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Monday, 15 September 2014

 

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Pakistan lauds UNICEF for providing succour to Palestine’s war-affected children -
NEW YORK, Sept 13 (APP): Pakistan has commended the hard work of the United Nations Children’s Fund in addressing the complex needs of Palestinian children, including the psychological impact of the recent Israeli invasion of Gaza, and urged the agency to keep the situation under watch.


UN urges greater humanitarian, development support for riot-hit Myanmar state -
UNITED NATIONS, Sept 12 (APP): Two senior U.N. officials have called for increased humanitarian assistance and development efforts to meet the needs of all communities in Myanmar's Rakhine state, the scene of deadly communal clashes since 2012, following a visit there this week.


Senior UN officials urge Member States to craft bold, pragmatic post-2015 agenda -
UNITED NATIONS, Sept 12 (APP):  With an intense and important year ahead, U.N. member states must work to build a framework that will sustain and finish what was accomplished with the landmark Millennium Development Goals (MDGs) in the fight against poverty, hunger and disease, while rising to challenges old and new not least climate change.


UN chief stresses national unity government in Afghanistan in phone calls to presidential rivals -
UNITED NATIONS, Sept 11 (APP): In separate phone calls to Afghan presidential candidates—Abdullah Abdullah and Ashraf Ghani—UN Secretary-General Ban Ki-moon has stressed the need for both of them to abide by their commitments and conclude the agreement on a government of national unity, a world body spokesman said Thursday.


Ambassador Jilani meets key U.S. Senator Johnson -
WASHINGTON, Sep 11 (APP): Pakistan's ambassador to the United States Jalil Abbas Jilani held a meeting with Senator Tim Johnson on the Capitol Hill Senator to discuss Pakistan-U.S. relations.


Sport News
Shahnaz leaves with high hopes for Asian Games
ISLAMABAD, Sep 12 (APP): National hockey team coach Shahnaz Sheikh on Thursday along with the national team left to participate in the 17th Asian Games with high hopes for defending the title saying his extensive hard-work on the green-shirts would definitely pay him back.
 
Pakistan taekwondo squad to participate in Asian Games
ISLAMABAD, Sept 11 (APP): Pakistan taekwondo squad will be participating in the 17th Asian Games scheduled to be held in Incheon, Korea from September 19 to October 4.
 
Players to get a salary cut, if not passed fitness test
ISLAMABAD, Sep 11 (APP): Pakistan players who are centrally contracted to the Pakistan Cricket Board (PCB) could lose 25 percent of their salary if they fail to match fitness levels prescribed by the National Cricket Academy (NCA).
 
Difficulties removed in training camp: Shahnaz Sheikh
ISLAMABAD, Sept 10 (APP): National hockey team coach Shahnaz Sheikh on Wednesday said the players have been focused in removing all their physiological and mental difficulties in the training camp kept for preparation of the Asian Games here at Naseer Bunda Hockey Stadium.
 
Cricketers come out in support of troubled Ajmal
ISLAMABAD, Sep 10 (APP): Former cricketers came out in support of Saeed Ajmal after the Pakistan off-spinner was Tuesday suspended by the International Cricket Council (ICC) for an illegal bowling action.
 
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Latest News
Pervaiz asks Qadri to disfigure Canadian currency first - Dar warns Qadri against misleading people on scribbling notes - Pakistan Embassy in UAE establishes PM\'s flood relief fund - Defence minister grieved over boat incident - PM expresses grief over loss of lives in Multan boat incident - Namaz-e-Janaz of Naib Subedar Anab held at Multan Cantt: ISPR
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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