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Thursday, 21 August 2014

 

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Shaharyar chairs PCBís board meeting
LAHORE, Aug 20 (APP): Pakistan Cricket Board Chairman Shaharyar M Khan Wednesday said each department of the PCB would be strengthened based on professionalism, specialization and integrity.
 
Natural game helped me to excel in Test matches: Sarfraz
KARACHI, Aug. 20 (APP): Riding on the crest-waves, Pakistan wicketkeeper Sarfraz Ahmed has said that he got personal success by playing his natural game in Test series against Sri Lanka.
 
Atta wins independence day marathon
LAHORE, Aug 20 (APP)-  Atta Mohammad won the Sports Board Punjab’s Independence Day marathon race organized in Rahimyar Khan on Wednesday.
 
SBP kabaddi team to depart for India
LAHORE, Aug 20 (APP)-  Sports Board Punjab’s Lahore Lions kabaddi team will begin the second leg matches of World Kabaddi League on August 23 in India.
 
Pakistanís dream ends as Hamza crashes out in Asian 6-Reds semis
KARACHI, Aug. 20 (APP)- Pakistan’s dreams of retaining the Jubilee Asian 6-Reds Snooker Championship ended here on Wednesday when Amir Sarkosh defeated home team’s last surviving cueist Hamza Akbar when he went down in the semifinals.
 
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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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