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Saturday, 01 November 2014

 

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PN wins Inter Service Sailing Championship-2014
KARACHI, Oct. 31 (APP): Pakistan Navy has won the Inter Services Sailing Championship- 2014 held here at Sea Survival School PAF Base, Korangi Creek. 
 
Anwar to lead Pakistan ďAĒ team vs NZ
KARACHI, Oct 30 (APP): Two Karachi players Saad Ali and Junaid Ilyas were picked in Pakistan ‘A’ squad to play 3-day games against New Zealand at Sharjah from November 3-5, Pakistan Cricket Board announced on Thursday.
 
Nauman, Irfan dismiss Hyderabad for 213 in QAT Silver League
KARACHI, Oct. 30 (APP)- Lanky Pakistan fast bowler Muhammad Irfan and Nuaman Ali took three wickets each as Hyderabad Hawaks were bowled out for 123 in their first innings on first day of their 4-day Quaid-e-Azam Cricket Trophy Silver League match against Khan Research Labortories  at Niaz Stadium , Hyderabad on Thursday.
 
Fiery Waqas, Bhutta shoot out Karachi Dolphins for 80 in Quaid Trophy
KARACHI, Oct. 30 (APP)- Pace duo of Waqas Maqsood and Muhammad Ali Bhutta shared ten wickets between them to shoot out Karachi Dolphins for 96 and then WAPDA consolidated their position by reaching 148-3 in their first innings on the opening day of their 4-day Quaid-Azam Cricket Trophy Gold League at National Stadium on Thursday. 
 
28 players report at National Hockey camp
KARACHI, Oct. 29 (APP)- As many as twenty eight players reported for National Hokey camp in preparations for Champions Trophy which commenced at Hockey Club of Pakistan Stadium from Wednesday.
 
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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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