News Clipping - Archives August 2015


TMA HEAD OFFICE 

DATE: August 31, 2015

DAWN NEWS

Unproductive visits

Making Pakistan’s trade policy relevant

THE NEWS

The debt burden

B RECORDER

ST refund to exporter: FBR yet to implement FTO's recommendation

US retailers prod China for lower prices after devaluation

Who is right?

Taxation: Can we trust parliamentarians?

FBR will select 12 percent cases for Audit

Procurement of seed cotton through TCP: textile ministry''s proposal Rejected

DAILY EXPRESS

Prime Minister will decide today reduction of POL products

Bank transaction tax circular debt increased by 91%

Biometric made mandatory for opening bank account


TMA HEAD OFFICE 

DATE: August 30, 2015

DAWN NEWS

State bank of Pakistan Public Awareness Message

Govt mulls ratifying WTO trade facilitation Agreement

Khurram lays stress on value-addition in Textiles

Sindh collected Rs1.4bn cess in July

THE NEWS

Duty on exports may hurt cotton prices: stakeholders

TRC for mitigation of FBR’s influence on assessment decision

Minister stresses for increase in value-added textile exports

‘Absence of planning destroying domestic market’

B RECORDER

Special panels to carry out forensic audit of taxpayers

FPCCI criticises approval of trade policy draft

New audit policy: Commissioners IR empowered to select max 20 percent cases

Prime Minister to meet textile industry representatives on September 11: Munir

New audit policy: FBR to introduce dispute resolution mechanism

Timely disposal of audit cases: FBR to set timeframe for taxmen

New audit policy: TY14 cases to be selected through random ballot

Dar approves three-year trade policy draft

FBR, PRA and CMOs lack coordination: mobile, internet users paying 33.5 percent ST/WHT

Banking transactions: traders'' protest against WHT to commence on September 2

DAILY EXPRESS

Country wide protest will be launched from 2nd September

Decline exports due to slow Chinese economic active   


TMA HEAD OFFICE 

DATE: August 29, 2015

DAWN NEWS

Ogra recommends 8-12pc cut in oil prices

High-denomination notes

Cabinet committee okays trade policy

Maleeha makes pitch to US investors

Exporters want rupee devalued

Muneer briefs NA body on falling exports

Weekly inflation eases

THE NEWS

Powerloom workers call off strike in Faisalabad

Will pay bhatta – not tax

Pakistan to sign UN convention for allowing transit facilities to Signatories

FBR approves new strategy to net informal economy

Govt mulls 10pc regulatory duty on raw cotton

SBP injects Rs1.075trln into money market

Pakistan at risk of losing GSP Plus status for noncompliance

B2B contact must for bilateral trade: Brunei HC

Industries urged for anti-pollution measures

Textile Asia expo today

B RECORDER

STFP 2015-18: final version approved by Cabinet's sub-body

Taxpayers' soft data: FBR agrees to provide access to AGP

Cut in POL prices likely from September 1

SBP injects over Rs one trillion into System

Boosting economic ties: Pakistan, Brunei should make joint efforts: HC

Power-loom factories to reopen

Subsidise gas, power bills to settle refund claims: NA body recommends to government

Kazakhstan: FPCCI for fast-track implementation of pacts

Textile exporters still waiting for refunds: FBR issues RPOs

DAILY EXPRESS

POL prices will be reduced by Rs 7/-per liter

Brach less banking suffered due to transaction tax

Recommended to settle refund through bills of Electricity  and gas 

Small traders agreed to close down bank transactions from 1st September

UAE stopped purchasing petroleum from Pakistan

35 Pakistan firms participating in Paris tax world  


TMA HEAD OFFICE 

DATE: August 28, 2015

DAWN NEWS

Tax on NSC

Extension sought from FBR

TIR Convention to boost connectivity

Reserves fall to $18.51bn

Exporters run for high ground as China growth story unravels

‘To get ill-gotten money in Swiss banks, Pakistan govt has to provide proof’

THE NEWS

Minister hails Pakistan’s accession to TIR Convention

Forex reserves fall to $18.508 billion

Planners asked to revisit export strategy

‘Political will required to curtail revenue leakage’

