KARACHI: Police have arrested a man for killing a citizen in the eastern Pakistani city of Lahore last week in return for two Umrah tickets and a motorbike, a senior police officer said on Tuesday.
The suspect, Hafiz Usman, was hired by his neighbor, Imtiaz, to kill Muhammad Riaz, Imtiaz’s brother-in-law, according to Deputy Superintendent of Police (DSP) Amir Malik.
Imtiaz had a property dispute with his wife and brother-in-law and he lured Usman into killing Riaz.
“Exploiting Usman’s religious inclinations, Imtiaz offered to send him on an Umrah pilgrimage instead of paying him in cash for committing the murder,” DSP Malik told Arab News.
“As part of the deal, the shooter was supposed to get two Umrah tickets and a motorcycle. Motivated by this offer, Usman killed Muhammad Riaz on January 1.”
Imtiaz had transferred a house to his wife’s name, who had refused to return the property after a domestic disagreement and sought her brother Riaz’s counsel. The disagreement escalated and Imtiaz’s wife left him to stay at her brother’s house, according to the police officer.
Usman already has a criminal record and is a proclaimed offender in a kidnapping and sexual assault case in the Sheikhupura district.
DSP Malik said they managed to arrest the suspect with the help of surveillance footage from Lahore Safe City Project cameras and call data records.
“Efforts are underway to arrest Imtiaz and any other suspects,” he added.
In Nov. last year, police arrested a woman who had stolen 20 tolas of gold, worth Rs5.6 million ($20,250), from her neighbor’s home in the southern port city of Karachi and had gone to perform Umrah pilgrimage, according to local media.
The police later arrested the woman and recovered three tolas of gold and Rs1.5 million ($5,363).
Pakistan police arrest man for killing citizen for Umrah tickets
https://arab.news/5m8c3
Pakistan police arrest man for killing citizen for Umrah tickets
- The shooter was hired by his neighbor to kill his brother-in-law in Lahore last week over a property dispute, police say
- The suspect already has a criminal record and is a proclaimed offender in a kidnapping and sexual assault case in Sheikhupura
Pakistan stock market crosses record 174,000 points during intraday trading
- Pakistan Finance Adviser Khurram Schehzad says stock market’s equity investor base has increased by over 120,000 in last 18 months
- Official says stock market’s record levels reflect growing investor confidence supported by continued macro stability and key reforms
ISLAMABAD: The Pakistan Stock Exchange (PSX) crossed a record 174,000 points on Monday, Finance Adviser Khurram Schehzad said, marking a strong start to the business week.
According to the data available on the PSX’s official website, the KSE-100 benchmark reported 174,411.72 points during the intraday trading on Monday morning.
“Another milestone for Pakistan’s equity market,” Schehzad wrote on social media platform X. “The KSE-100 Index has crossed 174,400 points, marking yet another record high.”
Pointing out the stock market’s achievements this year, Schehzad said the PSX has delivered 50 percent plus returns in US dollar terms to investors since January this year, “making it one of the best markets in Asia.”
He noted that investors’ participation in the PSX is rising fast, adding that the equity investor base has increased by over 120,000 to cross the 450,000 figure in the last 18 months, marking a 37 percent increase.
“These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth,” he said.
Pakistan’s stocks have surged in recent years, marking a strong performance this year as Islamabad moves to consolidate its financial recovery after years of economic turbulence, which saw it on the verge of a sovereign default in June 2023.
Pakistan’s foreign exchange reserves have surged past the $21 billion mark, as per the central bank’s latest data.
In recent years, the South Asian country has also implemented tough structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.
