Islamabad, Jan 23 (Agencies): The ruling Pakistan People's Party has vowed to restore normalcy and thus to deal with an "iron hand" with elements responsible for violence in the financial hub of Karachi. Over 30 people have been killed in a fresh spell of ethnic and political violence in the city.

A meeting of the PPP's top leadership jointly chaired by President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani resolved to "deal with those involved in targeted killings with an iron hand without discrimination and to restore normalcy in (Karachi) at all cost," said a   statement issued by the presidential spokesman on Saturday.

Interior Minister Rehman Malik briefed the meeting on the law and order situation and the spate of targeted killings in Karachi.

Karachi has been rocked by months of violence blamed on supporters of the Muttahida Qaumi Movement and the Awami National Party, both partners of the PPP in coalitions at the centre and in Sindh province.

According to an estimate, 1,981 people were killed in Karachi last year, including 1,726 men, 177 women and 78 children. Among them were 763 political activists, Asad contended.

Sunday's meeting of the PPP leadership also discussed the overall political situation and matters related to the party's relations with its coalition partners.

The meeting took serious note of the sacking of over 4,000 employees of the Karachi power utility, a move that has resulted in widespread protests in the city.

The PPP leaders said the sacking of such a large number of employees was against the spirit of the agreement under which the power utility was privatised.

They sought steps to protect the legitimate interests of employees and protect them from arbitrary dismissals.

The meeting appointed a committee to resolve the issue in consultation with the Sindh Chief Minister and the Governor.

The meeting also decided that the expense of building a memorial for slain former premier Benazir Bhutto in Islamabad will be borne by the PPP and will not be met out of public funds.