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Friday, 09 October 2015


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UN official urges global compact on refugee and asylum matters -
UNITED NSATIONS, Oct 9 (APP): A senior official in the Office of the United Nations High Commissioner for Refugees (UNHCR) Friday warned of a growing risk to people fleeing conflict and persecution and called for “an all-out effort to ensure that protection, and in particular the institution of asylum, remains life-saving, non-political, and fundamentally humanitarian.”

UN chief calls for internal probe over corruption claims against Ex-UNGA president -
UNITED NATIONS, Oct 9 (APP): UN Secretary-General Ban Ki-moon has ordered an internal probe of the dealings between the UN and two companies whose executives have been linked to a "serious" bribery scandal involving former President of UN General Assembly John Ashe, according to a UN spokesman.

Zeid urges calm and restraint in West Bank amid deadly escalation -
UNITED NATIONS, Oct 8 (APP): UN High Commissioner for Human Rights Zeid  Ra'ad Al Hussein said Thursday he was extremely concerned about increased tensions and violence in Occupied Palestinian Territory,

UN envoy urges action to make roads safe for school children -
UNITED NATIONS, Oct 8 (APP): Marking International Walk to School Day, Jean Todt, the United Nations Special Envoy for Road Safety, has called for urgent action to halt road deaths and traffic accidents, which, according to the World Health Organization (WHO), kill some 500 children a day.

At UN, Pakistan calls for debt relief to ensure economic development, prosperity -
UNITED NATIONS, Oct 8 (APP): With the adoption of the anti-poverty 2030 Agenda for Sustainable Development, Pakistan has called for the establishment of a multilateral legal framework to tackle the external debt problem so as to ensure development, economic growth and prosperity.

Sport News
Amir should play more domestic cricket: Azhar Mahmood
ISLAMABAD, Oct 9 (APP): Former all-rounder Azhar Mahmood feels pacer Muhammad Amir should play more domestic cricket saying this way it will give his body more time to get stronger and avoid the situation where he breaks down with an injury when playing international cricket.
Yousuf calls for appointing Saqlain as spin bowling head
ISLAMABAD, Oct 9 (APP): Former Test Cricketer Mohammad Yousuf has said that Saqlain Mushtaq is the best off-spinner available and should be the head of spin bowling in National Cricket Academy.
Shahbaz believes juniors can help restore Pakistanís lost pride
ISLAMABAD, Oct 9 (APP): Secretary Pakistan Hockey Federation (PHF) Shahbaz Ahmed Senior believes that at least two to three years are required to put Pakistani hockey back on track.
Peshawar, Islamabad to vie in Blind Champions Trophy final
ISLAMABAD, Oct 8 (APP): Peshawar and Islamabad marched into final of Third Prime Minister of Pakistan Blind Cricket Champions Trophy 2015 after defeating their respective opponents here at CDA Cricket Ground F-9 Park.
England will pose a stiff challenge, says Misbah
KARACHI, Oct. 8 (APP): Pakistan will face a stiff challenge from England team in the three match cricket series, skipper Misbah ul Haq said on Thursday.
Latest News
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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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