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News Clipping - Archives February 2017


TMA HEAD OFFICE 

DATE: February 28, 2017

DAWN NEWS

CPEC and industrial policy

Petroleum prices to go up sharply

Non-textile exports decline 6pc

Self-driving Nissan car takes to Europe’s streets for first time

Number of mobile phone users to surpass 5bn this year

Landhi Association “Appeal”

THE NEWS

Pakistan joins countries producing solar panels

Economy of the undernourished

Governor Sindh visits Ikhtiar Baig

Costly power generation puts additional burden on consumers, govt

Pakistan among world’s top 10 fastgrowth mobile markets

Businessmen demand end to tax officials’ discretionary power

Efforts on to help Karachi benefit from CPEC, says governor

B RECORDER

Businesses continuing to benefit from aggressive rate cuts: ACCA report

ED issues last summons to Dr Zakir Naik

FBR told to take steps to check fake sales tax refund claims

Islamic banking

Leather industry needs govt attention, says PTA Chairman

Nepra likely to approve refund of Rs1.62/unit for Jan

Pakistanis consume tea worthRs5.028bn in January

DAILY JANG

Recommendation to increase P.O.L prices. Final decision to be taken today.

Nawaz Sharif vision. Public got relief of Rs.120 billion in tax Haroon Akhtar

Businessmen demand end to tax officials’ discretionary power

All possible coperation will be provided to industrialists and traders in Karachi. Mohd Zubar

Notices issued by sepa to industries be immediately with drawn.

Sindh is the biggest victim of environmental change karim ahmed khawja

Forex improved Chinese bank gives 700 million dollar during 6 months.

Reduction of electric tariff  by Rs.1.62 paisa per unit. decision likely today.

DAILY EXPRESS

Pakistan’s economy improved in current years. Forbes

Increase in price of petrol Rs.2.96, kerosene oil Rs.17.55 recommended

Proposal under consideration to declare foreign assets on giving tax at a fixed%

Summer begins temperature likely to go up to 30 degree 

Businessmen demand end to tax officials’ discretionary power

Karachi industrialists will go to court against sepa

Mobile phone users reaches  to 6 lac during last month

No raid without permission on tax payers. Members F.B.R

Expensive electricity is burden  on  consumers and govt


TMA HEAD OFFICE 

DATE: February 27, 2017

DAWN NEWS

PSM land allocated for industrial park under CPEC

Gas politics

‘Fright syndrome’ hits dollar holdings

Of rave reviews and constraints

THE NEWS

Discos collect Rs125 bn extra from consumers in two years

Relying on remittances

Squeezing debt balloon

B RECORDER

ECC approves winding up of Pakistan Textile City

FTO asks FBR to comply with appellate authorities’ orders

Bangladesh opens first solar-powered food Warehouse

Over 4pc world’s population lives with depression

Would it work?

Regulatory bodies

CPEC’s likely effects on local manufacturing

‘Pakistan has become the hub of denim,’ Mirza Ikhtiar Baig, former adviser to PM on textile

453 fake registered persons detected

DAILY JANG

Discos collected from consumers Rs.125 billion additionally

Trade dispute resolution organization inactive 12 disputes resolved during 4 years.

DAILY EXPRESS

Consumers loan increased by 3.5 times during July-January

U.B.G stressed consultation with stake holders on trade agreements

Cotton prices reduced due to selective buying.


TMA HEAD OFFICE 

DATE: February 26, 2017

DAWN NEWS

Dubai properties

LNG outlook

GSP+ failed to revitalise exports to EU in 2016

Textile exporters demand release of refunds

Sindh industrial estate awaits investors

SECP chief’s appointment challenged again in IHC

THE NEWS

Dubai ruler leads pedestrians by example

Customs to start one-window facility for exporters

Finance secretary supports SECP’s actions

Destination China

B RECORDER

TY16 e-filers to be made part of new ATL

Zahid Khokar named as member Customs FBR

Govt urged to expedite process of refunding ST KARACHI:

Bangladesh releases arrested factory workers: union

Commercial importers: FBR to withdraw audit notices

DAILY JANG

Steps will be taken to bring closer Pak-American business community Aizaz Choudhary

Chairman FBR wills response to objections raised by audit general

FBR s digital withholding tax agents direct will be online within 2 week  

DAILY EXPRESS

PTI raised objection on appointment of Dy Governor SBP

Every Pakistani citizen is under default of Rs 1 lac 15 thousand

Decision taken to declare non-filers who not filed return

High level change in FBR members custom replaced

FBR considering offer to country wide survey 


TMA HEAD OFFICE 

DATE: February 25, 2017

DAWN NEWS

PM allows gas connections to areas of influential politicians

Japan to help install face recognition systems

Lessons for Pakistan from Trump’s America

SBP imposes 100pc cash margin on some imports

Transfers, postings in FBR

ATM cash in Delhi replaced with toy notes, handler held

THE NEWS

PHC stops income, sales tax recovery on power bills

Pakistan’s debt problem

FBR to deploy digital hub for withholding tax monitoring

SBP imposes 100pc cash margin on imports

Importers exempted from audit

Cut in cost of doing business to help address trade deficit

China says no intention of using currency devaluation to its advantage

B RECORDER

GAS SUPPLY CLOSURE EVERY SUNDAY INDUSTRIAL CAPTIVE POWER

Customs Act and the hierarchy of jurisdiction

Export of securities—seeks more details for registration of non-resident investors

Lack of skilled manpower: Customs dept marking containers despite advanced scanners at ports

SBP takes big step to narrow trade deficit

SME Bank welcomes LCCI’s proposals

FBR to pursue input tax adjustment cases in high Courts

IT firm suggests tax survey

 Lasbela Chamber suggests steps to stop exports’ downward trend

Too many SEZs

Transfers, postings in FBR 

DAILY JANG

100% Cash margin imposed on cars, mobile phones and selective items.

100% Cash margin condition imposed on import of selective items.

Members Customs Nasir Mehmood transferred.

