News Clipping - Archives June 2014

 


TMA HEAD OFFICE 

DATE 30th-June-2014

DAWN NEWS

India was first to impose travel restrictions

Textiles yet to reap benefit of GSP Plus

THE NEWS

Pakistan at No10 on fragile states list

Six hours a day loadshedding plan under threat

B RECORDER

No proposal to cut standard rate of ST: FBR

India's small retailers oppose foreign investment in e-commerce

DAILY EXPRESS

Bank will remain open today to collect taxes

Pol prices to remain constant

Catpheic and emirates and ithead air lines suspends air line from Karachi and Peshawar 

Investigation report of revenue data delayed

I lac persons will be trained in textile sector

FDI in Pakistan in creased

Govt should take steps to reduce imports and increase exports 


TMA HEAD OFFICE 

DATE 29th-June-2014

DAWN NEWS

Revival of Pak-India trade talks to be discussed next month

Financial irregularities

‘Textile industry confronting problems’

CNG sector seeks fair treatment

Sindh raises stamp duty on LCs opening

SITE units face low gas pressure

THE NEWS

Only one person to receive or see off passengers at airports

Ogra increases tariff of gas companies

Only one person to see off or receive air passengers

Sindh rejects hike in vehicle registration tax

RTO asks withholding agents to pay penalty

TDAP invites commercial diplomats to participate in Expo Pakistan

Bureau of Statistics irks exporters

SITE industrialists concerned over low pressure of gas supply

Loan means business

Aptma Punjab warns against worsening crisis

B RECORDER

$26 billion export eyed: MoTI finalises new Textile Policy draft

Industrialists irked by low gas pressure

Government told to notify rates of power Tariff

Gas office to be set up, Asif tells Sialkot Businesspeople

APTMA irked by spectre of power Loadshedding

Only one person can see off, receive passengers at airports

Public Notice

DAILY EXPRESS

Citizens worried by increasing withholding tax on motor registration by 900%  

Auditor general certified corruption is state SBP

Pak-India trade can be increased by 2 billion dollars 


TMA HEAD OFFICE 

DATE 28th-June-2014

DAWN NEWS

Ogra proposes slight increase in oil prices

Nisab-i-Zakat fixed at Rs38,810

Banks earn Rs5.3bn illegally: report

Govt striving to boost industrial sector: Jatoi

Textile skill development plan for youth

Extended blackouts during Ramazan feared

Circular debt

THE NEWS

Senior Customs and IR officials assume charge

ECO-CCI members refuse to visit Pakistan

Collectorates to facilitate trade on holidays

FBR imposes 5pc regulatory duty on 282 luxury items

LCCI opposes 4-day bank holidays

Women labourers increase without empowerment

B RECORDER

New Fifth Schedule: no duty concession on machinery import

29 officers of Inland Revenue Service Promoted

APTMA to launch internship programme

125 multinational businesses: FBR fails to recover Rs 29.588 billion FED

Garments, textile sectors: six working groups formed to increase exports: Shahbaz

Power shortfall reaches 4,000 Megawatts

KATI seeks latest arms for police

Setting up industries in Fata: Zero percent duty to be applicable on machinery import

DAILY EXPRESS

5 point agenda placed to get benefit from GSP+

APTMA announced to give vocational training to youth around the country

Political instability is the Obsctacle towards economic development

Banks to remain open on 1st Ramadan

No reeducation in GID cess rate 


TMA HEAD OFFICE 

DATE 27th-June-2014

DAWN NEWS

Hike in wellhead gas price to deprive provinces of GDS

Forex reserves increase

Foreign investment may pick up in 2015

Banks to facilitate taxpayers

Textile policy to promote value-addition

Pakistan market potential highlighted

Inspection tensions add to Bangladesh garment industry’s woes

KWSB, KE told to ensure uninterrupted Supply

THE NEWS

FBR to issue tax cards for property transactions

Finance ministry challenges figures given in report by The News

Power, water utilities told to get their act together

Bank timings

Forex reserves rise to $14.2bn

Leather exports decline by 14 percent

Economists concerned over accumulation of external debt

‘Additional $3bn textile exports during next two years’

GSP Unit chief visits Aptma

SSGC doubles efforts against thieves

B RECORDER

Import of 282 luxury items: five percent RD imposed

SRO.575(I)/2006: duty concession on imports withdrawn

FBR issues seven pending ST Notifications

Forex reserves cross $14 billion mark

Nisab fixed at Rs 38,810

Made in Pakistan Expo 2014 to fetch big export orders: PRGMEA chief

41 FBR officials promoted

PTA body chief urges government to exempt exporters from GIDC

Property registrations: Karachiites coerced into paying Rs 15 billion estimated annual bribe

Leakages from the tax system

Bank holiday

Tax collection from 28th to 30th June: Banks' authorised branches to remain open for extended hours

