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Friday, 31 October 2014

 

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Anwar to lead Pakistan A team vs NZ
KARACHI, Oct 30 (APP): Two Karachi players Saad Ali and Junaid Ilyas were picked in Pakistan ‘A’ squad to play 3-day games against New Zealand at Sharjah from November 3-5, Pakistan Cricket Board announced on Thursday.
 
Nauman, Irfan dismiss Hyderabad for 213 in QAT Silver League
KARACHI, Oct. 30 (APP)- Lanky Pakistan fast bowler Muhammad Irfan and Nuaman Ali took three wickets each as Hyderabad Hawaks were bowled out for 123 in their first innings on first day of their 4-day Quaid-e-Azam Cricket Trophy Silver League match against Khan Research Labortories  at Niaz Stadium , Hyderabad on Thursday.
 
Fiery Waqas, Bhutta shoot out Karachi Dolphins for 80 in Quaid Trophy
KARACHI, Oct. 30 (APP)- Pace duo of Waqas Maqsood and Muhammad Ali Bhutta shared ten wickets between them to shoot out Karachi Dolphins for 96 and then WAPDA consolidated their position by reaching 148-3 in their first innings on the opening day of their 4-day Quaid-Azam Cricket Trophy Gold League at National Stadium on Thursday. 
 
28 players report at National Hockey camp
KARACHI, Oct. 29 (APP)- As many as twenty eight players reported for National Hokey camp in preparations for Champions Trophy which commenced at Hockey Club of Pakistan Stadium from Wednesday.
 
Sindh squash trials for British Open Juniors on Nov.1
KARACHI, Oct. 29 (APP)- One-day trials to select provincial players for British Open Junior event will be held at Jahangir Khan Squash Complex, Pakistan Sports Board National Coaching Centre here on November 1.
 
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Sub-Committee seeks details on number of foreign nationals - NA speaker to lead parliamentary delegations to Spain, Cuba - 5,000 Afghan refugees return to Afghanistan in 2014 - Committee to submit findings on electricity overbilling by Nov 6 - Pakistan outranks India in World Bank Doing Business Index, again - Punjab Govt to provide 50,000 vehicles to unemployed youth
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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