News Clipping - Archives December 2015


TMA HEAD OFFICE 

DATE: December 31, 2015

DAWN NEWS

‘Trade with India not to affect Pakistan economy’

Ogra suggests hike in petrol price, cut in rates of other fuels

Reminder to the prime minister

Restoring benefits

Annual hundi, hawala payments cross $15bn

China suspends forex business for some foreign banks

THE NEWS

Provision Of 60 MMCFD LNG To Punjab Textile Industry Hailed

Khattak Unveils KP Industrial Policy 2016

Govt To Receive Tax Returns Of Nonfilers Till Jan 31

FBR Finds Misuse Of Tax Concessions

China Suspends Forex Business For Some Foreign Banks

Weakened fabric of exports

Banks To Be Closed On Friday

B RECORDER

KP initiates first-ever industrial policy

Government won't suspend BES in country

UBG sweeps FPCCI elections

Business community hails UBG victory

Nawaz may announce Voluntary Tax Compliance Scheme tomorrow

Duty, tax collection: MCCs to stay open Today

Ogra recommends increase in petrol prices

China suspends forex business for some foreign banks

FBR raises limit for processing of refunds through ERS

Traders accepted income tax package with some reservations: Mir

Industrialists hail reduction in power rates

Populist posturing

The Nairobi consensus

AML law to be amended soon: Dar

DAILY JANG

FPCCI elections UBG sweep

FBR has collected in 183 days Rs 710 billion tax

Finical discipline sought 

DAILY EXPRESS

Temperature reached at 30 centigrade during December in Karachi

Traders can legalize money up to Rs 5 crore by paying 10 % tax 

Proposal to increase price of petrol by Rs 2.17, per litter

Number of heart patients around the world including Pakistan start raising

FPCCI elections according to UBG expatiations

Atmosphere favorable for fresh investment

Govt should also remove hurdles in business 


TMA HEAD OFFICE 

DATE: December 30, 2015

DAWN NEWS

Textile university hires ‘overage favourites’ on hefty packages

15th Trade Fair of the member states of theOIC In Riyadh-Saudi Arabia

Rs2.06 per unit cut for power consumers

ECO states eye smooth trade after TIR Ratification

THE NEWS

Pakistan’s External Debt Comes Down By $2 Billion During Nawaz’s Govt

National Health Insurance Scheme Finally Ready For Launch

Nepra Cuts Electricity Tariff By Rs2.06/unit

People Failing To Pay 50pc Of Bills Should Face Power Cut, Says NA Body

FIA Told To Explain Businessman’s

FBR’s rollercoaster ride

FBR Offices To Work Long On 30th, 31st

Businessmen Hail Rs3 Cut In Power Rates

B RECORDER

Investment in Dubai real estate: NAB asks FBR to verify claims of Transparency International

Cut in power tariff for industrial sector Hailed

Over 50 Russian companies mulling investing in Pakistan: trade representative

Companies Bill 2015: SECP introduces new provision for conversion of companies

Fuel adjustment: Nepra approves refund of Rs 2.06 per unit for November

Industrial consumers: Kati praises Prime Minister for reducing power tariff

Number of active SIMs increases by 1.645 million to 124.24 million

Shipping companies accused of collecting 'illegal' charges

FPCCI elections today

Munir optimistic about FPCCI election Prospects

Tax collection: FBR field offices to stay open on 30th and 31st

DAILY JANG

NEPRA approve reduction of Rs 2.06 in electric tariff

Pol prices increased by 50% in Saudi Arabia

FBR filed offices would remain open till late hours on 30th and 31st December

Reduction of electric tariff for industries is laudable

It is not possible to hold election just one day ahead

Cotton prices raised to Rs 5 thousand six hundred from Rs 3,800/-

UBG enjoys 90% majority in FPCCI election

Relief package for income tax will be welcomed   

TDAP AD on Home Textile furnishing

Electric connection will be cut of if 50% mount of bill not paid

Govt will collect tax return form non fillers up to 31st January without penalty 

DAILY EXPRESS

Budget exercise begins proposal from all stake holder sought

FPCCI election will be held today

Designated branches of banks would remain open till late hours today and tomorrow

Prices of POL and other good increased in Saudi Arabia

Reduced electric tariff for industries is laudable

Small traders supported expected relief package


TMA HEAD OFFICE 

DATE: December 29, 2015

DAWN NEWS

SBP warns exchange companies of strict Action

India’s cotton buying likely to fall as Pakistan raises imports

Extension in tax return filing deadline sought

FBR urged to improve tax scheme

Centre not interfering in Sindh affairs, says PM

THE NEWS

We Launched The Karachi Operation And Will Complete It: PM

Dar Satisfied With Revenue Targets, Measures

FBR Weighs Phasing Out Tax Concessions Under Final Tax Regime

India’s State Cotton Purchases To Plummet As Pakistan Raises Imports

SBP Asks Dealers To Curb Speculation

Textile Mills Cut Cotton Buying;await Promised Incentive-package

FBR Urged To Extend Tax Deadline

Aptma Criticises Forex Build-up Measures

B RECORDER

Industrial units: Prime Minister announces Rs 3 cut in power tariff

Nepra to notified new tariff

Dar satisfied with current fiscal situation

Economic Corridor: 27 sites identified for SEZs

GDP growth target likely to be missed: APTMA Punjab

Industrial workers: Minister issues deadline for data computerization

Textile industry: MCCI chief lauds government decision to provide 60 MMCFD LNG in winter