Extension in deadline demanded

B RECORDER

Middle East, African states: travel advisory Issued

FCCI elections: six candidates of corporate class nominated unopposed

New trade policy to give quantum jump to exports: Rana

Fashion industry: PRGMEA chief seeks government support

Income tax returns: KTBA urges FBR to extend Date

ISO Certification: REAP extend congratulations to FPCCI

Tax on rental services: some questions, concerns

Short deduction from WHT agent: recovery proceedings launched against units

Forex reserves dip by $146 million to $18.509 Billion

DAILY EXPRESS

Date of water bill extended by 31st August

Pakistan provided list of 400 Items for tariff concession to Iran

Businessmen panel started elections process

Reserves fall to $18.51bn


TMA HEAD OFFICE 

DATE: August 27, 2015

DAWN NEWS

Quaid in federal capital

Holidays or vacations

Dubai property slowdown due to tighter rules, not oil slump

Pakistan facing revenue generation crisis: Report

Drastic change in cash management by banks

THE NEWS

$Seven bn foreign investment in Pakistan

Pakistan plans energy, trade corridor with CARs: Nawaz

FBR stops advance tax deduction from active taxpayers

Pakistan’s equity market remains lucrative investment avenue

Sales tax zero-rating facility withdrawn from six units

SBP instructs banks for automated cash management

PCJCCI supports trade ties with China

FBR asked to extend deadline

B RECORDER

Interbank trading of cash: SBP unveils new mechanism

Individual proprietor: NTN, CNIC and business names acceptable for ATL: FBR

Monthly withholding statement: FBR proposes amendments

'Inflated' bills KE consumers feel the heat of tariff hike amid subsidy withdrawal

Gas theft

WHT on banking transactions: Traders may go for yet another strike

First-ever water management policy on the cards

Government decides to revise convention of double taxation

Economy facing revenue generation crisis: report

DAILY EXPRESS

Small trader goes united against tax on bank transaction

State bank instructed banks to modernize cash system

Strict monitoring reduces dolor value


TMA HEAD OFFICE 

DATE: August 26, 2015

DAWN NEWS

Financial market gyrations

SBP downplays rupee’s depreciation

THE NEWS

FBR warns banks of action for not depositing withholding tax

SBP asks banks to curb speculative dollars buying

FBR seeks feedbacks on WHT statement

B RECORDER

SBP sees no threat to economy

Banks asked to stop forward booking of US dollar

MCCI chief underscores need for setting up SEZs

Indicative targets to banks on the cards: Dy Governor SBP

New ECL policy: a laudable step

Imports in the garb of garments: FBR to examine used clothing

DAILY EXPRESS

Rupee deprecation state bank warns speculators

MOC opposed fixation of export target of 50 billion dollars

FBR reject the audit policy, to develop new draft guidance


TMA HEAD OFFICE 

DATE: August 25, 2015

DAWN NEWS

Tax on bank transactions Traders to decide fresh protest strategy on 28th

Applications are invited for 3rd FPCCI Achievement Awards for 2014

SEZs role highlighted

Initiatives to boost textile exports

Pakistan, Iran eye $5bn trade

Dollar’s rise unnerves currency market; rupee plunges 2.25pc

Sindh govt ready to replace 61 federal laws

THE NEWS

400 richest people lose $182 billion as market rout deepens

Sindh looking to replace 61 federal laws

Rupee plummets 17-month low at 104 against dollar

Govt urged to implement anti-graft law in true spirit

Apparel forum calls for saving exports

Textile Asia exhibition from Aug 29

‘Special economic zones must for growth’

B RECORDER

Exchange companies asked to comply with SBP rules, regulations

Textile exports: stakeholders make key demands to help arrest decline

Government draws criticism over decline in textile exports

Textile sector in crisis

LCCI holds seminar Country in dire need of maximum SEZs: speakers

Leading exporters to meet PM anytime soon: FPCCI

SSGC clarification

14th Textile Asia Exhibition to be held in Lahore on August 29

APTMA elections

DAILY EXPRESS

Bank tax transactions is correct but direction was wrong

Textile sector crisis deepens

Ibrahim Kosambi senior vice president KCCI assumed office of acting KCCI president


TMA HEAD OFFICE 

DATE: August 24, 2015

DAWN NEWS

Bank attitude

Tax crimes in ambit of money laundering law

Devolution magnet

Banks begin value-chain financing

Critical issues in water economy

A currency skirmish that was not made in China

THE NEWS

Turning sour

Safety at workplace

B RECORDER

Textile exports: 12 percent July decline raises alarm bells

Refund claims: MCCI urges Dar to fulfil his commitment

MCCI urges SECP to establish facilitation Centre

Three special economic zones set up in Sindh: Secretary BoI

Data integration by FBR

State of the textile industry

Second phase of CPFTA: zero tariff on 40 percent of products sought

DAILY EXPRESS

Gas pressure Issue will be sent to Supreme Court demanded

Committee formed to improve TDAP working

FBR made difficult to file income tax return


TMA HEAD OFFICE 

DATE: August 23, 2015

DAWN NEWS

Happy taxpayers

Banks’ attitude

Duty-free access to US markets restored till Dec 2017

Aptma elections

THE NEWS

SECP approves bodies to resolve disputes

Taxpayers’ woes continue amid problems in IRIS

‘Pressure mounts on SBP to devalue rupee’

