News Clipping - Archives March 2015


TMA HEAD OFFICE 

DATE: March 31, 2015

DAWN NEWS

Ogra recommends up to 7pc hike in POL Prices

New SBP deputy governor assumes charge

THE NEWS

Pakistan offers level-playing field to investors: Mamnoon

Besides education, Dow varsity to also sell mineral water

Water conservation stressed to avoid scarcity

Riazuddin assumes charge as SBP deputy governor

B RECORDER

Exemptions through SROs: Bill against FBR powers may be moved in National Assembly

Double payment of WHT: CCI to discuss Sindh's concerns

Imports in Mar 2013: APTMA to get major relief

Riazuddin assumes charge of SBP Deputy Governor

Pakistan offers tremendous FDI opportunities: President

Over 70 Pak exporters participating in Hong Kong APLF-2015

KATI chief urges govt to release businessmen's stuck up money 

Lower exports

Textile exporters highlight issues hindering exports

Uninterrupted power and gas supply: government claim not reflected in exports data

Tax collection: banks told to stay open for extended hours

Articles of Association: no overriding effect on provisions of Companies Ordinanc 1984: FBR

SBP to stop reissuing Rs 10, Rs 100 notes of old design from April 1

Business community welcomes drive against encroachment

DAILY EXPRESS

Riazuddin has assumed charge of deputy governor SBP

Shortage of 60 crore gallon of water in city 


TMA HEAD OFFICE 

DATE: March 30, 2015

DAWN NEWS

Applause for economy

Minimum wages

FBR’s injustices

Stagnant exports

Ambitious tax targets

THE NEWS

Distorting trade

Rule of money

B RECORDER

Textile Asia Exhibition: Pakistan may strike business deals worth $700 million: Baig

Uniform tax regime: business community endorses Dr Ishrat's proposal

Raw cotton export falls by 15 percent in 8MFY15

Schedule for CNG stations closure in Sindh

Reasons behind fall in exports; minister rejects Ministry's presentation

DAILY EXPRESS

Decision taken to increase prices of POL products by Rs 5.79, per litter

FBR offices for collecting taxes would remain open till late hours

Faisalabad chamber demands establishment of display centers in Pakistani consulates


TMA HEAD OFFICE 

DATE: March 29, 2015

DAWN NEWS

LNG confusion persists

400 Pakistani firms operating in Ras Al Khaimah FTZ

Export proceeds from non-textile products fall

THE NEWS

IMF hails Pakistan’s efforts to restore economic stability

Pakistani industrialists can grab incentives in UAE: official

Industries minister slams ‘expensive’ LNG import

B RECORDER

SROs drain out fiscal revenuecollection: WTO

Revised cotton target of 13.48 millionbales Achieved

MoW&P & textile industry: lack ofliaison causing production losses

Membership renewal: FCCI officesremain open today

PTA urges government to withdrawEDS

PTEA slams proposed power cut planfor Industries

Benefiting from GSP Plus status: government urged to resolve pending issues: PTA

Towel makers: tax on forex to be 1 percent of export proceeds: FBR

DAILY EXPRESS

Proposed to withdraw authority of collecting tax on services from provinces to FBR

Chinese investors interested in investing in Pakistan


TMA HEAD OFFICE 

DATE: March 28, 2015

DAWN NEWS

IMF approves 3-year $6.6bn package

Minimum wage

Diet and obesity

LCCI for promotion of biotechnology

Indian companies scramble to find women Directors

Infrastructure gap needs huge investment

‘Over-optimistic’ SBP ignores govt’s performance lapses: IPR

SHC vacates stay on issuance of computerized arms licences

THE NEWS

IMF asks govt not to allow subsidy on imported LNG

FBR to use cameras to stop tax evasion

SHC allows ministry to issue computerised arms licences

Monetary policy statement too optimistic: IPR

B RECORDER

Directory of taxpayers to be published by April 10: finance minister tells National Assembly

