Business The rise of the Pakistani middle class: Why is the retail sector in Pakistan booming? Farooq Tirmizi It is the paradox that puzzles everybody: the headline numbers indicate an economy in an abysmal state, but everywhere one looks, there are people shopping like there is no tomorrow. How is this possible? An analysis conducted by The Express Tribune reveals a surprising answer: women. Economic dilemma: Excessive govt borrowing shakes public trust Our Correspondents Incessant government borrowing from the central bank to finance the budget deficit is shaking public trust in national economy and eventually leading to financial crisis and pushing the country into debt trap, warns an audit report. _______________________________________________ Sports 3rd Test: Perera's late blitz puts SL on top Our Correspondents Young all-rounder Thisara Perera followed his four wickets on the first day with 75 off 86 balls as Sri Lanka seized control of the final Test against Pakistan in Pallekele. 'Sword still hanging on our heads' Fawad Hussain Despite a two-month extension to implement the 2005 National Sports Policy, the Pakistan Olympics Association (POA) President General Arif Hasan is worried that the international governing body may still take action against the violation of its charter before the London Games. _______________________________________________ Life & Style Lux Style Awards 2012: Glamour's night out Saadia Qamar / Atika Rehman Lights…camera…shine! Its that time of the year again when Pakistan holds its most celebrated awards ceremony, The Lux Style Awards (LSAs) 2012. The end of the road for Lollywood? Sher Khan After the disappointing news that none of the funds from this year's budget were allocated for the film industry, here is another dreary fact: 2012 may just be the year that sees the least number of film releases in the industry's history. According to a source within the film industry, only two or three Lahore-based productions are scheduled to be released this Eid; film-makers have moved from Lahore to greener pastures, leaving the once busy studios silent and empty. _______________________________________________ |