analysis provide insight to quantify and monitor meteorological drought comprehensively and accurately.