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Monday, 20 October 2014

 

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Sit-ins creating hurdles in development of country: Pervaiz Rashid -
app48-19infominister-holland.jpgROTTERDAM (Holland), Oct 19 (APP): Minister for Information, Broadcasting and National Heritage Pervaiz Rashid Sunday said the sit-ins being staged by Pakistan Tahreek-e-Insaf (PTI) and Pakistan Awami Tahrik (PAT) were creating hurdles in the country's  development.



UN to consult West African governments on coordinating global response to Ebola -
UNITED NATIONS, Oct 19 (APP): The United Nations and governments of countries at the forefront of efforts to turn back the unfolding Ebola outbreak in West Africa have agreed to ensure that the UN system adopts a coordinated approach to global support being mobilized for national-level crisis response plans, the UN said Sunday.


ASEM to provide platform for innovative ideas in culture, education: Rashid -
ROTTERDAM (The Netherlands)), Oct 19 (APP): Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid has said that 6th Asia-Europe Culture Ministers’ Conference (ASEM) will provide an opportunity for innovative ideas and practices in the fields of culture, education, science and business.


Pakistan calls for upholding principle of equal and undiminished security for all states -
UNITED NATIONS, Oct 18 (APP) Pakistan has accused major nuclear weapon states of paying only “lip service” to achieving global nuclear disarmament, despite their claims of supporting that goal, and stressed the need for upholding the principle of equal and undiminished security for all states.


Pakistani diplomatic missions in US dedicated to serving Pakistani community: Ambassador Jilani -
WASHINGTON, Oct 18 (APP): The Pakistani Embassy in Washington Saturday hosted the first Convention  of Pakistani-American Community, with Ambassador  Jalil Abbas Jilani telling participants that welfare of Pakistani-American community was the top priority of the Government of Pakistan.


Sport News
Miandad sees Test series as a comeback to form for Misbah
ISLAMABAD, Oct 20 (APP): Legendary Batsman, Javed Miandad sees the Pakistan-Australia Test series as a comeback one for the skipper Misbah-ul-Haq saying Misbah should aim in winning the series and regain his lost form.
 
Pakistan capable of toppling Aussies despite difficulties: Bari
KARACHI, Oct. 19 (APP): Pakistan team is capable of topping  formidable Australian team despite their problems in one-day series and one-off T20 match, former Pakistan captain Wasim Bari said on Sunday.
 
16-member squad announced for 1st test
LAHORE, Oct 18 (APP): The PCB selection committee on Saturday announced the 16-member Pakistan cricket team squad for the first test match against Australia from October 22 (Wednesday).
 
3 uncapped players named in test squad
LAHORE, Oct 18 (APP):Three uncapped players have been named in the test squad announced for the first test match between Pakistan and Australia from October 22 (Wednesday).
 
Test squad: A blend of youth and experience says Moin Khan
LAHORE, Oct 18 (APP): Chief Selector Moin Khan has said that the 16-member test squad for the first test between Pakistan and Australia is a nice blend of experience and youth and has been selected in view of the  next year’s ICC Cricket World Cup 2015.
 
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Debt servicing surcharge not to burden electricity consumers - Imran will have to give up demand for PMs resignation: Aitezaz - Chief Naval Staff facilitated on assuming charges - Forex reserves to improve further by December end: Dar - PM meets Governor - Security plan finalized for President\'s visit to GB
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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