Israel dismisses UN resolution for probe of commando raid

JERUSALEM: Israel dismissed on Thursday a UN decision to set up a probe of the deadly raid on a Gaza-bound flotilla, saying the Human Rights Council that adopted the resolution had no moral authority whatsoever.

“The authority of this council, which once again is working stubbornly against Israel, has reached rock bottom,” said foreign ministry spokesman Ygal Palmor.

He pointed out that some of the resolution”s signatories, like “Djibouti, Pakistan, Cuba or Saudi Arabia, are in a bad position to present themselves as defenders of human rights which they violate massively,” he told foreign news agency.

New Monitory Policy on Tuesday: Saleem Raza

Pakistan: State Bank of Pakistan Governor Saleem Raza says that new monitory policy will be announced on Tuesday.

He said foreign exchange reservoirs had reached to the stage of five months from three weeks. Addressing a ceremony in Islamabad, State Bank Governor maintained that national economy was improving, adding that exports and credit demand were increasing. He told that foreign exchange reservoirs are enough to fulfill the needs for five months.