Carbon Tax Levy a mistake admits Pakistan Government in court presentation

2009-07-11 00:35:01 (GMT) (Caymanmama.com - Pakistan News News)

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Latest Pakistan news of July 10, 2009 in passing

Government of Pakistan admits mistake of introducing Carbon Tax - Supreme Court hears government case
Military operation inside Pakistan must be carried out by Pakistani forces - Admiral giampaolo Di Paola, Chairman Nato’s Military committee
India continues to pound Pakistan with blames of nourishing terrorists
Pakistani President Zardari puts the dagger in the nations back - imposes petroleum development levy
Bears rule the Karachi Stock Exchange

Government of Pakistan admits mistake of introducing Carbon Tax - Supreme Court hears government case

Islamabad (Dawn.com): The Supreme Court of Pakistan was told by the attorney general who represented the Pakistan government on the temporary ban on imposition of Carbon Tax through finance bill in the recent budget that the imposition of such tax was mistake.

The attorney general also presented the Supreme Court with the ordinance in which the President of Pakistan had imposed petroleum development levy and bringing the petrol prices to a higher level.

The Chief Justice of Pakistan, argued that the, ‘‘The ordinance has been promulgated with a mala fide intention and is repugnant to the fundamental rights guaranteed under the Constitution.’ He indicated that it would be challenged through a separate petition.”

He added, that “the ordinance had been promulgated to give a message to the International Monetary Fund that a tax netting Rs122 billion would be imposed on petroleum products in any case. It was ultra vires of the Constitution and the president has no right to impose taxes.’

Military operation inside Pakistan must be carried out by Pakistani forces - Admiral giampaolo Di Paola, Chairman Nato’s Military committee

Islamabad (Dawn.com): Top Nato official, Admiral Giampaolo Di Paola, Chairman of Nato’s Military Committee while answering question of the newsmen confirmed that operation inside Pakistan must be carried out by the Pakistani forces but refrained from answering question about drone attack.

The Nato general spoke about the stolen weapons saying that exact details of the weapons stolen are not with him but he said that the weapons might have been stolen by the band of International criminals.

Pakistani President Zardari puts the dagger in the nations back - imposes petroleum development levy

Islamabad (Caymanmama.com): In the late night hours, a day before, the Pakistani President, Asif Ali Zardari, put a dagger in the nation’s back by promulgating an ordinance that brought the price of petroleum back to the high levels. The act to please his foreign masters and to tell the Supreme Court of Pakistan that ZARDARI is above all laws.

The attorney general also slapped the copy of the ordinance before the chief Justice of Pakistan , mocking him by words that ‘levy of Carbon Tax was a mistake of the government.’

The money much need by the government of Pakistan to boost Zardari’s economy would not be collected by the squeezing the blood of Pakistani nationals.

India continues to pound Pakistan with blames of nourishing terrorists

New Delhi (Dawn.com): The 220 page report release by Indian Defense ministry aims at Pakistani government for nourishing terrorists networks to carry out acts of terrorism inside India. Focusing on Pakistan more than its own internal situation, the report seems to be an excuse by the Indian defense officials to strengthen their security apparatus and blaming outside sources specially Pakistan and forgetting what Hindu extremists are doing inside India would help them in getting more budgetry allocations.

Bears rule the Karachi Stock Exchange

Karachi (Business Recorder): Bulls disappeared from the Karachi Stock Exchange yesterday. The topsy turvy trading session at the stock exchange yesterday saw the index sawing at both sides. The mid day highest of 7,521.01 points and 7,428.84 points recorded as the days lowest. Finally, the stock market closed with a loss of 46.10 points with 7,430.01 points on board.

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