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Friday, 22 August 2014

 

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Jessica stars in Australian win over Pakistan women in Ist ODI
KARACHI, Aug. 21 (APP)- Jessica Cameron slammed a sparkling unbeaten 58 to lead World Champion Australia to six wickets over Pakistan women in the first One-Day International at Brisbane Oval on Thursday.
 
Tight wins for Pakistan teams in Asian Team Snooker
KARACHI, Aug. 21 (APP)- Pakistan “A” and “C” faced a strong challenge before beating their respective opponents on the opening day of Asian Team Snooker Championship on Thursday.
 
Inform Sarfraz should has been retained for ODI series: Nasim-ul-Ghani
KARACHI, Aug. 21 (APP)- Veteran Test cricketer Nasim-ul-Ghani has expressed his surprise over leaving out inform wicket-keeper/batsman Sarfraz Ahmed from the three match One-Day International (ODIs) against sri Lanka starting in Hambantota from Saturday.
 
Hashim Khan Memorial Intíl Pakistan Circuit-II begins in City
PESHAWAR, Aug 21 (APP): Pakistan International Circuit-II Squash Tournament which named after legendary Hashim Khan Memorial to pay him rich tribute got under way here at PAF Hashim Khan Squash Complex on Thursday.
 
Australia beat Pakistan by four-wickets
ISLAMABAD, Aug 21 (APP): The Commonwealth Bank Southern Stars have kicked off their 2017 Women’s World Cup qualification campaign with a four-wicket win over Pakistan Thursday at Redlands Cricket Club in Brisbane in a match that marked the launch of the new ICC Women’s Championship.
 
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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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