Traders urged to exploit SAARC trade potential

Minister holds meeting at FPCCI

Gohar Ejaz group sweeps Aptma polls

‘POL price cut should benefit public’

B RECORDER

APTMA polls: Gohar Ejaz group sweeps to victory

GSP Plus Desk: FPCCI appoints Gulzar Firoz as advisor

LCCI demands further cut in POL prices

DAILY EXPRESS

Transaction tax is against govt economic policy

Exports declined in various sectors

Relief package will be announced in trade policy

POL prices be reduced in comparison with international prices

Petrol be reduced by Rs 50 liter


TMA HEAD OFFICE 

DATE: August 22, 2015

DAWN NEWS

Textile exports down 12pc

SBP perturbed over sharp rise in dollar rate

Aptma for making industry viable

Govt intervention to hurt cotton economy: KCA

LCCI against hike in gas tariff

Dar for increase in exports

EOBI pensioners to get ATM cards

THE NEWS

FIA launches probe against Gilani, AminFahim

All work, no play may give you a stroke!

Oil falls below $40 first time in six years

Rupee hits 104 at open market; SBP warns money changers

FBR to update active taxpayers list weekly

KCA opposes government intervention in cotton market

Spinning, weaving sectors urged to improve efficiency

Sindh government urged to move SC against gas shortage

SECP opens facilitation centre

FPCCI nominates adviser

LCCI urges govt not to raise gas tariff

Traders asked to diversify exports

B RECORDER

Gas tariff: LCCI urgesgovernment to avoid furtherincrease

FBR to update ATL on weeklybasis

Gatto asks businesspeople todiversify exports to Europe

One percent tax on cottonimporters: Collector contests FBR clarification to APTMA

Site industrial area facing gas supply crisis: Bilwani

Zahid Hussain for automation of tax refunds system

Government intervention to create distortions: KCA

Total input tax: new ST return disallows adjustment of two percent extra tax

SBP warns ECs against malpractices

PEPs, close family members: banks required to maintain accounts

Industrial areas: efforts on to improve infrastructure: Secretary

DAILY EXPRESS

SBP made CNIC mandatory for sale of dollars

Task force formed for problems of industrial environment in sindh

Gulzar Feroz appointed advisor for GSP+ desk of FPCCI

CNG stations will closed today 


TMA HEAD OFFICE 

DATE: August 21, 2015

DAWN NEWS

Gas tariff increased from Sept 1

Banks’ attitude

State Bank autonomy

Reserves at $18.65bn

500 vacant industrial plots to be cancelled

Current account in $159m deficit

THE NEWS

6pc raise in gas tariff for industry, CNG from Sept 1

FBR initiates drive to ensure tax return filing by vehicle owners

Current account deficit shrinks to $159mln in July

Forex reserves fall to $18.65bln

Indian government steps up rate cut pressure on RBI

Kati asked to raise issues with authorities concerned

Karachi Chamber criticises increase in power tariff

B RECORDER

SAARC member countries: Dar for incentivising formal trade

Textile industry appears to be in trouble: IPR fact-sheet

KCCI lashes out at government for allowing KE to raise tariff

Pakistan's foreign exchange reserves down by $24 million

FBR unable to issue user ID, password: Taxpayers facing hardships

Indian government steps up rate cut pressure on RBI

DAILY EXPRESS

Gas tariff will be increased by 6% from 1st September

Pakistan stressed need of integrated system of payment amongst SAARC countries 

Govt is not taking any step to for revving textile sector

Banking traction chief justice asked to take soyo moto notice


TMA HEAD OFFICE 

DATE: August 20, 2015

DAWN NEWS

Modi in the UAE

SBP says banks can’t misuse definition of ‘politically exposed person’

Dollar crosses Rs104

NA body for banning cotton yarn imports from India

THE NEWS

PHC stops SNGPL from collection of GIDC arrears

‘Rupee depreciation can curb falling exports’

