HRK Contributes to IndoPak Negotiations, UN Blacklists Pakistani Taliban | July 25 – 29, 2011

By on July 29th, 2011 0 Comments

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Brothers Sachin and Binny Bhansal founded Flipkart in 2007. Image: TechnoFirst

Brothers Sachin and Binny Bhansal founded Flipkart in 2007. Image: TechnoFirst

Life moves fast. News moves faster. Upwards of 90 people suspected of engaging in target killing in Karachi were arrested, according to IG Sindh Wajid Ali Durrani. Target killing has taken the lives of over 50 Karachiites in the past week. He also said peace committees will work to protect against violence in the city (1). Pakistan’s new Foreign Minister, the dashing Hina Rabbani Khar who made headlines this week for her style and looks, met with Indian Minister of External Affairs SM Krishna. Their meeting led to some concessions concerning Kashmir and they also released this statement regarding the outcome of their talks. Many are pleased with the result of this meeting, while others believe simply putting a new player in the game will not make for meaningful changes in Indo-Pak relations (2).

In business news, American carmaker Ford will expand its presence in India with a $1 billion investment in Gujarat in an attempt to increase global sales over 50 percent by 2015. This will be Ford’s second production line in India, which is one of the world’s fastest growing auto markets (3). Indian startup Flipkart is on the up-and-up, having raised “$150 million at a $1 billion valuation, says a report by VC Circle.” The four-year-old online bookstore seems to be mimicking Amazon’s proven model of general e-commerce–interesting, considering that Amazon itself may be moving into India this year. If FlipKart reaches its potential, it is poised to become the first billion dollar startup in India (4).

As of today, Pakistan’s Tehrik-i-Taliban is blacklisted by the United Nations for its links to al Qaeda. As a result, the U.N. will impose financial sanctions and travel bans to limit their terrorist attack capabilities. The US move was cosponsored by Australia, Canada, Britain, France and Pakistan (5).

  1. ‘At Least 90 SuspectedTarget Killers Arrested in Karachi’ [The Express Tribune]
  2. India and Pakistan’s Surprisingly Successful Negotiations [Foreign Policy]
  3. Ford to Open New Unit in India to Boost Market Share [BBC News]
  4. Meet India’s First Billion-Dollar Internet Startup [Business Insider]
  5. U.N. Slaps New Sanctions on Pakistani Taliban, While Courting its Afghan Brethren. [Foreign Policy]

Amina Elahi is Divanee.com’s Managing Editor. She maintains a Tumblr called Fontastic.