Business News

Criteria met: Pakistan eligible for IBRD funding

ISLAMABAD:  Finance Minister Ishaq Dar said the government’s next target for foreign exchange reserves was billion, in a meeting with World Bank Country Director Rachid Benmessaoud. “Our team has set a new target and that is to take our foreign exchange reserves to billion and we shall make every possible effort to achieve this target,” Dar said. Benmessaud said Pakistan ...

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Marble, granite: Mineral development bank proposed

LAHORE: The Pak-China Joint Chamber of Commerce and Industry (PCJCCI) has proposed the establishment of a mineral development bank supported with a conducive policy to explore the potential of marble and granite sector. PCJCCI President Shah Faisal Afridi said,  “Pakistan has enormous potential to promote exports of marble products as it possesses huge marble and granite reserves of around 350 million ...

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From journalism to Bollywood: Cinema is a fantastic medium, says Basharat Peer

LAHORE:  “I still see myself as a reporter,” said Kashmiri journalist Basharat Peer on Tuesday. Peer was speaking at Faiz Ghar about his experience of writing the script of Bollywood film Haider in collaboration with filmmaker Vishal Bhardwaj. He said opting to become a journalist was the closest thing to writing. Peer said Bhardwaj had approached him as he wanted ...

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Resignation: Khatana bids farewell

LAHORE: Chief Minister Shahbaz Sharif accepted Punjab Advocate General Muhammad Hanif Khatana’s resignation on Wednesday. Khatana had tendered his resignation on Tuesday citing personal reasons. Khatana was appointed an assistant advocate general in 1999 soon after then army chief Pervez Musharraf had taken over. He was later promoted to additional advocate general in 2014 when the Lahore High Court ruled against ...

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Women’s rights: ‘Love can drive out violence’

ISLAMABAD: If there ever was an outspoken person on the issue of patriarchy, violence against women and rape, it’s Kamla Bhasin, a well-known feminist from Delhi. “Violence can only be eradicated through love,” she began while talking to The Express Tribune. On the issue of rape and violence against women, Bhasin said it has effects on women, children and men alike ...

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Never prepared: Seasonal downpour across K-P, FATA leaves eight dead and 40 injured

PESHAWAR / HARIPUR / MINGORA / JAMRUD / BANNU / GILGIT:  At least 10 people died while 38 others were injured as heavy rain and hail lashed various parts of Khyber-Pakhtunkhwa, the Federally Administered Tribal Areas and Gilgit-Baltistan on Wednesday. A control room has been constituted at the Peshawar district administration office to monitor rain-related incidents. Tragedy on repeat Three ...

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Upper House polls: K-P opposition resigned to zero-sum game

PESHAWAR: The Khyber-Pakhtunkhwa legislature’s opposition has failed to reach a settlement over an acceptable distribution of Senate seats amongst its five constituent stakeholders. The final attempts to cut a deal were made on Tuesday night during a meeting of Pakistan Muslim League-Nawaz, Qaumi Watan Party, Pakistan Peoples Party and Awami National Party representatives, with Jamiat Ulema-e-Islam-Fazl leader Maulana Lutfur Rehman in ...

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Dia Mirza slams BJP, RSS members

Chief of Hindu nationalist organisation Rashtriya Swayamsevak Sang (RSS) Mohan Bhagwat’s remarks, questioning the motive behind Mother Teresa’s philanthropic efforts, have spiralled into a full-blown controversy. At the onset of this, Bollywood actor-producer Dia Mirza took to Twitter to lash out at the comments and Bharatiya Janata Party (BJP) member of parliament Meenakshi Lekhi, who jumped to the RSS member’s ...

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Tackling disasters

GULMIT: The 2005 earthquake in Pakistan that struck Kashmir and adjoining areas had a severe impact on the education system, thousands of students and teachers were killed. A large number of schools were destroyed. Most school buildings and educational institutions do not comply with the hazard resistance designs, are poorly constructed, and lack preparedness and response plans. The 2010 floods destroyed ...

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Turkish model faces jail terms for ‘insulting Erdogan’

ANKARA: A former Miss Turkey beauty queen faces up to 4.5 years in prison on charges of insulting President Recep Tayyip Erdogan on social media, the state news agency reported on Wednesday. Turkish prosecutors said an investigation had been launched against model Merve Buyuksarac after Erdogan’s lawyer lodged a complaint in November 2014 against a satirical poem taken from a magazine ...

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