News Clipping - Archives August 2016


TMA HEAD OFFICE 

DATE: 2016 August 31

DAWN NEWS

PM chairs SC-mandated cabinet meeting today

Cotton body meets after two years

US wants barriers removed for trade promotion

Cabinet to approve banking channels with Iran soon

“AD” Etihad Airways

.THE NEWS

Shanghai Electric to buy over Rs18 bn shares of K-Electric

After the promise

Price of life

“Ad” Industrial Trading And RecyclingCategories   

Pakistan to soon approve banking ties with Iran

FBR collects Rs526bln in taxes on POL products in 2015/16

Chinese entrepreneurs explore business opportunities

B RECORDER

Cabinet to accord approval to agreement: Dastgir

Clearance of consignments: Electronic I Form to be mandatory from September 1

FCCI executive committee seats: 15 candidates file papers

Goodbye to IMF and all that?

Electricity consumption by textile companies: delay in grant of ST zerorating facility warrants ministry''s intervention

DAILY JANG

MOU signed between PRGMEA and E-Commerce gate way

CEPEC project will create opportunities of Mutual trade

DAILY EXPRESS

New issues arisen due to verification of sale tax invoice

CE TDAP stressed on removing hurdles with Iran in Trade


TMA HEAD OFFICE 

DATE: 2016 August 30

DAWN NEWS

Domestic laws strengthened against money laundering: Dar

Deals worth $350m closed at Textile Asia

Doha airport brings in passenger tax

Govt eyes 13m cotton bales this year

.THE NEWS

Pakistan returns to world trade

Cotton production feared to remain short of 2.5 million bales

Banking bad loans up 2.46pc to Rs649 Billion

FBR raises additional Rs2.7bln through laws enforcement

Falling exports behoove efficiency in clothing sector

Pakistan, Iran discuss ways to remove trade barriers

Textile Asia Expo receives overwhelming response

B RECORDER

PM explains how CPEC will boost Pakistan's prospects

New valuation rulings: DGCV- importers row may be resolved on August 31

LCCI elections: Different groups file nomination papers

FBR decides to recruit scanning image Readers

16th Textile Asia exhibition fetches over $350 million deals

PRGMEA signs MoU with E-commerce Gateway

DIN Industries, Vivafit sign MoU

A Model for Indirect Taxation: Review of New Indian Goods & Services Tax Law from Pakistan's perspective

Restoration of input tax adjustment: Ordinance may be applicable Retrospectively

Cross verification of input tax adjustment: FBR uploads MIS reports for registered Taxpayers

Economic challenges over: Dar

DAILY JANG

CPEC is big achievement of PM businessmen will be benefited from basic infrastructure exports will boost

Notification of reducing electric tariff by Rs 2.49 paisa per unit

Foreign debts reached at its peak state bank

3rd founding of CEPEC celebrated

DAILY EXPRESS

Flaw in software of electronic return form detected

Federal textile board meeting held under chairmanship of federal commerce minster

150 billion dollar investment expected in CEPEC industrial zones

Business community wills extend full cooperation in CEPEC president FPCCI

Helps south from Lahore chamber for resolving issues of valuation    


TMA HEAD OFFICE 

DATE: 2016 August 29

DAWN NEWS

Irritants in evolving devolution

Need for import substitution

.THE NEWS

Pak Embassy in Washington notifies expiry of manual passports

Property in Dubai

Grave Matters

B RECORDER

Minimum taxation issue: President issues four orders

Dastgir, others to discuss export slide

Decisions on sell-off: Cabinet Division seeks cabinet''s endorsement

C/A deficit

FPCCI to cooperate with government to make SAEU a reality

Qatar to levy airport tax on passengers

DAILY JANG

P.O.L Price likely to be reduced by Rs. 4.50 per liter from 1st September

DAILY EXPRESS

Govt to introduce coin of Rs. 10/- decision taken

South Asian economic union is the need of hour Rauf Alam

Reduction in investment by China in cepec  is a matter of concern

Govt should help exporters to enhance exports small traders.

Foreign investors remit profit of 14.5 crore dollar.


TMA HEAD OFFICE 

DATE: 2016 August 28

DAWN NEWS

Water emergency

Fake note at bank

Repatriation of profits rises almost threefold

Draft amendments to corporate sector rules issued

National Savings reduces interest rates

Why China won’t own next generation manufacturing

.THE NEWS

Clean energy attracts another $500 million

Low duty on used cars gives leverage to elite, affluent

B RECORDER

IMF for better taxation of agriculture sector

Rs 5 coin to be recomposed: government to introduce Rs 10 coin

Business registration: PITB coordinates departments for developing one-portal

CPEC chains: Pakistani businesses advised to invest in R&D

Zafar Hussain appointed as vice chairman of FPCCI body

DAILY JANG

Processing of manual passport stopped. Pakistani embassy in U.S.A announced

F.B.R will do adjustment of in put tax on service of provinces

New rules announced for Hajis in Saudi Arabia

DAILY EXPRESS

S.M.A RIZVI Textile Institute “AD”


TMA HEAD OFFICE 

DATE: 2016 August 27

DAWN NEWS

South Asian Economic Union soon

Chinese city hotels asked to turn away people from five Muslim countries

.THE NEWS

Pakistan made secure for investors, says PM

Export sector showing dismal performance, warns ICST

Electronic forms expected to cut imports bill by $15 billion

SECP, COPHC sign MoU for investment in Gwadar

TDAP scam hearing put off till September 29

B RECORDER

Input tax adjustment: proposed ordinance to be approved by Cabinet on August 31

16th Textile Asia expo begins today in Lahore

Fool-proof modus operandi devised to deduct ST from vendors

'Labour-related issues can not be resolved without industrial growth'