PHMA rejects import duty on yarn

‘Pakistan possesses all ingredients to grow like China’

Govt support for logistics urged

SC seeks report on effluent treatment plants, S-III project

B RECORDER

Profundity of fatwas

Trade and investment: multiplicity of taxes creating problems, BoI tells Dar

Ministry criticised for decline in exports

WeBOC system to be used: FBR to collect IDC on behalf of KP government

No trade talks with India till normalization of ties: Dastgir

Falling trend in exports: 'government should devalue rupee to emulate Chinese strategy'

'Pakistan's economy has all ingredients to grow like China's'

Cut in oil prices by up to Rs 7.5 per liter Expected

Proposal afoot to bring tax evaders of Rs 10 million into AML regime: Senate body Told

Changes for refund claims: Adequate publicity be made for taxpayers' awareness, FTO asks FBR

Ultimate finished goods: PLGMEA seeks reduction in mark-up rate

Federal encroachments on provincial taxes

National Assembly body suggests package for cotton growers

DAILY EXPRESS

POl prices likely to be reduced from 1st September

Withholding tax thousand of rupees with drawn from banks

Senate committee expressed annoyance on closing accounts over night

Banks in trouble with regard to withholding tax

Stake holders meeting will be held today to promote trade with Russia

Banks being approached by customs to detect fraud exports

Meeting with Japan on tariff will be held soon 


TMA HEAD OFFICE 

DATE: August 19, 2015

DAWN NEWS

Additional weekly PIA flight for Beijing

BD protecting Rs18.5bn NBP loan defaulters

Prize bonds attracting tax-avoiding money

Nigeria wants more trade with Pakistan

LCCI slams delay in release of refund claims

Walmart earnings fall on strong dollar

International Trade Exhibition

Ombudsman delivers prompt and speedyjustice to citizens 

THE NEWS

China eases terms for Pak banks to open branches

No move to issue Rs10,000 banknote: SBP

Taxpayers face problems in registration for returns filing

FBR begins data integration to identify potential taxpayers

KCCI proposes payment of Rs20,000 with tax returns

LCCI asks FBR to release tax refunds

B RECORDER

Decline in exports FPCCI blames energy, water woes

LCCI for early release of refund claims

Traders criticise increase in power tariff

AKTI terms WHT on banking transaction 'extortion'

Wal-Mart Q2 earnings miss estimates

KCCI proposes package to help resolve tax-related issues

No plan to issue Rs 10,000 banknote: SBP

DAILY EXPRESS

Trade deficit of Pakistan with Indonesia increased by 200%

KCCI has proposed solution of withholding tax 

Towel sector expressed concern no more decline in exports

Customs act 1968 to be framed in current scenario


TMA HEAD OFFICE 

DATE: August 18, 2015

DAWN NEWS

Economic diplomacy

Dar for engaging traders to resolve WHT issue

Better banking ties key to boost Saarc trade

Devolution of sales tax on goods proposed

14th Int’l Textile Asia Exhibition in Lahore

Tax returns filing date extended to 21st

Federal govt asked to stop ‘encroaching’ on provincial tax domain

THE NEWS

Govt rejects traders’ demand to withdraw WHT

FBR-AGP row to be over soon

The real picture

A tattered economy

Provinces seek retention of extra revenue collected under sales Tax

Pakistan for cooperation to increase regional trade

FDI increases to $75 million in July

FPCCI slams NAB’s investigation

Pakistan Customs, IATA sign MoU for advanced passenger Information

Textile Asia exhibition from August 29

Apparel Forum opposes import duty on yarn

B RECORDER

Sales tax on goods: provinces eagerly eye Collection

Bank transactions: 0.6 percent WHT to be restored from October 1: Bajwa

'Exports can increase with help of good planning'

Country fetches $75 million FDI in July

Overseas remittances 'WHT on bank transactions may encourage hundi system'

Banking, finance Regional cooperation key to facilitating cross-border trade: SBP

Demand for placing RD on yarn import Criticized

Customs, IATA sign MoU

FPCCI concerned over NAB-FIA move

Tax-related issues: Dar briefed about talks with business community

FBR clarification

Let us not blur SBP's vision

Access to FBR record: body formed to take up issue

DAILY EXPRESS

K-Electric has increased 30% tariff for consumers

Steps will be taken to remove trader’s difficulties

FBR “AD”

