News Clipping - Archives May 2015


TMA HEAD OFFICE 

DATE: May 31, 2015

DAWN NEWS

Currency dealers assured of dollar supply at Rs103

No consensus on zero-rating

THE NEWS

The cess mess

Govt may appropriate real estate with underreported value

B RECORDER

SBP rules out rupee devaluation

Budget (2015-16): Concept of temporary ST registration to be introduced

'Implementation of GIDC bill to enhance unemployment'

Restoration of zero rating ST regime: Dastgir assures textile exporters of full Support

Lack of reforms in tax system

Twice revised target: FBR required to collect Rs 394 billion revenue in June

Sindh budget on June 12

17 percent GST to be imposed on internet Services

DAILY EXPRESS

No devaluation of Pak Rupee


TMA HEAD OFFICE 

DATE: May 30, 2015

DAWN NEWS

LHC orders refund of surcharges in electricity Bills

Ogra proposes cut in GST, adjustments in petroleum levy

Dollar outflow rises 21pc in 10 months

Stakeholders oppose Rs2.50 surcharge on power tariff

India’s economy grows 7.3pc

FBR, NBP branches to remain open today

THE NEWS

LHC declares all power surcharges ‘unconstitutional’

SHC issues notices to SBP, others on amalgamation of KASB bank with Bank Islami

Prices of petroleum products likely to go up

Govt doing all to facilitate exporters: Dar

Garment factory gutted

Textile mills reject Rs2 electricity surcharge

Indian economy grows 7.3 percent in 2014/15

B RECORDER

Electricity bills: surcharges declared Illegal

Land & revenue department tops corruption index

FBR urged to introduce 'Undisclosed Foreign Income, Assets Act'

POL prices Ogra recommends up to Rs 13.25 per litre increase

FBR offices, NBP branches to remain open today

CNG stations remain shut despite government announcement

Withholding of fuel adjustments: Textile industry facing huge liquidity crunch: Aptma chief

Loadshedding Decision to exempt industrial sector hailed

E-stamp paper being introduced in Lahore on June 8

India''s economy grows 7.3 percent

Textile Industry Applauds Positive Macro Economic Outlook

DAILY EXPRESS

Summary sent to ministry of petroleum to increase POL prices up to Rs 13.62

AD of federal ombudsman

Dyeing factory gutted

Political leadership are united on PAK china corridor


TMA HEAD OFFICE 

DATE: May 29, 2015

DAWN NEWS

Reserves at $17.49bn

Exim Bank to push up US exports

Competition Commission initiates 16 inquiries

SBP dollar buying puts market under pressure

First garment factories declared safe in Bangladesh

Rethinking the budget

Excise taxation & narcotics departmentgovernment of Sindh

Indians scramble for heat relief, but many still must work

Corps commander seeks ideas from traders to revive economy

THE NEWS

Non-filers to pay 0.6pcWHT now

Indian woman denied flat for being a Muslim

Power generation through Thar coal starts

EXIM offers to facilitate Pakistani importers

SECP proposes sole proprietors merger to reap profit

Small investors look for better options

Unrealistic rupee value hinders investment

Govt advised to come out of economic stabilisation mode

Forex reserves fall to $17.492 bln

Exporter-friendly behaviour, infrastructure urged

Corps commander hails KCCI proposal

B RECORDER

Budget 2015-16: Rs 262 billion taxation measures approved

ST rates on mobile phones to be doubled

Forex reserves fall by $255 million

GIDC PIAF urges government to rescind its decision

US EXIM Bank seeks to expand its operations in Pakistan

Customs: 'Colour Markings' on containers under study

APTMA chief apprehends severe implications of GIDC

Karachi peace: Corps Commander praises KCCI's suggestions

Advocating judicious taxation system

Misdeclaration: sections 80, 121 of Customs Act may be amended

DAILY EXPRESS

Loadsheeing for industries has been reduced to Zero

Minimum salary Rs 20,000 MQM presented shadow budget

Reserves at $17.49bn

Tax likely to increase on with drawl of cash form bank

Value added sector demands incentives concessions from govt


TMA HEAD OFFICE 

DATE: May 28, 2015

DAWN NEWS

Budget in the dark

Locker security

Rs180bn tax exemptions to be withdrawn next Year

Value added Textile Associations

THE NEWS

Black day observed in Sialkot against proposed increase in taxes

Budget talk

Man-made virus can ‘cure’ cancer

Gas cess to double cost of doing business

Growth rate not enough to create employment: IMF

Missed targets linked with poor planning

Exporters demand ‘no payment no refund’ regime

LCCI, EXIM to facilitate traders

Businessmen advised to explore opportunities in foreign lands

B RECORDER

Gas tariff plan ready to generate additional Rs 77 billion

LCCI, EXIM USA join hands to facilitate importers, exporters

'Changes in LNG policy may help country reduce energy crisis'

