The largest stock exchange of the country KSE crashed 570 points on Tuesday after the Supreme Court of Pakistan ordered to arrest Prime Minister Raja Pervez Ashraf in the Rental Power corruption case.
The KSE-100 Index crashed 570 points following the Supreme Court's orders to arrest Prime Minister Raja Pervez Ashraf in the Rental Power case on Tuesday.
According to details the apex court also ordered arrest of 16 others accused including the prime minister within 24 hours and submit a report (challan) on Wednesday.
The apex court also said that the National Accountability Bureau (NAB) would be responsible if any of the accused fled the country.
The order of the SC has come at a time when Minhaj-ul-Quran chief Tahir-ul-Qadri was leading the Long March in Islamabd to demand electoral reforms.
The participants of the march became jubilant and were seen celebrating chanting slogans of "Congrats," and Long Live the Supreme Court."
The prime minister is accused of taking kickbacks in rental power projects and is also accused of buying property abroad from money earned through corrupt means.
He has been defending his case in the Supreme Court.
The Supreme Court, on March 30, directed NAB to proceed against ministers of water and power from 2006. Following the orders, NAB, on April 20, issued arrest warrants for 33 accused including the chief executive of the country.