New F.B.R team formed.

DAILY EXPRESS

Trade with India 14 billion dollar deficit during 10 years.

Tax deductions of all with holding agents to be made public.

F.B.R has replaced 11 officers of I.R.S and Customs.

100% cash margin on selective items imposed

Convention of Karachi chamber on Monday.

S.M.E Bank should explain its policies Lahore Chamber


TMA HEAD OFFICE 

DATE: February 24, 2017

DAWN NEWS

Land rush around Gwadar port triggered by Chinese investment

Textile, clothing exports decline

Reserves rise by $105.3 million

“AD” Etihad Airways

City industries threaten strike over Sepa notices

THE NEWS

Loans and returns

No 1 economy

‘Four Indonesians wealthier than poorest 100m’

Pilgrims to have mammoth relief in Haj this year

Top ex-officials among four indicted in TDAP graft scam

Value-added textile exports up in July- Jan; machinery imports soar

Forex reserves rise to $21.929 billion

Govt urged to reduce tax difference on finished goods, raw materials

Government asked to resolve interprovincial energy cost differentials

Industries threaten shutdown over SEPA Notices

B RECORDER

Forex reserves up by $105 million

Ministry bent upon importing LNG to cut power generation cost

Textile exports down 1.3 percent in January

Nepal invites LCCI delegation to investment summit

Businessmen term government’s security alerts ‘terrifying’

Malaysian CG proposes visa-free regime with Pakistan

Investors’ interests must be ensured in CPEC: UBG

Industries’ shutdown if SEPA notices not withdrawn

Trade :reading between the lines

DAILY JANG

High level chines delegation visits KATI agreed on Mutual cooperation

Steps being taken to complete ongoing development projects Shahla Raza

Industries threaten shutdown over SEPA Notices

Forex reserves rise to $21.929 billion

Travel ban new executive order by Trumph administration next week

DAILY EXPRESS

TDAP Scam

Industries’ shutdown if SEPA notices not withdrawn

Forex reserves rise to $21.929 billion

Malaysian offered abolition of visa to Pakistan


TMA HEAD OFFICE 

DATE: February 23, 2017

DAWN NEWS

SECP, SBP in joint move to tackle illicit lending

Islamic banking

F.P.C.C.I “AD” On Applications are invited for 5th FPCCI Achievement Awards for 2016

SHC seeks report on slow-paced roadworks in Karachi

THE NEWS

Despite terrorism incidents, Pakistan’s economy on the rise

No one allowed to buy property abroad: SBP governor

Pak High Commission in UK says following rules in visa services outsourcing

‘Chinese firm to start collecting garbage in next 48 hours’

FBR urged to widen tax net

Importers warned of legal action

Top brands to boycott BD summit

B RECORDER

APCAA’s plea to FBR chief

Businessmen asked to diversify exports to Kenya

Naseer Akhtar made chairman of FPCCI body

Properties abroad: SBP chief makes things clear to NA body

SRB to resolve stakeholders’ issues soon: chairman

SECP, SBP vow to eradicate financial scams

DAILY JANG

Permission is not given to anyone to purchase property abroad.

Few Pakistani products can be introduced in Africa high Commissioner Kenya

Mushtaq Kazmi appointed focal person of S.R.R

DAILY EXPRESS

No one is allowed to purchase property abroad governors S.B.P

Decision to take strict steps to clean financial system from fraudlers

1st multilateral agreement introduced in WTO’s history.

Kenya expressed concern on low volume of trade with Pakistan


TMA HEAD OFFICE 

DATE: February 22, 2017

DAWN NEWS

Regulatory bodies notification suspended

Industrialists accuse FBR of harassment

Buying dollars

IMF calls for framework to streamline Islamic banking

Falling remittances to hit investment, consumption

‘NA body can’t set property prices’

Qalandar blast meant to scare away investors, says Zubair

THE NEWS

Ishtiaq Baig leaves for Morocco

LHC suspends notification placing regulatory bodies under ministries

Quaid-e-Azam Apparel Park Project

Businessmen protest misuse of Sales Tax Act

Sindh governor’s help sought against tax harassment

Indian PM urges US to keep an open mind on visas for skilled workers

FBR exempts export sectors from sales tax on fuel supply

B RECORDER

LHC rules against government control over regulatory Bodies

KCCI team, FBR chief meeting to be held soon: Zubair

GSP Plus status to remain intact by 2023: Dastgir

Exporters set to file compensation claims against Rs 50 billion ST Refunds

Nepal offers on-arrival visa to businessmen

Repatriation of funds by expats: FBR asked to come up with amnesty scheme proposal

Economic policymaking

Dar for keeping fiscal deficit within limit of four percent

Misuse of powers: Businessmen protest against FBR

APBF concerned over rising trade deficit

Wal-Mart scores solid US sales; earnings dip

Saudi Arabia sees first deflation in over a decade

Knitwear export up 0.17 percent

Fake email ID of SBP governor being used to cheat people

Number of cos registered with SECP stand at 77,473

DAILY JANG

LHC rules against government control over regulatory Bodies

FBR Rs 1849 billion tax collected during 7 months and 2 days

Important meeting will be called between traders and FBR

Federal govt is not cooperating with industrialists with regard to effluent treatment plant Manzoor Wasan 

DAILY EXPRESS

Federal tax ombudsman “AD”

LHC rules against government control over regulatory Bodies

Pakistan is on top priority in comparison to others countries with regard to business Chinese officials

Production of large scale manufacturing increased by 3.90% during July to September

Federal govt assured development fund for Karachi governor

Federal govt is not cooperating with industrialists with regard to effluent treatment plant Manzoor Wasan 


TMA HEAD OFFICE 

DATE: February 21, 2017

DAWN NEWS

SBP warns banks over US notes crisis

KP, Canada ink MoU on solar power investment

Current account deficit

SBP building capacity for ‘adverse situation’

