Free Trial

A police officer was killed in Pakistan-held Kashmir during protests against price hikes

ISLAMABAD (AP) — A protest against rising costs of food, fuel and utility bills turned violent in Pakistan-controlled Kashmir, leaving a police officer dead and dozens of people injured, officials said Sunday.

Traders in some of the cities in Pakistan-controlled Kashmir pulled their shutters down on Saturday while protesters burned tires to express their anger.

A police officer was killed in Dadyal town, authorities said. Police have detained several demonstrators across Kashmir, which is divided between Pakistan and India.

Chaudhry Anwarul Haq, the prime minister in Pakistan-held Kashmir, said he was ready to consider the demands of the protesters but urged them not to indulge in violence.

Pakistan’s President Asif Ali Zardari on Sunday convened a meeting to discuss how to calm the protests.

Pakistan last year narrowly avoided a default on the payment of foreign debts when International Monetary Fund and several friendly nations came to its rescue by giving it loans. Pakistan’s monthly inflation rate at one point reached over 40%, but authorities say it had come down to 17% ahead of the talks with IMF for a new bailout. Pakistan plans to get at least $6 billion from IMF when it reaches a deal expected in the coming months.

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Buy or Bail? Stock Upgrades and Downgrades
Profit Like Congress: The Stocks They’re Betting On
Cathie Wood’s AMD Buy: Smart Move or Risky Business

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines