Here's an interesting story for those doing business with Pakistan. Apparently broad protests reflecting public dissatisfaction over the suspension of Chief Justice Iftikhar Muhammad Chaudhry has led to violence and massive strikes in Karachi, a city where textile manufacturing is crucial.
Pakistan's The News (edited by: Mir Shakil-ur-Rahman) reports:
Ameen Bundukda, a denim manufacturer, said he and his labourers could not reach
the factory due to frail law and order. Last two days have showed serious lack
of governance. This will cause the investor morale to come down.
Manufacturers-cum-exporters, who were already wary of the judicial crisis, will
have to bear additional air-shipment cost, in case the prolonged strikes bar
them from meeting the deadline of delivery orders.
You can get the macro picture from this ft.com article.
The News Article
Labels: pakistan politics