Spell of terror attacks keeps buyers away

Nepra orders Discos to file tariff petitions

Listless trading on cotton market

“AD” Federal Tax Ombudsman

THE NEWS

‘Tevta registers 32,541 companies in one year’

Sales tax refund claims mount to Rs110bln in July-Jan

 Auditing reforms save government multibillion rupees

SBP asks banks, forex firms to accept old dollar bills

B RECORDER

Senate rejects PM’s executive order on regulatory bodies

CEPC Country faces higher risk of broadening trade deficit with China

KCCI president proposes automated system for refund claims

FED on POL items will spike its prices: FBR

K-Electric signs 25-year EPA with Oursun

Govt extending all possible support to exporters: Dastgir

Wind power projects under CPEC: PIAF lauds commercial operation in 2017

Experts calls for bio-safety measures to protest lives

Tevta registered 32,541 cos on SLMIS in one year

MoU with Canadian agency for solar-power projects in KP

Rise in FDI

SBP tells banks to accept all types of dollars

USAID project: First vegetables consignment shipped to Dubai via sea 

DAILY JANG

End of every quarter, deposit of provident fund statement within one month compulsory 

Government should refund of sales tax payment in time - Shamim Frpoo

Decision of regulatory bodies bring under the ministries is illegal Chairman Senate.

DAILY EXPRESS

Inaugurated of mobile app for railway on line ticket booking

Construction of under-pass will be started in March at Shah rah e- Faisal

Problems of exporters will be resolved in next budget.

Public Sector debts 25% increased from July to December.

Importer must submit tax return under consideration.

Line loses of electric increased after 2013-Mandiwala


TMA HEAD OFFICE 

DATE: February 20, 2017

DAWN NEWS

Consultants oppose piped gas to ‘uneconomical’ categories

India eying moon as energy source, ISRO professor tells seminar

The best and worst paid jobs

Ineffective trade policy

Consequences of neo-liberalism on taxation

Multiple effects of withholding tax

Bangladesh’s apparel exports to US decline

THE NEWS

Senator’s son booked for holding FBR team at gunpoint

The misconceptions about CPEC

Current deficit

Economy: a grim outlook

‘Citizens must know about workings of ACLC and CPLC’

Struggling To Make Right

B RECORDER

Economist spells out reasons behind rise in H1FY17 fiscal Deficit

ATIR can’t reverse relief to taxpayers without valid reasons: LHC

Dubai aims to launch hover-taxi by July

Trade balance worsens

DAILY JANG

In future it will be difficult to hide black money

DAILY EXPRESS

Preparation begins to bring 20 lac non-filers into tax net

Cotton local prices reduced by Rs 100 to Rs 150 per maund


TMA HEAD OFFICE 

DATE: February 19, 2017

DAWN NEWS

SSGC clarification

Commerce minister not expecting any change

Textile and clothing sector in an upbeat mood

THE NEWS

Capital suggestion

Rising debt

Pakistan to access citizens’ past financial details in foreign countries

Businessmen lament SRB’s notices

B RECORDER

FTA with Indonesia linked to removal of NTMs

Responsibility of fair financial accounts rests with directors: SECP

Murad urged to withdraw SEPA notices

SRB to initiate sector-specific deliberations to resolve issues

Exporting industrial sectors Power tariff may be fixed at Rs7.37/unit

FBR urged to pay STR

PPP-led govt collected Rs10.8bn EDS in 3 years

DAILY JANG

One person will be allowed along with passenger at Air Port

FBR collected Rs 1830 billion in comparison to Rs 1713 billion revenue

From 1st July European banks will be bound to disclose accounts of Pakistanis to FBR

Regional office of EOBI Shifted to Gulshan-e-Iqbal

Traders must continue business without fear DG Rangers

Cotton market textile and spinning mills purchased in precautions way cotton prices remain stable

Notices served on industries by SEPA is matter of concern Industrialist

TDAP invited applications for trade fair in Argentine up to 6th March  

DAILY EXPRESS

TADAP will take delegation to tech textile Frankfurt


TMA HEAD OFFICE 

DATE: February 18, 2017

DAWN NEWS

C/A deficit widens 90pc

Karachi tycoons decry ‘unfair’ property valuation

Proposal to hike gas tariff by 5pc to cover UFG losses

THE NEWS

SBP amends guidelines on asset freeze, travel ban

Current account deficit almost doubles to $4.716bln in July-Jan

Pakistan, HK sign accord to avoid double taxation

Unaccounted-for gas termed a major threat to SSGC’s balance sheet

B RECORDER

EMITEX BUENOS AIRES –ARGENTINA APRIL 04-06, 2017

Govt firms up: $600m loan from Chinese banks

Proscribed entities, persons: Banks, DFIs asked not to provide banking services

CA deficit surges over 90pc in 7 months

“AD” SSGCL Gas Supply Closure Every Sunday Industrial And Captive Power

Businessmen condemn suicide blast at Qalandar shrine

Increase in trade: Brazil envoy for removing communication gap

LCCI, Pak-consulate in Sydney to adopt mechanism to foster trade

Business seminar to revive sick industry of Punjab: Alauddin

FBR detects money laundering scam   

Pakistan, Hong Kong sign deal on avoidance of double taxation

DAILY JANG

1, 80,138 Tax return filed in 7 months 70 days

Pakistan Banks not capable to handle financial need of C.E.C.P.C. Zahid Hussain

F.B.R collects revenue of 1820 billion in 7 months 16 days

F.B.R initiated revolutionary steps to stop money laundering and tax evasion.

