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Saturday, 20 December 2014

 

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Younis Khan becomes oldest Pakistani to score a century in ODI
ISLAMABAD, Dec 18 (APP): Although Younis Khan’s hundred in the third ODI against New Zealand at Abu Dhabi went in vain, he did create a record on the way, becoming the oldest Pakistani batsman to score a one-day hundred.
 
Pakistan A, Kenya series to continue as per schedule
ISLAMABAD, Dec 17 (APP): Kenyan cricket team will complete its ongoing series against Pakistan A, a Pakistan Cricket Board (PCB) official said on Wednesday.
 
Murtaza Javed Abbassi congratulates boxer Amir Khan
ABBOTTABAD, Dec 15 (APP): Deputy Speaker National Assembly, Murtaza Javed Abbasi congratulated British born Pakistani boxer Amir Khan on becoming champion in Silver Welterweight category.
 
Hockey team to get a warm welcome: Rana Mujahid
ISLAMABAD, Dec 15 (APP): Secretary General Pakistan Hockey Federation (PHF) Rana Mujahid Ali said Monday that national hockey team would be given a warm welcome at Wagah border on its arrival back at home from India.
 
International Zahid Tufail of Army wins National Skeet Shooting Championship
PESHAWAR, Dec 14 (APP): International shooter Zahid Tufail of Army clinched the gold medal after a two times tie-breaker with Imdad Sherpao of Khyber Pakhtunkhwa in the final super round of the National Skeet Shooting Championship played here at Army Shooting Range, Garrison Park on Sunday.
 
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First Women Bank gets 500 mln as equity - ISPR set up phone lines for public to report suspicious activity - Security institutions taking important steps to flush out terrorists... - Candlelit vigil at Pak Embassy in Ankara for Peshawar attack victims - Terrorism must be rooted out for development - All measures to be taken to root out terrorism: Mahtab
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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