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Monday, 01 September 2014

 

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Pakistan team back from Colombo after debacle in Sri Lanka
KARACHI, Aug 31 (APP): Pakistan cricket team returned here quietly on Sunday from Colombo after disastrous tour of Sri Lanka where they lost the Test and One-day International series against the hosts.
 
FATA full of cricket talent: M. Akram
PESHAWAR, Aug 30 (APP): Former Pakistan fast bowler Mohammad Akram Saturday said that FATA is full of cricket talent and if provided due chances to the upcoming lot they would certainly become the future stars of cricket.
 
Table Tennis Championship to prove a good omen: IPC Minister
ISLAMABAD AUGUST 29 (APP): Federal Minister for Inter Provincial Coordination (IPC), Mian Riaz Hussain Pirzada has said the South Asian Cadet and Junior Table Tennis Championship played here at Rodam Hall would prove as good omen in holding other sport activities saying by seeing this other countries would feel confident in sending their teams to Pakistan.
 
Hamza shock top seed Nofil to reach tennis semis
KARACHI, Aug 29 (APP): Hamza Malik pulled off a shock when defeated top seed and junior international Nofil Kaleem 2-0 to storm into the Under-18 semifinals of second Indus Pharma Seniors and Junior Ranking Tennis Championship after easy victories at Karachi Club here on Friday.
 
National Junior Swimming Championship in Sept: Asif
PESHAWAR, Aug 29 (APP): National Junior Age Group Swimming Championship at Adil Khan Swimming Pool, Qayyum Sports Complex, will be held in September this year, Secretary General Khyber Pakhtunkhwa Swimming Association Asif Orakzai told APP here on Friday.
 
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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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