News Clipping - Archives May 2016


TMA HEAD OFFICE 

DATE: 2016 May 31

DAWN NEWS

Nisar approves plan for re-verification of CNICs

Govt to increase WHT rates for non-filers of Tax

Strike shuts down all Punjab dry ports

Budget to make little impact on banks, property, currency sectors

Exporters cheer zero-rating status

SECP amends rules to limit corporate disputes

THE NEWS

NEC Approves Budget Through Video Link

Between Growth And Revenue

Nisar Okays Initial Report On Reverification of CNICs Of 25m Families

Russia-Pakistan To Increase Exports

B RECORDER

ST paid against provincial services: Finance bill to disallow input tax Adjustment

KATI chief for exempting machineries, raw materials from taxes

Industries to face power shutdown for almost nine hours in Ramazan

APTMA welcomes reintroduction of zerorated Regime

Muneer-led team holds meeting with Russian businessmen

SECP amends rules to minimise corporate Disputes

Exporters' complaints

CNIC re-verification task: Nisar gives assent to initial report

DAILY JANG

Severe water crisis in Pakistan in next 10 years acute drought is expected

Decision welcomed for re-introducing zero rating system for textile sector

FBR endorsed demand of industrial association

During Ramazan electricity will not be provided to industries

DAILY EXPRESS

FBR assured to abolish double taxation

APTMA welcomed resuming zero rated for textile sector


TMA HEAD OFFICE 

DATE: 2016 May 30

DAWN NEWS

“AD” Pakistan Textile Exporters Association

Investments may attract incentives

Is there a need for a new export-oriented model?

Misplaced optimism surrounds monetary policy review

THE NEWS

Govt Sets Rs160 Billion Additional Revenue Target

Loan Write-offs

Look Out

B RECORDER

Various services: 16 percent FED likely to be withdrawn

Five export-oriented sectors: government decides to apply sales tax at zero-percent rate

FBR asked to implement provisions of FIO: President endorses FTO order

Budgetary outcome 2015-16

Issuance of electronic invoicing: FBR contemplating to take special measures

Policymakers must pay attention to these tax experts

More duty, no sign of refunds

SMEs: Access to finance

DAILY JANG

Volume of federal budget likely to be of Rs 4454 Billion

Textile sector will be given incentives on exports

List of 10 worlds prosperous countries announced Pakistan ranks at 130

Additional revenue of Rs 160 Billion target in federal budget tax exemptions abolished tax likely to be increased in various sector

Finance Minister decided to make 5 export sectors zero rated

FBR has collected during 10 months 28 days record revenue of Rs 5291 billion

DAILY EXPRESS

Income tax will be increased on non-filers

All possible facilities will be given to textile sector in budget

0% sales tax on textile zero rated sector in budget

Revivification of CNIC suspected person have to be present before NADRA board

Cotton prices on higher side in international market  


TMA HEAD OFFICE 

DATE: 2016 May 29

THE NEWS

Pakistani Owners Of Foreign assets Have To Declare Investments

Budget Announcement May Be Delayed

84 Cases Registered Against TDAP, Gilani And Others, SHC Told

Govt Likely To Contain Budget Deficit At 4pc In 2016/17

FBR To Unveil Rules To Check Counterfeits’ Trade

Dollar Demand Wanes 20pc

Cotton concerns

Better Human Resource More important Than Natural Resources

German-Pak Chamber Of Commerce and Industry Inaugurated

B RECORDER

Budget 2016-17: FBR proposes new GST regime for tier-1 retailers

FBR seeks to levy 15 percent FED on above 2700cc cars

0.9 percent tax on imports: value-added textile industry criticises PRA

Government urged to set up sector-specific autonomous export promotion companies

Ramazan office timings announced

Budget 2016-17: incentives on LED lights and solar panels likely

FCCI chief seeks proactive role of trade bodies towards solving problems

DAILY JANG

Pakistans have to disclose investment made abroad

Export target likely to be fixed at 24 billion 80 crore dollar

Autonomous bodies are formed to achieve 100 billion dollar exports   

Textile sector obtained more loans from bank than govt

Exports polices to be farmed accounting to need of traders and industrialist

US dollar value reduced to Rs 105.40 from Rs 106/-

DAILY EXPRESS

Non-filers of tax will face strict action in budget

To end crimes from Karachi we well go up last level


TMA HEAD OFFICE 

DATE: 2016 May 28

DAWN NEWS

Senate body to debate TRC report

Proposal to tax retirement funds opposed

Exporters slam FBR proposal for selective zero-rating

THE NEWS

German Pakistan Chambers Of Commerce And Industry Inaugurated

FPCCI To Move Court Against EOBI Notices

Tax Notions Of ‘fair’ Businessmen

SBP Governor Stresses Cyber Security Importance

Overseas Investors Demand Refunds

SCCI Suggests Taxing Agri, Property

Cyber Firms Say Bangladesh Hackers Have Attacked Other Asian Banks

B RECORDER

Budget 2016-17: FBR proposes to withdraw a host of exemptions

FBR forced to slap tax on education aids: Annual cost of GST exemptions stands at Rs 208 billion

