News Clipping - Archives July 2014


TMA HEAD OFFICE 

DATE 29th-July-2014

DAWN NEWS

Nepra summoned to tell court about tariff

Prices of petrol, diesel unchanged

THE NEWS

Value-added textile exports may fetch $78bn 

FPCCI terms monetary policy contradictory 

FBR creates Rs11bn tax demand

B RECORDER

POL prices to remain unchanged

Fake IT exemption certificates FBR initiates countrywide probe against units

LCCI polls 2014-15 ILTIE to support PIAF Founders Alliance

LCCI Mediation Center sets a new record


TMA HEAD OFFICE 

DATE 28th-July-2014

DAWN NEWS

Income tax reforms

PIA fares

THE NEWS

Arbitration time

PPP gives Centre 15 days to end power, gas outages

“Inconsistent policies create uncertainty”

B RECORDER

Issuance of ''unlawful'' circular/SROs: FTO holds FBR officers responsible

Improving ATM services

Foreign currency: SBP revises reporting format for hotels

Department divides into lobbies: 'businessmen suffering due to Customs intel officers' tussle'

DAILY EXPRESS

Effective mechanism for recoveries by F.B.R

Dialogues’ on FAT with Taiwan and Pakistan

Provinces objects on car Transfer token transfer tayes collection by federal govt 

During Eid Holidays all ATMS will remain open for 24 hours

Domestic consumers will get relief from load sheeding during Eid due to  cosure of Industries  

Business running in resident areas to be brought into national net


TMA HEAD OFFICE 

DATE 27th-July-2014

DAWN NEWS

 More trade options

Talking trade with India

Non-textile exports flat in FY14

THE NEWS

Elimination of exemptions to add Rs400bn in revenue collection

Govt’s plan to impose GIDCon fertiliser sector provokes criticism

Business leaders call for regulatory reforms

B RECORDER

Sales tax refund case: FTO provides relief to taxpayer

FBR holding refunds to exporter's Disenchantment

Textile exporters voice concern over army's deployment in Islamabad

No new duties imposed on import of solar panels: FBR

PEs of non-resident companies: LTU seeks FBR clarification on tax

K-Electric straight on responsible for massive power outage: KCCI

DAILY EXPRESS

Active Tax payers list issued

K.C.C.I Criticized K-electric on long loadsheding

Pakistan microfinance Banking is far better than Gramen Banking


TMA HEAD OFFICE 

DATE 26th-July-2014

DAWN NEWS

Ogra seeks increase in petrol, diesel prices

Major power breakdown hits industrial production in Karachi

Govt to issue taxpayer cards by Sept

15pc people paid heed to FBR notices

Airlines to collect advance tax

India threatens to derail WTO deal, prompts angry US rebuke

THE NEWS

FBR has little to show to IMF in Dubai

Ogra summary to raise POL prices rejected

Revenue body creates Rs14.5 billion tax demand

‘FBR’s plan to register retailers for sales tax impractical’

Sale of fresh currency notes continues unabated

No progress possible without technology upgrade: experts

B RECORDER

Pakistan, India to negotiate trade deal Afresh

SBP allows financing of old cars

Industrial production comes to a grinding Halt

Eid holidays: five-day gas supply to CNG stations in Punjab

Punjab textile industry hopes energy issue to be resolved after Eid

Broadening of tax base: over 120,000 initial notices issued

ATL will be updated by FBR on fortnightly basis

FBR's reluctance to release tax refunds: taxpayers facing liquidity crunch

Efforts to augment annual output: textile manufacturers spend $599.219 million on machinery import

Wal-Mart replaces head of struggling US Business

Collection of advance IT on international air tickets: Airlines strictly required to make adequate arrangements

DAILY EXPRESS

Total forex reserves during a week rduced to 6 Crore 34 lacs dollar

K.C.C.I to remain closed on saturday


TMA HEAD OFFICE 

DATE 25th-July-2014

DAWN NEWS

Pakistan working to give MFN status to India

Punjab eyes 10m cotton bales from 5.6m Acres

System failures punish depositors

Drive to bring retailers under tax net

Reserves fall to $14.45bn

THE NEWS

Forex reserves decline to $14.45 billion

Fake companies remain active in misusing exemptions

SECP initiates 448 probes in FY14

MFN status seems unbeneficial for Pakistan’

