Karachi grinds to a halt after fatal blasts
By Syed Fazl-e-Haider KARACHI, Pakistan – Business in Karachi, Pakistan’s commercial capital, ground to a halt at the weekend after at least 33 people were killed and over 100 injured in two explosions on Friday. The city of 18 million people houses the main stock exchange, central bank and offices of multinational corporations. Businessmen warn that Karachi, which contributes about 70% of the country’s tax revenue, is fast becoming a “no-business and no-trade city”, as there is no protection to life and property. Suicide bombings have surged across Pakistan since the army in October launched an offensive against Taliban insurgents … Continue reading Karachi grinds to a halt after fatal blasts