DAILY EXPRESS

F.B.R Failed in auditing of year 2014 tax payers

Made mandatory for financial Institution to provide information to F.B.R

Current Account deficit by 4 billion 72 Crore dollar

Govt advised not to sign any more F.T.A


TMA HEAD OFFICE 

DATE: February 17, 2017

DAWN NEWS

OGRA “AD” On Stakeholders Awareness Session On Unaccounted For Gas Loss Benchmark Study 

Green channel

Growth vs development

SSGC barred from charging estimated bills for faulty meters

Ministry intensifies efforts to boost exports

Dar reviews anti-money laundering measures

Reserves decline to $21.8bn

‘Education, science budget less than amount spent on Orange Line in Lahore’

Six industrial units closed by Sepa for violating environmental laws

THE NEWS

Norwegian Embassy shifted to Serena Business Complex

Six factories shut over environmental Pollution

TDAP scam hearing adjourned till March 16

Forex reserves fall to $21.824bln, lowest in 9 months

FBR wants disposal of court, audit cases to meet tax revenue target

Trade body demands end to ‘tax harassment’

Pakistan-HK forum focuses on promoting trade prospects

B RECORDER

Regulatory bodies: government move still attracts criticism

Private sector credit booming

Every public co bound to maintain functional website: SECP

Bangladeshi garment workers live in fear

Senate body irked by absence of FBR chief

Fiscal deficit

‘Ownership’ for claim of depreciation

Businesspeople’s legitimate concerns

Pakistan ahead of India in Economic Freedom Index: US think tank

Pakistan’s debt: response to finance minister

Audit suspension: Taxpayers still receiving notices despite FBR chief’s Assurance

Forex reserves suffer further erosion

DAILY JANG

USA trying to include Pakistan into travel ban

Rs 150 billion sales tax refunded to industrialist in 8 months Khurram Dastgir

Condemnable to harass industrialists by FBR KATI

Trade links between Pakistan and Indonesia should be strong Naheed Memon

More revenue collected in current fiscal year than last year Mukesh Kumar

Difficulties of Karachi traders be removed All Karachi Traders’ Alliance

Chinese investment is important for Pakistan’s economy Japanese Journal

Chairman FBR to disclose today details of money laundering

DAILY EXPRESS

Orders issued to close 6 factories on environment issues

TDAP scandal former prime mister called on 16th March

Why POL prices increased?

Sales tax refund will be made soon Khurram Dastgir presided federal textile board

Single tax collection to be introduced across the country proposal under consideration

Reserves decline to $21.8bn

One more amnesty scheme tax defaulters will be given opportunity to resolved old issue

Federation condemned new wave of terrorism 


TMA HEAD OFFICE 

DATE: February 16, 2017

DAWN NEWS

Prices of petrol, HSD increased by Re1 each

Will we be the 16th largest economy in 2050?

FDI rose 10pc in July-Jan

Non-registration of trademarks hurting business

EU Parliament backs landmark Canada trade deal

TDAP to facilitate Techtextil Frankfurt delegates

THE NEWS

Petrol, diesel prices go up by Rs1 per litre

Increase in debt burden alarming, warn experts

Chinese Textile Park to further weigh on struggling Pak exports

UK retailer Tesco enters Pakistan market

FDI rises 9.9 percent to $1.161 billion in July-Jan

Provinces’ property tax revenue doubles to Rs4.75bln in July-Dec

KCCI seeks city-wise tax revenue breakup

Self-flying taxi to transport passengers In Dubai  

B RECORDER

Federal govt officers allowed to exercise  Ombudsman’s powers

Chinese investors keen to set up industrial park, power plants in Pakistan

CPEC: No trade concessions to China: Dastgir

FBR chief prods collectors to fetch Rs300bn

FBR to set up network to intensify enforcement actions

Finalising tax-related disputes pending with ADRCs: FBR may grant one-time opportunity to taxpayers

FTB meets today to discuss PM’s package

Heads of unions invited to discuss WWF-related issues

Jul-Jan FDI up by 10pc

Korean Exim Bank VP due next week

LTUs, RTOs directed to overcome revenue shortfall

Pakistan, Indonesia holding another round of talks on PTA today

Petrol, HSD prices rise by Re 1 per litre

Preparations get under way for 14th My Karachi fair

Techtextil Frankfurt TDAP offers excellent opportunity

How do business chambers view CPEC?

DAILY JANG

Petrol and Diesel prices increased by Rs.1/- each

Rs.799 billion loan taken to fill deficit of budget Ministry Finance.

My Karachi exhibition under Karachi chamber will start from 7th April

Conditions in Karachi are in favour for investment Mohd Zubair

July to January foreign investment reached to Rs.1 billion 83 crore dollar   

Foreign Investment increased by Rs.79 billion

No Change is being made in trade policy with China Khurram Dastgir

DAILY EXPRESS

Increased continuously 3 times Petrol Diesel costly Rs.1 each

July to January foreign investment reached to Rs.1 billion 60 crore dollar   

Difficulties in appraisement east due to incompetent appointment of staff

My Karachi exhibition under Karachi chamber will start from 7th April

Strategy planned to resolve Industrial issues. Abdul Rahim


TMA HEAD OFFICE 

DATE: February 15, 2017

DAWN NEWS

Court orders FPSC to conduct CSS exam in Urdu next year

Travel checklist

Illogical TV ads

KE asked to produce accord with Shanghai Electric

Cotton price rises

SCCI urges trade promotion with Japan

Irshad appointed FBR chairman

THE NEWS

Dr Irshad made FBR Chairman, Revenue Division Secretary

Dar writes to WB chief for granting $300m loan to Pakistan

19 banks write off Rs4,653m loans, Senate told

FBR tightens noose around property Investors

Banks waived Rs4.653bln loans since March 2010

C/A deficit likely to surpass $6bln in FY17: StanChart

FPCCI to present budget proposals by next month

‘FBR must stop raids on markets’

Chinese keen to develop SEZ along CPEC route

B RECORDER

Irshad made Chairman FBR/Secretary Revenue Division

Decision on regulators termed violation of constitution

Loan write-off part, parcel of lending business: minister

Govt fails to contain fiscal deficit in 1HFY17

Rs11m given away as tips!

