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Wajid vouches for players’ innocenceSep 03, 2010 LONDON: Pakistan High Commissioner to the United Kingdom Wajid Shamsul Hasan has said the three Pakistani cricketers at the centre of alleged betting scam will defend their innocence as they considered themselves innocents. Speaking to the media outside the Pakistan Mission in Central London on Tuesday following his meeting with Salman Butt, Muhammad Asif and Muhammad Aamer, he said the players will stay in the UK until all the investigations were completed. ... |
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FX reserves up at $16.12bnSep 03, 2010 FX reserves up at $16.12bnKARACHI: Country's foreign exchange reserves rose to $16.12 billion in the week ending on Aug 27 from $16.11 billion a week earlier, the central bank said on Thursday.
Reserves held by the State Bank of Pakistan (SBP) rose to $12.37 billion from $12.35 billion, while those held by commercial banks fell to $3.75 billion from $3.76 billion, said Syed Wasimuddin, the SBP's chief spokesman. Pakistani officials are holding crisis talks in Washington with the IMF focusing on the floods which started in July and the IMF predicted the catastrophe would have a "major and lasting" economic impact. The IMF and Pakistan will release a statement at 1415 GMT on Thursday about the discussions. Pakistan agreed to an $11 billion IMF loan programme in 2008. If the IMF agrees to ease the loan's targets, or extend the repayment period, it would alleviate the government's financial burden. -Reuters ... |
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Aid pledges to date, reach $1bnSep 03, 2010 FO welcomes US ban on TTP
ISLAMABAD: Intern-ational response to Pakistan's floods is gradually gaining momentum and so far pledges of one billion dollars have been secured.
Briefing newsmen here Thursday Foreign Office Spokesman Abdul Basit said Foreign Minister Shah Mehmood Qureshi visited four GCC countries including Oman, Saudi Arabia, Kuwait and Qatar to apprise the leadership of those countries about the relief activities and plans for reconstruction and rehabilitation of flood affected areas. ... |
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Refiners margins slide 1pc QoQSep 03, 2010 Ahmed Siddique
KARACHI: The downward price trend of crude oil has adversely affected the domestic Gross Refinery Margin (GRM) for the month of September, declined 17 per cent MoM to $2.61/bbl. ... |
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Moody’s issues 5 Pak banks’ ratingSep 03, 2010 KARACHI: Moody's investors services on Thursday changed to negative from stable the outlook on the long-term local currency deposit ratings and bank financial strength saving of the following 5 Pakistani banks. ABL (d-/ba3), HBL (d-/ba3), MCB (d/ba2), NBP (d/ba2), and UBL (d-/ba3). At the same time Moody's have affirmed the foreign currency deposits savings of b3/not-prime assigned to these banks. -Agencies ... |
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