News Clipping - Archives June 2015


TMA HEAD OFFICE 

DATE: June 30, 2015

DAWN NEWS

MCCs to extend working hours

Income tax notices

Indian power plants worth $19bn struggle to find customers

THE NEWS

Bank holiday

B RECORDER

Income tax: FBR's notices to bear bar Codes

EFS, IERS: SBP extends existinglimits

K-Electric asks customers to avoid using unnecessary power equipment

No minister for four months: government paying little or no attention to textile sector

Model Customs Collectorates to open Today

September 30th deadline: Late filers face USAS disqualification

Registration of entrepreneurs & investors: 'One-stop shop' becomes operational at LCCI, ICCI: BoI chief

Ogra recommends increase in prices of POL products

June revenue target: FBR required to collect Rs 122 billion today

DAILY EXPRESS

Recommendation to increase petrol by Rs 4.26 high octane RS 7.30 per liter

Expansion of tax net

Passengers can travel through Ithead Airways by purchasing PIA ticket

Model customs collect orate to remain open today till 10:00pm at night   


TMA HEAD OFFICE 

DATE: June 29, 2015

DAWN NEWS

Aptma decides to shut textile mills

Importers suspected of misusing hazardous Substances

Flexibility in budget-making

Back to fiscal centralization

THE NEWS

‘Textile industry to close down voluntarily’

B RECORDER

Incorrect digits of CNIC turn taxpayer into non-filer

Fitrana fixed at Rs 100

Asaan Account Business community hails SBP's move

The challenge of FTAs

Millers decide to shut down units voluntarily: APTMA

DAILY EXPRESS

Consignment clearance on fraudulent FTAs detected 


TMA HEAD OFFICE 

DATE: June 28, 2015

DAWN NEWS

Amendments in income tax return forms,wealth statement proposed

Exports again fall short of target

China cuts interest rate by 25bps

Bangladesh firm eyes 1,310MW through $1bn Investment

THE NEWS

Manufacturers censure import facilitation policy

B RECORDER

GIDC collection: FBR to remove major hurdle faced by gas companies

NKATI criticizes unannouncedloadshedding

Low gas pressure hits industrial units

Member Reforms: FBR finalising proposed job description

Remittances: SBP extends deadline for mandatory use of IBAN

DAILY EXPRESS

Protest against federal budget business community starts contacts


TMA HEAD OFFICE 

DATE: June 27, 2015

DAWN NEWS

Nepra reduces wind power tariff by 20 per cent

Focus on K-Electric

Govt to recover all circular debts through consumer tariff

State Bank, NBP to work extended hours for tax collection

THE NEWS

IMF releases $506m eighth tranche for Pakistan

FBR to launch biometric verification for tax registration from July 1

Manufacturing-friendly policies urged for persistent growth

KCCI urges withdrawal of 14pc services tax

KE claims utilising full power generation capacity

B RECORDER

GSP Plus status helps boost exports by 20 percent: German envoy

Indenters may move out of Sindh if service tax imposed: KCCI

Filing revised return: Commissioner's approval to become effective from July 1: FTO

Schedule issued: FBR offices, banks branches open for taxpayers

Customs Act 1969 APCAA resents insertion of new clause

Textiles and garments sector: Moving up the value chain

New return form Payment of Super Tax Specified

Monthly fuel adjustment: Nepra approves Rs 2.86 per unit refund for April

DAILY EXPRESS

To achieve tax target not possible

Banks and FBR offices to remain open today to collect taxes

Sindh Govt must withdraw tax on services on industries

FBR should try its best to achieve target


TMA HEAD OFFICE 

DATE: June 26, 2015

DAWN NEWS

Sales tax on diesel

Foreign exchange reserves near all-time high

THE NEWS

Pak forex reserves rise to $18.2 bn

Internet slows down due to fault in submarine cable

No to child labour

SHC orders companies to deposit Rs15bln withheld workers funds

Forex reserves rise to $17.457 billion

Lack of accountability escalates corruption: experts

B RECORDER

Forex reserves up

FBR launches new registration module in IRIS

Amendment in Finance Bill: over a dozen listed firms to pay more taxes in fiscal year 2016

Duties & taxes at import stage: Customs officials propose some changes in budgetary measures

Punjab CNG stations: Gas supply suspended for a week

The worst tax in the history of Pakistan?

