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Pakistan renew its commitment to UN peacekeeping at first-ever defence chiefs conference -
UNITED NATIONS, Mar 28 (APP): Pakistan has renewed its commitment to the “noble cause” of United Nations peacekeeping, the world body’s flagship activity that helps countries torn by conflict to create the conditions for lasting peace.


At UN, Pakistan urges action to end violence against religious, ethnic minorities in Mideast -
UNITED NATIONS, Mar 28 (APP):  Pakistan Friday called for U.N. Security Council action to end the religiously and ethnically-motivated violence sweeping the Middle East by promoting a global consensus for resolving the challenges confronting Iraq, Syria, Yemen and “most importantly” Palestine.


US says Pakistan making sincere effort for Afghan peace -
WASHINGTON, March 28 (APP): Pakistan is making a “sincere effort” towards Afghan peace and it wants to make the best use of the “new environment” by aiding a negotiated political settlement to the conflict in the neighboring country, U.S. Special
Representative Dan Feldman said.


UN leader calls on defence chiefs for ‘unity and backing’ on UN peacekeeping -
UNITED NATIONS, Mar 27 (APP): At the first-ever United Nations Chiefs of Defence Conference Friday,  Secretary-General Ban Ki-moon appealed to senior military officials for more troop contributions from States around the world and for political will and purpose.


IMF okays release of $ 501.4 million for Pakistan -
WASHINGTON, March 27 (APP): The International Monetary Fund (IMF) Friday approved immediate release of $ 501.4 million tranche for Pakistan as the Fund’s Executive Board completed the sixth review of Pakistan’s economic performance.


Sport News
Australia skipper Clarke decided to quit ODI cricket after World Cup

From Ehsan Qureshi

MELBOURNE, March 28 (APP): Australian skipper Michael Clarke has decided to retire from One-Day Internationals after Sunday’s Cricket World Cup (CWC) final against New Zealand here at the Melbourne Cricket Ground (MCG).

 
Aussies enjoys edge but Kiwis can topple them with fighting spirit in CWC final on Sunday

From Ehsan Qureshi

MELBURNE, March 28 (APP): Though Australia enjoyed the edge but fighting qualities, innovative brand of the game and flair can help New Zealand to topple the favorites in the final of Cricket World Cup (CWC) here on Sunday.

 
NZ captain McCullum rates his team’s chances as 50-50 in World Cup final

From Ehsan Qureshi

MELBOURNE, March 28 (APP): New Zealand captain Brendon McCullum Saturday rated his team’s chances against Australia in the Cricket World Cup final as 50-50.

 
ICC Cricket World Cup 2015 breaking records, capturing hearts: Richardson
MELBOURNE, March 28 (APP): ICC Cricket World Cup 2015 has been a record-breaking tournament and has cemented the event’s position as one of the most popular sporting spectacles in the world, according to statistics released here on Saturday.
 
President SFP serves notice on Haider Lehri for holding illegal elections
KARACHI Mar. 26 (APP): President Softball Federation of Pakistan (SFP) Mohammed Saleem Khan has issued show cause notice to federation’s secretary general Haider Lehri for holding unconstitutional elections of the federation at Lahore on March 21 last.
 
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CM approves Rs 150b Khadim-e-Punjab Rural Roads Programme - NAB chairman urges Multan bureau official to work for curbing corrup... - Delegation of Afghan journalists arrive - Terrorism to be eliminated in totality all over country: COAS - PR making efforts for its uplift - Terrorism to be uprooted completely: Pak 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.
 

 

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