All Collectorates must apply DG Valuation's rulings: FPCCI

Declare real estate sector industry, LCCI asks government

Zero-rated tax regime: export sectors accuse FBR of defying PM's directive

Forex reserves hit record $21.6 billion Mark

India and Pakistan to ease visa procedures for citizens

Dar for completion of budget-related Exercise

DAILY JANG

DAILY EXPRESS

New tax slab likely to be introduced for salaried class

Govt achievements surprised economic experts Rauf Alam

Economic development not possible without country’s economic stability    


TMA HEAD OFFICE 

DATE: 2016 May 27

DAWN NEWS

CNIC re-verification

Laundered funds

Tariff for Discos cut by Rs3.95

Govt initiated Rs800bn gas projects: Khaqan

Reserves hit $21.6bn

Foreign firms repatriated $1.5bn in July-April

‘Industry cannot bear more taxes’

Germany to support textile industry

Baldia factory fire: ILO mission to review compensation process soon

THE NEWS

Electricity Consumers To Pay Additional Rs70 Bn In Four Years

World’s Largest Hotel With 10,000 Rooms To Open In Makkah Next Year

Dar Expresses Concern Over Low Cotton Production

CNG To Be Kept Cheaper Than Petrol: Khaqan Abbasi

Foreign Firms Repatriate $1.45bln Profits In July-April

Forex Reserves Hit $21.6bln

Pakistan Signs ILO Programme

Clothing Brands Must Help Ensure Asian Garment Workers Get A Living Wage

LCCI Asks Withdraw Of PIDC

Bridging The Skill Gap Essential For Entrepreneurs

B RECORDER

Third Decent Work Country Programme Inked

Senate body told China to make massive Investment

Multilateral convention on mutual tax matters: Pakistan to become signatory by August 31, Senate body told

Nepra approves refund of Rs 3.94 per unit for April

Punjab government launches e-stamp Paper

Bank levy: taxation system nearing collapse, small traders say

Textile sector team to meet FBR officials

Renewable energy: Pak-German forum aims at connecting: stakeholders: envoy

Money laundering, terrorist financing serious crimes: SBP official removes misperception about offshore companies

Foreign currency limit: airports asked to educate passengers

Industry can't bear more taxes: KATI chief

Payers' confidence, simplification of tax payment system top priorities'

'Indonesia wants to extend maximum facilities to Pakistani traders'

Budget FY17 limitations

Vitamins/minerals, cottage industry, old clothes: government to announce relief measures in budget

Dar orders probe into shortfall in cotton Crop

Textile exports: Readymade garments lead the way

DAILY JANG

Big notes are not available with large banks

Notices issued by SRB to industries to be made stopped

FBR aggress to introduce advance ruling system

World largest hotel consisting of 45 storied to be inaugurated next year in Mecca 

DAILY EXPRESS

5% tax to be enhanced on textile sector proposed

Tax on sale and purchase of property in Punjab decision taken

Reserves hit $21.6bn

Govt should bring acceptable reforms in tax


TMA HEAD OFFICE 

DATE: 2016 May 26

DAWN NEWS

SBP files plea against contempt notices in money laundering case

Growth target may be cut to 5.7pc

Expected taxation measures termed ‘retrogressive’

Exporters want payment of held-up refunds

‘SME-specific research must for economic growth’

THE NEWS

Re-verification Of All CNICs Ordered

Trade Body To Promote Pak-China Trade

Budget To Be Growth-oriented, Says Adviser

Cleaner Production To Save Money, Energy

Indian Banks Still Resisting Rate Cuts

B RECORDER

Budget FY17: government mulling taking various tax measures

Duplication of taxes: 16 percent FED on banking services may be abolished

FBR can't take action against those named in Leaks: chairman

The case of remittances from the US

SME capacity building

Surplus power and gas to be available to consumers in 2 years: Khaqan

PCICL and TDAP discuss trade, investment opportunities

PYMA chief lauds 25bps cut in policy rate

Imported consignments: customs told to accept certificates issued by valid PSI companies

FBR urged to avoid anti-business steps in Budget

LCCI urges FBR to stop attaching business Accounts

Pre-budget exercise

FBR spokesman's claims

Zero-rated regime: export sectors threaten to launch agitation

Banking industry''s NPLs up by Rs 13 billion in QICY16

DAILY JANG

Off shore companies

Finance minister will announce cancellation of dozen of concessionary SROs on 3rd June

Restriction imposed on construction of portions in bungalows

Country wide protest to be launched if no payment no refund system is restored and payment of refunds not released

Finance Mister will give final touch to tax measures in budget today    

DAILY EXPRESS

NADRA ordered to recertify CNIC passports

Withholding tax likely to increase by 10% flat

Electric tariff likely to be reduced by Rs 3.41per unit NEPRA will hold hearing

Govt claimed taking out country from crisis and improvement in country economy

Trackers and identification chips to be made mandatory on bonded cariers

Discrimination with Karachis traders and industrialist to be stopped

Refunds value added sector warned protest for refunds      


TMA HEAD OFFICE 

DATE: 2016 May 25

DAWN NEWS

SECP reduces company formation fee to encourage corporatization

SBP moves to limit abuse ofremittanceboosting Scheme

Chemical importers for level-playing field

SHC orders travel ban on HCCI chief

THE NEWS

Businesses In Karachi, Punjab Should be Closed Down Early: Asif

Cost Excellence Must For Business In Gloomy Economy

State Bank Amends Rules For Remittance Fees Reimbursement

SECP Revises Down Fees

Pakistan Trade Caravan Makes Final Stopover At Dushanbe

Govt Urged To Avoid Imposition Of New Taxes

B RECORDER

Home remittances: new guidelines on reimbursement of TT charges unveiled

FCCI urges Punjab government to become voice of industrialists

Textile sectors express concern over FBR's Proposal

Budget 2016-17: LCCI urges government to avoid introducing new taxes

Import of laptops: fixation of duties, taxes to help raise ST collection

Number of mobile phone users reach 132.65 million

Import of raw material: PBIF chief seeks withdrawal of ST

FBR suspends two IR officers

DAILY JANG

Special package will be given for development of industries in next budget Haroon Akhtar

