News Clipping - Archives June 2016


TMA HEAD OFFICE 

DATE: 2016 June 30

DAWN NEWS

‘TV fee being charged under Wireless Act’

Ogra proposes up to 20pc hike despite falling global petroleum prices

Brexit will not affect Pakistan’s exports under GSP+: Dastgir

Cotton imports to hold near record highs

.THE NEWS

Brexit implications and impact on Pakistan economy

Govt’s tax evasion facilitation to be Checked

Non-filers to pay 3pc tax on leased Vehicles

Pakistan’s cotton imports to hold near record high

ICCI for introducing one-time tax Amnesty

New deputy high commissioner vows to boost Pak-UK ties

B RECORDER

Export-oriented industries: government likely to issue SRO on zero-rated regime today

UK referendum: government decides to conduct round of diplomacy

Clarification

Ogra recommends hike in petroleum prices

CDNS collects Rs 214 billion by June 10

Import of raw cotton: APTMA concerned over increase in customs duty

Fiscal Year 2016 revenue figures: FBR not holding press briefing today

Cotton imports to hold near record highs as output dwindles

Number of Eid holidays attracts criticism

US Embassy issues fresh travel advisory for staff

Low gas pressure hurting industrial output: LCCI

Textile machinery parts: PIAF concerned over withdrawal of duty exemption on import

DAILY JANG

DAILY EXPRESS

Recommendation to enhance prices of POL products by Rs 8/- per ltr

Sindh govt announced notification of holidays in govt offices on Eid-ul-Fitar

Custom duty increased by 1%

FBR freezed accounts of big tax defaulters

Trade diplomacy to be increased in European Union  

Short fall in exports


TMA HEAD OFFICE 

DATE: 2016 June 29

DAWN NEWS

Eid holidays announced

Sindh Employment Act

Trade with Iran yet to normalize

Worsening textile sector to hit banks’ stability: SBP

India’s central bank says bad loans still rising

Another air cargo ban on Bangladesh

.THE NEWS

New notes

Listed companies issue Rs941bln dividend warrants in 3 years

Bank holiday

Pakistan’s trade expo in Hungary

Aptma urges to abolish all duties, taxes on cotton import

Property price to be fixed on market value for tax

B RECORDER

Lower exports feared

SBP extends limits of EFS up to August31

Clueless Monetary Policy

UK launches new online visa application System

Bank holiday on July 1st

Russian CG for strengthening trade ties with Pakistan

Country's population will double by 2050: UAF VC

Power supply to industry may be resumed from Eid

Database of Karachiites: LCCI hails step

DAILY JANG

Eid-ul-Fitar holiday from Tuesday to Friday

Karachites to remain alert acute shortage of water feared

Property price to be fixed on market value for tax

DAILY EXPRESS

Profit on direct investment worth 1 billion 82 crore dollar remitted abroad during July-May 2016

Present limit of LTFF to be remain till new limit is announced

Pakistans financial system is strong and effective

National bank authorized branches to remain open today and tomorrow to collect tax revenue

TDAP should be given financial Autonomy

Govt should release stuck of cotton at wagah border chairman APTMA

GSP+ status 


TMA HEAD OFFICE 

DATE: 2016 June 28

DAWN NEWS

Punjab PA approves budget with 10Amendments

IMF to release tranche of $501m

Banks to remain open on July 2 & 9

Banks financials sound but ADR falls: State Bank

One-fifth of UK businesses to move abroad

KE request for extending old tariff rejected

.THE NEWS

After Brexit, Pakistan in search of new friends in EU

SMS introduced to check CNIC family tree

IMF approves $500m under EFF for Pakistan

Banks to remain open on July 2 and July 9

Laws in making to check outflow of untaxed money: FBR

SBP directs banks to ensure services during Eid holidays

Banks asked to facilitate duty, tax Collection

Market expects policy rates to remain stable in 2016

Textile makers demand removal of cotton import duty

FPCCI proposes amnesty for undeclared foreign assets

B RECORDER

Raw materials: Concessions to 17 sectors Withdrawn

Bangladesh has stopped issuing visas to businessmen: Munir

Eid holidays: Dar directs banks to ensure ATM facilities

Child labour - the worst menace of all time

LTU-I claims to surpass Rs one trillion revenue collection

Tax collection: authorised National Bank

Tax collection: authorised National Bank Branches to stay open late on June 29

EU officials brief NA body about GSP Plus status

Power multi-year tariff: undue delay contributes to textile export decline

APBF condemns massive power outages

Traders oppose additional Eid holidays

Cotton import: APTMA seeks removal of three percent duty

Foreign assets of Pakistanis: Dar urged to announce one-time amnesty scheme

Financial system remains sound, stable: SBP

Banks to remain open on Saturdays

THE HOTEL SHOW DUBAI –UAE SEPTEMBER 17-19, 2016

DAILY JANG

Senate standing committee asked to TDAP to submit details of trade delegation visited abroad during last 3 year

