AIRLINK 189.64 Decreased By ▼ -7.01 (-3.56%)
BOP 10.09 Decreased By ▼ -0.05 (-0.49%)
CNERGY 6.68 Decreased By ▼ -0.01 (-0.15%)
FCCL 34.14 Increased By ▲ 1.12 (3.39%)
FFL 17.09 Increased By ▲ 0.44 (2.64%)
FLYNG 23.83 Increased By ▲ 1.38 (6.15%)
HUBC 126.05 Decreased By ▼ -1.24 (-0.97%)
HUMNL 13.79 Decreased By ▼ -0.11 (-0.79%)
KEL 4.77 Increased By ▲ 0.01 (0.21%)
KOSM 6.58 Increased By ▲ 0.21 (3.3%)
MLCF 43.28 Increased By ▲ 1.06 (2.51%)
OGDC 224.96 Increased By ▲ 11.93 (5.6%)
PACE 7.38 Increased By ▲ 0.37 (5.28%)
PAEL 41.74 Increased By ▲ 0.87 (2.13%)
PIAHCLA 17.19 Increased By ▲ 0.37 (2.2%)
PIBTL 8.41 Increased By ▲ 0.12 (1.45%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 193.09 Increased By ▲ 9.52 (5.19%)
PRL 37.34 Decreased By ▼ -0.93 (-2.43%)
PTC 24.02 Decreased By ▼ -0.05 (-0.21%)
SEARL 94.54 Decreased By ▼ -0.57 (-0.6%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.93 Decreased By ▼ -0.38 (-0.94%)
SYM 17.77 Decreased By ▼ -0.44 (-2.42%)
TELE 8.66 Decreased By ▼ -0.07 (-0.8%)
TPLP 12.39 Increased By ▲ 0.18 (1.47%)
TRG 62.65 Decreased By ▼ -1.71 (-2.66%)
WAVESAPP 10.28 Decreased By ▼ -0.16 (-1.53%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
YOUW 3.97 Decreased By ▼ -0.03 (-0.75%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

Government agreed on Monday to reinstate Iftikhar Chaudhry as chief justice to defuse a political crisis and end a street agitation that was threatening to turn into violent confrontation, officials said. "Chaudhry will be restored, and there will also be a constitutional package," a government official with knowledge of the deal told Reuters.
President Asif Ali Zardari, who was elected by parliament six months ago, had feared the judge could wage a vendetta against Musharraf that could also threaten his own position.
His retreat on the issue will raise inevitable question marks over his future, while it will enhance the reputation of his chief rival, former prime minister Nawaz Sharif. Several hundred jubilant lawyers and activists gathered outside Chaudhrys Islamabad residence, which he refused to vacate after his dismissal when Musharraf declared emergency rule in a desperate move to extend his presidency for another term. They danced and chanted "Long live the chief justice".
The political crisis gripping the Muslim nation has alarmed the United States and Britain, which fear any slide into chaos would help the Taliban and al Qaeda become stronger in Pakistan.
Western diplomats had tried to make Zardari pull out of a collision that could destabilise the year-old civilian coalition and force a reluctant army chief, General Ashfaq Kayani, to intervene. Zardari finally conceded as the opposition leader and the lawyers held a day of protest in Lahore on Sunday, and set off for Islamabad for the climax of a series of protests they had dubbed "the Long March". To stop them driving into Islamabad, authorities positioned containers and trucks across roads outside the capital.
Paramilitary troops are camped in a city sports complex and deployed at entry points, while, officials say, the army has been put on stand-by.
A senior leader in Sharifs Pakistan Muslim League (Nawaz) (PML-N) party confirmed the breakthrough. "The message we got is that the government has decided to restore chief justice Chaudhry and they are going to announce it shortly," Khawaja Asif told Reuters. "There will be a very comprehensive package," he said.
The government had been offering concessions earlier, but Sharif refused to accept anything less than Chaudhrys restoration. Prime Minister Yousaf Raza Gilani was due to address the nation on state-run television shortly. "The Prime Ministers announcement will only reinforce the governments commitment to reconciliation in accordance with the constitution and the spirit of democracy," said Farahnaz Ispahani, a spokeswoman for Zardaris party.

Copyright Reuters, 2009

Comments

Comments are closed.