Pak MQM party leader Altaf Hussain held in London

KARACHI, June 3 (agencies): The leader of Pakistan's MQM party, Altaf Hussain, has been arrested in London on suspicion of money laundering, reports said Tuesday, sparking panic in his home city of Karachi.
British police said only that a 60-year-old man had been detained at a residential address in northwest London and officers were searching the building.
"Officers have this morning arrested a 60-year-old man on suspicion of money laundering," a statement from the Metropolitan Police said.
Hussain fled Pakistan for Britain in 1992 after a military operation to end ethnic unrest in Karachi and has said his life could be in danger if he returns to Pakistan.
Chaos gripped the Pakistani port city soon after local television broadcast the reports, as people left their workplaces and rushed to stock up on groceries in an anticipation of a prolonged shutdown.
Another report adds: A Pakistan air force fighter plane crashed at a bus terminal on the outskirts of Karachi on Tuesday, killing at least four people and injuring nine, officials said.
The accident happened in the Baldia Town district just west of Karachi, Pakistan's biggest city and commercial hub.
"Both pilots embraced martyrdom in the fighter jet crash today," an air force spokesman said.