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Monday, 26 January 2015

 

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UAE being considered as venue for Pacquiao- Amir Khan title fight
ISLAMABAD, Jan 25 (APP): UAE is being considered as a venue for a title fight between Manny Pacquiao and British boxer of Pakistan origin Amir Khan, if the proposed May 2 showdown between Floyd Mayweather and the Filipino ring legend doesn’t happen.
 
PIA jumps to top of points table in First COAS Challenge Hockey Cup
RAWALPINDI, Jan 25 (APP): Pakistan International Airlines (PIA) moved to the top of the points table in pool A after a 4-2 thrashing of Police in a match of the First Chief of the Army Staff Challenge Hockey Cup (COAS) here at the Army Hockey Stadium on Sunday.
 
Ajmal optimistic of getting cleared after retest
ISLAMABAD, Jan 25 (APP): Off-spinner Saeed Ajmal, who underwent official ICC retesting on his remodeled bowling action in Chennai on Saturday, believes that his “doosra” is within the legal limit now and is hopeful of being cleared to bowl again in international cricket.
 
Rookie Seifert, Nicholls tons stun Pakistan
KARACHI, Jan. 25 (APP): The batsmen duo of Tim Seifert and Henry Nicholls banged contrasting centuries as New Zealand Board President’s XI inflicted a six wickets defeat on touring Pakistan team in a practice game at Bert Sutcliffe Oval, Lincoln, near Christchurch on Sunday despite captain Misbah-ul-Haq’s century.
 
ICC to take up to illegal bowling actions on Jan 28
ISLAMABAD, Jan 25 (APP): Issues relating to illegal bowling actions, anti-corruption and anti-doping matters will be discussed at the ICC Board Meeting to be held at its headquarters in Dubai on January 28-29.
 
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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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