Russian President Chamber meets chairperson SBI

Existence of non-filers would be made miserable in next budget

DAILY EXPRESS

16% excise duty expected to believed on lubricants air conditioner and cosmetics

2.9% increase expected in per capital income in current fiscal Year


TMA HEAD OFFICE 

DATE: 2016 May 24

DAWN NEWS

Exports of textile, clothing edge lower

Fixed tax for builders and developers to generate Rs25bn

Dollar surpasses Rs106 in open market after three months

THE NEWS

Dar Shoots Down FBR’s Tax Proposals

Tax Authorities To Improve Clearance System

Nepra Approves 12.2 Paisas/kWh Reduction For KEL Consumers

Duty, Tax Exemptions Proposed On Cotton Import

Policy Rate Cut To Undermine Banking Profitability

Per Capita Income Up 2.9pc To $1,561 In 2015/16

Exporters Launch Protest Against Likely Sale Tax Hike

APBF Welcomes SBP Decision

PBIF Proposes Reforms In FBR

B RECORDER

LCCI urges FBR to stop issuing undue notices to traders

APTMA urges government to take steps towards boosting exports

Calculation of claim be revised: Trade bodies demand withdrawal of SBP circular

APBF backs SBP policy rate cut

July-April textile exports decline YoY

Nepra may approve refund of Rs 3.42/unit for April

Businesspeople hail cut in policy rate

Workshop on budget reporting held at KCCI

Easing of monetary policy

DAILY JANG

Sindh Govt will take over charge from federal govt of EOBI

Exhibition begins at Riyadh under the auspices of OIC

Tax judiciary should be formed to address grievance

Local manufactures are bent up on to destroy SMES

Rs 3.41 Paisa likely to be reduced in electric tariff through fuel adjustment

DAILY EXPRESS

Rs 3.41 Paisa likely to be reduced in electric tariff through fuel adjustment

Textile exports decreased by 7.72% during July-April

Protest on enchantment of price of polyester Yarn

Business community welcomed cut in interest rate


TMA HEAD OFFICE 

DATE: 2016 May 23

DAWN NEWS

Monetary policy

Forex reserves

“AD” All Pakistan Textile Mills Association  

Juicy domestic apparel market

‘Devolution without delegation’

Uninvited guests at company annual general Meetings

THE NEWS

Written-off Loans To Be Retrieved: Dar

China Eager To Support Underdeveloped Countries: FPCCI

Govt To Recover Written-off Loans: Dar

Forex Reserves Were Understated In Musharraf Era

B RECORDER

Revenue-expenditure projections: Dar asked to make adjustments

FTA-hit domestic industry: MoI&P opposes withdrawal of tariff concessions

MCCI hails policy rate cut

Dar directs SBP, FBR, SECP to take steps towards stopping illegal outflows

Silent heart attacks strike more men but kill more women

Pakistan at a good stage to enter branded textile market: CEO, MAS Brands

FBR taking measures to remove deficiencies in laws: spokesman

DAILY JANG

Countrys economy positive sign

FBR facing challenge to collect 565 billion tax 39 days

DAILY EXPRESS

New monetary policy and countrys economy

Demands to abolish duty and takes on raw material 


TMA HEAD OFFICE 

DATE: 2016 May 22

DAWN NEWS

SBP cuts policy rate to 40-year low as growth target missed

Federal air ticket tax

Consumer vs KE

Policy rate cut catches stakeholders off guard

Pakistan yet to benefit from Russia’s pivot to Asia as trade falters: report

THE NEWS

Govt Gets Rs65 Bn From Power Consumers By Imposing Surcharges, Says Nepra

Pakistan, China May Restart Talks On FTA-II In July

SBP Cuts Policy Rate To 5.75 Percent To Spur Growth

Textile Exports Fall 7.72pc To $10.4bln

'No Need For FX Intervention'

Businessmen Perturbed Over Likely Increase In Minimum Wages

B RECORDER

Policy rate cut by 25 basis points on improved conditions

No room for any segment to avoid taxes: Dar

SAI demands water in accordance with 2014 agreement

Losses suffered in arson attack on textile mill: SECP tells Registrar to present winding up petition

Made-up textile, leather items: FBR mulling charging maximum retail price

DAILY JANG

Economic development will be below than expected target inflation will increase interest rate 75.5% fixed

DAILY EXPRESS

Pakistan products displayed in exhibition at Bishkek under TDAP umbrella   


TMA HEAD OFFICE 

DATE: 2016 May 21

DAWN NEWS

Pakistan misses economic growth target

Sui gas field’s lease extended at higher price

Three-day CNG stations closure in Sindh Slammed

THE NEWS

New Shoes On Budget Day

Current Account Deficit Narrows To $1.52 Billion In July-April

SBP Set To Keep Policy Rate On Hold Despite High Inflation

Economic Planners Asked To Avoid Raise In Duties

FBR Withdraws Zero-rating Facility

B RECORDER

Growth target missed by 0.8 percent on agriculture woes

GST on mobile phones may be doubled

Karachi readies graves, hospitals, in case heat wave hits again

MPS today

RD on materials not being manufactured locally may be withdrawn

LCCI underscores need for discouraging illegal trade of goods

Forex reserves hit all-time high

Decision to impose ST on food items Criticized

Ramazan likely to begin from June 7

Pensioners EOBI to launch ATM cards from August

DAILY JANG

List from 1990 to 2000 of loan waivers is ready

Notice taken in construction delay of capital office building of FPCCI

Forex reserves hit all-time high

FBR has to achieve target of 576 billion tax within 6 weeks of current financial year

