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Monday, 15 September 2014

 

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Shahnaz leaves with high hopes for Asian Games
ISLAMABAD, Sep 12 (APP): National hockey team coach Shahnaz Sheikh on Thursday along with the national team left to participate in the 17th Asian Games with high hopes for defending the title saying his extensive hard-work on the green-shirts would definitely pay him back.
 
Pakistan taekwondo squad to participate in Asian Games
ISLAMABAD, Sept 11 (APP): Pakistan taekwondo squad will be participating in the 17th Asian Games scheduled to be held in Incheon, Korea from September 19 to October 4.
 
Players to get a salary cut, if not passed fitness test
ISLAMABAD, Sep 11 (APP): Pakistan players who are centrally contracted to the Pakistan Cricket Board (PCB) could lose 25 percent of their salary if they fail to match fitness levels prescribed by the National Cricket Academy (NCA).
 
Difficulties removed in training camp: Shahnaz Sheikh
ISLAMABAD, Sept 10 (APP): National hockey team coach Shahnaz Sheikh on Wednesday said the players have been focused in removing all their physiological and mental difficulties in the training camp kept for preparation of the Asian Games here at Naseer Bunda Hockey Stadium.
 
Cricketers come out in support of troubled Ajmal
ISLAMABAD, Sep 10 (APP): Former cricketers came out in support of Saeed Ajmal after the Pakistan off-spinner was Tuesday suspended by the International Cricket Council (ICC) for an illegal bowling action.
 
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Pervaiz asks Qadri to disfigure Canadian currency first - Dar warns Qadri against misleading people on scribbling notes - Pakistan Embassy in UAE establishes PM\'s flood relief fund - Defence minister grieved over boat incident - PM expresses grief over loss of lives in Multan boat incident - Namaz-e-Janaz of Naib Subedar Anab held at Multan Cantt: ISPR
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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