FBR starts drafting parameters to select returns for audit

Nigerian market has huge potential for Pakistani exporters: envoy

DLTL Order, 2015: government extends date for submission of claims

Abdul Rasheed Janmohammed nominated chairman PSC of FPCCI

Membership renewal LCCI dept opens Today

Economic decisions outside economics

FBR expedites disciplinary action against tax men

DAILY EXPRESS

Investigation of record begins to bring rich segment into tax net

Traders should get benefits from opportunities in Nigeria 

Pak-china forum will helps new investment

Seminar by Messe Frankfurt on textile exhibition

FBR expedites disciplinary action against tax men


TMA HEAD OFFICE 

DATE: March 27, 2015

DAWN NEWS

CNIC No. to replace NTN: Dar Forex reserves to hit $18.2bn by year end

First LNG shipment from Qatar arrives

Sindh delays notification on minimum wages

Weekly reserves fall

Experts discuss electricity problems

THE NEWS

Govt expresses inability to cut sales tax to single digit

Forex reserves fall to $16.13bn

B RECORDER

Foreign exchange reserves fall by $142 Million

Karachi, Lahore and Islamabad: LTUs collect Rs 283.98 billion from 16 major sectors

Five export sectors: FBR to weed out problems in sales tax regime

Taxing undisclosed income and assets

All exemptions to be removed in 2-3 years: Masoud Naqvi, Chairman TRC

DAILY EXPRESS

Interested in signing FTAs with Asean

Blackmailing FBR officials to tax payers detected

Foreign reserves falls


TMA HEAD OFFICE 

DATE: March 26, 2015

DAWN NEWS

Monetary policy spin

Our foreign investment

Cotton price rises by Rs50

Politicians seek tax reforms

No new foreign investor entered Pakistan in recent years: OICCI

THE NEWS

Vessel carrying 147,800 cubic meters LNG arriving today

Baldia factory fire suspect held

‘Industrialists can challenge govt officials’

SRB suspends sales tax registration of Customs agents

OICCI commends govt on economic initiatives

B RECORDER

OICCI president concerned over lowlevel of FDI

Uniform tax regime should be applied to all sectors: Dr Ishrat

Lifting of moratorium on execution of death sentence: German envoy expresses reservations

Decline in exports: PTEA seeks remedial measure to check shortfall

Telecom companies begin blocking SIMs

Fact-finding committee's report: massive 'irregularities' unearthed in PSQCA

Economy out of danger, growing well:  Dar

DAILY EXPRESS

POL products prices to e remained constant

Shortage of electricity is the big challenge for Pakistan economy 


TMA HEAD OFFICE 

DATE: March 25, 2015

DAWN NEWS

FDI: encouraging talent

Justice and factory fires

THE NEWS

Dr Baig appointed Pak-UAE Business Council chairman

Pakistan’s economy shows signs of recovery: ADB

Pakistan ranks 86 in ecommerce index: UNCTAD

‘Tech-led water control can mitigate drought’

FBR facilitates revenue payments

Rabbani calls for making, implementing pro-labour laws

B RECORDER

Textile industry: Pepco disrupts power supply temporarily

FBR to release ATDs of taxpayers, parliamentarians on April 10

APCAA concerned over import of job, stocks lot consignments

PYMA hails reduction in mark-up rate

Non-filers of income tax returns: Budget to stipulate higher rates on WHT

DAILY EXPRESS

Fault in attock oil refinery petrol shortage feared

Industrialists should provide jobs to handi capped


TMA HEAD OFFICE 

DATE: March 24, 2015

DAWN NEWS

China offers to export 4,000MW to Pakistan

State Bank’s optimism

Property tax collection declines

Slain KU dean among civil awards recipients

THE NEWS

Governor confers 27 civil awards on Pakistan Day

Taxpayers advised payment to active payers

B RECORDER

Federal budget may be presented on May 29

Cheap credit, but where are the borrowers?

Government seeks to levy standard ST on cotton in budget: Rs 50 billion revenue eyed

Traders and industrialists hail interest rate cut

Power shortage brings per capita electricity consumption down

Foreign investors: government urged to provide special security

Policy rate cut: pitfalls of policy advice

DAILY EXPRESS

Pakistan day 60 military and 52 civil awards distributed

CNG will be costlier by rs 5/ per KG than LNG

UAE businessmen cut short visit due to non availability of secularity

Export activates will increase due to reeducation of interest rate

Commissioner Karachi to visit KCCI today

Reduction in eclectic tariff is encouraging 


TMA HEAD OFFICE 

DATE: March 23, 2015

DAWN NEWS

Currency correction

Price range of summer fabrics

Ways to cut energy costs

THE NEWS

Pakistan suffering from water scarcity: official

Tax-Reforms being rolled back?

Signs of recovery?