Provinces should be authorize to levy sales tax on goods

FDI decreased by 41% during July

Govt has to take back bank transition tax 

FBR has planned strategy to collect data of customs and IR

Data extended up to 21st August for filing sales tax and excise return

Pakistan customs and IATA has signed MOU


TMA HEAD OFFICE 

DATE: August 17, 2015

DAWN NEWS

Aptma, ministry ‘embroiled’ in tariff debate

Letter from Mumbai: Indian exporters worried over yuan devaluation

THE NEWS

APTMA seeks textile industry-friendly policy

Partners in crime

B RECORDER

Country's exports didn't dwindle overnight: PEW

 APTMA criticises ministry for showing Complacency

It's still worthwhile to buy computers with Windows 7 & 8.1

WHT on bank transactions added to problems of business community: IWCCI

Real recipe for success

DAILY EXPRESS

FBR issued new income tax return form


TMA HEAD OFFICE 

DATE: August 16, 2015

DAWN NEWS

Amnesty scheme for non-filers needs legal Cover

Trading with China

B RECORDER

Canadian Pakistani acquires largest yarn distribution company

FBR issues final tax forms

LCCI elections PITAF finalises strategy

Liife, health insurance service: SRB seeks FBR''s, revenue bodies'' views on levy of 6 percent ST

Most of tax-related demands accepted: FPCCI chief

Plea to extend date of e-filing of tax Returns

Tariff reduction: power ministry reacts to APTMA''''s claim

Textile garments: benefit of duty drawback extended to exporters using PSF, ECC told

DAILY EXPRESS

Traders given concession to file Tax return up to 28Th February

Automation system of feral tax authority still ineffective

Book on weboc system available in market

Pressure on world market due to devolution of chilee se currency


TMA HEAD OFFICE 

DATE: August 15, 2015

DAWN NEWS

Dollar up 60 paisa against rupee

Online returns filing mandatory for salaried Taxpayers

IFC offers $1.2bn to power, banking sectors in FY15

THE NEWS

SBP Governor for Pakistan-China trade in local currencies

B RECORDER

Textile sector set to get major relief

Grant of licence or its renewal: SECP revises conditions for non-profit associations

''SBP Vision 2020'' launched: Wathra explains key features

Power sector reforms

'Smeda helps around 495 SME units through foreign consultants'

Water treatment: KWSB's toxic cylinders posing grave threat to life


TMA HEAD OFFICE 

DATE: August 14, 2015

DAWN NEWS

Falling exports

FTA talks with Thailand on Sept 27

Falling exports worry FPCCI

THE NEWS

IFC to invest $1.2 bn in Pakistan

Taxpayers bear double taxation on services

FBR extends withholding tax filing date

Forex reserves fall to $18.67bln

B RECORDER

SRB system: Taxpayers facing Problems

New return form: provision inserted to declare description of goods in ST returns

Pakistan, Thailand agree to start talks on FTA

Forex reserves decline by $143 million

Date for filing WHT statements extended

Cotton market: firmness develops


TMA HEAD OFFICE 

DATE: August 13, 2015

DAWN NEWS

Overvalued rupee hurting exports: IPR

THE NEWS

NA passes record six bills in single day

Pakistan, Thailand ready for FTA talks

SRB urged to update new tax rate

B RECORDER

Chinese yuan: Pakistani perspective

IPR releases 'fact-sheet': decline in exports biggest threat tomanufacturing sector growth

MCCI for striking export-importbalance

Reduction in WHT to 0.3 percent: Ordinance approved by Senate body

Traders and businessmen: FBR willing to discuss idea of fixed tax scheme

Federal Excise Duty: KTBA concerned over non-adjustment of input tax

'Not a single sector is immune from dwindling exports'

