Karachi port is the main gateway for Western military supplies bound for Afghanistan and serious insecurity could disrupt shipments and pile pressure on the government.
While the violence has been confined to targeted tit-for-tat shootings, there are fears street clashes could erupt in the country's commercial hub, which is home to its main port and financial markets.
The country's main stock exchange has ignored the violence but analysts say any escalation is likely to hurt the fragile market.
The violence in the city of 16 million people is between Karachi's dominant political force, the Muttahida Qaumi Movement (MQM), and a breakaway faction known as the Mohajir Qaumi Movement, or Haqiqi group, as they vie for influence.
Karachi police chief Waseem Ahmed told Reuters that 26 people had been killed in targeted attacks this month up to Sunday, with most of the dead members of the breakaway faction. Other police officials said five people were killed on Monday.
"Karachi is totally anarchic at the moment as there is a serious command and control problem in the political factions," said Mutahir Ahmed, a professor of international relations at the University of Karachi.
Stock analysts say investors are getting used to daily violence in the northwest, although fighting in the Swat valley northwest of Islamabad has unnerved the market over recent weeks.
But violence in Karachi has a more direct impact.
"If the trouble escalates, that could potentially be the last nail in the coffin for our market," said Sajid Bhanji, a dealer at brokers Arif Habib Ltd.
The index, which has gained about 18 percent this year after losing 58.3 percent in 2008, was slightly up on Monday morning.
Showing posts with label Karachi Political News. Show all posts
Showing posts with label Karachi Political News. Show all posts
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commentsSix suicide bombers held in Karachi
KARACHI: The Criminal Investigation Department (CID) of Sindh, with the collaboration of intelligence agencies, has foiled a terrorist plot and arrested seven terrorists, including six suicide bombers belonging to the Lashkar-i-Jhangvi and the Tehrik-e-Taliban Pakistan (TTP), here on Sunday.
The police have recovered three suicide jackets, explosive material, Kalashnikovs, TT pistols, gas masks, heroin, remote control devices, batteries, ball-bearings, electric wires and hundreds of rounds. SSP Muhammad Fayyaz Khan said the CID had received information about the presence of some terrorists in Karachi who were hiding in a house situated in Defence View.The CID, along with personnel of intelligence agencies, conducted a raid late on Saturday night at the house and arrested Mohammed Aziz alias Salman Amir, Mohammed Shahzad alias Pehlwan alias Muna alias Ustad, Ghulam Mohammed alias Umar, Shahbaz alias Mian, Khalid Ahmed Toori (brother of Qasim Toori), Alam Zaib alias Huzefa and Shakeel Ahmed alias Hunzeela.
During a search operation, three suicide jackets, 15 kilogramme of explosives material, four Kalashnikovs, four TT pistols, two gasmasks, two kilogramme of heroin, four electronic remote controls use in bomb blasts, four batteries used in suicide jackets, more than five kilogramme of ball-bearings, electric water of different types and over 200 rounds were recovered. The accused were taken to the investigation unit of the CID.
During the investigation, the accused disclosed that their accomplices were present in Waziristan and Chaman. They were sent to Karachi for fund generation and terrorist acts on government and military installations and officers.
Recently, a huge consignment of arms and explosives, transported by their groups to Karachi for terrorist acts, was recovered by the police in a raid. The suspects disclosed that they had been trying to export heroin to South Africa.
It was further disclosed that they had agents in Malaysia, Singapore, China, United Arab Emirates, Europe and the US, and they use to export heroin to these countries in the form of capsules and through other methods.
The terrorists informed the investigators that a part of the money they collect through the sale of heroin in Karachi was being sent to Taliban Commander Maulvi Abdul Samad in Quetta, Gul Badin in Chaman while the remaining amount was given to the families of their arrested activists.
It was disclosed that they were trained at a camp in South Waziristan and Afghanistan. Khalil Ahmed Toori is the brother of Qasim Toori (Amir of Jundullah) while accused Shahzad alias Muna alias Pehlwan is an expert in making suicide jackets and bombs. He was also involved in attempts on former president Pervez Musharraf and former prime minister Shaukat Aziz.
The police have recovered three suicide jackets, explosive material, Kalashnikovs, TT pistols, gas masks, heroin, remote control devices, batteries, ball-bearings, electric wires and hundreds of rounds. SSP Muhammad Fayyaz Khan said the CID had received information about the presence of some terrorists in Karachi who were hiding in a house situated in Defence View.The CID, along with personnel of intelligence agencies, conducted a raid late on Saturday night at the house and arrested Mohammed Aziz alias Salman Amir, Mohammed Shahzad alias Pehlwan alias Muna alias Ustad, Ghulam Mohammed alias Umar, Shahbaz alias Mian, Khalid Ahmed Toori (brother of Qasim Toori), Alam Zaib alias Huzefa and Shakeel Ahmed alias Hunzeela.
During a search operation, three suicide jackets, 15 kilogramme of explosives material, four Kalashnikovs, four TT pistols, two gasmasks, two kilogramme of heroin, four electronic remote controls use in bomb blasts, four batteries used in suicide jackets, more than five kilogramme of ball-bearings, electric water of different types and over 200 rounds were recovered. The accused were taken to the investigation unit of the CID.
During the investigation, the accused disclosed that their accomplices were present in Waziristan and Chaman. They were sent to Karachi for fund generation and terrorist acts on government and military installations and officers.
Recently, a huge consignment of arms and explosives, transported by their groups to Karachi for terrorist acts, was recovered by the police in a raid. The suspects disclosed that they had been trying to export heroin to South Africa.
It was further disclosed that they had agents in Malaysia, Singapore, China, United Arab Emirates, Europe and the US, and they use to export heroin to these countries in the form of capsules and through other methods.
The terrorists informed the investigators that a part of the money they collect through the sale of heroin in Karachi was being sent to Taliban Commander Maulvi Abdul Samad in Quetta, Gul Badin in Chaman while the remaining amount was given to the families of their arrested activists.
It was disclosed that they were trained at a camp in South Waziristan and Afghanistan. Khalil Ahmed Toori is the brother of Qasim Toori (Amir of Jundullah) while accused Shahzad alias Muna alias Pehlwan is an expert in making suicide jackets and bombs. He was also involved in attempts on former president Pervez Musharraf and former prime minister Shaukat Aziz.
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