Policy Note issued: CCP focuses on GIDC levy and not gas cut: experts

S.R.O.565 (I)/2006: IOCO empowered to deal with importers' issues

DAILY EXPRESS

Rs 38,810/- Fixed for zakat deduction

5% duty levied on import of Curd honey and vegetable

Concern banks branches to remain open Saturday and Sunday to collection taxes

0% GST be on textiles

Forex reserves cross $14 billion mark

Sugar free deinks does not reduces weight

To archive tax target RS 138.66 billion is required within 4 days 


TMA HEAD OFFICE 

DATE 26th-June-2014

DAWN NEWS

Vietnam seeks to boost trade

Amin Fahim gets protective bail in TDAP scam case

THE NEWS

Amin Fahim granted protective bail in TDAP scam

APCNGA wants 12-hour gas supply five days a week

Chemotherapy to get less painful

PA passes budget sans GST on health, education

Police start monitoring foreigners’ movements

FBR serves show cause notices to senior IRS officers

Emirates, Etihad suspend flights

Chinese firm to invest in Textile City

Pakistan needs competitive freight services: experts

B RECORDER

Finance Act 2014: President gives his assent eagerly

Cotton sowing target fixed at over 6 million acres of land

Economic revival: PIAF seeks conducive atmosphere for trade, industry

MoU between TPO, TDAP in pipeline: Vietnamese Trade Mission seeks enhanced trade volume

Post-budget seminar: experts term Sindh budget 'jugglery of figures'

Incompetent Customer Care Centre:KElectricb consumers complain about hardship in lodging complaints

Continuation of GSP plus status: PBC for ensuring compliance of 27 Conventions

Textile City Karachi: Chinese group shows investment interest company

Concealment of facts: FTO orders contempt proceedings against complainant

Lab testing of fabric consignments: customs mulls lodging FIRs against 100 importers

Sindh Finance Bill 2014 adopted Unanimously

India moves to set up industrial parks with China

DAILY EXPRESS

Due to EU+ package textile exporters increased

Due to reduction in tariff of fabrics corruption is increasing

Indonesian consul general emphasized on focusing Pakistan soft image

KATI spending on police patrolling RS 22 lacs monthly

All facilities will be given to foreign inventors  


TMA HEAD OFFICE 

DATE 25th-June-2014

DAWN NEWS

EU seeks duty removal on raw material

Better cotton initiative

Nepra cuts power tariff by 82 paisas

THE NEWS

Govt to regulate LPG sector under new policy

Majority stalls booked in Mumbai expo

APTMA for broad-basing BCI

LCCI demands cut in discount rate

B RECORDER

Recovery without evidence of authority: banks urge FBR chief to rein in his field officers

Seven types of transactions: non-filers of tax returns to pay enhanced WHT rates

'Taxpayers yet to get income tax credit worth Rs 5.5 billion'

Debate on budget 2014-15 concludes: Qaim for introducing agriculture income tax soon

Expansion of BCI cotton to boost textile exports: APTMA

APBUMA hails two-year extension in SRO 809

Socioeconomic uplift top priority: Dastgir

LCCI urges SBP to bring down discount Rate

Pakistan wants better ties with neighbouring countries: Dar

Rise in C/A deficit

EU assures continued support for Pakistan

Law & order in Karachi

Electricity tariff: Nepra approves 82 paisas per unit decrease

DAILY EXPRESS

Chief Minister sindh announced to impose agriculture income tax

Business community demands reducing interest rate by 3%

Trying to remove trade barriers 


TMA HEAD OFFICE 

DATE 24th-June-2014

DAWN NEWS

Emirates to seek damages over Qadri episode

‘Do something’

Water ‘load-shedding’

Sindh seeks its share in unutilised GIDC

FBR urged to modify e-filing

Dollar crosses Rs100

Sales of refrigerators split ACs double

Cut in agriculture tax suggested to expand tax net

THE NEWS

‘Private chartered flights can earn up to $500m per annum’

Foreigners encouraging local investment

Ten companies participate in SAITEX, AB7

B RECORDER

Interest on loans, T&D losses: government wants to recover Rs 89 billion from consumers

LCCI hails Punjab government on revival of economic activities

E-filing of returns: taxpayers face problems in adjustment of ST

Foreign investment net inflows surge to $3.712 billion in 11 months

'Maulvi-Chaudhry alliance becomes laughing stock

Distinction between filers and non-filers

Worsening law and order situation: KCCI to approach Prime Minister for army's deployment in Karachi

Under-invoicing rampant on imports from UAE

Budgetary measures: FBR to issue 10 notifications after MoF nod

DAILY EXPRESS

GSP Plus, exports to Europe will be more than expectation

Without consultation with provinces 3 slabs of general sales tax has been levied

Action plan has been chalked out to achieve exports target up to 50 billion dollars

1 million visited my Karachi exhibition

Gas tariff to be increased from 1st July

Sindh Govt had reservation on collection of GID cess  


TMA HEAD OFFICE 

DATE 23rd-June-2014

DAWN NEWS

Remittances rose to $12.89bn in 10 months

THE NEWS

WHO sounds caution for S Arabia visit

Playing football can lower BP

B RECORDER

Sales Tax Special Proceduures (Withholding) Rules, 200: compliant taxpayers being harassed to achieve budgetary targets

Eleventh International 'My Karachi Exhibition' concludes

The Finance Act

Prices of POL products unlikely to change in July

DAILY EXPRESS

Textile sector demands separate utilities tariff

Mobile phone sets gathered from vendor to receive tax proposal

1 lakh 20 thousand FBR has issued notices to tax evaders

Sat, gradually, the energy crisis and the downturn in gas tariff hike Cotton Markets

