‘Volcano,’ the L.A. Disaster Movie That Boils Over With Unintended Comedy
Tommy Lee Jones and Anne Heche teamed up in their heyday to save Los Angeles from lava in this big-budget 1997 film that defies all logic to fantastic, farcical effect.
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‘Guest House’ actor Khalid Hafeez Khan passes away
The veteran actor was best known for his role as Mr. Shamim in the PTV drama ‘Guest House’ Senior Pakistani television actor Khalid Hafeez passed away early on Monday at 1:30 a.m. in Islamabad. He was widely recognised for his portrayal of Mr. Shamim in the PTV drama series Guest House, which remains one of … Read more
Bangladesh probes India power overpricing
DHAKA: A Bangladesh government committee said on Monday it had found “egregious anomalies” in a billion-dollar cross-border electricity supply deal with Indian conglomerate Adani, providing around 10 percent of the country’s power. Dhaka’s review committee on power deals is investigating contracts agreed during the now-ousted government of Sheikh Hasina, a close ally of India, who … Read more
EU, India conclude major trade deal
NEW DELHI: India and the European Union have finalised a massive free trade deal, Indian government officials said on Monday, about two decades after negotiations were first launched. Facing challenges from China and the United States, Brussels and New Delhi have sought closer ties, producing a pact that is to be unveiled in the Indian … Read more
Karachi walls call for federal, military control as tensions rise after Gul Plaza fire
MQM-P steps up criticism of Sindh govt as security is withdrawn from party leaders KARACHI: Political tensions in Karachi have deepened after wall chalking appeared across several neighbourhoods calling for the city to be placed under federal or military control, following the deadly Gul Plaza fire and a sharp war of words between the MQM-P … Read more
Business community slams SBP for Holding Policy Rate at 10.5%
[ Industry in uproar, says SBP is overly cautious when businesses need single digits for revival, survival State Bank of Pakistan. Photo: File KARACHI: The business and industrial community has reacted sharply to the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 10.5%, terming it a major setback to industrial revival, … Read more
Azerbaijan arrests three over planned attack on foreign embassy in Baku
Suspects had been arrested on charges of ‘preparation for terrorism’ on basis of religious hostility, say authorities An Islamic State terrorist holds a flag with the group’s flag. PHOTO: REUTERS BAKU, AZERBAIJAN: Authorities in Azerbaijan said on Tuesday they had arrested three individuals planning an attack on a foreign embassy in the capital, Baku, at … Read more
IMF growth target in doubt as exports, investment and agriculture lag
[ LAHORE: Growing stress on key economic indicators has intensified doubts about achieving the official growth target for the current fiscal year, as exports, investment and agriculture continue to struggle despite some improvement in macroeconomic conditions. While inflation has shown a notable decline and external accounts appear relatively stable for now, the real economy is … Read more
Bitter cold grips millions in US
NEW YORK: Millions of Americans were facing dangerously cold temperatures on Monday in the wake of a massive winter storm that whipped snow and ice across the country, knocking out power and paralyzing transportation. A frigid, potentially life-threatening Arctic air mass threatened to delay clean-up as municipalities from New Mexico to Maine tried to dig … Read more
Rate held at 10.5% despite macro gains
[ SBP defies rate-cut expectations, cites inflation risks, external vulnerabilities KARACHI: The State Bank of Pakistan (SBP) disappointed the market on Monday by maintaining a status quo on the policy rate, keeping it unchanged at 10.5%, defying widespread expectations of a cut despite painting a rosy picture of Pakistan’s macroeconomic and growth outlook. Investors and … Read more