FPCCI demands amnesty scheme for overseas assets and cash

Exchange rate of pound reduced in comparison with dollar

To meet short fall of cash in banks state bank released Rs 81 billion

State bank released review of economic stability

APTMA demands abolition of 3% duty on import of raw cotton import

Pak British trade ties

Senate standing committee expressed dissatisfaction on TDAP performance

Flaw in law to control flight of capital

Economic activity will increased due to abolition of tax on news ships

FBR has set record in counters history of revenue collection in 362 days   

DAILY EXPRESS

Steps being taken to check non tax income holder flying abroad

British pound value further deprecated by Rs 2 stands at Rs 146

Banks will remain open on 2nd and 9th July

Senate committee on commerce expressed displeasure on TDAP performance

Amnesty scheme demanded to bring back wealth in country

PM will decide 2nd FTA with China

20% business likely to shift abroad from Britain

Large scale manufacturing decliner by 3.15%


TMA HEAD OFFICE 

DATE: 2016 June 27

DAWN NEWS

Faultlines in the sales tax system

Controversy over imports of Indian cotton

.THE NEWS

Rethinking economic policy

World Bank agreement

PA passes Rs869bn budget with majority vote

B RECORDER

Sindh Finance Bill 2016 adopted amid Protest

Widening of C/A deficit

DAILY JANG

K-Electric presents 10 years tariff rates to NEPRA

NADRA started revivification on CNIC again 

DAILY EXPRESS

Federal govt made 38 amendments in finance act

Federal govt issued notification of new rate of taxes

KCCI demands only 2 holidays on Eid-ul-fitar

Trade deficit between Pakistan and China increased by 1.30 billion dollar

Pakistan govt got huge export order of cotton

Cotton Prices increased due to export orders from India

Country’s image is the hurdle towards foreign investment  


TMA HEAD OFFICE 

DATE: 2016 June 26

DAWN NEWS

Gold price crosses Rs50,000 per tola

Sindh raises stamp duty by 50pc on bank loans

38 amendments introduced to Finance Act

Low R&D spending mars SMEs innovation

.THE NEWS

Turnover tax to bring evasion down 70 percent: study

Govt urged not to grant additional Eid Holidays

B RECORDER

KE seeks raise in tariff

Non-listed companies: SMEs and key stakeholders support SECP initiative

Pound devaluation: FPCCI concerned over huge financial losses

LCCI urges Punjab government to withdraw PIDC

Brief on amendments in the Finance Bill, 2016

Eid festivities: KCCI urges government to avoid announcing extended number of holidays

Shanghai Powers decides to buy KElectric

Dual taxation treaty: FBR officials in Switzerland to re-negotiate convention

Eid likely on July 6: Met office

Banks to remain closed for 9 days?

DAILY JANG

Karachi Chamber demands 2 holidays on Eid-ul- Fitar

Sales tax to be collected through auto system from 1st July

DAILY EXPRESS

British referendum ministry of commerce called important meeting next week

Textile sector could not perform during 60 years in spite of various incentives Khurram Dastgir

Withdraw of bank transaction tax is a good stand

UK pound out of market sale declined

FTA dialogues held up on issue of duty free goods

Current account deficit July to may stand to 21/2billion dollar


TMA HEAD OFFICE 

DATE: 2016 June 25

DAWN NEWS

Shock, surprise descend on Europe

Large-scale manufacturing grows by 4pc

Sales tax deductions to be automated from July 1

.THE NEWS

Dar eyes $23 billion new peak of foreign exchange reserves

Investment avenues

UK economy plunges into unknown on Brexit

Trade sees falling exports to Britain, European Union

SBP’s apparent intervention rescues Rupee

Automated sales tax deduction from July

FBR’s extended working hours

LSM sector posts 3.92 percent growth in July-April

B RECORDER

FTA with Britain: Consultations to begin after Eid

Last three years: parameters record marked improvement: Dar

PBIF president eyes African market to boost exports

Eid-ul-Fitr: 1.3 million individuals book new currency notes via SBP SMS service

Government facing problems in turning GSP-plus opportunity into success

Indian textile package a threat to Pakistan's industry: Shabir

GST deduction through automated system from July 1

IR offices to observe extended working Hours

10 percent duty on raw materials applicable from July 1

Reform of tax structure is essential

Exports to China, UAE decline

FBR allows deregistration to clearing Agents

Finance Act signed by Rabbani

DAILY JANG

British referendum hits Pakistan’s stoke market textile exports will have no impact

FPCCI capital office will shift in to new building after Eid

Set back on UK currency due to exclusion of UK from European Union

New markets to be find out due to declining exports Main Zahid

State Bank authorized Branches to remain open today and on 29& 30 June till late night

Entire finance act to be imposed in country form today Haroon Akhtar 

DAILY EXPRESS

Exit of Britain from European Union shaken international markets

Forex reserves will reach up to 23 billion dollar by end of this year

British Pound sharply depreciated investors sustained loos billion rupees


TMA HEAD OFFICE 

DATE: 2016 June 24

DAWN NEWS

CNIC re-verification drive to be launched on July 1

IT ordinance amended for advance tax

Reserves stand at $21.8bn

India imports cotton from Pakistan as local prices climb

.THE NEWS

Some of largest funerals in Pakistan and world’s history

KASB Bank’s amalgamation with Bank Islami challenged

Proper infrastructure must to get rid of inefficient informal sector

Forex reserves rise by $355mln

KCA concerned over ban on raw cotton exports

B RECORDER

Forex reserves surge to $21.77 billion

KCA opposes ban on raw cotton export to India

Akhtar praises ICAP's role in budgetmaking Process

LCCI voices concern over Karachi Situation

Indian HC underscores need for more trade Shows

Amended Finance Bill 2016 explained by CAs

President for attaining $500 million trade volume with Tajikistan

Budget approved by NA

Banks asked to formulate cyber security Controls

DAILY JANG

Keen to expand trade with Pakistan India high commissioner

DAILY EXPRESS

Govt Employer will enjoy 8holidys on Eid ul Fitar

TDAP scandal former PM called on 21st July

Pakistan should trade with India in spite of disputes

Forex reserves surge to $21.77 billion

Refund payment be started form 1st July ministry of commerce


TMA HEAD OFFICE 

DATE: 2016 June 23

DAWN NEWS

Dar blames provinces for not implementing 18th Amendment

Petrol generators to cost more after 40pc surge in customs value

Non-textile exports fall 19pc

World FDI flows expected to fall this year

.THE NEWS

SECP launches swift incorporation Scheme

Businesses link to increase Pakistan- Turkey bilateral trade

Manufacturers turn traders on high cost of production

Single-digit sales tax must for export Growth

B RECORDER

Budget approved by National Assembly

Swiss accounts: NAB terms FBR ''major hurdle''