Readymade garments export increases by 6pc

41 sites for establishment of SEZs identified, NA body Told

LCCI urges FBR to stop conducting raids

Inking an 'economic charter'

Unjust economy

Pakistan 2050: the future is bright

CELEBRATION OF 70TH ANNIVERSARY OF PAKISTAN’S INDEPENDENCE WITH 150TH ANNIVERSARY OF CANADA OTTAWA-CANADA AUGUST 16-17, 2017

PHMA team to visit Italy 

DAILY JANG

 

Federal govt appointed Dr.Mohd Irshad as chairman FBR

3195 new companies voluntarily entered into tax net

Large scale transfer of FBR members commissioners collectors expected soon

Officers of FBR bask scale assumed charge

SECP to monitor strictly listed companies

All issues of industrialists will get resolved secretary industry assured

National tariff commission 

 

DAILY EXPRESS

 

% of profit reduced investment saving schemes reduced by Rs 28 billion

Wrong statement tussel reached at peak in subordinate departments of FBR

IRS officers protest govt surrendered


TMA HEAD OFFICE 

DATE: February 14, 2017

DAWN NEWS

AJK president woos Karachi businesses

Diplomats stress trade promotion

Saeed reappointed deputy governor of SBP

Crackdown on fake cotton helps revive Egypt crop

THE NEWS

 

No toilet, no marriage: Indian Imams

State Bank may increase interest rate 50-75bps in second half: Credit Suisse

Pakistan sees end to routine power outages by year’s end

‘Govt cuts industrial load shedding to zero’

TUSDEC gets new chief

K-Electric falicitates customers

 

B RECORDER

 

Customs values of 13 imported chemicals revised

 

Factors such as China slowdown, sour ties with India behind export slide

 

Five regulatory bodies placed under MoIPC control

 

Last Collectors’ moot keeps mum on rebate/ duty drawback issue

 

Optimistic view of Pakistan’s economy

 

4th edition of Pakistan-Canada Trade Expo 2017 Toronto-Canada July 27-30-2017

 

DAILY JANG

 

Trade will be promoted by joint efforts of business community of Pakistan and Bahrain.

Industrial units be established by Karachi Business Community in Azad Kashmir. Sardar Masood

Black money worth Rs.17 billion converted into white money through property amnesty scheme

K-Electric falicitates customers

9,89,723 Tax returns deposited with F.B.R

Junaid Ahmed appointed Senior Vice Chairman  stranding committee on law and order.

F.B.R received 22% more return in F.B.R in 7  1/2 months of current fiscal year

F.B.R replaced  11 officer of basic  pay scale 19

DAILY EXPRESS

Tax target of Rs.4200 billion likely to be fixed for next Facial year

Inland revenue service officers observed strike on Monday also.

Kashmir issue has to be solved for trade. Masood Khan

Rulers are hiding economic realities Salim Mandvieala


TMA HEAD OFFICE 

DATE: February 13, 2017

DAWN NEWS

Transfer of regulators to IPC division under study

Dar sees 7pc growth rate in 2018-19 fiscal

Trade and remittances

Alternative Dispute Resolution Bill

Protectionism and fair trade

THE NEWS

Govt not to let economy derail: Dar

B RECORDER

Khurram appointed FPCCI body chief

Circular debt

PM has delivered best business pitch?

Director of company: SECP empowered to grant exemption from requirement of holding NTN

Advance payments from public for projects: Builders bound to take approval from SECP

Pakistan tapped world capital market four times: Dar

Kassim Parekh: Repository of trust 

DAILY JANG

Govt not to let economy derail: Dar

Wall street journal report on country’s economy

DAILY EXPRESS

FBR strategy not practicable affiliated departments declared

Progress is not possible without making economy documented Dr. Irshad

In TEX World apparel sourcing show Pakistani companies welcomed


TMA HEAD OFFICE 

DATE: February 12, 2017

DAWN NEWS

Money laundering software

Govt borrowing stimulates economy

Sialkot sports industry seeks incentives

37 special zones to boost production

Stakeholders’ budget proposals will be considered: Dar

THE NEWS

‘FPCCI apprehensions on CPEC unfounded’

Indian exporters back out from cotton deals on price dispute

FBR urged to revise industrial plots Valuation

Dar asks officials to complete budget document on time

Roadmap for tax reforms

In the name of climate change

On labour safety

Businessmen call for improved trade links with Azerbaijan

B RECORDER

Budget likely by end of May

Towel export down by 8pc

DAILY JANG

SMA Rizvi Textile institute “AD” on “Short Courses”

DAILY EXPRESS

All constructive suggestions will be considered in budget preparation Ishaq Dar

Clash of interest

Special wing setup for onsite inspection of companies

Steps will be under taken for facilitation of infrastructure

SECP served notices on 94 companies on irregularities

Ministry of commerce called accounts from TDAP of EDF

Pakistan declared better than India for investors

In TEX World apparel sourcing show Pakistani companies welcomed


TMA HEAD OFFICE 

DATE: February 11, 2017

DAWN NEWS

Data centre to tackle money laundering, terror financing

Financing burden of CPEC

Remittances slipped to $10.9 billion in seven months

Charter of economy needed for policy consistency: Haroon

Strike at FBR field offices

Indian cotton exporters default as prices rally

‘World’s heaviest woman’ to fly to India for surgery

Don’t cook or watch TV, Australians advised amid record heatwave

P.I.A. “AD” EVERY 3 HOURS PIA IS READY TO FLY YOU BETWEEN KARACHI AND ISLAMABAD

THE NEWS

Govt announces drawback package for exporters

UAE yet to furnish details of Pakistan-origin property investors

FBR postpones non-filers audit for 30 days

Remittances fall to $10.946bln in seven months

SBP data centre to tackle money laundering, terror financing

FBR officials protest govt decision on revenue secy

BoI committed to revive foreign investors confidence: official

Trade deficit widens to $2.957bln in Jan

Zero-rating facility may be withdrawn

B RECORDER

FBR suspends audit of taxpayers for 30 days

Sindh MPs asked to amend Sindh Tenancy Act 1950

Govt wants to ink economic charter with Opposition Haroon

Relevance of TDAP

Money laundering, terror funding SBP sets up high-tech data centre to tackle menace

Exporters to benefit from duty drawback package anytime soon Dastgir

Bed-wear export surges by five percent in six months

IRS officers observe pen-down strike

DAILY JANG

Modern high tech center established to stop money laundering for facilitating  terrorists.

