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Thursday, 26 November 2015


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MSMST Football team wins series in Bahrain
PESHAWAR, Nov 25 (APP): Football Team of Malik Saad Memorial Sport Trust (MSMST) Khyber Pakhtunkhwa currently on the visit to the state of Bahrain won three matches series against Al-Shabab Football Club by scoring 6 goals at International Football Stadium at Essa Town in Bahrain.
Coaches Jayasuria, Buchanan, Prasad sign for PSL
KARACHI, Nov. 25 (APP): Sri Lankan legend Sanath Jayasuriya, former Australian World-Cup winning coach John Buchanan, and former Indian pacer Venkatesh Prasad are the latest signing on the Pakistan Super League (PSL) coach roster, it was announced on Tuesday.
Babar bags six wickets for Hyderabad Region
ISLAMABAD, Nov 24 (APP): In the Pool A, Babar Khan of Hyderabad Region bagged 6 wickets for 59 restricting Islamabad Region to a total of 211 runs in their first innings in the round five of the Quaid-e-Azam Cricket Trophy match here at the Diamond Ground.
Hafeez positive for T20s series
ISLAMABAD, Nov 24 (APP): Robust batsman Mohammad Hafeez is optimistic that Pakistan will deliver an outstanding performance in the back-to-back Twenty20s against England from Thursday and Friday at the Dubai International Stadium.
Amir Sohail wants Afridi to focus on batting
ISLAMABAD, Nov 24 (APP): Former Captain Amir Sohail has urged the Twenty-20 skipper Shahid Afridi to focus on his batting saying the all-rounder needs to score runs on the board in order to lead the team from the front.
Latest News
Ombudsman institution helps providing quick, inexpensive justice: CJ - FO rejects allegations against PFOWA - France can export cattle, meat to Pakistan: Bosan - First ever-digital solution for media safety in Pakistan initiated - Salman Faruqui elected AOA president - Law & order in Karachi improved due to operation: Abid
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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