Caught up in the Eurozone crisis

B RECORDER

Indian regulator eases rules for banks to convert bad loans to equity

MCCI demands introduction of cargoflight from Multan

DAILY EXPRESS

Raasul Khima is the gate way for Pakistan’s access to foreign market

Continuation of slump in cotton market broken

FBR could not published tax directory of general public and parliamentarians in the Eurozone crisis


TMA HEAD OFFICE 

DATE: March 22, 2015

DAWN NEWS

Interest rate cut to 8pc

Water warnings

Industry favours wage hike

THE NEWS

Govt successful in overcoming fiscal deficit: SBP

FBR launches mega crackdown against fraudsters

SBP cuts key interest rate by 50 basis points to 8pc

B RECORDER

Policy rate cut by 50 basis points to 8 percent on lower inflation outlook

Envoy stresses FTA to enhance Pak-Korea trade volume

Ginners warned to pays taxes of Rs 1billion by March 30

KSE appears divided over size of ratecut

Ras Al Khaimah the Gateway to Europefor Pakistani products

Bangladesh seeks to boost exports with cotton summit

DAILY EXPRESS

Interest rate cut by 0.5%

Need stressed to extend DLTL date for submission of claims

Business community hails cut interest rate

Nonpayment of sales tax


TMA HEAD OFFICE 

DATE: March 21, 2015

DAWN NEWS

Dollar hits Rs103 in open market

Rs180bn tax exemptions to be withdrawn

Exports witness 4.96pc decline in July-Feb

THE NEWS

Influential person demanded accountant of his choice in factory

FBR raids Multan business house for tax evasion

Tax reforms being rolled back?

‘SROs, exemption culture to be ended’

Central bank likely to prune discount rate on soft inflation

B RECORDER

Budget 2015-16: SROs causing Rs 100 billion impact to be withdrawn

LTUs collect tax demand of Rs 31 billion in July-February

Government likely to reduce POL prices

Expo-2015: Japanese delegates hold B2B meetings with Pakistani Businesspeople

South Korea considers Pakistan as main destination for investment: envoy

Cotton production increased by 10.59pc: PCGA

Dead persons, closed businesses: FBR chief urged to order deactivation of users' IDs, passwords

MPS today: Cut in key policy rate likely

July-February exports down five percent

Supply of 650MW to K-Electric: Asif asked to prepare ''politically acceptable'' agreement

DAILY EXPRESS

Rich segment will not get any relief in tax

Monetary policy will be announced today

Illegal tax adjustment of crore of rupees exposed

Large scale manufacturing production increased by 2.15% July to January

Master mind of tax refund mafia arrested


TMA HEAD OFFICE 

DATE: March 20, 2015

DAWN NEWS

Gang issuing fake sales tax invoices busted in Karachi

81 paisa increase approved in fuel-based tariff for Karachi

FDI decrease

Reserves at $16.273bn

THE NEWS

Many lawmakers yet to file tax returns

How revenue of billions is lost in a unique manner

FBR to share information with FIA only under SOPs

Pakistan July-Feb c/a deficit narrows to $1.614 billion

Forex reserves fall to $16.27bn

KIF protests unavailability of basic amenities

Significant cut in discount rate urged

‘Tax imposition not against Islam’

WeBOC training sessions welcomed

SSGC urged to make good on promise of two-day closures

B RECORDER

Executions won't affect GSP+ status: foreign office

Flying invoices: FIR registered against trader and his associates

Pakistan's foreign exchange reserves fall by $10 million

33,000 IT returns filed since 2013 till date, National Assembly told: 261,000 notices issued

Budget 2015-16: OICCI suggests reduction in SIM card taxes

KE consumers: Re 0.81/unit refund approved by Nepra

LCCI urges SBP to reduce discount rate

Businesspeople asked to explore Tajik Market

APCNGA, KTI reject proposed hike in CNG tariff

Industrialists urge government to help resolve issues on priority basis

'Ease of doing business': breakthrough has been made: BoI

DAILY EXPRESS

Electric tariff for Karachi ties increased by 0.81 paisa per unit

Execution is not the violation of any international law

Citizens should lodge complaints at water board complaint centre

Current account deficit during July to February reduced by 34%

Infrastructure of industrial areas be handed over to rangers

LCCI stressed on reducing interest rate  


TMA HEAD OFFICE 

DATE: March 19, 2015

DAWN NEWS

Labour law reform

SBP’s erroneous data published

Cotton prices rise on short supply

Cotton output rises 10.6pc to 14.8m bales

Delay in ST refund irks businesses

Power tariff cut on account of fuel price Adjustment

THE NEWS

Nepra reduces power tariff by Rs2.08 per unit

FBR warns banks of legal action over non-payment of Rs8bn

Ample opportunities exist to improve productivity: experts

‘British textile consumers like Pakistani goods’

