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Monday, 08 February 2016

 

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35th CAS Open Golf Championship from February 11-14
KARACHI, Feb 8 (APP): 35th Chief of The Air Staff (CAS) Open Golf Championship will be held here from February 11 to 14 at Airmen Golf Course PAF Base, Korangi Creek. More than 300 professional and amateur golfers from all over Pakistan are playing for Rs 3.2 million prize championship, it was official announced here Monday.

 
PCB seeks more time in announcing T20 squads
ISLAMABAD, Feb 8 (APP): Pakistan Cricket Board (PCB) on Monday sought a couple of days time from the International Cricket Council (ICC) in announcing squads for the Twenty-20 World Cup and Asia Cup. The T20 World Cup will be held in India from March 8 to April 3 while the Asia Cup will be staged in Bangladesh from February 24 to March 6. Feb. 8 was supposed to be the deadline for World Cup-bound squad.

 
WI stun Pak to storms in ICC World U19 CWC despite Umairs' ton
KARACHI, Feb 8 (APP): Umair Masood smashed a fighting century but his grand effort went in van as West Indies stunned Pakistan by five wickets to storm into the semi-final of ICC Under-19 Cricket World Cup in Fataullah (Bangladesh) on Monday. Batting first, Pakistan posted 226 for the loss of six wickets in their 50 overs.West Indies in reply romped home for the loss of five wickets with 10 overs to spare.

 
Indo-Pak Friendship Cup Snooker series would be revived: Alamgir
KARACHI, Feb 8 (APP): The popular Indo-Pak Peace Cup Snooker series would be revived, President Pakistan Billiards and Snooker Association (PBSA) Alamgir Shaikh said here on Monday. "We are working on plan to resume the series after lapse of six years," he told reporters during the launch of 41st National Snooker Championship at Karachi Gymkhana.

 
Lianna grabs another medal
ISLAMABAD, Feb 7 (APP): Lianna Swan won another medal for Pakistan in swimming in the South Asian Games at India. Lianna won a silver medal in 100m Breaststroke, says a press release issued here.

 
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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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