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Four killed in US drone attack in Kurram Agency along Afg border2017/09/16
PESHAWAR: At least four people were killed in a suspected US drone attack in Kurram Agency along the Pak-Afghan border Friday afternoon. 
According to Political Administration of Kurram Agency, the drone targeted a house in Khormanak village of the Agency.
Baseer Khan Wazir, the most senior administrator in the Kurram Agency, said the drone strike took place close to the border with Afghanistan ...

Gen Nadeem visits affected area on LoC2017/09/16

RAWALPINDI: Corps Commander Rawalpindi Lieutenant General Nadeem Raza visited areas affected by Indian troops' firing on Line of Control (LoC).
According to Inter-Services Public Relations (ISPR), the Corps Commander arrived in the sectors which were targeted by Indian Army in past few days ...

Recovery in exports good for our economy: Bajwa2017/09/16
KARACHI: Governor SBP, Tariq Bajwa has said that recovery in exports that started in the second half of FY17 and continued in the current fiscal year bodes well for country's economy. "Exports have shown positive growth during the last six months", he elaborated adding, "In fact, during the last three months, exports have grown by 13.2 percent, which shows that the decline in exports seems to have finally reversed", says a Press release.
He was addressing to a delegation of Pakistan Business Council that called on him and the senior management at SBP headquarters Friday.
Governor SBP said the data of first two months of the current year points to recovery in key external indicators, particularly remittances, exports and FDI. "Workers' remittances grew by 13.2 percent to US$ 3.5 billion in Jul-Aug 2017 and inflows from all major corridors were higher as compared to Jul-Aug 2016.  
Bajwa elaborated that the country's economy is increasingly becoming attractive for investment with continuation of supportive economic policies. "I believe at this juncture, it offers a lot of opportunities for businesses to grow and expand", he said.
The Governor said that the pace of expansion in the economy accelerated for the third consecutive year in FY17 amid improving security situation and better energy supply.  It grew by 5.3 percent in FY17, compared to 4.6 percent last year. The growth was not only the highest during last ten years but also broad-based. All the three major sectors - agriculture, industry, and services - contributed to acceleration in growth.
Mr. Bajwa pointed out that the accommodative monetary policy has played a key role in providing boost to private sector credit demand.  Policy Rate has come down from 10 percent in October 2014 to only 5.75 percent.  Historic low interest rates were instrumental in taking the private credit growth of 16.8 percent in FY17, over and above 11.2 percent a year ago.  
The overall expansion in private credit stood at Rs 747.9 billion during FY17. "Remarkably", said the Governor, "About 40 percent of the expansion in credit was meant for fixed investment". On the supply side, a healthy deposit growth improved the liquidity of the banking system. 
The latest data shows the trends in private sector are continuing in FY18. A much lower net retirement in private sector credit of Rs 75.5 billion from July 1st to September 1st 2017 compared to a net retirement of Rs 224.3 billion in the corresponding period last year indicates that private sector has borrowed more credit during FY18 so far. This with a robust growth of 40% in import of machinery group in 2016-17 augurs well for future growth.
"In terms of agriculture", said the Governor, "We are a low productivity economy and SBP is doing whatever it takes to improve that". Availability of credit is one aspect. Government had set a target of Rs.1001 m but that was a broad target. Though the last year target was largely met, but the number of borrowers has actually gone down. It implies that the money was going towards processing but it was not going towards production. The Governor said that agriculture sector is now specifically focused with availability of pesticides and fertilizers. The Governor said that the SBP is also contacting private sector for agricultural extension services in order to boost productivity.

Verdicts not changed thru anti-judiciary drive: Elahi2017/09/16

LAHORE: Pakistan Muslim League (PML) senior central leader and former Deputy Prime Minister Ch Parvez Elahi has said that legal verdicts do not change by running anti-judiciary campaign and road show, people are with the Supreme Court and its decisions enjoy full endorsement and support of the people.
He said this while answering questions from the media after rejection of review petitions against verdict of the Supreme Court in the Panama case regarding Nawaz Sharif and his family here Friday.
Ch Parvez Elahi termed this verdict of the five members bench of the Supreme Court in accordance with the merit and legal requirements.
He said on a question that the learned judges during hearing of the Panama case had given full time to Nawaz Sharif family to produce defence and proof as well to present their stance but they could not produce no such proof during the hearing.
In reply to another question, Ch Parvez Elahi said that during hearing of the review petitions also the accused were given full time but they could not produce anything new and failed to present any legal point also in their favour but outside the court continued with their anti-judiciary statement mongering campaign although by running anti-judiciary campaign, road show, raising hue and cry and by repeatedly saying "mujhey kiyon nikala" (why thrown me out), legal verdicts are not changed for this concrete proof and legal references are essential but Sharif family had nothing to say in their defence either earlier or now then this verdict had to come. - NNI

More stadiums to be set up in Balochistan: Senate told2017/09/16
ISLAMABAD: Minister for Inter Provincial Coordination Mian Raiz Hussain Pirzada Friday apprised the Senate that more stadiums would be set up in Balochistan for promotion of cricket in the province.
Replying to various questions during Question Hour, the minister said law and order situation has significantly improved in the province and there was dire need to promote sport activities. He said the country's sport system has been set up at region and district levels adding usually the districts organizations organized various tournaments.
To another question, the minister said a four member Review Committee was set up with Naushad Ali (Test Cricketer) as Chairman to evaluate and assess national cricket team failure in world cup 2003. 
The committee recommended that the Regions should be formed along with some additional districts to be tagged in with a particular region based on the geographical locations, he added. 

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