SNGPL network Gas shortfall reaches 1.4 BCF/day mark

Tax collection: all field offices to remain open on 30th, 31st: FBR

TDAP rejects allegation

Little or no load-shedding by 2018: President

Sales tax registration: only IR Chief Commissioners to process applications: FBR

Cut in power tariff: APTMA welcomes PM's announcement

SBP chief asks exchange firms to help stabilise rate in kerb market

DAILY JANG

We have started Karachi operation it will not left incomplete

On payment of Rs 716 one can travel on any city of Indi

Pressure reduced on Moodu Pakistan will purchase Indian Cotton

UBG condems bad language against SM Muneer

Pakistan denim exporters association extended support to UBG

FPCCI Election businessmen panel announced final list of candidates

Countrys economy moving towards prosperity president FPCCI

SM Muneer using pressure tactics Fahmida Khursar Jamali

Filer of Income tax return through e flinging reached at 5 lacs

Home delivery of Passport started

57 assistant commissioner of Inland Revenue posted at RTO and LTO

DAILY EXPRESS

PM announced relief of RS 3/ per unit in electric tariff for Industrials

Planned to tax billion of rupees to get loan from IMF

Home delivery of passport in Karachi started

TDAP started defending SM Muneer

FPCCI elections will be held tomorrow

Businessmen panel announced final list of 1st candidates

Ministry of commerce could not prepare frame work of e commerce

Banks transaction withholding tax Prime Minister will announce new scheme on 1st January

Reduction in election tariff welcomed


TMA HEAD OFFICE 

DATE: December 28, 2015

DAWN NEWS

LCCI welcomes tax amnesty scheme

Traders and taxes

Poor-led progress

AD Pakistan Textile Exporters Association

Minimum wages

Gaps in tax revenue

Escape from deflation

Outreach of financial inclusion

WTO package: a mixed bag

Rupee report: Rupee volatile against dollar

Identifying factors for falling cotton output

Saying goodbye to trade-distorting subsidies

THE NEWS

Six Gifts Offered By Year 2015

The Power Burden

‘TDAP Chief Meddling In FPCCI Affairs’

Labour Reps To Devise Plans To Implement Living Wages

B RECORDER

Chargeability of sales tax: FBR-provinces controversy irks exporters

TDAP chief's involvement in FPCCI affairs flayed

Over 100 mills shut in Punjab: rising costs threatening viability of many textile units

60MMCFD LNG to Punjab-based industry: APTMA chief hails govt decision

LCCI will welcome 'Amnesty Scheme'

FPCCI 2016 election campaign in final Stages

'Treat normal BP to save lives'

Dengue fever spreads around the world

'Pakistan has potential to increase trade with EU states'

DAILY JANG

National Tariff Commission Public Notice

POL prices likely to be reduced by Rs 4/- per litter from next month

DAILY EXPRESS

POL products prices likely to be reduced form 1st January by Rs 4.50 per litter

Expected tax amnesty scheme for business community welcomed

FPCCI elections allegations one each other at peak

Pakistan con enhance trade with Europe billion of dollar 


TMA HEAD OFFICE 

DATE: December 27, 2015

DAWN NEWS

TIP asks premier to put on hold proposed ‘tax amnesty scheme’

State Bank of Pakistan Public Notice

Govt asked to cut petrol price by Rs20

THE NEWS

BMG Not Supporting FPCCI Elections’

Govt Urged To Ensure Energy Supply

B RECORDER

Cheap energy a must for LSM growth: LCCI

BMP, UBG groups claim 'victory': election campaigns gaining momentum

World Bank missions to review reform initiatives: several visits to FBR planned between January 1 and June 30

Flight of capital, black money and tax net

Hong Kong apartment sells for record $76.7 million 

DAILY JANG

Imposition of GIDC is a difficult decision SM Munner

PCDMA extends support to businessmen panel

BMG will nether participate in FPCCI election not will support any group

FPCCI election UBG announced final list of candidates

Businessmen panel received decisive position

DAILY EXPRESS

Most of the trade association assured support to BMP

BMG neither participating in FPCCI election not supporting any one

PCDMA announced support to business new panel

New trade policy welcomed stressed on its implementation

Value added sector expressed concern on declining exports

FPCCI election UBG announced final list of candidates


TMA HEAD OFFICE 

DATE: December 25, 2015

DAWN NEWS

Burden on honest power consumers to continue: SBP

Financial information of dual nationals being shared with US

Battle between candidates for FPCCI president heats up

Wait for the fruit

Private sector credit off-take jumps by 70pc

A meagre 33,000 new taxpayers file returns

THE NEWS

FBR may extend returns filing deadline for businesses

SSGC Plans Expansion Projects In Karachi

Large Banks Not Losing Cost On Deposit Despite Low Interest Rates

B RECORDER

Overcharging by Discos: Nepra to approve refund of Rs 1.98 per unit for November

PBIF chief urges MoC to promote Meritocracy

‘New industrial policy anytime soon'

Value-added textile sector criticises poor Treatment

Where are our commercial counsellors?'

DAILY JANG

Tariff of electricity likely to be reduced

FPCCI fashion designing meeting held under the president ship Mr. Shahzad Mobeen

Business men panel demands cancelation of export award ceremony

DAILY EXPRESS

3 Lac 22 thousand people are defaulters of income tax

Companies will be bound to deliver cars to customers within 2 months

Anti-Dumping duty be withdrawn on hydrogen peroxide


TMA HEAD OFFICE 

DATE: December 24, 2015

DAWN NEWS

Traders can whiten undeclared assets by paying nominal tax

Major changes on the cards in Nepra Act

Govt collected Rs6.7bn from bank transaction tax in July-Oct

Forex reserves touch $21bn

Small cars to become affordable under new policy Jatoi

THE NEWS

PM Directs Ministry Not To Raise Gas Price

SC Orders To Stop Supply Of Subsoil Water To Industries

Industrial Land Shortage Lays Infrastructure Investment To Waste

LCCI Welcomes Lescos Move

B RECORDER

December 31 deadline IRIS glitches hampering tax returns filing

Package to be unveiled in first week of January traders meet Dar

DGI&I officers legally justified to conduct inquiry FTO

FPCCI elections BP urges Prime Minister to avoid attending Export Award functions

TEVTA offers demand-driven short courses Chairman

SSGC rationalising gas use for maximum supply in Karachi

SROs submitted to parliament

Dar orders restoration of gas supply to textile units

DAILY JANG

In 21 billion dollar reserves only 30 crores are of IMF

PM has issued instruction to increase gas prices

Business friendly govts 21/2 years Pakistan suffered loss of Rs 144 Billion in exports

