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Friday, 28 November 2014

 

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Pakistan is progressing, peace loving country, says Denmark Ambassador
PESHAWAR, Nov 27 (APP): Denmark Ambassador to Pakistan Mr. Jesper Mollar Sorensen has said that Pakistan is a progressing country and its peoples are more enthusiasts, committed and hard workers.
 
Cricket fraternity offers its deepest condolences on Phillip's death
ISLAMABAD, Nov 27 (APP): The Cricket fraternity on Thursday offered its deepest condolences to the family and friends of the Australian batsman Phillip Hughes who passed away following an injury he suffered during a first-class match at the Sydney Cricket Ground.
 
Rashid, Rizwan get selectors' nod for Champions Trophy
KARACHI, Nov 27 (APP): Half back Rashid Mehmood and forward Muhammad Rizwan Senior got selectors nod and were named in an 18- member Pakistan squad for next month's 35th edition of Hockey Champions Trophy staged in Indian city of Bhubaneshawar from December 6 to 14.
 
Dazzling Sajjad sails into 16-round of IBSF World Snooker
KARACHI, Nov 27 (APP): Pakistan's Muhammad Sajjad maintained his dazzling run in the IBSF World Snooker Championship by sailing in the last 16-round in Bangalore (India), said a statement received here on Thursday.
 
Moin expresses shock over Phillip Hughes’ death
ISLAMABAD, Nov 27 (APP): Pakistan chief selector Moin Khan on Thursday expressed deep sorrow and grief over the tragic death of Australian cricketer Phillip Hughes.
 
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Federal Budget
President congratulates PM, Govt for presenting 5th successive budget PDF Print E-mail
ISLAMABAD, Jun 1 (APP): President Asif Ali Zardari on Friday congratulated Prime Minister Syed Yusuf Raza Gilani and the government on presenting the fifth successive budget. The President said budget was an important milestone as it was another step of the PPP government to create more economic growth, provide more job opportunities and raise living standard of the people. The President said the democratic government presented a growth oriented budget despite serious constraints caused by militancy, floods and international financial crises.
 
Exports show phenomenal performance in two years PDF Print E-mail
ISLAMABAD, Jun 1 (APP): Federal Minister for Finance Friday said that Pakistan has experienced phenomenal performance in exports in the last two years. Presenting the National Budget for the year 2012-13 in the National Assembly, Shaikh said that last year, exports increased by 28%, crossing the $25 billion mark. This year, he added, in spite of global downturn, the country would be able to maintain this high level of exports.
He said the imports are likely to rise 15% this year, primarily due to higher oil prices.
 
Budget documents presented in Senate PDF Print E-mail
ISLAMABAD, June 1 (APP): Minister for Finance Dr Abdul Hafeez Shaikh Friday laid before the Senate a copy of the Finance Bill 2012, containing the annual budget statement. Amidst insistence by the opposition members for a point of order, the minister moved the motion to the Upper House seeking its recommendations, if any, to the National Assembly on the Finance Bill. Laying the annual budget statement before the Senate is a  constitutional requirement although the budget is passed by the National Assembly, which incorporates certain recommendations made by the Upper House.
 
GST rates being brought down to 16%: Hafeez Shaikh PDF Print E-mail
ISLAMABAD, Jun 1 (APP): Minister for Finance Dr. Abdul Hafeez Shaikh said on Friday that to avoid multiplicity of rates and decrease the burden on the consumers, all GST rates above 16% were being brought down to 16%. During his budget speech in the National Assembly, he said that the incumbent government had reformed the general sales tax system last year, by eliminating zero rating; reduction of the multiplicity of rates and expanding coverage to all sectors except food, health and education. “This process of reform must continue”, he said.
 
Remittances up 45% in two years PDF Print E-mail
ISLAMABAD, Jun 1 (APP): The Federal Minister for Finance, Dr. Abdul Hafeez Shaikh said Friday that remittances have increased from $9 billion in 2009-10 to over $13 billion this year, showing an increase of 45% in two years. In his budget speech, the minister said the government has taken several initiatives which helped outstanding performance of foreign remittances.
 
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