News Clipping - Archives July 2016


TMA HEAD OFFICE 

DATE: 2016 July 30

DAWN NEWS

FBR, realtors clinch property valuation deal

IPO now under commerce ministry

FBR: Pakistani browser

SBP leaves interest rate unchanged at 5.75pc

No change in petroleum prices for August

‘Monetary policy headed in right direction’

THE NEWS

SBP keeps policy rate on hold at 5.75pc

Two to 10 times hike in property valuation rate

Rs12,500 bn black money to be whitened

Central bank keeps policy rate on hold at 5.75pc

FBR orders audit of tax exempted industrial units

Reshuffles 208 IRS officers

KCA slams duty, taxes on cotton import

B RECORDER

SBP keeps policy rate unchanged at 5.75 percent citing inflation fears

Package for realty sector unveiled: current valuation valid till June 30, 2017

HIGHLIGHTS

Candidates finalised for upcoming KCCI Elections

APTMA Punjab not appeased by zerorated Regime

PIAF for revival of sick industrial units

APCAA lauds Customs dept for removing container backlog

APTMA Punjab not appeased by zerorated Regime

Budget formulation should reflect strong appreciation of economy: FCCI

SBP's decision lauded

KCA concerned over levy of CD, ST on import of cotton

Petroleum products'' prices to stay unchanged: Dar

DAILY JANG

FBR 120 billion dollar black money will be converted into white money on property business

5.75% interstate rate continued 

DAILY EXPRESS

TMA HEAD OFFICE 

DATE: 2016 July 30

DAWN NEWS

Aptma slams hike in cotton import duty

‘India facilitating trade process’

Ogra proposes up to 9pc increase in petroleum prices

Dollar’s rise stings SBP

.THE NEWS

Govt blocks, unblocks URLs containing written off bank loans info

Power consumers paying four taxes, three surcharges

Govt, property tycoons narrow down Differences

Property valuations

Foreign firms repatriate $1.9bln in profits in 2015/16

Textile millers announce to observe black day

Aptma perturbed over raise in duty on raw cotton

Chinese textile firms keen to setup JVs

Trusted growth tools missing in Pakistan

B RECORDER

Package under Presidential Ordinance likely: FBR and realty sector finally finalise deal

Ogra recommends raise in oil prices

Visa regime liberalised under PM's vision: Indian deputy HC

Value added textile sector: PHMA demands additional duty drawback

APTMA to observe 'black day' to highlight industry's woes

APTMA concerned over increase in duty on cotton import

MPS today: economists give divergent views on policy rate cut

SNGPL, SSGCL seek increase in gas Prices

DAILY JANG

Differences with regard to property fair price reduced likely to be resolved today

Small traders condems rejection of nomination paper of chamber election

Govt should abolish all taxes and duties on cotton import

DAILY EXPRESS

Dialogue with regard to property valuation going to be successful

2% penalty will be imposed on companies if do not provide cars within 2 months

Indian should purchase from Pakistan to maintain balance Lahore Chamber

Spinning sector demands abolishition of custom

Clearance of import consignment restored at PICT

KATI congratulates Murad Ali Shah on appointment of Chief Minister   


TMA HEAD OFFICE 

DATE: 2016 July 29

DAWN NEWS

FBR, realtors unable to agree on property prices in three major cities

Distribution companies asked to refund Rs2.8 per unit to Consumers

Property valuations

Online passport renewal

State Bank suspends euro transactions through ACU

Reserves slip below $23bn

National IP strategy to be developed: Dastgir

With an eye on China, India building new ports 

.THE NEWS

Talks on property valuation make no Headway

The unbundling

FBR awaits govt go-ahead on blocking non-filers’ CNICs

Pakistan, Turkey hold 3rd round of talks on FTA

Commerce ministry asked to make Exim bank functional

Forex reserves fallto $22.996 billion

FPCCI vows to support women Entrepreneurs

Industrial sector to grow 7.7pc in 2016/17

B RECORDER

FBR and realty sector yet to reach consensus: further talks today

Monetary policy: A little too easing?

Further cut in policy interest rate sought

Minister directs IPO to develop national IP Strategy

SBP suspends operations of ''ACU Euro''

Senate body expresses displeasure over CDA's performance

DAILY JANG

Difference on property fair price for 3 cities

NEPRA announced reduction in electric tariff by Rs 2.80 per unit

Forex reserves fallto $22.996 billion

DAILY EXPRESS

POL prices to be remain constant in August

Property valuation could not be finalized zonal committees formed

FBR not stopped refund members in land revenue

Forex reserves fallto $22.996 billion

20 billion dollars pouring in through illegal channels


TMA HEAD OFFICE 

DATE: 2016 July 28

DAWN NEWS

Oil industry seeks end to ‘double taxation’

