Lowest Inflation in 12 Years Gives Pakistan Room For Rate Cut

Islamabad – Pakistan’s inflation increased at the lowest pace in 12 years in April, raising prospects for cut in key discount rate, as the country reaps benefit from the decline in the global oil prices over the past year.

The consumer price index (CPI) rose 2.1 percent year-on-year in April as compared to 2.5 percent in March and 9.2 percent in April, 2014, according to the data released by Pakistan Bureau of Statistics on May 4. The average inflation in the first 10 months of the current fiscal year was gauged at 4.81 percent.

Read more » PABA
See more » https://pabausa.org/406/lowest-inflation-in-12-years-gives-pakistan-room-for-rate-cut/

UK to partner in CPEC, provide $121.6 million grant

By Shahbaz Rana

ISLAMABAD: In a significant development, the United Kingdom has become a partner in China-Pakistan Economic Corridor and agreed to provide $121.6 million in grant to fund construction of Burhan-Havelian Expressway, which falls on the northern route of the corridor.

The Asian Development Bank (ADB) and the Department for International Development (DFID) of the United Kingdom will co-finance the $327 million cost of the 59km-long Hassanabdal-Havelian Expressway (E-35) project, according to a handout issued by the Manila-based lending agency on Tuesday.

UK’s $121.6 million grant will lessen Pakistan’s debt obligations by the same amount. The country had entered into a loan agreement with ADB, which will now be picked up by UK taxpayers to the extent of the grant amount.

Read: India bid to halt Pakistan projects fails

It is for the first time that the UK will fund any infrastructure sector project in Pakistan, as so far its focus remained on social sectors. It is also the first time that the UK is partnering with the Manila-based lending agency in a project located in Pakistan.

Read more » The Express Tribune
See more » http://tribune.com.pk/story/948870/uk-to-partner-in-cpec-provide-121-6-million-grant/

India must be prepared for short wars, says Army chief General Dalbir Singh Suhag

By The Telegraph, Calcutta

New Delhi: Army chief General Dalbir Singh Suhag on Tuesday said the country must be prepared for short wars if Pakistan-supported violence in Jammu and Kashmir spread and intensified.

Recent instances of “terrorist violence are clear pointers” that this “arc of violence” could be extended to other areas, he told a seminar on Tuesday morning to mark 50 years of the 1965 war with Pakistan.

“In that context we have to be prepared for the short and swift nature of future wars that are likely to offer limited warning time,” he said.

“This calls for maintaining high levels of operational preparedness at all times, something that has now become inherent in our strategy.”

Read more » ABP Live
See more » http://www.abplive.in/india/2015/09/02/article702269.ece/India-must-be-prepared-for-short-wars-says-Army-chief-General-Dalbir-Singh-Suhag