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Shahnaz Sheikh Hockey Stadium to be ready in June
ISLAMABAD, Jan 27 (APP): Olympian Shahnaz Sheikh on Tuesday said the hockey stadium at the Muslim School ground, Saidpur Road in Rawalpindi named after him would be completed in June to host international tournaments.
 
Ski races at Naltar, Kala Bagh postponed
ISLAMABAD, Jan 27 (APP): The ski races scheduled to take place in Naltar Gilgit-Baltistan and Kala Bagh from February 4 to March 5 have been postponed due to a lack of snow.
 
Sharjeel, Shahid hit tons in ZTBLís win in Presidentís Gold Cup
KARACHI, Jan. 12 (APP)- Duo of Sharjeel Khan and Shahid Yousuf cracked brilliant hundreds as ZTBL sent Sui Northern Gas Pipelines Ltd (SNGPL) crushing out of President’s Gold One-Day Cricket when they defeated them by five wickets here at the NBP Sports Complex Ground on Tuesday.
 
Karachi Dolphins shocks NBP but both enters Presidentís Gold Cup semis
KARACHI, Jan 27 (APP)- Saad Ali smashed a match winning unbeaten 93 as Karachi Dolphins shocked National Bank of Pakistan (NBP) by five wickets but both teams entered the last four rounds of President’s Gold Cup One-Day Cricket Tournament on Tuesday.
 
Pollardís 153 sink Pakistan as NZ Board XI inflict 2nd defeat
KARACHI, Jan. 27 (APP)- An awesome Michael Pollard hammered a spectacular 153 as New Zealand Board President’s XI registered their second win over the touring Pakistan in a practice game in Lincoln on Tuesday.
 
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Govt resolving energy crisis on priority basis: Khurram - PML-N, PkMAP announce joint candidates - US should play role to ease Pak-India tension: Sarwar - 76 terrorists killed in N Waziristan - Dar hails Japanese govt, businessmen for invesment in Pakistan - US Consul General calls on Punjab Governor
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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