CHENNAI: South African spinner Robin Peterson praised his side’s efforts in the field after bowling out England for just 171 in their key World Cup clash on Sunday.

England, who won the toss at the Chidambaram Stadium in Chennai and chose to bat, never properly recovered from a perilous 15 for three, and were bowled out in 45.4 overs.

Peterson, who opened the bowling and took 3-22 from eight overs, said he was “pretty confident” that South Africa could overhaul England’s total and win their third straight match.

“I thought it (the pitch) would be quite nice and come onto the bat and I thought I’d need to change my pace a little bit more but it worked out nicely,” said Peterson, who bowls left-arm orthodox.

“I was quite happy with the way the surface played up front. I think it’s still a pretty good wicket though.”

“I just tried to land the ball in a decent area and spin it as hard as I could. There’s no miracle to what I do. I just try to land the ball and see what happens from there and luckily today it was my time,” he added.

“I think obviously we did well for 50 overs. The bowlers did nicely. We’re relatively satisfied but the game’s 100 overs, unfortunately it’s not for 50 overs, so we’ve got to get off to a good start and give ourselves a base and then see where we are from there.”

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ISLAMABAD: Pakistan’s foreign exchange reserves dropped to $16.103 billion in the week ending May 11 from $16.416 billion the previous week, the central bank said on Thursday.

Reserves held by the State Bank of Pakistan (SBP) fell to $11.784 billion from $11.978 billion a week earlier, while those held by commercial banks dropped to $4.319 billion from $4.438 billion.

Foreign exchange reserves hit a record $18.31 billion in July last year, boosted by inflows of $411 million, including a $191.9 million loan from the World Bank and a $196.8 million loan from the Asian Development Bank.

Higher exports and record remittances have also supported Pakistan’s reserves.

Remittances from Pakistanis overseas rose 20.23 percent to $10.877 billion in the first 10 months of the 2011/12 fiscal year, compared with $9.046 billion in the same period last year.

In April, remittances totalled $1.141 billion.

Pakistan’s reserves have been drained by debt repayments, including $399 million in the week ending Feb. 24 on an $8 billion International Monetary Fund loan.

The next repayment is due by the end of the 2011/12 fiscal year. AGENCIES

ISLAMABAD: Pakistan stocks fell for a second day running on Thursday with confidence hit by two days of consecutive net selling by foreign investors and concerns about regional markets, analysts said.

The Karachi Stock Exchange (KSE) benchmark 100-index ended 0.13 per cent, or 17.99 points, lower at 14,063.08 on volume of 103.3 million shares.

“The mood in the market was dull because of concerns that other markets in the region aren’t doing so well, and also because of selling by foreign investors for the last two days,” said Atif Zafar, a research analyst at the JS Global financial services company.

Foreign investors sold shares worth a net $1,674,866 on Wednesday, and $3,487,911 on Tuesday, according to the National Clearing Company of Pakistan.

In the currency market, the Pakistani rupee ended almost flat at 90.88/95 to the dollar, compared with Wednesday’s close of 90.86/91.

The rupee has been supported by remittances, which rose 20.2 per cent to $10.88 billion in the first 10 months of the 2011/12 fiscal year, compared with $9.05 billion in the same period last year.

In April, remittances totalled $1.14 billion.

Overnight rates in the money market ended at 11.90 per cent, the same level as on Wednesday.

Staff Report

RAWALPINDI: A special Anti-Terrirism Court of Rawalpindi today adjourned hearing of a murder case against Lal Masjid’s Khatib, Maulana Abdul Aziz till May 23, CNBC reported on Thursday.

Rawalpindi’s special ATC Judge Shahid Rafiq conducted hearing of a rangers’ murder case this day against 19 accused including Khatib of Lal Masjid, Maulana Abdul Aziz.

The court took stern notice of the absence of a key witness of the prosecution, constable Gul Sher, and issued his arrest warrant. The ATC instructed the SHO of Abpara Police Station to make sure appearance of the witnesses before the court on next hearing. CNBC

ISLAMABAD: Pakistan’s current account deficit widened to a provisional $3.394 billion in the first 10 months of the 2011/12 fiscal year from $3.081 billion in the first nine, the central bank said on Thursday.

There was a provisional surplus of $466 million in the first ten months of the previous fiscal year, according to data released by the State Bank of Pakistan.