Textile industry seeks cheap energy

DG TP says SMEs being asked to diversify product line

'Criminal breach of trust, my lords'

DAILY JANG

SECP will setup felicitation center

Less investment from Chinese side should be taken as warning Main Zahid

2 days trade exhibition under the auspices of Indonesian consulate will begin from 27th August

High powered Nigerian delegation will visit Pakistan next month    

DAILY EXPRESS

SAARC countries aggress to form south Asia economic union

Issue of input tax adjustment between center and provinces solved 

Social security to be linked with NADRA under consideration

Karachi Chamber president to inaugurate to day Indonesian exhibition

Global value Chains will come into existence through CEPEC 

Govt should immediately review national tariff commission industrial sector demands

Rawalpindi Chamber will hold 1st time awards ceremony abroad

Attenuation should be given towards textiles sector for 6% growth  


TMA HEAD OFFICE 

DATE: 2016 August 26

DAWN NEWS

Falling remittances

Ammonia leak

Sialkot traders want Punjab CM to intervene as double taxation bites

Reserves cross $23bn

Saarc states call for economic union

First driverless taxi hits the streets of Singapore

.THE NEWS

Double taxation

Saarc moot calls for trade Liberalization

FBR sets Aug 31 deadline for salaried tax return

Monsanto’s BT cotton technologies

Sindh to push for implementation of labour laws

Forex reserves reach $23 billion

LCCI asks SNGPL to solve supply issue

APTMA urges to withdraw gas cess

B RECORDER

IPPs not liable to audit performance?

Implementation of 18th Amendment: government asked to constitute authority or forum

Local industry urges MoC to appoint NTC members immediately

FBR issues IT return forms for tax year 2016

Forex reserves cross $23 billion mark

FTB mulling exempting textile industry from holidays

APTMA hails government for decision on GST refunds

K-Electric pilots automated complaints management system

Business community welcomes payment of sales tax refunds

Decline in direct tax collections

The insulted and humiliated

''CPEC to make Pakistan regional manufacturing hub''

Anti-money laundering cell set up at DG I & I Headquarters

DAILY JANG

After devolution of 18th amendment no ministry has been transferred to provinces completely

National tariff commission is in actives since 7 years industry suffered heavy lost

MODIS expressed concern on declining export

Why private banks do not sanction loan to politicians 

DAILY EXPRESS

FBR has introduced new income tax return form


TMA HEAD OFFICE 

DATE: 2016 August 25

DAWN NEWS

“Ad” Gwadar Port Free Zone

Expatriates and WHT

$7.9bn moved out of Pakistan through forex accounts

Senate body irked by black marketing of currency notes

SBCA raises betterment charges by 1,000pc

Ferry policy soon

Cotton price up

.THE NEWS

Senate body for mechanism to issue new currency notes

$7.9 bn taken abroad in five years, NA body told

Baldia factory owners declared innocent,to now testify as witnesses

Pollution may discourage anchoring of foreign ships

Documentation can boost economic growth to 8pc: PBC

Iranian businesses hope to begin trade with Pakistan

Govt, private sector need to work closer to offset falling exports

FTO to take up property valuation

B RECORDER

SC questions World Bank''s ''veto'' power

Direct taxes: There''s two percent decline, concedes FBR chief

Five years: over $7.9 billion taken out from country, National Assembly body told

Karachi-Muscat-Chabahar-Dubai route: policy on ferry service by next week: Bizenjo

Taxpayer gets refund on FTO's Intervention

PBC puts its weight behind Dar

Property valuation issue: FTO vows suppport to traders

Readymade garments: government will address problems, Haroon tells importers, custom agents

Sales tax refunds: payment of Rs 21 billion will not help increase exports: exporters

75th plenary meeting of ICAC in October

'The minister without wings'

APCCMA granted licence for five years

Prime Minister to distribute GST refund Cheques

Top brass of commerce ministry grilled by National Assembly body

Bearing value date of June 30, 2016: SBP asks banks to accept ST refund cheques

Monthly fuel adjustment: Nepra approves Rs 2.49 per unit refund

Cross input tax adjustments: PRA boycotts meeting with FBR

DAILY JANG

Revolutionary rules for builders and developers in Pakistan imposed

New ferry policy access to Karachi to Muscat Chabahar to Dubai will be easy

Finance minister should remain stick to get economy documented

Federal tax ombudsman offices across the country reached to 9. Abdul Rauf chaudhry

NAB should not be converted into ANTI corruption

Eid Ul Azha likely to be fall on Thursday the 13th September met office    

DAILY EXPRESS

FBR should end give and take system

NEPRA approved redaction of electric tariff by Rs 2.49 per unit

FPCCI hails payment of refund

FBR should not adopt illegal means

Ferry policy is offing in next week

Smuggling has been reduced due to concrete steps

Discussion of FTAs with Turkey and Thailand


TMA HEAD OFFICE 

DATE: 2016 August 23

DAWN NEWS

Oil tankers on strike; no disruption in supply

Textile exports down 4pc in July

Shanghai Electric bids for stake in KE

.THE NEWS

World’s largest indoor theme park to open in Dubai

Shanghai Electric bids for stake in Pakistan’s K-Electric

FBR yet to notify beneficiaries of sales tax concessions

Builders urge Punjab to follow Sindh

FPCCI hails release of stuck refunds

SECP approves principles of governance for non listed firms

SBP calls for diversified financial Services

FBR slaps tax on business class

Incentives go a long way to increase Productivity

‘Policymakers must take businessmen onboard’

B RECORDER

Pro-KBD Wapda chief quits

Refund claims: Prime Minister to distribute cheques today

'Government paying Rs 21 billion ST refunds against verified outstanding Rs 60 billion