Free internet for mobile customers

Invest FDI in export sector, experts advise

B RECORDER

Nine more hanged; EU condemns Executions

Rs 2.0841 per unit refund approved by Nepra

Model Ayyan Ali confesses to concealing income

Sindh government grants SEZ status to three industrial zones

PIAF urges SBP to cut rate by 100 basis Points

FCCI rejects proposed 30 percent hike in gas tariff

OICCI asks FBR to review ACT and MTR for companies

OICCI for incentives to attract rapid flow of FDI

Budget proposals: OICCI recommends major documentation measures to amend tax laws

DGTO removed from position

DAILY EXPRESS

Fuel adjustment electric tariff reduced by Rs 2.08 paisa per unit K-eclectic consumers will not be beneficiary

Pakistan must gain from GSP+

Pakistan should take steps to enhance trade with Tajikistan

Pakistan Participated in Shangai yarn and textile exhibition

Federal govt has established special  economic zones in 3 industrial states in sindh


TMA HEAD OFFICE 

DATE: March 18, 2015

DAWN NEWS

Taxation protocol signed with Austria

FDI rises 11pc to $615m in July-Feb

Falling exports worry Aptma

THE NEWS

Pakistan, Austria ink avoidance of double taxation deal

South African envoy seeks to boost trade ties with Pakistan

SSGCL, SNGPL seek Rs123 per MMBTU hike in gas tariff

FDI falls 3.8pc to $615.5 million

Customs simplifies goods declaration filing procedure

Workshop on family businesses

‘High cost hampers growth’

My Karachi expo from April 10

B RECORDER

Kati chief urges for efforts to increase Pak-China trade

WTO's GPA: US applauds Pakistan for attaining observer status

National Assembly body on finance irked by poorly-drafted bill

Next Cabinet meeting: Labour policy will be on top of agenda: minister

'High cost of business, overvalued currency hampering textile exports badly'

