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Saturday, 26 July 2014

 

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62 member Pakistani contingent participates in CGames march past
ISLAMABAD, Jul 25 (APP): The 62-member Pakistani contingent, dressed up in traditional shalwar qamiz participated in the march past at the opening ceremony of the Glasgow 2014 Commonwealth Games on July, 23.
 
T20 fund raising match for IDPs
LAHOR, July 25 (APP): Punjab Minister for Law and Sports Rana Mashhood Ahmed Khan has said that Lahorites will show remarkable generosity during the fourth IDPs Fund-Raising T20 cricket match tomorrow , Saturday here at Gadaffi stadium.
 
Pakistan CC lifts RLCA Ramazan cricket trophy
KARACHI, July 25 (APP): As expected Pakistan Cricket Club lived up to  their billing by lifting the inaugural RLCA Ramazan Twenty20 Cricket Tournament trophy when they thrashed Pak Korangi CC by 76 runs in a one-sided final here at Gulburg Ground on Thursday night.
 
T-20 cricket match generates Rs 25m donation for IDPs
FAISALABAD, July 25 (APP): A T-20 fund raising cricket match played between Pakistan-A and Faisalabad Eleven at Iqbal stadium here generated Rs 25 million donation for IDPs of North Waziristan.
 
India-Pakistan not to participate in Asian Games Men Cricket
ISLAMABAD, July 22 (APP): India and Pakistan would not be participating in the September’s Asian Games giving a massive loss to the Games as their presence would have guaranteed massive interest and wide television coverage.
 
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Govt completes 80% payment of Ramzan package to IDPs: Qadir - President condemns Israeli atrocities against innocent Palestinians - Chinese power company delegation calls on CM - Mushahidullah criticizes statement of PTI regarding Iftikhar Chaudhr... - Power shortage affected every sector: Shahbaz - NA Speaker constitutes 33 member committee on electoral reform
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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