| Business Financial contagion: Asia must be ready to weather the storm Khurram Baig People tend to forget that Asia's much vaunted economic emergence over the past few decades is a re-emergence. Prior to the Industrial Revolution, Asia accounted for 60% of the world economy. That share declined to 15% by 1950, when Japan began post-war reconstruction. The slow downfall of the telecom sector Raja Taimur Hassan The telecom sector in Pakistan is a major contributor to government revenues. During the last decade, Pakistan has made tremendous progress in the telecom industry because of deregulation and privatisation of the sector. Unfortunately, for the past 3 years, unwarranted complacency and vested interests have arrested rapid growth in the telecom industry. _______________________________________________ Sports Tennis: Seven-up Federer shatters Murray's Wimbledon dream Our Correspondents Roger Federer won a record-equalling seventh Wimbledon title and 17th Grand Slam crown on Sunday, shattering Andy Murray's dream of ending Britain's 76-year wait for an All England Club men's champion. 3rd Test: Pakistan hit back after collapse Our Correspondents Young seamer Thisara Perera grabbed a career-best four for 63 as Sri Lanka bowled out Pakistan for 226 on the opening day of the final Test in Pallekele yesterday. Left-arm spinner Rangana Herath chipped in with three wickets after Sri Lanka captain Mahela Jayawardene put the tourists in to bat for the second consecutive match. _______________________________________________ Life & Style Lamha to premier at NYC Fest 2012 Our Correspondents On July 3, Bodhicitta Works, in association with Ice Animations, announced that the world premier of Pakistani feature film Lamha will take place at the annual New York City International Film Festival (NYCIF), being held in Manhattan's Time Square from August 9 to August 16. The Pakistani feature film, produced by Meher Jaffri and Summer Nicks, has been officially selected to screen in a competition taking place at the festival. Flying solo: Nusrat Hussain makes a comeback after 19 years Sher Khan For those of you who don't know who Nusrat Hussain is, here's his claim to fame (and it's a mighty big one!): he has been part of two of the most popular bands in Pakistani history – Vital Signs and Junoon – but went solo in the 90s and released his album "Amrit." _______________________________________________ | 
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