| Business Euphoria evaporates: Pakistan and India fail to strike oil trade deal Zafar Bhutta As Pakistan wants to meet only 20% to 25% of its needs for petroleum products from India to avoid overreliance on the old rival due to security concerns, the two countries have failed to seal a big deal as Islamabad has asked Delhi to compete in tenders floated by Pakistan State Oil (PSO) for oil supply through land route. Dictum meum pactum: S&P reaffirms Pakistan's sovereign credit rating Farooq Tirmizi Exactly one week after Moody's downgraded Pakistan's credit rating to its lowest ever, Standard & Poor's (S&P) – its bigger and better-known rival – has reaffirmed the country's sovereign creditworthiness rating at B-minus, and maintained its stable outlook on the country. _______________________________________________ Sports Flame to make dramatic entrance Our Correspondents The Olympic flame will make a dramatic arrival in London to tour the capital before it plays a starring role in the opening ceremony in one week's time. Security tight for Bolt and Jamaica stars Our Correspondents Olympic 100m and 200m champion Usain Bolt and Jamaica's star-studded track and field team have been training under heavy security at the University of Birmingham since their arrival here just about a week ago. _______________________________________________ Life & Style Veena Malik's Ramazan show called off after public outrage Our Correspondents The idea of the controversial Veena Malik repenting for her sins on national television did not settle well with the awaam. From internet petitions calling for the Pakistan Electronic Media Regulatory Authority (Pemra) to ban the show, which had been scheduled to air during the holy month, to comments on social media forums, the anger was hot and unrestricted. India's 'Coke Studio' raises the bar with new season Rafay Mahmood While India's "Coke Studio @ MTV" was the recipient of much criticism last year for its abominable music, this year's Indian music producers have delivered a gem to silence the critics. _______________________________________________ | 