Pakistan is the most suitable for investment

DAILY EXPRESS

Export Package complications put exporters in fix

Exchange of Banks Accounts information will be with 105 countries


TMA HEAD OFFICE 

DATE: February 10, 2017

DAWN NEWS

Ministry sticks to demand for probe into KE overbilling

PM motivates visiting CEOs to invest in special zones

Trade deficit widens 29pc

Reserves fall

CDNS profit-collection system draws mixed response

THE NEWS

Forget India, profit from ‘quiet rise’ of Pakistan, S Lanka, BD: Barron’s Asia

India ranks 43 out of 45 countries in USCC intellectual property index

What causes decline in growth of GST collection?

FBR seeks State Bank’s help in getting accountholders data

Forex reserves fall

Growth still exclusively benefitting rich against poor

Azerbaijan keen to collaborate with Pakistan

Growth rate to be 8pc by 2025: Nawaz

B RECORDER

Cash withdrawals: NFIS Council suggests WHT adjustment by BB agents

Prime Minister makes big CPEC-aided business pitch

Pakistan, Netherlands discuss trade, investment

Forex reserves fall by over $1.2 billion in two weeks

Need for chartered tax institute

FPCCI body on Customs: Arshad Jamal made chairman

FTB to discuss PM’s export incentive package today

July-January trade deficit soars to $17.43 billion

PIAF expresses concern over rising external debt

Travel to US down 6.5% after Trump travel ban: report

DAILY JANG

Role of EPZ in enhancing country’s exports is important Khizir Gondal

Forex reserves fall

Mutual trade is possible in various sectors Indonesian envoy

Forget India, profit from ‘quiet rise’ of Pakistan, S Lanka, BD: Barron’s Asia

DAILY EXPRESS

July to January Pakistan suffered trade deficit of 17.5 billion in 41 billion dollar trade

Forex reserves fall


TMA HEAD OFFICE 

DATE: February 09, 2017

DAWN NEWS

Pakistan, Sri Lanka urge end to Saarc stalemate

A great leap backward

Broker’s flight

NA questions the economy

Ogra slashes LPG price by 30pc on LHC orders

Pakistan could become 16th largest economy by 2050: PwC

Rs180bn export package notified

Nepra accuses ministry of ‘sowing discord’

THE NEWS

Pakistan to be 20th biggest economy in 2030, 16th in 2050: PwC

Nepra, ministry at odds over Rs62b burden on KE consumers

Saving certificates’ rates revised up

FBR, businessmen to discuss refund issues, tax proposals

SECP registers 766 companies in January

FBR suspends two Customs officials

India to remove cash withdrawal limits

B RECORDER

FBR told to make proposals for greater transparency

Big export decline

Haroon Akhtar to visit Karachi today

SECP registers 766 complaints in January

Date extended

Collectors asked to take steps to increase ST, WHT collection

Great scope for better trade with Switzerland: CG

DAILY JANG

Strict conditions for seeking U.S Visa

Haroon Akhtar will hold meeting with Pakistan Business council office bearers today.

Proposals for federal budget called upto March.

DAILY EXPRESS

Decision to form policy to rescue textile exports

Police should perform duty honestly keeping set aside problems


TMA HEAD OFFICE 

DATE: February 08, 2017

DAWN NEWS

No plan for travel ban on Pakistanis: US

Moral fabric

Asad accuses SBP of money laundering; central bank rejects charge

BoI sets up CPEC-SEZ cell

THE NEWS

China to become No1 economy by 2050: PwC

Dubai welcomed record 14.9m visitors in 2016

Pak economy one of world’s pleasant surprises: Bloomberg

‘Police can’t be run under oppressive British law anymore’

Salaried class auditing termed antithesis to broaden tax base

Punjab taking steps for targeted industrial growth

Questions raised over nature of SITE warehouse fire

B RECORDER

Questions raised over growing Chinese ”ingress”

Seminar on business opportunities & expo from April 12

New bill introduces inactive company concept

FBR plans to give some incentives to filers

PYMA demands relief package for godown fire victims

US trade deficit falls as exports hit more than 1-1/2 years high

Dubai welcomed record 14.9 million visitors in 2016

China Jan FX reserves fall below $3 trillion for first time in nearly 6 years

Duty structure for steel sector: FCCI urges government to implement CCP’s recommendations

The export challenge

Stock market: A bumpy ride ahead?

Government accused of devouring 90 percent liquidity of banks

SBP rejects money laundering allegations

Those involved in police killings still in institutions, A D Khwaja

War on cash

Foreign firms keen to promote TVET system: Irfan Qaiser

DAILY JANG

Pak economy one of world’s pleasant surprises: Bloomberg

Asad accuses SBP of money laundering; central bank rejects charge

In new federal budget special package will be given for industrial development

FBR received record 9,81,000 returns during 222 days

UAE announced new visa regime for professionals

Further trade ties needed between Pakistan and Romania Tariq Fatemi

Alamgir Feroze appointed Chairman of diplomatic affairs committee 

FTA between Pakistan and Nepal be competed soon Ishtiq Baig  

DAILY EXPRESS

Goods worth lac of rupees gutted in fir in two factories of NEW Karachi

Tax evasion of Rs 28.7 crore detected in import clearance 


TMA HEAD OFFICE 

DATE: February 07, 2017

DAWN NEWS

US visa regime doesn’t bode well for airlines

Debating debt

Long-term outlook stable for Pakistan: Fitch

‘Black money in property market risks creating a bubble’

National Assembly clears Companies Bill

Mayor urges businessmen to join hands for Karachi’s uplift

THE NEWS

Fitch affirms Pakistan’s prosperity, stable outlook

FBR may face Rs300 bn shortfall in revenue collection

Mayor calls business community to city’s rescue

NA approves Companies Bill 2017

‘GSP to remain intact till 2023’

Unfair, deceptive practices hurting  business growth

NA body to help remove property tables’ errors

Zero-rated sales tax facility suspended

Zubair welcomed as Sindh governor

B RECORDER

As it happened: National Assembly passes Companies Bill 

Country faces trade deficit of $11.751bn

Falling reserves

Govt urged to revisit monetary policy

India leaves Pakistan far behind in telecom sector: experts

New Sindh governor lends a helping hand to

Pakistani textiles made a mark in Texworld 2017 in Paris

Sipri report explains why India fears CPEC

DAILY JANG

Disappointing collection F.B.R faces short fall of Rs.300 billion.