SBP plans flexible inflation framework

Falling exports worry tanners

Monetary policy on 30th

Real estate prices up by 70pc from ‘DC-approved rate’

.THE NEWS

FBR, dealers may reach consensus Today

Govt agrees on amnesty scheme to regularise property investment

PHC stops Customs Dept from recovering cess from KP industrial units

Monetary policy on July 30

Lahore chamber criticises DTRE for Exporters

B RECORDER

Companies declaring gross loss shall now be obliged to pay minimum tax

Builders or land developers: incomes to be subject to final taxation on specified rates

KCCI election: new group files nomination papers

FBR explains rationalisation, extension of super tax

FBR explains documentation requirements for transfer pricing

Increasing values of immovable properties by 50 percent: FBR, realty sector may develop consensus

Unbranded garments Importers fear new valuation ruling may promote smuggling

Leather export decline: PTA chief urges minister to make prompt decisions

Packing material: DTRE must not be allowed to exporters: LCCI

DAILY JANG

Proposal of fair price of property rate submitted to govt

Govt agreed to bring amnesty scheme for regularizing investment in property 

Govt is having more problems than resources SM Muneer

Monetary policy will be announced 30th July

Textile exports and import of raw cotton

DAILY EXPRESS

Institutions should work closely for inclusion in 25 countries economy

Governor state bank will announce new monetary policy on Saturday

Business community should pay taxes president


TMA HEAD OFFICE 

DATE: 2016 July 27

DAWN NEWS

Gas allocations

Portugal envoy for more trade

KTBA for early issuance of certificates

Dollar soars past Rs106 in open market

Cotton prices bounce on strong buying

.THE NEWS

Access to stashed money in Swiss banks gets easier: Dar

FBR asks sales taxpayers to submit trade details

Non-issuance of exemption certificates criticized

Mixed data leaves analysts divided on rate call

Planning needed to enhance cotton Output

B RECORDER

DG Valuation says all rulings timely uploaded on WeBOC

Pakistan enjoyed $2 billion trade surplus with US: Hale

Jurisdictional changes: Karachi RTOs refuse issuing exemption certificates

India parliament passes controversial child labour law

FPCCI elections UBG to announce candidates in October

Export controls: Pakistan's measures globally recognized

Multan traders seek measures against counter-productive FTAs

Stock market, growth and corporate Governance

Sharifs 'handpicked' 23 federal secretaries from Punjab, Senate told

DAILY JANG

USA is the biggest market of Pakistani Exports David Hale

Attention should be given to improve overall infrastructure of Karachi

There are no differences on nomination of presidential candidate in the group

Hundreds of officials from IR transferred to new CRTO in Karachi and Lahore

FBR has completed home work with regard to meeting with real estate development on Thursday 

DAILY EXPRESS

FBR has fixed jurisdiction and power of RTO Karachi Chief Commissioner 


TMA HEAD OFFICE 

DATE: 2016 July 26

DAWN NEWS

Real estate: boom or bust?

Skilling labour

Three provinces challenge gas distribution formula, allege it favours Punjab

‘Foreign investors now less concerned about security’

.THE NEWS

Provinces seek control over gas production, transmission

Rs8m per night for a room in world’s most expensive hotel

Foreign investors pose trust on improved security

FBR plans crackdown against benami Transactions

SECP imposes supervisory fee

Hassan Mansha appointed Brazilian honorary consul general

B RECORDER

Concerns over real estate taxation

PBIF chief says some FTAs proved Counterproductive

Customs valuations of dozens of imported items revised

Written-off loans SBP clarifies reports

FBR: transfers, postings

SECP imposes supervisory fee on listed Firms

Rise in FDI

OICCI praises improved security climate

SBI chairperson takes up trade issues with UK deputy HC

DAILY JANG

Chinese industrialists will invest Rs 20 billion investment in industrial park at 200 acre at Chunnian

SECP imposed monitor fee of listed companies on Pakistan exchange ltd

Differences amongst ruling groups of FPCCI on nomination of presidential candidate

Traders sit in programme till appointment of new chief minister differed   

Law on property taxation is a historical decision Manzar Alam

FBR collectors custom and chief FBR appointed in custom appellate tribunal at Karachi, Islamabad

DAILY EXPRESS

Formula of distribution of gas in the country is likely to be revised

Improvement in FBR continues Chairman

Businessmen panel expressed concern on declining exports


TMA HEAD OFFICE 

DATE: 2016 July 25

DAWN NEWS

.THE NEWS

Provinces to have own gas distribution companies

B RECORDER

SBP issues Exchange Companies Manual 2016

Calling for a National Export Strategy

Business community concerned over proposed 'FTA-II' with China

To achieve success in any reform efforts the most important pre-requisite is 'FBR buy in' - Masoud Naqvi