FBR to set up dedicated cells for retailers’ registration

Exporters condemn GIDC

Customs agents demand more space for containers

FBR chief may be made secretary finance

B RECORDER

Reserves decline by $63.4 million

SIMs not to be sold without biometric verification from August 1: PTA

One Stop Shop to be set up at LCCI to facilitate investment

Retailers' registration with ST department: RTOs to carry out market surveys

Where further tax is included: taxmen told not to entertain output tax claims

Government working to give India MFN Status

DAILY EXPRESS

Worst loadsheeding needs improvement

50% Investment reduced in national savings scheme

448 show cause notices served on companies during last fiscal year


TMA HEAD OFFICE 

DATE 24th-July-2014

DAWN NEWS

EU thanked

Exports of textile, garments rise to $13.7bn

World Bank offers India $18bn in three-year Support

THE NEWS

Nation under loan of Rs20,000 bn: FBR chief

A holiday mood in the country

Goodbye income tax

Officials to visit Switzerland for double taxation talks

FBR explains budgetary changes in tax laws

Increased GIDC to be charged in July bills

SBP starts issuance of fresh currency notes

SAI condemns power outages

B RECORDER

Replacing NTN cards: FBR-Nadra deal in violation of PPRA rules?

FCCI sets up 'Chinese FDI Cell'

FBR asked to keep checking import of HCFCs

Failure to attend workshop: FBR calls explanation from regional LTU, RTO taxmen

Energy crisis: textile ministry calls for convening cabinet body meeting

Sindh government abandons metropolis: traders' body slams chief minister for Karachi's unhygienic, untidy conditions

Second Made in Pakistan expo to be held in Mumbai from August 31

Two more industrial zones of Sindh get SEZ status

Customs valuation under the new rules of global trade

Eid holidays: the more the merrier

Rs 109 billion collected in first 23 days of July

Relief in August bills: power tariff cut by 8 paisa per unit

DAILY EXPRESS

Mufassar Ata Malik acting president of K.C.C.I

Unscheduled load sheeding in S.I.T.E hiits production

Tax target would be achieved

G.S.P+Conditional     

Enhanced  GIDC to be recovered


TMA HEAD OFFICE 

DATE 23rd-July-2014

DAWN NEWS

BoI approves two economic zones for Sindh

Getting rid of interest

SBP monetary policy

ATM services show no signs of improvement

Sindh: Draft agriculture income tax law Ready

THE NEWS

Dyeing factory gutted by fire

SSGC MD demands revision in UFG benchmarks

Govt to setup Special Economic Zone in Karachi

Spinning industry performing well despite power shortages

Disconnection of Industrial & Commercial Defaulters

B RECORDER

IMF deal: government mulling raising power tariff

Cloth worth millions of rupees gutted

APTMA urges government to ensure regular energy supply after Ramazan

Uninterrupted power supply: MCCI welcomes minister's assurance

Eid holidays: SBP instructs banks to ensure ATM services

Unannounced power loadshedding hitting industrial production

Power woes of our own making

BoI discusses setting up of SEZs in Sindh

Defaulters owing over Rs 310.9 million:gas supply to as many as 61 industrial, commercial units disconnected

DAILY EXPRESS

EID Expected in Pakistan on 29th July

Factory gutted in New Karachi

S.M.Muneer nominated as director of E.P.Z A


TMA HEAD OFFICE 

DATE 22nd-July-2014

DAWN NEWS

C/A deficit rises despite high inflows

India keeps world guessing in countdown to landmark trade deadline

THE NEWS

Move to cut cell phone, internet services in national emergencies

Pakistan ranked eighth most vulnerable country in the world

Businesses in hot water for poor law & order

SBP advises banks

Bank holiday

‘Only 11 percent of workforce registered under social security’

Kati concerned over rising extortion cases

NTMs to be replicated in remaining SAARC countries

B RECORDER

Asad assigned ''look-after'' charge of FBR top slot

Cotton growers likely to achieve 10.5 million bales' target

International air travellers/passengers: FBR urged to grant WHT exemption to certain categories

POL prices may remain unchanged

A word for SBP Governor who is overly Cautious

Mobile phone snatching incidents shoot up by 42 percent

Traders of South Punjab criticize unchanged policy rate

Vague rules: FBR unable to collect FED on chartered flights

Karachi operation: HRCP delegation visits KCCI to discuss situation

DAILY EXPRESS

Shahid Hassan Asad named acting chairman F.B.R

Islamabad declared expensive city while Karachi and Queeta Charest City

Banks asked to provide services without interruption

KCCI expressed dissatisfaction  on Karachi operation.

