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Thursday, 02 July 2015

 

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Pakistan's Tariq to play for Bengal Warriors in PKL
ISLAMABAD, July 2 (APP): Pakistan's Mohammad Tariq will play for Bengal Warriors in the cash-rich Pro Kabaddi League (PKL) this season.
 
PCB to appoint former LCCA official as director game development
LAHORE, June 29 (APP): Pakistan Cricket Board is all set to appoint a former interim chairman of Lahore city cricket association, Aizad Hussain Syed, as the director game development, national  cricket academy, ignoring the set criteria and merit.

 
PBF distributes sports gears among players
PESHAWAR, June 28 (APP): President Pakistan Badminton Federation Mian Iftikhar Hussain Sunday said that the so called sports pundits being head of various sportsorganizations over the years did nothing apart from their joyrides tours and protocol culture that badly damped Pakistani sports.
 
7th Ramadan Summer Squash League Matches begins
PESHAWAR, June 26 (APP): The 7th edition of the Ramazan Summer Squash League-2015 got under way here at PAF Hashim Khan Squash Complex on Friday.
 
Younis is a source of pride for every Pakistani: PCB Chairman
ISLAMABAD, Jun 25 (APP): Pakistan Cricket Board (PCB) Chairman Shaharyar Khan on Thursday termed ace batsman Younis Khan as one of the best produced by the country saying his performance is a source of pride for every Pakistani.
 
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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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