Business community uneasy over 'deteriorating' law, order

Country experiencing real estate boom: PBIF chief

Call to bring down ST rate to single digit to boost exports

DAILY JANG

FBR team to leave for Switzerland today to get refund of money in Swiss banks

Country economy giving good results since last 8 years

DAILY EXPRESS

Federal Budget approved withholding tax not to be abolished

Tax be made into single digit to promote exports

6 Pakistani firms attended TEX CARE FAIR, Frankfurt


TMA HEAD OFFICE 

DATE: 2016 June 22

DAWN NEWS

Nepra cuts power tariff by Rs3.32 per unit for one month

Exports of textiles, clothing slump

Current account deficit rises

EDF approves five projects

Wal-Mart rips up China online strategy

Nepra cuts power tariff by 3.32 per unit for May

.THE NEWS

Only two Pak universities among top 200 Asian institutions

Current account deficit widens to $2.486bln in July-May

Economy suffers as red-tapism favours bad money

‘Pakistan lacks culture of tax compliance’

‘Govt fails to fulfill commitment’

No discretionary powers urged

B RECORDER

Commerce minister criticises import tariff Regime

Renewable energy: SBP revises financing Scheme

SMEs in the Budget

EDF approves 'KP Women Entrepreneurs Skill Development Programme'

Big tax evaders, powerful/influential dodgers: writ of government established through prompt actions: Haroon

Customs, tax officials: FBR, Punjab government urged to withdraw discretionary powers

'Quaid-e-Azam Apparel Park to createover 200,000 jobs'

Value-added apparel export sector demands zero-rated tax regime

July-May mobile phone imports increased by 5.11 percent

Deposit Protection Bill

Budget a damp squid; capital gains tax on property an Eid gift for the taxman

A 'non-serious' budget

Lower rate of duty: importers await passage of money bill

Rs 3.32 refund approved by Nepra

HEIMTEXTIL MOSCOW-RUSSIA 

DAILY JANG

Fuel adjustment NEPRA approved reduction in electric tariff by Rs 3.00 per unit

Discrimination in sales tax imposition competitive commission issued policy note to FBR

I CAP recommendations included in finance bill Haroon Akhtar

DAILY EXPRESS

Pakistan 3rd cheapest country of the world India Stands 1st Bermuda costliest country

Fuel price adjustment electric tariff reduced by Rs 3.32 per unit for May

Ministry of commerce not responsible for declining exports

Import of machinery increased by 17% worth 7.8 billion dollar

Steps being taken to find out Pakistan wealth in Swiss bank

Budget seminar under I Cap

Import of old clothing increased 


TMA HEAD OFFICE 

DATE: 2016 June 21

DAWN NEWS

Banking channel to facilitate trade with China: Dastgir

Pakistan economy still hampered by image Problem

India unveils broad foreign investment reforms

.THE NEWS

World’s fastest supercomputer made in China

Textile exports drop 7.34pc to $11bln in July-May

India unveils broad foreign investment reforms

Customs blocks NTN of defaulter companies to expedite revenue recovery

‘China imports threatens local manufacturing’

B RECORDER

APTMA chief opposes cotton export to India

KP business community demands withdrawal of IDC

Despite rising economy, country still hampered by image problem

Fastest supercomputer entirely made in China

Walmart, JD.com announce alliance in China

India announces sweeping foreign investment reforms

Longest day of the year today

Textile mills in Punjab: 'majority operating on RLNG-fed captive power plants'

'Businesses paying a third of their profits in corporation taxes'

POL products' prices may be increased from July 1

DAILY JANG

Pakistan’s export reduced

FPCCI sought advice from stake holders of negative impact from Pak-China FTA

DAILY EXPRESS

Textile exports decreased in 11 months by 91 crore dollar

APTMA condems import of cotton form India  


TMA HEAD OFFICE 

DATE: 2016 June 21

DAWN NEWS

Banking channel to facilitate trade with China: Dastgir

Pakistan economy still hampered by image Problem

India unveils broad foreign investment reforms

.THE NEWS

World’s fastest supercomputer made in China

Textile exports drop 7.34pc to $11bln in July-May

India unveils broad foreign investment reforms

Customs blocks NTN of defaulter companies to expedite revenue recovery

‘China imports threatens local manufacturing’

B RECORDER

APTMA chief opposes cotton export to India

KP business community demands withdrawal of IDC

Despite rising economy, country still hampered by image problem

Fastest supercomputer entirely made in China

Walmart, JD.com announce alliance in China

India announces sweeping foreign investment reforms

Longest day of the year today

Textile mills in Punjab: 'majority operating on RLNG-fed captive power plants'

'Businesses paying a third of their profits in corporation taxes'

POL products' prices may be increased from July 1

DAILY JANG

Pakistan’s export reduced

FPCCI sought advice from stake holders of negative impact from Pak-China FTA

DAILY EXPRESS

Textile exports decreased in 11 months by 91 crore dollar

APTMA condems import of cotton form India  


TMA HEAD OFFICE 

DATE: 2016 June 20

DAWN NEWS

Refineries allowed incentive to upgrade diesel to European standards

.THE NEWS

Ministry worried over at source Rs69 billion GST deduction

B RECORDER

WHT can be charged if interest income actually received, rules LHC

Can coffee cause cancer?