Banks will remain closed for Eid Holidays from 29th July will reopen on 4th August 


TMA HEAD OFFICE 

DATE 21st-July-2014

THE NEWS

Why trade unions are losing steam

Tariff up 25%, generation up 0%

B RECORDER

MPS: the inevitable happened

Punjab-based textile industry: problems relating to energy will decrease after Eid: Afridi

Rise of Dubai property market slowing: JLL

Automated online system for registered ST persons: FBR yet to implement key Recommendation

DAILY EXPRESS

P.O.L Prices likely to be increased

Trade with neighbour is a must for prosperity

List of sick units called by commerce minister

 During last fiscal year 4587 companies were registered

S.B.P Announced monetary policy


TMA HEAD OFFICE 

DATE 20th-July-2014

DAWN NEWS

Analysis: Monetary policy on a tightrope

People paying more for less electricity

Strategy evolved to resume trade talks with India

Sindh’s revenue jumps by 20pc

SBP keeps interest rate unchanged at 10pc

THE NEWS

Dar seeks meaningful access for Pak products

No change in interest rate: SBP

Indian, Pakistani commerce ministers to meet on July 24

Met Office predicts Eid on 29th

SBP maintains discount rate at 10 percent

LCCI hails Land Port Authority

B RECORDER

SBP leaves policy rate unchanged at 10 Percent

Minutes of proceedings to be published

SBP expects FX reserves to exceed $13 billion mark

Energy crisis restricts textile exports to below $14 billion mark: PTEA

Minister seeks verified list of sick textile Units

Pak Land Port Authority: LCCI seeks private sector's 50 percent representation

Corporate tax to be scaled down to 30 percent in 5 years: FBR

FBR specifies advance IT on transfer of Vehicle

KATI chief voices concern over increasing incidents of extortion

MPS: Executive Summary

PHMA urges government to support running textile units instead of 'dead' ones

Alternative Corporate Tax: FBR explains Applicability

Concerns mount over India''s stance on global trade pact

DAILY EXPRESS

Business community shocket on maintading 10 % mark up rate

Private sector demands 50% representation in land port authority

Minutes of monetary policy will be released with & weeks.

S.B.P announced to maintain statu quo on mark up rate.


TMA HEAD OFFICE 

DATE 19th-July-2014

DAWN NEWS

ADB revises Pakistan outlook upwards

Exports falling

International Trade Exhibitions

THE NEWS

Large-scale reshuffling notified

FBR notifies transfers, postings of senior Customs officers

Textile mill-owners criticise govt policies

B RECORDER

Transfer of immovable property: inherited property exempted from WHT

Cut in rate expected: MPS today

July-June 2013-14: trade deficit narrowed down by 2.48 percent

Transfers, postings in FBR

Sales Tax refunds: Dar urged to help resolve lingering issue

LCCI, ICAP to form joint working group on tax reforms

Textile exports 3.9 percent increase quite encouraging: Aptma chief

Textile exports

14.6 percent CPI inflation registered: Islamabad becomes most expensive city of country

Cotton sowing target missed

DAILY EXPRESS

Transfer of immovable property: inherited property exempted from WHT

CNG station in city to remain closed today between 8:00am to 4:00pm

Planning commission and ministry of commerce calculation about country’s Exports prove wrong 

Land port authority will play a vital role in regional trade

Govt should address cause of decline in textile exports


TMA HEAD OFFICE 

DATE 18th-July-2014

DAWN NEWS

Reserves fall to $14.5bn

PIBC demands ‘visa on arrival’

Four-day Eid holiday

Karachi: Plan to suspend mobile phone service on 20th

KaPlan to suspend mobile phone
service on 20th
Karachi: Plan to suspend mobile phon
service on 20th

THE NEWS

FBR wants powers to access bank accounts, seek private information

Political, business figures hail PM’s visit to GHQ

Rs14 billion embezzlement detected in TDAP

SHC seeks comments on Amin Fahim’s petition against arrest

Warsi new SSGC MD

Forex reserves decline

‘Political instability drags economy to negative zone’

Undocumented economy leads to crisis: experts

B RECORDER

Shoaib Warsi appointed SSGC MD

If either of the two is filer: joint accountholders to be treated as filer: FBR

NPLs of sick units: Textile Ministry to set up review committee

Employees' registration with Pessi: Punjab to launch amnesty scheme for industrial, trade sector

Traders demand withdrawal of controversial SRO 608(1)

Textile industry: Dar urged to clear ST refunds by September

Business community satisfied with exchange rate stability

Textile exports increase by 3.9 percent

Forex reserves fall by $124 million

DAILY EXPRESS

Reserves fall to $14.5bn

10% markup rate expected to be remain

24 companies shown interest to monitor industrial production

TMA demands cut in markup rate 


TMA HEAD OFFICE 

DATE 17th-July-2014

DAWN NEWS

Where’s the stick?

