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...brief popularity bump. The Karachi Stock Exchange rose 4%, and the rupee rose marginally against the dollar. But with inflation at 25%, alarming levels of capital flight, soaring costs of food and fuel, and rising unemployment, the economic outlook remains bleak. And as Pakistan-based Taliban become more confident, Islamist militancy is a growing concern...

Author: /time Magazine | Title: In Pakistan, Musharraf Bows Out | 8/18/2008 | See Source »

...time for Pakistanis. The economy is approaching a meltdown, with inflation at 25% and the rupee falling to a record low against the dollar. There is also concern that the longer the controversy over Musharraf's fate goes on, the greater distraction it will prove from the challenges of Islamist militancy. That threat was underscored 10 days ago when fighting broke out in the Bajaur tribal agency along the Afghan border. Pakistani military jets and helicopter gunships have been targeting an estimated 3,000 armed militants in the area. More that 460 militants and 22 troops have been killed...

Author: /time Magazine | Title: Musharraf's Very Long Goodbye | 8/15/2008 | See Source »

...Gaza Palestinian Infighting In the deadliest intra-Palestinian violence in nine months, 11 people were killed in the Gaza Strip on Aug. 2. Eight of them were members of the Hilles clan, a large family of Gazans who found themselves in a three-way crossfire among the Islamist group Hamas, Palestinian President Mahmoud Abbas' Fatah and Israel. The Hilles clan was blamed for a late-July bombing that left five Hamas members and one child dead. Hamas retaliated, and in the ensuing violence, more than 180 people--many of them clan members--fled over the border into Israel, where they...

Author: /time Magazine | Title: The World | 8/7/2008 | See Source »

...arming, funding, training and providing a safe haven in Pakistan to a variety of militant groups fighting the Indian government: Kashmir terrorist groups such as the Hizbul-Mujahideen and Jaish-e-Mohammed; the insurgents in India's northeast such as the United Liberation Front of Assam; and Islamist organizations such as the Jaish-e-Mohammad and Lashkar-e-Toiba, which have been accused of plotting a series of bombings across India over the past five years. Unofficial reports have alleged links between the ISI and the 1993 Mumbai (formerly Bombay) bombings that killed more than 250 people, and Indian officials...

Author: /time Magazine | Title: India Vindicated by Pakistan Charge | 8/1/2008 | See Source »

...Pakistan has been under growing U.S. pressure to rein in the ISI over its alleged links to Islamist militants, and as Gilani boarded his flight to Washington on Saturday, his government suddenly announced that the ISI - Pakistan's premier military intelligence agency - and its civilian counterpart, the Intelligence Bureau, would be placed under the "administrative, financial and operational control" of the Ministry of Interior. Although until now the ISI had been nominally under the administrative control of the Prime Minister, it has throughout its 60 years operated in notorious secrecy and with negligible civilian oversight. "The move would have opened...

Author: /time Magazine | Title: Pakistan's Spies Elude Its Government | 7/31/2008 | See Source »

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