STRN incorporation LTUs, RTOs approach AG Office to get access to master data

Cut in policy rate hailed

KASB-BankIslami amalgamation: SBP governor explains reasons

APTMA terms GIDC Act 2015 antibusiness Initiative

Government urged to rescind decision

FBR apprises FTO about snags: Circlebased tax collection system favoured

Swiss diplomat urges entrepreneurs to diversify businesses

DAILY EXPRESS

US$ reached at 1ts peak to Rs 104

Pakistan should not be over whelmed on improvement of economic indicators rather it should try to remove weakness

Federal budget Rs 4700 billion while new taxes will be of Rs 220 billion

Manufacturing cost would be increased by 31% due to imposition of GIDC 

Budget strategy and public expectations  


TMA HEAD OFFICE 

DATE: May 27, 2015

DAWN NEWS

Pakistan urges EU to relax travel restrictions

Govt advised to improve HR record to boost exports to EU

Capital flight

Zero-rating status for key exportables proposed

Bank lockers in need of redesign

PTEA’s demand

Pakistan Textile Exports Association

No breakthrough in heist probe as bank vows to compensate locker holders

THE NEWS

PM seeks maximum relief for masses in budget

Ministry asks Nepra to revise re-gasified LNG plants upfront tariff

Tax recovery through freezing bank account termed harsh measure

Textile industry dubs gas cess anti-business

B RECORDER

Textile industry: government urged to create new job opportunities by spurring growth

Needed: further rate cut and slash in PIB coupon

Latin America: exporters advised to explore non-traditional markets

DAILY EXPRESS

Economy will be strong due to reduced interest rate

KATI hails cut in interest rate


TMA HEAD OFFICE 

DATE: May 26, 2015

DAWN NEWS

FBR raids ‘illegal’ investment exhibition

CNG dealers protest imposition of gas cess

Sialkot to observe ‘zero export day’ tomorrow

THE NEWS

Higher income groups may be taxed to fund Zarb-e-Azb

Cabinet to approve budget strategy paper today

CNG association protests imposition of GIDC

Govt rejects Ogra’s summary to increase POL prices

Dar hopes next budget will improve overall economy

SRB makes mandatory CNIC, NTN of service provider

Tax incentives offered for investment in economic zones

Businessmen cannot afford more taxes: FPCCI

‘Textile sector should be utilised for jobs, not profit’

B RECORDER

Indirect taxes: 15.2 percent growth forecast for fiscal year 2015-16

Sialkot units to observe 'zero export day' Tomorrow

APTPMA decides to go on strike from Today

Budget 2015-16: government urged to withdraw subsidy on power prices

Tax collection: NIFT to provide special clearing facility on 30th: SBP

Cut in interest rate Industrialists hail SBP's decision

GIDC a negation of constitutional rights: PTI leader

Government urged to present businessfriendly Budget

PYMA hails interest rate cut

Climate Change Pakistan among most vulnerable countries: UNDP

Dar welcomes reduction in policy rate

MoF reluctant to release EDF funds

Performance of FBR criticized: Business community urges government to expand tax net

Pakistan's economic performance

Whitening untaxed income: KPCCI calls for tax amnesty scheme

DAILY EXPRESS

Federal cabinet meeting called next fiscal year budget to be approved

OGRA summary rejected pol process in June to be remain

In next budget sales tax rate be reduced to 16% proposed

Reduced interest rate is encouraging

Pakistan has become profit making place foreign investment 

Imposition of GIDC is unwise step of the govt


TMA HEAD OFFICE 

DATE: May 25, 2015

DAWN NEWS

Pumping growth

THE NEWS

The growing collection

B RECORDER

Ease of doing business: bodies formed to improve country's rating

Construction and manufacturing sector: FBR may announce new tax incentives

Export sector's protection: trade bodies seek Nawaz's intervention

Budget 2015-16: government urged to bring down high GST rate

Traders oppose re-introduction of GIDC

The low interest rate challenge

MCCI chief urges FBR not to impose any new tax

DAILY EXPRESS

Selected bank branches to remain open on Saturday 30th may 2015 to collect taxes

On the government's commitment investor’s confidence restored

Due to reduction in interest rate profit on saving scheme reduced by 0.5%


TMA HEAD OFFICE 

DATE: May 24, 2015

DAWN NEWS

Interest rate slashed to 42-year low of 7pc

Pakistanis buy Dubai property worth $379m in three months

Rate cut to discourage savings

Move to spur investment: FPCCI

Collection of professional tax rises to Rs264m

Dar highlights investment opportunities

THE NEWS

SBP cuts interest rate by 100bps to seven percent

SBP cuts interest rate by 100bps to 7 percent

Market hails interest rate cut

Govt should focus on direct tax collection: experts

Kati chief warns of zero exports in coming years

‘Suggestions of trade unions can spur growth’