E-commerce gateway to boost consumers’ Confidence

Dry ports to be set up at three border points

THE NEWS

PM orders emergency plan to cut loadshedding

FBR studies transit trade points on Afghan, India borders

Ex-official of PM House granted bail in TDAP scam case

Private sector lending increases in FY14

FBR urged to adopt last year’s tax return form

‘Income disparities more pronounced in India than Pakistan’

Telenor to introduce e-payment gateway

BMG candidates sweep KCCI elections

B RECORDER

Additional export contracts: MoC told to devise business strategy for PNSC

PHMA (NZ) expresses concern over power crisis

162 audit cases: over Rs 20 billion revenue loss unearthed in fiscal year 2014

Revenue collection grows 12.5 percent in south region

KCCI's members managing committee: All 15 candidates of BMG elected Unopposed

Efforts on to improve visa facilities for traders: French envoy

CNG prices: government may introduce three regions/slabs on basis of GCV

Government to reoperate closed textile units: minister

Protecting small depositors: fund being set up

DAILY EXPRESS

Tdap scandal, accused Mohammad Zubair passed pre-arrest

Motorway police will issue driving license

Pak-India Chamber executive committee meeting will be held on 12th September in New Delhi  

During fiscal year FDI reached to 4 billion dollars

Monetary policy will be announced on Saturday

Restoration of closed units would increase exports to $ 1 billion, Khurram Dastgir 


TMA HEAD OFFICE 

DATE 16th-July-2014

DAWN NEWS

About 200 top taxpayers awarded privilege honour cards

Living on a prayer

Foreign investment rises to $4.37bn in FY14

THE NEWS

FBR team to visit Switzerland in August to recover taxes on $200 billion

Faisalabad traders, industrialists warn of closing businesses

Exercise can keep Alzheimer at bay!

FDI rises by 12 percent in FY14

RTOs reluctant to take recovery measures

Rise in GIDC to weigh down economy: industrialists

‘Energy costs, rupee revaluation shrinking textile sector profits’

IPCCI executive committee meeting in New Delhi

LCCI announces election schedule

Lahore Chamber rejects SRO

Diabetics should be careful when fasting, advises health expert

B RECORDER

''Privilege'' cards given to top 100 Taxpayers

Gratis passports sought

FDI increases by 12 percent during fiscal year 2014

Income tax returns: FBR asked to provide electronic access to filers/non filers

LCCI seeks immediate withdrawal of SRO 608(I)

PCGA decides to deal with registered brokers only

Chairman APCNGA says: SSGC to follow two-week CNG loadshedding from next week in Sindh

ST paid on services: FBR Portal starts accepting input tax adjustment

Leather sector: government urged to withdraw import duty on raw material

LCCI announces election schedule for 2014-15

Top 100 taxpayers for 2013 honoured

DAILY EXPRESS

Custom agents demand profiling of self clearance consigneers  


TMA HEAD OFFICE 

DATE 15th-July-2014

DAWN NEWS

Gasping for air

Textile package to be implemented throughSRO

Italian textiles struggle to weave a new spell

THE NEWS

Moody’s upgrades Pak forex bond rating from negative to stable

International travellers unable to observe fast for getting polio vaccination Certificate

Country could have saved Rs79bn in gas use: study

SBP’s reminder

Kati praises PM’s Karachi plan

Nisar in EPZA’s board

KEPZ’s exports at $363mn in FY14

Water crisis to worsen as major pipeline bursts

B RECORDER

BoI prepares business improvement Plan

Government welcomes Moody''''s bond upgrade to stable

KEPZ shows remarkable export increase in June

Anjum Nisar appointed member of EPZA's BoD

Why has Moody's changed Pakistan's rating outlook to stable?

15 members of KCCI's MC to retire on September 30

Textile minister to raise power supply issue with Nawaz

Decision on increase in gas tariff put off

Debt servicing: Pakistan to pay $1.3 billion to IMF in fiscal year 2015

DAILY EXPRESS

Textile sector assured loadshedding restricted to 8 hour

EPZ’S Annual exports increased by 26%

Kati paid tribute to prime minister on development plan of Karachi

Issue of 27 conventions to be taken up in C.C.I.        


TMA HEAD OFFICE 

DATE 14th-July-2014

DAWN NEWS

Pakistans urban air pollution off the charts: World Bank

Bank charges

No change in policy rate expected

Upgrading vocational training

THE NEWS

CNG stations in Punjab to get supply for 18 hours a week

Why should I pay more tax?

Weight-loss surgery cures diabetes for many!