FBR has collected under super tax worth Rs 1 billion 

DAILY EXPRESS

Rs 288 Billion taxes likely to be imposed in next budget

Monetary Policy to be announced today

Demand to abolish CESS on CNG in Sindh as well

Due to double taxation dollar become costlier by 0.35 paisa 

Notice taken in construction delay of capital office building of FPCCI


TMA HEAD OFFICE 

DATE: 2016 May 20

DAWN NEWS

Lawmakers demand a 450pc raise

Budget and Panama

Forex reserves touch an all-time high of $21.3bn

Aptma opposes demand for Indian cotton import ban

THE NEWS

Pakistan To Issue Biometric Passports To Halt Human Trafficking

FPCCI Urges Finance Ministry To Cut Sales Tax

Aptma Rejects Demand To Stop Cotton Import From India

Forex Reserves Reach Record High

FBR Urged To Focus On Broadening Tax Base, Structural Reforms

Monetary Policy Tomorrow

B RECORDER

Rs 3.6 trillion revenue target fixed for Fiscal Year 2017

To let the cotton flow?

Status of EOBI: SC seeks report from Centre, provinces

Bill on investment, development of industries passed

PHMA rejects calculation method for revising DLTL

LCCI concerned over delay in clearance of refund claims

Gilani to be indicted in TDAP corruption case on June 23

Sindh cities: KCCI for using federal formula for judicious budgetary allocations

ACCA proposes single-digit sales tax

APTMA rejects ban on import of cotton from India

Sindh Minimum Wages Act: body to oversee implementation: Solangi

FBR serves notice on banker for concealing information

MPS tomorrow: key policy rate may remain unchanged

DAILY JANG

POL products prices likely to be raised by Rs 5.75 from 1st June

Form PM granted bail in TDAP scandal

FBR stopped to visit business premises of tax defaulters

Forex Reserves Reach Record High

DAILY EXPRESS

Forex Reserves Reach Record High

CNG prices likely to be reduced by Rs 2.04 per kilo in Sindh

Budget should be prepared @ Rs 105.50 per dollar

APTMA rejects ban on import of cotton from India

MP to be announced tomorrow


TMA HEAD OFFICE 

DATE: 2016 May 19

DAWN NEWS

Taxes and revenues

Pakistan’s HSE laws

Laws regulating flow of foreign exchange to be Improved

E-portal for electricity connections

THE NEWS

Govt Engages WB To Make Bleeding Gas Companies Efficient

FPCCI Calls For Joint Ventures With China

Govt Urged To Establish E-portal For New Power Connections

IPR Suggests Criminalising Nonfiling Of Tax Returns

B RECORDER

Government likely to miss growth target

Laws regulating inflow, outflow of foreign exchange: Dar, others review proposals

Spade work for budget completed: Dar Informed

CNG price increased in Punjab

LCCI urges government to establish eportal for new power connections

APTMA urges MoC to clear cotton consignments lying at Wagha border

Shanghai businessmen visit FPCCI

IPR proposes government to toughen penalty for tax evasion

Budget 2016-17: rate of FED on above 2700cc cars may be doubled

DAILY JANG

Foreign direct investment in Pakistan increased by 4.5%

Illegal transfer of capital system to be imposed to detect tax evasion

Cheap energy to industries be provided tax on bonus share be abolished

UBG has practically took step to solve problems of business community

FBR to impose electronic mechanism of manufacturing   

DAILY EXPRESS

Import of cotton from India should be stopped immediately

Tax culture will promote after reforms

Govt should declare tax default as crime IPR

Trying to increase cotton production

TMA HEAD OFFICE 

DATE: 2016 May 18

DAWN NEWS

Eat well, stay well

Amnesty scheme quietly shelved

Industrial output grew 4.7pc in nine months

Tanners seek removal of customs duty on raw material imports

Inconsistent policies led to economic instability: Ahsan

FDI crossed $1bn in July-April

TDAP trade caravan reaches Bishkek

Bilawal meets industrialists

THE NEWS

Traders And Tax

Chinese Investment Increases 152pc To $550mln In July-April

Arif Habib Calls For Reduction In Tax On REITs

LSM Grows 4.7 Percent In Nine Months

FPCCI Demands Better Regulations, Tax Break for Banks In Budget

DLTL Exchange Rate Revision To Delay Refunds: Prgmea

Double Taxation Hampering Economic Growth

B RECORDER

Provident fund: SECP imposes limit for investment in shares, schemes

The menace of Indian yarn

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

Budget mustn't spell out any new tax: PIAF

FPCCI seeks improved tax structure, relaxation to banking companies

Ebad gives his assent to Sindh Companies Profits (Workers' Participation) Bill

Economy: Have we turned the corner?

