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Saturday, 25 May 2013

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Chief of Naval Staff Amateur Golf Cup starts

ISLAMABAD, May 24 (APP): The Chief of the Naval Staff Amateur Golf Cup started here at Margalla Greens Golf Club on Friday with contests taking place in three categories - Amateur, Seniors and Juniors. In the Amateur category, MCPO (PTI) Tariq Mehmood of Pakistan Navy was leading by scoring Gross 72.
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Pakistan nominated as host of Squash World Cup-2015

ISLAMABAD, May 24 (APP): Asian Squash Federation has nominated Pakistan as the sole contender for hosting Squash World Cup, 2015. This recommendation is a testimony of the efforts of Pakistan Squash Federation to convince International Squash Bodies to stage International events in Pakistan. President, Asian Squash Federation, David Mui visited Pakistan during the recently concluded 17th Asian Individual Squash Championship, 2013. He expressed his satisfaction over the meticulous arrangements made for the successful conduct of the Championship, said a PAF press statement issued here on Friday.

ISLAMABAD, May 24 (APP): The Pakistan Football Federation has decided to hold National Under-16 Football Championship-2013 at Arifwala, District Pakpattan from June 7-17 instead of Okara Football Academy on May 31. A total of 12 teams will compete in this Championship in which eight teams are from Provincial and Regional Teams like Punjab Football Association, KP Football Association, Balochistan Football Association, Sindh Football Association, Islamabad Football Association, Azad Jammu and Kashmir Football Association, FATA Football Association and Gilget Baltistan Football Association) and 3 Youth Coaches Teams from (Karachi, Quetta, Lahore and Peshawar), said a press release here Friday.

ISLAMABAD, May 23 (APP): Chief of the Naval Staff Amateur Golf Cup will commence from Friday at Margalla Greens Golf Club (MGGC) Islamabad. The best amateur golfers around the country including senior, junior and ladies category will feature in the three-day event. The opening ceremony of the event was held on Thursday at Margalla Greens Golf Club Islamabad. Rear Admiral Athar Mukhtar, Patron PN Golf and Vice President Margalla Greens Golf Club was the chief guest on the occasion. The main match would be played amongst amateurs over 54 holes during the three days 18 holes each day. Amateurs with handicap 12 and below will participate in the match. It has been decided to give the participation rights to all those having the handicap up to 12 strokes.

ISLAMABAD, May 23 (APP): The Athletics Federation of Pakistan (AFP) will pay tributes to former Director General Pakistan Sports Board, late Syed Zakir Hussain by holding the 45th National Athletics Championships in his memory. The National Athletics Championship will explode into action on Friday at Jinnah Stadium, Pakistan Sports Complex Islamabad. Speaking at a press conference President AFP Lt. Gen. (Retd) Akram Sahi said that late Syed Zakir Hussain was an outstanding sports administrator, sports lover and writer and throughout his life had a positive and principled approach towards the promotion of national sports in the country.

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Federal Budget

President congratulates PM, Govt for presenting 5th successive budget

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

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

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

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

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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