Dar directs FBR to meet assigned collection target

DAILY EXPRESS

Sales tax levied @ 22% to 37% on electricity produced through high speed diesel

Emirates will run additional 42 flights during ramzan for ummrah

Reserves near all-time high


TMA HEAD OFFICE 

DATE: June 25, 2015

DAWN NEWS

Stakeholders should work jointly to end power crisis: US report

Returns on treasury bills keep moving up

Govt must save textile exports: PTEA

Opposition’s tax proposals ignored

THE NEWS

Concern over decline in exports

Experts urge to enhance tax base

Businessmen lament heat casualties

Tax holiday to industries welcomed

Massive fire guts Shershah warehouse

B RECORDER

Power shortages, KE claims: Nepra team coming to Karachi

Massive decline in exports likely to continue: PTEA

SBP introduces 'Asaan Account' for lowrisk Customers

Devastating heat wave: business community expresses grief over loss of lives

FBR decides to issue new tax return Form

8 percent minimum tax applicable to service providers

DAILY EXPRESS

New trade policy ready export target fixed at 50 billion dollar

BMG and KCCI expressed concern on deaths due to heat wave

Meeting of national tariff commission under the chairmanships of federal commerce minister held 


TMA HEAD OFFICE 

DATE: June 24, 2015

DAWN NEWS

Rs100 Asaan accounts introduced for Unbanked

Fresh currency notes to be released from July 2

India unveils plan to boost cashless economy

THE NEWS

SBP to issue fresh currency notes from tomorrow

Expats spend $22.5 billion of earnings in under-invoicing of goods

B RECORDER

Opposition''''s absence makes government''''s job easier: Finance Bill 2015 approved by National Assembly

Companies providing services are liable to pay minimum tax: government limits scope of USAS for all taxpayers

Investigating officers: proposed benami law seeks to give ample powers

Textile exports: Down again

PIAF rejects proposed increase in gas Tariff

KP intends to increase IDC

Fresh currency notes will be available from June 25

SBP for lowering Super Tax to 3 percent - II


TMA HEAD OFFICE 

DATE: June 23, 2015

DAWN NEWS

Non-textile exports dive in July-May

Sindh to raise charges for land record-related Services

Govt needs to reduce industrial power outages

APPEAL

THE NEWS

FBR plans anti-smuggling policy to protect local industry

Pakistan to participate in African trade expo

Govt, private sector urged to enhance productivity

B RECORDER

Consumers to face higher power bills

Commissioner can issue notices to taxpayers for audit: FBR

SBP for lowering Super Tax to 3 percent - I

DAILY EXPRESS

Govt should revisit its financial policies

15 new offices of in land revenue will be operative for 1st July


TMA HEAD OFFICE 

DATE: June 22, 2015

DAWN NEWS

Unjust taxation system

THE NEWS

Budget revisions

Chocolates keep diseases at bay!

June 21 longest day of year

B RECORDER

Textile prognosis: World Bank

Traders reject proposed increase in gas Tariff

APBUMA for implementing new fiveyear textile policy

Appellate Tribunal Inland Revenue: noncompliance of stay order has penal consequence: FTO

Prevalent form of taxation is tantamount to extortion: Shabbar Zaidi

PBIF lauds Dar for accepting tax Proposals

 Income Tax Ordinance 2001: Senate suggests NA to withdraw proposed amendment

DAILY EXPRESS

GSP status for Pakistan is in Limbo

2000 graduates to be trained for compiling income tax return

LCCI started nest year election preparation 


TMA HEAD OFFICE 

DATE: June 21, 2015

DAWN NEWS

Charter of economy again

Reducing tax evasion

Dollar demand cools down

Wal-Mart has $76bn in overseas tax havens

THE NEWS

Textile makers fear fall in exports

B RECORDER

SBP for lowering Super Tax to three Percent

Special body yet to finalise report on GIDC Anomalies

LCCI rejects hike in gas tariff

Textile becoming a thing of the past: APTMA

Rs 3 hike in petrol price likely

11 units found involved: CREST team unearths massive ST evasion

DAILY EXPRESS

Large scale manufacturing increased by 2.93% during  July to April

American business council stressed need of uniform taxations system


TMA HEAD OFFICE 

DATE: June 20, 2015

DAWN NEWS

Budget debate

Budgets and the real economy

Demand for petrol surges amid CNG outages

THE NEWS

Details of $11m loss inflicted by three ex-FBR chiefs

Gates world’s richest billionaire

WB approves $500 million loan to boost economy

Tax recovery increased by 33 percent: Dar

‘Tax on bank transactions to affect financial inclusion’

