News Clipping - Archives May 2014


TMA HEAD OFFICE 

DATE 31st-May-2014

DAWN NEWS

New warrants issued for Gilani, Fahim in subsidy scam

Over 10,000 companies paid no tax last year: Report

Economic Survey on Monday

Audit: tax return

Dollar rises on high demand

Hike in prices of most petroleum products Proposed

Himetextile

THE NEWS

High BP medicines may increase vision loss risk

Tax on sale of plots on the cards

Nawaz approves end of hundreds of SROs

NSS inflows fall sharply

FBR disables communication system during federal budget

New textile policy on the anvil

Freight, cargo associations plan joint database of defaulters

‘Pakistani firms finding it hard to enlarge market share abroad’

B RECORDER

Farm machinery makers: duty reduction on inputs' import likely

Non-NTN holders to pay more: one percent WHT on purchase of property likely

Economic Survey on June 2

Textile, poultry and pharma: government to provide tariff concessions on imports

Certification of returns by CA firms: NTN may be made mandatory for foreign travelers

K-Electric policy triggers protests, gives it 'a bad name'

Engineering industry: EDB recommends reduction in turnover tax

Prime Minister urged to waive off import duty on yarn

Easy Taxi's services launched in Karachi

Debt servicing and electricity tariffs

US official, Dar discuss economic issues

Rs 5.5 billion tax credit: legal battle between RTO, power utility intensifies

DAILY EXPRESS

Police verification for renewal of Aram license abolished 

Summary to increase POL charges up to RS 2.43 moved Govt

Traders will launch protest against loadsheeding

FIA completed enquiry of TDAP

FED on air tickets will raised by 10 % and one services 60 % to 90%

NTN will be made mandatory during foreign travel

Economic survey will be released on Monday

Budget will be announced on 3rd June

10 % withholding tax to be levied on Doctors advocate’s engineers and architects

Internet would remain closed during budget speech


TMA HEAD OFFICE 

DATE 30th-May-2014

DAWN NEWS

Electricity generation to be doubled in 10 Years

WHO’s ban explained

Business and society

Dastgir seeks trade with India despite ‘reservations'

Delegation to look for joint ventures in France

KE allowed to hike fuel charges

THE NEWS

Govt to impose 10pc tax on expensive air tickets

Per capita income calculated at $1,370

Customs intelligence detects Rs800m duty, tax evasion

Forex reserves rise to $13.43bn

RTO Karachi refuses Rs5.5bn tax credit

FBR procedures inflating informal economy: experts

Tax Amnesty Scheme challenged

Govt policies fail to yield positive results: KCCI

Is cotton the new aluminum?

B RECORDER

10 percent adjustable WHT on foreign air travel likely

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

Payment of electricity bills in Fata: government to launch smart card system

Senators grill commerce ministry team over poor performance

Achieving GSP goal: MCCI demands uninterrupted power supply

Misuse of SRO 1125: DGI&I detects Rs 796 million tax evasion

Power crisis to ease by end of 2016: Dastgir

Textile City seeks 10-year tax holiday

SBP's directive to banks

First Shaban on Saturday

Forex reserves soar by $307 million

DAILY EXPRESS

Small traders again receiving telephone calls

Foreign exchange reserves increased 


TMA HEAD OFFICE 

DATE 29th-May-2014

DAWN NEWS

Wrong tax decisions

FBR faces Rs30bn shortfall

THE NEWS

Electricity consumers to pay Rs5 per unit more: ECC

Unemployment rate increases to 6.2 percent: survey

China to set up exhibition centre

Lasbela Chamber proposes dry port in Hub

Tax concessions termed futile

SMEs can help develop trade, economic activities

Baig appointed FPCCI panel chairman

Pakistan looking for new markets: Ebad

B RECORDER

Talks with government successful: traders reopen Sost Dry Port

Incorrect IT returns & non-registration with ST Department: FBR proposes amendments for enhancing penalties

Tax amnesty scheme: Petition admitted for hearing

PCGA seeks ban on import of cotton, yarn from India

Cottage industry: ST exemption threshold may be curtailed

Budget 2014-15: AKTI Chairman seeks incentives for small traders

Government urged to abolish ST on agriculture machinery, input

FBR proposes 16 percent FED on chartered flights

Five months' Fuel Adjustment Charges: K-Electric seeks rise in power tariff

DAILY EXPRESS

Order issued to revisit all factories located in SITE area

Romania commissioner stress to boost trade with Pakistan

Rs 31 core 40 lacs has been released for mintex division

16 per excised duty to be levied on chartered accounts firm

P.O.L prices likely to be increased  


TMA HEAD OFFICE 

DATE 28th-May-2014

DAWN NEWS

Ministry wants impact of gas losses passed on to consumers

Budget to set direction of economy: Dar

Sindh govt proposes new levies

No minimum rate for term deposits

Leather sector seeks zero-rated status

THE NEWS

FBR considering to tax retailers of big malls

Access to information inalienable right of citizens: experts

SHC issues notices to Ministry of Environment, others on plea of Bahria Town

‘Polio certificates from private hospitals illegal’

Marriage halls to close by midnight

Govt receives suggestions to reform farm tax laws

Govt allocates Rs73 billion for Pakistan-China trade corridor

‘PM’s India visit likely to bring economic development’

Eurozone inflation below 2 percent

Leather exports to hit $3bn if livestock export banned

Aptma seeks stimulus plan for textiles

B RECORDER

Nawaz makes reconciliatory overtures but Modi suggests tough approach: trade & terrorism dominate talks

People across world go for branded products, says Canadian diplomat

Textile industry needs stimulus plan for revival: APTMA

More claims under process: for as many as 35,000 cases upto Rs one million refund paid: FCCI chief

