More than 400 shops and over 50 vehicles were set on fire by the enraged mob in different parts of the metropolis.
The blast triggered stampede and panic among the participants of the procession. Some unknown armed men also fired shots. Fire broke out after the blast in Karachi, fanning thick smoke into the sky, and people were running in all directions.
[quote name='Mudy' date='29 December 2009 - 05:57 AM' timestamp='1262045948' post='103176']
More than 400 shops and over 50 vehicles were set on fire by the enraged mob in different parts of the metropolis.
The blast triggered stampede and panic among the participants of the procession. Some unknown armed men also fired shots. Fire broke out after the blast in Karachi, fanning thick smoke into the sky, and people were running in all directions.
Quote:The eye-witness said that it seems that some people had already brought petrol and chemical with them as they were waiting for the attack. They systematically first looted the shops and than burnt.
Chairman, Karachi Market Association, said that he have seen mob of 20 to 35 people carrying Petrol canes and some powder they move shop by shop by throwing petrol /powder . ... .. they were trying to cover maximum market area. It was well planned attack on shops.
Quote:Faisal Karim Dadi, member Karachi Chamber, said every build gate and roof top was being guarded by Ranger and Police so how is possible that few men create such situation and left easily?
According to Faisal Karim Dadi,
1. some 3500 shops have been destroyed
2. Around 20,000 people have lost jobs
3. 35 building have been completely destroyed and need to be demolished.
4. Total loss Rs. 25-35 Billion.
Quote:City has a history of sectarian violence. Sippah-e-Sahaba, Sippah-e-Muhammad, Lashkar-e-jhangvi & Tehreek-e- jafriyah ect were involved in such activities, in past, when there was no sign of talibans in Pakistan.
[url="http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/front-page/19-over-10,000-jobs,-rs30bn-lost-to-arson-029-hh-05"]Over 10,000 jobs, Rs30bn lost to arson in Karachi[/url]
Quote:ââ¬ÅOnly those companies or units were compensated which were insured,ââ¬Â he added. It is difficult to predict the impact on the supply of various items, including medicines, plastic, paper and artificial jewellry, to the retail market after the devastation. Traders said that supply would definitely be hit, especially of plastic and medicines.
Quote:He said that although most of the shops were on a pagri basis, the shopkeepers were paying taxes and, therefore, there was no question of coming into the tax net after seeking compensation..
Paki fora
Quote:There are two people I see who benefit from this one is City Govt and the other is owners of those shops who have finally been able to get rid of the tenants of those shops who were paying a rent of Rs10 per month in Bolton Market. <img src='http://www.india-forum.com/forums/public/style_emoticons/<#EMO_DIR#>/biggrin.gif' class='bbc_emoticon' alt='' />
KARACHI: Pakistan has received $1.2 billion from the International Monetary Fund (IMF), the fourth tranche of an emergency loan facility agreed upon last year, the central bank said on Tuesday.
ââ¬ÅWe received $1.2 billion from the IMF on December 28,ââ¬Â State Bank of Pakistan chief spokesman Syed Wasimuddin said.
The IMF increased its loan to Pakistan to $11.3 billion in July under an economic programme first agreed upon in November 2008, to avert a balance of payments crisis.
The IMF had initially provided a $7.6 billion emergency loan package to Pakistan. reuters
The Executive Board of the International Monetary Fund (IMF) today completed the third review of Pakistanââ¬â¢s economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of an amount equivalent to SDR 766.7 million (about US$1.2 billion), [color="#FF0000"]bringing total disbursements under the program to an amount equivalent to SDR 4.17 billion (about US$6.54 billion)[/color]
The Executive Board also approved Pakistanââ¬â¢s request for a waiver for the non-observance of the end-September performance criterion on the ceiling of the overall budget deficit, which was missed by a margin of 0.3 percent of GDP.
The 23-month SBA in an amount equivalent to SDR 5.17 billion (about US$8.11 billion) was approved on November 24, 2008 (see Press Release No. 08/303). On August 7, 2009, the SBA was augmented to an amount equivalent to SDR 7.24 billion ([color="#FF0000"]about US$11.35 billion[/color]) and extended to end 2010 (see Press Release No. 09/281).
[url="http://www.hindustantimes.com/Pak-police-arrests-suicide-bomber-planning-attack-at-Wagah-border/H1-Article1-492268.aspx"]Pak police arrests suicide bomber planning attack at Wagah border[/url]
Quote:Pakistani police on late Wednesday night claimed to have arrested two unidentified men, including a suicide bomber, who were planning to carry out an attack at the Wagah land border post with India.
The other arrested person was the the alleged mastermind of a terrorist attack on a commercial hub in this city that killed over 60 people earlier this month. Special Superintendent of Police (operations) Chaudhry Shafiq Ahmad said the alleged mastermind was arrested along with a suicide bomber near the police training centre at Manawan, which was attacked by terrorists twice this year.
Ahmad, who did not disclose identities of the two arrested men, said the duo were planning to carry out a suicide attack at the Wagah land border post with Amritsar. He said the suicide bomber belonged to South Waziristan tribal region.
[url="http://www.thenews.com.pk/top_story_detail.asp?Id=26382"] ââ¬ËIndia ready for war with China, Pakistanââ¬â¢[/url] <img src='http://www.india-forum.com/forums/public/style_emoticons/<#EMO_DIR#>/laugh.gif' class='bbc_emoticon' alt=':lol:' />
Quote:The petition is filed by Barrister Zafarullah Khan of the Watan Party, Pakistan, against the supply of adulterated packaged milk. He submitted that 80 per cent milk supplied to the market was poisonous and could cause deaths. He said out of 19,718 milk samples collected by the food department in the last five years, almost 17,529 samples were found adulterated. [color="#FF0000"]It meant that almost 80 per cent of the milk consumed by Lahorites was adulterated.[/color]
[url="http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/pakistan/metropolitan/07-karachi-on-strike-to-mourn-ashura-attack-ha-05"]Complete strike against terrorism observed in Karachi[/url]
Quote:The strike that marked the first day of the New Year was called by the Sunni Rehbar Council as a ââ¬Ëgesture of mourningââ¬â¢ and to condemn the violence that followed the blast.
The strike was largely supported by associations of transporters and traders.
Various political parties also backed the strike call. A late-night announcement by the management of the Karachi Stock Exchange and commercial banks to support the strike call by keeping their businesses closed further influenced people to stay indoors.
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