Textile exports decline by 2.85 percent in May

B RECORDER

Issue of ST refunds adversely impacting growth: PIAF

Misdeclaration, underinvoicing: DI&I blocking used machinery consignments for re-examination

Dar Sahib, mere tinkering won't do

Decline in textile exports irks Senate Panel

Money laundering and terror financing: informal remittances being used: SBP

''Iqbal Air'': exporters considering launching airline: SCCI

DAILY EXPRESS

Gas Tariff likely to increase from 1st July


TMA HEAD OFFICE 

DATE: June 19, 2015

DAWN NEWS

PTEA rejects hike in coal import duty

Govt asked to abolish 0.6pc WHT

THE NEWS

Heat spell to dissipate in a couple of days

B RECORDER

FTA with China: Country paying ''price of friendship''

Heads of country's chambers term budget 'anti-business'

Academia-industry ties vital to address problems of businessmen

APTMA chief criticises power Suspension

FBR's office timings

Pakistan's foreign exchange reserves stand at $17.44 billion

Directive to MFBs: loan exposure against gold should not exceed 35 percent:SBP

DAILY EXPRESS

Business community warns to go on strike against federal budget

Bank will remain closed to today to deduct zakat

Reserves stand at $17.44 billion

Govt should in traduce scheme for converting black money in to white

Demand to with draw holding tax on with drawl of cash from bank

Stressed on opening Italian trade mission


TMA HEAD OFFICE 

DATE: June 18, 2015

DAWN NEWS

Government rewards power defaulters, allows 30 per cent rebate

Current account deficit widens to $2bn

Govt to weed out old currency notes

Pak-Saudi Chamber, Smeda sign deal

Aptma seeks zero-rated electricity

Underground water reserves being sucked dry: Studies 

Advertisement Of Pakistan Textile Exporters Association

THE NEWS

LTU takes actions to hit Rs125bln tax target for June

Old design banknotes valid till Dec 1

APTMA censures power surcharge, demands zero rating

Asian cities half of top 10 costliest destinations

‘Diversification must for export growth’

B RECORDER

Finance Bill 2015: Senate asks government to withdraw FBR''s powers to access bank accounts

Body bickers over GIDC

Product diversification a must to win global market: LCCI

Tax collection: RTO Faisalabad actively interacting with textile bodies

Demonetization of old-designed Banknotes

Flying invoices, fake refund mafia: PBIF chief urges government to take notice

Dutch envoy vows support to FPCCI

O/N, reverse repo: SBP unveils Ramazan timings

APTMA slams raise in power tariff 

DAILY EXPRESS

Govt to weed out old currency notes


TMA HEAD OFFICE 

DATE: June 17, 2015

DAWN NEWS

New securities law

Foreign investment falls in negative territory

NAB orders inquiry against three former FBR Chairmen

Pakistan adopting a regressive tax system, says Economist

THE NEWS

NAB launches probe against three former chairmen of FBR

Pakistan FDI declines 46pc to $803.2mln in July-May FY15

‘China has four million millionaires’

Zakat applicable at Rs33,641

Online account opening form introduced

B RECORDER

Benami transactions: proposed law suggests up to seven-year imprisonment

Technical textile resource centre being set up in NTU

Seminar on 'revamping mechanism of trade dispute resolution' held

Budget feedback: suitable proposals to be duly accommodated: Dar

NAB orders inquiries against three former FBR chairmen

FDI declines by 47 percent in July-May fiscal year 2014-15

DAILY EXPRESS

Zakat will be deducted at Rs 33641/-

NAB executive board approves enquiry against 3 ex chairmen of FBR

Study will be taken to explore new market opportunities


TMA HEAD OFFICE 

DATE: June 16, 2015

DAWN NEWS

Pakistan Pavilion

Gas cess arrears challenged in high court

Money transfer tax

Removal of anomalies through NFC sought

Exporters assured of zero-rating facility

THE NEWS

Reducing tax evasion

Workers reject Rs1,000 increase in wages

New law empowers SRB to freeze bank accounts

NTC mulls acid duty increase

NFC Award to base on performance: Pasha

‘Govt to extend incentives on exports’

