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Tuesday, 23 December 2014

 

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Two NY policemen shot dead while sitting in patrol car -
NEW YORK, Dec. 21 (APP): Two New York City police officers were shot  dead while sitting in their patrol car on Saturday in Brooklyn.



Two NY policemen shot dead while sitting in patrol car -
NEW YORK, Dec 21 (APP): Two New York City police officers were shot dead while sitting in their  patrol car on Saturday in Brooklyn.


Pakistani-Americans pray for the victims of terrorist attack in Peshawar -
NEW YORK, Dec 20 (APP): A large number of Pakistani-Americans on Friday visited the Pakistan House in New York to pay homage to the innocent children and their teachers who were killed in a deadly Taliban attack against their school in Peshawar.


At U.N., Pakistan pledges total annihilation of terrorists as it counters their ‘savage’ attacks -
UNITED NATIONS, Dec 20 (APP): A senior Pakistani diplomat has pledged the total annihilation of terrorism from his country as he denounced the “heinous and barbaric” attack on the Army Public School in Peshawar, killing over 100 children.


Pakistan embassy holds Quran Khawani for Peshawar victims -
WASHINGTON, Dec 20 (APP): The Pakistani embassy here held Quran Khawani to pray for the innocent children and staff of Peshawar Army Public School killed in an appalling terror attack this week.


Sport News
Team Bilal grabs to honor in KBA Bridge
KARACHI, Dec 22 (APP): Team Bilal grabbed the Karachi Bridge Association (KBA) weekly title by accumulating 56.54 Victory points (VPs) at Aslam Hall, KBA announced on Monday.
 
Rookie Manzoor, Azhar make NBP batsmen struggle in Quaid Trophy final
KARACHI, Dec. 22 (APP)- Rookie paceman Manzoor Khan and Test batsman Azhar Ali shared five wicket between them as National Bank of Pakistan (NBP) batsmen struggled as they reached 239 for the loss of eight wickets in their first innings in their 5-day Quaid-e-Azam Cricket Trophy Gold League final against Sui Northern Gas Pipelines Ltd (SNGPL) on Monday.
 
Athletic coaches course concludes
ISLAMABAD, (APP): A five-day course for athletic coaches concluded on Monday here at Jinnah Hall, Pakistan Sports Complex, Islamabad.
 
Tendulkar announced as ICC Cricket World Cup 2015 Ambassador
KARACHI, Dec. 22 (APP)- The International Cricket Council (ICC) Monday announced Sachin Tendulkar as the ICC Cricket World Cup 2015 Ambassador.
 
Younis Khan becomes oldest Pakistani to score a century in ODI
ISLAMABAD, Dec 18 (APP): Although Younis Khan’s hundred in the third ODI against New Zealand at Abu Dhabi went in vain, he did create a record on the way, becoming the oldest Pakistani batsman to score a one-day hundred.
 
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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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