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Younis Khan becomes oldest Pakistani to score a century in ODI
ISLAMABAD, Dec 18 (APP): Although Younis Khan’s hundred in the third ODI against New Zealand at Abu Dhabi went in vain, he did create a record on the way, becoming the oldest Pakistani batsman to score a one-day hundred.
 
Pakistan A, Kenya series to continue as per schedule
ISLAMABAD, Dec 17 (APP): Kenyan cricket team will complete its ongoing series against Pakistan A, a Pakistan Cricket Board (PCB) official said on Wednesday.
 
Murtaza Javed Abbassi congratulates boxer Amir Khan
ABBOTTABAD, Dec 15 (APP): Deputy Speaker National Assembly, Murtaza Javed Abbasi congratulated British born Pakistani boxer Amir Khan on becoming champion in Silver Welterweight category.
 
Hockey team to get a warm welcome: Rana Mujahid
ISLAMABAD, Dec 15 (APP): Secretary General Pakistan Hockey Federation (PHF) Rana Mujahid Ali said Monday that national hockey team would be given a warm welcome at Wagah border on its arrival back at home from India.
 
International Zahid Tufail of Army wins National Skeet Shooting Championship
PESHAWAR, Dec 14 (APP): International shooter Zahid Tufail of Army clinched the gold medal after a two times tie-breaker with Imdad Sherpao of Khyber Pakhtunkhwa in the final super round of the National Skeet Shooting Championship played here at Army Shooting Range, Garrison Park on Sunday.
 
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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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