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Friday, 25 July 2014

 

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T20 fund raising match for IDPs
LAHOR, July 25 (APP): Punjab Minister for Law and Sports Rana Mashhood Ahmed Khan has said that Lahorites will show remarkable generosity during the fourth IDPs Fund-Raising T20 cricket match tomorrow , Saturday here at Gadaffi stadium.
 
Pakistan CC lifts RLCA Ramazan cricket trophy
KARACHI, July 25 (APP): As expected Pakistan Cricket Club lived up to  their billing by lifting the inaugural RLCA Ramazan Twenty20 Cricket Tournament trophy when they thrashed Pak Korangi CC by 76 runs in a one-sided final here at Gulburg Ground on Thursday night.
 
T-20 cricket match generates Rs 25m donation for IDPs
FAISALABAD, July 25 (APP): A T-20 fund raising cricket match played between Pakistan-A and Faisalabad Eleven at Iqbal stadium here generated Rs 25 million donation for IDPs of North Waziristan.
 
India-Pakistan not to participate in Asian Games Men Cricket
ISLAMABAD, July 22 (APP): India and Pakistan would not be participating in the September’s Asian Games giving a massive loss to the Games as their presence would have guaranteed massive interest and wide television coverage.
 
Pakistan pursuing policy of peaceful relations in region: Tariq Fatemi
WASHINGTON, July 21 (APP): Pakistan is pursuing a policy of promoting peaceful relations with all neighboring countries including Afghanistan, India and wants to resolve all outstanding issues with New Delhi through dialogue, Tariq Fatemi, Special Assistant to Prime Minister, said.
 
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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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