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Sunday, 26 October 2014

 

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New York, New Jersey order Ebola quarantines -
NEW YORK, Oct 25 (APP): The governors of the US states of New York and New Jersey have announced that they are ordering a mandatory, 21-day quarantine for all doctors and travelers who have had contact with Ebola victims in the ravaged countries of West Africa.


UN slams deadly terrorist attacks in Sinai -
UNITED NATIONS, Oct 25 (APP): UN Secretary-General Ban Ki-moon and the Security Council have strongly condemned two terrorist attacks that targeted military checkpoints in the Sinai Peninsula on Friday.


New York police calls hatchet attack a ‘terrorist act’ -
NEW YORK, Oct 25 (APP): The brazen, broad-daylight attack in Queens, a borough of New York City, by a hatchet-wielding man on a group of police officers was an act of terrorism, according to police.


‘Complex web’ of crises requires human rights-based solutions: UN rights chief -
UNITED NATIONS, Oct 25 (APP): At the root of crises confronted by the United Nations usually lies a “complex web” of violations of economic, social, cultural, civil and political rights requiring solutions that can only come from more emphatic and comprehensive protections, the Organization’s top human rights official has said.


UN rights expert urges more respect, less criminalization for migrant workers -
UNITED NATIONS, Oct 25 (APP):  The lack of political will to stand up for migrant workers’ rights remains the greatest challenge to the protection of this “very vulnerable” group of human beings, a United Nations expert has affirmed.


Sport News
Legends Hanif, Miandad pay tributes to Younis for unique feat
KARACHI, Oct 25 (APP): Two legendary batsmen and former Pakistan captains Hanif Muhammad and Javed Miandad complimented Younis Khan for striking a century in each innings of a Test match against Australia in Dubai on Saturday.
 
Fazal’s unbeaten 116 put Karachi Dolphins in command in Quaid Trophy
KARACHI, Oct 25 (APP): Consistent Fazal Subhan smashed a brilliant unbeaten 116 to put Karachi Dolphins in a commanding position in third round of Quaid-e-Azam Cricket Trophy Gold League match against Zarai Taraqiati Bank Ltd (ZTBL) at National Stadium here on Saturday.
 
Blue Stars, Janbaz club advance in 7th NBP Inter-Club Soccer
PESHAWAR, Oct 25 (APP): Blue Stars and Janbaz club advanced to next round after registering victories against their respective rivals in the7th NBP Inter-Club District Mardan Football Championship being played at Younis Stadium Mardan on Saturday.
 
2nd PM of Pakistan Cricket Champion Trophy to start from Monday
ISLAMABAD, Oct 25 (APP): Second Prime Minister of Pakistan Cricket Champion Trophy for the Blind will kick off on Monday at F-9 Cricket Ground and PAF Ground.
 
Second seed Abid falls to Imran Shaukat in NBP Subh-e-Nau C’ship
ISLAMABAD, Oct 24 (APP): Second seed M. Abid was thrashed out of NBP Subh-e-Nau National Tennis Championship in semifinal of men’s singles by an unseeded player on Friday here at PTF Complex.
 
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Base year for national accounts to change every 10 years: Dar PDF Print E-mail
ISLAMABAD, Dec 11 (APP): Federal Minister for Finance, Economic Affairs Senator Mohammad Ishaq Dar Wednesday said government had decided to change the base year for national accounts after every ten years, and the next re-basing  would be held in the financial year 2015-16.Highlighting the change of base years from time to time, the Minister said that the base year for the national account was changed in financial year 1980-81, then in the year 1999-2000 and the last base year was changed in the year 2005-06.He stated this while addressing a press conference here after presiding over the meeting of the Board of Directors of Pakistan Bureau of Statistics (PBS).
Senator Dar said that previously the figures relating to economic performance were released or announced annually, but now it had been decided that these figures would be announced on quarterly basis and made public to know about the performance of the national economy.
He said that Quarterly National Accounts (QNA) for Pakistan has been prepared and presented for the first time.
He said that the QNA has been adopted on the same principles and definitions as the Annual National Accounts (ANA).
Senator Dar said that QNA will be consistent with ANA and pattern of finalization will be the same for both accounts.
The Minister said that Gross Domestic Product (GDP) for the 1st quarter (July-September) has shown growth by 5.1%.
Highlighting the fiscal position of current financial year upto November 30, 2013, the Minister said that FBR has collected a tax revenue of Rs 792 billion as against Rs 679 billion realized by FBP upto November 2012 (last year), showing a growth of 17%.
Senator Mohammad Ishaq Dar said that the government during the first quarter of the current financial year has released Rs 143 billion against the total allocation of Rs. 340 billion under Public Sector Development Programme (PSDP).
He said that budget deficit has been brought down to 2.2% equal to Rs 570 billion compared to  2.9% equal to Rs 690 billion last year.
Regarding the Foreign exchange reserves, the Minister said that reserves were falling on account of overall negative inflows.
The Minister said that Foreign exchange will improve from now onwards due to short term BOP support borrowing ($ 225 million / $ 100 million received).
He added that the second tranche of US $137 million from Islamic Development Banks (IDB) has been received.
The Minister said that IFC has announced trade financing facility of ($ 500 million) while Global rupee bond, Euro Bond $ 500 million would be launched and Financial Advisor (FA) in this regard would be appointed shortly.
Senator Ishaq Dar said that Remittance-based Bond would be launched while (FA appointment will follow Euro Bond launch.
He added that fast-track of capital-market-based disinvestment of government shares would be made while $ 1.6 billion World Bank and ADB policy loans, $ 850 million Coalition Support Fund (CSF) and $ 800 million outstanding from Etisalat would also be recovered.
Government, he said has expedited its efforts for the recovery of $800 million from Etisalat company.
He added that government has also expedited its efforts for $ 1.2 to $ 2 billion spectrum auction while overseas Pakistanis workers remittances have increased to US $ 6.4 billion showing a 7% growth.
Secretary Finance Dr Waqar Masood Khan, Advisor Finance Ministry Rana Asad Ameen, Governor State Bank of Pakistan Yasin Anwar, Secretary PBS Asif Bajwa and Chairman Federal Bureau of Revenue (FBR) Tariq Bajwa and senior officials of the ministry of finance and economic affairs were also present on the occasion.
 

     

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