Vietnam trade delegation visits FPCCI

Have a fair taxation system

Vietnam trade delegation visits KCCI

Anti-dumping bill passed by National Assembly

Indian rupee falls

DAILY EXPRESS

After completing all formalities FBR ended E-system program

Exports demanded action against custom officials posted at air port


TMA HEAD OFFICE 

DATE: August 12, 2015

DAWN NEWS

Vitamin D deficiency

Aptma assured refunds by 30th

Iran ready for barter trade with Pakistan

PRA not given access to Customs data

EOBI to disburse pension through National Bank

THE NEWS

SNGPL, SSGC pass on line losses to consumers, PAC told

An export economy

FBR makes e-filing must for salaried persons

Govt pins hopes on imported gas to end energy shortfall

Pakistan, Vietnam discuss trade potential

Aptma warns of further export decline

Iran invites businessmen to explore trade opportunities

Lower tax rates help SRB outperform others

Extension in filing tax statement date demanded

B RECORDER

APTMA chief urges government to devalue Pakistan rupee or withdraw taxes

LCCI chief slot: PIAF nominates Sheikh Arshad

Customs, SBP finalise modalities to launch OFEM by October 1

Closure of textile mills: motion moved in Senate to discuss situation

Pakistan Business Council discusses major national issues

Free Trade Agreement: Pakistan and Thailand ready to hold talks

Taxable salary income: individuals liable to file e-returns for TY15

WHT dispute: bodies to submit proposals shortly

Festivals and exhibitions in India: trade atmosphere not suitable: S M Muneer

DAILY EXPRESS

Salaried employees to file income tax return through on line

13 Pakistani companies will participate in SHANGHAI Home Textile Exhibition 


TMA HEAD OFFICE 

DATE: August 11, 2015

DAWN NEWS

A group of traders to launch series of protests from 18th

Govt gears up for meeting IMF conditions

KTBA slams harsh measures by taxmen

Trade gap widens by 35pc

TIR Convention to facilitate Pakistan

386 firms enrolled in July

Indonesia keen to boost trade with Pakistan

THE NEWS

Pakistan, Belarus agree on closer ties in trade, defence, education

Gas consumers may have to pay for gas theft

China wants economic zones with all basic facilities

Cyber bill

Exports drop 16.9pc to $1.6bln in July

Tax practitioners call for simplification of laws

Commercial banks deduct withholding tax due to faulty ATL

SECP registers 386 companies

Entrepreneurs advised to prepare for open market

TDAP chief presents proposals

Pakistan Business Council officials discuss national issues

B RECORDER

Monetary policy body: proposed SBP bill approved by NA body

TDAP works out strategy to enhance exports: chief executive

Acting Indonesian envoy visits FCCI

Crops damaged by rains and floods: country may miss cotton 2015-16 output target

SECP registers 386 companies in July

Taliban challenge to be fully overcome in three months: TDAP CEO

IMF waivers

Prime Minister holds meeting with Businesspeople

WHT on bank transactions: minimum threshold may be raised to Rs 100,000

DAILY EXPRESS

Exports drop 17% in July

Concrete planning is under way to boost exports

SM Muneer blamed for using TDAP for election purpose

Trades to hold demonstration at FBR regional office on 18th August

Commission of industries be declared as export income


TMA HEAD OFFICE 

DATE: August 10, 2015

DAWN NEWS

Deviation from tax principles

THE NEWS

Pak economy doing betterthan US, Canada economies

B RECORDER

Traders criticise proposed increase in power tariff

TEVTA introduces RPL Programme

TDAP is free from corruption: S M Muneer

Foreign loans for budgetary support

International air travel: Punjab will take up double-taxation issue with FBR

DAILY EXPRESS

CNG stations will be closed for 3 days in current week

Pakistan offered P.T.A to Afghanistan

Falling investment textile machinery import declined by Rs 26%

Trade agreement home work with Belarus completed


TMA HEAD OFFICE 

DATE: August 09, 2015

DAWN NEWS

Belarus ready to initiate joint ventures

THE NEWS

Government mulls waiving penalty on late returns filing

‘Govt should introduce tax-friendly policies’

Switzerland 4th largest investor in Pakistan’

B RECORDER

Government urged to announce Trade Policy at the earliest

Banking transactions: small traders to form unity platform against WHT

Low gas pressure: SITE units stop Production

Unfriendly socio-economic environment:PTEA seeks government's immediate Intervention

Blacklisting of ST units: FBR, field formati ons fail to adopt uniform procedure

DAILY EXPRESS

GSP Plus status is in Limbo

Gas pressure in Industrial area is low


TMA HEAD OFFICE 

DATE: August 08, 2015

DAWN NEWS

Turkey keen to boost trade ties

THE NEWS

Pakistan, Belarus agree to sign PTA to facilitate trade

Protesting traders, leaders are out of tax net

Dar warns of high inflation

FBR targets 1.05 million income tax returns in 2015

‘Turkish consulate to facilitate Pak businessmen’

Planners advised to emulate Indian counterparts to regain market access

Hearing in TDAP scam case put off

B RECORDER

Industrial sector: FCCI chief asks Prime Minister to reduce power tariff Immediately

