ISLAMABAD: Pakistani authorities and the British Embassy say police have arrested a British man who fled to Pakistan in 2016 during his trial in Britain. He was later sentenced to 19 years for raping a child.
Pakistan’s Federal Investigation Agency officials say the arrest was a joint operation by Pakistani officers and Britain’s National Crime Agency last Saturday in the town of Sangla in eastern Punjab province.
The officials spoke on condition of anonymity as they were not authorized to talk to reporters.
The British Embassy identified the man as Choudhry Ikhalaq Hussain, a convicted pedophile. It said Britain had worked closely with Pakistan since 2017 “to secure his arrest and extradition.”
The case will now go to a Pakistani court, which is expected to approve the man’s extradition to Britain.
Pakistan arrests British man who fled 19-year sentence
Pakistan arrests British man who fled 19-year sentence
- British Embassy identified the man as Choudhry Ikhalaq Hussain
- The arrest was made in a joint operation by Pakistani officers and Britain’s National Crime Agency
Pakistan stocks hit all-time high on investor optimism, government policies
- The benchmark KSE-100 index rose by 576.45 points, or 0.33 percent, to close at 174,472.79 points
- The development comes as Pakistan tries to stabilize economy through fiscal reforms, foreign investment
KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday closed at an all-time high of 174,472 points, traders and analysts said, attributing it to investor optimism and favorable government policies.
The benchmark KSE-100 index rose by 576.45 points, or 0.33 percent, to close at 174,472.79 points, compared to Monday’s close of 173,896.34 points, according to the PSX data.
The development comes as Pakistan’s government focuses on stabilizing the economy through fiscal reforms, infrastructure development and investment-friendly policies.
Najeeb Warsi, head of online trading at Foundation Securities Limited, said the stocks were buoyed by the bullish sentiment prevailing in the market.
“The index has delivered over 50 percent returns in the current calendar year, outperforming many global markets,” he told Arab News. “Government polices, economic numbers, listed companies’ growth, all are in positive zone to support index for more growth.”
Tax incentives, streamlined regulations and support for key sectors like energy, technology and manufacturing have boosted investor confidence in the country, according to analysts.
These measures have fueled a bullish sentiment at the PSX, pushing the KSE-100 index to record highs alongside improving growth, rising remittances and controlled inflation.
Pakistan Finance Adviser Khurram Schehzad said this week the PSX has delivered more than 50 percent returns in US dollar terms since Jan 2025, making it one of the best markets in Asia.
The South Asian country’s foreign exchange reserves have also risen past the $21 billion mark, according to the central bank’s latest data.
