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Thursday, 23 October 2014

 

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PCB Chairman, BoG congratulate Younis on double landmark
KARACHI, Oct 23 (APP): Chairman Pakistan Cricket Board (PCB) Shaharyar M. Khan Thursday has congratulated Younis Khan on achieving two significant landmarks on day one of the first Test Wednesday against Australia at Dubai International Stadium.
 
47th Khyber Pakhtunkhwa Amateur Golf Championship start on Friday
PESHAWAR, Oct 23 (APP): The 47th edition of the Khyber Pakhtunkhwa Amateur Golf Championship will tee-off at 6666-yards PAF Golf Course today (Friday) over 54-hold, 18-hole each day.
 
PCB extends remedial work on Saeed Ajmal
KARACHI, Oct 22 (APP): The Pakistan Cricket Board (PCB has decided to extend Saeed Ajmal’s remedial work under Saqlain Mushtaq’s watch by another 15 days.
 
National Hockey camp for Indian Tour from Oct 28 at Karachi: PHF
PESHAWAR, Oct 22 (APP): The training camp of national senior probables preparing for participation in the Hero-Honda Champions Trophy to be played at Bhubaneswar, India from December 6-14, 2014, will be organized at Hockey Club of Pakistan Stadium, Karachi on October 28, 2014.
 
Fund raising match brings joys and fun for IDPs of Baka Khel camp in FR Bannu
BANNU, Oct 22 (APP): Shahid Khan Afridi’s 16 balls 45 runs knock enable Boom Boom Afridi XI to 31 runs victory against DG ISPR XI in a friendly cricket fund raising match played at Baka Khel IDPs camp for the IDPs of North Waziristan Agency here.
 
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Ishaq Dar meets Chinese Finance Minister Lou Jiwei - PM greets Hindu community on Diwali - Effective steps to be taken to upgrade Radio Pakistan: Irfan Siddiqu... - NA Speaker, Deputy condemn attack on Maulana Fazlur Rehman - commercial import of LNG from Port Qasim to start from Jan - Colourful IDPs Relief Mela concludes
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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