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Thursday, 23 October 2014

 

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PCB extends remedial work on Saeed Ajmal
KARACHI, Oct 22 (APP): The Pakistan Cricket Board (PCB has decided to extend Saeed Ajmal’s remedial work under Saqlain Mushtaq’s watch by another 15 days.
 
National Hockey camp for Indian Tour from Oct 28 at Karachi: PHF
PESHAWAR, Oct 22 (APP): The training camp of national senior probables preparing for participation in the Hero-Honda Champions Trophy to be played at Bhubaneswar, India from December 6-14, 2014, will be organized at Hockey Club of Pakistan Stadium, Karachi on October 28, 2014.
 
Fund raising match brings joys and fun for IDPs of Baka Khel camp in FR Bannu
BANNU, Oct 22 (APP): Shahid Khan Afridi’s 16 balls 45 runs knock enable Boom Boom Afridi XI to 31 runs victory against DG ISPR XI in a friendly cricket fund raising match played at Baka Khel IDPs camp for the IDPs of North Waziristan Agency here.
 
Shahbaz bestows Rs 2 lakh each on hockey team
LAHORE, Oct 21 (APP): Punjab Chief Minister Muhammad Shahbaz Sharif gave away cash award of Rs 200,000 each amongst the members and officials of the national hockey team for their brilliant performance in the recently concluded Asian Gmaes.
 
Omar Abdel Meguid, Aamir Atlas reach final of CAS Squash championship
ISLAMABAD, Oct 22 (APP): Omar Abdel Meguid of Egypt and Aamir Atlas reached the  final of  Serena Hotels Chief of Air Staff International Squash Championship being played at Mushaf Squash Complex, Islamabad.
 
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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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