LCCI to hold workshop on family business on March 25

Industrialists present Charter of Demands to government

South Africa wants to boost trade relations: HC

American investments in Pakistan

July-February FDI down four percent

Foreign assets: Indian cabinet approves bill to punish hiding

DAILY EXPRESS

Pakistan china will establish on line data link

Double taxation agreement signed with Austria

Fake industrialist involved in billion tax fraud Got 7 days remand

My Karachi exhibition arrangement reached at its peak

Corruption eliminated from TDAP


TMA HEAD OFFICE 

DATE: March 17, 2015

DAWN NEWS

Make life easier for taxpayers

Mortgage Refinance Company, Exim Bank to be launched soon

Budget strategy may be approved next week

India ‘bright spot’ in gloomy world economy

New Baldia factory fire probe team takes spy agencies on board

Low-cost electricity

THE NEWS

Clarification

IMF chief hails India as‘ bright spot’ in gloomy world economy

TDAP team to visit Russia in April

Nepra urged not to approve ‘unjustified’ tariff rise for KE

B RECORDER

Exim Bank being launched as DFI

22-member FCCI trade team leaves for India

New JIT formed on Baldia factory Inferno

IMF chief hails India as 'bright spot' in gloomy world economy

A sensible suggestion

Business improvement plans: BoI fails to make significant gains

DAILY EXPRESS

Pakistan and Austria agreed to sign agreement on double taxation

Russian banks should establish net work in Pakistan

Fake industrialist arrested sales tax fraud

Weak taxation system is the hurdle in economic development 


TMA HEAD OFFICE 

DATE: March 16, 2015

DAWN NEWS

Springtime for fabrics market

Tariff body gets a new charter

Capital outflows

THE NEWS

Audit tax department

Increasing labour force

B RECORDER

Fiscal accounts: the truth deficit

The bane of child and bonded labour

Prime Minister approves disciplinary proceedings against DGTO

DAILY EXPRESS

Cotton process continuous rising in 2nd week


TMA HEAD OFFICE 

DATE: March 15, 2015

DAWN NEWS

Sindh may raise stamp duty rates

THE NEWS

FBR unearths multi-million tax fraud of fake refunds

KCCI never supports strikes, sit-ins: Vohra

B RECORDER

Unverified SIMs to be blocked after April 12: PTA chief

Karachi, Lahore and Islamabad: LTUs achieve 90 percent target

KCCI to seek political parties' support on economic issues

KCCI does not support any strike, protest: Vohra

US Commerce Secretary's suggestions

DAILY EXPRESS

Date of verification of sims would not be extended

KCCI not to supports strikes call again 


TMA HEAD OFFICE 

DATE: March 14, 2015

DAWN NEWS

India’s ‘tax terrorism’ proves hard habit to Kick

‘India, Pakistan draw closer as trading partners’

Monetary policy keeps experts guessing

Nepra says K-Electric charging bank fees twice

Baldia factory fire victims move court against German brand

THE NEWS

NSS inflows jump 93 percent in July-February

Non-tariff barriers still exist: Indian HC

SBP to unveil monetary policy on March 21

Tax authorities arrest conman involved in Rs1bn refund scam

FBR creates Rs21bn tax demand, freezes 735 bank accounts

SBP to issue Rs20 coin from March 16

‘Bank charges not part of KE’s tariff’

B RECORDER

Meter rent refund: Nepra rejects review petition of K-Electric

APTMA rejects proposed 30 percent increase in gas tariff

PCETA chief optimistic about talks over FTA with Turkey

Economics of investment

No plan under way to re-open consulate in Karachi: Indian envoy

DAILY EXPRESS

NEPRA’S decision regarding bank charges not based on factual position

Problems in obtaining free tax number

Monetary policy to be announced on 21st March

Proposed hike in gas tariff APTMA may go to court


TMA HEAD OFFICE 

DATE: March 13, 2015

AERARI

Daily Market Update

DAWN NEWS

Unequal taxation

Reserves rise

US likely to restore GSP facility for Pakistan

Raghavan for reviving Khokhrapar trade route

Another day of losses for business, industry

SBP targets 50m mobile accounts by 2020

THE NEWS

Pakistan refuses to accept US model on investment treaty

PAC body dismayed over FBR’s performance

FBR weaknesses hinder recovery of fake refunds

Cellular operators verify 70m SIMs

Forex reserves rise to $16.28bn

‘India, Pakistan need to improve trade infrastructure’

B RECORDER

Ways discussed to expand Pak-US trade & investment

Punjab-based textile industry: government urged to ensure guaranteed, regionally compatible energy supply

Pakistan and China renegotiate accord to avoid double taxation

Industrialists hold demonstration to protest against water and gas shortages

If pending ST refund claims cleared: exports can fetch $4 billion to $5 billion additional foreign exchange: CE TDAP

Forex reserves keep rising

3P-Pakistan 2015: BoI chief claims end to energy crisis in two years

Trade & political issues can be resolved through dialogue: Indian HC

Reduction in tariffs of 3 Discos approved by Nepra

Advances from banks: FBR denies Charges

DAILY EXPRESS

Electric bill payment date extended

Pakistan be allowed to trade of all items form wagha

Reserves rise

Banks have sufficient funds to grant loan to private sector

Post paid sims also verified

Protest in front of SITE against industrial issues 


TMA HEAD OFFICE 

DATE: March 12, 2015

AERARI

Daily Market Update

DAWN NEWS

FBR chairman, audit officer have hot exchange at PAC meeting

Investment climate

Clarification

Business shutdown in Karachi costs billions

Australia agrees to ease visa process for businessmen, students

CNG closure today 

THE NEWS

IMF asks Pakistan to bolster revenues

USAID launches access of $60m credit for small, medium businesses in Pakistan

Authorities start criminal proceedings against 44 textile units

Exporters asked to claim drawback by 31st

‘Direct taxation measures to generate significant revenue’