Govt should decide whether cellular companies are impotent on human lives

Trying built on agenda of country’s economic strength


TMA HEAD OFFICE 

DATE 22nd-June-2014

DAWN NEWS

Missing trade unions

NA passes budget, eulogises Benazir

New FED rates Amendments introduced toFinance Act

THE NEWS

NA passes federal budget;opposition’s amendments rejected

Pakistan faces challenges in boosting economic growth

FPCCI opposes expulsion from KPT board

B RECORDER

Finance Bill sails through: tax-relate amendments moved by treasury approved

NDMA status: government asked to link trade liberalization to core issues

FED rates on domestic air travel fixed

Amended Finance Bill specifies Taxation Measures

Tax evasion case another man arrested

DAILY EXPRESS

Opposition finance the federal budget bill passed the National Assembly rejects amendments

Production of large scale industries increased by 4.3% between Julys to April

A total of seven industrial zones convened meeting of unrest organizations


TMA HEAD OFFICE 

DATE 21st-June-2014

DAWN NEWS

K-Electric rejects Nepra’s allegations

57 proposals to Finance Bill accepted

Textile industry seeks GIDC withdrawal

THE NEWS

Minimum wage increased to Rs12,000

Duty-free imports go up, average rate falls during July-May

Nepra accused of committing contempt of court

Govt urged to review investment policy

KCCI to prepare action plan after kidnapping of businessmen

'PRBF helping boost Russia, Pakistan trade’

Punjab Aptma slates govt move

B RECORDER

Duties, tariffs and levies: steps won''''t go into effect until President gives his assent to Finance Bill

Sitara Chemicals to set up 35MW powerplant at Faisalabad

Finance Bill 2014: Dar reviewsamendments proposed by MPs

K-E power shutdown notice

Textile exports in peril: country may misscotton sowing target

An impractical proposition

Brief on amendments proposed inFinance Bill 2014

DAILY EXPRESS

Pakistan's trade deficit with India exceeds U.S. $ 1 billion 47


TMA HEAD OFFICE 

DATE 20th-June-2014

DAWN NEWS

K-Electric bosses ordered over-billing, says Nepra

Reserves increase to $13.571bn

Incentive scheme for overseas Pakistanis

Call for cut in telecom taxes

Home dept sets up helplines, email

THE NEWS

Current account deficit widens to $2.57 billion

‘Doing business challenging in Pakistan’

Forex reserves rise to $13.5bn

‘Around 80 percent population living below poverty line’

CRPC concerned over tax reforms

SAI concerned over FBR officers powers

‘Efforts being made to enhance trade’

B RECORDER

Export refinance limits extended for two Months

Increased revenue collection: GIDC, GDS put under ''other tax revenue'' head

Dr Song Jong-Hwan visits Lahore Chamber: sector-specific strategy to help increase trade: Korean envoy

Textile industry: APTMA ready to mainstream sustainability: Ahsan

Textile sector rejects revised GIDC

''ATL'' unveiled for IT deduction at Source

Concessions in the proposed budget

LTU attaches bank accounts of 17 firms to recover Rs 18 billion taxes

DAILY EXPRESS

Industrialist’s demands placement of Army in 7 industrial zones

Fixation of minimum wage through finance bill is illegal

Foreign exchange reserves increased by $ 11.43 million

List of 8 lacs active tax payer’s deductions at sources announced

Overseas Pakistan can play role in country’s developments

Enhancement of powers of FBR officers not acceptable

Taxes levied in mobile phone services be reduced 


TMA HEAD OFFICE 

DATE 19th-June-2014

DAWN NEWS

Polio debacle

Canadian policy

Power-saving solutions

Human values

Water loadshedding?

TDAP, Indian minister dicuss trade

THE NEWS

New proposals

Privatisation in line with previous govt’s plan, says Dar

IHC stays 15pc extra sales tax on CNG stations

Legality of GIDC questioned

TDAP to reprise ‘Lifestyle Pakistan’ in New Delhi

Ukrainian Chamber chief calls on FPCCI president

‘SMEs development key to economic prosperity’

Revised GIDC unacceptable, illegal: Baig

B RECORDER

Enhanced rates of WHT for IT non-filers: banks term government moveimpractical

Exemption notifications: entries transposed to relevant Schedules of Customs Act: FBR

Paapam seeks withdrawal of alternative minimum tax

Astana all set to organise EXPO 2017

Textiles development collaboration: Pakistan, Tajikistan ink MoU

TDAP plans second edition of Lifestyle Pakistan exhibition in New Delhi

Subsidies remain a concern: changes in tax laws not likely to impact revenue

KCCI finalises arrangements for 'My- Karachi Exhibition'

Bank AL Habib offers higher monthly Returns

Senate and the budget

Finance Bill amended: restriction on ST input tax adjustment removed

Soft drinks maker invests in Pakistan, Egypt, sees big sales growth

Imports from China in 2013: study reveals $3.3 billion under-invoicing, misreporting

DAILY EXPRESS

Bribes in exchange for issuing medical certificates from hospitals revealed

The government does not pay for electricity, Ahsan Iqbal

Under-Invoicing aurms imported from China in 2013 Reached U.S. $ 3.3 billion in the reporting