B RECORDER

DHA Karachi plots: 15 cases ofundervaluation of properties detected

Cut in export refinance rate

MCCI opposes increase in power tariff

DAILY EXPRESS

Chief Mister sindh to visit FPCCI on Tuesday

Pak china FTA in doldrum

Cotton prices reduced around the world including Pakistan 


TMA HEAD OFFICE 

DATE 13th-July-2014

DAWN NEWS

Chinese policy hits yarn production, exports

New policy for trade officers posting abroad likely

THE NEWS

SBP: his master’s voice

India plans to export gas to Pakistan

FPCCI demands 100bps cut in discount rate

‘Structural imbalances keep textile sector on its toes’

B RECORDER

Certain field formations defying FTO''s Orders

Retailers'' documentation: implementation of new rules uphill task for FBR: experts

Seeking power loadshedding relief: APTMA leadership to meet Abid Sher Ali Tomorrow

PHMA appeals Prime Minister to deploy army in Karachi

Ease of doing business in Pakistan

Customs officials asked not to entertain unauthorised persons

DAILY EXPRESS

Customs imposed restriction on unauthorized person movement

FPCCI demands cut in discount rate

Pak business summit will be held in new Delhi   on 12th Septembers

FBR has ordered to investigate evasion of additional tax  


TMA HEAD OFFICE 

DATE 12th-July-2014

DAWN NEWS

Beyond the SBP report

India’s new budget includes $33 million tobuild the world’s tallest statue — not  everyone is happy

CNG schedule changed again

THE NEWS

CNG to be available three days a week across Punjab

US seeks money data directly from Pak banks; govt resists

KCCI hails development projects

Trade issues with India on backburner

Lasbela Chamber demands cut in discount rate

Transporters, fuel pump owners plan protest on 15th

SITE traders demand 1pc reduction in interest rate

B RECORDER

Number of mobile phone users crosses139.2 million mark

CNG stations in Punjab to get enhanced gas supply

Power loadshedding: operations of Punjab's 58 textile mills in limbo

TDAP scam: scope of FIA probe widened to two ex-commercesecretaries

SBP urged to reduce interest rate byone percent

Prime Minister hailed for announcing mega projects: KCCI reiterates its armydeployment demand

Mr Finance Minister Please!

LHC spells out conditions for taxpayers' Prosecution

DAILY EXPRESS

To facilitate investors coordination council to be formed

KCCI  hail’s release of funds for development

Discount rate be cut by 10

Removal of political instability must for investors confidence

F.B.R announced tax reforms

25Th July last date to apply for Saudi Trade fair


TMA HEAD OFFICE 

DATE 11th-July-2014

DAWN NEWS

SBP all praise for govt’s performance

Annual zakat deductions

Record $15.8bn remittances in 2013-14

India spells out ‘Modi-nomics’ in budget

Industry seeks cut in interest rate

Malaysia raises interest rate after three years

THE NEWS

Businessmen ask PM to deploy army in Karachi

Gilani, Amin Fahim get bail in 12 cases

SBP links economic revival with tax revenue mobilization

Dar for early resolution of Pak-Russia financial dispute

Forex reserves rise to $14.6 billion

Tax consultants concerned over FBR strategy

IMF sets benchmark for improving Nepra’s governance

B RECORDER

LSM registers growth

Policymakers asked to formulate industrial policy

A Tale of Two Budgets: India's budget not premised on borrowing

Increasing power generation

10-year tax holiday for new investors

Loadshedding hours: power ministry fails to bring improvement

FBR launches recovery drive against fashion designers

Dar for early resolution of Pak-Russia financial dispute

KCDR to train 21 civil judges in mediation at FJA

Call for Army's deployment in Karachi: businessmen's meeting with Prime Minister

Row between KWSB, K-E makes Karachiites' life miserable

Withdrawal of tax exemption: people reluctant to buy life insurance policies

Forex reserves up by $647 million

From Russia, with Love: Dar carries a lot of clout

Should central bank be run by economists or bankers?

Prime Minister may award Taxpayer Cards to top payers on July 15

LCCI chief asks FBR to help resolve sales tax adjustment issue

TDAP scam: Amin Faheem granted bail

Power bills exceeding Rs 0.6 million: taxmen told to compile list of retailers

DAILY EXPRESS

FBR transferred members training and 12 chief commissioners

Strengthing trade ties with USA

Saarc countries should revisit list of sensitive items

Kidnapping cases increased sharply

Traders take over the charge and run the govt 


TMA HEAD OFFICE 

DATE 10th-July-2014

DAWN NEWS

Nepra to exclude offices, mosques, schools from ‘lifeline’ category

Reading the IMF

Importers for early sales tax adjustment

Monetary policy on 19th

THE NEWS

Umra visa once in a year, Haj visa once in five years

Importers face hardships as PRAL abruptly changes online system

KCCI demands single-digit policy rate

Monetary policy

SHC bars FIA from arresting Amin Fahim in fresh cases

B RECORDER

Power tariff may increase by Rs 1.30 per Unit

Duty on pet resins raised to 8.5 percent under PCT

Inputs, raw materials: IOCO empowered to determine entitlement

MCCI chief for steps to end Loadshedding

Transfers, postings of FBR officials

July-May 2013-14: import of textile machinery grows by 58 percent

4,587 new firms registered: SECP records 16 percent growth in companies' registration in fiscal year 2013-14

