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Friday, 01 August 2014

 

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National ranking tennis tourney from Aug 2
ISLAMABAD, July 31 (APP): Pakistan Tennis Federation (PTF) will hold Warid National Ranking Tennis Tournament from August 2-7 here at PTF Complex.
 
FIH announce teams for Youth Olympic Games
ISLAMABAD, Jul 31 (APP): The International Hockey Federation (FIH) has announced the 20 teams that will be competing in the Hockey competition at the 2014 Youth Olympic Games in Nanjing next month.
 
Warid national ranking tourney from Aug 2
ISLAMABAD, July 30 (APP): Pakistan Tennis Federation (PTF) will hold Warid National Ranking Tennis Tournament from August 2-7 here at PTF Complex.
 
FIH announce teams for Youth Olympic Games
ISLAMABAD, Jul 30 (APP): The International Hockey Federation (FIH) has announced the 20 teams that will be competing in the Hockey competition at the 2014 Youth Olympic Games in Nanjing next month.
 
Sarfraz urges players to focus on physical fitness
ISLAMABAD, July 29 (APP): Former Test Cricketer Sarfraz Nawaz has urged the national players to work on their physical fitness keeping in mind the tough weather conditions of Sri Lanka in August.
 
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Moving towards Self-Managing Energy Systems in buildings - Fata Health Directorate holds free mobile team for IDPs - Saad Rafiq criticise PTIís politics - Women, kids among six die in road accident - 122nd birth anniversary of Madr-e-Millat observed - CM visits late Majid Nizamiís residence
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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