TMA HEAD OFFICE 

DATE 18th-June-2014

DAWN NEWS

Nepra may change terms for domestic Consumers

Dar extends relief package to boost exports

FDI shows paltry growth

Trade chambers seek GIDC withdrawal

THE NEWS

Incoming calls to Pakistan to cost less

TDAP scam: Ex-PM Gilani gets bail in 12 corruption cases

Sugar impacts brains of kids, adults differently

Gas surcharge, additional tax on cement withdrawn

FDI inflows remain lacklustre in 11 months

Cathay Pacific to suspend Pakistan operations from 29th

FBR, provincial authorities’ agreement violated

B RECORDER

Gas cess reduced, agriculture sector given relief

Rs 250 ST imposed on SIM cards

Fiscal Year 2014 tax target: FBR required to collect Rs 170 billion in 13 days

Pakistan-India trade: 'government committed to addressing concerns of businessmen

July-May FDI up 2.5 percent

Industrialists seek review of 'abnormal' increase in GIDC

Fazal Mahmood assumes charge as Director, EPD SBP

LCCI urges FBR to stop harassment

MQM proposes cut in indirect taxes to disburden the poor

Man involved in issuance of fake invoices held

Pakistan, India to resume trade talks next month

DAILY EXPRESS

July-May FDO up 2.5 percent

Far reaching reforms in taxation system is being introduced

FBR assured FPCCI for reducing gas tariff

Atmosphere of industrialisation in sindh favorable 

Imposition of 2 new taxes on CNG sector is in justice

Country 8 chambers demands total abolition of GIDC 


TMA HEAD OFFICE 

DATE 17th-June-2014

DAWN NEWS

Gradual increase in GIDC under Consideration

THE NEWS

Budget deficit likely to surge by 0.9 percent

Sindh imposes sales tax on education, health services

‘Economics of war to benefit industries’

‘Politicians wasting Pakistani entrepreneurial spirit’

Exports to Japan historically high

KCCI demands army deployment

B RECORDER

All sources and sectors: Senate for imposition of income tax on all taxable incomes

Provincial budgets contain disparity in ST rates on services

KCCI, KATI urge government to deploy army all over Karachi

Commercial counsellors: PIAF welcomes TDAP to fix export targets

New gas connections: about 1.5 million applications pending with SNGPL & SSGC

Nepra asks KCCI to hold hearing on power issues

Punjab ginning units: arrival of phutti marks beginning of cotton season

Selection of case for audit: IRCommissioner commits error: FTO

ILO official urges implementation of ILS

DAILY EXPRESS

Cotton ginning of the new season started in Pakistan

Waziristan operation announced full support of small traders

Consider approval of the budget mujudana mlyzktm

Budget to address concerns from the business community Shamil Daood


TMA HEAD OFFICE 

DATE 16th-June-2014

DAWN NEWS

FBR revision of targets slashed Sindh’s uplift budget: official

Minimum wages: issues to consider

Removing cobwebs in Indo-Pak trade

THE NEWS

BD accuses 17 over factory disaster

Indo-Pak financial facilitation

‘New and revised taxes to generate Rs3.2bn every year’

B RECORDER

Wal-Mart to launch e-commerce platform in India

Bangladesh exports up 7 percent on garment sales

17 accused over disaster factory Construction

DAILY EXPRESS

Sindh, at most 5% of patients treated in private hospitals pay income taxes


TMA HEAD OFFICE 

DATE 15th-June-2014

DAWN NEWS

Federal cess on gas disputed

International Trade Exhibition

Businesses urge govt to revise proposed tax Hikes 

Federal budget for next year reviewed

THE NEWS

Two budgets

FDI sees dramatic fall in six years: economists

Misleading data keeps economy on its toes: experts

FPCCI terms terror attack serious security lapse

B RECORDER

Budget termed non-growth oriented: Chambers decry new taxation measures

Proposed Punjab IDC may increase cost of production

Punjab chief minister rejects IDC

B2B meetings: LCCI team leaves for France, Germany

Energy crises, high cost of doing  business: PTEA urges government to save textile sector from disaster

Security threats: Customs employing highly controversial measures

Excessive loadshedding in Faisalabad: Abid Sher Ali, trade leaders exchange Barbs

DAILY EXPRESS

Budget appease the IMF was seen, All Pakistan Chambers

Arrangements completed to overcome power crisis

Sindh demands to end GIDCESS

Pak-Romania enhanced by 10 times during 3 years period


TMA HEAD OFFICE 

DATE 14th-June-2014

DAWN NEWS

FBR: tax refund

Senate committee calls for freezing power Tariff

THE NEWS

Rs14 bn Sindh deficit budget announced

Punjab slaps more taxes on luxury houses, cars

Government to add 575MWin the system next year

GIDC termed unconstitutional; withdrawal urged

Mobile interbank fund transfer service launched

Misbah LCCI acting president

B RECORDER

Sindh seeks to reduce sales tax on Services

Increase in FED rate: MoF rejects FBR Proposal

K-E installs new low-cost meters in underprivileged areas

SMEs in Southern Punjab hit by power Loadshedding

Taxes and Dar

Five-day CNG suspension hits people Hard

Qaim urges government to withdraw GIDC

Prolonged loadshedding gives boost to sale of generators and UPS

GSP Plus: governments directed to implement International Conventions

There must be no raise in tariff in presence of power loadshedding: proposal by Senate body