The current account had a provisional deficit of $313 million in April 2012. The January-March 2012 period had a provisional deficit of $655 million.

PESHAWAR: Provincial Minister for Information and Broadcasting Mian Iftikhar Hussain on Thursday said the provincial government had released Rs480 million advertisements to different newspapers during the last four years, besides paying Rs510 million outstanding dues.

Talking to the All Pakistan Newspapers Society here, he said the government has a clear and merit based policy for issuance of advertisements to all the newspapers without any discrimination.

He said the government has adopted a very strict policy for the payment of outstanding dues to the newspapers.

He said the government issued funds to all the government departments for advertisements, however, some departments were “lethargic” and returned the money at the end of the fiscal year. He added that the government has decided to take action against those departments who did not pay newspapers for placement of advertisements despite the allocation of funds by the provincial government.

Referring to an increase in advertisements’ rate, he said the government is already considering this demand of the newspapers society and would soon take a positive step in this regard.

KARACHI: The Pakistan Hockey Federation (PHF) indicated, on Thursday, that it may hand one-year bans to the eight players involved in World Series Hockey (WSH).

PHF has said that all the players who signed the board’s contract after March 31, 2012 could be given a one-year ban for opting for the rebel league, DawnNews reported.

Senior members of the Pakistan hockey team, including Rehan Butt, Zeeshan Ashraf and Shakeel Abbasi, among others, participated in the Indian rebel league, which was not approved by the International Hockey Federation (FIH).

In a move to show its displeasure with their participation, PHF issued show-cause notices to the eight players last month to appear before a disciplinary committee.

In last week’s hearing, the players defended their move to join the league, saying that the PHF did not give any clear instructions to the players.

Apart from Abbasi, Ashraf and Butt, former captain Imran Warsi, Waseem Ahmed, Tariq Aziz, Adnan Maqsood and Mudassar Ali Khan also participated in WSH, which was played between March and April.

The disciplinary committee will submit its report to the federation next week.

If, indeed, the bans are imposed, the players could miss out on an Olympic berth.

Staff Report

LAHORE: The players of national hockey team and management paid visit to Data Ganj Bakhsh’s shrine in Lahore today, CNBC reported on Thursday.

The national hockey team is set to leave soon for Azlan Shah Hockey Cup, Malaysia. Prior to departure for the tournament, the team and its management paid visit to shrine of Hazrat Ali Hajveri, popularly known as Data Ganj Bakhsh in Lahore.

They performed Nafals (optional prayers to please God) and prayed for the success of team in the upcoming tournament at the shrine.

National hockey team’s coach, Akhtar Rasool, said on the occasion that the team is small but keeps great faith and whenever he prayed for success at Data’s shrine, he succeeded.

The players and hockey team’s management said that they gained spiritual peace after visiting Data Ganj Bakhsh shrine. CNBC

HARARE: United Nations human rights chief Navi Pillay will visit Zimbabwe next week as President RobertN Mugabe seeks to dispel charges that Harare is a major rights violator.  

Pillay will be the first U.N. rights chief to visit the country and was invited by Mugabe’s government, which in 2009 expelled Manfred Nowak, a former U.N. rights investigator.  

The West has imposed sanctions on Mugabe and his allies, accusing them of election violence and using state security agents to beat up and detain opponents.  

Analysts say Harare has invited Pillay because of a lull in political tension and a drop in rights abuses following the formation of a unity government with Mugabe’s rival, Prime Minister Morgan Tsvangirai, in 2009.  

The U.N. said on Thursday Pillay, a former South African High Court judge, would be in Zimbabwe for five days from May 20 and would meet Mugabe, Tsvangirai and local human rights groups.  

Mugabe, 88, who has ruled the country since independence from Britain in 1980, has been the subject of newspaper reports about his health in recent months, with some reporting that he has prostate cancer. In interviews with state media in February Mugabe laughed off suggestions that he was seriously ill.  

Tsvangirai’s Movement for Democratic Change party says 200 of its members were killed by Mugabe’s supporters in 2008 during a violent presidential election run-off.  

Under the terms of the power-sharing deal new elections must be held by next year.  

Zimbabwe’s army is also accused of killing dozens of people in the Marange diamond fields when it was sent in to evict up to 30,000 illegal miners.  

The government has denied the charges and challenged critics to produce evidence. AGENCIES