LCCI to initiate management training

SBP asks banks to accept subsidy claims

B RECORDER

BIT with US only if it''s in country''s interest: Dastgir

Tax structure: government hints at removing hurdles

Used cars' import: Non-filers of IT returns to pay 3 percent additional WHT

LCCI chief urges government not to raise gas tariff

Envoy urges businessmen to explore untapped Russian market

FBR appoints Budget Coordinators

APTMA asks government to review proposed increase in gas tariff

PTA asked to facilitate consumers by charging lowest rate

Ministry projects record consumption of petrol in March

Taxes/levies on POL products: AGP strongly objects to FBR methodology

DAILY EXPRESS

Reduce Tax of list companies and incentives to overseas Pakistanis proposed

Pakistan trade deficit during 8 months stands to 14.57 billion dollor

FBR begins preparation of budget 2015-16

Condition of lifting NOC for bullet proof vehicles demanded

To control smuggling of Iranian Tiles is must   


TMA HEAD OFFICE 

DATE: March 11, 2015

AERARI

Daily Market Update

DAWN NEWS

National savings a good investment?

An industrial park

Industrial estates demand uninterrupted supply of gas, power

Aptma against proposed raise in gas tariff

US commerce secretary rules out TIFA with Pakistan

8-month trade gap widens to $14.6bn

THE NEWS

No big changes in tax laws, Dar assures US

No casualties but major damage in spinning factory fire

Tax department errs in freezing bank account

‘Value-addition in textiles can earn extra $15bn’

Aptma against gas rate hike

LCCI warns against gas rate hike

B RECORDER

Ease in doing business, investment: US official spells out hurdles

Government trying to restore investor confidence, businesspeople told

Fresh claims stand at Rs 65-70 billion: Rs 35-40 billion ST refunds pending with FBR, National Assembly panel told

SIMs verification process loses pace after extension of deadline

EOBI to become bankrupt if pension increased, Supreme Court told

LCCI disagrees with proposed rise in gas tariff

8th International Mobile Commerce Moot tomorrow

Karachi industrialists send SOS to Government

FED on services must be withdrawn

DAILY EXPRESS

Commissioner Inland Revenue Agha Hidyat Ullah charge sheeted

1000 telephone number block 

PAK-US business conference begins

Karachi industrialists pleased 7 points charter of demands 

Work hard Trade a matter of exchange based on competitiveness


TMA HEAD OFFICE 

DATE: March 10, 2015

AERARI

Daily Market Update

DAWN NEWS

Chamber, LSE sign MoU

7,000MW to be added to national grid by 2017, IMF assured

‘Pakistan-US Economic Partnership Week’ Opens

Carpet exporters slam 42.2pc Turkish duty

Punjab industrial expo in April

FPCCI signs two MoUs

THE NEWS

64pc hike in gas tariff on cards from April 1

LNG conversion into natural gas to begin from April 1: Zubair

Fire damages two floors of regional tax office

Fire erupts at RTO Karachi building

Punjab Industrial Expo from April 3

‘Political consensus on economic agenda key to sustainable growth’

FPCCI signs MoUs with Iraqi commerce and industry chambers

KCCI warns of repercussions if policymakers continue to exhibit laxity

Int’l business conference at IoBM from March 11

B RECORDER

We're for long-term relationship: US secretary of commerce

'IMF mission impressed by economic headway'

Pakistan committed to strengthening economic ties: Prime Minister

Khwaja Asif warns of severe water crisis

ICA President visits Aptma office

First round-the-world solar flight takes off from UAE

Fire erupts at income tax building

McDonald's invite over 6 million to free Breakfasts

KCCI chief expresses dismay over government's lax attitude

SECP introduces online payment facility through credit cards

'Taking Rs 50 advance from banks to inflate collection figures' FTO commences investigation against FBR

There's no energy crisis; there's a crisis of ignorance

PIA restores Dhaka flights

FBR too charging tax on services

DAILY EXPRESS

Cafeteria in income tax building gutted

Investigation started against Pakistanis who bought properties aborts

Pakistan demands more access in US market

Karachi chamber protest against federal ministers lukewarm attitude

Rs 4 crore irregularities detected in anti duping duty 


TMA HEAD OFFICE 

DATE: March 09, 2015

AERARI

Daily Market Update

DAWN NEWS

Leather show ends on entrepreneurial note

FBR moves to widen tax net, but big fish yet to be caught

GSP+ improves Pakistan’s trade profile

3rd Made in Pakistan exhibition, Dhaka

Letter from Mumbai: India reduces corporate tax, withdraws exemptions

THE NEWS

Customs officer seeks £10 bribe for not checking bags

Tax Reforms Commission: rhetoric and reality

Pak-US business conference tomorrow

B RECORDER

Share in EDF: Ministry's demand Rejected

New forum formed under PCMA

Upgradation of dry port: TDAP askedto utilise export development funds

A big question mark on performance of Economy

DAILY EXPRESS

Virtual currency and its introduction amongst saarc region agreed

In spite of reduced cotton price in international market cotton price in Pakistan increased 