31st December is the last date to apply in Hong Kong Trade Fair

New Industrial Policy to be announced soon

Islamabad high court rejects application filed against Haji Ghulam Ali

Sufficient stoke be made available in ATMS SBP

UBG leader ship will not allow to loot FPCCI fund

FBR new chairman set record of issuing 29 notifications in a day

Chief collector Rashid Rashid Shaikh will also act as DG automation 

DAILY EXPRESS

New industrial policy will be announced shortly

Standing committee of fashion designing of FPCCI hold meeting

PM expressed displeasure on increase of 38% in gas tariff  


TMA HEAD OFFICE 

DATE: December 23, 2015

DAWN NEWS

EU asked to continue Pakistan’s GSP+ status

‘SECP can force profitable companies to get listed’

FBR starts budget exercise

NTC urged to withdraw dumping duty on hydrogen peroxide

Rising cost hastens textile mills shutdown: Aptma

THE NEWS

Business community rejects raise in gas tariffs in KP

Ikhtiar Baig Denies Any Rift Among UBG Members

Over 100 Textile Mills Closed In A Year: Aptma

Delayed Containers’ Grounding Disturb Export Consignments

FBR Invites Tax Proposals For Budget

Govt To Introduce Law To Take Over Benami Bank Accounts

B RECORDER

Chinese delegation visits FCCI

Pakistan, China sign MoU to enhance investment & trade

Rupay ko Pehchano' SBP launches videos and smartphone app

'Laws being formulated to meet EU conventions'

Government urged to review policy of suspending mobile services

No loadshedding from 23rd to 26th: KE

Taxation woes

82 percent of drinking water not safe for consumption: National Assembly body informed

High cost of doing business hitting textile industry: APTMA chief

DAILY JANG

Govt To Introduce Law To Take Over Benami Bank Accounts

Non-filers will file income tax return up to 31st January

Waste products association extended support to businessmen panel

Fahmida Kausal Jamli and Ahmed Jawad ousted from UBG

Banks financial institutions stock markets and chambers will remain closed on Thursday and Friday

Abdur Rahim and Dr Mirza Ikhriar Baig contracts differences 

DAILY EXPRESS

Pakistan contacted china and other countries to re-visit FTAS

Cost of doing business in Sindh 11 textile mills shut down


TMA HEAD OFFICE 

DATE: December 22, 2015

DAWN NEWS

PRA brings foreign firms within sales tax Ambit

Suspect held in Vienna in case involving two Pakistanis

Taxing the rich

Textile exports fall by 8.4pc

‘WTO decision on export subsidy to benefit farmers’

Thousands of factories cut production as Beijing smog persists

BD court orders arrest of 24 people on murder charge over factory collapse

THE NEWS

Gas supply for Sindh industry goes up by 33pc from 2002-2012

Out of gas

Traders, FBR agree on package

‘Only one million people in Pakistan pay taxes’

FBR reviews procedures to stop banned goods’ movement

‘Local investors wary over media trials’

‘Committee to address reservations’

Extending Convenience

B RECORDER

Consumers can sell extra power to Discos!

Finance secretary says bank levy issue to be resolved soon

Petrol prices may be cut by up to Rs 4.5

FCCI chief lauds proposed incentives for non-filers

Traders worried over non-release of ST Refunds

SRO 608: Body to be formed to address reservations: special assistant to Prime Minister

Bangladesh court accepts Rana Plaza murder charge sheet

Jatoi vows full support to businesspeople

JI flays rise in electricity tariff for Karachiites

'Pakistan-German Chamber' being Launched

India introduces bill for bankruptcy law in Parliament

WTO ministerial meeting Pakistan gets positive results

Separate rates of import tax: FBR asks project director to amend WEBOC system

Presumptive tax crippling compliant Taxpayer

Companies Act, 2015 - Audit Oversight Board

DG Rangers assures traders: operation will continue for greater peace

Cotton estimates secretly revised downward!

DAILY JANG

Summary for reducing Pol prices by Rs 4/- per liter

FBR and traders agreed on package

Govt has announced 4 holidays in current week

Business panel has no concrete manifesto

Policy of closing mobile service in sensitive areas needs to revisit

FPCCI vice president left for Colombo to attend regional conference

Hike in electric tariff be immediately withdrawn

Gas crisis

DAILY EXPRESS

NADRA AD

FIA immigration started harassing overseas passenger

FBR has asked to prepare last of withholding agents

FBR is harassing through raids

WTO has stopped subsidy on agriculture


TMA HEAD OFFICE 

DATE: December 21, 2015

DAWN NEWS

Tax collection

SBP autonomy: theory and practice

THE NEWS

Gas crisis worsens in Punjab

The case of the missing returns

Trekking In Debt

B RECORDER

APBUMA flays government for suspending gas supply

Illegal transfer of property: DG Excise and Taxation, others booked

Tax rules and business climate

SBP's annual report and exports

Easier to trade bilaterally than under SAFTA - Rajan Ratna, UNESCAP

New taxation measures: 20,000 containers stuck as importers reluctant to clear consignments

DAILY JANG

Machinery gutted in fire in denim Factory in EPZ

Gas crisis reached to its peak in Punjab

DAILY EXPRESS

In spite of payment of 20 billon dollar pressure on foreign loans not reduced

Cotton prices remain stable in spite of low demand

Sui southern gas started taking steps to overcome shortfall

Khurram Dasgir returns back trade policy likely to be announced today


TMA HEAD OFFICE 

DATE: December 20, 2015

DAWN NEWS

WTO abolishes agricultural export subsidies

Dollar reigns despite Dar, SBP attempts

Elusive property prices evade middle class buyers

THE NEWS

Gas to cost more for Punjab, KP consumers

IMF grants waivers, sanctions 10th tranche to Pakistan with strings

Committee formed to probe use of fake stamp papers in property deals

Regulatory authority to review RLNG prices on 28th

Government urged to reduce sales tax rate

SSGC steps up efforts to reverse low gas supply situation

Pak businessmen invited to explore Russian market

Indian govt to push for bankruptcy law

B RECORDER

Effective next month: no relief for SSGC consumers despite Ogra reduction

ICT service providers: FBR working on different strategy to collect Rs one billion ST

