Asia Top News and Analysis Pakistan

  • Benazir Bhutto

    Buyers hesitantly returned to stocks. But a flight to quality after the murder of Pakistani opposition leader Bhutto kept gold up, while oil also rose.

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    Benazir Bhutto's killing will boost perceived risk in nuclear-armed Pakistan, analysts warned, but some said it was not in itself surprising enough to substantially change investor sentiment.

  • Benazir Bhutto

    Analysts say the shock of the Bhutto news triggered a classic capital flight to assets that are considered safe havens in times of geopolitical stress.

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    Oil rose past $97 a barrel before pulling back to just below that mark Thursday, as U.S. crude stocks fell and geopolitical tension mounted after the killing of Pakistani opposition leader Benazir Bhutto.

  • Pakistan's Election Commission barred former prime minister Nawaz Sharif on Monday from a Jan. 8 general election because of his criminal record but he did not rule out his party's participation in the vote.

  • Pakistan said it would hold a national election by mid-January and President Pervez Musharraf pledged to quit the military after criticism from the United States for imposing emergency rule.

  • Pakistan braced for protests against emergency rule on Monday, while President Pervez Musharraf faced mounting pressure from the United States to hold parliamentary elections in January.

  • Singapore Telecommunications, Southeast Asia's leading telecoms group, agreed to buy a 30% stake in Warid Telecom, Pakistan's No. 3 mobile operator, for $758 million.