Modinomics

KCCI chief urges SBP to bring down discount rate

SHC bars FIA from arresting Amin Fahim

Residual concessions: Customs told to apply conditions under Finance Act

MPS now on July 19

DAILY EXPRESS

During 2013-2014 4587 companies registered with SECP

KCCI demands single digit of interest rate

Monetary policy now will be announced on 19th July

All possible cooperation will be extended to promote exports

To enhance exports up to 50 billion dolor’s programme begins

SITE association Condem raise of gas prices

Federal and provincial taxes to be merged      


TMA HEAD OFFICE 

DATE 09th-July-2014

DAWN NEWS

IMF’s third review

Export refinance rate revised downward

IMF assured of consistent hike in gas prices

THE NEWS

IMF asks State Bank to buy more dollars from market

Gas!

CNG hike

Pakistan eyeing $40 billion investment from China

State Bank Corner

FPCCI demands removal of alternative corporate tax

PIAF demands end to unannounced load-shedding

Energy crisis threatens industry shutdown

Site concerned over gas price hike

B RECORDER

SBP cuts mark-up rates of EFS, LTTF

FED collection: row between FBR andairlines ends

Issues of Punjab-based textile mills: APTMA leadership to meet government officials today

Value-added textile sector: revival ofsick units must for benefiting from GSP Plus: FCCI

PIAF calls for steps to end loadsheddingonwar footing

New textile policy yet to be announced: government inaction hinders industry from availing GSP plus facility

Levy of 17 percent: ACT to discourage companies declaring losses: FBR

Exchange-rate regime

Number of ST registrations declines in 2013-14

APTPMA voices concern over 14 percent price increase of gas

India moves towards allowing Pakistani SIM cards

Industrialists flay 14 percent hike in gas tariff

DAILY EXPRESS

To facilitate small investors centre established.

Monetary policy to be announced on Saturday

On recommendation of senate corporate tax from 33% to 30% proposed.

LTF rates changed.

Export finance rate reviewed


TMA HEAD OFFICE 

DATE 08th-July-2014

DAWN NEWS

Trade row with Russia to be resolved soon

Wal-Mart back on top of Fortune Global 500 list

Exports of non-textile products grow

Another surcharge on electricity expected

THE NEWS

IMF releases Pakistan’s Letter of Intent to raise revenues

100 million more Indians defined as poor

Indian SC says Sharia courts have no legal sanction

Collection of duty, taxes on foreign trade up by 12.2pc in 2013-14

RTO Lahore issues sales tax refund after 14 years

KCCI urges SBP to increase banking hours

B RECORDER

IMF for more flexible exchange-rate Regime

Dar seeks to resolve trade issues with Russia

Nepra to hold meeting at KCCI on July 14

'Increase in LPG prices unjustified'

KCCI chief urges SBP governor to extend bank timings upto 3:30pm

IMF report hails efforts of Petroleum Ministry

Inadmissible input tax: legal action against claimants directed

GIDC: unwarranted and unadvised Tensions A tough job for FBR

Ill-gotten money deposited in Swiss banks: FBR chief may visit Switzerland from August 26

MPS on Saturday

Easy Exit & Restoration: SECP issues Draft Companies Regulations to elicit stakeholders' opinion

DAILY EXPRESS

Easy Exit & Restoration

MINTEX will train 12thoused workers in years

KCCI insists to open banks till 03:30pm

LPG prices increased by RS 5 per KG

Inspite of gas shortage import of CNG kits and cylinder allowed 


TMA HEAD OFFICE 

DATE 07th-July-2014

DAWN NEWS

Modi to target record asset sales in budget

Fall in SBP’s foreign exchange earnings

Higher gas cess angers industries across the Spectrum

THE NEWS

The power failure

B RECORDER

Paints & chemicals: certain makers not paying ''further tax'' & ''extra tax''

LPG price increased by Rs 10 per kg

The curse of cartels

Faisalabad city: textile and environment

DAILY EXPRESS

All banks instructed to keep sufficient fund in ATM

Important meeting of SAARC commerce ministers in 3rd week of July at Bhutan    


TMA HEAD OFFICE 

DATE 06th-July-2014

DAWN NEWS

SBP & Ramazan

Exim Bank to be set up shortly

World’s biggest shopping mall

CPLC us an organization established by the citizens of Karachi 

THE NEWS

‘Plan to establish Exim Bank of Pakistan to be ready by Sept’