Tax filers: Ministry, FBR urged to look into deduction of WHT by banks

Traders protest 0.6 percent WHT on bank transactions

Khidmat Cards: SBP waives inter-switch fee on ATM transactions

FIA investigations into mega scams slow down The Federal Investigation

Pakistan offers PTA to Belarus

DAILY EXPRESS

Berlaus accepts Pakistan offer P.T.A

Opposed group agreed for joint strategly on withholding tax

Govt should accept traders demands on withholding tax

On demanding declaration of currency  big exporters levied charges of demanding brib

 Exports decreased inflation may increase further


TMA HEAD OFFICE 

DATE: August 07, 2015

DAWN NEWS

Pakistan’s taxation crisis

Reserves at $18.82bn

Govt moves to ease retailers’ fears over Registration

Issues of textile industry discussed

THE NEWS

SC hints at calling CSs, CMs over labour wages

Sales Tax panel reassures retailers over WHT

‘Banked population lowest in Pakistan’

Forex reserves hit all-time high of $18.82 billion

Global customs valuation system demanded to resolve trade Issues

Govt urged to conduct public-private dialogue on trade policy

KCCI advised to form body to analyse indenters’ tax

LCCI calls for exploring untapped markets

B RECORDER

Banking transactions: 0.6 percent WHT not possible, IMF told

Debit/credit card machines: Retailers required to obtain ST registration

World Bank told: Tax to GDP ratio to be brought to respectable level

FBR seeks to update ATL on weekly Basis

Implementation of global customs valuation system urged

LCCI chief for market, product diversification to raise exports: focus on untapped regions urged

Charge against complainant, chartered accountant/auditor: key recommendations of FTO remained unimplemented

Sales tax on services of indenters: Chairman SRB advises KCCI to form committee to analyse justification

Al-Karam Group-led consortium bids for 14 percent BankIslami stakes

Tax returns for non-filers: Business leaders agree to prepare simplified proforma: FBR

Forex reserves hit historic high

Textile sector: all ST refunds to be issued by 31st: FBR

DAILY EXPRESS

Audit to be carried out of non filers traders

2 additional tax levied on electric bills

Meeting on free trade agreement will begin again with Thailand and Iran

Forex reserves hit historic high

Country wide meeting of traders called on 10th August against withholding tax

Customs detected evasion of tax worth crore of rupees


TMA HEAD OFFICE 

DATE: August 06, 2015

DAWN NEWS

Netting the traders

Tax deduction on NSS

Tariff concessions in FTA with China sought

THE NEWS

Eating spicy food helps you live longer!

Traders observe partial strike

FBR seeks FPCCI help to detect potential taxpayers

FTO orders extension in deadline

‘Punjab aims to train two million skilled workers by 2018’

B RECORDER

APTMA raises SOS

FTO's order: vehicles verification tax payment date to be extended

APTMA to hold meeting with govt officials today

Release of Rs 136 billion collected under GIDC: Ministries undecided about request of gas utilities

All old-design banknotes being Demonetized

Leather exports decline by 28 percent: PTA zonal chief

Corridor creates investor interest

National Saving Schemes: government revises upward profit rates

No strike observed in Capital

Banking instruments: 0.3 percent WHT will not be abolished: government

WHT on banking transactions: partial but effective strike in Karachi

DAILY EXPRESS

Rs 6 Billion budget earmarked for trade policy

Pakistan demand more trade incentives from China 


TMA HEAD OFFICE 

DATE: August 05, 2015

DAWN NEWS

Traders vs FBR

Falling exports worry tanners

Foreign investors hail improved security

Textile mills defer strike for a month

THE NEWS

Govt economic policies in right direction, says Mamnoon

Traders call strike today against withholding tax

Aptma postpones strike call by a month

Indian central bank keeps interest rates unchanged

Survey shows security situation improving

‘Serious efforts needed to conduct joint ventures with China’

Leather exports decline 11pc

‘Strike calls to hurt economic activities’

Bad governance to blame for half a year of no water, the other of too much of It

B RECORDER

Dar briefed about challenges to textile Exports

APTMA defers August 7 strike to next Month

WHT on bank transactions: another traders'' strike today

Refinance schemes: SBP cuts mark-up rate, service charges by 1.5 percent

Chinese delegation visits TDAP office

K-Electric giving top priority to industrial sector: CEO

'Chinese investment to promote cotton industry'

Undistributed profit of companies: ICAP explains new tax levied through Finance Act

