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Standard & Poor’s affirms Pakistan’s ‘B/B’ ratings with stable outlook

ISLAMABAD: The global rating agent Standard & Poor's (S&P) in its report on Monday affirmed Pakistan's 'B' long-term and short-term sovereign credit rating. The outlook for the long-term ratings remains stable. Affirmation of Pakistan's rating reflects that economic prospects remain favourable and external and fiscal metrics of the country will not worsen materially from their current level, reported press information department. Standard & Poor's expect the government of Pakistan to continue its reform…

Oscars draw lowest U.S. audience since 2008 with 32.9 million viewers

LOS ANGELES: ABC's Sunday night broadcast of the Academy Awards hosted by comic Jimmy Kimmel drew the smallest audience since 2008 despite a memorable ending that will go down in history. Some 32.9 million U.S. viewers watched the ceremony, a 4 percent drop from the 2016 Oscars which drew 34.4 million viewers, according to Nielsen data released on Monday by ABC, a unit of Walt Disney Co. The 2008 Oscars averaged 32 million viewers. The awards ceremony went a few minutes past midnight on the East Coast and ended in…