'PTA must be revised to achieve export's targets'

DAILY JANG

POL prices likely to be increased from 1st July up to Rs 4.50

DAILY EXPRESS

P.O.L prices likely to be increased from 1st July

Talk on refund of 200 billion dollar of Pakistanis from Swiss Bank will be held on Thursday

Big countries back out from Pakistan after seeing Chinese investment in Pakistan   

Govt’s direction towards economic development is in right direction

Cotton prices increased across the world inholding Pakistan

SM Muneers brother in Law expired


TMA HEAD OFFICE 

DATE: 2016 June 19

DAWN NEWS

Economic inheritances

KWSB announces 35pc concession for Defaulters

.THE NEWS

Pakistan ranks 56th among world’s best countries

B RECORDER

Cross-adjustment of input tax: provinces can also review corresponding provisions: FBR

India's cotton planting seen falling to seven-year low

Tax inequities

FPCCI for comprehensive strategy towards building water reservoirs

DAILY JANG

PIA announced concessional tickets on Eidulfitar

Govt will sign with four countries free trade agreement next fiscal year

DAILY EXPRESS

There is likely fuel shortage during monsoon oil companies should keep sufficient stoke OGRA

On IMF condition 40 big tax payers selected for audit

P.I.A announced concessional ticket on eid

Free import of industrial machines demanded


TMA HEAD OFFICE 

DATE: 2016 June 18

DAWN NEWS

Foreign investment shoots up by 10pc

Hungary to open business office in Karachi

.THE NEWS

Pakistan to hold trade exhibition; business forum in Hungary

China contributes over half of FDI inflows in Pakistan

B RECORDER

Amended Finance Bill 2016: FBR restrained from attaching bank accounts

Investment in new plant, machinery: provisions allowing tax credits being extended for three years

FDI increases 10 percent in first 11 months

Customs Dept prepares 'I Form Module' to regulate import business

Listed companies directed to maintain functional websites

Pakistan to hold trade exhibition in Hungary

Board meetings: SECP asks public sector cos to use video-conferencing facility

Product disclosure requirements

Property registration system being introduced in Punjab

CNG supply suspension schedule

Proposed Benami Act Provisions not apply to deals made in names of spouses, kin: FBR

DAILY JANG

FPCCI demands equal duty on import of dyes

DAILY EXPRESS

Foreign investment decreased by 76% between July-May

Economic cooperation agreement likely to during Hungary visit of Khurram Dastgir

Facilities should be given equal to trade and industry 

CNG Closure Next week 


TMA HEAD OFFICE 

DATE: 2016 June 17

DAWN NEWS

PAC meeting cancelled due to absence of FBR Chief

Then and now

Draft of PTA with Dushanbe exchanged

SECP registered 641 companies in May

.THE NEWS

PTA with Tajikistan to boost bilateral trade: Dastgir

SECP registers 641 companies in May

Aptma rejects Senate panel’s proposal to impose RD on Indian cotton

Forex reserves up by $149mln

Skilled workforce needed to move Ahead

B RECORDER

DAILY JANG

Forex reserves reached at 21 billion 41 core 51 lac dollar

Issuance of notices for SESSI contribution begins to industries

Industries to be given exemption in tax Association

DAILY EXPRESS

Federal Finance Minister instructed to accommodate positive recommendations in budget

During PML N tenure foreign loan increased by 8.66 billion dollar

SESSI ordinance in active but contribution notices issued

Regulatory duty  on import of cotton via waga border should not be levied APTMA


TMA HEAD OFFICE 

DATE: 2016 June 16

DAWN NEWS

Non-functional ATM

Tax evaders

Canadian visa

Pakistan clinches emerging market status

Tax moves hamper investment: OICCI

Dar calls it a historic day

Gas, electricity demanded for Sindh’s special economic zones

.THE NEWS

Customs to develop database values

Pakistan’s top 5pc businessmen handle 75pc of total exports

Exporters hold consignments for zerorating Notification

Government urged to roll back proposed changes in Finance Bill 2016

Super tax termed burden on business Community

ICMA Pakistan hails budget

B RECORDER

Finance Bill: SECP, FBR agree on somev proposed amendments

Finance Bill: Dar pledges to accommodate recommendations: NA body

Another cotton crisis

KATI deeply concerned at Super Tax net Broadening

'Anomalies' in budget: FPCCI delegation to meet Dar on June 21

NA body unanimously passes Companies Amendment Bill 2016

Industrialists praise Punjab budget

Misri may be replaced by Ballo at SRB

India reforms to bring cheap air travel to Millions

Budget briefings: Punjab, Sindh and KPK

DAILY JANG

Saudi Arabia allowed foreigner to invest 100% in rental business

Industrial and business circles will be under pressure due to expansion of super tax net

FBR set record of collecting Rs 2730 billion revenue within 11 ½ months

DAILY EXPRESS

Saudi Arabia allowed foreigner to invest 100% in rental business

All tax refund will be made up to 31st august federal commerce minister

Centre ready to adjustment of input tax on services at province level


TMA HEAD OFFICE 

DATE: 2016 June 15

DAWN NEWS

Govt officials reluctant to ratify convention on rights of informal workers

Govt to review all preferential trade Agreements

Saudi Arabia opens up retail sector

.THE NEWS

The Punjab budget

India’s cotton planting seen falling to 7-year low

CPEC most important project for Pak- China cooperation: FPCCI

B RECORDER

Ministry begins review of all trade pacts

Property valuation: proposed powers to IR official slammed as being unjustified

The history of Pak-China cooperation CPEC most important project: FPCCI

Saudi Arabia opens retail sector to more foreign investment

Italian restaurant named best in the world

The Punjab budget

Charter of Economy: What was the accountant thinking?

