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Ambassador Jilani says a slow drawdown of American troops from Afghanistan will be positive WASHINGTON: A slowing down in the withdrawal of American troops from Afghanistan would be welcomed in both Kabul and Islamabad, Pakistan’s ambassador to the United States Jalil Abbas Jilani said. He told journalists that Pakistan is shouldering a heavier responsibility in its counterterrorism efforts along the Afghan border amid US drawdown in neighboring Afghanistan. While the number of American troops has decreased in the transition, Pakistan has bolstered its troops presence from 145,000 troops to around 170,000. Speaking at a Christian Science Monitor Breakfast meeting, Ambassador Jilani noted the situation in Afghanistan remains challenging and Pakistans fulfillment of greater responsibility comes despite the fact that the country's army is already stretched to the limit. Any drawdown must take into the ground realities and it should contribute to peace and stability in Afghanistan and we have reason to believe things are proceeding exactly in that direction. At the same time, Ambassador ...

Iran denounces Netanyahu 'lie-spreading' in US speech TEHRAN: Iran denounced as "lie-spreading" a speech Tuesday in which Israeli Prime Minister Benjamin Netanyahu warned the US Congress a nuclear deal being negotiated with Tehran would threaten the world.Foreign ministry spokeswoman Marzieh Afkham, in a statement, denounced as "very repetitious and boring Netanyahu's continuous lie-spreading about the goals and intentions behind Iran's peaceful nuclear programme".In a rousing address to Congress, Netanyahu warned Iran was bent on subjugating and terrorising the Middle East, and that ...

Saudi Arabia ups official oil prices amid signs of stronger demand LONDON/NEW YORK: Saudi Arabia raised the official selling prices (OSPs) for its oil deliveries to Asia and the United States on Tuesday, in the latest signal OPEC's largest exporter is seeing signs of stronger demand.The Kingdom raised all U.S.-bound crude prices by $1 a barrel and hiked extra-light crude oil to Asia by $1.40 a barrel, in a vote of confidence oil demand is growing in two of its biggest markets following the price crash ...

Credit Suisse markets first self-led conduit CMBS since crisis NEW YORK: Credit Suisse has begun marketing a US$1.2bn conduit CMBS deal, its first self-led transaction since the financial crisis which comes as the Swiss bank revives its commercial real estate platform.The bond deal is the first since 2007 to pool commercial real estate loans from Credit Suisse's own publicly-registered shelf and whisper talk is expected Wednesday with pricing either late in the week or next Monday, one banking source said.The deal, called CSAIL 2015-C1, ...

JPMorgan to pay $50mn over improper mortgage practices WASHINGTON: JPMorgan Chase will pay $50 million as part of a national settlement agreement to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices, the Department of Justice said on Tuesday.The settlement includes cash payments, mortgage loan credits and loan forgiveness to more than 25,000 homeowners, the department said in a statement.Between 2011 and 2013, JPMorgan Chase filed more than 50,000 mortgage payment change notices in bankruptcy courts that had not ...

Haqqani ban still under consideration: Jalil Abbas WASHINGTON: A formal announcement on outlawing the Haqqani network, it still under consideration, Pakistan's ambassador to the United States said on Tuesday.Pakistani officials said in January that Islamabad had decided to outlaw the militant group and that a formal announcement would come "within weeks"."These are the kind of issues that are in the works, I would say," Jalil Abbas Jilani said at a Washington media roundtable organized by the Christian Science Monitor newspaper, when asked ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
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Imports $3.859 bln
WeeklyFebruary 26, 2015
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