‘Trade with India to ensure peace’

B RECORDER

HIGHLIGHTS

Rate on saving deposits slashed by 0.5 Percent

Government urged to tax all incomes

Cases involving dishonour of cheque Increase

APTMA welcomes cut in policy rate

'Another wave of price surge is in pipeline after GIDC'

LCCI hails rate cut

Sales tax harmony among provinces: SBP proposes effective mechanism

7th Schedule of Income Tax Ordinance: SBP proposes new clause for Islamic modes of financing

DAILY EXPRESS

Interest rate slashed to 42-year low of 7pc

Proposal to give incentives to those who paid more income tax than last year

Privatization process be implemented swiftly

UK should help in textile sector to Pakistan

Industries are bound to purchase its share of water from hydrants


TMA HEAD OFFICE 

DATE: May 23, 2015

DAWN NEWS

Proposal to tax remittances from abroad turned down

Litigants’ CNICs misused in tax fraud case

President signs GIDC bill

Budget and the parliament

Pollution & plastic bags

SROs’ withdrawal proposals reviewed

LPG price raised by Rs5 per kg

THE NEWS

Govt decides to slash down power subsidy in next budget

KCCI Export trophy award 2013-14

Inflation cools faster than expected, rate cuts seem

LPG price raised by Rs5 per kg

B RECORDER

Fiscal Year 2016 budget: government decides to slash power subsidy

''SBP Target Rate'' to be introduced Today

Customers'''' information: SBP suggests abolition of section 165A of IT Ordinance

SBP seeks to revise tax provisions related to banks

Teli urges businessmen to take to the streets against GIDC

PTEA seeks incentives to boost exports

Supplies to unregistered persons: PCDMA urges government to abolish additional one percent ST

Illegal refund NAB arrests two ex-FBR Officials

Budget makers work out 18 SROs for Removal

Nepra cuts Rs 1.74 per unit tariff for KElectric 

DAILY EXPRESS

President has signed GIDC bill 2015

4 countries including India refused Participation in SAARC investment conference

Forex Reserves increase

Due to GIDC inflation will increase and business will be defaulted 


TMA HEAD OFFICE 

DATE: May 22, 2015

DAWN NEWS

Power sector subsidy reduced by Rs250bn

Antibiotic resistance

Govt seeks to broaden tax base

Dollar rises on soaring demand

Govt to tax remittances, cut customs tariff slabs to three in budget

Reserves at $17.75bn

THE NEWS

Providing Protection to Tax-Payers

Skipping meals could actually increase belly fat!

Forex reserves rise to $17.749 billion

B RECORDER

Secretary finance explains criticality of GIDC

PTI, MQM to challenge GIDC Act

Forex remittances: FBR seeks to place curbs on immunity

Forex reserves up by $10 million

Dar asks top business executives to help government promote tax culture

FPCCI urges ministry to present business-friendly budget

SECP begins show-cause proceedings against non-compliance

Settlement of duty, taxes: NBP branches to remain open on May 30

Gas theft rampant: World Bank energy expert says Pakistan has highest level of UfG

CCP conducts advocacy session at Faisalabad Chamber

Business leaders hit out at GIDC

Budget proposals: PCDMA for rationalising customs duty on raw materials

Space available warrants no meager rate cut

Immovable properties FBR to suggest ways to curb undervaluation

TDAP defying commerce ministry

DAILY EXPRESS

Fixed rate of tax to be collected from retailers instead of turnover tax under consideration

Equal tax rate be introduce on import of raw material demanded

Business men and traders to come out on street against GIDC

Attention should be given on value addition to increase exports  


TMA HEAD OFFICE 

DATE: May 21, 2015

DAWN NEWS

Senate approves gas tax bill

Gas cess to weaken federation: Imran

KP govt, CNG sector reject gas cess

Controversial GIDC move

No new tax on existing tax-payers: FBR chief

Textile, clothing exports fall 1.21pc

Tax fair at NUST

THE NEWS

Govt fixing FBR’s target at Rs3,100 bn for next budget

Expectations from the new budget

Textile mills, CNG associations reject GIDC

KP CM slams levy of GIDC on KP, smaller provinces

One more tax

Gas Infrastructure Cess Bill passed from Senate

Private sector credit off-take shrinks 45pc in July-April

Pakistan to import 0.3mln cotton bales from US

FPCCI to organise Pak Pavilion in Indian trade fairs

FBR holds Tax Fair to promote compliance

Dar forms committee to triple tax base in next two years

Ideological mountains to climb for China-India business

Govt urged to transform cities into economic hubs

APCNGA dubs GIDC Act as unfair

B RECORDER

PIBs yield declines on likely rate cut

MPS: cut likely, but by how much

GIDC back: To stay or be stayed?

