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Friday, 29 May 2015

 

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Chibhabha joins "99 club"
LAHORE, May 29 (APP): Chamu Chibhabha, Zimbabwean opener, became the 28th batsman who joined "99 club" in One Day Internationals.
 
Pakistan women team makes great start in BFAME Zonal Bridge
KARACHI, May. 29 (APP): Reigning Champions Pakistan women's team got off a sterling start in the 18th BFAME Bridge Championship when they defeated arch-rival India to take early lead in Amman (Jordan) on Thursday night. 
 
Pakistan "B" stun India "A" in Asian Team snooker crown
KARACHI, May. 29 (APP)- Pakistan "B" produced a superb show to shock India "A" 3-0 in  the Asian Team Snooker Championship at Kish Island (Iran), according to informations received here on Friday.
 
WTF-IOC International Taekwondo Course concluded in City
PESHAWAR, May 29 (APP): World Taekwondo Federation in collaboration with International Olympic Committee International Taekwondo Course under its Sports Structure Program for Development concluded here at Lala Rafique Sports Arena on Friday.
 
Pakistan chooses to bowl after winning toss
LAHORE, May 29 (APP): Pakistan won the toss and elected to bowl first in the second One Day International match here at Gaddafi Stadium on Friday.
 
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PM for mass-scale housing project to cater to needs of downtrodden, ... - ECP stops KPK govt to establish any control room in election result - Pakistan gets Vice Chair of WHO Executive Board - Dar meets SCCI delegation - Resources being utilised to provide clean drinking water: minister - PM condemns suicide blast in Dammam
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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