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Friday, 22 August 2014

 

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Pakistan urges UNSC to make full use of diplomacy for resolution of conflicts -
UNITED NATIONS, Aug 22 (APP): At the United Nations Security Council today Pakistan urged the Council to make full use of the preventive diplomacy tools at its disposal under Chapter VI "especially mediation, arbitration, inquiry, judicial settlement, involvement of regional organizations,the Secretary General's good offices" to defuse tensions and  to resolve conflicts that were simmering just below the surface but threaten to explode.


US favors dialogue, peaceful expression of view -
WASHINGTON, Aug 21 (APP): The United States thinks there needs to be a political dialogue, in the face of marches by Opposition parties in Islamabad, and it also favors peaceful expression of view, the State Department said Thursday.



Prolonged “sit-in” harming Pakistan’s Int’l Image: Javed Malik -
LONDON, Aug 21 (APP): Pakistan’s Ambassador at Large Javed Malik has said that the ongoing “Sit-in” (Dharna) at the country’s federal capital is detrimental to the country’s global image because it sends a negative message to international business community.


Obama says entire would appalled byAmerican journalist's killing by ISIL -
WASHINGTON, Aug 20 (APP): U.S. President Barack Obama strongly condemned the killing of an American journalist, saying "the entire world is appalled by the brutal murder of Jim Foley by the terrorist group, ISIL."


UN mission in Afghanistan concerned over acts of intimidation against journalist -
UNITED NATIONS, Aug 21 (APP): The United Nations mission in Afghanistan has expressed its concern about the acts of intimidation against New York Times reporter Matthew Osenberg, who on Tuesday was banned from leaving the country and told that he was being investigated  for an article he had written.


Sport News
Jessica stars in Australian win over Pakistan women in Ist ODI
KARACHI, Aug. 21 (APP)- Jessica Cameron slammed a sparkling unbeaten 58 to lead World Champion Australia to six wickets over Pakistan women in the first One-Day International at Brisbane Oval on Thursday.
 
Tight wins for Pakistan teams in Asian Team Snooker
KARACHI, Aug. 21 (APP)- Pakistan “A” and “C” faced a strong challenge before beating their respective opponents on the opening day of Asian Team Snooker Championship on Thursday.
 
Inform Sarfraz should has been retained for ODI series: Nasim-ul-Ghani
KARACHI, Aug. 21 (APP)- Veteran Test cricketer Nasim-ul-Ghani has expressed his surprise over leaving out inform wicket-keeper/batsman Sarfraz Ahmed from the three match One-Day International (ODIs) against sri Lanka starting in Hambantota from Saturday.
 
Hashim Khan Memorial Int’l Pakistan Circuit-II begins in City
PESHAWAR, Aug 21 (APP): Pakistan International Circuit-II Squash Tournament which named after legendary Hashim Khan Memorial to pay him rich tribute got under way here at PAF Hashim Khan Squash Complex on Thursday.
 
Australia beat Pakistan by four-wickets
ISLAMABAD, Aug 21 (APP): The Commonwealth Bank Southern Stars have kicked off their 2017 Women’s World Cup qualification campaign with a four-wicket win over Pakistan Thursday at Redlands Cricket Club in Brisbane in a match that marked the launch of the new ICC Women’s Championship.
 
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Latest News
Doors opened for negotiations by govt: Pervaiz Rashid - PM rules out use of force against protestors; reiterates dialogue - US says engaged with Pakistan, India following cancellation of peace... - There is an emerging consensus to protect constitution: Ahsan Iqbal - Pervaiz Rashid rules out crackdown against protestors - Imran Khan should hold dialogue: Khursheed Shah
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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