DAILY EXPRESS

10% increased in salary and pension 

Value added textile exporters will get RS 180 billion incentives

Restricting of TDAP begins 


TMA HEAD OFFICE 

DATE 13th-June-2014

DAWN NEWS

Cathay Pacific clarifies report

Exports slip in May amid energy shortages

Reserves rise

Sindh urged to boost agri tax collection

Indian industry output rises

THE NEWS

Gold prices may plunge to five-year low

Forex reserves post nominal increase

IPR identifies taxes to boost provincial revenue

Sindh should ensure tax collection on agri income: FPCCI

LCCI Achievement Awards in August

B RECORDER

Forex reserves to cross $14 billion mark by month-end: Dar

Cars exceeding 1800cc: FED withdrawal to boost ST collection: Bajwa

Corporate tax cut to 20 percent for foreign investors: Senate body told

Whether power supplied or not?: Consumers have to make regular payment of bills

Budget 2014-15: Punjab government to avoid any new tax

Prime Minister to be chief guest at LCCI Achievement Awards ceremony

KMC to set up Polio Vaccination/Travel Care Centre

Budget debate in National Assembly: government asked to focus on direct taxes to improve revenue collection

Power shortfall crosses 8,000 megawatts Mark

Sales tax on retailers

Making industrial zones: crime-free Industrial bodies taking steps on selfhelp Basis

MCCI hails PSJCCI newly-elected body

Cathay Pacific Airways still operating to Karachi

Trade deficit shrinks by 5.66 percent YoY

DAILY EXPRESS

Forex reserves to cross $14 billion mark by month-end Dar

Exports exceeds to 23 billion US$ 11 moths

Saarc chamber delegation left for New Delhi 


TMA HEAD OFFICE 

DATE 12th-June-2014

DAWN NEWS

New layer of super bureaucratic cadre planned

Taxes for the poor

Budget gimmick

Investment in Pakistan to improve

Duty on imported cotton opposed

Plgmea team meets Dastgir

Plan for cotton seed development

THE NEWS

Power sector close to collapse under Rs513.37 billion debt

Importers uncertain about compensation

Remittances grow by 12.37pc to $14.33bn

FIA seeks TDAPs exhibition spending details

Change in Pak-China Economic Corridor route opposed

Govt to allocate Rs80bn in textile policy

Protectionism to local industries opposed

SECP advises public sector companies

Nadra to deploy VERISYS in LCCI

Aptma complains of low gas supply

B RECORDER

ST not applicable on edible items Senate body told

Nepra blamed for rising problems of K-Electric consumers

APTMA seeks gas supply at optimum pressure

Nadra to provide Verisys system to LCCI

Power shortfall surges to 3300 megawatts

KAP incident sends negative signal abroad TDAP chief voices concern over increase in GIDC

Proposed textile policy 2014-19 government eyes on increasing exports by $2 billion each year Afridi

Economic corridor Country to benefit from uplift in west China Ahsan

International tax treaties no powers to look into highly contentious matters FTO

DGI&I suspects manipulation in value Clearance of fabric consignments at Karachi, Faisalabad ports blocked

PCDMA slams customs tariff hike on import of dyes

APTMA points out several anomalies in budget

Eradicating child labour a global challenge

Rs 120 billion target for fiscal year 2014 government collects Rs 70 billion GIDC

World Bank estimates 3.7 percent growth for 2013-14

Cathay cancels Karachi flights

Over $14.33 billion remittances received in July-May


TMA HEAD OFFICE 

DATE 11th-June-2014

DAWN NEWS

Agriculture income tax

Hike in gas levy, power tariff opposed

Incentives to boost textile exports by $2bn: Minister

Aptma Punjab threatens strike

10pc tax on rental income

Sindh budget to be announced on 13th

THE NEWS

FBR to get powers to raid tax evaders without warrants

‘MFN status after transition of Indian govt’

FPCCI demands uniform tax rate on rental income

Probe by Indian intelligence agencies termed a major non-tariff barrier

Govt flayed for poor economic management

Raise of 200pc in GIDC illegal: Baig

Language classes start at PCJCCI

Aptma Punjab contemplates shutting down mills

KCCI demands stronger action against lawlessness, crime

Farmers abandon cotton for higher profits

B RECORDER

Dar criticised for failing to revive wealth tax, raising GIDC

Government decides to set up Exim Bank

Power shortfall jumps to 3600 Megawatts

Australian HC calls for expanding trade Ties

Punjab budget on June 13

Budget protects financial interests of the rich: AKTI

SITE body chief rejects hike in gas price

Sindh chief minister to present budget on June 13

Foreign missions announce travel Warnings

Withdrawal of duty on dyes: Kamal seeks Afridi's intervention

Water supply to city hit by unannounced Loadshedding

Industrial, business community for steps to improve law, order

TDAP holding second edition of 'Lifestyle Pakistan' at New Delhi

Counter terrorism and defence Pakistan, Nigeria agree to strengthen cooperation

Violation of loadshedding schedule: FIA exonerates APTMA member mills from allegation

Some cotton growers shifting to other Crops

Investment stimulus of the budget

Government accused of giving away Rs 104 billion tax exemptions to ''powerful'' Businessmen