Mehbub Memorial Lecture: factors adversely affecting investor sentiment

US regulators limit Pakistani bank's dollar clearance business in New York

D-8 & ECO meetings: President FPCCI leaves for Turkey to represent Pakistan

Government urged to make taxation law easier, remove ambiguities

Pakistan's stand on agriculture

Business leadership

DAILY JANG

Electric and Gas load shedding

Negative election campaign will not full fill dream

Pakistan Business men should take benefit of Russian Markets

PHD chamber will hold 1st time Indian expo at Islamabad

DAILY EXPRESS

IMF approves loan to Pakistan

Income tax audit come to halt due to problem in F.b.r system

Pakistani Business men should take benefit of Russian Markets

Indian want to hold made in India exhibition at Islamabad

Large scale manufacturing increased by 4.21% during July-October

S.M. Muneer is responsible in drop of exports.

Leather Garment Expoters suppots U.B.G

Refund still not received in spite of finance Minister Promise


TMA HEAD OFFICE 

DATE: December 19, 2015

DAWN NEWS

APLE FASHION ACCESS

IMF completes 9th review of Pakistan’s economic performance

C/A deficit exceeds $1bn

Indian move at WTO blocked

Cotton production falls 32pc

US Fed slaps partial ban; HBL says its NY branch operational

THE NEWS

IMF approves $500 million tranche for Pakistan

Pakistan rejects amendments in WTO Agreement

Current account deficit shrinks to $1bln in July-November

LSM posts 4.21 percent growth in July-October

Taxpayers moving courts against tax on royalty

LCCI, Korea to boost trade

PIEDMC receives extra applications for industrial estate land

Allotment of industrial plots cancelled

‘FBR moving in wrong direction’

EU urged to continue GSP Plus status for Pakistan

B RECORDER

$498 million tranche approved by IMF''s Board

South Korea looking forward to strengthening trade ties: Ambassador

EU urged to continue GSP Plus facility for Pakistan

APTMA's woes

KCCI's 'My Karachi' exhibition to be held in March

Slump in international market: PITAF urges government to reduce oil prices

DAILY JANG

Exporters in serve finical crisis due to nonpayment of customs rebate 

7 to 8 lac visitors expected in my Karachi exhibition

SITE ltd canceled 83 industrial plots

PADFA has supported business panel in conditional

Contempt of court against SM Muneer

US reserve board has stopped expansion of business by HBL in New york

Trade policy New Targets

DAILY EXPRESS

IMF approves 50 crore dollar installments to Pakistan

Cloth and other goods gutted in towel factory fire

Pakistan has challenged Indias unconditional law in WTO 

Politics is going on rangers powers in Karachi

SITE LTD has cancelled 83 industrial plots

Government of provide all possible assistance to textile sector

Approved of new trade policy


TMA HEAD OFFICE 

DATE: December 18, 2015

DAWN NEWS

Afghanistan becomes WTO member

Foreign investment slightly improves

Italy to reopen trade office in Karachi

Millions of Bangladesh garment workers at risk, despite safety efforts

THE NEWS

PM approves three-year trade policy

FBR initiates drive to determine unpaid tax volume

Govt Revises Down Cotton Forecast By 600,000 Bales

Pakistan Attracts $540 Million In July-November

‘Plenty of room to improve trade’

TDAP meets Polish ambassador

Bodies formed to resolve issues

FIA arrests ‘online fraudster’

B RECORDER

Industrial policy approved by KP cabinet

Value-added textile sector: Bilwani for release of customs rebate, ST refunds

Forex reserves reach historic high level

Swedish envoy urges businessmen to diversify exports

Millions of Bangladesh garment workers at risk, despite safety efforts

India central bank announces new rules for how banks can set lending rates

FBR collection: startling facts

Traders rally against Sindh government for curtailing Rangers' powers

Pakistani bank accused of failing to follow US money laundering laws

July-November FDI up nine percent

DAILY JANG

NEPRA gave approval to K-electric to increase electric tariff by 0.54 paisa per unit

Prime Minister approves 3 years trade policy

Decisive negotiations between traders and FBR will take place today 

DAILY EXPRESS

Export target for next 3 years fixed to 95 billion dollars

Foreign investment increased by 15.4 crore dollar during July-Nov

Forex reserves reach historic high level

Pakistani businessmen should promote nontraditional exports


TMA HEAD OFFICE 

DATE: December 17, 2015

DAWN NEWS

Senate committee demands withdrawal of new Taxes

State Bank on exports

‘Tax rules worsen business climate’

Banks still investing in govt papers

Solar tariff cut by 27pc for new plants

Online hotel booking in Pakistan ‘set to grow’

Traders plan Sindh PA siege against curbs on Rangers powers

THE NEWS

Senate Body Seeks Withdrawal Of Rs40 Billion Taxes ThroughMinibudget

Traders to protest outside PA today

Committee on implementation of TRC proposals likely to start work next month

PAJCCI hails Afghan decision to grant multiple visas to Pak businessmen

‘WHT issue to be resolved by Dec 31’

