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Tuesday, 23 September 2014

 

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Intíl handball challenge trophy in December
ISLAMABAD, Sep 23 (APP): The International Handball Federation (IHF) Challenge Trophy South Men and Women will be held at the Agriculture University Faisalabad from December 2-8.
 
Pakistan team for Blind CWC to be announced on September 30
ISLAMABAD, Sep 23 (APP): The national team to feature in the Fourth Cricket World Cup of the Blind to be staged in Cape Town, South Africa from November 25 to December 9 will be announced on September 30.
 
Have to improve as a fielding unit: Hafeez
ISLAMABAD, Sep 22 (APP):Mohammad Hafeez the Lahore Lions captain in Champions League Twenty20  2014 in Hyderabad said that we believe the way they are showing their talent in the field, as batsmen and bowlers, it's really good but we have to improve as a fielding unit, we really have to raise the standard of fielding against Kolkata Knight Riders.

 
Mohammadan Club outclass Youngman in Rawalpindi Soccer
RAWALPINDI, Sept 22 (APP): Mohammadan Club beat Youngman Club 2-1 in the Rawalpindi District A Division Football League on Monday at Municipal Stadium.
 
Pak judokaís father optimistic his son will show talent in Asian Games
ISLAMABAD, Sept 22 (APP): Pakistan’s Japanese-raised judoka, Shah Hussain’s father is hopeful that his son would show talent in the ongoing Asian Games.
 
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Latest News
UK delegation calls on Chairman Senate - Meeting reviews progress of arbitration in ICSID on Rekodiq Project - Pakistan values its relations with UK at high esteem: Bokhari - Ayaz, Abbasi condemn bomb blast in Peshawar - Edible oil imports decrease 9.3% in two months - IPR meeting reiterates to further enhance Pak-US defence cooperation...
Current account deficit expected to decline to under 3% of GDP PDF Print E-mail
ISLAMABAD June 4 (APP):  Current account deficit is expected to decline to below three per cent of Gross Domestic Product during the outgoing fiscal year, according to Economic Survey 2009-10 - a pre-budget document.  The external current account deficit was contained to 5.6 per cent of GDP (US dollars 9.3 billion) in fiscal 2008-09, from a high of 8.3 per cent of GDP in 2007-08 (US dollars 13.9 billion), added the Survey released here today at a press conference addressed by Advisor to the Prime Minister on Finance Senator Dr Abdul Hafeez Sheikh.  HTML clipboard

Pakistan, the Survey said achieved impressive initial gains in restoring macroeconomic stability in the aftermath of the balance of payments crisis of 2008 and as an outcome of determined policy effort.     
The fiscal deficit, the Survey depicted, was slashed to 5.2 per cent of GDP in financial year 2008-09, from 7.6 per cent of GDP in 2007-08, a fiscal adjustment of 2.4 per cent of GDP.
For outgoing year 2009-10, the fiscal deficit is aimed to be kept in check at 5.1 per cent of GDP, despite the absorption of unprecedented security-related spending, stated the Survey.
Foreign Exchange Reserves have been rebuilt to nearly dollars 15 billion, from their low of under dollar six billion in October 2008, though much of the accumulation is due to releases from the IMF, said the Survey.
Inflation registered downward trend from 25 per cent in October 2008, to a recent low of 8.9 percent in October 209, though it has accelerated sharply of recent and is displaying persistence.
International credit rating agencies upgraded Pakistan from CCC plus to B Minus by S&P, while Moody’s revised its outlook to Stable. Challenges, the Survey observed have, however emerged in consolidating these early gains, with inflation in the economy resurfacing and fiscal pressures mounting.
 

     

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