Sindh, Punjab budgets on Friday

Issuance of SROs: no law violated: FBR Chief

Appeal to save Karachi Industries

DAILY EXPRESS

FTAs with china and other countries to be revisited

Life Style Pakistan will be held on September at New Delhi

Clearance in customs air freight unit is suspended for last 2 days 


TMA HEAD OFFICE 

DATE 10th-June-2014

DAWN NEWS

Budget: with an eye on IMF

‘Poor’ agriculture tax collection by provinces annoys Dar

Amendments in tax laws introduced

Brazil wants to boost trade ties

India sets out investor-friendly reform Agenda

THE NEWS

Govt not to retire circular debt, Dar tells Senate

Long hours in front of the computer? Beware of RSI

US offers help in airport attack probe

Attention companies AOPs individuals

FPCCI demands withdrawal of raise in GIDC

‘Brain drain plaguing Pakistan’

SBP’s reminder

BQATI criticises GIDC increase

Lifestyle Pakistan in India on Sept 11

B RECORDER

Agriculture income tax: Provinces not ready to authorise FBR: Dar

New Indian government committed to promote trade: Raghavan

APTPMA demands withdrawal of 200 percent raise in GIDC

Turkish businessmen ready to initiate joint ventures

Turk delegation condemns attack on Karachi Airport

Pakistan, Slovak may establish JTC for enhancing trade

MQM urges government to pay compensation to businessmen

Budget: pro- or anti-corporate sector

Top 10,000 retailers to be brought into tax net: FBR chief tells Senate body

DAILY EXPRESS

New Indian Govt is keen to increase trade with Pakistan

Volume trade with eastern and central Europe to be increased

CESS on imported consignments to be withdrawn at Karachi air port

FBR 10,000 traders to be brought in to tax net

Enhancement in gas tariff by 200% be taken back immediately

Agents are not responsible for corruption in customs clearance 


TMA HEAD OFFICE 

DATE 09th-June-2014

DAWN NEWS

Whither SROs?

Lure of old economic model

Rupee up against dollar

THE NEWS

Ombudsman and the economy

‘Pro businesses'

Government has accepted about 70 percent proposals presented by the FPCCI in its shadow budget

More than 50 percent budget proposals forwarded by KCCI have been approved

The decision to constitute a national food security council is a step in the right direction

Tax relief for salaried class in next budget, claims Dar

B RECORDER

Provincial budget 2014-15: FCCI sends recommendations to Punjab government

China's trade surplus rises to $35.92 Billion

Provision of quality products: president underlines importance of accreditation services

Non-profit bodies may be taxed if not file returns, WHT statements

Energy shortage – I

'Textile industry should be provided with level playing field,' CEO, Nishat Chunian Limited

DAILY EXPRESS

Water shortage becomes severe

Digital number plates and registration card to be issued for vehicles in sindh

Trade delegation to call on finance minister 


TMA HEAD OFFICE 

DATE 08th-June-2014

DAWN NEWS

‘Harassment’ of textile mills unacceptable

Power and industry

Budget speech

THE NEWS

Govt slashes Haj expenses

Revenue collection target of Rs 2.81trn achievable

Aptma defends accused textile mills

B RECORDER

One percent WHT to be charged on purchase of property: effective from July 1

Traders suffer Rs 12 billion losses during closure of markets

Ogra brings SNGPL, SSGC to near Bankruptcy

Unauthorised use of electricity: harassment of mills not acceptable: APTMA

'Budget represents business-as-usual approach'

Wal-Mart appoints vice chairman

Massive ST evasion scam: around 250- 300 registered persons found involved

DAILY EXPRESS

Due to change in weather sever heat and low rain fall expected

A commission formed to bring sales tax % to single digit

Rs 795 billion collected through sales tax

No country can prosper without foreign investment

FBR asked chief commissioners to achieve target of revenue collection

Documentation of economy is a must  


TMA HEAD OFFICE 

DATE 07th-June-2014

DAWN NEWS

SECP registers 482 firms

Exports to UK surge

LCCI seeks withdrawal of increase in GIDC

Opposition rejects ‘pro-elite’ budget

Pakistanis set to bear extra costs of essential imported items

THE NEWS

Govt intends to get budget passed from NA by June 21

Hike in gas tariff rejected by KP CM

Provide uninterrupted electricity at low rates, LHC tells government

‘White-collared extortionist’ arrested

SECP notifies draft regulations on proxy e-voting

SECP registers 482 new companies

Aptma rejects increase in GIDC rate

LCCI to have Nadra desk

‘Businessmen not acknowledging adverse effect of corruption’

B RECORDER

Pak-UK bilateral trade registers 26 percent growth in 1Q

Transposition of SRO.575(I)/2006: ST relief on large number of machinery, equipment retained

Power shortfall remains 3300 megawatts for second day

Businesses express mixed reaction: PCGA demands withdrawal of five percent sales tax on oil-cake

LCCI to have Nadra Desk in premises anytime soon Areas

Rs 325 billion collection target: Chief Commissioners directed to focus on 14 Trade activity limps back to normal