DAILY JANG

Property prices reduced by 30% in Karachi, Lahore and Islamabad to FBR action

European Union is no more one

Lack of investment in textile sector 

DAILY EXPRESS

Centralized system to be introduced to monitor tax cases

There is no news to close Pak-India trade federal commerce minister

FPCCI for early completion of CEPACK


TMA HEAD OFFICE 

DATE: 2016 July 24

DAWN NEWS

Dar chairs meeting at SBP

FTA with Pakistan a priority: UK envoy

FPCCI seeks tax amnesty for all sectors

.THE NEWS

Our trading experience

Cash, crime and large denominations

Finance Ministry contradicts news Item

Socially-compliant textile units cheer spark in productivity

UK envoy says FTA with Pakistan on Priority

Dar says continued economic reforms to boost growth

FBR asks officials to ensure collection on revised rates

The real estate problem

B RECORDER

Nepra likely to approve Rs 2.35 per unit Refund

Textile exports fall by 7.42 percent in fiscal year 2016

Pak envoy to Netherlands extends full support to KCCI members

Draft of Companies Bill – 2016

Banks waived off Rs 280 billion loans: MoF informs Senate

DAILY JANG

NEPRA decided to reduced Rs 2.33 per unit in the head of fuel adjustment charges

DAILY EXPRESS

Commercial bank has written of loan and not the govt finance minister spokesman

Builders and developers opposed amnesty scheme

1st priority free trade agreement with Pakistan UK envoy

Meeting in state bank under the chairmanship of finance minster  

Value added sector demands clarification of notification zero rating

9 Pakistani firms to participate in INTERTEX Shanghai Exhibition 


TMA HEAD OFFICE 

DATE: 2016 July 23

DAWN NEWS

A doctor’s duty

Govt reneges on promise to end SRO culture

Textile, clothing exports down 7pc

Pakistan for boosting trade with Sri Lanka

US consulate issued 14,000 visas this year

.THE NEWS

Traders, ex-army officers, financial bodies got Rs430.975 bn loans written off in 30 years

FPCCI proposes tax amnesty for real estate sector

Textile sector demands zero-rated ST

Government determined to document real estate industry

Pakistan keen to expand trade ties with Sri Lanka

Trade plan to improve economic ties with Netherlands: envoy

Media persons briefed on US visa Operations

B RECORDER

Tax returns, WHT statements: FBR proposes mandatory e-filing

Motiwala, Bilwani question FBR chief's 'controversial' remarks

Average $63,000 versus $51,000 a year: Pakistanis earn 24 percent more in US than rest of Americans do?

Pak envoy to Netherlands extends full support to KCCI members

Sindh government: Rangers stalemate hurting businesses: PBIF

ST added to electricity charges prior to working out income tax

RTOs renamed

DAILY JANG

FBR has changed the name of regional tax office of Karachi and Lahore

Sit in will be staged at chef ministers house if powers are not restored traders gave 24 hour ultimatum to Sindh govt

20% issuance of visa increased to Pakistans US envoy

FBR has obtained from all over country fair rate of property

Karachi Lahore tax office re-named

DAILY EXPRESS

During last 3 years hundreds of companies and individuals got waived of loan worth billions of rupees

During fiscal year 2016-16 export of edibles dropped by 13% while textile exports decreased by 7%

Suggestions called from Karachi chamber to increase exports to Holland


TMA HEAD OFFICE 

DATE: 2016 July 22

DAWN NEWS

Realty stakeholders, FBR to prepare new valuation formula for 18 cities

Textile mills want duty-free cotton imports

Reserves up

KPCCI demands end to IDC in Sindh

Senate clears SECP Bill 2016

Luxury car tax in Punjab may cause revenue Loss

.THE NEWS

Pakistan Stock Exchange declared Asia’s best market

Govt, property tycoons agree on jacking up DC rates

Forex reserves slightly up

Senate approves SECP (Amendment) Bill, 2016

Govt runs short of indirect tax Avenues

FBR seeks transaction details from Banks

Current account deficit narrows to $2.525 billion in 2015/16

FTA with Thailand likely by year-end

FPCCI appreciates Chinese role in socioeconomic development

Aptma favours duty on yarn imports

Apparel makers lament shortage of Yarn

TDAP case hearing adjourned till Aug 25 as state attorney fails to show up

B RECORDER

FBR, realty sector nearing resolution

Forex reserves hit record $23.09 billion Level

Real estate sector's concerns

Opportunity to restore Pakistan's lead in group taxation – II

Aptma chief defends RD on cotton yarn

Hydrogen peroxide: PCDMA for withdrawal of anti-dumping duty

Annual elections of PYMA to be held on September 5

CA deficit down seven percent in fiscal year 2016

DAILY JANG

Amnesty scheme likely to be introduced to regularize property transaction

Forex reserves increased by 23 billion 9 crore 14 lac dollar 

Pak Indonesia trade 1st time achieved the target of 2 billion dollar 

DAILY EXPRESS

Pakistan handed over draft of FTA to Iran

Reserves up

During fiscal year 2015-2016 Chinese investment increased by 21% while USA has withdrawn 6.5 crore dollar 