Inactivity at returns filing portal

B RECORDER

Concessionary SROs to be withdrawn: FBR

Rs 40 billion extra taxes: government takes a flak from Senate panel

North, South regions: Nepra unveils new upfront solar tariffs

Traffic jams in Karachi causing huge fuel Losses

Zong brings free internet in partnership with Facebook

35 percent sales tax: LTU accused of harassing Chinese company

The government's claim of saving Rs 560 Billion

The grave export challenge

The criticality of economic corridor

Non-filers: government, traders finalise tax incentive package

DAILY JANG

Oil prices in international market reduced

Govt of Pakistan will not announce tax amnesty scheme

Made possible for SAARC chamber to provide Rs 25 crore

UBG has now become an institute

There is scope of expansion of trade between Pakistan and Malaysia

Switzerland has issued list of inactive bank account 1st time in the history

Entire industrial sector is at downfall

Package of textile sector 2015 has been extended up to 2016

DAILY EXPRESS

PIA reduce domestic Air fares

Govt and traders agreed on withholding tax

Solar panel for next 6 months advance tariff will be reduced by Rs 5/- per unit

Services tax issues will be discussed today between province and central

Withholding tax issue will be resolved up to 31st December

Alligators will get reply ton 30th December

FPCCI election business pane has announced list of candidate


TMA HEAD OFFICE 

DATE: December 16, 2015

DAWN NEWS

Textile woes again

Pakistan will not support any ‘anti-farmer’ decision at WTO

‘Access to Finance’ survey launched

Ajman Free Zone opens first office in Pakistan

THE NEWS

Pakistan Striving To Become The Economic Hub For Central Asia

Sindh seeks goods tax collection Authority

SBP launches Access to Finance Survey

Nishat Mills Keen To Acquire Fesco

Ajman Free Zone Authority opens office in Karachi

'Govt must ensure check and balance'

B RECORDER

FBR clarification

Double taxation issue: meeting with FBR chief next week: SRB

Super Tax, manual returns: FBR moves SC against SHC judgement

Ajman Free Zone Authority opens officein Karachi

SBP Governor unveils 'Access to Finance Survey 2015' results

Tax structure and culture

Companies Act-2015 - Audit Oversight Board

''No special treatment be given to Islamic banking for taxation'': CA firm urges Dar to direct FBR

DAILY JANG

Lack of coordination on taxation issue between center and provinces

SM Muneer got permission to take part in FPCCI election

DAILY EXPRESS

Rate of sales tax in Sindh will be reduced by 10%

Ajman Free Zone Authority opens office in Karachi

WTO ministerial meeting begins at Kenya

Pakistani businessmen invited to invest in Thailand


TMA HEAD OFFICE 

DATE: December 15, 2015

DAWN NEWS

100 textile mills ‘ready’ for closure

‘Militancy threatens Bangladesh economic growth’

Industry may be allowed to share surplus captive power

Competition law explained

ADV FBR

THE NEWS

Happy forex?

Banks Robbing Us

FBR Detects Hundreds Of Fake CNICs

More Textile Mills Threaten To Shutdown

APBF Seeks Government Support To Promote SME Sector

Pakistani, Iranian Entrepreneurs Urged For Joint Ventures

Ban On Industrial Gas Connections In KP Slammed

APPEAL

B RECORDER

FBR takes major decisions to resolve ''IRIS'' issues

Businessmen urged to expedite joint ventures with Iran

APTMA fears complete closure of mills before end-December

Companies asked to maintain information on websites in Urdu

REAP, FPCCI appreciate services of Rangers

Businesspeople want Rangers to stay with unfaltered policing powers

PBEA Patron-in chief congratulates Haleem Siddiqui

FBR clarification

Validation of NTNs on database: CEO of PRAL summoned by FTO's office

Draft Company Law-2015

New policy being prepared: captive power plants to be allowed to sell excess electricity: Asif

DAILY JANG

Restriction imposed on S.M. Muneer in interfering FPCCI election

Motor vehicle tax checking be extended in whole city

DAILY EXPRESS

APTMA has been given mandate on closure of textile mills

Evasion of Rs 30 billion in gas theft will be recovered from consumer paying bill

Economic revolution will come in region due to corridor

Builders and industrialists formed alliance for obtaining power for rangers

America is the biggest market for Pakistani products


TMA HEAD OFFICE 

DATE: December 14, 2015

DAWN NEWS

Exchange rate volatility

Squeezed breathing space for industry

Political economy of new taxes

Exports: is anyone in charge?

THE NEWS

EOBI Devolution

50pc Hike In Gas Tariff On Cards From Jan 1

The shrinking fabric

B RECORDER

Bangladesh economy could grow 8 percent in next four years: WB economist

SBP's annual report: some critical insights

SECP warns ISE against Miscommunication

DAILY JANG

Gas tariff likely to be increased by 50% for 1st January 2016

Way Pakistan exports on decline

DAILY EXPRESS

State bank launched road map for increasing exports

Khurram Dasgir left for Kenya


TMA HEAD OFFICE 

DATE: December 13, 2015

DAWN NEWS

State Bank’s annual report

Poor sanitation costs Pakistan $4.2bn

Dar seeks stakeholders’ help to boost economy

Policies to absorb skilled labour needed: SBP

US to increase investment in Pakistan

THE NEWS

Forex reserves to exceed $21 bn by month-end: Dar

The economy report

Pak external debt may rise to $90 bn in next four years

India, Japan agree bullet train, other deals

‘US to expand trade ties with Pakistan’

Desperate measures

Declining investment inflows

LCCI invites Chinese investment

B RECORDER

Over eight percent growth needed to absorb labour force: SBP

Government borrowing limits space for credit flow to private sector: SBP official

Industrialists, traders vow support to SindhRangers

Global transit system: Customs stations to be declared as 'TIR Carnet operations'

Investor grievances: Listed, non-listed companies must display information on websites: SECP

DAILY JANG

 Allegations against S.M. Muneer irrelevant

 HLLEM SIDDIQDUE sets new trend in shipping Industry

DAILY EXPRESS

 2015 Pakistan Economy is towards improvement

 SBP rejects chances of devaluation in Pakistan

 FPCCI is in favor of extension of rangers stay

 KATI also demanded extension in rangers

 Business men panel requests KCCI FOR SUPPORT


TMA HEAD OFFICE 

DATE: December 12, 2015

DAWN NEWS

SBP finds weaknesses in economic policies

Gas supply to textile industry suspended

ANF to resolve consignments’ issues

Credit-to-GDP ratio lowest in region: SBP

SECP enlists 494 companies

China cuts yuan to over four-year low

THE NEWS

Law, order improved, economic growth to speed up: SBP

Devolving labour

Huge incentives for mobile, telecom companies approved

IMF rejects proposal to introduce single stage GST

‘Low tax collection trims development expenditures’

FBR mulls cut in corporate tax rate to 25pc by 2023

KP, Punjab must learn from each other for better industrialization

EPA to start environmental survey of Hub industries

‘ANF plays facilitator’s role for businessmen’