Tariff determinations: Discos causing ''tactical'' delay, over-charging consumers

Personal, housing & auto finance products: SBP formulates product disclosure requirements

DAILY JANG

Sales tax on import Plant & Machinery be abolished SM Muneer

Short fall likely in harvest and production of cotton in India and Pakistan

DAILY EXPRESS

Personal, housing & auto finance products: SBP formulates product disclosure requirements

Instructions issued to review performance of free trade agreements

464 billion revenue is required to achieve tax target

Govt should abolish sales tax on import of plant and machinery 


TMA HEAD OFFICE 

DATE: 2016 June 14

DAWN NEWS

Rs1.452trn Punjab budget seeks to create 500,000 jobs

Pact signed for partial launch of high-grade expensive petrol

FBR told to resolve Sindh’s WHT issue

SBP issues rules for payment card security

India inflation increases

Punjab budget

.THE NEWS

Salaries up, tax net widened, more jobs promised

FBR for giving powers to independent board for property valuation

Exports, drone attacks and Incoherence

Modern slavery

Taxes make 33pc of car price

Informal businesses need infrastructure to become formal

FBR urged to stop misuse of Section 38B

B RECORDER

Punjab expands tax net to generate Rs 36 billion additional revenue

Tax officials: FPCCI opposes proposed discretionary powers

FBR urged to stop misuse of ST Act 1990

The Sindh budget

Input tax adjustment: Senate panel asks FBR to deal with it administratively

Centre''s intervention sought: Punjab government unveils Rs 3,000 indicative price of cotton

SOLAS amended: VGM certificate mandatory for export containers

Rs 3.1 trillion revenue target: FBR needs to collect Rs 448 billion in June

DAILY JANG

FBR and SBR could not reach to consensus on sales tax proposals

Forex Reserves will reach by 22 billion dollar by end of June State Bank

FBR raid on the offices of tax payers be stopped

NKATI demands to take notice of roads and deteriorating sewerage system  

DAILY EXPRESS

Tax exemption certificate is linked with last year audit

FPCCI express concern on tax officials’ power


TMA HEAD OFFICE 

DATE: 2016 June 13

DAWN NEWS

UAE group to invest $200m in different projects

Sindh budget

Winning the child labour war

‘12.5 million children in Pakistan are involved in labour’

Rising inequity in tax policy

Interest rate and forex outlook

.THE NEWS

168m children involved in child labour, says ILO

B RECORDER

Excessive tax deducted from non-filers: law may be amended to allow adjustment

Budget and textile

Export-oriented textile industry: government urged to notify zero-rated regime immediately

Report on the visit of trade delegation to the Russian Federation organised by TDAP

Cotton sector deserves top priority

Finance Bill 2016: NA body proposes seven key amendments

DAILY JANG

Budget is neither nether public nor business

Pakistan forex reserves will reach by 22 billion 11 crore dollar by end of June

DAILY EXPRESS

Sindhs Budget

Business community will get benefit before approval of budget UBG

Apparel forum welcome restoring zero rating


TMA HEAD OFFICE 

DATE: 2016 June 12

DAWN NEWS

Sindh Budget 2016-17: Sindh unveils Rs869bn Budget

Extraordinary powers to tax officials resented

‘Zero-rating’ notification demanded

THE NEWS

50,000 new jobs, 10pc raise in govt employees salary announced

Low cholesterol may not be good for health: US research

Sindh targets Rs76 billion in sales tax revenue in 2016/17

Infrastructure development levy raised by 10 percent

‘Govt must overcome trade deficit’

Major driver of economic growth

KCCI condemns FBR’s power

B RECORDER

Bemoaning NFC Award delay Sindh unveils deficit budget

Services one percent reduction in ST rate Proposed

Input tax adjustment: FBR not to withdraw proposed amendments, PRA told

Teli underscores need for resolution of budgetary anomalies

Determination of value of property: government's decision to grant special powers to tax officials rejected

LCCI urges government to overcome trade Imbalance

Industrialists irked by 10-hour Loadshedding

IGATEX Pakistan to be held in April

DAILY JANG

5% tax rebate on property will be given if it is deposited in 1st quarter

Talks with govt is on regarding budget issues Zubair Tufail  

DAILY EXPRESS

KCCI expressed strong reservation on federal budget 


TMA HEAD OFFICE 

DATE: 2016 June 11

DAWN NEWS

PML-N lawmaker criticises govt policies

No plan to introduce tax amnesty scheme, Senate body told

Valuable quotes

Remittances growth slows to 5.6pc

Local car sales rise to 167,507 units

Trade deficit swells with drop in exports

Sindh seeks refund of frozen Rs1.46bn

Three industrial estates in Punjab given SEZ Status

Nepra allows companies to sell electricity to bulk consumers

THE NEWS

Hattar Given Special Economic Zone Status

Govt Has No Fresh Tax Amnesty Scheme, Senate Body Told

Trade Deficit Widens 8pc To $21 Billion

Remittances Reach $17.84bln In July- May

Growers Exempted From Withholding Tax

OICCI Says Additional Tax Burden To Increase Cost Of Business

Apparel Park Gets SEZ Status

Govt Urged To Withdraw Withholding Tax

B RECORDER

No new tax amnesty on the cards: Senate body told

Input tax adjustment: provincial tax authorities to brief Senators

'Pakistan's commercial counsellors can help boost exports to Saudi Arabia'

Value-added export sectors await issuance of SRO

Budget 2016-17: OICCI hails 'bold' measures to boost agriculture growth, exports

Five zero-rated sectors: revamped SRO defines rates of taxes on finished goods

Input tax adjustment: FBR team to take up issue with PRA officials today

M-3 Industrial City: FCCI chief lauds decision of granting SEZ status

Consumption of soft drinks during Iftar, Sehr harmful: experts

Banking transactions: LCCI urges government to withdraw WHT

Grant of SEZ status to 3 estates in Punjab approved by BoI

Importance of reforms in economy

Budget and provinces

Budget Fiscal Year 2017: government open to suggestions: Dar

Industrialists irked by protracted Loadshedding

DAILY JANG

Nepra allows companies to sell electricity to bulk consumers

Govt is concentrating on generating revenue by imposing duty rather on making export policy