TMA HEAD OFFICE 

DATE: 2016 July 21

DAWN NEWS

FBR, realty stakeholders agree on valuation Formula

Real estate bubble

Tax credits to packaging industry

FBR begins online sales tax collection

Large-scale manufacturing expands 3.5pc

Higher Chinese inflows boost FDI by 39pc

Draft Companies Bill 2016 up for legislation

Call for water chlorination as Naegleria threat Looms

Six labour bodies oppose devolution of WWF, EOBI

.THE NEWS

FBR proposed to jack up property valuation rates

3,000 acre of land to be provided for Gwadar Industrial Zone expansion

Foreign direct investment surges 38pc to $1.281bln in 2015/16

LSM posts 3.45pc growth

Traders likely to shift United States for cotton imports

Mobile companies looting people through prize schemes: SC

SECP sends Draft of Companies Bill 2016 to Finance Ministry for approval

Zero-rated sales tax for unregistered persons urged

No duty on chemical imports urged

Unverified vendors to pay 100pc sales tax withholding: FBR

Delay in clearance of containers annoys KCCI

Governor accords assent to Sindh Finance Bill 2016

B RECORDER

FBR, realty sector make breakthrough

$1.3 billion FDI fetched in fiscal year 2016

Yarn prices: The real culprit

Rising cotton prices to help growers get higher returns

Two percent tax on unregistered sector: APTMA flays FBR chief's statement

SME Foundation formed to promote SMEs, cottage industry: Waliullah

July-May period: readymade garments' export soars to $1.99 billion

SECP places draft of Companies Bill 2016 on website

SRO 1125(I)/2011: LCCI seeks withdrawal of amendment

Opportunity to restore Pakistan's lead in group taxation – I

Prgmea chief for utilising all resources to arrest export slide

MNCs, mega entities: jurisdiction of 190 cases transferred to Karachi LTU-II

DAILY JANG

Fair market rate of property will be fixer for all big cities of the country

Ministry of commerce demands Rs 6 billion for enhancing exports

FBR has launched software of automatic system for deduction of sale tax

Anti-Dumping duty on hydrogen par oxide be abolished

Common currency be in trade used for SAARC countries

Service of 992 scientists obtained for industrial research improvement

Moisture branded water

FBR has collected Rs 3115 billion revenue up to 30 June

FBRs new deputy commissioners assumed charge at Karachi, Lahore Sialkot

Five years old property transaction will not be touched 

DAILY EXPRESS

Current year June was the hottest during 137 years

Exports will be restricted up to 20 billion dollar in 2018

Regulation to be in traduced for valuation

Valuation laws investment in real estate frozen

Large scale manufacturing production increased by 3.45% during July May

APTMA objection on 2% tax on unregistered persons

Anti-Dumping duty on hydrogen par oxide be abolished


TMA HEAD OFFICE 

DATE: 2016 July 20

DAWN NEWS

Real estate reforms

EU takes China to WTO over export curbs

.THE NEWS

Import of used machines makes local industry incompetitive

Banking deposits of retailers, wholesalers down 7 percent

Import of used cars surge 67pc to 53,600 in 2015/16

PM urged to exempt regulatory duty on cotton yarn

B RECORDER

Five sectors: zero-rating to make no contribution to growth: FBR

Customs may allow single-item consignments' clearance through scanners

Import of cotton yarn: exports will further decline if RD not withdrawn, says PAF

Industrialists decry water shortage in Site Area

Consumer protection vital in global trade: Dastgir

New 'industrial cities' to be established, FCCI told

LCCI hails SECP's step towards facilitating company formation

Karachi's ticking bomb

July-May towel export down by $733.584 Million

DAILY JANG

POL prices likely to be reduce from 1st August

Industrialists stage protest against shortage of water to SITE industries

DC value of properties should be increased in stages of 3 years

DAILY EXPRESS

SITE factories to be closed down due to shortage of water

Joint committee formed to determine valuation of immoveable property

Decline in exports is not due to taxes Chairman FBR

To increase exports issue of water electricity gas be resolved president FPCCI


TMA HEAD OFFICE 

DATE: 2016 July 19

DAWN NEWS

FBR in bid to resolve realty market crisis

Extension of Due Date for SSGC industrial customers

‘Why China cutting?’

