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Monday, 24 November 2014

 

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My main agenda is promotion of peace, education: Kainat Khan
ISLAMABAD, Nov 23 (APP): Pakistan’s emerging female tennis player Kainat Khan has said that her main agenda is to promote peace and education and bring forth the true and soft image of the country.
 
Pakistan wheelchair cricket team prepares for international success
KARACHI, Nov 22 (APP): Denmark Ambassador to Islamabad Jesper Moller inaugurated the training camp for Pakistan's wheelchair cricket team here Saturday and said cricket was a sport which had made Pakistan proud in the past.
 
Pakistan in SF of Asian beach games
LAHORE, Nov 19 (APP)- Pakistan breezed into the semi finals of the handball competition of the Asian Beach games overcoming Bahrain in  2-1 sets chalking up its fifth successive victory on Wednesday at Phuket beach.
 
Hafeez to undergo test on his bowling action on Nov 24
KARACHI, Nov 19 (APP): All-rounder Mohammad Hafeez is returning back home from where he shall proceed to Loughborough University, the latest  of ICC accredited facilities for testing on bowlers with suspect actions,  on November 23 for his appointment for tests on Nov 24, Pakistan Cricket Board (PCB) announced on Wednesday.
 
Younis Khan is a very committed player: Rashid Latif
ISLAMABAD, Nov 18 (APP): Former captain Rashid Latif believes Younis Khan is a very committed player saying the 2009 Twenty-20 World Cup is a great example of his dedication where he introduced a lot of new players and won the mega event.
 
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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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