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DATE: 08-07-2016                  

 

The Government is pursuing a strategy of revenue mobilization and expenditure rationalization to bring down the fiscal deficit.

 

The Federal Government will provide seventy eight billion rupees for various ongoing and new development projects in   Azad Kashmir.

 

Pakistan International Airlines has deputed a dedicated aircraft to bring back Prime Minister's Camp Office partly shifted to London.

 

The United States and South Korea will deploy an advanced missile defense system to counter North Korea's missile threat.                                                                             

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STRATEGY:

The Government is pursuing a strategy of revenue mobilization and expenditure rationalization to bring down the fiscal deficit to below four per cent to GDP during the current financial year.

 

Under the strategy, the Government will further streamline the tax concessions and exemptions introduced under Statutory Regulatory Orders, reform the tax administration, focus tax compliance and establish the Tax Policy Research and Analysis Unit to raise tax to GDP ratio.

 

The government will continue strengthening frameworks for the public debt and financial management by reducing energy subsidies and restructuring or privatizing the loss making Public Sector Enterprises.

 

The Government is also committed to keep public debt to GDP ratio on a downward trajectory during the current fiscal year through effective fiscal and prudent debt management.

      

MUQAM:

Prime Minister's focal person for relief activities in flood hit areas of Chitral Amir Muqam has said no effort will be spared for early rehabilitation of people affected by the recent rains in Chitral.

 

Talking to the people in Chitral on Friday, he assured that all available resources will be provided for the relief and rehabilitation of the affected population.

 

Amir Muqam said Prime Minister instructed him about relief activities in Chitral on phone from London.

 

The focal person said federal government is taking practical steps for the development of Chitral and provision of electricity to the area will be ensured.

 

Later, the deputy commissioner Chitral gave him a detailed briefing about the destruction caused by floods and the ongoing relief activities.

 

He informed that a summary of fifty million rupees has been sent for construction of nine bridges and twenty two roads while ten million rupees have been released by PDMA.

 

Speaking on the occasion, Amir Muqam said we want early completion of Lowari Tunnel to facilitate the people of the area.            

 

AJK

The Federal Government will provide seventy eight billion rupees for various ongoing and new development projects in Azad Jammu and Kashmir.

 

Official sources told our Muzaffarabad correspondent Altaf Andrabi that these projects include Neelum- Jhelum Hydro Power project which is being   made operational next year with generating capacity of 969MW electricity.

 

Construction of Taobut- Muzaffarabad express way will not only boost tourism in  Neelum Valley but also usher in an era of economic prosperity in the region.

 

Other projects include water supply scheme Chaksawri Mirpur, women university Bagh, Medical colleges of Mirpur and  Muzaffarabad and Construction of   a new  building of AJK Legislative Assembly.                 

 

PIA

Pakistan International Airlines has deputed a dedicated aircraft to bring back the Prime Minister's Camp Office partly shifted to London due to his health issues.

 

The PIA Spokesperson clarified that due to the Prime Minister's health issues, the PM Office had partly been shifted to London, where a Camp Office had been set up.

 

He said since Prime Minister has now recovered after his surgery and allowed to travel, the whole Camp Office has to be shifted back to Pakistan.

 

He said as many seats were not available on PIA's regular flights due to which the only option was to depute a dedicated aircraft.       

 

POLICE

Karachi Police have arrested thirty three foreigners including Afghan nationals during a search operation in Orangi and Baldia Town.

          

ABBOTABAD

Four people were killed and fourteen others injured when a tourist van fell into deep ravine at Thandiani road in district Abbottabad.

 

The injured were shifted to Ayub Medical Complex for medical treatment.            

 

MISSILE:

The United States and South Korea have agreed to deploy an advanced missile defense system to counter North Korea's missile threat.

 

In a statement in Seoul, South Korea's Defence Ministry and the U.S. Defence Department said the missile system will be used only to counter the threat from North Korea and would not be directed towards any other country.

 

Meanwhile China has opposed the deployment of the missile system and warned that it will seriously damage regional security in northeast Asia.

         

TYPHOON:

In Taiwan, thousands of people were evacuated on Friday after Super Typhoon Nepartak lashed the country with powerful winds and torrential rains.


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