Cash transaction in Pakistan increased to avoid tax.

Govt will resolve issues of textile processing units on priority.

4 Assistant commissioners of F.B.R replaced.

Companies having capital of Rs.30 lac will be exempted from filing of returns.

Pakistan’s relaxation after 8 months import of cotton via wagha border restored.

DAILY EXPRESS

Business community should fight case of Karachi in influential circle waseem Akhter

Proposal under consideration to form separate department for custom clearance of imported goods of C.E.P.E.C

Pakistan’s relaxation after 8 months import of cotton via wagha border restored.

Industrial connection given under govt letter S.S.G.C.L explained.


TMA HEAD OFFICE 

DATE: February 06, 2017

DAWN NEWS

US court refuses to stay suspension of Trump’s travel ban

Pakistan's net public debt crosses Rs18 trillion mark

Banks for all

Visa holders rush to board flights to US amid reprieve

Country debt growth

Indian citizens may get billions of free money

Trade war poses no major threat to China

THE NEWS

US court rejects govt appeal to restore travel ban

World’s longest flight set to soar into record books

Out of court

Safety Nets

B RECORDER

Pasha disputes Dar’s claim

‘The debt debate’

KMC will start property survey to streamline tax recovery: Waseem

‘TDAP should increase exports to repay loans’

‘Skipping breakfast may be bad for your heart’

“AD” PAK-CHINA BUSINESS FORUM 2017

DAILY JANG

State bank report on country economy

DAILY EXPRESS

Rules framed to stop tax evasion and transfer of black money abroad

Pvt Banks deducting withholding tax on its own pattern

Mayor Karachi to visit FPCCI today

SSGCL provided illegal gas connection detected 


TMA HEAD OFFICE 

DATE: February 05, 2017

DAWN NEWS

Work ethics

Financing for fixed investment swells

FBR plans to upgrade data network

ITC chief calls for bringing e-commerce under WTO rules

Pakistan urged to sign APTA

Murad demands right for provinces to collect sales tax

THE NEWS

FBR gears up to check tax evasion in Benami transactions

‘Economic turnaround to attract US investment’

Aptma demands lower power rates

B RECORDER

Monthly securities registrar fee of NSB: Provincial taxes applicable on payment, CDNS seeks clarification

Electricity import from Iran enhanced to 104MW

ILO to work closely with EFP

Zubair will be better governor: Haleem

CPNE team meets Sindh CM: Provincial govt should have rights to collect ST on goods: Murad

Industrialists call for speedy rehabilitation of national Highway

DAILY JANG

Cotton Market

DAILY EXPRESS

My doors are open I will take all on board Zubair Muhammad

SRB also levied sales tax on 10 years saving bond


TMA HEAD OFFICE 

DATE: February 04, 2017

DAWN NEWS

A US travel ban on Pakistan to be counterproductive: minister

Water scarcity

Cotton crop recovers to 10.6m bales

Tariq Bajwa appointed secretary finance

Banks charge up to 29pc interest rate, NA told

THE NEWS

Pakistan is cooperating: White House

UAE gets snowfall

US visa ban will be counterproductive, says Ahsan

Changing trade patterns render TDAP irrelevant: FPCCI body chief

“AD” of South African High Commission Islamabad

Tariq Bajwa made finance secretary

Customs proposes special facilities for clearing CPEC cargoes

CPEC to benefit Pakistan in both short- and long-term

Investors’ interest in Pakistan at fever pitch: BoI

FPCCI seeks incentives for exportoriented sectors

Customs agents allowed to file returns sans fine

B RECORDER

Chinese companies eye more land, businesses

GST, petroleum levy on kerosene oil, LDO abolished

APTMA felicitates Sindh governor

Alternate Dispute Resolution Bill adopted by NA

TDAP has lost its relevance: FPCCI

PRGMEA for effective role of trade officers in boosting exports

New US visa policy

GAS SUPPLY CLOSURE EVERY SUNDAY INDUSTRIAL AND CAPTIVE POWER

DAILY JANG

Pakistan has sent F.T.A draft to Iran

During 191 Days record 9,71000/- tax returns filed in F.B.R

F.P.C.C.I arranged round table session

DAILY EXPRESS

Each Industrial unit is bound to install Its own treatment plant chief minister

LPG price increased by Rs.5 per Kg.


TMA HEAD OFFICE 

DATE: February 03, 2017

DAWN NEWS

Plea for scrapping tax on POL products

Three advisers, eight special assistants to Sindh CM resign

Finance minister’s debt defence

Rise of xenophobia

Trump’s actions

CPEC’s opportunities

Forex reserves declining since June

FBR, PRA finalise parameters for tax adjustment claims

FBR sets up bodies to implement tax reforms

THE NEWS

WB report reveals nepotism in public sector loans between 1996-2002

Can trade prevent war?