FPCCI seeks low mark-up loans for cottage industry

We get very little wisdom from success

'Three years of Dastgir'

37.6 percent decrease in payments of refunds, rebate by FBR

Various taxes, duties Rs 40 billion collected from power consumers

DAILY JANG

Members of ECO should sign and approve agreements as soon as possible

Smart card will be introduced after abolishing registration book of vehicles

SECP has introduced new rules for non-listed companies 

DAILY EXPRESS

Stressed on imposition of ECO trade agreement

Gas prices will also be reduced after oil OGRA

Traders confidence will boost due to release of sales tax refunds


TMA HEAD OFFICE 

DATE: 2016 August 22

DAWN NEWS

Met Office sends proposal to PM for revamping weather Stations

Double Tax

Amendments in the sales tax act

Going after benamis

.THE NEWS

Gas companies to give 412,058 new Connections

B RECORDER

FTA talks with Indonesia: Pakistan sets Condition

Taxpayers'' data: PRAL assures FTO of Confidentiality

HCCI concerned over arrest of its President

MCCI calls for resolving property valuation issue

ST refund: FBR fails to implement FTO's Order

Three years of Dastgir!

DAILY JANG

DAILY EXPRESS

Formal approval of TIROs 12 new customs station opened

Submission of electronic I form for imports is mandatory

Pakistan show 2016 at Dallas opened under Rawalpindi Chamber

Investment board should prove its existence practically Main Zahid


TMA HEAD OFFICE 

DATE: 2016 August 21

DAWN NEWS

Home remittances

Dar directs FBR to clear sales tax refunds by 23rd

.THE NEWS

Govt to release Rs50 billion stuck up refunds next week

B RECORDER

GST refunds: Prime Minister to give away cheques on August 23

Tax authorities told to finalise refund Payments

Chinese companies in run for control ofKElectric

DAILY JANG

SRB AD with regard to “SWWF”

DAILY EXPRESS

To finalize sales tax refund meeting held under chairmanship of Ishq Dar

Pakistan should export other items besides textile to Europe Sajad Kareem

Conference of American experts in Sindh proposed

Textile sector blocked refund worth billions of rupees likely to go vanish   


TMA HEAD OFFICE 

DATE: 2016 August 20

DAWN NEWS

Power users to pay 71 paisas per unit for $2.1bn transmission Line

Industrial plots allotted under Al-Watan scheme to be Cancelled

Stakeholders seek withdrawal of govt’s new valuation table

AD Ministry of Commerce

NAB arrests HCCI chief on charges of fraud

.THE NEWS

Fuel prices likely to be slashed

Gold glistens as scared property investors switch exposures

Inland Revenue offices working today

KCCI dubs double property valuation Illogical

Punjab Governor to apprise PM of CPEC-hit businessesFuel prices likely to be slashed

B RECORDER

Ministry all set to remove NTC chairman

UBG for construction of IP gas pipeline, mega dams

Immovable property: Business community rejects FBR's valuation tables

Karachi regained its lost glory due to operation: Rajwana

FBR: transfers and postings

PRA hails likely withdrawal of amendment through Finance Act

Factors behind leather industry's woes Identified

Seminar on STPF 2015-18: speakers for corrective measures to achieve export target

SBI wants to hold 'business opportunity' conference with US Consulate

Real estate: experts for incentives to avoid diversion of investment

Valuation of immovable properties: Is Ordinance still valid after SC judgement?

SBP''s redesigned website not user friendly

Note on proposed Benami Transactions (Prohibition) Act, 2016

DAILY JANG

POL prices likely o be reduced by Rs 4.50 per liter

Advance sales tax to collected from Marriage halls decision taken

Valuation rules of property to be withdrawn urged

Economy has been improved due to exemption of lodashedding in Industries

DAILY EXPRESS

Unemployment will be end in Pakistan due to economy corridor

Karachi Chamber demands new property valuation rules

FBR will also work today on sales tax refund


TMA HEAD OFFICE 

DATE: 2016 August 19

DAWN NEWS

PM must obtain cabinet approval for fiscal moves: SC

Declining FDI

Reserves rise to $22.62bn

.THE NEWS

PM not above the cabinet, declares SC

Federal tax challenged in IHC

On booking a car

ISGS head, director removed for pinpointing irregularities

Forex reserves rise to $22.623bln

USAID initiates $14.4mln project to improve exports, competitiveness

Govt to facilitate investment in ecommerce gateways

B RECORDER

Companies importing cell phones, textile goods: SC strikes down notification on withdrawal of ST exemption

Nandipur produces power at cost of Rs 7.25 per unit

Sales tax refunds: instrument for settlement yet to be decided

Input tax adjustments: FBR, SRB evolve consensus on revised figures

Textile exports: French envoy lauds role of Shabir Ahmed

Nepra may approve Rs 2.14 per unit Refund

Gwadar Free Zone: 'traders should acquire land to share benefits of mega project'

ICCI expresses concern over declining Exports

Registered units: field formations told to recover short-paid amount of ST

Readymade garments export up by 5 Percent

Loss of technically skilled labour to hurt industry: LCCI

Input-output tax adjustment

Forex reserves up by $192 million

39 paisa increase in KE tariff

DAILY JANG

ISGS chairman and director sacked

Governor Punjab will visit federation house today

Pak-China corridor is the road a prosperity governor Sindh

25 top companies list of 2014 and 2015 issued September

Sindh govt needs promotion of American investment Naheed Memon

35 billion dollar export target is not achievable till 2018

From 1st September petrol of international standard will be available 

DAILY EXPRESS

PM cannot by pass cabinet and cannot issue any order

NEPRA approved enhancement of tariff of KE

Absconder Tariq Iqbal Puri in TDAP scandal case to be arrested

KCCI chamber declared 35 billion dollar export target un realistic

Forex reserves increased by 2.8 crore dollar

Riaz Khattak is in favor of Shifting TDAP head office Islamabad

Mehtabuddin Chawla also separated from UBG makes no difference Iftikhar Malik


TMA HEAD OFFICE 

DATE: 2016 August 18

DAWN NEWS

FBR, govt criticised for imposing heavy indirect taxes

Benami properties

Number of people paying tax voluntarily remains meagre

Centre-provinces row on service tax ‘to hurt investment climate’

