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Wednesday, 22 October 2014

 

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National Hockey camp for Indian Tour from Oct 28 at Karachi: PHF
PESHAWAR, Oct 22 (APP): The training camp of national senior probables preparing for participation in the Hero-Honda Champions Trophy to be played at Bhubaneswar, India from December 6-14, 2014, will be organized at Hockey Club of Pakistan Stadium, Karachi on October 28, 2014.
 
Fund raising match brings joys and fun for IDPs of Baka Khel camp in FR Bannu
BANNU, Oct 22 (APP): Shahid Khan Afridi’s 16 balls 45 runs knock enable Boom Boom Afridi XI to 31 runs victory against DG ISPR XI in a friendly cricket fund raising match played at Baka Khel IDPs camp for the IDPs of North Waziristan Agency here.
 
Shahbaz bestows Rs 2 lakh each on hockey team
LAHORE, Oct 21 (APP): Punjab Chief Minister Muhammad Shahbaz Sharif gave away cash award of Rs 200,000 each amongst the members and officials of the national hockey team for their brilliant performance in the recently concluded Asian Gmaes.
 
Omar Abdel Meguid, Aamir Atlas reach final of CAS Squash championship
ISLAMABAD, Oct 22 (APP): Omar Abdel Meguid of Egypt and Aamir Atlas reached the  final of  Serena Hotels Chief of Air Staff International Squash Championship being played at Mushaf Squash Complex, Islamabad.
 
Quarter finals of Squash held
ISLAMABAD Oct 21 (APP): Quarter finals of Serena Hotels-Chief of Air Staff International Squash Championship were played here at Mushaf Squash Complex on Tuesday.
 
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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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