July-April FDI exceeds $1 billion mark

DAILY JANG

Ebad gives his assent to Sindh Companies Profits Workers Participation Bill

Executive passport center passport office to be established in district central 

DAILY EXPRESS

Ebad gives his assent to Sindh Companies Profits Workers Participation Bill

July-April FDI exceeds $1 billion mark

Luxury items likely to be levied 25% duty customs duty on import of agriculture machineries under consideration 

FPCCI demands reduced tax to banking sector

Gas is being provided to industries in good proportion

Industrial output grew 4.7pc in nine months


TMA HEAD OFFICE 

DATE: 2016 May 17

DAWN NEWS

Factory workers’ safety

SSGS tactics

SBP introduces Mobile Banking Interoperability Regulations

Aptma chief laments govt’s ‘indifference’

11 HCCI members obtain pre-arrest bail

Back to fixed taxes

THE NEWS

FPCCI Concerned Over Traders’ Arrest

Aptma Chairman Urges Govt To Resolve Textile Industry Concerns

B RECORDER

Recovery notices by banks: SBP suggests standard procedure, timeline for compliance

Budget 2016-17: government should revisit all policies for improved growth: LCCI chief

Many sectors: PBIF chief for introducing flat rate of tax

APTMA chief urges government to restore industry's viability

39 companies involved in paper/fake transactions unearthed

Budget proposals: Tax concession proposals for IBIs, MFBs must be considered: SBP

DAILY JANG

Tax system should be made simple in next budget

FBR has made achieving tax target matter of life and death

DAILY EXPRESS

Taxable income ceiling likely to be increased up to Rs 5 lacs


TMA HEAD OFFICE 

DATE: 2016 May 16

DAWN NEWS

Promise of a business-friendly budget

New credit rules for under-served SMEs

THE NEWS

Govt Introducing 2pc Fixed Tax To Bring Retailers Into Tax Net

Tax Reconciliation

A Harsh Fee

B RECORDER

“AD” Pakistan Textile Exporters Association

Budget 2016-17: FED on many items to be Restored

Harassment of Industrialists must stop

India eases red tape but foreign firms still Struggle

The tax continuum

FBR negligence costs exchequer millions

SECP terms AGM an important statutory Event

President confirms FTO order on minimum tax issue

DAILY EXPRESS

LCCI demands protection to industries


TMA HEAD OFFICE 

DATE: 2016 May 15

THE NEWS

Finished Goods Only Viable Solution To Boost Exports

FPCCI Advocates For Raise In Taxto- GDP Ratio

‘More Incentives For Industry In Budget Under Consideration’

B RECORDER

Budget 2016-17: government decides to implement short-term recommendations of TRC

Traders help HCCI chief avert arrest by NAB

Bangladesh capturing Pakistan's export share: PRGMEA seeks increased government Support

PBIF chief spells out key reason behind fall in exports

Rangers to increase patrol in industrial Areas

LCCI urges government to end double taxation, harassment by taxmen

Economic zones should be set up for strengthening industrial base: PIAF

DAILY EXPRESS

Renewal of arm license and E-Passport is good decision

More incentives for industries likely in budget

Differences amongst SAARC countries on sensitive list still exists

Survey regarding problems faced by laborers in Sindh will start from tomorrow

Garment sector demands necessary steps for its restoration

Industrial associations reject 14% sales tax  


TMA HEAD OFFICE 

DATE: 2016 May 14

DAWN NEWS

Six-month extension in revalidation of manual arms licences approved

Unwanted messages

India announces new trademark, patent policy amid global pressure

THE NEWS

Pakistan Doesn’t Need New Bailout Package, IMF Told

Govt To Slap New Tax On Construction Sector In Next Budget

Gas Load Shedding To Dent Exports

India Announces New Trademark, Patent Policy

FBR Withdraws Zero Rating

FPCCI Body Calls For Achievement Awards To Industrialists

B RECORDER

'FBR committed to removing duplications of ST/FED'

Manual arms licenses: six-month extension in re-validation

DG Valuation apprised of issues pertaining to rulings

Outstanding dues: KCCI making efforts to resolve issue pertaining to EOBI's demand

Import and export procedures: SMEDA organises training programme

9,020 returns filed, Rs 850 million deposited under VTCS: NA informed

MPs, judiciary, public servants: FBR urged to create centralised jurisdiction for audit of tax affairs

Suspension of gas supply: industrialists criticise SSGC's decision

Income tax return filing: no new individual required to fulfil process of registration: FBR

India announces new trademark, patent policy amid global pressure

Balance sheet, PLS account: SECP tells non-listed companies, NPOs to follow accounting standards

DAILY JANG

Karachi is economic backbone laborious Urdu speaking is an asset GD Rangers Sindh

14% sales tax levied by Sindh revenue board on industries is not acceptable    

DAILY EXPRESS

Panama Tax

DLTL formula revised payment likely to be stopped


TMA HEAD OFFICE 

DATE: 2016 May 13

DAWN NEWS

IMF to provide $510m aid tranche

Ultimate tax haven

Reserves at $20.8bn

ICAP urges steps to promote tax compliance Culture

US for stronger economic relations with Pakistan

INT’L SOURCING EXPO (ISEA) MELBOURNE- AUSTRALIA NOVEMBER 15-17, 2016 

THE NEWS

Efforts Not In Tune With GSP Plus Human Rights Conventions

Forex Reserves Increase To $20.834 Billion

Industrialists Cannot Pay Revised EOBI Rates: KCCI

ICAP Suggests Measures To Broaden Tax Base, Improve Revenue Collection

Policymakers Ensuring Constant Growth

FPCCI Prepares Budget Proposals

FBR Urged To Expand Tax Base

FBR Issues Active Taxpayers List

B RECORDER

Un-documenting documentation

Pak-Netherlands trade to hit $1 billion mark this year: Dutch diplomat

SCCI submits budget proposals

Visa policy to be restructured with Pakistan: Malaysian CG

Every 4th Pakistani is obese, overweight: Experts

Informal economy constitutes 70 percent of total economic activity: Icap chief

As drought shrivels crop, cotton industry faces $4 billion bill

India passes bankruptcy law in longawaited Reform

KE's plea regarding quarterly tariff: Nepra h

DAILY JANG

K-Electric Filed another application for reducing 0.54 paisa per unit

SICPA electronic system evolved to control tax evasion in four industrial sectors form next fiscal year