Picture of Pakistan

Sindh govt de-notifies three advisers, eight special-assistants to Sindh CM

Pakistan walks a tightrope on Trump visa policy

Travel ban on Pakistanis not under consideration: US Embassy

Tax authorities begin probe into sources of individual remittances

Punjab revenue dept to receive Rs5bln from FBR

PM says improving compliance to increase share in global trade

Forex reserves fall to $22.434bln

PBC stresses continuation of concessionary exports to UK

Favouring foreign products leads to local joblessness

Emirates Launching Special Offers for trip to Dubai

‘Alienated’ victims cry foul as German contractor completes Payments

B RECORDER

FO gives cautious response to new US visa policy

Travel ban on Pakistanis not under study: US embassy

Relocation of industries: FBR to discourage fiscal incentives under new policy

Dar asks FBR to meet tax revenue target

Three advisors, eight special assistants to Sindh CM removed

TEVTA starts free of cost short courses

OICCI members contribute Rs2.8bn in Pakistan

Navy War College team visits FPCCI office

Transfers, postings in FBR

Windy tariff

The debt debate

‘A tale of two packages’

FPCCI chief hails Zubair’s appointment

Forex reserves down by $811m in 1 week on debt payment

Establishment of infrastructure finance bank proposed

Property tax an illogical outcome

DAILY JANG

Travel ban on Pakistanis not under consideration: US Embassy

Suggestions to improve in companies bill from parliamentary committee will be welcomed Isha  Dar

Optimistic with governor Sindh to resolve traders issues Zubir Tufail

Karachi industrialists are fed-up with center not from govt of Sindh Manzoor Wasan

10 branches of NBP Karachi collect motor vehicles tax

People paying tax of Rs 50,000/- will be eligible to get arm license amended bill approved in Sindh assembly

TDAP corruptions case   

DAILY EXPRESS

Travel ban on Pakistanis not under consideration: US Embassy

Increased rate of profit in savings scheme is eye wash

Exports are in fix on textile package complicated conditions

Strict vigilance in development work in industrial area

Forex reserves fall to $22.434bln


TMA HEAD OFFICE 

DATE: February 02, 2017

DAWN NEWS

Expats away for over six months won’t be counted in census

PML-N MNAs term govt ‘anti-agriculture’

Explainer: How will the Trump ban affect Pakistanis?

IBP “AD” On Monetary Policy Challenges And Formulation Process In Pakistan

World Bank report

Visa restriction index

Nepra overturns decision that K-Electric inflated bills

Pakistan to become Asia’s premier trade, energy corridor: PM

NSS profit rates increased

Pakistan must focus on broadening export base

India boosts defence spending, halves basic income tax rate

Labour bodies demand union rights for workers

KMC closes six graveyards

THE NEWS

Pakistan on road to democracy, stability, says US paper

No electricity loadshedding by October: power secy

NA passes bill against ‘benami’ transactionss

Trump’s order to affect 12pc of world Muslims: report

Pakistan gives priority to domestic investors as it resumes privatization drive

‘Pakistan facing many climate change effects’

Pakistan implements 10 conditions to get $300m WB loan

External debt, liabilities go up to $74.6 billion

US universities strongly oppose Muslim visa ban

FBR seeks onlinevehicle registration data to increase tax filers

SECP amends small dispute resolution committees rules

Govt’s efforts to enhance tax base termed a step in right direction

Climate change taking toll on Pakistan, minister says

Govt urged to facilitate labourers in unionising

B RECORDER

Alamgir Firoz made chief of FPCCI body on diplomatic affairs

APBF urges govt to take steps to increase FDI

Business community hails Zubair’s appointment as Sindh governor

Chinese businessmen looking for warehouses in Lahore

Fiscal Policy Statement

Govt responds to ‘Misguiding the people’

I am proud of being a Karachiite, says Zubair

Property deals: top FBR officials irked by low collection

Rice sector: 'Import of machinery to be declared zero rated in budget'

Showing increased collection: FBR seeks notice of incident

Stuck with ‘old’ dollars

WB official advises govt to focus on increasing export

DAILY JANG

% of profit on national savings scheme increased.

Businessman given bill of Rs.92 lac against keeping police guard.

Tax amnesty scheme likely to be announced by 20th February.

Saudi Arab forex reserves decreased by 80 billion dollar.

Proposal for budget will be sent by 28th February Zubair Tufail

New rate of petrol inflation will increase more.

DAILY EXPRESS

Profit on national saving schemes increased by 20 points

Explanation called on low collection of tax from amnesty scheme

P.O.L Prices increased once again

Business community demands equal incentives given to Chinese investors

Indian budget announced income tax rate @ 5%


TMA HEAD OFFICE 

DATE: February 01, 2017

DAWN NEWS

Litre price of petrol, diesel up by Rs2.25

CNIC renewal

Debt fears overblown, says Dar

Infrastructure finance policy approved

Sindh, Punjab still at odds over IDC collection

India says cash ban hits growth

OICCI poll results announced

THE NEWS

Punjab, Sindh move against online taxi services

‘Improving coordination a must to boost exports’

Commerce minister says geographical indication bill to be passed soon

Policy approved toattract investments for infrastructure uplift

India says cash ban hits economic Growth

Traders need to remove inefficiencies to exploit exports package

FPCCI stresses new industry, latest Technology

Show-cause notices issued to industries secretary, additional health secretary

B RECORDER

Petrol, HSD prices increased

Q1: External debt rises by $1bn

Indo-Pak trade plummets by Rs37bn

Certain key tax reform initiatives being considered by FBR

Govt urged to reorganize taxation system

Need stressed to enhance Pakistan-Denmark trade volume

Customs values of Ethyl, Methyl and Sec Butyl Acetate revised

A tale of two packages

God’s not-too-little Acre

CNG sector should deposit GIDC into exchequer: Khaqan

DAILY JANG

Litre price of petrol, diesel up by Rs2.25

Infrastructure finance policy approved

KATI welcome Mohd Zubair appointment as governor Sindh

Khalid Mansoor appointed overseas investors president

Saudi Cabinet approved levy of tax on citizens

DAILY EXPRESS

Litre price of petrol, diesel up by Rs2.25

ECC approved infrastructure finance policy 2017

Proposal to forfeit assets on hiding wealth abroad

Khalid Mansoor appointed overseas investors president

Industrialists welcomed appointment of Mohd- Zubair as governor Sindh

Indian economy suffered heavily due to demonization of big notes