Senate passes GIDC Bill amid Resentments

Notification issued: TRC tenure extended by 90 days

APTMA, APCNGA protest levy of GIDC

Concessions under FTAs: MoC to urge Dar to adjust tariff rates

Pakistan lacks culture of tax compliance: FBR Chairman

Imran asks government to take GIDC to CCI

The GIDC 'opportunity'

NA body presents budget recommendations to Finance Ministry

Non-compliant persons to pay more: New taxes in budget on areas out of tax net: FBR

Fuel adjustment: government will not refund amount being charged from consumers

DAILY EXPRESS

Each year 1 lac new tax payers to be bright into tax net 


TMA HEAD OFFICE 

DATE: May 20, 2015

DAWN NEWS

Documentation of economy

Monetary policy on 23rd

India ‘ignored warnings on foreign investor tax row’

THE NEWS

Experts call for prudent water usage

B RECORDER

Controversial GIDC passed amid protest

CNG stations: government to fix provisional RLNG price at $13 per MMBTU

NSHAMA's Dubai-based residential project: I&I-IR seeks details of 50 Pakistanis

Impediments towards export growth

Tax Reforms Commission Please

Monetary policy on Saturday

17 percent GST on specific sectors likely: social sector concessions to be retained

DAILY EXPRESS

Controversial GIDC passed amid protest

Bid to sent black money worth 50 core dollar abroad failed

Trade in asia will be easier through Pak-China corridor

Downfall of SME sector is dangerous for economy


TMA HEAD OFFICE 

DATE: May 19, 2015

DAWN NEWS

FDI declines to $824m in July-April

Appeal survival of five export oriented sectorsat stake

All incomes should be taxed: FPCCI

FBR invites religious scholar to‘motivate’ customs officers

THE NEWS

Save textile Industry from Collapse

GDP misses the target by 1pc, remains at 4.24pc

Reforms failure weakens economy: Dr Husain

FPCCI asks government to simplify tax system

Business-friendly budget urged

B RECORDER

Sub-groups' recommendations: EAC for reducing GST rate to 16 percent

Tax on sectors making windfall profits Likely

Passage of GIDC Bill huge challenge for Government

FPCCI seeks budget proposals from Members

Japanese envoy visits MCCI

Budget 2015-16: PYMA for substantial reduction in tax rates

'Re-promulgation of GIDC will lead to flight of capital'

Government urged to present business friendly Budget

Revise rupee value or clear refunds, MoC asks MoF

July-April current account posts $1.3 billion deficit

Exports to EU up 21 percent in 2014: Dastgir

DAILY EXPRESS

Federal Govt approves withdrawal of SROS on exemptions

Tax amnesty period to be extended proposed

Punjab Govt will announce labor policy next week 

Next budget apprehensions and explications


TMA HEAD OFFICE 

DATE: May 18, 2015

DAWN NEWS

Parliament convened to give legal cover to Rs145bn tax on gas

State Bank report

Factory pollution

Appeal save the Textile Industry from Collapse

Budget 2015-16: hunger for growth

Move to cut tariff slabs

THE NEWS

KP business community wants gas cess issue raised at CCI

Pakistan becoming best country for foreign investment:Miftah Ismail

Budget to be presented on June 5

FBR proposes amendments to check claims through fake invoices

B RECORDER

TRC to get some limelight: Budget on June 5

Collection of ST/WHT at import stage: FBR likely to amend tax laws to remove Anomalies

Availing tax exemptions under IT Ordinance 2001: government reviewing proposal to extend time period

Textile industry should not be burdened with GIDC: APTMA

APTMA team calls on Zardari

Cost, not risk, is the issue

FBR urged to set novel condition for electronic media

DAILY EXPRESS

Eclectic tariff to be increased by Rs 03/- per unit in international finical agencies  


