Ex-PM Khan promises ‘roadmap’ to supporters after raid on party president’s house

Former Prime Minister Imran Khan addressed supporters via video link from his residence in Lahore, Pakistan on December 17, 2022. (Photo courtesy: Twitter)
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Updated 29 April 2023
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Ex-PM Khan promises ‘roadmap’ to supporters after raid on party president’s house

  • Anti-corruption and police officials tried to arrest ex-Punjab CM Pervez Elahi from his Lahore residence in an overnight raid
  • Khan’s PTI party questions the timing of the development since it is holding negotiations with the government over next elections

ISLAMABAD: Former prime minister Imran Khan said on Saturday he was going to give a “roadmap” on how to resist the government crackdown against his party following an overnight raid on the residence of ex-Punjab chief minister Chaudhry Pervez Elahi’s residence by anti-corruption and police officials.

Elahi, who dissolved the provincial legislature of Punjab on Khan’s instructions earlier this year to force the government to hold snap polls across the country, was rewarded for his loyalty when Khan appointed him as president of the Pakistan Tehreek-e-Insaf (PTI) party.

The PTI has also expressed its concern over the arrest of other party members in the past and accused the ruling coalition of Prime Minister Shehbaz Sharif of sanctioning custodial torture against them.

The hours-long raid on Elahi’s house in the eastern Lahore city was spearheaded by Punjab’s Anti-Corruption Establishment with the help of police personnel. The former chief minister’s son, Moonis Elahi, announced on Twitter that police had reached his family’s home to arrest his father “in a case for which he got bail today.”




The still image taken from a video recorded on April 28, 2023, shows apolice armored vehicle breaking down the entrance gate of Ex-Punjab Chief Minister Pervaiz Elahi's residence in Lahore, Pakistan. (Photo courtesy: @ShireenMazari1/Twitter)

This also elicited reaction from other PTI leaders.

“Strongly condemn the illegal raid on Pervez Elahi’s home with no respect to the women & family [members] present,” ex-PM Khan said in a Twitter post. “We are seeing the dismantling of democracy in [Pakistan] before our eyes.”

Khan wondered if the state had taken similar action against the Sharifs and Zardaris, now in power, who were tainted by corruption allegations, adding: “Enough is enough. Tomorrow I will give roadmap to our nation on how to stand up against this destruction of our Constitution & democracy.”

The raid in Lahore, which took place as the government and PTI teams started negotiating with each other to reach some political consensus on next elections in the country, ended when the authorities failed to find Elahi at home.

However, PTI vice president Chaudhry Fawad Hussain questioned its timing while maintaining it demonstrated that the government’s negotiating team was not taken seriously by their own people.

“On the one hand, negotiations and on the other arrests? The raid on Chaudhry Pervez Elahi’s residence proves that Ishaq Dar, Saad Rafiq and Azam Tarar have no status in their government. [We] strongly condemn this raid,” he said.

The government and Khan’s party exchanged proposals to break the political impasse on general elections after the second round of talks on Friday. They also agreed to hold their next meeting next week on Tuesday.

 


Pakistan stock market sees 41% rise in investors in 18 months

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Pakistan stock market sees 41% rise in investors in 18 months

  • Pakistan’s stock market has gained momentum at start of year on broad-based institutional buying
  • The rise in the stock market reflects global investors’ confidence in the country, state media says

ISLAMABAD: The Pakistan Stock Exchange has witnessed a 41% increase in the number of investors over the past 18 months, Pakistani state broadcaster reported on Friday.

Pakistani stock market has gained momentum in recent months as broad-based institutional buying across key sectors has reinforced investor confidence even as the country continues to navigate economic reforms under international lending programs.

Around 135,000 new investors have joined the PSX over the last 18 months, the Radio Pakistan broadcaster reported.

“Pakistan’s stock market has emerged as the second-best performing market globally,” the report said. “The rise in the stock market reflects global investors’ confidence in Pakistan’s improved investment environment.”

The development came as the PSX shed a little more than 1,000 points as it closed the weekend session at 184,519 points.

The report said coordinated efforts by Pakistan’s Special Investment Facilitation Council (SIFC) have helped stabilize the country’s economy and investment market, elevating it to prominence at the global level.

“Pakistan’s macroeconomic environment has become an attractive and reliable destination for investment,” it quoted Finance Adviser Khurram Schehzad as saying.

On Wednesday, Pakistani stocks climbed to a fresh all-time high with the benchmark KSE-100 Index crossing the 186,000-point mark for the first time as potential foreign inflows upheld the positive sentiment.