People don't trust taxation machinery: Dar

Industrial estates: Corps Commander rules out imposition of emergency

Government urged to withdraw GIDC Hike

Budget to brighten investment prospects: BoI chief

''Ease of doing business'': Pakistan slips to 110 in World Bank index

SPI inflation up 8.39 percent YoY

Proxy e-voting: FBR unveils regulations for listed companies

DAILY EXPRESS

Increase in gas tariff is illogical

It is un justice to differentiate between commercial and industrial sector

KCCI demands to end anamolies before budget 

Smuggling will increase by imposing 17 % sales tax


TMA HEAD OFFICE 

DATE 06th-June-2014

DAWN NEWS

PIA cuts 26 foreign, domestic flights

KP rejects increase in gas tariff

Govt changes duty structure

Finance bill sours FPCCI’s budget euphoria

Pollution-ridden Bangladesh unveils green tax in budget

CM orders action against those forcing business closure

KE extends billing date

Attention outbound travels

THE NEWS

Duty on several items raised

SECP directs non-listed firms to share information

FBR to net Rs50bn through withholding tax

Forex reserves flat at $13.43bn

FPCCI terms budget satisfactory

Efficient infrastructure use emphasized

Rise in GIDC opposed

Water supply plan devised for SITE Area

PTCL, KE extend bill deadline

B RECORDER

NDMA prospects: Commerce ministry waiting for green signal

APTMA praises budget as pro-textile Industry

Baig voices concern over GIDC increase by 200 percent

Government urged to explorenontraditional markets to diversify exports

Industrialists urge government to withdraw 200 percent increase in GIDC

Levy of 17 percent ST on import of finished goods notified 

K-Electric extends bills' due date

Customs regulations of CBSA:noncompliance may cause ban on direct  PIA flights to Canada

E&T department to replace vehicle registration book with smart card

Forced closure of markets rumours create chaos, confusion in metropolis Post-budget briefing

Government decides to recall commercial counselors

Return filing by NRPs: amendment proposed to exclude trade body members

Customs ''vagaries'' may pile up consignments at ports: 17 percent ST enforced before July 1

DAILY EXPRESS

President is being empowered to allow payments directly by SBP

Pollution of motor vehicles is the main cause of environment in Pakistan

Date of payment of eclectic bill extend

Bureaucracy has played its game in budget

Sales tax increased from 5% to 17 % in finished goods meant for imports

Denim manufactures rejects increased in gas tariff  


TMA HEAD OFFICE 

DATE 05th-June-2014

DAWN NEWS

People don’t trust taxation machinery: Dar

Workers term 10pc raise in pay, pension Peanuts

Additional duty imposed on luxury goods

A disappointing budget

Gas losses: consumers

Budget 2014-15: Minister’s perseverance saved the rich

Karachi closure costs Rs30 billion

Budget is pro-business: OICCI

India may lift restrictions on foreign online Retailers

THE NEWS

Price hike won’t be allowed, says Dar

Businessmen, govt employees term budget ‘jugglery of words’

MQM appeals to traders, transporters to resume activities

No CNG shutdown today

Businessmen suffer loss of over Rs4.5 billion

Revenue body penalises officers of Customs, Inland Revenue

Economists term budget disappointing

Budget a step towards fiscal consolidation: foreign investors

Duty on luxury goods hailed

Aptma, Chinese firm sign agreement

Arshad appointed as FPCCI panel chief

‘Environmental time bomb ticking away’

B RECORDER

IT returns: ''government committed to ending culture of non-filing''

MQM asks people to resume normal life

Checking income misclassification to yield Rs 17 billion

Traders, industrialists term budget 'balanced'

US issues travel advisory for citizens

Altaf's arrest, terror threats: UK, Australia advise citizens against visiting certain areas

PTEA hails federal budget as Progressive

FCCI reckons budget people,businessfriendly

PIAF terms budget economic revival Plan

US Embassy issues polio vaccination advisory: US citizens in or intending to travel to Pakistan

OICCI hails budget

Mehmood Arshad re-appointed chairman FPCCI body

Japan inks accord to extend Rs 5 billion loan for energy sector

Closure of markets: three million daily wage earners rendered jobless: industrial & revenue losses estimated at Rs 15 Billion

Two-day cargo suspension costs exchequer Rs 4 billion

Industrial activities in city remain Paralysed

PTCL bill payment date extended

Bangladesh halts shutdown of 'unsafe' garment factories

Consumer Price Index (CPI)

330 megawatts coal-fired power plant: APTMA Punjab, Chinese firm sign MoU

Reducing CNG vehicles to 920,000 by 2015: National millennium development goal achieved

Water, power sector: Prime Minister gives Nargis a free hand

DAILY EXPRESS

Traders and transporters asked to resume actives

Drastic action will be taken against artificial increase in prices

1 % custom duty imposed on import of vegetables and pulses

Severe load shedding inspite of business suspension 

Issuance of polio certificate

Govt has reduced subsidy to RS 37 billion

Sales tax imposed on import of mobile phone as well as registration there of

RS 300 per MMBTU cess proposed for jancos

Who is tax defaulter clarified in finance bill    


TMA HEAD OFFICE 

DATE 04th-June-2014

DAWN NEWS

Additional taxes to yield Rs231bn

Relief for the rich, peanuts for the poor

More taxes await citizens

Boons and banes

Funding for environmental projects reduced to Rs25m

THE NEWS

New tax rates on cars, vehicles

Budget salient features

Opposition dubs budget removed from reality

Textile sector gets incentives

Non-taxpayers to pay more, severly dealt with in budget

The science of taxes

Corporate tax reduced to 20pc on new investment in construction, housing

Club, first class air fare goes up

CNG prices may go up

FPCCI terms federal budget business-friendly

Businessmen satisfied

APCNGA rejects taxes

One percent fall in property tax a joke: Lakhani

Budget growth-oriented: Punjab traders

Budget facilitates better taxation: Mansha

Budget termed export-friendly

B RECORDER

HIGHLIGHTS

Belligerent Budget

Rs 246.255 billion new taxation measures taken

ISL abolished

Used in manufacturing or sales Input tax adjustment on goods & services restricted