Spinning industry on the verge of closure

Textile mills reject gas management plan

Dubai to build world’s biggest mall

599 students trained in various trades

B RECORDER

July-May of fiscal year 2014: raw cotton exports up 39 percent

Filer, non-filer joint accountholders: banks ask FBR to specify tax treatment

FBR ''high-handedness'' resented: FTO helps secure refund after 14 years

Khawaja Usman's nomination felicitated

CNG stations in Punjab: Commuters  suffer immensely due to six days per weekgas closure

Carpet export witnesses sharp decline during last six years

Dubai says launching project to build world's biggest mall

India raises cotton export forecast

LCCI seeks withdrawal of SRO 608(I) for better economy

Prime Minister''''s office reluctant to appoint Sartaj''''s son as trade officer

DAILY EXPRESS

Rs. 300 to r 1000 sales tax imposed on mobile phone set.

APTMA protests on new gas management schedule


TMA HEAD OFFICE 

DATE 05th-July-2014

DAWN NEWS

Despite gas shortage, ECC lifts ban on CNG kit imports

Punjab industry rejects new gas outage plan

Currencies export from Islamabad allowed

Special counters to disburse fresh notes

Filing through eServices facility made Mandatory

THE NEWS

PHMA expresses concern over decrease in gas quota

People reject increase in gas tariff

Technology use helps FBR surpass target in Lahore

Online returns filing ordered

Banks directed to settle suspense accounts

Public to get fresh currency notes for Eid from 7th

Unemployment on the rise: experts

Leather exports declining

TDAP to support FPCCI fairs

Withdrawal of gas tariff hike demanded

B RECORDER

Companies must file documents, returns through eServices: SECP

14 percent hike in gas tariff: government given seven-day ultimatum to rescind decision

Gas load management: Punjab-based textile millers reject schedule

PIAF urges government to withdraw rise in gas rates

49 industrial, commercial defaulters: SNGPL disconnects gas supply

SRO 608(I)/2014: no new discretionary powers granted to commissioners: FBR

Issuance of fresh banknotes: SBP to set up special counters at 150 designated branches

Not the whole truth

Dar's take on PKR depreciation: some questions?

Security concerns at airports: only one person to accompany passengers from tomorrow: CAA

SRO.1125(1)/2011: Customs told to collect 17 percent ST on finished articles

Incentive scheme shortly: Customers to be encouraged to demand receipts

TDAP scam: Gilani, Fahim asked to appear before court on July 10

DAILY EXPRESS

On purchase of private vehicles withholding tax imposed   

During last fiscal year billion of rupees of tax evasion detected

Fitness certificate of vehicles will be issued by transports department

FBR issued notification for appointment and transfers

E Filing of documents made mandatory by SECP

On granting MFN to India rs 6trillion profit will be possible


TMA HEAD OFFICE 

DATE 04th-July-2014

DAWN NEWS

Power grid can’t cope with demand

Cartelisation concerns

Professional tax

Auditors find irregularities in SSGC, SNGPL

Pakistan gets $556m from IMF

Ogra approves 5-14pc hike in gas tariff

THE NEWS

Ogra increases gas tariff by 14pc

APCNGA rejects 72-hour monthly CNG supply schedule

‘FO links trade with India to thorny issues’

Qaim assures industrialists of incentives, security

SRB collects record Rs42bn sales tax in 2013-14

FBR to have real-time access of sale, purchase data

KCCI concerned over price hike

‘FBR opens doors to corruption’

Nepra notifies 5 percent increase in licence fee

Forex reserves decline to $13.9 billion

‘Pakistan fails to exploit alternative energy resources potential’

Fire damages textile mill

B RECORDER

14 percent hike in gas tariff approved

NOCs for new CNG stations: ECC likely to take up case today

New rules unveiled: retailers must issue invoices from e-cash registers: FBR

Immovable properties: FBR for early issuance of taxpayer cards

New tax return form: experts say documentation measures ignored

APCNGA rejects new schedule of 72- hour monthly gas supply

Power generation: PTEA demands additional supply of 200 MMCFD gas

FCCI team's Turkey visit termed Successful

Life and health insurance business: SRB removes sales tax exemption

Profiteers, hoarders: KCCI chief asks government to take stern action

The FBR figures

International air tickets: Airlines unable to deduct four percent advance tax

Textile exports witness 5.96 percent rise in July-May


TMA HEAD OFFICE 

DATE 03rd-July-2014

DAWN NEWS

Govt starts evaluating 4,250MW coal-based power plants

Exports to EU markets grow by $700m

Motorcycle registration fee raised to Rs1,500

Cartels operating in several sectors, Dar tells NA

Transporters, CNG dealers protest revised loadshedding schedule

THE NEWS

304,751 international travellers vaccinated at health facilities

Govt plans to get Rs49 billion from consumers to cover gas losses

Owners of CNG stations, buses warn of protests

Sales tax reinstated on sale of SIM card

‘Higher ending stocks to put pressure on cotton prices’

