Pakistani media personnel gather outside the headquarters of the Muttahida Qaumi Movement (MQM) political party after it was sealed by paramilitary rangers following a raid in Karachi on late 22 August 2016. The MQM aims to represent descendants of Muslims who moved from India to Pakistan after their independence from Britain in 1947. The market seems “off colour” as political uncertainty rises, said Muhammad Rameez, international equity sales trader at Foundation Securities Ltd. in Karachi. The MQM, part of the federal opposition to Sharif’s government, regained power in Karachi in local elections last year. Hussain sought to row back his comments, saying he had been distressed by extra-judicial killings and arrests of party workers.

Source: Mint August 23, 2016 14:15 UTC