It still needs parliament to ratify emergency rule and guarantee soldiers' immunity from prosecution.
Musharraf's declaration of emergency rule also has strained relations with Bhutto, who shares his secularist, pro-Western views.
But the prime minister firmly dismissed those fears, saying the government had no plans to impose emergency rule.
Aaj and other stations were yanked off the air when President Pervez Musharraf imposed emergency rule last year.
Pervez Musharraf on Tuesday to step down and end emergency rule in Pakistan.
President Musharraf imposed emergency rule in the country on 3 November 2007, weeks after his controversial re-election for a second term.
Sri Lanka has been under emergency rule on-and-off for nearly three decades, most recently since the assassination in August 2005 of Lakshman Kadirgamar, an ethnic-Tamil foreign minister.
The case for which he has been arrested relates to his controversial decision to dismiss judges - including Chief Justice Mohammad Iftikhar Chaudhry - when he imposed emergency rule in 2007.
Negroponte is expected to meet Musharraf and other Pakistani officials over the weekend to convey how seriously the United States views his imposition of emergency rule and will suggest he rescind it, Senior State Department officials told CNN.
Mr Musharraf - who is currently on a lecturing tour abroad - imposed emergency rule on 3 November 2007 when faced with growing challenges to his rule as president and weeks after his controversial re-election for a second term.
The emergency rule, which is in effect for 30 days, will also apply to shares of Wall Street banks, welcome news to companies like Lehman Brothers , shares of which traded down more than 40% last week on rumors about its status as a counter-party.
In September, though, they will see the ECB probably unveil its bond-buying plan and a German constitutional court rule on the ESM emergency mechanism.
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The law does not rule out abortions when a medical emergency threatens the life of a woman.
But are you going to try in a lame-duck Congress to get some sort of emergency spending, or are you going to rule that out?
Some speculated that the declaration of emergency is tied to rumors the court was planning to rule against Musharraf.
The FCC is set to rule Thursday on whether Internet telephone providers should have to automatically link customers to emergency 911 service.
This would obviate the need for capital controls after a few emergency weeks and reassure investors and financiers that laws, not EU-committee caprice, rule in times of crises.
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Mr King did rule out extending the special liquidity scheme, however, which had provided banks with emergency cash at the peak of the financial crisis.
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