‘Official’ umrah

Garment makers see cartel behind surging yarn prices

Mandviwalla criticises govt’s trade policy

Exporters seek Rs100 billion refund release

Thailand and Pakistan to sign FTA

Dhaka court charges 38 with murder over garment factory collapse

.THE NEWS

Corrigendum

Cotton yarn prices up 25pc to Rs11,500 per bag

Pakistan, Thailand likely to sign FTA by year-end

Pakistan SME Forum on August 23

B RECORDER

FBR-real estate sector dispute: Resolution in sight

10th Pakistan SME Forum 2016 in Karachi on August 23

Australia to help Pakistani startups run SMEs

FTA likely to be signed by year-end: Thai Envoy

Tax refunds: Zahid Saeed seeks PM's intervention for early release

KCCI elections schedule announced

Dar briefed on progress on draft Companies Bill

'Thousands' of containers 'lost' at PICT: Traders

Import of cotton & yarn: FCCI seeks withdrawal of duties, levies

Property sector: tax experts urge government to announce amnesty scheme

PRGMEA announces election schedule

DAILY JANG

FBR and property businessmen agreed to reduce difference of DC and market rate

10th Pakistan SME forum will be held on 23rd August

Payment of pending refunds stoppage is matter of concern

Talk of FTA with Pakistan is continuing Thai envoy

Law of minimum wage is in practice 

DAILY EXPRESS

FTA with Pakistan will be signed in current year Thai envoy

Islamabad chamber also expressed concern on govt intervention in cotton market

SME forum will be held in Karachi on 23rd August

Senator Mandviwala criticized on trade policy

KATI expressed concern on stoppage of refund by FBR

Lahore chamber stressed on expansion of tax net after giving facilities    


TMA HEAD OFFICE 

DATE: 2016 July 18

DAWN NEWS

Electricity, gas tariffs to be raised

“AD” Securities & Exchange Commission of Pakistan

Canadian visa

Hazy picture of property valuation

Insight: Pakistan and Brexit — what next?

Sales tax: unethical practices

Tax compliance still a major issue for the FBR

Arrival of new cotton crop

Cotton crisis in India

.THE NEWS

This is the right time to invest in Pakistan: SBP chief

No Pak university could make place among top 500 world universities

B RECORDER

Real estate tax

'Water theft' by industries: SITE body anguished at reports

FPCCI underscores need for expansion of Seaports

Immovable property valuation: FBR to hold meetings with stakeholders soon

NAVTTC, FCCI to launch programme to develop workforce

Undisclosed income and property Transactions

Real estate sector: meeting today to discuss additional taxes

Online shopping catching on among women in Pakistan

DAILY JANG

Strategy being farmed to stop more investment in one sector governor SBP

PM took notice of property dealers protest Ishaq Dar instructed to resolve the issue

FBR will unveil today price mechanism of property price 

DAILY EXPRESS

Amendment in valuation and tax laws

All over the world including Pakistan prices of cotton reduced to 7 years high

On line desk of wafaqi ombudsman to be established in all chambers of the country


TMA HEAD OFFICE 

DATE: 2016 July 17

DAWN NEWS

Exchange of trade delegations helps boost bilateral ties, says US envoy

FBR blocked Rs100bn refunds of exporters in FY16: official

Sindh exceeds tax revenue target

Cotton price rises on sustained demand

.THE NEWS

Child labour

Imprudent taxation

Date extended

KE denies issuing excessive bills

B RECORDER

Five major sectors: reinstating zero-rating to contribute little to export growth

Re-verification of CNICs

Income Tax Ordinance 2001: ICCI calls for withdrawal of amendment in Section 68

Government to establish 'Textile City' in Karachi: Marwat

DAILY EXPRESS

Rates announced for deduction of income tax for salaried class

Decision taken to boycott Indian products

Islamabad chamber stressed on new system for property valuation

Federal Govt earmarked Rs 30 crore for textile city


TMA HEAD OFFICE 

DATE: 2016 July 16

DAWN NEWS

‘Rs43.3bn WHT raised from mobile phone users’