Consultations on trade policy from today

Dar directs to stop illegal activities in currency markets

.THE NEWS

Govt refuses to waive off billions of rupees GIDC

Senate panel for GST abolition on domestic power consumers

‘Business community rejects FBR’s property valuation tables’

Senate body advises FBR to withdraw GST on electricity bills

‘Changes in return filing system to curb fraud’

Senate body for rectification in GIDC legislation

Govt to sensitise traders on exportboosting incentives

PBC suggests solution to end impasse between federation, provinces Input sales tax on services

ESS to set up CBW for textiles

‘Sindh to speed up industrialisation’

Baldia factory fire accused gets prearrest bail

Movement of water tankers banned from 6am to 11pm

B RECORDER

Input tax adjustment: promulgation of ordinance on the cards

Bedwear export falls 4.14 percent

New valuation rulings: DGCV-trade row puts container clearance into abeyance

KTBA seminar on 'Sales Tax Act': FBR may consider proposal on WHT regi

Benamibill presented in National Assembly

LCCI urges government to make policies to spur economic growth 

Quality raw materials for exports: ESS to set up country's first 'Common Bonded Warehouse'

BoI restructuring

FBR chairman concedes: impact of every indirect tax passed on to consumers one way or another

Currency, exchange markets: Dar for stopping illegal activities

WORLD OF PRIVATE LABELS MANUFACTURES ASSOCIATION (PMLA’S) CHICAGO USA NOVEMBER 13-15, 2016 

DAILY JANG

U.B.G leader Mehtab Chawla also sent resignation to Chairman

Foreign investment increased by 6 crore 32 lac dollar at new fiscal year

New system of Sales Tax verification has been introduced. Dr Muhammad Arshad

SESSI officials should improve working within 1 month Senator Saeed Ghani

Repair of roads and other infrastructure will be completed by December provincial Minister

DAILY EXPRESS

Gold traders expressed strong reservations on State Bank allegations

Stay Orders against Seles Tax cross adjustment

Ministry of commerce issued schedule of ICCA meeting

Industrial zones is being launched to get benefit from cepec

Poor exports decreased due to  govt policy

Pakistan Investors invited to invest in Ghana


TMA HEAD OFFICE 

DATE: 2016 August 17

DAWN NEWS

NA committee clears draft bill prohibiting benami transactions

Cotton rises as buying interest revives

FDI fell by 11pc in July

SBP wants gold imports formalised to curb ‘abuse’

CM pleased with record SRB collection

.THE NEWS

FDI falls 14 percent to $64.3 million in July

SSGC proposal for gas price hike faces opposition

NA committee approves Benami Transaction (Prohibition) Bill

FPCCI opposes shifting of TDAP office

B RECORDER

IT return, withholding statement: e-filing made mandatory

Benami bill approved by National Assembly body

Crackdown on illegal money changers

Amendment in Sales Tax Act 1990 Challenged

Ministry asked to break up monopoly of car assemblers

July FDI down 15 percent

PIA's first Premier Service flight departs to London

Cotton market: Phutti prices firm on improved activity

Heavy Transport Vehicle course: Tevtawill train 1,000 youth for one year

Technological advancement key to success: LCCI chief

Income Support Levy: LHC grants stay Order

Haseeb Khan quits UBG

FPCCI opposes shifting of TDAP head office to Islamabad

Registered persons: FBR issues modified sales tax return format

Taxpayer's appeal: CIR (Appeals) urged to treat DG I&I-IR as respondent

DAILY JANG

DAILY EXPRESS

Artificial Textile Mills established for tax fraud

OGRA reserved decision on gas tariff increase

Abdul Haseeb Khan resigned from UBG on differences with S.M. Munner


TMA HEAD OFFICE 

DATE: 2016 August 16

DAWN NEWS

Ogra, CNG groups meet today to discuss issue of selling fuel by litre or kg

Cotton crisis

Nawaz orders BoI restructuring; winding up of regional Offices

Trade deficit with China swells to $6.2bn

Council on e-commerce formed

.THE NEWS

KTBA seeks extension for filing Returns

Govt, foreign investors discuss ST input adjustment

Customs forms body to resolve valuation issues

B RECORDER

Made in China

Input tax adjustment issue to be resolved soon: Haroon tells investors, MNCs

KTBA seeks extension in e-filing deadline

GST evasion: DGI&I IR Faisalabad detects 'dummy' textile mill

Trade bodies reject FBR's new property Valuations

SSGCL consumers: Ogra to hold public hearing on gas tariff today

Business community for reviewing Income Tax Ordinance

Minister reviews implementation of labour Laws

FCCI chief explains criticality of economic sovereignty

KATI chief for taking steps to cash in on GSP Plus opportunity

DAILY JANG

Govt decided to scrap Karachi textile City project

CNG will be available in Kilio gram transporters with draws strike call

Property dealers on the top in obtaining loan from banks loan by export sector decreased