TMA HEAD OFFICE 

DATE: March 08, 2015

DAWN NEWS

Cargo train resumes operations

South Asia ‘a potential hub of leather sector’

Baldia factory fire owners, other suspects to be indicted on 21st

THE NEWS

Govt to set up EXIM Bank: minister

Textile exports to Turkey decline to $500 million

Customs to facilitate businessmen in early goods clearance

B RECORDER

325 mmcfd of LNG to be imported from April 1

Eligible plant/machinery and building: KSE proposes raise in rate of initial Allowance

Government urged to convince Turkey to waive off safeguard duties

Imposition of safeguard duties: textile exports to Turkey drop by 50 percent

Safeguard Measures Ordinance, 2002 amended: government issues Countervailing Duties Ordinance, 2015


TMA HEAD OFFICE 

DATE: March 07, 2015

DAWN NEWS

Float the rupee

Trade with India unhurt despite strains: Dastagir

New gas connections

Balochistan assembly wants SSGC head office moved to Quetta

THE NEWS

Foreigners can have two SIMs per ID

Tax revenue exceeded by 20pc in February

IMF counts security challengesin setting economic targets: official

Government revises sales tax on cottonseeds

SBP hands over 50,000 pieces of Rs20 coin

No loans taken from banks to meet revenue collection: FBR

Banks urge consumer analytics to stay in business

My Karachi exhibition from April 10

EU looks at Pakistan as a solution to regional problem, moot told

B RECORDER

Two-day Pak-US business moot begins on March 11

Dastgir optimistic about deals with Kabul, Dushanbe

'Uganda, Pakistan can build mutual trade ties on new lines'

KE petition on tariff cut: Nepra conducts public hearing

Site industrial area: Industrialists express dismay over low gas pressure

SECP extends working hours for CROs

Squandering away export development Fund

Foreign nationals restricted to two SIMs per identity

DAILY EXPRESS

NEPRA reduced price of electric tariff by Rs 1.4 paisa per unit

Proposal to set date bank and warehouse in FBR

PAK-India tension does not affect mutual trade 


TMA HEAD OFFICE 

DATE: March 06, 2015

AERARI

Daily Market Update

DAWN NEWS

SBP intervention keeps dollar below Rs102

LCCI urges FBR to accept refund claims

Reserves rise to $16.14bn

THE NEWS

MoC to seek changes in SROs to facilitate exporters

Forex reserves rise to $16.13 billion

‘Pakistan can fetch extra $5bn/year remittances’

LCCI seeks early release of ST refunds

B RECORDER

Reserves cross $16 billion mark by week-end

KCCI delegates discuss various issues with Saudi CG

Five sectors from RTO Lahore under SRO 1125: FBR urged to take notice of non-acceptance of refund applications

DAILY EXPRESS

Penalty of Rs 5 million will e imposed on companies providing wrong date

Dialogues with World Bank deigns install latest device to detect tax evasion

Sop issued for verification of sims of overseas Pakistani 

Facilitation in obtaining Saudi business visa assured

Forex reserves rise


TMA HEAD OFFICE 

DATE: March 05, 2015

AERARI

Daily Market Update

DAWN NEWS

British property ‘safe haven’ for corrupt cash

Pending refund claims to be cleared by end-March

Leather show

India makes another surprise interest rate cut to 7.5pc

Reduce sugar intake to boost health: WHO

THE NEWS

‘Lack of skills main hurdle in return on investment’