$20 billion remittances received in FY16

6,200 new firms enrolled

Exports slump to eight-year low

Intervention in cotton trade opposed

Textile City to be set up in Karachi

.THE NEWS

Bad amnesty

Only Rs4 bn tax comes from Rs7,000 bn real estate deals

Trade deficit widens to $23.963 billion in 2015/16

Remittances hit record $19.9bln, up 6.4pc

Govt withdraws regulatory duty exemption on cotton yarn

SBP reminds exchanging old design Banknotes

Amendment to IT Ordinance rejected

KCA slams government intervention in cotton trade

B RECORDER

Trade deficit widens to $23.96 billion in fiscal year 2016

FBR extends date for payment of ST, FED to July 18

Independent feeders-fed textile mills seek gas supply

Lint cotton procurement: KCA concerned over induction of TCP into market

e-filing of tax returns: KTBA asks FBR to extend date till July 31

ABAD rejects amendment in ITO 2001

Federal Ombudsman's Office to ink MoU with FPCCI

Karachi Port faces congestion as it has arrivals galore

Fair value of properties: Dar to chair stakeholders'' meeting on Monday

FO issues travel advisory against visiting South Sudan

DAILY JANG

Only Rs 4 billion tax paid on Rs 75000 billion property deals 

DAILY EXPRESS

During fiscal Year 2015-16 exports could not reach up to 2 billion dollar

Old design notes will not be of use from 1st December 

Prices of cotton reached to Rs 6500 per maund

Pakistan Chemical & Dyed Merchant Association issued election schedule 


TMA HEAD OFFICE 

DATE: 2016 July 15

DAWN NEWS

UK diplomat quells Pakistani businesses’ fears on Brexit

Importers slam delay in clearance at PICT

Reserves stand at $23bn

Proposal for fixing values of properties

KTBA seeks extension in tax filing date

‘KE failed to follow ombudsman orders over excessive billing’

.THE NEWS

Authorised surveyors to set properties’ actual value

Forex reserves ease

KTBA seeks extension in deadline

ICCI welcomes tax incentives for Industry

B RECORDER

PBIF chief for next phase of reforms without delay

July-May fiscal year 2016: bedwear exports fall 3.42 percent

2016-17:FCCI announces election Schedule

LCCI urges government to withdraw amendment in Finance Act 2016

Dr Pasha's economic approach

Forex reserves decline by $22 million

TRC member''s apprehension: valuers, taxpayers may collude to understate property rates

DAILY JANG

Forex reserves ease

10 days extension on in filing of sales tax return

DAILY EXPRESS

Bank deposits reached to highest at Rs 10000 billion

Forex reserves decline by $22 million

APTMA expressed concern on govt move to purchase cotton from ginners

10 days extension on in filing sales tax rerun


TMA HEAD OFFICE 

DATE: 2016 July 14

DAWN NEWS

UK needs foreign trade experts to hammer out new deals after Brexit

Car sales surge 19pc to 180,000 units

Commercial office in Bahrain to be opened

US challenges China over raw materials duties at WTO

.THE NEWS

Taxpayers bound to collect withholding tax on expenses

Export financing rate cut to 3pc

B RECORDER

Sales tax, federal excise budget instructions issued

Purchase of lint from ginners by TCP: APTMA describes it as 'imprudent' Approach

FPCCI launches NTM, NTBS Policy Advocacy Group

Better demand outlook: world cotton price rise to benefit local textile players

KATI to establish fund for Edhi Foundation

Amendments to valuation of properties examined: Dar meets FBR officials

DAILY JANG

Purchase and sale of immoveable property on market price to be ensured federal finance minister

Govt is considering on various option with regard to fixation of price of property

DAILY EXPRESS

Strategy completed to promote trade between Pak-Bahrain

Increased tax on mobile phone to be effective from 25th June

Cotton prices reached at 2 years peak 


TMA HEAD OFFICE 

DATE: 2016 July 13

DAWN NEWS

SC asks three oil exploration companies to deposit Rs100m

‘Gwadar to be declared duty-free port soon’

Revenue growth helps contain deficit: Dar

.THE NEWS

Cotton crisis

Light rains now expected in city as weather system changes direction

Real estate businesses struggle on SBP’s new valuation rules

Sindh plans to return property tax for industrial development

Automation cannot replace total Workforce

B RECORDER

Rain/dust-thunderstorm likely today

Government blamed for sluggish growth: leading economists fear deflation

TDAP: Caravan to nowhere?

Refund on packing material: PBEA writes to Dar about budget anomaly

DAILY JANG

All taxes on shipping sector abolished federal shipping minister

FPCCI will do its best to enhance Pak-Portugal trade

APTMA candems purchase of cotton by TCP from ginners

DAILY EXPRESS

Decision taken to make Gwadar free port Hasil Bizenjo

Edhi fund will be established in all chambers of the country

Cargo handing at Karachi port increased by 15%

Recovery of Rs 1.50 in UK pound 


TMA HEAD OFFICE 

DATE: 2016 July 12

DAWN NEWS

Reserves exceed $23bn

Gold price hits Rs51,500 per tola

Power distribution firms barred from recovering Rs145bn from consumers

Shariah-compliant listed companies to get 2pc tax cut

.THE NEWS

Economic reforms process to continue next two years: Dar

Terms of employment

Activists call for health and safety council,factory inspections

Imports from India through land drop Rs9.6 billion in 2015/16

Forex reserves hit all-time high of $23 Billion

Lahore Chamber calls for measures to control floods

B RECORDER

Dar explains criticality of economic Reforms

Reserves post $4.3 billion increase in Fiscal Year 2016

Promoting Shariah compliance: government offers incentive to manufacturing Companies

Industrial sector: Gepco restores 'zero loadshedding' regime

Terminals seek to win Customs' nod for shifting of FR containers

Industrialists urge government to hand over water distribution responsibility to Rangers

