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Tuesday, 31 March 2015

 

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Sindh, Army reach Netball final
ISLAMABAD March 30 (APP): Sindh and Army will face each other in the final of 14th National Women Netball Championship to be played here at Hamidi Hall on Tuesday.
 
Army, Air force qualify for National Basketball Championship'2015 Final
WAH CANTT, Mar 30 (APP): Army, Air force qualified for National Basketball Championship'2015 final beside beating their rivals in semi finals played here at POF Sports Complex on Monday.
 
Starc named as player of the ICC Cricket World Cup 2015
From Ehsan Qurshi
 
MELBOURNE, March 29 (APP): Australia fast bowler Mitchell Starc was Monday named as the player of the ICC Cricket World Cup 2015.
 
Border express sympathy for no International cricket in Pakistan

From Ehsan Qureshi

MELBOURNE, March 29 (APP): Former Australian skipper Alan Border has expressed his sympathy that international  cricket is not being staged in Pakistan.

 
Australia grabs 5th Cricket World Cup crown with an emphatic victory over New Zealand

From Ehsan Qureshi

MELBOURNE, March 29 (APP): Australia regained the Cricket World Cup crown on Sunday when they routed their Trans Transman neighbors New Zealand by seven wickets in the day/night final here at the Melbourne Cricket Ground for their overall fifth title.

 
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Latest News
Efforts continued to evacuate all stranded Pakistani from Yemen: FO - Pakistan to play role in Yemen conflict to maintain peace: Khaqan - Karachi operation being carried out across the board: Saad - Pakistan willing to play role in resolving Yemen conflict: Marvi - Pre-scheduled Pak-Saudi joint exercise being carried out since March... - Minister distributes cheques among Christian families
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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