B RECORDER

Exports: SBP for fundamental shift in Policy

Country can benefit from CPEC, US deal with Iran, low interest rates, security: SBP

Reasons behind low growth Highlighted

Banks asked to diversify loan Portfolio

Draft law: Companies except banks can retain members'' deposits

PTEA voices concern over gas suspension

APBUMA chief terms CPEC a game changer for region

Tax regime under IRIS incompatible: OICCI

Hub Industrial Area: environmental assessment of industries directed

SECP registers 494 companies last month

India's industrial output growth hits 5-year High

Planning Commission's admission of Failure

Single-stage sales tax: FBR to verify data in light of IMF input

DAILY JANG

UBG setup federation elections cell

DAILY EXPRESS

Pakistans economy performed well on 2015

IMF rejects proposal to introduce single stage GST

State bank declared difficult target of tax collection of Rs 3104 billon

TDAP hold meeting on mishandling of exports consignments 


TMA HEAD OFFICE 

DATE: December 11, 2015

DAWN NEWS

Reserves increase to $20.45bn

Merchandise exports dip 14pc

SEZ Ordinance promulgated

IMF board meets on 18th

Strategy for WTO ministerial finalized

Texpo 2016

THE NEWS

Pakistan may say goodbye to IMF programme next year

Sale of plot: Four SITE members get Notices

FBR to take action against tax dodgers in next fiscal year

SECP seeks comments on new corporate law

Trade deficit shrinks 4.5pc to $9.93bln in July-Nov

Forex reserves rise to $20.45bln

Manufacturing sector grows with slow pace in November: survey

B RECORDER

Forex reserves cross $20 billion mark

Economic Zones: ordinance promulgated

SRO 1065(I)/2013: FBR clarifies tax incentive package

Textile package: inordinate delay hitting industrial sector: PRGMEA

SECP seeks comments on draft Companies Bill-2015

Pakistan to seek Cairns Group's support at WTO meeting

Experts advocate free trade among South Asian countries

Economic corridor: dream with eyes wide Open

Unjust taxes and inequalities

Sale/purchase record: Income threshold enhanced to Rs 0.5 million

Country wasting water worth $18 billion annually: Irsa

Exports decline by 15.12 percent in November

Senate body rejects draft of Trade Policy

DAILY EXPRESS

Exports decline by 15.12 percent in November

Garment exporters’ demands early announcement to textile package

White money scheme going to be launched for non-filer

Forex reserves rise to $20.45bln

Revenue loss of Rs 1.28 core to non-up gradation of IT system

Allegations against SM Munner baseless 


TMA HEAD OFFICE 

DATE: December 10, 2015

DAWN NEWS

State Bank on CPEC

A whiff of honesty

Bank profits

Pakistan reluctant to include India in APTTA

Netherlands to help strengthen TDAP

THE NEWS

India seeks land route for trade with Afghanistan

Electricity defaulters’ cases sent to NAB for recovery

Rethinking IMF programmes

Floating exchange

State Bank sees Riba and interest as one and the same

FBR restores ADRC to settle tax dispute out of court

SECP orders listed firms to appoint share registrar

FBR asks businesses to maintain books for six years

‘Corruption widespread in Pakistan due to weak institutions’

Plenty of room for growth in Pak-US trade ties: CG

FBR detects zero-rated ST misuse Case

Gas suspension decision deplored

Delay in textile package lamented

TDAP for benefitting from trade potential with Russia

KTBA highlights issues in e-filing corporate income tax returns

B RECORDER

New tax steps bring government one step closer to tranche: IMF Board to meet on December 18

Revenue, documentation objectives: FBR can benefit from record of investigative studies

Business income: taxpayers must maintain books of account for 6 years

US CG urges to increase trade volume

APTMA warns of massive unemployment if SNGPL disconnects gas supply

TDAP, CBI sign memorandum of Cooperation

Joint initiative launched: DG I&IIR and RTOs to check sales tax evasion

Various sectors: CCP probing several cases of cartelization, deceptive marketing

Tax system: 'Culture' of exemptions, loopholes causing loss of Rs 900 billion annually: Pasha

Electricity surcharges: SC grants leave to appeal against LHC decision

DAILY EXPRESS

Business income: taxpayers must maintain books of account for 6 years

Agreement between TDAP and European organization sign in the presence of commerce minister

Free trade agreement with turkey.  Govt should adopt positive approached

Stability in south Asia is not possible without Pakistan Brian Heath

Planning commission will also prepare vision 2025

Terminal tax is not levied on foreign traveling

APTMA fared of disconnection of gas to textile mills in Punjab 


TMA HEAD OFFICE 

DATE: December 09, 2015

DAWN NEWS

Dollar’s uptrend loses steam; rupee gains 2pc in two days

FBR assures early payment of refund claims

‘India benefiting from Pakistan GSP+ status’

Honda raises prices

Japan poised to build India’s first bullet train

THE NEWS

Rupee surges one percent as dollar supply increases

Trade consignments’ clearance slow in Pakistan: ADB

Pakistan among top five countries in GIFI

Emirates facilitates Pak travellers to US

Biometric system launched

Opposition boycotts NA against PIA sale, new taxes

B RECORDER

Draft Companies Bill 2015: AOBP to get powers to regulate auditors and impose fine

Global Index on Financial Inclusion: Pakistan ranked among top five states

KE's request to increase tariff on account of FCA: Nepra's decision to hold public hearing in Islamabad irks consumers

Refund claims: textile exporters assured of Payment

FBR urged to appoint technical person as PRAL head

TDAP to hold textile exhibition in April

Promulgation of Ordinance, new taxes: opposition in National Assembly stages walkout