DAILY JANG

Forex reserves reached to 23 billion 8 crore 49 lacs dollar

Loadssheeding electricity ends after Ramzan ul Mubbarrak

Indian is trying to pull out from international investment agreements

Technical expertise to SMEs through international organization begins

DAILY EXPRESS

Forex reserves 1st time exceeds to 23 billion dollar

Cotton prices become costlier in India and China while in Pakistan it is down

Management of water board be handed over to Rangers demanded


 

TMA HEAD OFFICE 

DATE: 2016 July 11

DAWN NEWS

SBP’s assessment

Confronting property rackets

The cotton conundrum

Making of a regional investment hub

Karachi’s air quality monitoring system inoperative for five years

.THE NEWS

Taxing Real Estate

B RECORDER

MCCI to offset Brexit impact

Energy projects: FPCCI asks government to ensure accelerated completion

Generating power through gas

Growth calculations highly exaggerated: Pasha

Sindh, KP accuse Centre of ''stealing'' Electricity

DAILY JANG

Nawaz govt will offer attractive investments to new industrialists

DAILY EXPRESS

Tax net increased

Industries are provided full gas and electricity

FBR instructed to follow instruction of refund payment

Govt is not serious to end crisis of electricity

Industries minister to visit SITE industrial area tomorrow 


TMA HEAD OFFICE 

DATE: 2016 July 10

DAWN NEWS

Savings schemes

Stay orders pull agriculture tax collection down in Punjab

Notifying Discos tariff to attract investors: IMF

Free trade accords with Thailand, Turkey soon

.B RECORDER

No delay on part of Dar cited: final report of refund body makes certain recommendations: FTO

Control of ports

Textile industry may be exempted from load-shedding from today

'Turkish Visa Drop Box Service' launched

DAILY EXPRESS

Decision taken to introduce deposit protection scheme form next month

Deprecation of UK pound continue


TMA HEAD OFFICE 

DATE: 2016 July 09

DAWN NEWS

Less than expected dollar inflows in Ramazan

.THE NEWS

Customs to revise values of imported Goods

For British exporters weak pound may not offset Brexit turbulence

Lahore Knowledge Park to link academia, industry

‘Fourfold increase in intra-Saarc trade possible’

FPCCI starts advocacy for removal of NTBs in Saarc region

B RECORDER

DAILY JANG

No decision taken yet to enhance POL and gas prices OGRA

All bank branches will work today as usual State Bank

Trade amongst sarace countries is 28 billion dollar per annum

NAVY and trade con not be separated with each other

Textile sector refund be released immediately

DAILY EXPRESS

Annual enforcement plan ready to detect tax evaders

Fuel stock is only for 20 days PSO

Bank will open today stock market and FPCCI will open from Monday

Textile sector will collapse if refunds are not released

Govt should resolve issues of industries and commerce

FPCCI stressed to increase regional trade

Govt should devise automated refund system  


TMA HEAD OFFICE 

DATE: 2016 July 04

DAWN NEWS

NBP branches to remain open till late evening Today

Growing cash economy

Really, Mr Dar

Bangladesh garment industry fears for future after restaurant attack

Money in Swiss banks: India slips to 75th Position

Textile tycoons eye booming retail business

Liabilities off the book

Brexit impact and outlook

Addressing key failures in budget making

.THE NEWS

Pakistan raises cotton subsidies issue at WTO

Emiratis urged to avoid national attire Abroad

B RECORDER

Action against FBR officials: President endorses FTO''s order

Businessmen criticise extended bank Holidays

Sialkot to have Readymade Technical Training Institute: PRGMEA

MCCI demands withdrawal of import duty on raw cotton

SBP's third quarterly report for FY16

The notorious parking lot

Eid holidays: meeting convened to discuss expected containers backlog at ports

DAILY JANG

Rules for property valuation to be framed after Eid

DAILY EXPRESS

Other issues of exports be resolved demanded

Income tax on property rejected protest and seek relief from court

KATI congratulates FBR on achieving revenue target

Cotton prices reached at peak during one and half year  Yearn


TMA HEAD OFFICE 

DATE: 2016 July 03

DAWN NEWS

Cash schemes SROs notified to boost exports

Electricity bill due dates extended

.THE NEWS

IMF chief may be jailed for bailing out a French tycoon

Pakistan to add 27 million mobile phone users in next five years

Accountholders face problems in cash Withdrawal

Govt urged to focus on attracting local, foreign investment

‘Infestation risks, lower prices pose challenges to cotton output’

