Senior Superintendent of Peshawar police Saeed said two men are in critical condition, but did not confirm any deaths.
"It seems the target was Malik Taj," police officer Tahir Ayub told AFP.
"The bomb was apparently planted in a car which was totally destroyed," Shah told AFP from the scene.
Initial reports from the police suggest that the explosion took place when a remote-controlled bomb was detonated near the Malik Taj market located near the tribal region of Jamrud. Authorities have confirmed that the owner of the market was injured in the attack.
The injured persons have been rushed to a nearby hospital and police have cordoned off the area.
The state television reported that the blast took place near the car of Malik Taj.
This area has been targeted by militants in the past when Nato tankers have been set on fire. Shops in the area have also been targeted when Improvised Explosive Devices (IEDs) have been placed and detonated. There is also a police checkpost in the area, which is a sensitive target for militants.
The market is usually crowded with people who visit the area to shop for daily commodities.
Last week, there was a string of minor explosions in various commercial areas in Peshawar on separate days which left dozens of people injured.
The bomb attacks contradict city police chief Imtiaz Altaf’s assertions that the law and order situation in the city had been brought under control.
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Easy to blame the Taliban even if blast is on account of Personal Vendetta.
Initial reports from the police suggest that the explosion took place when a remote-controlled bomb was detonated near the Malik Taj market located near the tribal region of Jamrud. Its a good way to fool people to take the area for being near to Tribal Region of Jamrud .. when infact its WALKING distance from Hayatabad Town (a posh area of Peshawar where house prices are same as in ISB). I am from this area and one can reach Malik Taj Market (Karkhano Market) after a mere 20 minutes walked from Hayatabad and around 10 minutes drive from Peshawar University. Although, there was a gun fight at these market between the owners in 1990s too so one cannot blame this one on Taliban maybe. @Shayan: It seems you were against Musharraf's action in RM ? What did you support Mr Aziz in a burqa as Prime Minister of Pakistan? That would be classic example of treating men & women equally I must agree.
Consequences of musharrafs red mosque debacle
Does Inqalab of Imran khan says anything about Terrorism? When PTI is going start Civil disobedience movement against terrorist? Or Inqalab is silent when it comes to Terrorists?
Today is not friday so why a blast?