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Wednesday, 04 March 2015

 

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Pak skier defeats Indian opponent in Asian Alpine Ski Championship
ISLAMABAD, March 3 (APP): Olympian Mohammad Karim of Pakistan has beaten his Indian opponent Mohammad Arif in the giant slalom event of Asian Alpine Ski Championship 2015, being held in Yongpyong, South Korea.
 
Saad to lead Omar Associates in Patrons Cricket Trophy
KARACHI, March 3 (APP): International Saad Nasim has been named to lead Omar Associates team in the Patrons Cricket Trophy starting simultaneously at different grounds of the country from March 9.
 
PCB clears Moin from Casino visit charges
LAHORE, Mar 3 (APP): Pakistan Cricket Board has cleared chief selector, Moin Khan from alleged allegations of gambling in Brisbane, Australia ahead of World Cup match.
 
Yousuf optimistic of Pakistan cruising in last-8 round of CWC
KARACHI, Mar 3 (APP): Despite troubles and indifferent form, Pakistan will reach the quarterfinal of Cricket World Cup, former skipper Muhammad Yousuf predicted on Tuesday.
 
Irfan, Misbah improves in ICC ranking
KARACHI, Mar 2 (APP): Pakistan captain Misbah-ul-Haq climbed two place following his stubborn knock of 73 runs against Zimbabwe in their ICC Cricket World Cup match in Brisbane on Sunday.
 
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US hopes to resolve Pakistan land routes issue soon PDF Print E-mail
WASHINGTON, May 31 (APP): The United States continues to work with Islamabad towards restoration of Pakistani routes for NATO supplies into Afghanistan and hopes to resolve the issue soon, a State Department spokesman said. “We do remain engaged with Pakistan on reopening these ground lines of communication. We want to and think that opening them would obviously be an important demonstration of Pakistan’s commitment to the international effort to ensure a prosperous, peaceful Afghanistan. So we are working diligently trying to make progress,” Deputy spokesman at the State Department Mark Toner said.
 
Broad Money witnesses downward trend in 2011-12 PDF Print E-mail
ISLAMABAD, May 31 (APP): Broad Money and close substitutes for money, witnessed an expansion of 9.09 per cent as compared to 11.47 percent during the same period in 2010-11, according to Economic Survey of Pakistan 2011-12. The deceleration in the money supply is primarily driven by the  significant fall in the Net Foreign Assets (NFA) of the banking system, along  with increased government borrowing and a one-off settlement of circular debt. During the first half of the fiscal year 2011-12, a significant decline  in capital financial accounts inflows resulted in the depletion of State Bank of Pakistan (SBP) foreign exchange reserves to finance the major part of current deficit.
 
debt registered Rs. 1,315 billion increase: Economic Survey PDF Print E-mail
ISLAMABAD, May 31 (APP): During first nine months of current fiscal year (2011-12), total public debt registered an increase of Rs. 1,315 billion and stood at Rs. 12,024 billion, said Economic Survey 2011-12 released here Thursday. According to the Budgetary Document released by the Finance Minister Dr Abdul Hafeez Shaikh, “Public debt as a percent of GDP stood at 58.2 percent by end-March 2012 as compared to 55.5 percent of GDP during the same period last year”. The bulk of the increase in public debt in the first nine months of 2011-12 has been recorded under domestic debt that accounted for 91 percent of the total increase.
 
400 villages to be electrified on solar PDF Print E-mail
ISLAMABAD, May 31 (APP): The government is planning to electrify 400 villages through solar power as the country is blessed with a huge solar potential of more than 5-6 KWH/mý/day of irradiation in many areas. Launching Economic Survey 2011-12, the minister said the potential of solar energy is feasible for both Solar PV and Solar Thermal application. “The area with highest solar potential is the province of Baluchistan followed by Eastern Sindh and Southern Punjab promising technical and financially viable solar energy projects,” the minister said. He said these projects can be On-Grid or Off-Grid and that some areas in Eastern Sindh and Southern Punjab also have potential for such interventions.
 
Rs.2.51 bln allocated for development projects for Education PDF Print E-mail
ISLAMABAD, May 31 (APP): Finance Minister Dr.Hafeez Sheikh on Thursday said that a sum of Rs. 2.51 billion was made available for development projects of education during the financial year 2011-12  Launching the Economic Survey 2011-12 at a press conference here, he  said the amount includes Rs. 677.4 million for the projects under the Capital Administration and Development Division (CADD). Furthermore Rs. 1.65 billion has been allocated for the teacher training programme under CIDA.
 
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Grievance Commissioner Wafaqi Mohtasib
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