The real economy

FPCCI to cooperate with govt in tackling Brexit challenges

B RECORDER

STPF 2015-18: five SROs issued to launch export initiatives

Non-tax revenue: Rs 195 billion included in taxes to claim lofty collection

PRI remittances: use of IBAN to be mandatory by December 31st: SBP

FBR lauded for achieving tax collection Target

Five export sectors government lauded for granting zero-rated status

K-E extends deadlines for payment of bills

Grim exports

Culture of extended holidays

DAILY JANG

Decision taken to over haul tax machinery after Eid 

DAILY EXPRESS

Decision taken to reschedule bank loan for power sector

Demand to abolish 3% duty on import of cotton

KCCI demands to cancel amendment in income tax ordinance

Stressed to adopt positive measures to tackle international economic condition

In TEX WROLD USA 15 Pakistani firms to participate


TMA HEAD OFFICE 

DATE: 2016 July 02

DAWN NEWS

Withholding tax slows down bank deposit growth: State Bank

KCA raises cotton price by Rs200

India to extend air travel boom to smaller cities

“AD” Excise, Taxation & Narcotics Control Department, Government of Sindh

“AD” K-Electric 

.THE NEWS

Inflation lowest in 46 years

Govt meets tax revenue target for first time in a decade

SBP sees low FDIs, exports key challenges to growth

FBR notifies rules to cross-check input, output tax adjustments

Uninterrupted ATM services ordered

Property valuation by FBR officials to open doors for more corruption: KCCI

PIEDMC to set up apparel university

FPCCI calls for abolishing duty on cotton import

B RECORDER

Provinces must be given control of ports: Minister

Five major sectors: revised zero-rated ST regime unveiled

Key indicators: Wide improvement lays base for sustained growth: SBP

SBP calls for efficiency of tax system

Call to abolish duty on import of raw Cotton

Cash requirements: SBP makes elaborate Arrangements

LCCI welcomes above the target revenue Collection

Textile for availability of all banking services on 2nd, 9th

Garment institute to be set up by next month: Tevta chief

PIAF hails government's decision to keep oil prices unchanged

New procedure on how to file GST returns Unveiled

Provisional figures: FBR collects Rs 3.11 trillion in fiscal year 2016

Government transactions: Banks to provide special clearing facility on 4th: SBP

Bank transactions: 0.4 percent WHT to be charged till 31st: FBR

DAILY JANG

Inflation lowest in 46 years

Notification issued for reducing electric tariff by Rs 3.32 per unit

% of investment and remittances speed low exports reduced

Pakistan banking council will determine property valuation 

FBR tax collection increased by Rs 3122 billion till Friday night

Demand to cancel amendment in section 88 of income tax ordinance

State bank has made vast arrangement for currency management  

NEVTA has completed work for establishment of garment institute 

DAILY EXPRESS

Smart phone 4 dollar will be available in India next week


TMA HEAD OFFICE 

DATE: 2016 July 01

DAWN NEWS

FBR collects Rs3.09 trillion, set to exceed target for FY16

Remittances growth may fall further: SBP

Light diesel oil price goes up by Rs5.4/litre

Reserves at $21.8bn

.THE NEWS

Property evaluation mechanism applicable from 2006

FBR achieves tax collection target of Rs3,104 billlion

Govt keeps POL prices unchanged for next month

School fees excluded from taxable annual income

Software to deduct tax functional from today

Taxing property

Nepra rejects KE’s demand for increasing power tariff

Saudi Arabia to introduce hi-tech bracelets during Haj

Banks devoid of fresh currency notes; informal sale fires up

Retailers in Karachi likely to suffer sharp drop in Eid sales

India to get over $1 billion from World Bank

Govt rationalises additional Customs Duty

Forex reserves fall

Trade, commerce contribute 17 percent to GDP

B RECORDER

Brexit and Pakistans textile

Draft of revised SRO-1125: FBR may charge 17 percent GST and three percent VAT on finished goods

Various petroleum products: ST rates Notified

2015-16: FBR achieves assigned Rs 3,103.7 billion collection target

Profit, dividend: foreign investors repatriate $1.8 billion in July-May

Forex reserves fall $4 million

FCCI delegates discuss commercial issues with US CG

Tariff determination: Nepra declines to defer hearing of 'reconsideration request'

Operators of offshore companies: FBR seeking to amend existing laws

Petroleum products: prices to stay at existing levels: Dar

Bank holidays

DAILY JANG

Property evaluation mechanism applicable from 2006

Deposit in Swiss bank Pakistanis beat record of Indians 1st time in History

FBR set new record of annual collection of revenue beyond target

1st time in country’s history School fees of children will not be included in taxable income

OGRA recommendation rejected POL prices to be remain

FBR and CBA has closed down all doors of theft

Forex reserves fall

DAILY EXPRESS

Petrol diesel kerosene oil prices remain same light diesel become costlier

K-Electric adopted new technique to send excess bills

Rs 2145 billion invested in savings scheme

Reserves at $21.8bn

95 billion loans released with In 2 years for new industries

5 Pakistani companies participated in exhibition at South Africa under the umbrella of TDAP

Bank transactions will not held today

Abolition of Saturday holiday o commercial banks welcomed