Property valuation table is not acceptable FPCCI

Pak-China trade increased by 8 Billion dollar

3 illegal water connections in SITE industrial area disconnected

Issue of input tax adjustment will be resolved by 31st August

DAILY EXPRESS

State bank expressed unreliably on trade of gold and jeweler

Input tax adjustment on services at provincial level is hurdle in CEPEC

Lahore chamber demands awareness before imposition of electronics I form 


TMA HEAD OFFICE 

DATE: 2016 August 15

DAWN NEWS

Property valuation: impact of the policy U-turn

SBP subsidiary to protect small depositors

Declining exports — turning around and beyond

.THE NEWS

Ad On Made in Pakistan Single Country Exhibition Almaty- Kazakhstan November 04-07-2016

B RECORDER

UBG lauds government's economic Direction

MCCI seeks tax refunds of industrialists

Ombudsman for setting up helpline for public complaints

How to transform indirect tax system

Input output tax Adjustment

Former FBR officials: NAB to probe minimum tax matter

DAILY JANG

DAILY EXPRESS

IMF programme made successful 1st time in country tory

Decline in exports and remittance is matter of concern Main Zahid

F.P.C.C.I requests chief minister Sindh to build water treatment plan   


TMA HEAD OFFICE 

DATE: 2016 August 14

DAWN NEWS

‘Property valuations’

.THE NEWS

Pakistan to host SAARC finance ministers’ moot to discuss SAFTA

Reforming tax system linked with staff Accountability

Banking on cash

B RECORDER

PBIF chief seeks extra attention to dwindling export sector

Defaulters exceeding 50 percent of consumers: NA panel for disconnecting power supply to entire area

DAILY JANG

FBR will determine by 31st August actual market rate of 10 cities

Exports and foreign remittance both are on decline trend Mia Zahid

AD SMA Rizvi Textile Institute    

DAILY EXPRESS

Illegal water connection SITE industrial area disconnected

Reports  asked for income tax evasion and money laundering 

Chief Minister Sindh Murad Ali Shah visited FPCCI


TMA HEAD OFFICE 

DATE: 2016 August 13

DAWN NEWS

Wapda chief says he will quit if proven wrong on Kalabagh

FBR blamed for delaying refunds payment

New tax return forms issued

State Bank sees no major decline in remittances

Aptma warns of further fall in exports

Accord to create Colombo International Financial City

SECP launches improved bilingual website

.THE NEWS

Pressure mounts for rupee devaluation as exports, remittances fall

Taxpayers mayface difficulty in filing returns till Aug 31

Industrial sector expected to grow 7.7pc in 2016/17

‘Govt has no plan to introduce fuel grade ethanol’

Danish companies offer solutions to textile industry

SECP launches new bilingual website

B RECORDER

Builders and developers: FBR floats rules for collection of 5 percent advance tax

Textile industry: Novozymes presents solutions to reduce water, energy costs

SBP to launch revamped website on August 14

APTMA Punjab chief urges government to resolve textile industry's issues

SECP launches its new dynamic, bilingual Website

Individuals and AOPs: FBR issues draft of IT Return Forms for 2016

DAILY JANG

SECP launched website in Urdu and English language

DGTO ordered Karachi Chamber to Issue new elections schedule with in 3day

FBR will start sales tax cross verification system from 15th August

DAILY EXPRESS

Industrial issues of Pakistan can be solved Danish envoy

Forex reserves decreased by 39.7 crore dollar with a week

GSP+ 27 conventions to be implemented


TMA HEAD OFFICE 

DATE: 2016 August 12

DAWN NEWS

Barrett got visa because US mission ‘failed to update blacklist’

Ministry opposes moving ILO to help Pakistanis in Saudi Arabia

Blacklisted US citizen

Skilled workers

Taxes on property deals

Cotton price continues to fall

FBR to reconsider valuation rates, claim builders

Tax filing deadlines extended

Reserves slip to $22.6bn

Dubai plane crash survivor hits $1m jackpot

Long queues at the few open CNG stations amid dealers’ strike

Quake threat looms over Karachi: US seismologist

.THE NEWS

Dubai plane crash survivor hits $1m Jackpot

Italy to explore trade opportunities

Customs issues procedures for online import form

Forex reserves fall to $22.595

FBR, AGPR to check tax evasions

B RECORDER

Slow progress on PTAs, FTAs: Commerce minister facing apathy of bureaucracy

Exemption certificates: taxpayers still facing difficulties

16th International Textile Asia Exhibition from August 27

SBP, FIA sign MoU to improve Coordination

FPCCI annual elections: UBG to announce its candidates at Lahore's meeting

APTMA urges implementation of agreement on zero rating

CDNS reduces interest rate due to lower PIB rates

The elusive quest for industrialization

CNG protest puts Sindh''s vehicle users to Hardship

Date for filing tax, federal excise returns Extended

LHC upholds constitutionality of ISL on net assets: FBR tells LTUs and RTOs

New valuations of properties: petitioner moves SC against government move

DAILY JANG

Increase in tax on sale of property challenged in Supreme Court

Real estate finance bill chairman FBR called to explain tax levied on property

Textile units are not shifting abroad ministry of textile clarified

Allotment record of site industrial area called

Meeting of value added textile, association

Core committee meeting of UBG will be held on 15th October at Lahore

Forex reserves fall to $22.595

Applications filed in Islamabad high court by grade 22 officers of FBR

DAILY EXPRESS

FBR has issued new income tax return form

Textiles sector expressed reservation on zero-rating notification

PSQCA set standard of Pakistani Flag

Increase in value addition importers will protest


TMA HEAD OFFICE 

DATE: 2016 August 11

DAWN NEWS

Remittances plunged 20pc in July

Higher valuation of industrial plots hampering expansion

IMF warns Pakistan of risks if reforms stall

SBP plans to introduce cashless, mobile-based finance system

First isolate, then negotiate: how India’s GST deal was done

.THE NEWS

IMF satisfied with three-year performance of Pak economy

Remittances fall 20pc in July; lowest in three years

SHC asks govt to refund capital gains taxes deducted in 2014/15

Exports drop 6.8pc in July

CNG stations in Sindh warn of Shutdown

Iranian airline eyes flight operations in Pakistan

‘Tax automation system to generate billions of rupees’

Prudence must to reduce energy, water, gas shortage

B RECORDER

Where is much-touted industrial policy?