New Companies Bill lays down rights, duties of auditors

PC admits failure to address structural challenges of economy

The Fund and our economic prospects

Draft Ordinance: Companies to be divided into three categories

FPCCI hails World Bank's role in socioeconomic uplift of Pakistan

DAILY EXPRESS

Ishaq Dar will not attend meeting with IMF chairman FBR left for Dubai

Global Index on Financial Inclusion: Pakistan ranked among top five states


TMA HEAD OFFICE 

DATE: December 08, 2015

DAWN NEWS

Number plates

Traders urged to work out procedures for availing Safta

IT collection through demand creation rises 43pc

Bangladesh extends jute export ban Indefinitely

China forex reserves near three years’ low

THE NEWS

Biometric verification system for Internet services launched

Sri Lankans for joint efforts to boost mutual trade

Climate change dents cotton output in Punjab

FBR to issue active taxpayers list on January 5

Extension in BD’s jute export ban irks Pakistan’s millers

Cotton falls to two-month low on depressed demand

Common economic agenda need of the hour: experts

‘Sino-SAARC coalition to be new force of economic development’

B RECORDER

Bangladesh bans raw jute export Completely

Vast scope exists for expansion of trade with Pakistan: Sri Lankan businessmen

'Tool' of indirect taxes reused for additional revenue: PAMA

TDAP focuses on non-traditional markets to enhance exports: Muneer

Pasha for signing FTA with Turkey

IMF's EFF: no sustainable growth in sight, says expert

Rival groups in FPCCI at loggerheads over ECO-CCI presidency

Greater focus on exports

New trade policy soon: minister

Dar says new taxes only on imported,nonessential Goods

DAILY EXPRESS

Electricity is more expensive in Karachi increase of 0.53 paisa per unit approved

Flaw in online tax systems

FPCCI delegates to visit Iran and Turkey

BD imposed ban on export of jute indefinitely


TMA HEAD OFFICE 

DATE: December 07, 2015

DAWN NEWS

Rs40bn mini-budget

Mismanaged country

Sacked factory workers protest

Changing investors’ mood

The foreign investment dilemma

Export policy in limbo

THE NEWS

Tightening pains

Exports trouble, too

B RECORDER

SBP governor's remarks on CPEC: Clarification

Trade officers: Summary sent to Prime Minister

WHT on banking transactions: Dar to communicate clear policy by December 12: FPCCI chief

WHT on banking transactions: business community concerned over 'upward revision plan'

Bangladesh exports up 13.73 percent

SAARC Fair, WEXNET Exhibition Conclude

Dar's claims

'It's time to blame PM': MoF's response

Immovable properties: FBR compiling database of declared values

DAILY EXPRESS

Traders welcomed local bodies’ election

Country’s infrastructure and energy sector will be benefited by corridor

Minibudget has shaken infrastructure foundation 


TMA HEAD OFFICE 

DATE: December 06, 2015

DAWN NEWS

State Bank, finance ministry want dollar rate cut by Rs2

Govt to allow imports of new products

Economic cooperation among Saarc members stressed

”AD” of Home Department

THE NEWS

Pakistan, IMF to discuss single stage tax proposal in Dubai meeting Tomorrow

Customs audit department discontent with recovery

Pakistan should be more transparent on $46bn China deal: SBP governor

Pakistan advised to refrain from emotionality in FTA with Turkey

B RECORDER

Government needs to be more transparent on $46 billion China deal: Wathra

Forex market: Dar tells FBR to curb illegal trade practices

Single Stage Sales Tax: tax managers to give presentation to IMF

APTMA Punjab agrees to shut down mills once-a-week

TDAP HELP DESK 

DAILY EXPRESS

APTMA to observe weekly strike against govt indifferent attitude

Saarc Secretary General visited Lahore Chamber

Dialogue with IMF to get release new installment of 55 Crore Dollar


TMA HEAD OFFICE 

DATE: December 05, 2015

DAWN NEWS

Cotton collapse

Banks not doing enough to deliver forex Services

Cash assistance planned to boost non-textile Exports

Cotton market lacks buying interest

Ogra allows gas tariff hike to recover losses

THE NEWS

Domestic gas consumers govt’s top priority: secretary

Sale tax rebate scam points to complicity of FBR officials

Aptma to discuss mills weekly closure today

SAARC Trade Fair a peace initiative: minister

Shares offering at a discount exceeding 50pc to be barred

Sindh’s per capita income slips: report

Economists fear Dar’s optimism not enough to attract investment

New tax measures deplored

B RECORDER

Banks asked to fulfil legitimate forex needs of individuals

US government encouraging companies to invest in Pakistan: Dar informed

Trade within Saarc moving forward: Dastgir

Failure of cotton crop to deepen crisis: APTMA Punjab chapter

APTMA to consider once-a-week shutdown of mills in Punjab today

Cotton rises, hits six-week high on export report, weaker dollar

Dar's mini-budget

'FBR's circular debt!'

DAILY EXPRESS

Economy should not be linked with politics Dar

Indus Motor Company has increased cost of car by Rs 15 To 30 Thousand

Institutions has thrown in wind Govt instructions to facilitate Trade

Confidence of investors has increased by 4% during 6 months

SAARC Trade Fair begins

Perception to be improved for making Pakistan on progress


TMA HEAD OFFICE 

DATE: December 04, 2015

DAWN NEWS

Economy to take a big hit as cotton output plunges 29pc

Reserves slip

Exim Bank to be made functional this fiscal Year

Working group set up to develop e-commerce

IMC raises car prices

OICCI’s business confidence index rises to 22pc

THE NEWS

Rs40 bn taxes slapped to make up for shortfall in FBR target: PPP

Forex reserves down 0.04 percent

Confidence of overseas investors improves by four percentage points

LCCI demands ban on rallies

WeBOC to help SMEs the most

‘Banks will battle digital entrants’

B RECORDER

Pakistan, China fail to finalise second phase of FTA

Rough patch for leather

Over 8.631 million bales of cotton reach ginneries: PCGA

OICCI Business Confidence Index: Business sentiment sees significant Improvement

Hub industrial area Solid-waste management system planned

Economic issues: FCCI chief accuses government of non-serious attitude

APTMA urges MoC to slap RD on synthetic yarn

Sindh government intends to enhance trade with Belarus: SBI chief

Communist China's yuan in elite currency basket!

FBR's circular debt!