Budget acclaimed as 'balanced' by business community

APCNGA rejects additional taxes

APTMA praises budget as pro-textile Industry

Proposed amendment to SRO 1125 (I)/2011 criticised

Textile makers-cum-exporters hail Budget

LCCI terms budget energy, infrastructure focused

Emirates to fly six times a day from Karachi to Dubai

Duty concessions withdrawal to help generate Rs 32 billion

Rs 314 billion income expected from fuel Taxes

Transfer of private motor vehicles: Advance income tax imposed

DAILY EXPRESS

Salient features of budget 2014-15

8% interest rate in India remains

AGRI culture tax is must for economic stability

Budget is balanced and business friendly

CNG association rejects additional tax 


TMA HEAD OFFICE 

DATE 03rd-June-2014

DAWN NEWS

New budget: govt pins hopes on slashing subsidies, reducing tax exemptions

Lesco bosses booked for ‘selling electricity’

Economic Survey: more targets missed than Achieved

MQM wants petroleum levy abolished, tariffs Reduced

ECONOMIC SURVEY 2013-14: Industrial sector records growth of 5.8pc

Inflation spikes

ECONOMIC SURVEY 2013-14: Tax exemptions double to Rs477bn

Pre-budget price shocks for consumers

30 new tax measures on the cards

LCCI condemns FBR move

Exports post meagre growth

India manufacturing orders hit 3-month Peak

More warrants issued against Gilani, Fahim

Polio vaccination

Call for imposition of emergency in industrial Zones

THE NEWS

Economic growth has increased but most targets couldn’t be met

Non-bailable arrest warrants for Gilani, Fahim issued again

Traders protest outside the Karachi press club under the aegis of voice of Karachiindustries

Industrialists threaten to shut down factories over lawlessness

Rupee leads five-month gain in Asian currencies

Tax exemptions cost Rs477bn

PM's decision to consider single-digit sales tax rate hailed

B RECORDER

Checking corruption in tax machinery: Dar to announce launch of ''e-scrutiny system'' today

Utility, gas tariff APTMA rejects proposed rise

TDAP scam: non-bailable arrest warrants for Gilani, Fahim issued

Attachment of bank accounts: Dar urged to stop punitive action against taxpayers

Jan-April exports to EU increase by 30 Percent

Controlling law and order and extortion mafia: call for imposing emergency on city's industrial estates

ST increase, reduction in fuel subsidies: inflation trend shows combined impact

Simple tax system: PBEA greets Prime Minister's decision to facilitate traders

Chief Commissioner, PLGMEA team discuss tax related issues

The Survey

DAILY EXPRESS

Wages of labor proposed Rs 18000  MXM presents shadow budget

Federal budget will be presented today

Call for imposition of emergency in industrial Zones

Traders protest outside the Karachi press club under the aegis of voice of Karachi industries

Working on emergency basis to enhance exports

Proposal of FPCCI on single digit sales tax welcomed 

Textile sector rejects proposed hike of electricity and gas 

Its is the need to set direction of economy

Call for imposition of emergency in industrial zones   


TMA HEAD OFFICE 

DATE 02nd-June-2014

DAWN NEWS

Revenue, GDP growth targets missed

THE NEWS

Shortfall reaches 3,000 MW with increased

Nawaz favours low sales tax like in the past

B RECORDER

Five percent ST to be imposed on wide range of goods

RECORDER REPORT

Police arrest tax consultant involved in fraudulent practices

Single verified data system

DAILY EXPRESS

Federal Budget will be announced tomorrow

Polio imposed on Pakistanis travelling abroad  

60000 MGW cheap electricity can be generated through water

Import of mobiles increased

New electronic invoicing system to be in traduced

Import duty on yarn be removed 


TMA HEAD OFFICE 

DATE 01st-June-2014

DAWN NEWS

Dar set to unveil tax-heavy budget

Turkish experts to train textile workers

Textile value-added sector opposes sales tax on exports

Kerosene price cut; petrol, diesel rates remain unchanged

THE NEWS

Govt to impose withholding tax on gas consumers

Chances of new investment bleak: economists

FBR seeks powers to examine bank accounts

Suraj Textiles plans 50MW solar power plant

Missing budgetary targets

GE gas turbines to add 300MW to national grid

Textile sector in critical need of workers

SITE Association opposes reshuffling

Aptma apprehends change in sales tax regime

B RECORDER

Pakistani travellers: polio certificates mandatory from today

Leading export-oriented sectors against increase in ST rates

Abrasive cloth sheet, papers, etc: massive duty cuts on raw material likely

FBR collects Rs 212 billion in May

'Government determined to facilitate hand-knotted carpet industry'

Textile industry concerned over possible change in RGST

POL products'' prices kept unchanged

DAILY EXPRESS

 Nepra has enhanced tariff of coal power plants

All illegal hydrants demolish

All chambers will be taken on board to attain export target

WEBOC clearance

FED on chartered flights proposed