Offshore companies: FBR identifies 440 Persons

Exports fall by 6.86 percent in July

PIA to launch premier service from August 14

LCCI, Pakistan mission in Netherlands to enhance two-way trade

Fraud in sharp business practices

Tawab for exploring untapped African Markets

DAILY JANG

Penalty of Rs 10 crore will be imposed if drug prices are increased at own

Officers should accelerate tax recovery and achieve targets

Trade deficit increased by 2 billion dollar during July state bank

FPCCI holds seminar on foreign investment

African markets should be tapped to enhance exports

Bank account holders prefer Islamic banking  

Valuation of property to be made reasonable under consideration

CNG station protest station to closed from 11th August

DAILY EXPRESS

Issue of price of CNG

Exports fall by 6.86 percent in July

Remittances fall 20pc in July; lowest in three years

Export declined by 11/2 billion dollar in July

Continuity of polices is must for foreign investment

Private sector should be included in CEPEC

FPCCI stressed on enhancing exports to Africa


TMA HEAD OFFICE 

DATE: 2016 August 10

DAWN NEWS

Sindh consumers to get CNG in kilograms after Ogra ban

FBR surpassed target by Rs26bn in FY16

.THE NEWS

Customs, SBP sign MoU to make electronic I-Form operational

Total revenue collection of Rs3,130 Billion

SBP, Customs close rank to monitor forex outflows

Indian central bank calls on govt to set up monetary panel; holds rate

Majority of 130mln mobile users depend on ‘missed call’

New valuation rules halt property registrations: ABAD

B RECORDER

WHT on properties to be collected as per valuation table: FBR tells LTUs, RTOs

SBP, Customs ink MoU: Electronic forms to benefit economy: Dar

FBR collects over Rs 3.13 trillion in tax year 2015-16

On GST reforms in India

Transfers, postings in FBR

Security situation: IGP Sindh seeks businessmen's help

Lahore, Faisalabad & Karachi: Danish diplomats to visit textile mills this week

Filing of ST annex c: FBR urged to extend Date

KTBA seeks time to comply with new tax return form

10 percent Pakistanis say they cannot afford mobile phones: survey

Valuation mechanism: property registration comes to a halt across country: ABAD

Tax evasion: DG I&I IR designated as agency to prosecute offence

DAILY JANG

Purchaser of medicine can check its originality from mobile phone

20 officials of grade 18 to grade 20 officers replace 

Provincial minister of industry and trade visits SITE ltd restriction imposed on lease and transfer of plot

Joint project with state bank and customs launched for electronic import form issuance

Local gas cannot sell in liter OGRA

Stamp duty should be collected according to DC rate

Steps accelerated to shift ECO head quarter to Pakistan   

CONGRATULATIONS TO MR. SHABIR AHMED

DAILY EXPRESS

Under invoicing of imported items state bank system linked with customs

Land port authority formed through executive order

Seller of CNG through litter in Sindh warned for action

Property valuation stopped due to new valuation formula

Khandar police imposed ban on Pakistani rupees

PCDMA demands extenuation is sales tax submission date

PRAL chief entrusted task of removing hurdles in e-return flinging system


TMA HEAD OFFICE 

DATE: 2016 August 09

DAWN NEWS

PM dismayed at progress on e-commerce policy

Customs launch drive to curb undervaluation of imported Goods

Door to foreign investors only half-open in India

Wal-Mart to buy retailer Jet.com

“AD” All Pakistan Textile Mills Association

No ban on holding Pakistani currency in Afghanistan: Dar

.THE NEWS

EOBI on verge of collapse due to wrangling over ownership

Old design currency notes to be demonetised by December: SBP

FBR to get new head next year

Korean firms keen to transfer solar Technology

SECP unveils new regulations for listed companies

Cotton yarn production up

Private sector seen instrumental in improving living standards

B RECORDER

Perks of Pak-Indonesian FTA

TDAP proposes conference in Kazakhstan in October

SECP notifies Listed Companies (Buy- Back of Shares) Regulations, 2016

CPEC projects: delegation leaves for China today: FPCCI

Further tax zero-rated supplies: textile industry has not received any notification

Korangi Industrial Area infrastructure: Kati chief underscores need for allocation of funds

FBR for appointment of Delloitte as external auditors of Pral

New valuation plan: DHA Phase-IX, DHA City, Bahria Town included

DAILY JANG

Electronic verification of sales tax invoice strive imposed immediately

Flaws to be removed in valuation of property of Islamabad Karachi Peshawar and Rawalpindi