TMA HEAD OFFICE 

DATE: May 17, 2015

DAWN NEWS

Cellular firms complete SIM verification Process

Drive against property tax defaulters

Business community to protest GIDC renewal

THE NEWS

75.5m SIMS verified through BVS; a milestone crossed

Consignments stuck as Customs online clearance system errs

Businessmen, industrialists denounce GIDC

B RECORDER

Reduced ST rates top agenda: EAC to hammer out key budget proposals

Tax laws may be amended: FBR seeks to boost ST, WHT collection

27.5 million SIMs blocked after expiration of Deadline

Business community to oppose GIDC Bill 2015: Vohra

Spanish trade delegation to visit Faisalabad in September

Investment in Dubai''s real estate projects: DGI&I IR grills representatives of NSHAMA Group

DAILY EXPRESS

Federal budget will be presented on 5th June and will be approved with in 21st days schedule ready

Tax exemption on remittance through banking channel to be with draw in under consideration

Withdraw of expiation SROS likely to be approved

Sales tax of 5% on carpet industry likely to be announced in next budget


TMA HEAD OFFICE 

DATE: May 16, 2015

DAWN NEWS

Dar for removing bottlenecks to exports

Suggestions by professionals to be sought for Budget

THE NEWS

FBR conditions benefits with electronic returns filing

Draft return form to be launched next week

Engage employees for efficient workflow: experts

‘High cost of business makes industry incompetent’

Increase in sales tax opposed

B RECORDER

''''Persistent structural weaknesses'''': government squanders away valuable opportunity: SBP

Tax collection adversely affected: Oil price decline to benefit private sector businesses

Filers of IT returns: government decides to reduce adjustable WHT rates

High cost of doing business hitting textile exports hard: APTMA chief

Five export-oriented industries FPCCI urges government to revive 'no-duty, nodrawback scheme'

Info desk at missions abroad sought: DGI&I IR seeks lists of Pakistani real estate investors

STPF (2012-15): trade deficit soars to 55.94 percent

Gas infrastructure development cess: National Assembly session summoned for passage of controversial bill

DAILY EXPRESS

Energy crisis is hurdle in investment

Pakistan should improve security condition to bring investment

NTN numbers on eclectic bill and shops to be mentioned FBR proposed 


TMA HEAD OFFICE 

DATE: May 14, 2015

DAWN NEWS

Circular debt plan

Car buyers being charged premium for spot Delivery

THE NEWS

IMF to help Pakistan gauge impact of abolishing refunds mechanism

‘Import duty on polyester ruins textile industry’

Businessmen condemn Karachi killings

Manufacturers urged to take energy conservation measures

LCCI warns of massive layoffs

Withdrawal of proposed sales tax urged

Inland offices directed to issue exemption certificates

KTBA proposes mandatory quarterly statement of property, vehicle Registration

B RECORDER

Most of textile units remain closed in Protest

Dubai real estate projects: DGI&I IR to nab persons trying to make illegal investment

PTA chief opposes increase in ST

Six percent import duty on PSF ruins industry: Aptma chairman

KCCI, BMG postpone grand dinner Reception

GIDC ordinance to lapse on May 22

DAILY EXPRESS

Sofora Tragedy


TMA HEAD OFFICE 

DATE: May 13, 2015

DAWN NEWS

SRO withdrawal

Health of the economy

Worker protection

K-Electric ‘amnesty’

Govt, IMF agree plan to end Rs600bn circular Debt

SBP surprises currency dealers with 1pc Margin

THE NEWS

FBR to recover Rs7 billion tax refunds

Government plans free trade zone in Gwadar

FBR urged to stop revenue leakage

New spread for forex companies

FPCCI committed to enhance trade with Turkey

Govt slaps sales tax on LNG

B RECORDER

Gas prices to be raised from July 1

Tax evasion by mega units: Faisalabad RTO recovers over Rs 600 million of ST in 2014-15

WTO agreement: body on TBT set up to ensure compliance

LCCI urges FBR to pay attention to issues hampering trade activities

'Misuse' of sections 38, 40-B of ST: Trade bodies go on strike today

KTBA urges FBR to defer EC submission till September 20

OICCI for collecting taxes on land holding on 'net income basis'

Harmony in ST on servicing PBA for effective mechanism among provinces

Dar may extend TRC tenure by 90 days

ST registration: Transfer of ownership option may be withdrawn

FBR clarifies news on negative collection by RTOs

Major currencies: SBP allows one percent spreads

DAILY EXPRESS

Water crisis in Karachi reached to its peak industrial area are also facing shortage

