Obama’s approval rating hits record low.
WASHINGTON: US President Barack Obama's job approval rating has sunk below 40 percent for the first time, according to a new Gallup daily tracking poll.
The survey, made public late Sunday, shows that 39 percent of Americans approve of the president's job performance, while 54 percent disapprove. Both figures are the worst numbers of his presidency, according to US media reports.
Obama's approval rating peaked at 53 percent in the weeks following the death of Al-Qaeda founder Osama bin Laden, who was killed by US special forces in Pakistan in May.
But it has been steadily declining in the wake of economic reports showing anemic growth and Standard & Poor's decision to downgrade the US credit rating. The three-day tracking poll of approximately 1,500 adults was conducted by telephone between August 11-13. It had a margin of error of three percentage points.
Pakistan rated B negative.
Pakistan is considered a higher risk country in the region in terms of ability to meet its financial commitments, both domestic and international, and is rated as not being viable for investment. Pakistan has been rated by Standard & Poor's (S&P) as B- (negative).
An official on condition of anonymity clarified that BBB rating is considered attractive for investment and BB rating is acceptable whether negative or plus, however, countries listed below BB are not considered viable for investment. Investors closely watch S&P's ratings, which are considered an unbiased assessment of macroeconomic indicators as well as future forecasts of sovereign countries.
Factors like political stability, economic indictors including budget deficit and current account deficit and how the deficits are financed by the government of the time are some critical criteria used to rate a sovereign country. Rated as B negative, Pakistan was considered weaker relative to other regional countries in terms of meeting domestic and foreign debt obligations.
Sri Lanka rated as BB negative and B+ (plus) in domestic and foreign rating respectively, which implies that Sri Lanka is not high risk country in terms of domestic rating and is relatively better than Pakistan with B+ (plus) on foreign rating whereas Bangladesh with BB- (negative) is considered acceptable. According to sovereign rating list, India has a BBB rating on both domestic and foreign debt and is considered relatively protected and attractive for foreign investors. S&P rates 126 countries and Bhutan, Nepal and Madives are not rated.
An official on condition of anonymity clarified that BBB rating is considered attractive for investment and BB rating is acceptable whether negative or plus, however, countries listed below BB are not considered viable for investment. Investors closely watch S&P's ratings, which are considered an unbiased assessment of macroeconomic indicators as well as future forecasts of sovereign countries.
Factors like political stability, economic indictors including budget deficit and current account deficit and how the deficits are financed by the government of the time are some critical criteria used to rate a sovereign country. Rated as B negative, Pakistan was considered weaker relative to other regional countries in terms of meeting domestic and foreign debt obligations.
Sri Lanka rated as BB negative and B+ (plus) in domestic and foreign rating respectively, which implies that Sri Lanka is not high risk country in terms of domestic rating and is relatively better than Pakistan with B+ (plus) on foreign rating whereas Bangladesh with BB- (negative) is considered acceptable. According to sovereign rating list, India has a BBB rating on both domestic and foreign debt and is considered relatively protected and attractive for foreign investors. S&P rates 126 countries and Bhutan, Nepal and Madives are not rated.
PAF F-7 fighter plane crashes in Bhakkar
ISLAMABAD – A Pakistani Air Force (PAF) F-7 fighter jet crashed August 15 in the Kalur Kot area of Bhakkar District during a routine training mission, media reported.
Flight Officer Nida, one of a number of female PAF aviators, ejected safely but suffered injuries, Geo News reported.
An unidentified male pilot, who ejected and deployed his parachute, was missing and a search was launched to locate him, media reported.
PAF Headquarters ordered an investigation, media added.
Business News Mon, 15 August 2011
Banks asked to ensure continuous ATMs service
Heavy penalties under the relevant law
Heavy penalties under the relevant law
Asian stocks up as Tokyo gets growth boost
Asia followed a positive end to Wall Street"s week with gains in all the main regional markets giving hope to dealers after a turbulent f
Asia followed a positive end to Wall Street"s week with gains in all the main regional markets giving hope to dealers after a turbulent f
Dollar stable in thin Asian trade
The euro firmed to $1...4295 from $1...4250, and to
The euro firmed to $1...4295 from $1...4250, and to
CNG supply cut off in Multan, Gojranwala, Lahore region
CNG supply will be restored after two and half days closure on Wednesday evening at 6...00 P...M... in this region... The citizens have been forced to run their vehicles on petrol, while th
CNG supply will be restored after two and half days closure on Wednesday evening at 6...00 P...M... in this region... The citizens have been forced to run their vehicles on petrol, while th
Oil higher in Asian trade
New York"s main contract, West Texas Intermediate crude for delivery in September, was up 22 cents to $85...60 a barrel in morning trade... Brent North Sea cr
New York"s main contract, West Texas Intermediate crude for delivery in September, was up 22 cents to $85...60 a barrel in morning trade... Brent North Sea cr
More dangerous times ahead: WB chief
Zoellick said the eurozone"s sovereign debt issues were more troubling than the "medium and long-term" problems which saw the United States
Zoellick said the eurozone"s sovereign debt issues were more troubling than the "medium and long-term" problems which saw the United States
Sugar retail price feared to rise beyond Rs74
Industry sources told that ex-factory sugar price during the last eight days rose by over Rs2...50 in Sindh and Punjab, thereby swelling the ex-factory price in Sindh to Rs71
Industry sources told that ex-factory sugar price during the last eight days rose by over Rs2...50 in Sindh and Punjab, thereby swelling the ex-factory price in Sindh to Rs71
KSE ends flat at weekend
Engro Corp reported a net profit of 3...32 billion rupees ($38...45 million) in the first half of 2011, compared with 3...2billion rupees in the
Engro Corp reported a net profit of 3...32 billion rupees ($38...45 million) in the first half of 2011, compared with 3...2billion rupees in the
Sugar retail price feared to rise beyond Rs74
Industry sources told that ex-factory sugar price during the last eight days rose by over Rs2...50 in Sindh and Punjab, thereby swelling the ex-factory price in Sindh to Rs71
Industry sources told that ex-factory sugar price during the last eight days rose by over Rs2...50 in Sindh and Punjab, thereby swelling the ex-factory price in Sindh to Rs71
SBP injects Rs132 bn to deal with money shortage
Dealers added that after the withdrawal of Rs140 billion due to maturities
BRIEF NEWS:
Ø Kidnapped American ‘not threatened’
Ø 66 Killed in Iraq’s bloodiest day this year
Ø Judicial Commission to probe allegations of Shahbaz: Babar Awan
Ø ECC set to levy Rs 5/Kg on CNG,Rs10/Kg on LPG today
Ø PM pledges all possible help to flood victims
Ø US links Pakistani aid to performance
Mohammed Saleem Mansoori
No comments:
Post a Comment