EOBI is on verge of collapse due to rig between center and provinces

Legal status of old design notes will end from 1st December

SEPC issued rules and regulations for listed companies

DAILY EXPRESS

Restriction on rupee Dar approached Afghan envoy

Double taxation decision taken to amend PAK-China agreement

Instructions to update NTN master index on quarterly basis

Old Design notes will not be valid

Cotton prices increased by Rs 7000 1st time in Current year


TMA HEAD OFFICE 

DATE: 2016 August 08

DAWN NEWS

Power sector dues jump by Rs250bn in three years

Graduation with grace marks

Interest and exchange rate stability

Property valuation: FBR in deputy commissioner’s shoes

Lacklustre regional trade

.THE NEWS

In politics of loan write off, all are beneficiaries except the poor

India’s Sales Tax Is A Victory For Modi

B RECORDER

Property valuation - short of target

MCCI President for exploring new markets to increase exports

Over 68 KP units not paying a single penny: tax survey

DAILY EXPRESS

LCCI stressed introduction of market development programme

KATI welcomed enhancement of Pakistan share in world market

THAI envoy stressed on removing hurdles in trade

FBR issued notification of promotion of 2 officers in grade 22

Share of local firms in CEPEC is a must 


TMA HEAD OFFICE 

DATE: 2016 August 07

DAWN NEWS

FBR awaits Dar’s nod to implement new plan

Cotton price at seasonal high

French award for Pakistani businessman

.THE NEWS

Important changes being made in sales tax system

Taxing companies to fund need-based vocational training

Licence renewal conditioned with course

B RECORDER

SRO 1125(I)/2011: no exemption from further tax available, textile sector told

SME units: modern ways urged to generate electricity

E-Stamp paper system launched in Faisalabad division

Pakistani businessman given French Medal

FPCCI holds seminar on foreign investment in Pakistan

DAILY JANG

Radical changes in sales tax system is in offing chairman F.B.R

DAILY EXPRESS

Afghanistan imposed restriction on business dealing in Pak currency

Stressed on abolition of extending extension date of filing returns


TMA HEAD OFFICE 

DATE: 2016 August 06

DAWN NEWS

Pakistanis splash out Rs85bn on Dubai property in six months

Karachi costliest, Lahore cheapest city: SBP

.THE NEWS

‘Sizing, weaving sectors failed to contribute to textile sector’

CNG body converts gas sale in Sindh from kg into litres

IMF to release last installment of $6.6 billion loan to Pakistan

KCCI elections on September 26

Govt to appoint experts for ecommerce regulations

Foreign investors want consistent economic policies

B RECORDER

KCCI rejects reports

'KATI trying to perform at its best despite issues'

Schedule for LCCI polls announced

Impact of CPFTA: local industry rejects Study

Foreign investors' concerns: FBR decides to hear viewpoint of OICCI

Pakistan listed among most profitable markets in the world

Bank accounts' attachment and tax officials' powers: Parliamentarians urged to take up issues

Hazardous chemicals: textile brands, retailers set to minimise industrial releases 

FBR clarification

Value of the property: IR Commissioner cannot re-determine valuation of property

DAILY JANG

Notification issued for promotion of 13 officers in grade 22

No amnesty in investment on immoveable property fbr 

Chamber election only 2 candidates approached DGTO in the light of election commission decision   

DAILY EXPRESS

Low price huge consumption of furnace oil and petrol

Holding of election of Karachi chamber is misconception spoke man

Price fixed due to in active OGRA CNG sector  


TMA HEAD OFFICE 

DATE: 2016 August 05

DAWN NEWS

Rewarding vigilantism

Farewell to the IMF

Budgetary somersaults

Pakistan completes $6.4bn IMF bailout programme with some Slippages

Reserves near $23bn

CNG to be sold in litres in Sindh

Baldia factory fire: ILO probe mission experts return

.THE NEWS

Pakistan bids adieu to IMF

GST on POL products challenged

Sindh CNG consumers to pay Rs6 more per litre from tomorrow

Forex reserves drop to $22.978bln

FBR imposes condition to avail tax Credit

Consumer loans inch up 3.75pc

FBR eyes over 700,000 new return filers in current tax year

TDAP seminar on Brexit

B RECORDER

Low exports weighing on growth prospects: IMF

Note on the Income Tax (Amendment) Ordinance, 2016

LCCI for resolving export-oriented industry's issues

Controversy of KCCI elections: rival groups make contradictory claims about DGTO's decision

Forex reserves down $226 million

Textile exports FY16: Turnaround next year?

Cheaper goods for CPEC projects PBIF for reducing import duty on raw materials

Senate panel reacts to recreation of devolved ministries

FBR directed to issue admissible ST refund to taxpayer

CNG price in Sindh may soar by Rs six

DAILY JANG

Sindh mechanism of cng changed from kilo to liter consumers have to bear burden of Rs 6 extra

Water board decided to enhance water rate by 9% summary sent to MD for approval

Vehicle registration will be done after verification from NADRA

Local company should be given its share in CPEC

Forex reserves down by 22 billion 97 crore 85 lac dollar

Alam Din Billion new chairman of Sindh revenue board

Rs 6.842 billion collected sales tax in July 

DAILY EXPRESS

Planning to increase CNG cost in Sindh

Reserves near $23bn

TDAP will hold exhibition in Dushanbe, Qatar Italy, Belarus


TMA HEAD OFFICE 

DATE: 2016 August 04

DAWN NEWS

Land prices to remain understated

New property valuation for six more Punjab cities

Battling loadshedding

Tax amnesty

Flights to India

Property investment

Chinese investors and power debt

Dastgir eager to increase trade with Indonesia

SBP revises regulations for consumer financing

Indian parliament passes landmark tax reform bill

Limited liability partnership bill introduced

‘Pakistan’s global trade share grows 5.5pc in five years’ 

.THE NEWS

No shortage of water in Sindh, says CM

Govt’s domestic borrowing swells to Rs5,000 billion

SBP revises consumer financing Regulations

Indonesia must review import quota policy for Pakistan

Banks, DFIs double infrastructure Finance

Panama seeks to punish countries

Tax amnesty on property deals only covers FBR’s valued amount: Official

Banks; deposit protection bills passed

Indian parliament to vote on new sales tax, rate in focus

Pakistan’s share in global trade up 5.48 percent

B RECORDER

Fiscal Year 2015-16: WHT collection stands at Rs 831.4 billion

Consumer financing: SBP revises Prudential Regulations

China's Shandong Chamber wants enhanced collaboration with KCCI

NA passes banking bills

Packing material: 'exporters can continue to claim input tax credit/refund'