Malaysian visa policy to be revisited

KCCI expressed concern on issuance of 3 years demand notice by EOBI

Proposal of extending 2 years tenure of office bearers of industrial associations rejected

Forex Reserves Increase To $20.834 Billion

DAILY EXPRESS

Mobile phone charging point established in Masjid Ul AHRAM

Tax laws 1158 US citizens surrendered nationality

Pakistan trade deficit increased

Pressure on govt to be built up due to expensive production of electricity

Forex Reserves Increase To $20.834 Billion

KCCI to resolve EOBI contribution issue

30% share of economy is documented


TMA HEAD OFFICE 

DATE: 2016 May 12

DAWN NEWS

Corporate vs turnover taxes

Sindh tax collection

FBR issues active taxpayers list

Trade deficit widened in April

Cotton price rises on strong demand

5TH CHINA EURASIA EXPO URUMQI CHINA SEPTEMBER 20-25, 2016

THE NEWS

Gilani Gets Protective Bail In Five TDAP Cases

Pakistan Asks IMF To Relax Budget Deficit Target

FBR Lists 1.048m Taxpayers

FBR To Launch EDI With China Next Month To Curb Under-invoicing

Trade Deficit At $19 Billion In July- April

Govt To Target Non-resident Companies’ Tax Avoidance

EPD Secretary Meets PHMA Team

‘Pakistan A Profitable Business Destination’

B RECORDER

Dealing with the menace of underinvoicing 'Pak-China Connectivity Bus' to be launched by August

APTMA puts forward budget proposals

MCCI chief seeks special package for SMEs

FBR issues active taxpayers' list for tax year 2015

Foreign tax registration documents mandatory for non-resident companies: FBR

Dar in Dubai for talks on 11th IMF review

DAILY JANG

Gilani Gets Protective Bail In Five TDAP Cases

Mechanism is being prepared to stop under invoicing for china

FBR issued actives tax payers list of 2015

Taxes imposed on Towel Manufactures need to revisit

DAILY EXPRESS

Exports during July-April reduced by 2059 Billion dollars

FPCCI expressed concern on water shortage and its waste

To protect tax payers right law likely to be framed

Active tax payers list 2015 issued

Reduction of tariff for K-Electric consumers welcomed  


TMA HEAD OFFICE 

DATE: 2016 May 11

DAWN NEWS

Exports to India may reach $1bn

FTO provided Rs735m relief to taxpayers in 2015

LCCI seeks incentives

‘Law bars FBR from probing offshore firm owners’

THE NEWS

FBR Can’t Probe Offshore Companies beyond 5-6 Years, Senate Panel Told

Customs Evolves Online Database To Check Under-valuation

Govt Urged To Give Incentives To Cottage Industry

Pakistan Eyes $1bln Exports To India

B RECORDER

Probe into offshore companies: FBR explains its limitations

SMEs - the defining conundrum

Potentials of the garments sector

FBR hasn't yet proposed Rs 150 billion new taxes in budget: Senate body told

Allegations against TDAP CE clarified

Cottage industry: LCCI urges government to announce special incentives

The mounting debt burden

Heist, Balochistan style

K-Electric consumers: Nepra approves Rs 3.86 cut

SOURCING AT MAGIC LAS VEGAS-USA AUGUST 14-17, 2016

DAILY JANG

New data base will be prepared in consultation with stakeholders DG customs valuation

Criticism by section of group on C.E .TDAP is un justified Farrukh Maqbool

Steps announced in trade policy its implementation be assured KATI

DAILY EXPRESS

NEPRA approves reduction in K-Electric tariff for consumer by Rs 3.86 per unit

Trade bodies expressed reservations on trade organization amendment bill 2016

Trying to increase exports to India 1 billion dollar Khurram Dastgir

Traders assured to resolve issues of valuation

90 crore rupees released from EDF during 9 months


TMA HEAD OFFICE 

DATE: 2016 May 10

DAWN NEWS

Coming budget

Textile industry underscores power tariff Distortions

FBR to launch new system for e-filing

Lifting of ban on gas connections sought

World Bank urges Pakistan to speed up reform, employ more women for growth

Prepaid card regulations issued afresh

“AD” All Pakistan Textile Mills Association 

HOSPITALITY QATAR DOHA-QATAR OCTOBER 18-20, 2016

THE NEWS

Pakistan’s Economy Hamstrung By Electricity Shortages

State Bank Issues Rules To Promote E-money

Export-oriented Textile Industry Warns Legal Action

Pakistan Budget Promises Probusiness Policies

B RECORDER

GSP Plus conventions monitoring cell: FPCCI urges government to induct two Representatives

Rs 197.21 billion collected under GIDC

New gas connections: APTMA seeks notification on removal of moratorium

FPCCI, HCCI demand end to unannounced power outages

Pending refund claims: PRGMEA threatens to move court against SBP circular

Change in definition of SMEs

Un-branded imported garments: Customs values revised

SBP unveils regulations on prepaid cards

Budget to be unveiled on June 3?

