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Saturday, 28 November 2015


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Rehman leading opening day play of Chief of Naval Staff golf
LAHORE, Nov 27 (APP): Mohammad Rehman of Royal Palm was the star at the conclusion of the first round as he drifted through the first eighteen holes on the opening day of the 5th Chief of Naval Staff Championship here on Friday at Royal Palm golf course.
FIH to assist PHF in revival of hockey
LAHORE, Nov 27 (APP): International Hockey Federation (FIH) on Friday vowed to assist Pakistan Hockey Federation (PHF) to revive international hockey in Pakistan while the Punjab government has assured provision of fool proof security to the foreign teams visiting the country.
Richardson praises CA, NZC for playing historic day-night Test
ISLAMABAD, Nov 26 (APP): The International Cricket Council (ICC) Chief Executive David Richardson on Thursday was all praise for Cricket Australia, New Zealand Cricket and their teams for having the vision to engage the historic day-night Test milestone for world cricket.
The show must go on: Afridi
ISLAMABAD, Nov 26 (APP): Pakistan's Twenty20 skipper Shahid Afridi believes the show must go on referring to the Pak-India series but said it will be great if India tours Pakistan in this difficult time for support.

MSMST Football team wins series in Bahrain
PESHAWAR, Nov 25 (APP): Football Team of Malik Saad Memorial Sport Trust (MSMST) Khyber Pakhtunkhwa currently on the visit to the state of Bahrain won three matches series against Al-Shabab Football Club by scoring 6 goals at International Football Stadium at Essa Town in Bahrain.
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PM directs NHA to upgrade DI Khan-Zhob section of N-50 - Dar hints at important development on SMEs - Shehbaz reviews LOLMT project - Pervaiz asks Imran Khan to abide by law - HIV AIDS response improving in Pakistan for last 2 years: Country Di... - HIV AIDS response improving in Pakistan for last 2 years: Country Di...
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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