Political turmoil deepens as police arrest ex-PM Khan’s party president from Lahore 

The file photo posted on August 14, 2022 shows Chaudhry Parvez Elahi, president of former Pakistani Prime Minister Imran Khan's party, addressing a political rally. (Chaudhry Parvez Elahi/Facebook)
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Updated 01 June 2023
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Political turmoil deepens as police arrest ex-PM Khan’s party president from Lahore 

  • Anti-Corruption Establishment officials arrest Chaudhry Parvez Elahi on corruption charges, confirms official 
  • Elahi’s arrest is part of a wider crackdown against ex-PM Khan’s aides after the countrywide protests of May 9

ISLAMABADA: Former prime minister Imran Khan’s aide and his Pakistan Tehreek-e-Insaf (PTI) party president Chaudhry Parvez Elahi was arrested on Thursday from Lahore by the anti-corruption establishment with the help of police in a corruption case, caretaker information minister of Punjab Amir Mir confirmed. 

Elahi’s arrest is part of a wider crackdown against Khan’s aides and supporters who have been rounded up across the country since the protests of May 9, when angry PTI protesters torched government buildings and ransacked the house of a senior military official. Several leaders including Shah Mahmood Qureshi, Ejaz Chaudhry, Chaudhry Fawad Hussain, Dr. Yasmin Rashid, Maleeka Bokhari and Dr. Shireen Mazari were arrested after the countrywide protests. Several lawmakers and Khan aides who were released from prison have since then publicly parted ways with the former prime minister and quit the PTI. 

Last month, police conducted various raids to arrest the former Punjab chief minister from his residence after he was booked on terror charges. However, they were unable to do so as Elahi was not home. 

“Yes, [Elahi] he has been arrested from the Zahoor Elahi road,” Mir told Geo News over the phone. “He was trying to flee his house when he was arrested,” Mir added. 

Mir said Elahi was wanted by the law, adding that police arrested him after his vehicle was searched at a checkpoint. He said a window of Elahi’s bulletproof car was damaged when police asked to search the vehicle and Elahi refused to open the door. 

In video footage running on Pakistani TV channels, a team of police officials can be seen whisking Elahi away to a vehicle. 

Elahi’s son Moonis Elahi, who is reportedly in Spain, reacted to his father’s arrest by vowing that they would stand firm with Khan despite the crackdown. “It is being said that my father has been arrested in a fake case,” Moonis Elahi wrote. “God willing, we are in PTI and we will remain here.”

Khan’s PTI condemned Elahi’s arrest, describing it as an “absolutely ridiculous” move. “Shameful how the regime doesn’t stop their fascism. The inflation has skyrocketed to 38 percent, and their response is arresting former CM Punjab Parvez Elahi,” the PTI wrote on Twitter. 

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

Khan, who has accused Pakistan’s powerful military and the government of illegally arresting his loyalists, has appealed to rights organizations to condemn the alleged violence against his supporters. Rights organizations, journalists and civil society members have urged the government to refrain from trying Khan’s supporters and aides under military laws, fearing the move would impede civilian supremacy in a country where historically, the military has held sway over important policy matters. 

Political tensions have been high in Pakistan as the government remains adamant on not accepting Khan’s demands to hold elections across the country before October. Historically, Pakistan has held voting on the same day throughout the country. However, Pakistan’s constitution stipulates that polls must be held within 90 days of the dissolution of an assembly before its tenure expires. 

Khan has been piling pressure on the government to hold elections in Punjab and Khyber Pakhtunkhwa provinces, accusing the coalition government of being fearful of certain defeat due to his rising popularity within the masses. The government maintains it is not possible to hold elections on different dates due to security and economic reasons. 
The continuing political turmoil has exacerbated Pakistan’s economic crisis with inflation at record highs, growth is anemic amid fears of a sovereign default on external debts unless the International Monetary Fund (IMF) unlocks delayed disbursements.


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

Updated 01 January 2026
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Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.