Reduced loadsheeding of electric is good for economic development

Discretionary power of income tax commissioners is not acceptable

DAILY EXPRESS

Exports reduced trade deficit in 11 month increased to 21 billion dollar


TMA HEAD OFFICE 

DATE: 2016 June 10

DAWN NEWS

Economic outlook

Ministers claim securing world’s cheapest LNG imports

Non-textile exports drop 20pc

‘Budget offers no concrete proposals to widen tax base’

Reserves slip to $21.267bn

Sindh likely to unveil Rs870bn budget Tomorrow

THE NEWS

Four Indians Among 100 Most Powerful Women

SBP Says Low Interest Rate Bites Banking Profitability

US Firms Expresses Concern Over Poor Tax Initiatives

Forex Reserves Fall To $21.2bln

Saving Certificates’ Profit Rates Reduced

‘Load Shedding Can Ruin Industry ’

UK-Pakistan CCI For Promoting Women Entrepreneurs

Govt Urged To Take Measures To Increase Exports

3RD EDITION AALISHAN PAKISTAN NEW DELHI2016 01-04 SEP 

B RECORDER

Taxing the taxable

Fundamental taxation flaws must be removed: PBC

ABC terms budget 'continuation of status quo'

OECD membership to help tighten screws on tax evaders: Dar tells Senate

SBI demands provision of basic infrastructure to SEZ

Strategic Trade Policy Framework 2015- 18: five exports-oriented sectors suggest Measures

LCCI for exempting continuous process industry from loadshedding

DAILY JANG

NEPRA approved reduction in K-Electric tariff by 0.16 paisa per unit

Amendment in income tax law required to get access of offshore companies

SRO of importing 5 lacs cotton bale from India suspended

More measures like zero rating to be undertaken Jawed Bilwani

Forex reserves decreased by 33 crore 51 lac dollar during last week

American Business Council termed budget as continuation of old policies

DAILY EXPRESS

Sindh Budget will be announced tomorrow

American business council declared tax net measures in sufficient

Reserves decline


TMA HEAD OFFICE 

DATE: 2016 June 09

DAWN NEWS

‘Budget without ideas’

Duty cut on fibre optic raw material sought

Dollar falls below Rs105 on high inflows

FBR’s collection rises to Rs2.64tr

THE NEWS

Pakistan Has No Policy On Strategic Fuel Storage

SBP Says Loan Defaulters Go Scot Free Due To Lingering Cases

‘Corporate Sector, Govt Need To Work Together To Create Jobs’

Bangladesh May Exports Up 6.5pc On Garment Sales

Govt Notifies Guidelines To Check Mis-declaration

China’s Exports Fall In May As Global Demand Subdued

Spinning Mill Suspends Operation

Next Sindh Budget To Be Presented On 11th

B RECORDER

RLNG price lower than domestic natural gas''s

SSGCL''s MD sent on forced leave?

Italian CG for making use of existing opportunities for trade & joint ventures

Various taxes, levies: textile industry will still lose markets despite zero-rated regime

Dar reviews Draft Companies Bill 2016

DAILY EXPRESS

Investment opportunities are available in Pakistan Italian Consul General

Criticism on extending scheme rather giving fund for up gradation of industries 

Towel Manufacturers Association subject on Super Tax 


TMA HEAD OFFICE 

DATE: 2016 June 08

DAWN NEWS

Opposition questions budget figures Authenticity

Ambiguity in levy of tax on trust income removed: FBR

One per cent of world’s population holds almost half its wealth: report

THE NEWS

Without Parliament’s Approval, No tax Can Be Imposed: Rabbani

Taxing Dreams

Solar Firm To Supply 50MW ToKElectric

Russia, Pakistan To Promote Islamic Finance

B RECORDER

Input tax adjustment: provinces object to FBR proposal

Over Rs 526 billion remitted through branchless banking: SBP

LCCI urges revamp of taxation system

Oman Air introduces new deal this Summer

Hot and dry weather likely today

FPCCI, Dar to discuss budget anomalies

Taxing the taxed 'grossly unfair': OCAC

TMAP hails 'growth-oriented' budget

Overnight Repo: SBP announces Ramazan Timings

Textile industry waiting for SRO onzerorated Regime

Budget 2016-17: The accountant's tool box is empty

Section 80(2)(vb): foreign trusts also included in definition of cos: FBR

Ladhani appointed new SRB chairman

One percent of world''''''''s population holds almost half its wealth: report

DAILY EXPRESS

Terrorism is expected in Sindh through Mango alert issued

Khild Tawab appointed acting president of FPCCI

FPCCI delegation will meet finance minister tomorrow 


TMA HEAD OFFICE 

DATE: 2016 June 07

DAWN NEWS

Plan to regularise undeclared assets in offshore firms

Punjab govt rolls back development cess

Economic growth at cost of climate change: ADB

SBP re-launches SMS service for fresh currency notes

Dar takes notice of hike in chicken price

India to support banks to deal with bad loans

THE NEWS

Pakistani Passport Costs Less As Compared To Many Countries

Gwadar Not Be Taxed For 40 Years On Certain Conditions: FBR

SBP Launches SMS Service For Fresh Notes

B RECORDER

Provinces asked to impose lower ST rate on services

Facilitation & enforcement factors ignored in budget: tax experts

Fresh currency notes: SMS service Relaunched

Commercial, industrial imports: PCDMA for imposing uniform tax

Tax amnesty for offshore companies, overseas properties ruled out

Increased exports: PCJCCI chief for promoting 'Made in Pakistan' tag

APTPMA chief terms budget progressive

Tax collection in Punjab: 10 new services may be added to list: minister

Customs tariff in budget: 'local industry to be main beneficiary of rationalisation'

