Economic Survey 2011-2012

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Sunday, 19 May 2013

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Cricket: Rain delays Pakistan’s clash with Scotland

EDINBURGH, May 19, (APP/AFP) - Pakistan’s one-day international against Scotland was delayed on Sunday due to a waterlogged playing surface in Edinburgh. The umpires ordered a 1200GMT pitch inspection at the Grange after taking a close look at the wicket three times before the scheduled start of play. Heavy rain in the Scottish capital on Saturday left areas of the outfield sodden, while there were also worries about the condition of the wicket.

ISLAMABAD, May 17 (APP): Pakistan Army won the 9th Korean Ambassador National Taekwondo Championship by clinching overall 17 gold, three silver and two bronze medals on Friday here at Liaquat Gymnasium. Army secured a total of 507 points. WAPDA remained second with 165 points, securing one gold, six silver and two bronze medals.
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National athletics championship dedicated to Zakir Syed

LAHORE, May 17 (APP): Athletics Federation of Pakistan (AFP) has decided to dedicate the 45th edition of the National Athletics Championship in the memory of late Syed Zakir Hussain Syed, a former director general of Pakistan Sports Board. The premier activity, both for men and women, will be organised May 24 at Jinnah stadium Islamabad and all the affiliated units of the AFP will take part, said a spokesman of AFP here on Friday. He said late Zakir rendered meritorious services for the cause of sports in the country and the AFP has decided to dedicate the championship to him to acknowledge his valuable contributions as a sports administrative. “Over 500 athletes belonging to the four provinces, AJ&K, FATA, Gilgit Baltistan and various services and departments will compete in the three-day sports “, he added.

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Economic Survey 2011-2012

FDI decreases by 48.4 percent

ISLAMABAD, May 31 (APP): The Foreign Direct Investment (FDI) in Pakistan stood at $666.7 million during July-April (2011-12) as against $1,292.9 million last year. According to Economic Survey of Pakistan 2011-12, FDI showed decline of 48.4 percent. Oil and Gas Exploration remained the major sector for foreign investors, which stood at 69.8 percent. The pre-budget document, however maintains that Pakistan will certainly attract foreign direct investment with the resolution of energy shortage and improvement in the law and order situation.

Hydel contribution increases to 33.6 % in 2011 : Hafeez

ISLAMABAD, May 31 (APP): Minister for Finance, Dr. Hafeez Sheikh on Thursday said contribution of Hydel electricity generation during 2011 increased to 33.6 per cent. Announcing the Economic Survey 2011-12 at a press conference, he said the government was implementing a number of priority hydel projects which is the cheapest way of generating electricity. He said these projects are 969 MW-Neelum Jhelum, 1410 MW- Tarbela 4th Extension and Patrind in the private sector while almost 96 percent of work on the main dam at Mangla, spillway and allied facilities are completed and resettlement work is in progress.

Pak-Afghan trade volume rises to $ 2.5 billion annually

ISLAMABAD, May 31 (APP): The Afghan Transit Trade Agreement (APTTA) has encouraged formal trade between Pakistan and Afghanistan and its volume has risen to around $ 2.5 billion annually. According to Economic Survey launched by Finance Minister, Dr. Abdul Hafeez Sheikh here on Thursday, efforts are underway to formalize gree trade agreements and preferential trade agreements with many countries. It will help boosting the country's exports. Efforts are also underway to normalize trade relations with India.

Fisheries sector records 1.78% growth

ISLAMABAD, May 31 (APP): The fisheries sector witnessed a growh of 1.78 percent against the growth of 1.94 percent during last year, according to Economic Survey of Pakistan 2011-12.Components of fisheries such as marine fishing and inland fishing contributed an overall increase in the value addition in the fisheries sub-sector. The gross value addition of marine fish increased by 1.3 percent and that of inland fish by 1.96 percent.

Remittances surge by over 20%

ISLAMABAD, May 31 (APP): Workers' Remittances totaled $ 10,876.99 million in July-April 2011-12, as against $ 9,046.61 million in the comparable period of last year, showing an increase of 20.23 percent, according to Economic Survey of Pakistan released here Thursday. Remittances from Saudi Arabia recorded massive growth of 43.25 percent, followed by U.K. (27.52 percent), USA (14.57 percent), Other GCC countries (15.34 percent) and UAE (14.10 percent).

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