Friday, August 10, 2012

The Express Tribune Newsletter: August 11, 2012

Today's Headlines

 

Cheaper borrowing: To spur economy, interest rate slashed to 10.5%

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Farhan Zaheer

The central bank has moved in an effort to stimulate Pakistan's flagging economy. Beating market expectations, the State Bank of Pakistan (SBP) on Friday cut policy rate by 150 basis points (bps) – from 12% to 10.5%.

Scrutiny of accounts: PAC chief warns of filing reference against SC registrar

Our Correspondent

The chairman of the Public Accounts Committee (PAC), Nadeem Afzal Chan, on Friday said his committee could discuss the financial affairs of judges.

Five 737-800s: PIA aircraft lease deal smells foul

Saad Hasan

Pakistan International Airlines (PIA) is leasing five aircraft through a company which does not have any ownership stake in the planes, raising concerns about the deal's transparency.

Confusion galore: Migration suspicion holds up Hindu travellers to India

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Rana Tanveer

After a weary stay of four hours at the Wagah border, over 200 Hindu pilgrims from Jacobabad, allegedly migrating to India, were cleared by the interior ministry to cross over into the neighbouring country.

Business

Power companies: For KESC, the key to profitability is data precision

Farooq Tirmizi

It is the question that is dominating conversations in the nation's largest city: how exactly did the Karachi Electric Supply Company (KESC) manage to return to profitability?

Trade data shows a slow start to new fiscal year

Shahbaz Rana

Exports and imports of the country dropped in July, flashing fresh warning signs about the health of economy and raising doubts about official projections for the current fiscal year.

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Sports

I'm the greatest athlete: Bolt

AFP

Usain Bolt declared himself the greatest athlete of all time after storming to victory in the Olympic Games 200m to seal an unprecedented second successive sprint double.

U19 World Cup: Pakistan look to increase title tally

Fawad Hussain

The ICC U19 World Cup, featuring 16 teams from all around the globe, begins in Australia today, promising to be an action-packed extravaganza.

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Life & Style

I will accompany Imran Khan's peace caravan to Waziristan: Salman Ahmad

Web Desk

Soon after Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan said that he was not afraid of the Taliban and that threats will not deter his plan to march into Waziristan, ex-Junoon guitarist Salman Ahmad tweeted that he will accompany the 'peace caravan'.

Pashto entertainment industry remains resilient despite setbacks

Sher Alam Shinwari

Despite ongoing threats by militants and the blowing up of CD shops in Khyber Pakhtunkhwa, resilient Peshawarites will enjoy 200 Pashto tele-films, stage shows and music albums, along with five new films this Eid.

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Opinion

Befriending India

Tanvir Ahmad Khan

Reversing migration trends

Zahrah Nasir

Ethnicity and religion

Jyoti Malhotra

How a saint is born

Salman Rashid

Remarkable consistency

Amina Jilani

Blogs

Have you been consoled?

Riffat Rashid

The Supreme Court will now decide TV channel content too?

Tazeen Javed

Sri Lankan Premier League: Time for Sri Lanka to shine!

Ghuncha Farooq Khan

Let's paint our flag green, we don't deserve white

Zahra Peer Mohammed 

Poll

Are you satisfied with the Pakistan hockey team's performance at the Olympics?

No (62%, 365 Votes)

Yes (38%, 227 Votes)

Total Voters: 592

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