Transparent taxation structure urged

German business delegates meet TDAP

B RECORDER

Budget 2015-16: Senate body makes key Suggestions

Underreporting: 0.15 percent WHT levied on cash withdrawals by ECs

Post-budget seminar: Pasha praises, criticises Sindh government in equal measure

Industrialists to boycott RTO Faisalabad for indefinite period

Strategic trade policy framework to be announced next month: Dastgir

Blueprint of another STPF ready

PBIF chief hails Punjab budget

No shortage of petrol in country: Ministry

Tax arrears: DG WHT steps up efforts towards recovering Rs 28.26 billion

Budget 2015-16: government needs to implement equitable taxation structure

German trade delegation meets TDAP Secretary

PTA urges government to review gas loadshedding plan

Too many strikes

Photograph of Mr.  Mehtabuddin Chawla 

DAILY EXPRESS

Due to budgetary measures inflation will increase

German Trade delegation visit TDAP


TMA HEAD OFFICE 

DATE: June 15, 2015

DAWN NEWS

‘Water stress’

Cholesterol level

A regressive tune in tax reforms

Budget disappoints many businesses

Documentation as elusive as ever

THE NEWS

The Sindh budget

B RECORDER

Proposed Finance Bill: FCCI, FTF highlight various anomalies

Departmental maladministration: FTO grants 60-day stay against tax recovery

Non-declaration of purchases: compliant taxpayers cannot be penalised for buyers' faults: ATIR

The Punjab budget

Finance Secretary's response to Senators

Cracking down on tax evaders

DAILY EXPRESS

Summary for establishing export development fund ready

Faisalabad expressed concern on 17% sales tax


TMA HEAD OFFICE 

DATE: June 14, 2015

DAWN NEWS

Rs739bn deficit budget for Sindh unveiled

Punjab budget

Govt allocates Rs16.5bn for energy

Pakistan attracting foreign workers

Treaties likely on exchange of tax information

British couple becomes world’s oldest Newlyweds

THE NEWS

Travel agents reject tax

‘Pakistan’s economy on path to progress’

B RECORDER

Sindh taxes 17 more Services

WHT recovery: FBR likely to give cash rewards to taxmen

DAILY EXPRESS

Sindh demands form centre to abolish excise duty on 6 services including banking

The word Fly was quoted just an example


TMA HEAD OFFICE 

DATE: June 13, 2015

DAWN NEWS

0.9pc infrastructure development cess on goods

Senate body recommends salary hike, cut in tax rate

PTBA accuses FBR of misusing authority

THE NEWS

Govt mulls changes in transshipment rules

SECP forms committee for dispute resolution

Withdrawal of internet tax hailed

Pakistan, Germany to set up joint chamber

B RECORDER

'The time is ripe for German investors to come to Pakistan'

FBR denies any Facebook page Connection

Federal budget earns praise, criticism in equal measure

Government's inappropriate approach

Turkmenistan ambassador visits TDAP

DAILY EXPRESS

Karachi chamber express reservation in increasing burden of tax on Taxpayers


TMA HEAD OFFICE 

DATE: June 12, 2015

DAWN NEWS

Regressive revenues

Traders in the crossfire

Reserves rise to $17.45bn

426 companies enrolled in May

‘Energy shortages to diminish gradually’

Attention All Taxpayers

Centre has assured Sindh of no gas outage for industries, Qaim tells SITE body

THE NEWS

Federal budget: A question mark on FBR’s capacity

Moody’s upgrades Pak credit rating to B-3: Dar

Make the most of PIAs Grand Discounts This Summer

Private sector lending dips 50 percent in July-May

Registers 426 firms in May

KCCI team leaves for China

B RECORDER

Tax exemptions: approvals by ECC shall require assent of parliament: FBR

Benami transactions: ''0.6 percent WHT to help unearth actual investments in real estate''