Commercial ties explored at US-Pak Business Opportunities Conference

Rising level of NPLs

"AD" All Pakistan Textile Mills Association 

DAILY JANG

In federal budget tax burden on poor segment levied minimum member in land revenue policy

Official fees of Pakistani passport is higher in comparison to other countries

Export target is far behind

Govt officials will not disclose information to ay one

DAILY EXPRESS

Rs 543 billion to be collected in current month to achieve tax target

Punjab budget will be announced on 13th June

State bank will issue new notes from tomorrow

Due to 5.7% growth tax revenue will increase 10% FBR

Notice issued to 41 companies and auditors   


TMA HEAD OFFICE 

DATE: 2016 June 06

DAWN NEWS

Sindh asks centre to withdraw some clauses of Finance Bill

Scepticism in business community

Bankers see growth in credit demand but find super tax ‘disturbing’

Documentation drive lacks innovation

THE NEWS

FBR Seeks Powers In Finance Bill To Prevent Tax Evasions

Severe Heat Claims Five Lives, People Protest Outages

Washington Threatens To Undermine The WTO

More Figures, Less Ideas

B RECORDER

Import of 508 items: Customs duty increased to 16 percent

Export promotion; nothing new here

US-Pakistan Business Conference held in New York

Taxation laws: government urged to replace four-tier appeal system

Government will go after people not paying taxes: Haroon

Indian power plants responsible for heatwave in Pakistan

DAILY JANG

DAILY EXPRESS

Ministry of petroleum decided to give 4 lac new gas connection with in a year

Cotton price remain stable in open Market


TMA HEAD OFFICE 

DATE: 2016 June 05

DAWN NEWS

Nadra to call holders of suspicious CNICs

FBR proposes amendments to facilitate filing of income tax

Sindh likely to unveil Rs813bn budget

THE NEWS

Bill to have access to offshore companies soon: Dar

Withdrawal of FED on services announced

Fixed rate regime to turn up actual property value

Govt proposes separate taxes on mutual funds

APTMA hails reinstating zero-rating for export sector

FPCCI asks govt to remove budget anomalies

‘Trade remains in China’s favour’

PRGMEA urges FM to honor refund promises

B RECORDER

Government pinning high hopes on exporters: Dar says it's growth-oriented budget

Provincial sales tax: right to claim input tax adjustment proposed to be withdrawn

Budget has disappointed businessmen & traders: Agar

Karachi likely to receive torrential rains during monsoon

Chairman APTMA hails zero-rated regime

Business community hails revival of zerorated Regime

Cotton market: prices recover as textile sector welcomes incentives

MCCI hails federal budget

APBF team leaves for US to attend business moot

APBUMA welcomes budget

Pakistan facing extreme water scarcity: PEC

Zero-rating of exports 

Institute for Policy Reforms: Review of Budget 2016-17

DAILY EXPRESS

Reservations of business community on budget

Exemptions from duty on import of plant machinery welcomed

Zero Rated regime will help in reviving textile sector APTMA

Effective policy be prepared to over come declining exports

Pak America business opportunities conference

To eliminative corruption in F.B.R is a big challenge Haroon Akhtar

Selected sectors Govt benefition budget.

Intex care international Frankfurt 7 Pakistanis companies will participate

DAILY JANG

Upto 30th June Rs 3104 billion will be collected at all cost

Mixed reaction on budget from business community


TMA HEAD OFFICE 

DATE: 2016 June 04

DAWN NEWS

Budget without ideas

Textile industry rides the wave of no-tax,norefund Regime

Refund dues: promise without allocation irks Businessmen

Banking on foreign loans

‘Pakistan brimming with promise’

THE NEWS

Rs160 Bn Additional Taxes Slapped

Budget 2016-2017

Leaning On Withholding Taxes

Business Community Says Politics In Focus

Gwadar Gets 40-year Tax Holiday

Tax On Income From Rental Properties

B RECORDER

Budget 2016-17: on track to appease all

WHT on banking transactions of nonfilers: exemption of Rs 50,000 per day limit applicable in aggregate to all accounts in same bank

FPCCI hails move of zero-rated regime for 5 export-oriented sectors

APTMA welcomes zero-rated regime

Value-added textile industry welcomes Budget

'SME sector is engine of economic growth'

Exporters want zero-rated regime for indefinite period

Provincial sales tax: right to claim input tax adjustment to be withdrawn

The Budget

No-Tax, No-Refund Regime: Relief to export sectors may cost exchequer Rs 18 billion

KCCI, BMG criticise budget worst of incumbent government

Nisab fixed at Rs 35,557

DAILY JANG

Per capita income stands to 1561 dollar

Relaxation to widows and senior citizens in tax from property rent

5% tax relief on School fees

10% tax on purchase of property

Nisab fixed at Rs 3557 for zakat deduction

Employers share in provident fund raised up to Rs 1lac fifty thousand only

Period of 1 year extended for additional tax on income more than Rs 50 crore

Non-filers will pay 20% tax prize bod money

On purchase of property abroad declaration made mandatory and 15% tax to pay 

To get relief tax payers exiting 5 labs reduced to 4

DAILY EXPRESS

Budget is discouraging

Export decreased due to high cost of doing business and slump in international market