Water crisis leads to closure of in industries

American firm to setup in Pakistan 6000MGW gas power plant

LCCI offer cooperation to FBR to increase tax net

KCCI demands for inclusion of its proposal in federal budget

International Trade Exhibition 


TMA HEAD OFFICE 

DATE: May 12, 2015

DAWN NEWS

Accord reached with IMF for release of $506m Tranche

Review of the ECL

Unrealistic expectations

THE NEWS

Pakistan to get $505m IMF tranche in June

Budget to be announced in NA on June 5: Dar

Trade deficit rises to $17.92bln in 10 months

‘Provinces to upgrade UN HR laws for GSP Plus’

Tax reforms yet to bear fruit

Tax hike to give rise to flying invoices: experts

Export associations threaten strike

B RECORDER

UN conventions: EU team expresses its Displeasure

APTMA seeks zero-rated regime and not subsidies

PTEA seeks zero-rated ST facility

Five export sectors oppose proposed increase in ST

SBP critical of proposed WHT levy on LCs

PBIF chief against opening market to India unilaterally

Quality of governance: PILDAT puts Punjab at top position

Sindh Assembly's pre-budget session: PTI proposes government to cut ST on services, tax agriculture income

The GSP Plus challenge 

DAILY EXPRESS

Bank officer arrested on account of enchasing lac of rupees

Country wide strike today on increase motor tax

Free market economy renders unexpected results

Capital of Pakistanis at abroad  


TMA HEAD OFFICE 

DATE: May 11, 2015

DAWN NEWS

Businesses — unpaid tax collectors

Capital seeks foreign outlets

THE NEWS

The cost of tax

INSIGHT Ghastly economic mess

FINANCE Not so black and white

B RECORDER

Progress report: government required to meet GSP Plus deadline

Taxpayers to be issued arms licences: Nisar

Audit selection: LHC suspends operation of assessment order

APBUMA opposes proposed increase in sales tax

Depositors of former KASB Bank start transactions with BankIslami

DAILY EXPRESS

10 times more black money of Pakistanis are in Dubai than Switzerland detected 

Free trade agreements are hurting local industry

Merger of KASB bank into bank Islamic completed in successful manner

Lasbella chamber demands regime of duty no draw back

Employees of the year award will be held on 9th September


TMA HEAD OFFICE 

DATE: May 10, 2015

DAWN NEWS

Trade deficit with China, India up sharply

Garment makers for zero-rating facility

World’s next big trading bloc may be India

THE NEWS

Pak economy progressed despite political, energy crises:WB

Businesses lack innovation

PRGMEA wants special status for textile sector

B RECORDER

Advance tax: PBA seeks Kibor-based Compensation

Total advances: FBR asked to increase threshold to two percent

Textile industry not viable without subsidies: APTMA

Techtextil, Texprocess Exhibition ends in Frankfurt

PRGEMA calls for giving special status to textile industry

Ex-FPCCI VP proposes cut in ratio of ST in budget

IT Ordinance 200: tax officials misinterpreting Seventh Schedule: PBA

KASB Bank de-scheduled

DAILY EXPRESS

POL and eclectic cost would be increased Pakistan gave assurance to IMF

4 more directorates I.I. in land revenue established around the country

Towel Manufacture condoles helicopter crash

FPCCI condoles helicopter crash


TMA HEAD OFFICE 

DATE: May 09, 2015

DAWN NEWS

Keeping your car cool

Trade deficit widens to $17.9bn

FTA talks with Thailand soon

512 firms enrolled

THE NEWS

Officials directed to prepare budget strategy papers by next week

FBR suggests banking transaction through ‘payee account only’

Pakistan, Thailand to negotiate free trade pact

China April exports down 6.4pc in new sign of weakness

Pakistanis use 28pc of domestic textiles

Businessmen demand compensation

Lasbela chamber criticises sales tax

‘Economic revival depends on agriculture growth’

B RECORDER

MoF told to prepare budget strategy Paper

TRC proposes promulgation of Taxpayers' Bill of Rights

KCCI chief urges government to increase number of fire stations

Proposed increase in ST detrimental for export: SCCI President

BankIslami to continue moratorium on selected accounts of KASB Bank

Budget strategy paper

Law Division asks FBR to clarify status of Finance (Amend) Ordinance

DAILY EXPRESS

Separate division of audit for tax defaulters under consideration

Thai cabinet approves FTA with Pakistan

Investors should not pay attention towards propaganda against Pakistan

Tech Textile concludes at Frankfurt 


TMA HEAD OFFICE 

DATE: May 08, 2015

DAWN NEWS

Public Notice

Is the economy shining?

