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Thursday, June 2nd, 2016


Pakistan achieves GDP growth rate of 4.7pc during outgoing financial year

ISLAMABAD, 02 JUNE (DNA) – Government on Thursday presented National Economic Survey 2015-16 while Finance Minister Ishaq Dar said that the government had completed its three fiscal years as economic development had reached to 4.7pc. The survey also revealed that economic targets could have been achieved if cotton production could be increased while lack of production lead to GDP decline by 0.5pc. Dar also said that agriculture sector had been affected in the wake of reduction of cotton price in the international market. Dar promised to announce bigger package forRead More

Pak Army will always come up to expectations of nation: COAS

RAWALPINDI, 02  (DNA) –  A day-long Formation Commanders’ Conference, presided over by Chief of Army Staff (COAS) General Raheel Sharif, was held at General Headquarters on Thursday. The conference was attended by Corps Commanders, Principal Staff Officers and all Formation Commanders, an ISPR news release said. The participants were given comprehensive briefing on prevailing internal and external security situation of the country. They also held exhaustive discussion on professional matters. The COAS in his address while underscoring multiple and complicated challenges faced by Pakistan, expressed his optimism saying that PakistaniRead More

Proposed budget defies the spirit of Fiscal Federalism: Sherry

Call Indian atrocities “terrorism” & may be then world will notice: Sherry

ISLAMABAD, 02 (DNA) – Vice President PPPP Senator Sherry Rehman has questioned the skewed distribution of funds in the forthcoming budget, saying that the share of Sindh’s development outlay proposed by the federal government defies the spirit of fiscal federalism. Commenting on the budget document approved by the National Economic Council yesterday, Rehman said that the provincial allocations made in the document exhibit an alarming bias towards the electoral strongholds of the ruling party. “his is not a “federal” budget. It’s a politically parochial budget. It ignores the needs ofRead More

Ban Ki Moon hails Pakistan’s peace efforts

NEW YORK, 02 JUNE (DNA) – UN Secretary General Ban Ki Moon on Thursday said Pakistan has been one of the most consistent and reliable contributors to United Nations peacekeeping since its first deployment to the Congo in 1960. In his remarks in connection with Pakistani Peacekeepers Day, he paid rich tributes to Pakistani peacekeepers. The Secretary General said, through the decades, Pakistan has deployed more than 150,000 personnel to 41 peacekeeping missions in 23 countries. He said today, more than 7,000 uniformed personnel from Pakistan are serving in sevenRead More

US announces $21 million in food assistance for Pakistan

ISLAMABAD, 02 JUNE (DNA) –   US Agency for International Development Mission Director John Groarke announced Thursday a new U.S. contribution of $21 million in food assistance to feed malnourished individuals in Pakistan. The United Nations World Food Programme (WFP) will use the U.S. financial contribution to turn approximately 26,000 metric tons of Pakistani government-provided wheat into fortified flour, which will be distributed to those who need it most.  WFP will also use USAID funds to purchase and distribute more than 6,500 tons of food to families, especially in the Federally AdministeredRead More

Aizaz seeks a sustained, comprehensive partnership with EU

Aizaz invites India for dialogue

BRUSSELS, 02 JUNE (DNA) –   Foreign Secretary Aizaz Ahmad Chaudhry has sought a sustained and comprehensive partnership with the European Union (EU) with particular emphasis on economic content. Aizaz Ahmad Chaudhry, while leading a delegation at the third Round of Political Dialogue with the EU held in Brussels, expressed satisfaction at the upward trajectory of Pakistan – EU relations and appreciated the EU for extending GSP+ facility, which had helped stimulate trade relations between Pakistan and Europe. According to Foreign Office press release, Aizaz Chaudhry said the foreign secretary alsoRead More