Power ministry notifies enhanced tariff

Senate body suggests cut in further tax Rate

Video-link system between KPCCI, FPCCI and other chambers launched

LCCI for 200bps cut in discount rate

Forex reserves up by $418 million

Tax on undistributed reserves: major amendment to Finance Bill against IA: Hubco

Chairman PCDMA opposes increased Penalty

Industrial associations demand full supply of gas as per allocated quota

DAILY EXPRESS

Gas supply to industrial zones matter will be taken up with prime minister

Miscellaneous fess likely to be enhanced in sindh budget

10% fixed tax on preserves will affect economy

LCCI expects 2% more cut in interest rate

GSP review will yield good results

Reserves rise to $17.45bn

Indian leaser ship should not underestimate us

PCDMA protest on non inclusion of their proposal in budget 


TMA HEAD OFFICE 

DATE: June 11, 2015

DAWN NEWS

Nepra allows Rs1-4 per unit surcharges on power tariff

Water stress

Merchandise exports fell by 5pc in July-May

‘No boost in infrastructure investments in Pakistan’

Remittances rise to $16.66bn

Two-day gas closure in Sindh opposed

Clarification

THE NEWS

Call to achieve targets in textile sector

Powerloom workers in Multan take to streets against loadshedding

Trade gap widens 11.73 percent to $19.735bln in July-May

Legal lacuna likely to foil super-tax collection efforts

‘Govt should encourage mortgage financing at lower rates’

Sindh industrialists’ slam gas cut

B RECORDER

Power, gas, POL products: MoF rules out cut in Sales Tax

Subsidy, surcharges: government plan approved by Nepra

Yarn and cloth PYMA rejects increase in sales tax

Textile trade: FCCI chief for all-out efforts towards increasing country's share

EU market: Pakistan fails to cash in on GSP Plus opportunity: PBC

Proposed Section 236P: banks required to collect 0.6 percent WHT from nonfilers

Senate continues debate on budget Treasury MP too criticises federal Budget

Tax travails

Budget debate

DAILY EXPRESS

Gas closure industries in Karachi will be shutdown

Trade gap widens 11.73 percent to $19.735bln in July-May

Incentives would be given to investors in new trade sector


TMA HEAD OFFICE 

DATE: June 10, 2015

DAWN NEWS

Employment data

Budget: some questions

Recalling black money

Govt eyes Rs425bn from oil and gas sector

Tax officials may get powers to search Premises

FBR performance disappointing, admits Member

Water supplied to 41pc city has no chlorine: Report

THE NEWS

FCCI chief suggests measures to meet energy, other challenges

Zero import duty for Qatar, UAE rulers proposed

Budget: lack of vision

Weight loss surgery booms!

No substantial progress made to control environmental pollution: SC

Sindh rejects federal budget; fears revenue loss

Budget fails to woo foreign investors

Lawmakers’ approval vital for SROs’ survival

‘Private sector investments must for infrastructure’

No incentives announced in budget for Karachi, complains KCCI

B RECORDER

All banking transactions: Dar to consider threshold of Rs 50,000 for levy of 0.6 percent WHT

Informal sector: raise in further ST to 10 percent opposed by Dar

Breaking down tax on excess reserves

'Non-filers to be tried under AMLA'

Microfinance in Pakistan: FINCA COO for no caps on lending of money to borrowers

Budget lacks steps towards boosting investment: OICCI

Sindh urges Prime Minister to withdraw some budgetary proposals

Commerce to move MoF for release of Rs 500 million

DAILY EXPRESS

Shortage of water will affect Pakistans economy

Super tax will be levied on income more than Rs 50 corore

Foregin investors expressed reservations on federal budget

Digital community starts protest in Punjab on tax on internet 


TMA HEAD OFFICE 

DATE: June 09, 2015

DAWN NEWS

14th Textile Asia International Exhibition

Delay in new car number plates irks buyers, Dealers

SC suspends LHC verdict on surcharges

Water scarcity may threaten nationaleconomy: IMF

THE NEWS

SC suspends LHC verdict on power surcharges

Pakistan negotiates three more free trade agreements

Internet providers to blackout websites in protest against imposition of tax

‘Govt should take action against tax evaders’

SECP launches web portal for investors

B RECORDER

Budget FY16: No relief to textile

Federal Budget: APBF slams Dar's 'calculator approach'

International Conference on Trade & Competitiveness

Budget can't be termed 'investmentfriendly': Yakoob

Decision of delegating SRO powers to Parliament hailed

Invoice, packing list: importers to pay Rs 50,000 fine for contravening rule

Import stage: Customs officers empowered to recover ST

Five export-oriented sectors: FBR enhances ST on textile inputs, goods

DAILY EXPRESS

KARI welcome withdrawal of powers form FBR on issuance of SROS

Exemption of zero rating withdrawn from more than 2 dozen industrial and commercial unites