 TDAP failed to regularise Rs 112.6 million expenditure

No plan to freeze non-filers'' accounts: FBR

Foreign investors see security climate Improving

DAILY EXPRESS

FBR advertisement

APTMA has come under govt pressure strike deferred for 1 month

Foreign investors expressed satisfaction over security condition


TMA HEAD OFFICE 

DATE: August 04, 2015

DAWN NEWS

Real interest rate goes up

Country prepares for GSP Plus review on Rights

LCCI for finding new export destinations

Petition against withholding tax filed in SHC

THE NEWS

Mis-declaration, fraud render Rs2.6bln tax losses to national exchequer

Government urged to implement one-window regime

SHC moved against increase in withholding tax

B RECORDER

Forex accounts, remittances: banks ask FBR to clarify applicability of WHT

Pakistan makes headway in promoting regional trade

KP government bans manufacturing, use of polythene bags

ST Committee mulls deliberations to sort out issues

PITAF backs traders' anti-WHT strike

Gas companies ask government to release Rs 136 billion collected under GIDC

Imposition of WHT challenged

DAILY EXPRESS

APTMA calls general body meeting

In next review of GSP success will be achieved

APC made effective to check tax evasion

Trying to remove reservations traders on withholding tax

FBR reduced default surcharge by 3%


TMA HEAD OFFICE 

DATE: August 03, 2015

DAWN NEWS

KE billing calculations

Uproar over levy on bank transactions

Will special audit panels deliver?

B RECORDER

Do not yield to traders' pressure The travails of textile

FBR should have autonomy to spend, perform: official

The travails of textile

DAILY EXPRESS

Reform in tax system needed

FBR failed in achieving revenue target last month

Sindh traders alliance decided not to hold protest till independence librations

Lahore chamber declares POL prices in sufficient

Shortage of gas in SITE area a removed

Decline in textile exports Pakistan left behind form India and Bangladesh  


TMA HEAD OFFICE 

DATE: August 02, 2015

DAWN NEWS

Traders observe strike against new tax

KE: paying penalties

‘Taxing non-filers’

Dar offers open talks to traders on banking transaction tax

Committee formed to resolve textile issues

Business community ‘misrepresenting’ withholding tax issue

THE NEWS

Complete countrywide shutter-down observed

Only non-filers to pay WHT, Dar tells traders

Traders’ strike invokes mixed response

SBP cuts export refinance rate to 4.5 percent

FBR withdraws mandatory requirement

Unisame proposes crackdown on tax evaders

B RECORDER

Strike on August 7: government-APTMA talks end in stalemate

Surcharges, other reasons behind doubling of power bills

WHT on bank transactions: markets largely closed across country

Service providers in corporate sector: LHC admits petition against levy of 8 percent tax

Overcharging consumers during petrol crisis: Ogra imposes fine of Rs 10.7 million on 12 OMCs

China July factory growth unexpectedly Stalls

Gas pressure normalized in SITE, claims SSGC

Chinese businesspeople keen in making Investments

Delegation of Chinese entrepreneurs visits FPCCI

DAILY EXPRESS

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Karachi operation be continued till complete peace 

Govt and APTMAs negotiations failed

IMF will remove complications in Pakistan tax system

Karachi operation be continued till complete peace 


TMA HEAD OFFICE 

DATE: August 01, 2015

DAWN NEWS

Govt invites textile leaders for talks

THE NEWS

FBR collects Rs143 bn in first month of financial year

Countrywide wheel-jam, shutter-down strike today

Dar, representatives of textile mills meeting today

‘Eradication of corruption not to alleviate poverty’

LCCI urges govt to utilise maximum energy resources

TDAP chief visits SCCI

B RECORDER

Tax returns: unregistered traders offered Incentives

There is no reason for strikes: Dar tells FPCCI team

WHT on bank transactions: division among traders evident

Dar invites APTMA to mull over issues Today

MoC to support textile policy

Nominal cut in petrol prices

FBR collects Rs 143.194 billion during July

Rs 15 billion duty drawback/rebate claims pending

Tax on transfer of vehicles to be reduced by 10 percent each year: FBR

LCCI urges government to employ maximum resources towards energy sector

ST on motor spirit increased

FBR clarifies news about WHT on bank Transactions

FBR: Transfers, postings

Low gas pressure blamed: production activities in Site come to a halt

DAILY EXPRESS

Petrol diesel Kerosene oil prices reduced by Rs 1.03, Rs 2.06 and Rs 4.83, per liter respectively

One section of traders will observe strike in withholding tax while other will do business

Refund of tax on banking transaction can be claimed

Textile millers will observe country wide strike on 7th August

Lahore chamber express concern on rift between govt and business community