Monday, January 13th, 2020
Fitch ratings has affirmed Pakistan’s sovereign credit rating at B-
ISLAMABAD, JAN 13 (DNA) – Fitch took note of the improved external resilience due to the policy actions taken by the Government. Going forward, Fitch forecasts further narrowing of the current account deficit to 2.1 percent of GDP in FY20 and 1.9 percent in FY21, from 4.9 percent in the last fiscal year. The Rating Agency has also appreciated the adoption of a flexible exchange rate by the State Bank of Pakistan. According to Fitch, with the reform agenda on track as evident from the successful review of the arrangementRead More
Govt pursuing agenda of promoting exports: Dawood
ISLAMABAD, JAN 13 – Advisor on Commerce Abdul Razak Dawood says e-commerce policy will help eliminate corruption and improve performance. Speaking at a function in Islamabad today, he said e-commerce policy has been prepared with consultation of partners. The Advisor said the policy will play an important role in projecting Pakistani products abroad. He said the government is pursuing the agenda of promoting exports. Abdul Razak Dawood said we have started moving in the right direction in economy.
Pakistan lodges strong protest with India over ceasefire violations
ISLAMABAD, JAN 13 – Indian Charge d’Affaires, Gaurav Ahluwalia was summoned by the Foreign Office today to register Pakistan’s strong protest at the ceasefire violation by Indian occupation forces along the Line of Control in Kotkotera and Karela Sectors on 11 January 2020, resulting in the shahadat of an innocent civilian. Due to indiscriminate and unprovoked firing by the Indian forces, a 24 year old, Muhammad Ishtiaque from Chowki village of Tehsil and District Khuiratta had embraced shahadat. Condemning the targeting of innocent civilians by the Indian occupation forces, DirectorRead More
New measures to help achieve $24 billion remittances target for FY 2020
ISLAMABAD, JAN 13 (DNA) – The growth in foreign remittances that soared to $ 11.4 billion during the July-December period of FY 2020 is likely to continue for the rest of the year due to a host government measures that may help achieve the target of $ 24 billion set for the financial year 2020. “Due to this increasing trend in remittances, the target of $ 24.0 billion at the end of FY2020 is likely to be achieved as the data of last five years suggests that the workersRead More
CJCSC General Nadeem Raza visits Naval Headquarters
ISLAMABAD, JAN 13 (DNA) – Chairman Joint Chiefs of Staff Committee (CJCSC), General Nadeem Raza called on Chief of the Naval Staff Admiral Zafar Mahmood Abbasi at Naval Headquarters, Islamabad. It was the first visit of the dignitary after assuming the office as CJCSC. Upon arrival, the General was received by Chief of the Naval Staff.A smartly turned out contingent of Pakistan Navy presented Guard of Honour. Thereafter, the dignitary was introduced to the Chiefs of Staff andPrincipal Staff Officers. Later, the Chairman JCSC called on Chief ofRead More
KP’s merged areas’ development Govt’s top priority: PM
ISLAMABAD, JAN 13 – Prime Minister Imran Khan says development of merged areas of Khyber Pakhtunkhwa and bringing them at par with other parts of the country is government’s top priority. He was chairing a review meeting on the issues related to energy, higher education, health, and development projects of merged areas of Khyber Pakhtunkhwa in Islamabad today. The Prime Minister said some elements are trying to disturb peace of these areas, but we have to defeat such elements by keeping the people of these areas informed about the developmentRead More