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Saturday, 25 October 2014

 

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Second seed Abid falls to Imran Shaukat in NBP Subh-e-Nau C’ship
ISLAMABAD, Oct 24 (APP): Second seed M. Abid was thrashed out of NBP Subh-e-Nau National Tennis Championship in semifinal of men’s singles by an unseeded player on Friday here at PTF Complex.
 
ICC empowers umpires in unfairplay
KARACHI, Oct 23 (APP): International Cricket Council (ICC) is empowering umpires to use their discretion in unfairplay, according to reports published in cricket’s leading website carried on Thursday. 
 
PCB Chairman, BoG congratulate Younis on double landmark
KARACHI, Oct 23 (APP): Chairman Pakistan Cricket Board (PCB) Shaharyar M. Khan Thursday has congratulated Younis Khan on achieving two significant landmarks on day one of the first Test Wednesday against Australia at Dubai International Stadium.
 
47th Khyber Pakhtunkhwa Amateur Golf Championship start on Friday
PESHAWAR, Oct 23 (APP): The 47th edition of the Khyber Pakhtunkhwa Amateur Golf Championship will tee-off at 6666-yards PAF Golf Course today (Friday) over 54-hold, 18-hole each day.
 
PCB extends remedial work on Saeed Ajmal
KARACHI, Oct 22 (APP): The Pakistan Cricket Board (PCB has decided to extend Saeed Ajmal’s remedial work under Saqlain Mushtaq’s watch by another 15 days.
 
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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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