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Tuesday, 02 September 2014

 

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SOA School Games
LAHORE, Sep 2 (APP)- Sindh Olympic Association (SOA) is organising the SOA School Games from October 13 to 16.
 
Lodhi off to Tehran for ECO Chess Cup
KARACHI, Sep 2 (APP): International Master Mahmood Lodhi left here on Tuesday to take part in ECO Cup Chess being held in Iranian capital Tehran from Sept 3 to 12.
 
Aisam to donate wheelchairs to Iraq
ISLAMABAD, Sep 2 (APP): Pakistan Tennis ace Aisam Qureshi will be donating wheelchairs to Iraq with an aim of his foundation which is to ‘Stop War, Start Tennis’ saying it is his desire that wheelchair tennis would give a ray hope to those people who have been disabled during war.
 
Youth Olympics was grand experience for Pakistan juniors: Razi
KARACHI, Sep 1 (APP): Participation in second Youth Olympics held in Chinese city of Nanjing was a grand exposure and experience for Pakistan juniors, Chef de Mission Raza Ahmed Khan said on Monday.
 
Inconsistent performance has led to loss: Miandad
ISLAMABAD, Sep 1 (APP): Legendary Batsman Javed Miandad feels the inconsistent performance of the green-shirts led to loss in the Test and ODI series against Sri Lanka.
 
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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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