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Pakistan Markets Roiled by End of Coalition Government

Juan Cole 08/28/2008

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Pakistan has had to impose trading limits to stop the slide in its stock market coming off the end of the coalition government.

Investors have been worried about the withdrawal of the Muslim League (N) from the parliamentary coalition with the Pakistan People’s Party.

Meanwhile, Switzerland has dropped its money-laundering investigation of Asaf Ali Zardari, now a candidate for president of Pakistan.

Violence in the Northwest is continuing, and the Pakistani legal establishment continues to protest against the failure to reinstate the supreme court justices dismissed by military dictator Pervez Musharraf.

Aljazeera on the political developments.

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About the Author

Juan Cole is the founder and chief editor of Informed Comment. He is Richard P. Mitchell Professor of History at the University of Michigan He is author of, among many other books, Muhammad: Prophet of Peace amid the Clash of Empires and The Rubaiyat of Omar Khayyam. Follow him on Twitter at @jricole or the Informed Comment Facebook Page

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