Home
 

Today is,

Wednesday, 23 July 2014

 

Home | About Us | News | User Login | Jobs | Contact Us | Tender Notices
Untitled Document
Main Menu
Home
News
Blog
Links
Search
Contacts
Seniority List
News Section
National
World
Sport
Business
Forex
Weather
Articles & Features
World News
UN Security Council slams persecution of Iraqi minorities -
UNITED NATIONS, July 22 (APP): The U.N. Security Council has denounced the persecution of Christians and other minority groups in northern Iraq, who have come under direct attack by the group known as the Islamic State of Iraq and the Levant (ISIL) and its allies. 


UN Security Council condemns downing of Malaysian jet, calls for international probe -
UNITED NATIONS, July 22 (APP):The Security Council Monday voted to approve a resolution calling for an international investigation into last week's downing of a Malaysia Airlines flight in eastern Ukraine, and demanded that armed groups allow unfettered access to the crash site and ensure that its integrity is maintained.


UN issues emergency appeal to meet humanitarian needs in Gaza -
UNITED NATIONS, July 22 (APP): The U.N. agency assisting Palestinian refugees has issued an emergency appeal for $60 million to respond to the urgent humanitarian needs of the people of Gaza, including tens of thousands who have fled their homes in the wake of the deadly Israeli military offensive.


PM performs Umrah, prays for Pakistanís progress, prosperity -
MAKKAH MUKARAMMA, July 21 (APP): Prime Minister Muhammad Nawaz Sharif who arrived here in the early hours of Monday performed Umrah and prayed for the progress, prosperity, solidarity and bright future of Pakistan.


PM to perform Umrah, pray for Pakistanís progress, prosperity -
JEDDAH, July 21 (APP): Prime Minister Mohammed Nawaz Sharif who arrived here in the early hours of Monday will perform Umrah and pray for the prosperity, solidarity and progress of Pakistan and its people.


Sport News
India-Pakistan not to participate in Asian Games Men Cricket
ISLAMABAD, July 22 (APP): India and Pakistan would not be participating in the September’s Asian Games giving a massive loss to the Games as their presence would have guaranteed massive interest and wide television coverage.
 
Pakistan pursuing policy of peaceful relations in region: Tariq Fatemi
WASHINGTON, July 21 (APP): Pakistan is pursuing a policy of promoting peaceful relations with all neighboring countries including Afghanistan, India and wants to resolve all outstanding issues with New Delhi through dialogue, Tariq Fatemi, Special Assistant to Prime Minister, said.
 
T-20 floodlight fund raising cricket match on 24th
FAISALABAD, July 20 (APP): A T-20 floodlight fund raising cricket match for IDPs of North Waziristan will be played at Iqbal stadium here on July 24, in collaboration with Punjab Sports Board and Pakistan Cricket Board.
 
Umer Akmal to improve his shot selection in Test matches
KARACHI, July 20 (APP): Pakistan's highly rated batsman Umer Akmal is looking to improve his shot selection after being recalled in the Test team after three years.
 
Pakistan A beat Hamza Shahbaz XI by 60 runs
ISLAMABAD, July 19 (APP): Pakistan A beat Hamza Shahbaz XI by 60 runs in a fundraising cricket match kept for the internally displaced persons (IDPs) of North Waziristan Agency (NWA) at Rawalpindi Cricket Stadium.
 
Archive
Latest News
Foreign companies taking keen interest in Pakistan: Zubair - Delegation of Mckinsey meets Shahbaz - Mashhood criticises Imran, Qadriís statements - Meeting reviews progress on Metro bus project - Parliament best forum for electoral reforms: PILDAT - Pakistan, India to honour bilateral agreements: Indian envoy
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.
 

     

Budget 2014-2015
Federal Budget
Highlights 2014-2015
Punjab Budget
Sindh Budget
KPK Budget
Balochistan Budget
A.J.K Budget
Gilgit Baltistan Budget
Earthquake News
Balochistan Earthquake 2013 News
Elections 2013
Elections 2013 News
Chinese Premier Visit to Pakistan
Chinese Prime Minister Visit to Pakistan Chinese Prime Minister Visit to Pakistan
Code of Conduct
Code of Conduct
Manifestos of Parties
Manifestos of Political Parties
Independence Day News
Independence Day News
Economic Survey
Economic Survey 2013-2014
Presidential address to the joint sitting of parliament
Presidential address to the joint sitting of parliament
Profiles
Profile of the President
Profile of Prime Minister
Profiles of Chairman and deputy Chairman Senate
Profiles of Speakers and Deputy Speakers
Profile of Governors
Profiles of Chief Ministers
Profiles of Federal Ministers
Portfolios of Federal Ministers
Portfolios of Provincial Ministers
Parlimentary Proceedings
National Assembly
Senate
Latest News