Pakistans bedwear export to Europe increased to 35 corore dollars

Tanners welcome reeducation of duty on import of raw material


TMA HEAD OFFICE 

DATE: June 08, 2015

DAWN NEWS

Documentation steps

Business not enthused

Govt’s take on old and new investors

THE NEWS

Withholding tax on certain items may be abolished

INSIGHT New hopes, old fears

B RECORDER

Exchange of info relating to sales tax: FBR may be empowered to enter into deals with foreign tax departments

Corporate sector: Progressive Group hails cut in taxes

Budget draws mixed response

Dar's awkward drive

FTO's recommendations


TMA HEAD OFFICE 

DATE: June 07, 2015

DAWN NEWS

Battle of the budget

Widening the tax net

Govt aims at documentation of economy

THE NEWS

Banks bound to share details of account holders with FBR

Money remitted abroad for education taxed

Incentives for textile sector in budget

A horror story

Illegal surcharges

New law empowering FBR to seek details of expats bank accounts

Businessmen term incentives ‘far too low’ than expectations

‘Budget a good attempt to cover inefficiency’

B RECORDER

Low bracket groups: government provides relief of up to 60 percent in tax liability

HSD, POL products: RD replaced with customs duty: FBR

Businesspeople praise budget

Budget documents uploaded on FBR's Website

PIAF hails budgetary measures towards export-oriented industry

KP units get 5-year tax holiday

FPCCI chief assails budget

19 products' inputs: Duty concessions proposed to be withdrawn

DAILY EXPRESS

Budget is against business community expectations

Budget is neither public friendly nor business friendly

Withdrawal of authorization of SROS from FBR is good step


TMA HEAD OFFICE 

DATE: June 06, 2015

DAWN NEWS

Special incentives for manufacturing, agriculture, construction sectors

Taxation proposals: new levies and relief

Economic Survey reveals alarming facts about environmental degradation

Textile manufacturers disappointed

Little relief for middle class

Proposals fall short of industry’s expectations

Package for textile industry

US doctors perform ‘first skull-scalp transplant’

THE NEWS

Salient features of Budget 2015-16

16pc tax on hotels, motels, guesthouses, marriage halls, lawn, clubs

What to cost more and what to cost less

Budget fails to meet public expectations

A tale of missed economic targets

Non-filers of income tax returns to face the music

Talk shows mainly focus on politics: study

Budget 2015-2016

Indian loses job over beard!

Withholding tax on vehicles also reduced

Yea or nay from business honchos

Budget fails to cheer textile sector

World finance bodies start business with Pakistan: Dar

SRB reshuffle

B RECORDER

Rs 253 billion new taxation, administrative measures

BUDGET HIGHLIGHTS

'Super tax' introduced

Exim Bank of Pakistan to be operational during Fiscal Year 2016

Equity basis: most disputed provision of ST Law rationalized

Finance Bill 2015: ECC approval a must for issuing SROs, notifications

FPCCI hails budget

MCCI hails incentives

The Budget

Business leaders criticise budget

3-5 percent ST on textile inputs, goods: 10 percent sales tax levied on dairy Product

