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Monday, 30 March 2015

 

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Starc named as player of the ICC Cricket World Cup 2015
From Ehsan Qurshi
 
MELBOURNE, March 29 (APP): Australia fast bowler Mitchell Starc was Monday named as the player of the ICC Cricket World Cup 2015.
 
Border express sympathy for no International cricket in Pakistan

From Ehsan Qureshi

MELBOURNE, March 29 (APP): Former Australian skipper Alan Border has expressed his sympathy that international  cricket is not being staged in Pakistan.

 
Australia grabs 5th Cricket World Cup crown with an emphatic victory over New Zealand

From Ehsan Qureshi

MELBOURNE, March 29 (APP): Australia regained the Cricket World Cup crown on Sunday when they routed their Trans Transman neighbors New Zealand by seven wickets in the day/night final here at the Melbourne Cricket Ground for their overall fifth title.

 
Record peoples attends 2015 CWC final

From Ehsan Qureshi

MELBOURNE, March 29 (APP): A record crowd of 1,016421 attended the 49 matches over 44 days across Australia and New Zealand during the 2015 Cricket World Cup, International Cricket Council (ICC) .announced here after the final on Sunday.

 
Australia wins CWC for 5th time
From Ehsan Qureshi

MELBOURNE, March 29 (APP): Australia won the 11th edition of Cricket World Cup on Sunday when they defeated New Zealand by seven wickets in one-sided final here at the Melbourne Cricket Ground on Sunday.
 
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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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