Rumors of lava flow and formation of a volcano in the remote Aalai valley of Pakistan are on the rise, though the only thing I found on reliable news sites was this Yahoo! News article:
“Pakistan’s army flew a team of geologists to an isolated northwestern valley Tuesday to investigate reports by anxious villagers of possible volcanic activity in the quake-shattered Himalayan foothills…”
According to the following diagram, Pakistan is nowhere near a volcanically active area so the chances of a volcano forming are very small.
The news on TV shows footage of smoking hills and whole mountains that have shifted their place. It is speculated that this is due to trapped gases escaping after the quakes and not volcanic activity. Let’s wait and see.
Aftershocks are continuing after subsiding for a few days, though are less frequent and of a higher magnitude (upto 6.0 on the Richter scale). This seems normal from a scientific point of view, though these aftershocks, combined with the volcano rumors is enough to cause more panic among the general populace.