TDAP OFFERS AN EXCELLENT OPPORTUNITY TO BE PART OF GENERAL DELEGATION TO TEHRAN-IRAN AUGUST, 2016

DAILY JANG

Economic survey likely to be announced on 1st June

FBR collected Rs 2438 billion Tax during 10 months and 9 days

DAILY EXPRESS

First pay than spent substitute payment system introduced

Exports refund be released immediacy APTMA 


TMA HEAD OFFICE 

DATE: 2016 May 09

DAWN NEWS

Move to tighten rules for investing abroad

THE NEWS

FBR To Deduct Rs50 Billion From Textile Mills Refunds

B RECORDER

MCCI concerned over hike in gas tariff

KPCCI seeks inclusion of moveable, immovable assets in VTCS

Regularizing overseas investment

Uphill revenue targets: RTO conducting raids on premises of commercial importers

Creating illegal IT demands: FBR field formation accused of using fake courier receipts

“AD” Pakistan Textile Exporters Association

DAILY JANG

FBR will be succeeded in achieving annual target of Rs 3104 billion

Voluntarily tax scheme doors closed on non-filers traders

FBR has to cross Korakaorm mountain of Rs 14 billion collection target

DAILY EXPRESS

 

TMA Press Release 


TMA HEAD OFFICE 

DATE: 2016 May 08

DAWN NEWS

WTO chief advises Pakistan to devisebusiness friendly border rules

Effluent treatment plants project suffers

THE NEWS

Sales Tax Zero-rating Allowed

Karachi Chamber Assured Of Incorporating Proposals In Budget 2016-17

B RECORDER

HSFO import: Dar reluctant to withdraw three percent raise in GST

2016-17 budget: government considering proposals, KCCI delegation told

Five major sectors: FBR revising ST Structure

FBR to deduct Rs 50 billion from textile Refunds

DAILY JANG

FBR has issued 4 lacs fifty thousand notices to non-filers under section 114


 

TMA HEAD OFFICE 

DATE: 2016 May 07

DAWN NEWS

64pc Pakistanis believe corruption rife in govt offices, says survey

SBP redefines small, medium enterprises

Commerce ministry seeks Rs6bn to build four expo centres

THE NEWS

Textile, Apparel Exports To Go Up As East Asian Exporters’ Trip

SBP Revises Regulations For SME Financing

Preferential Access To EU Under Threat: KCCI Report

Old Banknotes Cease To Be Legal Tender From Dec 1

SBP Denies Statement On Fake Currency

B RECORDER

Stay granted by courts in tax evasion, fraud cases: DG I&I Inland Revenue seeks AGP's guidance, help

SBP denies issuing any press note on fake Currency

July-March Fiscal Year 2016: readymade garment exports up over four percent

Specialty fibres: Aptma seeks exemption from extra anti-dumping duty

PBIF chief says CoAS must continue until 2018

SME financing: SBP revises prudential Regulations

New gas connections allowed

Reporting tax evasion: FBR announces cash rewards for citizens

DAILY JANG

Corporate tax rate to be reduced within 2 years from 33% to 30%

Planning on water projects to be done to improve countrys economy

Garments industry is towards stability and progress

Protest is hurting projects of corridor and economic development

Old design notes legality will be ceased from 1st December

DAILY EXPRESS

April 28 importing companies involved in tax evasion of Rs 45.5 crore

Pakistan can become center of regional garments


TMA HEAD OFFICE 

DATE: 2016 May 06

DAWN NEWS

Private sector stops borrowing from banks, starts retiring debt

Textile sector opposes power tariff hike to pay off KP’s hydel arrears

Corporate bill keeps stakeholders divided

Govt asked to allow cotton hedge trading

Investor confidence improved: OICCI

Bangladesh Bank officials seek to recover stolen money

Reserves at $20.8bn

THE NEWS

Govt Lifts Ban On New Gas Connections

Foreign Investors Cheer Growth With Cautions

Cotton Dealers For Resumption Of Hedge Trading

Forex Reserves Decline

‘No Economic Stability Without Focus On Exports Sector’

B RECORDER

SBP suggests steps aimed at regularizing overseas investments

Moratorium on new gas connections lifted

SECP will charge fee of Rs 500,000 from July 1

Dismal leather export: PTA seeks PM's Help

President arrives in Multan, meets MCCI Team

Forex reserves fall by $2.2 million

Tussle between FBR, provincial revenue authorities: taxpayers compelled to face spectre of double taxation

FPCCI for protection of locally manufactured raw materials

Exhibitions organised by TDAP: Senate body orders audit of expenditure

SECP holds session about electronic filing, VOSS in Gujranwala

Filing of ST, federal excise returns: FBR decides to launch modified automated system

Corporate bill: lawyer identifies pitfalls, helps thwart passage

Heimtextil Frankfurt- Germany, January 10-13, 2017

DAILY JANG

I cap recommended to FBR for strict action against non-filers

Restriction lifted   on projects providing gas

Traders are satisfied by working condition of business overseas investors chambers

Cotton prices increased to RS 6,000/- per maund from Rs 5200/-

K-Electric issued notification of reducing tariff by 0.75 paisa per unit

Forged currency notices are in circulation SBP warns public

DAILY EXPRESS

K-Electric regularly sending bills on higher side to citizens

Parliamentary committee formed to investigate TDAP officers  


TMA HEAD OFFICE 

DATE: 2016 May 05

DAWN NEWS

President urges business community to play its part for prosperity

Tax return filings cross 1m mark

Arrest warrants of Gilani, others issued in TDAP case

THE NEWS

TDAP Scandal: Charge-sheets In Seven More Cases Submitted

FBR Stops Refunds Payment As Fiscal Year Near End

B RECORDER

Falling exports, flawed policy

Razak Bengali nominated chairman PGBC

Release of refunds urged: PTEA chief says cash crunch adversely impacting industry

