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Tuesday, 03 March 2015

 

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Irfan, Misbah improves in ICC ranking
KARACHI, Mar 2 (APP): Pakistan captain Misbah-ul-Haq climbed two place following his stubborn knock of 73 runs against Zimbabwe in their ICC Cricket World Cup match in Brisbane on Sunday.
 
CM felicitate national team on 1st win in WC
PESHAWAR, March 1 (APP): Chief Minister Pervez Khattak has congratulated the national cricket team on its 1st win in World Cup it played against Zimbabwe.
 
5-member Ski squad off to South Korea
ISLAMABAD, Feb 28 (APP): A five-member national ski squad, including one coach flew to South Korea on Saturday to chip in the Asian Alpine Ski Championship there, starting from Monday.
 
Gilgit-Baltistan Minister assures row-free Shandur Polo Festival
PESHAWAR, Feb 28 (APP): The caretaker Minister for Information, Tourism and Sports for Gilgit-Baltistan Inayat Ullah Shumali here Saturday announced a row-free Shandur Polo Festival  also known as sports event at rooftop ground of the world.
 
FOA seeks Governor KP help in holding First FATA Games
PESHAWAR, Feb 28 (APP): Secretary FATA Olympic Association Shahid Khan Saturday appealed to Governor Khyber Pakthunkhwa to direct the concerned quarters for releasing of fund to hold first ever FATA Games.
 
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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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