Discussions on Benami bill deferred on absence of finance minister, FBR chairman

Limited Liability Partnership Bill 2016 Introduced

Dastgir urges Indonesian minister to reconsider import quota policy

India using water as weapon against Pakistan: LCCI

Real estate market loses some momentum on new valuations

DAILY JANG

Chief Commissioners should consult provincial officials for collection of tax on market

RS 220 billion worth goods import from India while exports stand to Rs 48 billion

Want to enhance cooperation with Karachi Chamber Chines officials

DAILY EXPRESS

Report called on increasing car prices

Federal tax offices to be established in all districts

Karachi divided into 8 categories with regard to property valuation 

Chinese businessman visiting Karachi Chamber


TMA HEAD OFFICE 

DATE: 2016 August 03

DAWN NEWS

Prices of residential plots highest in Lahore and Peshawar

Workers’ welfare

‘Islamic world should focus on innovation to boost trade’

Indonesian envoy for greater trade

‘Unchecked corruption in EOBI harming workers’ interests’

.THE NEWS

FBR sets new prices for real estate in major cities

Immigration authorities of Saarc discuss plan for visa exemption

Pakistan’s economic problems — III

Stakeholders hail Saeed Ghani’s appointment as labour adviser

Govt cuts profit rates on saving certificates

Businessmen for uniformity in cargo throughput charges

Indus Threads takes fashion to US

Bangladesh officials visit Manila to seek recovery of bank heist money

B RECORDER

Immovable properties in various cities: new valuations issued by FBR

Pakistan, Indonesia: bilateral trade volume up by over 300 percent in five years: CG

Unfinished Indian economic reforms

CDNS revises profit rates for certificates

Throughput charges: LCCI urges CAA to impose uniform rate on import consignments

Traders, exporters concerned at decline in Exports

Realty transactions

Property survey to be initiated in Karachi soon: minister

FBR will have to collect Rs 506 billion additional revenue in FY17

Delay in setting up of Exim Bank: Concerns of Senate body to be conveyed to forthcoming AGM

Warehouse at AFU: Exorbitant raise in rent to hit trade

ICMA submits recommendations on draft Companies Bill-2016

7th meeting of SAARC Immigration Authorities: SAARC visa exemption scheme to be improved

Towel export 0.41 percent down

FBR's directives to field formations

FBR recovers Rs 921.2 million from new taxpayers

DAILY JANG

Due to notification Rs.4thousand billion will come in to tax net through business.

SAARC home ministers conference begin exemption from visa to be discussed.

Karachi chamber election candidates of businessmen group elected un opposed.

Business community should work collectively to improve economy.

DAILY EXPRESS

Property prices fixed in all big cities including Karachi.

Pakistan placed proposal for formation of Islamic economy trade block

Karachi chamber BMG elected unopposed on 15 seats


TMA HEAD OFFICE 

DATE: 2016 August 02

DAWN NEWS

FBR empowered to carry out property price evaluation

SRB collects Rs7bn sales tax

Petrol imports hit new record

Pak Suzuki hikes prices by 3pc

SECP proposes rules for specialised firms

.THE NEWS

Pakistan’s economic problems — II

Ordinance empowers FBR to place market value on property

FBR to bring private education institutions into tax net

Supply of 45mgd of water formally begins from Hub Dam

B RECORDER

Realty ordinance injects clarity into government game plan

PICT clears backlog of up to 7000 TEUs

Dar must pay attention to dwindling exports: PBIF chief

Abolishment of tax credit facility on packing material: PIAF expresses concern over government's decision

Senate panel adopts SEZs (Amendment) Bill, 2016

Treading with care

Abbottabad most expensive town in Pakistan

Highest-ever in single month: SRB collects Rs 6.842 billion SST in July

DAILY JANG

Profit on all schemes reduced from 1st August

Notification issued regarding fair market price of immovable property

Karachi 5 times property prices increased

New property tax FBR will collect Rs 180 billion

13 officers of different cadre promoted to grade 22

KATI prudent met PTCL delegation

Industries are being closed due to short supply of water

Door of corruption closed due to formation of property valuation committee

Parliament will soon pass bill of forfeiting BENAMI accounts and property 

DAILY EXPRESS

Capital gain tax should be made part of tax return

Abad stressed consultation on DC valuation amongst provinces

Profit on saving schemes reduced 0.48%

Shortage of water is hurdle towards investment

Business community congratulates Murad Ali Shah

PTCL assured KATI delegation address their problems    


TMA HEAD OFFICE 

DATE: 2016 August 01

DAWN NEWS

Monetary policy

Big business groups fear fragmentation

.THE NEWS

New property tax ordinance Promulgated

Property deal

Media urged to spread awareness about GSP Plus 

Dodging Taxes

Imposing True Liabilities

B RECORDER

Realty sector: Ordinance to be issued soon: Dar

MCCI seeks uninterrupted power supply to Industry

Dubai billionaire businessman behind Aramex stake buys

Gas distribution Formula

Tax on services after 18th Amendment: Customs clearing agents required to pay to FBR or SRB?

DAILY JANG

Law of new tax on property imposed

Sale and purchase of property

Fiscal discipline important decisions  

DAILY EXPRESS

Cost of doing business should be reduced to enhance exports

Abolition of refund on packaging material of zero rated sectors is unjustified  

Pakistani 9 companies to be participated in INTER Textile Shanghai Textile exhibition

State Bank Monetary Policy