Factory fire

BankIslami takes over KASB Bank

Reserves at $17.69bn

India moves to resolve tax row

Dar to finalise budget’s outline next week

THE NEWS

Flat tax rate for retailers for three years proposed

Pak EU exports up after GSP Plus status

Govt approves KASB, BankIslami merger

Forex reserves fall to $17.69bln

FPCCI completes preparations for China fair

TDAP establishes Vietnam Desk

B RECORDER

MoF, departments geared up: Dar convenes budget review meeting next week

Saudi Arabia denies report about visas

TRC for separate audit division

Budget 2015-16: FBR asked to revisit FTR

PBIF chief urges government to declare water emergency

Rs 874.566 million recovered during four months: NAB Karachi

Budget Fiscal Year 2016: KCCI makes key proposals

'Export of Pakistani products soars after grant of GSP plus status'

Power policy scrapped

IMF dissatisfied with slow implementation of actions

DAILY EXPRESS

Unknown accounts and properties 25% tax to be levied on value

KSAB merged with bank Islamic

Reserves at $17.69bn

Recommendations presented to make financial affairs of FPCCI transparent


TMA HEAD OFFICE 

DATE: May 07, 2015

DAWN NEWS

Electricity demand hit new high, says ministry Official

Senate to be called ‘House of Federation’

65pc US companies to invest more in Pakistan

Five export sectors threaten to go on strike

THE NEWS

Power from the sun

Politics of water

No taxpayer among top 100 flyers

Apprenticeship law on the anvil

Zero-rated tax on five export sectors demanded

Survey shows 80pc US businesses optimistic about Pakistan

‘Half of textile industry to shutdown’

‘Security, governance issues deterring flow of Canadian investment in Pakistan’

B RECORDER

Three industrial parks in Sindh accorded Approval

Black money held abroad: TRC proposes amendments in FERA

Australia: government seeks greater market access

Tax recovery notices: PBA seeks operating procedure, time-line for banks' Compliance

MCCI urges government to introduce 'realistic' trade policy

FPCCI hails commissioning of solar power plant

Long-term businesses: US investors still optimistic: ABC survey

Mobilink users can open Mobicash Account

Government warned against increase in sales tax

Government asked not to impose five percent tax on zero-rated industries

APTMA KP moves PHC against levy of Cess

Cash withdrawal from banks: PBA for abolishing withholding taxes

TRC suggests amendment in FBR law

Information of accountholders in banks: FBR urged to introduce Secrecy Act

DAILY EXPRESS

Proposal to seize assets of hidden bank accounts and assets abroad

Ban of movement to water and oil tankers during day one rotes

Exporters to resort to strike on enhancement of sales tax

FBR announced external communications strategy

Paksitans international reputation is challenge

FPCCI declared statements of economy watch irrelevant 


TMA HEAD OFFICE 

DATE: May 06, 2015

DAWN NEWS

No discrimination on basis of sect, says Riyadh

Water scarcity

SRB and sales tax

Poor’s gives thumbs-up to Pakistan economy

Pakistan advised to cut energy subsidies

GST be brought down to single digits: KCCI

THE NEWS

TRC suggests tax service independent of CSS

Pakistani boy, 6, becomes youngest MS Office specialist

Pre-budget scenario

Standard & Poor’s revises Pakistan’s rating to positive

Karachi Chamber proposes tax on agriculture sector

South Asia termed least integrated region of world

B RECORDER

Budget to be presented on June 5

Budget 2015-16: various Acts may be amended to set up Directorates

TRC suggests revival of ITSC to settle tax disputes

Profit, dividend: repatriation crosses $1 billion mark during July-March

Budget proposals for FY2015-16: KCCI for sales tax audit only on random ballot basis

Sindh Sales Tax on Services

Red-tapism at I&P Directorate: hundreds of dual passport holders blacklisted

Furnace oil import seven percent regulatory duty imposed

DAILY EXPRESS

Pakistan’s loan beyond requirement no chances of default

Stressed on enhancing trade amongst sarac countries

Enhancement of sales tax on 5 zero rated export sectors by 3% decided


TMA HEAD OFFICE 

DATE: May 05, 2015

DAWN NEWS

Pakistan calls for accommodative monetary Policies

Arms licences to be computerised by Dec 31

Indian visa policy

Cotton production grows 11pc to 14.87m bales

Raging fire hinders rescue efforts as factory workers help themselves

Exporters want incremental rebate claims

 International Trade Exhibition 

THE NEWS

Tax exemptions for elite ought to go

Pakistan produces record cotton crop at 14.87mln bales

Textile exports without phyosanitary permit threaten economy

LCCI laments FBR’s sales tax audit policy

Over 13mln tourists visited Dubai

FPCCI demands revival of no payment, no refund scheme

‘Policymakers utilising export-led growth to boost economy’

