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Tuesday, 21 October 2014

 

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Hamza goes down to Vahedi in Qatar 6-Red Snooker semis
KARACHI, Oct 21 (APP)- Pakistan’s fast improving Hamza Akbar went down fighting 6-5 to Sohail Vahedi of Iran in the semifinals of inaugural Qatar Academy 6-Red Snooker Championship in Doha, according to a message received here on Tuesday.
 
Batting trio of Fazal, Majid, Saad put Karachi Dolphins on top in QAT
KARACHI, Oct 21 (APP): Batting trio of Fazal Subhan, Saad Ali and Majid Khan hit big half centuries to put Karachi Dolphins on top on day three of their 4-day Quaid-e-Azam Cricket Gold League match against Sui Northern Gas Pipelines Ltd (SNGPL) here at the National Stadium on Tuesday.
 
O’Keefe set to make debut against Pakistan in first Test
KARACHI, Oct 20 (APP): Steve O’Keefe has a good chance of making his debut in Dubai alongside the incumbent offspinner Nathan Lyon, said a report carried by cricket’s leading website on Monday.
 
Tanvir emerges on top in KBA Bridge
KARACHI, Oct. 20 (APP)- Team Tanvir, having top veterans in their line-up won the Weekly Karachi Bridge Association (KBA) Swiss League Tournament at Aslam Hall on Sunday evening.
 
Hamza, Sajjad qualify for last rounds of Qatar 6-Red Snooker
KARACHI, Oct 20 (APP)- Pakistan’s duo of Hamza Akbar and Muhammad Sajjad qualified for the last 16 rounds of inaugural Qatar Academy 6-Red Snooker Championship in Doha after three straight victories, according to a message received here on Monday.
 
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PM lauds Hajj 2014 operations - PM briefed on Hazara Motorway project - JUI-F delegation calls on PM - No increase in electricity bills: Abid Sher Ali - First round of Pak-Turkey High Level Military Dialogue Group meeting... - No increase in power tariff for consumers
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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