Hanging tough: Bhutto's hard line may pay off in Karachi
Article Abstract:
Pakistan Prime Minister Benazir Bhutto's approach to the violence wracking Karachi seems to be working, thanks largely to the support she receives from President Farooq Leghari and army chief Gen Abdul Waheed. The Muhajir Qaumi Movement has seen hundreds of its members arrested, important figures killed in shootouts, and arms intercepted by the police and military. Now it wants to resume talks, a good sign that may have helped firm up a deal for a power plant and a deep-water port. Many other problems remain, though.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Proceed with caution: violence in Karachi makes investors wary
Article Abstract:
Violence in industrial center Karachi and Pakistan's inconsistent support for economic reforms are driving out investors and leading international agencies to cut back aid. Moody's Investors Service abruptly cut the debt rating for the country's foreign currency from Ba3 to B1, and several major investors are backing out of their promises, especially in Karachi, wracked by violence, protests, and strikes. Several major electricity projects, however, are going forward, especially outside the city.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Fed up: Karachi magnate slams racketeers, government
Article Abstract:
Farooq Sumar is among the Karachi, Pakistan, business people who are forced to pay protection money and provide goods at no cost to different factions and who receive no protection or help from the implicated police. These business people are starting to question Prime Minister Benazir Bhutto's control of the country which is being harmed by widespread extortion. Already, citizens have joined together to bargain and reduce the protection fees but robberies and death threats continue.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Handling layoffs with care: company severance packages top requirements. Coopers & Lybrand urges retailers to cautiously explore Chinese market
- Abstracts: Chinese airline's application for license in Hong Kong ruffles Cathay's feathers. India rejects plan by Tata and SIA to start airline
- Abstracts: Booking a spec in history: the Architectural Association is celebrating its 150th anniversary this week. Bilbao's interchange of heart
- Abstracts: Plane dealing: Jakarta drives tough bargain in F-16 deal. Turn and burn: Jakarta looks to Russia, not America, for new fighters
- Abstracts: Cleaning house: dissidents arrested in pre-congress clampdown. Unfinished journey: regime has yet to win full sympathy in the south