Two firemen, six women among 18 injured in garments factory fire

Fire safety at factories remains an unresolved issue

B RECORDER

FBR asked to abolish income tax Exemptions

TRC for ''Undisclosed Foreign Income and Assets Act''

Government leaves local industry in the lurch: traders

Long-term investment plans: OICCI suggests protection of taxation policies

RD imposed on petroleum crude oil, motor spirit, HSD

Envoy for exploring untapped UAE Market

LCCI urges FBR to stop confiscating business accounts

Pakistan, Tajikistan agree to achieve $500 million trade target

SBP schemes: Date extended for submission of claims

PBIF for simplified single digit ST regime

Export-oriented industries: FPCCI proposes 'no-payment, no-refund' scheme

Small businesses: tax form should be massively simplified: TRC

Tax Reforms Commission versus 'mafias': Federal body wants 'sweeteners' for holders of black money

Amalgamation to cost BankIslami a min. Rs 10 billion

DAILY EXPRESS

Law of minimum wages be implemented supreme court

FBR order to investigate illegal refund of tax of Rs 1 crore 39 lacs

Goods worth crore of rupees gutted in garments factory at Site

Plan prepared for successful implementation of trade policy

Business circles express concern on reduction of import duty

100 Pakistani firms to participate in international textile exhibition Germany


TMA HEAD OFFICE 

DATE: May 04, 2015

DAWN NEWS

British visa refusals

Taxpayers’ woes

Hiccups in free trade agreements

Addicted to a regressive tax regime

THE NEWS

TRC wants govt to impose 15pc surcharge on higher income

Federal Ombudsman decides to go online

The tax dilemma

Children at work

Taxed dollars

Fooling the masses

B RECORDER

TRC asks FBR to renegotiate FTAs

Increase in rate of ''further sales tax'' on the cards

FBR urged to introduce Benami Transaction (Prohibition) Act, 2015

PCGA issues final output report: Around 14,871,174 cotton bales sourced to Ginners

Where is regulators' joint committee?

DAILY EXPRESS

Revenue management is responsible for deterioration of tax systems

Profit worth of 1 billion dollors sent by forging companies abroad

Prices of cotton in local markets increased by Rs 50 to Rs 100 per maud 


TMA HEAD OFFICE 

DATE: May 03, 2015

DAWN NEWS

Businesses divided on army’s role in Karachi

Rupee remains weaker despite reserves buildup

Sindh hopes to recover Rs360m in stamp duty

1pc import duty on zero-rated raw materials Likely

THE NEWS

FIA launches probe into SSGCL ‘irregularities’

Falling exports

Expand tax net instead of new taxes

Pakistan, IMF start talks for 7th review under EFF

Collectorate issues directives for importers

B RECORDER

''Super rich tax'' on the cards

Tax performance worsens over last decade: World Bank

Post re-designated: major functions of WHT to be handed over to DG

Steps to overcome energy shortage US extends a helping hand: State Department official

TDAP voices concern over acute water Shortage


TMA HEAD OFFICE 

DATE: May 02, 2015

DAWN NEWS

Small investors suffer

Govt increases sales tax on petrol, diesel

Grand Discounts this summer on PIA 

THE NEWS

FBR to propose Whistleblower Protection Act

China manufacturing grows modestly in April

‘Govt should confront defaulters to reduce deficit’

Qaim says Sindh to devise a new labour policy

B RECORDER

SME financing up six percent in CY14

GST on petroleum products raised

FBR's powers taken away: ECC authorised to grant tax exemptions

Saving schemes: CDNS asks FBR to clarify WHT exemption on profit

2014-15 budget initiatives: Dar reviews implementation status

Government asked to rectify ILO homework Convention

Back to the cash economy

Woeful tax numbers

SBP clarifies

DAILY EXPRESS

Economic issues arises due to weakness of FBR 


TMA HEAD OFFICE 

DATE: May 01, 2015

DAWN NEWS

Attention

Consolidating labour laws

Reserves at $17.72bn

‘Only one per cent of Pakistan’s labour is unionised’

THE NEWS

Govt slaps duty, raises GST rates on POL products

State Bank awaits govt’s approval on merger

Forex reserves surge to $17.71bln

‘Taxation problems outcome of FBR weaknesses’

B RECORDER

Petroleum products: RD to be imposed to recoup losses

Five leading export sectors: five percent ST on gas, electricity supplies proposed

Petrol prices to remain unchanged

Forex reserves up by $226 million

The withholding tax: some disturbing Facts

DAILY EXPRESS

Proposal to reduce POL prices rejected

Labour wages be fixed Rs 25000 monthly

Federal Govt to withdraw concessional SROS

Reserves at $17.72bn

No compromise to safeguard accounts holders interest