KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
RAWALPINDI: AML chief Sheikh Rashid said Monday that PPP Co-chairman Asif Ali Zardari “buried” PMLN — after the party suffered a humiliating defeat in the Punjab by-elections.
“The funeral of PMLN’s [politics] took place; Zardari has buried the party, and now, Maulana Fazlur Rehman should offer prayers for them,” Rashid, who is an ally of the PTI, said while addressing a press conference.
Referring to the “landslide victory” of PTI in the hotly-contested by-polls, Rashid said that it was a “laboratory test” and the nation gave its verdict in favour of PTI Chairman Imran Khan. “It has been proved today that Imran Khan’s narrative has reached every home,” he said and doubled down on the demand of dissolving the assemblies this week — and holding snap polls.
“Shehbaz Sharif has become the PM of just Capital Development Authority (CDA),” Rashid said in a jibe at PM Shehbaz. He also noted that the PTI could have won the fourth seat in Lahore if it had taken a better decision — as the party managed to secure three out of constituencies.
The former interior minister who wanted the establishment to stay away from the by-polls also said that the establishment gained respect due to yesterday’s free, fair and transparent by-elections.
PTI grabbed 15 of the total 20 seats in the Punjab by-polls, while PML-N won four seats and the remaining one seat went to an independent candidate. Before the by-polls, the PTI and PMLQ had already jointly attained the strength of 173 (163 of PTI and 10 of PML-Q).
Now, with 15 additional seats, this strength has reached 188 whereas the figure for the simple majority stands at 186. This means the PTI and PML-Q have crossed that landmark. One independent MPA will likely be part of the new ruling coalition.
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