Action plane ready for Karachi peace

Staff Report

KARACHI: The Sindh Home Department has made an action plan as peace could be revived in the city, SAMAA reported Thursday.

While talking to SAMAA, Sharfuddin Memon, the advisor on the interior, told that the government will conduct the operation for the recovery of the weapons, if they do not hand over voluntarily.

He said that the government will give reward to those who provide information about men involved in the target killings. He said that culprits would be appeared before the special courts. SAMAA

SC Rejects Govt Plea for Time in NRO Review Case

ISLAMABAD: Supreme Court Monday rejected the government plea seeking more time in the National Reconciliation Ordinance (NRO) review hearing.

A three-member bench headed by Chief Justice Iftikhar Mohammed Chaudhry rejected government plea this morning.

The government on Saturday filed an application in the Supreme Court through Raja Abdul Ghafoor, advocate-on-record, seeking more time in the National Reconciliation Ordinance (NRO) review petition to engage another counsel in place of Barrister Kamal Azfar, who was appointed the Advisor to the Prime Minister.

The court rejected the government request and now Barrister Kamal Azfar will have to appear before the court on behalf of the government in the hearing of the case on October 13th.

TBL rakes in Rs50m in opening weekend

MUMBAI: Debutant director Abhishek Sharma’s satire Tere Bin Laden has grossed over Rs 50 million in its opening weekend.

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TBL rakes in Rs50m in opening weekend

Zardari doesnt accept Khosas resignation

ISLAMABAD: Advisor to the Prime Minister Sardar Latif Khosa called on President Asif Ali Zardari at Aiwan-e-Sadr here on Tuesday and tendered his resignation as advisor.

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Zardari doesnt accept Khosas resignation

Aamir Khan talks on his film Peepli Live

Aamir Khan surely knows how to hog the limelight.

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Aamir Khan talks on his film Peepli Live

Peepli Live music review

The audio album of Aamir Khan latest venture, Peepli Live, may not be one that will garner unprecedented hype mainly because of a few reasons listed below.

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Peepli Live music review

Senator Latif Khosa tenders resignation

ISLAMABAD: Prime Minister’s Advisor Senator Latif Khosa in a meeting with President Asif Ali Zardari here on Tuesday tendered his resignation, sources said.

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Senator Latif Khosa tenders resignation

Education, health, food to be exempted from VAT: Dr. Hafeez

ISLAMABAD: Maintaining the economic stabilization achieved by the government and sustainable economic development would be on the top of government priorities while preparing the Federal Budget 2010-11 for the socio-economic prosperity of the country.

This was stated by the Advisor to Prime Minister on Finance and Revenues, Dr. Dr.Abdul Hafeez Shaikh while addressing the Pre-budget seminar 2010-11 organized by Islamabad Chamber of Commerce and Industry here on Monday.

Speaking to the business community, Dr.Shaikh said that to reduce the fiscal deficit, government would reduce the non-developmental expenditures of the government and reduce the inflation from double digit to single digit.

He added that the vulnerable segments of the society would be brought into economic mainstream by providing them the targeted subsidies in budget 2010-11 to poor segment of society and diverting the resources from privileged class to poor segment of the society.

Dr Hafeez said that to fulfill the financial requirements and to bridge the fiscal gape by own resources it was essential to increase the existing tax to GDP ratio which currently stood at only 9 percent.

Highlighting the importance of the Value Added Tax (VAT), he explained that VAT is not a new tax adding that it was only substitute of General Sales Tax which would help generate additional revenues of about Rs. 50-60 billion during the first year of its implementation adding that VAT would also help documentation of national economy.

He informed that education, health and food items would be exempted from VAT. The Advisor said that government would welcome the positive proposals and suggestions from the business community about the tax administration reforms and other reforms to enhance the tax revenues as well as to facilitate the tax payers.

He said that government would never over-burden the taxpayers who are already paying their taxes with full honesty adding that the people who are not paying the tax would be brought under the tax net.

He said that agriculture tax was the provincial subject and it would be decided by them when and what ratio of the tax to be imposed on the sector.

Hafeez Shaikh said that budget 2010-11 is being prepared with full consultations of the provinces keeping the transparency and honesty in consideration.

Addressing the seminar president ICCI, Zahid Maqbool urged the government to provide business conducive environment for the promotion of trade and business in the country.
Zahid Maqbool called for properly educating the business community before implementing the VAT.

Israr Rahoof, Member Direct Taxes FBR informed the seminar that FBR has organized seminars on VAT in all big cities where in collaboration with chambers of commerce to educating the business community.

25 militants killed in Orakzai air strikes

KALAYA: At least 25 militants were killed as fighter jets hit their hideouts in the northwestern tribal areas, an official said Thursday.

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25 militants killed in Orakzai air strikes

Pak urges world to take action against depictions

ISLAMABAD: Pakistan Thursday firmly stated that it would take a sovereign decision as to when and where to undertake a military operation.

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Pak urges world to take action against depictions

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