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Finance Minister briefs PM on country’s economic situation

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Thursday, 23 May 2013

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U.S. Administration acknowledges deaths of four Americans in counterterror operations -

WASHINGTON, May 23 (APP): The Obama administration, facing criticism for covert nature of drone operations, Wednesday for the first time publicly acknowledged that U.S. counterterrorism operations overseas have killed four Americans since 2009.The official revelation came in a letter from Attorney General Eric H. Holder Jr. to Congress. The letter, however, does not say how the four were killed.The American media reports say those killed include Anwar al-Awlaki, a radical cleric who was killed in a drone strike in September 2011 in Yemen. The other three killed include Samir Khan, who was killed in the same strike;Awlaki’s son Abdulrahman al-Awlaki, who was also killed in Yemen; and Jude Mohammed, who was killed in a strike in Pakistan.“These individuals were not specifically targeted by the United States,” Holder wrote in the letter, cited by major newspaper including The New York Times and The Washington Post.

Boost in trade can strengthen Pak-China friendship -

BEIJING, May 23 (APP): To commensurate with strong political and military ties, economic and trade cooperation between China and Pakistan should be deepen, experts say.“Compared with political ties, bilateral trade cooperation between China and Pakistan is still weak and the two countries should further encourage their economic and trade cooperation and communication, based on bilateral strategic mutual trust,” said Mei Xinyu, a researcher with the Chinese Academy of International Trade and Economic Cooperation at the Ministry of Commerce.China is Pakistan’s second-largest trading partner, the second-biggest source of imports and the fourth-largest exports destination. “The Pakistani side expects two-way trade to surpass $15 billion in two or three years,” Xinhua News Agency quoted Pakistan’s Ambassador to China Masood Khalid as saying.The FTA between China and Pakistan, which was signed in 2006, has fostered China’s economic cooperation with the whole South Asian region. Meanwhile, the two countries have cooperated in infrastructure construction over the past few years.

Obama expected to address drone justification, achievements on Thursday -

NEW YORK, May 22 (APP): President Barack Obama is expected to discuss Thursday at the National Defence University his administration’s justification for drone strikes and what they achieved, with a leading newspaper saying that the number of strikes by unmanned aerial vehicles (UAVs) has dropped sharply. Strikes in Pakistan peaked in 2010 and have fallen sharply since then; their pace in Yemen has slowed to half of last year’s rate; and no strike has been reported in Somalia for more than a year, the New York Times said in a report on Wednesday.

Pakistani journalist selected to cover upcoming UN General Assembly session -

UNITED NATIONS, May 22 (APP): A Pakistani is among four journalists selected by the Dag Hammarskjold Fund for Journalists, to cover the 68th session of the UN General Assembly opening in September, it was announced Wednesday. She is Maria Kamal of The News International. The others are: Rose Wangui (Kenya), Leda Balbino (Brazil) and Guslin Harman (Turkey). The prestigious fellowship programme was established by U.N. corps of correspondents in 1961 to honour the memory of Dag Hammarskjold, the second secretary-general. Since then young, working journalists from Africa, Asia and Latin America have been brought to New York to observe and report to their news organizations on the UN General Assembly, and also to improve their professional skills.

UN chief calls for int’l efforts to achieve ‘water secure world’ -

UNITED NATIONS, May 22 (APP): UN Secretary-General Ban Ki- moon has called on the international community to work towards a “water secure world” as part of the global ecosystem plan noted in the Millennium Development Goals (MDGs) and post- 2015 agenda. “Although seemingly abundant, only a tiny amount of the water on our planet is easily available as freshwater,” the secretary-general said in a message issued here by his spokesperson to mark the International Day for Biological Diversity, which is being observed on Wednesday.

Sport News

Asif confident of Pakistan doing well in Asian Team Snooker

KARACHI, May 22 (APP): Reigning World Champion Muhammad Asif was confident of doing well in inaugural Asian Team Snooker and 6-Red Snooker Championship being held Doha (Qatar) from May 24 to 30. “All our players like Sajjad, Hamza and Majid are in a good nick and are in the best frame of mind to do well in Doha event”, Muhammad Asif told APP in an interview on Wednesday.
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National ranking boxing tournament next month

LAHORE, May 22 (APP): National ranking boxing tournament will be held from June 20 at Hyderabad under the aegis of Pakistan Boxing Federation. “It will be a top national level boxing activity being held after the elections of the present regime of the PBF,” said Secretary, PBF, Iqbal Hussain while talking to APP here on Wednesday.
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Pak snooker to leave for Doha

LAHORE, May 22 (APP): A four-member Pakistan snooker team is leaving, Thursday for Doha to take part in the first Asian team event and 2nd Red snooker championship being played from May 24-30.
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Latest scandal again damaged game’s image: Ex-cricketers

ISLAMABAD, May 22 (APP): Former Pakistan players perceive the recent spot-fixing scandal as a cause to faint the image of the game of cricket and has stone the ongoing Indian Premier League. Talking to private news channel, Former Test captain Zaheer Abbas said that he was shocked by the scandal involving Indian Test player, S.Sreesanth and two others Ajit Chandila and Ankeet Chavan.
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Akhtar Rasool led team management to continue till World Cup

LAHORE, May 21 (APP): Pakistan Hockey Federation has decided to retain Akhtar Rasool led team management till next year’s World Cup adding few professionals in the team management staff to boost the performance of the team.
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Finance Minister briefs PM on country’s economic situation

ISLAMABAD, July 1 (APP): Finance Minister Dr Abdul Hafeez Shaikh called on Prime Minister Raja Pervez Ashraf at Prime Minister House on Sunday and briefed him on the country’s economic situation.The Finance Minister said that the fiscal year 2011-12 ended with a growth of 3.7%, showing an improvement over last three years.Similarly, the minister said better performance was visible in the decline in inflation rate from 13% last year to 11% in the year just concluded.The benefit of decline in international fuel prices, the minister said, had been passed on to the consumers and during the last 45 days, the prices of fuel, diesel and kerosene had been brought down three times.He said that the financial year had also ended with foreign exchange reserves of over 15 billion dollars, in spite of paying back to the IMF 1.2 billion dollars during the year as per the schedule.The minister said that exports remained strong in spite of global economic crisis and were likely to maintain upward momentum in the year 2012-13 as well.

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