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Wednesday, 23 July 2014

 

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India-Pakistan not to participate in Asian Games Men Cricket
ISLAMABAD, July 22 (APP): India and Pakistan would not be participating in the September’s Asian Games giving a massive loss to the Games as their presence would have guaranteed massive interest and wide television coverage.
 
Pakistan pursuing policy of peaceful relations in region: Tariq Fatemi
WASHINGTON, July 21 (APP): Pakistan is pursuing a policy of promoting peaceful relations with all neighboring countries including Afghanistan, India and wants to resolve all outstanding issues with New Delhi through dialogue, Tariq Fatemi, Special Assistant to Prime Minister, said.
 
T-20 floodlight fund raising cricket match on 24th
FAISALABAD, July 20 (APP): A T-20 floodlight fund raising cricket match for IDPs of North Waziristan will be played at Iqbal stadium here on July 24, in collaboration with Punjab Sports Board and Pakistan Cricket Board.
 
Umer Akmal to improve his shot selection in Test matches
KARACHI, July 20 (APP): Pakistan's highly rated batsman Umer Akmal is looking to improve his shot selection after being recalled in the Test team after three years.
 
Pakistan A beat Hamza Shahbaz XI by 60 runs
ISLAMABAD, July 19 (APP): Pakistan A beat Hamza Shahbaz XI by 60 runs in a fundraising cricket match kept for the internally displaced persons (IDPs) of North Waziristan Agency (NWA) at Rawalpindi Cricket Stadium.
 
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Foreign companies taking keen interest in Pakistan: Zubair - Delegation of Mckinsey meets Shahbaz - Mashhood criticises Imran, Qadri’s statements - Meeting reviews progress on Metro bus project - Parliament best forum for electoral reforms: PILDAT - Pakistan, India to honour bilateral agreements: Indian envoy
President promulgates Petroleum Products (Petroleum Development Levy) Ordinance PDF Print E-mail
Islamabad,Oct 31 (APP): The President promulgated  the petroleum products (Petroleum Development Levy) Ordinance here on saturday which shall come into force at once.

The ordinance further states as the National Assembly is not in session and the President is satisfied that circumstances exist which render it
necessary to take immediate action;therefore, in exercise of the powers conferred by clause (1) of Article 89 of the Constitution of the Islamic Republic of Pakistan, the President is pleased to make and promulgate the
following Ordinance:
1.    Short title and commencement:  (1) This Ordinance may be called the Petroleum Products (Petroleum Development Levy )
(Amendment) Ordinance, 2009.
(2)  It shall come into force at once
2.    Amendment of Ordinance XXV of 1961: In the Petroleum
Products (Petroleum Development Levy) Ordinance, 1961 (XXV of 1961),
hereinafter referred to as the said ordinance,

i)    in the long title and the preamble, for the word “surcharge”
the words “ petroleum Levy” shall be substituted,and
ii)   for the word “surcharge” wherever occurring, the words
“petroleum levy” shall be substituted.
3.    Amendment of Section 1, Ordinance XXV of 1961:  in the said Ordinance, in section 1 in sub section (1), for the brackets and word “(surcharge)” thee brackets and words “(Petroleum Levy)” shall be substituted.
4.   Amendment of Section 2, Ordinance XXV of 1961:  In the
said Ordinance, in section 2;,
i)   In sub section (1), for the words “carbon surcharge” the
words “Petroleum Levy” shall be substituted; and
ii)  After clause (4B), the following new clauses shall be
inserted, namely:
“(4Ba) petroleum levy” means the levy payable under section
3;”
5.    Amendment of section 3, Ordinance XXV of 1961:  In the said
Ordinance, in Section 3,
i)   In sub section (I), for the world “carbon surcharge” the
words “petroleum Levy” shall be substituted; and
ii)  After sub section (I), amended as aforesaid, the
following new sub section shall be inserted, namely:
“(1A) Every licensee shall pay development levy at such rate
and in such manner as the Federal Government  may, by
rules,prescribe,”
6.    Amendment of Section 7, Ordinance XXV of 1961:  In the said Ordinance, in section 7, the words and comma” Except for the Fifth schedule, the “shall be omitted.
7.    Amendment of Fifth Schedule, Ordinance XXV of 1961:  In the
said Ordinance, in the Fifth Schedule, for the words “Carbon
Surcharge” occurring twice, the words “petroleum Levy” shall be
substituted.
8.    Repeal.  The Petroleum Products (Petroleum Development Levy)
(Amendment) Ordinance, 2009 (XV of 2009) is hereby repealed.
 

     

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