Education expenses: advance tax on persons remitting foreign currency proposed

DAILY EXPRESS

Per capita income   stands 1512 US$

Pakistans economy suffered loss of 107 billion dollar during 14 years 


TMA HEAD OFFICE 

DATE: June 05, 2015

DAWN NEWS

Economic Survey – all major targets missed

Economic Survey

Manufacturing in the doldrums

Tax losses up 39pc despite withdrawal of Exemptions

ST on raw cotton to hit exports, says KCA

Reserves at $17.03bn

THE NEWS

Budget today

Forex reserves decline to $17.02 billion

Standing committee recommends zero sales tax on textiles

Digitalisation toughens industry planners’ jobs

TDAP, PROMEXICO to sign cooperation agreement

50pc Pakistanis to have digital footprint by 2020

B RECORDER

Economic Survey 2014-15: FTAs worsening trade imbalances

KE extends due date of bills

 Lower LSM growth: Economic Survey reveals key reasons

The taxation challenge

Economic Survey: exemptions cause Rs 665 billion revenue loss

Gas supply-demand gap reaches 4BCFD

Economy surveyed

DAILY EXPRESS

KE extends due date of bills

Business community and industrialist expect business friendly budget

Recommendation to FBR for no payment no refund

KCCI opposed shifting of CPLC in CPO

Reserves at $17.03bn


TMA HEAD OFFICE 

DATE: June 04, 2015

DAWN NEWS

Govt urged to focus on SMEs growth

Aptma seeks zero duty on polyester fibre

THE NEWS

Withholding tax

SBP allows exchange companies to collect bills

TRC proposes monitoring of cash withdrawal of over Rs5mln

New SRB Tribunal chief

Fire damages two factories in New Karachi

B RECORDER

Machinery, equipment FBR proposes doubling of ST to 10 percent

Improvements in taxation system: FTO recommends key measures

TDAP chief urges Canadian investors to enter into JVs

Finance Bill 2015: FBR required placing all notifications, SROs before NA from July 1

DAILY EXPRESS

Fire damages two factories in New Karachi

SBP allows exchange companies to collect bills

Rawalpindi chamber expressed concern on reducing subsidy to energy sector

FBR should settle refund cases immediately Lahore chamber

Manufacturing cost should be brought down


TMA HEAD OFFICE 

DATE: June 03, 2015

DAWN NEWS

Power subsidies to be reduced by 50pc

Mexico to reopen its embassy in Islamabad

Public Notice 

Nepra’s charges

Budget: some suggestions

Zero-rated status sought

Task force for trade facilitation formed

India cuts interest rates for third time this year

Ban on prayers on chairs sparks outrage in Bangladesh

THE NEWS

FBR’s refund system bleeding both ways-I

Govt accepts FBR’s proposal to reduce withholding tax rate

Shareholders challenge amalgamation of KASB Bank in SHC

Budget and the corridor

China develops world’s first facial-recognition ATM

India’s RBI cuts interest rates for third time this year

Pakistan’s cotton production to rise 3 percent in 2015/16: ICAC

FBR puts the hammer down for additional taxes

Govt may impose new tax on mobile data usage

International Trade Exhibition 

B RECORDER

Rs 2.08 per unit refund approved by Nepra

Textile machinery import down by 52.48 percent in April

Five leading export-oriented sectors: National Assembly body recommends 2 percent uniform rate of ST

Budget proposals: BoI seeks tax exemption extension of 5 years

Only NS can do it

Supply of mineral water: FBR decides to charge ST

DAILY EXPRESS

Master mind of tax fraud arrested

Person driving without belt will be prosecuted

Tax likely to be imposed in budget on mobile phone data service

Govt should bring sales tax rate 10%


TMA HEAD OFFICE 

DATE: June 02, 2015

DAWN NEWS

Cut in export refinance rate sought

THE NEWS

Govt extracting money from power consumers illegally: LHC

Petrol up again

BD charges Rana Plaza owner with murder

Govt may bind exchange firms to deduct WHT

SRB suspends sales tax registration

B RECORDER

Input tax adjustment against services: FBR plans to impose restriction

FBR promotes 21 officers

PBIF urges FBR to release refunds to Exporters

FBR House: Internet access to remain blocked from June 3 to 5th

Finance Bill 2015: tax stamp mandatory for clearance of excisable goods

Sales tax on POL products slashed

DAILY EXPRESS

Whitening of black money through remittances detected

POL prices increased before budget


TMA HEAD OFFICE 

DATE: June 01, 2015

DAWN NEWS

Petrol, diesel prices raised

Contours of new budget

Fire breaks out in Bangladesh garment factory

Stabilisation vs growth trade-off

Addressing fiscal anomalies

GIDC to squeeze farmers’ incomes

THE NEWS

Petrol, kerosene prices up by Rs3.50, diesel Rs3.51 per litre

CPLC likely to be shifted to IGP’s office

Business community lauds LHC verdict to annul power surcharges

Unjustified tax

B RECORDER

Exports sputtering as imports ride

Textile exports down again

Export of warehoused goods without taxes: Government may amend Section 106 of Customs law

 Section 153(1) (b) of ITO 2001: FTO asks FBR to withdraw directions for minimum tax

Budget 2015-16: What can we expect?

Budget FY16: emerging contours of Challenges

''Toll Manufacturing'': FBR to strengthen its right of ST collection

DAILY EXPRESS

Profit of foreign investor’s increased