Economists call for efforts to enhance tax base

FPCCI calls for commission to remove budget anomalies

German investors to set up solar plant

B RECORDER

FED collection: FBR, airlines at Loggerheads

From 2008 to 2013: Dar spells out reasons behind PKR depreciation

Textile industry crisis endangers cotton economy: APTMA chief

Enhanced WHT levy: FBR sharing 'ATL' with SECP

New gas loadshedding schedule: APCNGA, KTI to stage sit-in in front of SSGC office

Javed Rashid made FPCCI body vice President

Combating kidnappings, extortions in Karachi: VOKI welcomes establishment of RSTF

Repatriation of profit, dividend crosses $1 billion mark

DAILY EXPRESS

Saudi tour operators has enhanced umra expenses by 150 riyal

Imposition of GIDCESS be with drawn

DGTO and chambers should ensure transparent election 


TMA HEAD OFFICE 

DATE 02nd-July-2014

DAWN NEWS

CNG prices raised

GIDC goes into effect under cloud of Uncertainty

Monetary expansion shrinks in FY14

Govt urged to reduce import duties

Inflation soars to 8.2pc

FBR misses collection target

Telephone bills

THE NEWS

FBR misses out revised annual tax collection target

CNG price goes up by Rs5.36 per kg

Inflation soars to 8.62 percent in FY14

SBP to issue banknotes with new signatures

FPCCI seeks reduced income tax rate of 0.25 percent on textile exports

KCCI warns 5pc RD will hike smuggling

Experts concerned over Indian growth in exports to EU

B RECORDER

New rates of GIDC: Industry based in Sindh comes under greater pressure?

CNG rates increased

Textile exports: a knotty affair

Saudi Embassy clarifies: Umrah, Hajj visas issued as 'Gratis'

July 1-June 30 (2013-14): provisional tax collection stands at Rs 2.266 trillion

Nishat Chunian to deploy Oracle Solution

SAI chief for uninterrupted supply of power, gas to industrial units

July-May 2013-14: readymade garment exports witness 8 percent increase

Fitrana fixed at Rs 100 per head

Security deposit, construction charges: K-Electric accused of taking highly controversial steps

Energy loadshedding: textile industry irked by absence of minister

GSP Plus: PIAF chief lauds efforts of LCCI trade mission

Import of CNG cylinders & kits: ECC may mull removing ban

DAILY EXPRESS

7.5% additional tax 10 lac small traders

New Year’s gift cng prices raised bye rs 5.36 per kg

Concentration be give on GSP+ SMES

FBR has issued draft of new income tax return

Political parties should setaside theier differences and become units

Fitrana fixed at Rs 100 per head


TMA HEAD OFFICE 

DATE 01st-July-2014

DAWN NEWS

Rs40bn released to reduce loadshedding

Textile exports rise to $12.6bn

Many areas go dry today due to pipeline Burst

THE NEWS

FPCCI, ICCI teams call on Ambassador Javed Malik

300 CNG stations closed down in Punjab due to non-supply of gas

PM rejects summary to increase oil prices

‘Corruption damaging economy, not speeding up efficiency’

LCCI team returns with deals worth millions

CNG stations shutdown schedule

B RECORDER

Ogra's proposal to increase POL prices Rejected

Provisional figures: Rs 2.260 trillion collected during July-June

France, Germany, Belgium and Bosnia: LCCI trade mission signs huge deals in various sectors

'Future of textile workers at stake due to loadshedding'

Business individuals, AoPs, salaried class: draft income tax return forms for tax year 2014 unveiled

CNG stations in Punjab: APCNGA flays government decision to cut gas supply

Gas supply: government accused of ignoring domestic consumers, CNG sector

CNG stations in Sindh: three-day closure this week

IMF tranche

Bed linen pips rice and cotton exports

New GIDC rates for various sectors

Finance Act 2014: all documentation measures go into effect from today

DAILY EXPRESS

On the instruction of prime minister pol prices remained constraint

Exports during July to May 2013-14 increased by 6% and reached to Rs 12.62 billion

Energy crisis will end with in 2 years

Four roads of SITE repaired through chief ministers’ funds