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Younis Khan becomes oldest Pakistani to score a century in ODI
ISLAMABAD, Dec 18 (APP): Although Younis Khan’s hundred in the third ODI against New Zealand at Abu Dhabi went in vain, he did create a record on the way, becoming the oldest Pakistani batsman to score a one-day hundred.
 
Pakistan A, Kenya series to continue as per schedule
ISLAMABAD, Dec 17 (APP): Kenyan cricket team will complete its ongoing series against Pakistan A, a Pakistan Cricket Board (PCB) official said on Wednesday.
 
Murtaza Javed Abbassi congratulates boxer Amir Khan
ABBOTTABAD, Dec 15 (APP): Deputy Speaker National Assembly, Murtaza Javed Abbasi congratulated British born Pakistani boxer Amir Khan on becoming champion in Silver Welterweight category.
 
Hockey team to get a warm welcome: Rana Mujahid
ISLAMABAD, Dec 15 (APP): Secretary General Pakistan Hockey Federation (PHF) Rana Mujahid Ali said Monday that national hockey team would be given a warm welcome at Wagah border on its arrival back at home from India.
 
International Zahid Tufail of Army wins National Skeet Shooting Championship
PESHAWAR, Dec 14 (APP): International shooter Zahid Tufail of Army clinched the gold medal after a two times tie-breaker with Imdad Sherpao of Khyber Pakhtunkhwa in the final super round of the National Skeet Shooting Championship played here at Army Shooting Range, Garrison Park 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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