'Aliens' evading taxes

Launch of Exim Bank in the offing

Draft Companies Bill 2015: listed companies empowered to purchase own shares

DAILY EXPRESS

Balance of payment will be improved through new taxes

Dialogue on bank transaction tax reached at decisive stage

Irregularities begin trend of increasing customs revenues

Forex reserves reached at 19 billon 81 crore dollars   


TMA HEAD OFFICE 

DATE: December 03, 2015

DAWN NEWS

Unforeseen revenue measures

Loans & extravagance

Financial market gyrations

Pakistan now a safe place to invest, says Minister

FBR finalising new rules for audit

LPG price increased

Reserves to touch $21bn soon: Dar

Mini-budget tilting system towards indirect Taxes

THE NEWS

FBR records 33 pc growth in tax collection

Mian Mansha declared foreign property: Ferguson partner

Withholding tax to be restored to 0.6pc from Jan 1: sources

Mill use in Pakistan to fall 10pc to 2.2m tons: ICAC

FBR issues draft rules for special audit panel functioning

Dar directs FBR to ensure 20pc revenue growth in FY16

‘Govt not raising taxes amid fears of backlash from affluent’

‘Mini-budget precursor to more indirect taxes’

FPCCI chief seeks Chinese investment

B RECORDER

LTUs and RTOs to assign jurisdiction of Taxpayers

Experts stipulate steps aimed at boosting Exports

Dar asks FBR to achieve revenue target

Mini-budget: IPR 'fact-sheet' raises the Alarm

Textile woes: MCCI sends 'SOS' to Government

FPCCI, Chinese delegation sign six Agreements

Watch for US recession, zero interest rates in China next year: Citi

Number of active SIMs reaches 122.595 Million

Businesspeople reject RD on imported Goods

Zahid Saeed concerned at rising circular Debt

Jawad for steps towards promoting Pak- Iran trade

Dr Khurram Tariq new central chairman PHMA

'The money that prays'

Draft Companies Bill 2015: SECP introduces provisions about companies' names

Competitive products for global markets: Pakistan, China can jointly work on industrial ventures: Ahsan

NPLs exceed Rs 21 billion in 9MCY15

DAILY EXPRESS

Govt Sindh has appointed Zuhair Habib CPLC chief

Govt has taken right to live from poor

Dollar reached to RS 108/- after mini budget

Textile industry is passing through its worst stage

Indonesia wants to import Mango dales textile from Pakistan


TMA HEAD OFFICE 

DATE: December 02, 2015

DAWN NEWS

Nepra reduces electricity tariff

Rs40bn fresh taxes to be spent on IDPs’ rehabilitation: Dar

Devolving labour

Remittances transfer

Panic takes its toll on currency market as dollar nears Rs108

Pakistan helps cut India’s cotton glut

China’s yuan success hinges on reform despite IMF move

THE NEWS

Govt has made every commodity costlier: Khursheed Says people are being given only lollipop

Long-term policy stressed for revival of textile industry

Taj Mahal ‘not a Hindu temple’: Indian govt

NA to witness united opposition against mini budget

Tax imposed on luxury items, imports only, claims Dar

India keeps interest rates unchanged

Govt criticised for mini-budget

‘Addition of new capacities in power mix not to alter cost’

PCJCCI chief suggests building China style industrial zones

B RECORDER

Businesses irked by taxation measures

Only rich people targeted: Dar

Regulatory duty imposed on import of 400 Items

Opposition rejects new taxes

Textile industry's frustration deepens

PCJCCI for Chinese-styled symbolic industrial zones

BlackBerry, PTA agree to resolve access Issue

Fuel adjustment: Nepra approves Rs 1.81 per unit refund for October

Resolving disputes through mediation: Draft Companies Act 2015 provides facility to companies: Hijazi

FBR notifies non-applicability of one percent duty on certain goods

Call for urgent resolution of WHT issue

Banks' brilliance

The 'out-of-the-box' solution

Incentive package for traders: tax rates may be fixed on flat turnover basis

DAILY EXPRESS

KCCI expressed concern on imposition of regulatory duty

Profit on saving scheme reduced by 0.5% announced

Preparation to introduce value added tax in Pakistan again

New tax of Rs 40 Billion is suicide bomb on country economy

View point on reservation of European Union presented by ministry of commerce

Custom agents expressed concern on blockage of NTN and show cause notice 


TMA HEAD OFFICE 

DATE: December 01, 2015

DAWN NEWS

Rs40bn new taxes in ‘mini-budget’

No change in petrol, diesel prices in Dec: Dar

Devolution plan ‘rollback’ displeases Senate Chairman

Oil trickles up

Circular debt, or bad debt?

Carmakers not passing on cost benefits to Buyers

Govt delays tax amnesty scheme for traders

Revenue collection rose 27pc in November

THE NEWS

Prices of petrol, HSD to remain unchanged

Imports taxed to collect Rs40 billion

The deepening textile crisis

More taxes

FBR to start biometric verification of registered sales tax payers

Customs agents facing hardships in filing goods declaration

BlackBerry delays Pakistan shutdown

KSE warns non-compliant listed companies of punitive action

Exports sector faces liquidity crunch

‘Man-made yarn hurting textile sector’

B RECORDER

Dar''s mini-budget

''There''s no evidence of Rs 430 billion''

5-10 percent regulatory duty levied on 61 new items

One percent additional duty levied on import of mobile phones

BlackBerry exits Pakistan over data access Row

Issues with SRB not resolved yet: FBR starts blocking NTNs of service providers

Experts to find out reasons behind export decline; meeting tomorrow

Import of MMF yarns, fabrics hurting local industry: APTMA

Call for extending deadline for filing tax Returns

SNGPL suspends supply to general Industries

Focus on growth finally

ST increased to 24 percent on motor spirit

Date for filing returns extended to December 31

India''s economy grows 7.4 percent, outperforms China''s

DAILY EXPRESS

Govt exploded bomb of inflation Rs 40 Billion new taxes levied

BlackBerry to stop operation in Pakistan from 30th December

Petrol Diesel prices to be remain constant

Govt adopted easy method to meet shortfall of taxes