Taxes, surcharges contributing towards high cost of doing business: PYMA

TDAP scandal: non-bailable arrest warrants for Gilani issued

Country seeks to expand trade links across region: Dar

Fiscal Year 2017 Budget: number of tariff slabs may be scaled down to four

DAILY JANG

TDAP scandal

Work started to computerize all record M.D. SITE ltd

Tax collection increased by 173% during 1st four days of May

Foreigners visiting UAE should apply visa first through online

Fiscal Year 2017 Budget: number of tariff slabs may be scaled down to four

DAILY EXPRESS

K-Electric reduced electric tariff by 0.75 for one month

TDAP scandal

US$ fall below to Rs 105/-

KCCI will remain close today

FBR chalked out strategy to arrest non tax filers


TMA HEAD OFFICE 

DATE: 2016 May 04

DAWN NEWS

‘Budget will be pro-growth, pro-industry’

Pakistan offers to host next Saarc meeting to bolster regional trade ties

Govt urged to cut cost of doing business

Doctor claims cure ‘without medicines’

THE NEWS

Pakistan’s Modest Economic recovery To Continue: World Bank

Consumer Financing Clocks In At Rs11.4bln

Customs For Restoration Of DTRE Scheme For Vendors

B RECORDER

Dar urges Europe, Asia to cut down on tariff, NTBs

Apparel sector: Pakistan lags behind competitors: World Bank

Making investment in associated companies: Companies bound to take approval from shareholders

Nepra notifies Rs 2.83 refund for March

Bank levy Reduced rate of 0.4 percent WHT to continue till 30th: FBR

DLTL scheme: PRGMEA urges Dar to resolve issue of revised calculation method

Hush! The engineer is listening

DAILY JANG

Speedy % of GDP growth recorded

Notification for reducing electric tariff by Rs 2.83 per unit issued

FBR collected 1100 billion tax during 3years tenure of Nawaz Sharif

DAILY EXPRESS

European and Asian countries should revisit of tariff system

Real Estate sector likely to be bring completely into tax net

Increased cost of manufacturing is the reason of declining exports


TMA HEAD OFFICE 

DATE: 2016 May 03

DAWN NEWS

IMF programme

Profit repatriation

WTO chief seeks Islamabad’s support for multilateral trading system

Budgets to be based on 7th NFC award

New formula for drawback calculation irks Prgmea

Tax amnesty deadline for traders extended

THE NEWS

‘Exports Target Unattainable’

B RECORDER

DG WTO for fixing energy issues, diversifying exports

CPI: Making grounds for tightening monetary policy?

Prgmea rejects revision of DLTL's calculation method

Banking transactions 0.4 percent WHT rate extended up to May 31

DAILY JANG

President Mamnoon Hussain will give Today FPCCI achievement awards to 64 important personalities

Traders are inactive from private sector of Pak-Iran

Pakistan should improve its manufacturing system DGWTO

FPCCI appointed Mehmood Rashid as chairman of Standing committee of Islamic Banking and takaful

DAILY EXPRESS

WTO announced to extend help to Pakistan for Pakistani exports

FBR refused to display details of tax refund

Pakistan Iran Trade is not according to friendship

Govt should bring agriculture sector in tax net 


TMA HEAD OFFICE 

DATE: 2016 May 02

DAWN NEWS

Pre-budget talks with IMF kick off in Dubai

Pakistan in global trade

THE NEWS

WTO DG Arrives Today

B RECORDER

Munir optimistic about economic Prospects

Budget strategy paper

Islamic banking

DTRE Scheme: exporters urge government to restore utilisationperiod

DAILY JANG

Forecast of severe heat wave during May or start of June temperature likely to reach at 45 Centigrade

Strict action to be announced for non-filers in budget

Commissioner Karachi inaugurated heat stroke center at KATI

Factory owners saving tax of billions of rupees by non-registration of laborers

Date extended up to 31st May in withholding tax rate 0.4%

DAILY EXPRESS

Finance Minister Grant extension by one month for tax amnesty scheme

Task force formed to ensure implementation of labor laws in Sindh


TMA HEAD OFFICE 

DATE: 2016 May 01

DAWN NEWS

Dollars in surplus after clampdown on Smuggling

Customs tariff to be rationalised in FY17

Cotton price rises Rs50

No gas shortage by end of tenure: Khaqan

Charged parking abolition likely

THE NEWS

Economic Blocks Confirm India Hesitant To Sign FTAs

SBP Calls For Commission To Probe Written-off Loans Post-1997

‘Shifting To Alternative Energy Resources Needed’

B RECORDER

Budget 2016-17: FBR to retain DTRE and manufacturing bonds schemes

Punjab government focusing on alternative energy resources: minister

FCCI, Dar to discuss budget proposals: Abid Sher Ali

Shahid Hussain Asad of IRS retires

PIAF for taking measures to control trade Deficit

Chandna made VC of FPCCI body

VTCS: Date for filing returns extended till May 31

DAILY JANG

POL products to remain constant OGRA issued notification

Voluntary tax scheme likely to extend up 31st May notification to be issued by tomorrow

FBR set all time record of collecting tax of Rs 2344 billion during 10 Months

DAILY EXPRESS

Decision to abolish changed Parking

Step  taken SRB service tax levied on property taken for rent

Next budget decision not to withdrawn concessionary SROs related to export promotion

Proposal under consideration to allow import of Fabrics legally for resolving RD dispute

Inflation will incases if gas rate enhanced for energy sector