Cotton consumption likely to increase in Pakistan next year

WTO should concentrate on E-Commerce federal commerce Minister

Working group of Pak Tajikistan formed  


TMA HEAD OFFICE 

DATE: 2016 June 03

DAWN NEWS

Budget 2016-17: Economy teeters between boom and bust

Furniture showroom raid FBR findsDiscrepancies in turnover, transactions 

Review of the economy

Focus on slavery

ECONOMIC SURVEY 2015-16

Govt set to plough big money into ailing agriculture sector

Tax exemptions still Rs395bn

Exports drop to $15.6bn

Manufacturing helps lift industrial sector Growth

Credit to private sector grows 8.3pc

Investment shows growth of 5.78pc

Tax collection rises, but falls far short of target

THE NEWS

Nadra reduces fee for Smart Cards

The Economic Survey

Bangladesh Budget Targets Creaking Infrastructure

Banks Timing In Ramazan

Forex Reserves Slip

‘Majority Businesses Worldwide Are Family-owned’

Old Banknotes To Be Ceased From Dec 1

Business Team Reaches Tatarstan

B RECORDER

Reasons behind falling exports enumerated

Traditional investors pulling out on China's increased presence?

FY17: Dar says it will be a growthoriented Budget

Finance Bill 2016 proposes creation of new department

Customs valuation: work begins on compilation of new database: DG Valuation

Demonetization of old design banknotes by December 1

Bangladesh cuts garment taxes as unveils $43 billion budget

Economic Survey: Tax exemptions still cost exchequer dearly

Economic Survey: gas utilities plan to provide 412,058 new connections

FBR is part of the solution and the Problem

DAILY JANG

Pakistan population increased reached to  19 crore 54 lacs

Tax exemptions who gained and how much?

People living below poverty line in Pakistan and India become Equal

Industrial loadsheeding in Pakistan becomes zero. Federal commerce Minister

Our main concentration is Russian market SM Muneer 

Old design notes to be demonetized

Forex Reserves reached to 21 billion 60 crore 17 lacs dollar

Work on new database of custom is going on speedy stake Holders will be consulted

Govt has reduced profit rates on national savings scheme lowest

DAILY EXPRESS

4 lac new gas connection targeted for next fiscal year

Federal budget tax will be levied on car leasing, commercial gas and construction sector

Forex reserves decreased by 1 crore dollar

SM Muneer visited Turkistan along with the delegation  

Customs appraisement achieved target of duty in May

FPCCI members demand removal of SM Muneer


TMA HEAD OFFICE 

DATE: 2016 June 02

DAWN NEWS

Taxes & governance

Budget 2016-17: Budgeting for the rich

Income tax exemption limit to be increased

Economic survey today

Oil industry warns of shortages as Punjab imposes development cess

Commission gives budget proposals to boost tax base

THE NEWS

Court Stays Cotton Cess Collection From Textile Mills

Power Shortfall Exceeds 6,500MWs

Dar Launches Economic Survey For 2015-16 Today

Banks Agree To Disclose Accountholders’ Information With FBR

Standing Committee Approves FERA Amendments

Sales Tax On Petroleum Slashed

NAB Arrests Three Men For Fraud

B RECORDER

GST on services: Finance Bill to empower FBR to apply lower rates

Government urged to reinstate 75 percent rebate in tax

Budget speech: KCCI to hold arrangements at Majeed Bawany Hall

PBIF proposes new tax authority for small, micro enterprises

Ponzi scheme: NAB arrests three persons for devouring millions

It would be sheer high-handedness

Sales tax on different petroleum products Reduced

Banking transactions of non-filers: reduced rate of 0.4 percent WHT to continue till June 30

Imported items massive changes in duty structure proposed by NTC

Tax reforms: FBR accused of erecting Hurdles

DAILY JANG

Budget will be announced on 3rd June special attention will be given to 5 export sectors 

DAILY EXPRESS

Budget will be announced tomorrow tax to be levied on Hajis of Rs 6500/-

Tax likely to be enhanced on shares commission prize bonds foreign travel will also become costlier


TMA HEAD OFFICE 

DATE: 2016 June 01

DAWN NEWS

BUDGET 2016 -17: GROWTH WITHOUT DEVELOPMENT

Record torched to avert FBR Scrutiny

More withholding taxes

Agriculture and industry set to get special packages: Ahsan

‘Pakistan to be next digital hotspot in two years’

Aptma for no load-shedding during Ramazan

LCCI backs SROs

No change in petroleum product prices for June

THE NEWS

Govt Decides To Keep Petrol Prices Unchanged

Commission Proposes Changes in Tax Laws To Clamp Down On Evasion

‘Pakistan Can Gain A Lot Through Regional Trade’

FBR To Begin Electronic Data Exchange With China

SBP Announces Bank Holiday

Zero-rate Decision To Boost Exports By 25pc

Load-shedding Exemption Urged

TDAP Meets Bashkortostan Vice PM

B RECORDER

Undeclared supplies: Finance Bill will amend tax laws to disallow input tax credit

Filers, non-filers in salaried class: different tax slabs to be introduced

Unregistered persons: WHT rate may be raised to 17 percent

Textile mills be exempted from loadshedding in Ramazan: Aptma

PRGMEA thanks Dar for announcing zero-rated regimes

APBF concerned at 'Rs 500 billion new taxes' in budget

Fourth US-Pak Business Conference in New York from June 2

Export diagnostics: A death foretold?

Prices of petrol, HOBC to remain Unchanged

Bank holiday on 1st Ramazan

DAILY JANG

POL product price increased in India

Do not increase prices of petroleum products

FBR collected in 11 months during current fiscal year record tax of Rs 2642 Billion

DAILY EXPRESS

15% addition and tax to be levied on non-filing of return by salaried class

Discrepancies in clearance of import consignments

SM Muneer leaves for Russia along with the delegation