EPZA stall remains attraction in expo

B RECORDER

Trade diversion effects: MoC decides to get into fight with FBR

Bangladesh High Commissioner visits APTMA

LTU approves Rs 3 billion refund claims in eight months

The tale of two budgets

FBR suspends two Customs officers

Paying minimal taxes: DGI&IIR begins action against high net worth persons

Nepra cuts power tariff by Rs 3.24 per Unit

India makes surprise interest rate cut to 7.5 percent

DAILY EXPRESS

Prayers timing to be introduced in Pakistan according to Saudi Pattern

4 traders attested on remitting more than 1 billion abroad

Rs 230 billion invested in saving schemes during July to January

Chief Commissioner LTU committed to settle pending refunds claims


TMA HEAD OFFICE 

DATE: March 04, 2015

AERARI

Daily Market Update

DAWN NEWS

Cotton output hits record 14.7m bales

Proper enforcement of tax laws stressed

THE NEWS

More electricity to be available soon, says Nawaz

FBR probing $65 million transaction from Malaysia

Enforcement of tax laws can double revenues: TRC head

Pakistan Customs launches drive against importers, agents

SECP implements new manuals

Pakistan, Austria officials hold talks

B RECORDER

Broadening tax base: businesspeople to be registered as per Nadra profile

GST on POL products: National Assembly body terms move against supremacy of parliament

February 16 to March 1: over 14.705 million cotton bales sourced to ginners: PCGA

Customs clearance: profiling of genuine importers under way to avoid delay: Memon

TDAP authorised to hold 'AaliShan Pakistan Exhibition' in London

'Acute water shortage hitting activities in NKATI' estate

To improve tax management system: moot for abolishing collection of advance taxes, withholding of tax refunds


TMA HEAD OFFICE 

DATE: March 03, 2015

DAWN NEWS

Expo Pakistan bags orders worth $1.3bn

Rs1.6bn textile projects cleared

Bill Gates tops rich list

Zakir Naik wins Saudi prize for service to Islam

THE NEWS

Move against tax evaders without fear, FBR chief tells officers

Bill Gates still world’s richest man, says Forbes

Aptma urges direct shipping line to Chittagong

NA panel approves development projects

‘KE not responsible for water crisis’

No CNG for three days

Austria’s honorary consulate opens in city

B RECORDER

Bajwa for giving top priority to cases of large tax evaders

Expo Pakistan fetches orders worth $1.3 Billion

S M Muneer greeted for organizing successful Expo Pakistan

Payment of Mark-up Support for Textile Sector: SBP asks banks/DFIs to lodge Claims

CNG stations to remain close for 3 days in Sindh

Bangladeshi HC visits APTMA

POL products: MCCI chief demands reduction in GST

Export target

Pakistan Textile City Karachi project on the verge of collapse: minister tells National Assembly Committee

POL products: FBR issues SRO to change sales tax rates

DAILY EXPRESS

Bangladesh offered joint venture to Pakistan in textile sector

Commissioner Karachi visits FPCCI

80 crore dollars additional orders executed

Economic revolution through expo Pakistan

FPCCI felicitated SM Munner on successful event of expo

Clearing agents will not be held responsible forged documents

Formation of leather exports promotion council approved

Mous of 1.3 billion signed in expo 


TMA HEAD OFFICE 

DATE: March 02, 2015

DAWN NEWS

Furnace oil supply chain in a shambles

Austria opens mission in Karachi with music gala

New bilateral investment treaty model

B RECORDER

Ownership of billions of rupees in EDF: ECC body meeting today to resolve issue

Industrial sector exempted from Loadshedding

Section 8A of Sales Tax Act: TRC subcommittee proposes deletion

Mega Leather Show to be held from February 6 at Lahore Expo Centre

Pakistan offers great potential for trade: Dutch envoy

Reduction in NPLs

DAILY EXPRESS

Good Response by Public expo Pakistan

Due to import of Indian cotton production of cotton may be effected


TMA HEAD OFFICE 

DATE: March 01, 2015

DAWN NEWS

Govt urged to pay ST refund

‘Foreigners visit improves Karachi image’

Zubair Motiwala elected president PAJCCI

THE NEWS

Expo attracts $10m agri orders from Bangladesh

Foreigners’ visit to remove security delusions: Teli

PAJCCI officials elected

Govt urged to provide gas to lure investment

B RECORDER

Corporate tax rate cut to woo back Investors

China to cut interest rates by 0.25%: central bank

Probe into figure fudging: FBR compiling authentic data of refunds for FTO

Exports will have to be increased to $150 billion by 2025: strategy being devised to improve working of government departments: Ahsan

'Negative media projection of crime damaging image of Karachi'

Major Turkish textile mill in talks with banks amid cash crunch

Government urged to pay ST refund Immediately

DAILY EXPRESS

More export orders signed during expo Pakistan 2015

Production of LSM increased by 2.065% during 1st six months