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Tuesday, 01 September 2015

 

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Ajmal ready to make a come back in national T-20 tournament ISLAMABAD, Aug 31 (APP): Pakista
ISLAMABAD, Aug 31 (APP): Pakistan's top spinner Saeed Ajmal has said that he was all ready to bowl for Pakistan once again in the National Twenty20 Championship next month.
 
National T20 at Rawalpindi from Tuesday
RAWALPINDI, Aug 30 (APP): Pakistan Cricket Board (PCB) on Sunday launched the Cool & Cool presents Haier Q8 Twenty-20 Cup 2015-16 at the Pindi Cricket Stadium here.
 
Tennis coaching camp concludes
ISLAMABAD, Aug 30 (APP): Asian Tennis Federation had sent a qualified Tennis coach Axe Mansaman of Thailand to impart coaching and modern games techniques to some 22 junior players in the camp at POF Wah tennis courts.
 
Pakistan to participate in Asian Women Netball
ISLAMABAD, Aug 30 (APP): Pakistan will be participating in the Asian Women Netball Championship to be staged in Hong Kong from December 12.
 
Pakistan to chip in Asian Baseball Championship
ISLAMABAD, Aug 30 (APP): Pakistan will be participating in the Asian Baseball Championship to be staged in Taiwan from September 16.
 
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President approves confirmation of three additional judges of BHC - Meeting on problems faced by farmers - CPEC, CAREC to prove a milestone in regional development: ADB - Oil, gas rates less than India, Bangladesh: Khaqan Abbasi - Compensation cheques among martyers distributed - PM approves Rs. 7 billion bulk water supply scheme for Murree
New development strategy to foster sustainable and more equitable eco-growth PDF Print E-mail
ISLAMABAD June 4 (APP):- Embarking on a fundamental change of the development paradigm, new strategy aims at fostering sustainable and more equitable growth  by means of structural improvements in the productive sectors of country’s economy, involving wide range of policy actions across the sectors.  Enhancing the tax-to-GDP ration is a key plank of  the government economic strategy. A proposed law to  implement a broad-based Value Added Tax (VAT) with minimal exemptions from July 01, 2010 has been present to the parliament in this regard, according to Economic Survey 2009-10 unveiled here on Friday.  HTML clipboard

In addition, other measures such as improving tax administration and reinstating tax audits have been taken.  The cumulative effect of these policy measures is expected to be an increase of Pakistan’s Tax-to-GDP ratio to 13 per cent by 2013 from 8.9 per cent in 2008-09.
Under reform of the power sector, electricity tariff has been raised between 40- 55 per cent in less than two years, in an effort to reduce the level of subsidies absorbed in the budget, while simultaneously moving to a full cost-recovery tariff for the power utilities. Under a new Act of parliament, adjustment in tariff for changes in fuel prices for power generation has been made automatic.
A Cabinet Committee on Restructuring (CCOR) has been formed to restructure key public sector enterprises (PIA, PEPCO, Railway, TCP, USC, Pakistan Steel Mills, NHA) with a view to stop leakages caused by annual losses amounting to approximately 1.5 per cent of GDP.
The eventual aim, the Survey said, is to turnaround these Public Sector Enterprises into profitable, self-sustaining ventures under Public-Private Partnership mode.
Under Social Protection, the government has launched the Benazir Income Support Program (BISP). An allocation of  Rs 70 billion has been made in the federal budget 2009-10 with an objective of targeting 5.5 million poor and vulnerable households in Pakistan with a cash transfer of Rs 1000 per month to each.
The size of BSIP makes it the largest social protection scheme in the country’s history and it works in conjunction with other safety nets such as Bait-ul-Maal, Zakat Fund and provincial programmes such as the Sasti Rot scheme.
The government, Survey stated successfully concluded the Seventh National Financial Commission (NFC) Award - only the fourth in Pakistan’s entire history and the first for the last 19 years. This Award greatly augments the quantum of resource transfer from the Centre to the Provinces.
In conjunction with the higher resource transfer to the provinces, the Centre will also devolve some major functions and expenditure heads to the sub-national government in line with the provision of the 1973 Constitution.
 
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