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UN rights chief voices concern over 'disproportionate' killing of African-Americans by US police -
UNITED NATIONS, Nov 26 (APP): The decision by a Grand Jury in Missouri to absolve a police officer for the fatal shooting of an African-American teenager has spotlighted broader concerns about institutionalized discrimination across the United States, the top United Nations human rights official has said.


No structured meeting between Nawaz, Modi: Sartaj -
By Shafek Koreshe

KATHMANDU (Nepal), Nov 26 (APP): Though Prime Minister Muhammad Nawaz Sharif and his Indian counterpart Narendra Modi have been under one roof at SAARC Summit and in the same hotel, Advisor to Prime Minister on Foreign Affairs Sartaj Aziz dismissed chances of any "structured meeting" between the two.


PM, other SAARC heads attend cultural programme -
KATHMANDU (Nepal), Nov 26 (APP): Prime Minister Muhammad Nawaz Sharif along with heads of other member states on Wednesday attended a cultural programme followed by a banquet in their honour.


PM meets leaders of Nepal, Sri Lanka, Maldives, Bangladesh, Bhutan -
app37-26pm-kathmandu.jpgKATHMANDU (Nepal), Nov 26 (APP): Prime Minister Muhammad Nawaz Sharif on Wednesday held a series of important bilateral meetings on the sidelines of 18th SAARC Summit.


Pakistan to host 19th SAARC summit in Islamabad -
KATHMANDU, Nepal, Nov 26 (APP): Pakistan will host the 19th summit of South Asian Association for Regional Cooperation (SAARC) in Islamabad.


Sport News
KPK clinch Inter-Provincial Judo Championship
ISLAMABAD, Nov 26 (APP): Khyber Pakhtunkhwa (KPK) won the 5th Inter-Provincial Judo Championship on Wednesday here at Hamidi Hall, Pakistan Sports Complex.
 
Sajjad beats Jones to top group in IBSF World Snooker
KARACHI, Nov 26 (APP): Pakistan's ace cueman Muhammad Sajjad ended his league outing in the IBSF World Snooker Championship in style by registering his sixth straight win in Bangalore (India) Tuesday night.
 
Miandad backs Kenyan team's tour to Pakistan
ISLAMABAD, Nov 26 (APP): Legendary batsman Javed Miandad while backing the Kenya next month's tour to Pakistan said if this visit fails to bring in other foreign teams here than it would prove an expensive gamble for the Pakistan Cricket Board.
 
Pakistan skiing contingent arrives in Austria
PESHAWAR, Nov 26 (APP): A Ski Federation of Pakistan (SFP) contingent comprising one male and a female athlete has reached Austria to participate in International Ski Federation (FIS) Alpine Training Camp. The FIS Alpine Training Camp is organized each year in Stubaital and Hintertux, Austria under the FIS Development Program. 
 
Two-member SFP to participate in Alpine Training Camp
ISLAMABAD, Nov 26 (APP): A two-member contingent of Ski Federation of Pakistan (SFP) has departed to Austria for participation in the International Ski Federation (FIS) Alpine Training Camp.
 
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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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