Punjab Assembly approves Finance Bill
June 22, 2010 by Trend PK
Filed under Breaking News
LAHORE: The Punjab Assembly on Tuesday approved amended Punjab Finance Bill 2010-11 in its special budget session with Speaker Rana Muhammad Iqbal in the chair, while the opposition abstained from voting, ARY NEWS reported.
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Punjab Assembly approves Finance Bill
Shahbaz says ”no” to Taseer”s Mercedes
LAHORE: Chief Minister Punjab Shahbaz Sharif has rejected a summary for purchasing new bullet-proof Mercedes Benz car for Governor Punjab Salman Taseer, forwarded by Additional Chief Secretary and Punjab Finance Ministry.
According to government spokesman, CM rejected the proposal citing austerity reasons adopted by the provincial government to reduce expending.
Punjab, from being a surplus province is now in deficit and borrowing heavily from the State Bank to make ends meet. But it is being made to pay Rs25 million for the purchase of a special bullet-proof Mercedes Benz for Governor Salmaan Taseer. Much to the chagrin of the chief minister, a special supplementary grant has been created through relaxation of rules to make the funds available for the purchase.
Reacting strongly to the refusal Salman Taseer offered for exchanging his official vehicle with that of CM Shahbaz”s and proposed that he (CM Punjab) should sell out bullet proof cars worth billions of rupees under his use.
Justice Asif Saeed Refuses to Hear NRO Petition: Lahore
LAHORE, Pakistan News: Justice Asif Saeed Khosa of Lahore High Court (LHC) on Wednesday refused to hear a petition about NRO beneficiaries and returned the case to the Chief Justice of LHC.
Barrister Javed Jaffrey had filed the petition, stating that NRO beneficiaries had been accused of looting national wealth, pleaded to declare the beneficiaries of the National Reconciliation Ordinance (NRO) disqualified from contesting elections or holding any public office. In petition 16 prominent political leaders were made party.
Justice Asif Saeed Refuses to Hear NRO Petition: Lahore was first posted on December 2, 2009 at 3:07 pm.
President Zardari Convenes Meeting of Punjab Cabinet’s PPP Ministers
Pakistan News: President Asif Ali Zardari has convened a meeting of Punjab Cabinet’s ministers of Pakistan People’s Party tonight.
In a meeting to be held at Presidential House Islamabad, PPP senior minister Raja Riaz, Tanveer Ashraf Kaira, Farooq Yousaf Ghurki, Ashraf Sohna, Haji Muhammad Ishaq, Neelam Jabbar and Dr Tanveer-ul-Islam will participate. Punjab Finance Minister Tanveer Ashraf Kaira will brief president about the NFC award. Senior minister Raja Riaz will inform President about the problems faced by PPP in working relationship with PML-N.
President Zardari Convenes Meeting of Punjab Cabinet’s PPP Ministers was first posted on December 2, 2009 at 3:56 pm.
Punjab shows flexibility in National Finance Commission ( NFC ) meeting
QUETTA , Pakistan – Punjab shows flexibility in National Finance Commission ( NFC ) meeting, National Finance Commission (NFC) has agreed to award revenues generated through General Sales Tax (GST) on Services to provinces, which will result in additional revenue of 60 billion rupees for the provinces.
Punjab Finance Minister Tanveer Ashraf Kaira stated this while briefing the newsmen after NFC’s first day session in the provincial capital, which met with Federal Minister for Finance Shaukat Tareen in chair.
Provincial Finance Ministers Tanveer Ashraf Kaira (Punjab), Muhammad Hamayun Khan (NWFP) and Asim Kurd Gailoo (Balochistan) along with other federal and provincial government officials attended the meeting.
Terming the decision regarding the GST on Services a big progress, Tanveer Ashraf Kaira said the provincial governments, particularly Sindh, had reservations on the issue because the federal govt was receiving the tax unconstitutionally.
He said after the expert opinion, the federal government accepted the GST on Services as a provincial right and in future would be given to the provinces.
Replying to a question, he said the federal govt would continue its collection as practiced in the past, but later on, would transfer the amount to the provinces.
Kaira said the agenda was comprised of three points: vertical and horizontal distribution of resources, GST on Services and Gas Development Surcharge (GDS), adding that issues of GST on Services and GDS were discussed Monday’s session and a consensus was reached on the first one.
As far as GDS was concerned, the committee, which was formed in the last session, submitted its report, Kaira informed the journalists.
Punjab shows flexibility in National Finance Commission ( NFC ) meeting was first posted on October 13, 2009 at 9:53 am.
