ISLAMABAD: The 53rd National Badminton Championship will be played from June 27 to July 3 at Islamabad.
Spokesman of the Pakistan Badminton Federation (PBF) said that more than 200 players from the affiliated units of the PBF will take part in the championship, to be held under the Islamabad Badminton Association.
Contests of men?s singles, men?s doubles, ladies singles, ladies doubles, mixed doubles, veteran singles and veteran doubles will be held in the event.
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GENEVA: China?s curbs on exports of some raw materials to conserve resources may not meet the stated, goals while giving Chinese manufacturers an unfa
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KARACHI: Pakistan team manager Yawar Saeed believes the return of former captains Younis Khan and Shoaib Malik in the squad for Asia Cup and England t
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LAHORE
THE Lahore High Court on Monday ordered PPP MNA Amir Yar Waran from NA-184, Bahawalpur, to appear in court on June 15 in connection with
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Karachi
Deputy Speaker Shehla Raza told Sindh Assembly on Monday that lower staff of Education Department in the city was not paid salaries sin
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KARACHI: Tropical Cyclone has moved eastwards in the last six hours along Mekran Coast and now is located at 24 N-62 E southwest of Pasni.
According to a cyclone warning issued by Pakistan Meteorological Department (PMD) here Saturday evening, the system is likely to move eastward during the next 12 hours, making landfall some where west of Karachi on Sunday (with maximum sustained winds 70-90 Km/hour gusting upto 120 km/hour) with associated storm surge of 3-5 meters.
Under the influence of this system, extremely heavy rainfall is occurring in coastal areas of Balochistan (Gwadar 370 mm, Jiwani 208 mm, Pasni 127 mm, Turbat 63 mm) accompanied with very strong wind gusting to 120 km/hour. More rain heavy to heavy accompanied with strong gusty winds are expected in Balochistan during the next 24 hours.
Sindh is also expected to receive widespread heavy rainfall in the next 2 days starting from Saturday evening and gradually increasing allerwards. Heavy rains may cause urban/ clash flooding in Balochistan and Sindh including Karachi, it said.
Tropical Cyclone Warning Centre of Pakistan Meteorological Department has warned fishermen of Sindh and Balochistan not to venture in open sea till further orders.
The irrigation authorities in Sindh and Balochistan are advised to reduce inflow in irrigation system, it added.
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Islamabad: More investment in the higher education sector can help promote scientific and research culture in Pakistan, Adviser to the Prime Minister
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Pakistan News
ISLAMABAD: Finance Advisor Dr. Abdul Hafeez Shaikh presented Federal Budget for 2010-11 with a total outlay of Rs3.259 trillion before the parliament on Saturday.
In his budget speech at special budget session of the National Assembly, Dr. Hafeez Shaikh announced ad hoc allowance at 50 percent of basic salaries for government employees; raise in GST from 16 to 17 percent; 10 percent cut in Federal Cabinet salaries; capital gains tax of 10 percent on stocks held for six months or less, 7.5 percent on stocks held between 6 months to a year; reduction in customs duty on 29 items; raise in pension by 15 percent for employees retired before 2001 and 20 percent for those retired after 2001.
Tax revenue is targeted at 1.78 trillion rupees out of which the Federal Board of Revenue will collect 1.667 trillion rupees, about 9.8 percent of GDP.
Non-tax revenue is targeted at 632.2 billion rupees. Revenue from direct taxes is targeted at 657.7 billion rupees and revenue from indirect taxes is targeted at 1.12 trillion rupees. Subsidies will be reduced to 126.68 billion rupees from 228.99 billion rupees.
The general sales tax will be reformed to a uniform rate of 15 percent. GST will not be imposed on health, education, food items and on those merchants whose turnover is less 7.5million rupees.
This reform will be effective from October 1, 2010.
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LAHORE
THE Lahore High Court on Monday ordered PPP MNA Amir Yar Waran from NA-184, Bahawalpur, to appear in court on June 15 in connection with
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ISLAMABAD: Finance Advisor Dr. Hafeez Shaikh Saturday said that Pakistan managed to avert bankruptcy by obtaining IMF assistance.
Delivering the budget speech at the Special Budget Session of the National Assembly, Dr. Shaikh said Pakistan?s economic recovery has begun.
?Pakistan?s foreign exchange reserves have surged to 16 billion dollars,? he said, adding, 52 billion dollars are expected to be received under Kerry-Lugar Bill.
He said the process of budget making was completed in a transparent manner, terming it a first post-NFC Award budget.
?People are at the heart and center of this budget,? the Finance Advisor claimed.
Inflation is a monetary phenomenon the main reason responsible for it is government borrowing which is made from both internal and external sources.
He stressed upon self-reliance and resource mobilization. The debt to GDP ratio has climbed to 55 percent and ?we must protect the poor?.
Talking about unemployment, he said jobs are created when the whole economy grows.
He held flawed policies and influence of some government departments responsible for energy shortage in the country where people are willing to pay for the utility but cannot get it due to unavailability.
?We have to make our policies right and rise above the petty issues,? he stressed.
He said 30 million energy savors will be provided in a bid to conserve electricity.
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