Traders hail Prime Minister visit to India

Salman made chief of FPCCI body on Marketing

KE apologises for more loadshedding

Broadening tax base: over 91,000 notices issued during 2013-14

Trade with India: Pakistan faces $1 billion deficit in July-April period of fiscal year 2014

PTA chief seeks government help to boost leather products' export

Proposed rise in GST on exports widely Opposed

Bin Qasim industrial zone - gateway for local & foreign investment

Saving products except terms deposits: minimum rate of return to be applicable: SBP

Textile exports: unravelling at the seams

DAILY EXPRESS

Polio certificate issued for polio by private hospital is not valid

AGRI culture sector demands elimination of all taxes in budget 

Trade and investment will be increased by visit of prime minster

Budget proposals will also be sent to provinces 

Investment in national savings reduced by 45 per

Commercial and industrial circles welcome nawaz modi meeting

DG rangers paid an emergent visit to site association


TMA HEAD OFFICE 

DATE 27th-May-2014

DAWN NEWS

Food and beverages in race with textile Industry

NTN disclosure compulsory for foreign travel

Dar wants data producers to be on same page

Sharif woos Indian investors

Body constituted to streamline farm tax

THE NEWS

Indian investment in Pakistan welcome, says Nawaz

‘Made’ in Pakistan

Dubai named global City of Opportunity’

UK plans to set up business centres in Pakistan: deputy HC

Data producers directed to remove discrepancy

‘Shadow budget’s 30pc proposals accepted’

Govt spending on salaries lowest in region: FPCCI

FPCCI appoints new standing committee chairman

CM forms body for streamlining farm tax regime

B RECORDER

Dar for single verified statistical data System

FBR seeks to remove major ST anomaly

Tripping of extra high tension line: many city areas face hours' long powersuspension

Several units of NKIA on the verge of closure due to water shortage

SCCI opposes increase in sales tax on Exports

UKTI to set up British Business Centres

Over $4.96 billion foreign inflow received during fiscal year 2014

FBR seeks to enhance FED on foreign air travel

DAILY EXPRESS

Working perception for not collecting AGRI tax

Blockade of Pak China trade through land enters in fourth week

Movement to be launched to increase taxnet and to improve economy

Pak British business centre to open 

Exporters should concentrate on value addition

KCCI is closed today  


TMA HEAD OFFICE 

DATE 26th-May-2014

DAWN NEWS

Counterproductive tax laws

THE NEWS

Work on textile industrial park to start on 28th

HCCI demands security to business community

Dubai named global ‘City of Opportunity’

Textile Bridging gaps

B RECORDER

Sales tax invoices: businessmen likely to specify at least one identifier

'No tax on sale of cotton lint, cotton seed'

Sales tax on exports: APBUMA voices concern over proposed increase

SAARC CCI lauds Prime Minister's decision to visit India

Sindh Governor for enforcement of IP laws to attract investors

AIT law to be implemented from TY14

Dastgir hints at new policy on cotton import from India

FBR proposals come under discussion

Cases selected for manual audit: FBR violating Section 214C

DAILY EXPRESS

Nadra and bank record can be used for increasing tax net  

30% budget proposal to be included in shadow budget

5 zero rated sectors sales tax regime to be reviewed

Energy crisis is hurdle in expanding value added textile sector 


TMA HEAD OFFICE 

DATE 25th-May-2014

DAWN NEWS

Power shortfall surges to 2,800MW

Inequality in tax generation

Consultations on budget conclude

Dollar back to Rs100 on higher demand

FBR proposes audit of tax returns before Submission

THE NEWS

Five-member panel formed to resolve traders’ issues

Revenue body verifying exemption certificates

Body to facilitate trade at Wagah border

FPCCI suggests privatisation of nine entities

Revenue target termed unrealistic

Case for single-stage sales tax

Exports decline by 15 percent in April

B RECORDER

Budget 2014-15: six percentnonadjustable FED on sugar proposed

Government working on three-year budget strategy: Dar body told

Pakistan Textile City project may be launched by July, National Assembly

'Banks key beneficiaries to gain on economic recovery’

Business community has little expectation of getting relief in budget

Power shortfall reaches 3,000 Megawatts

President SCCI concerned over increase in tax

350MGPD of industrial, domesticeffluent being dumped in Karachi coast

Grand budget parleys over: traders not allowed to discuss changes in tax rates


TMA HEAD OFFICE 

DATE 24th-May-2014

DAWN NEWS

Drastic cut in subsidies planned

Dutch minister proposes joint trade Committee

THE NEWS

Property prices shoot up under Nawaz government

‘Government borrowing, indirect regressive tax’

Aptma complains against outages

NA body meeting on textile city

Special excise duty opposed

‘Businessmen to welcome documentation of economy’

B RECORDER

Unregistered commercial consumers: ''extra ST'' on power, gas may be Doubled

Budget 2014-15: rate of ST on five sectors likely to go up

OICCI, PBC, ABC and PGBC: trade representatives ask Dar to incentivize taxpayers

Energy sector: EU consortium ready to invest $2.5 billion: FPCCI

PCJCCI urges government to withdraw 'harsh' taxation measures

Punjab-based textile industry unable to operate: Tanveer

'Decline in textile exports is likely to continue'

Textile exports increased by over 6.5 percent: GSP status starts showing positive results: APTMA chief

Misuse of SRO 811(1)/2009: tax evasion worth Rs 308 million detected

DAILY EXPRESS

Export performance increased due to GSP+

Philippine visa policy will be made soften for Pakistani Businessmen   


TMA HEAD OFFICE 

DATE 23rd-May-2014

DAWN NEWS

Dastgir for improved trade ties with Iran,Afghanistan

Govt misses major budgetary targets

Textile exports rise by 6.5pc in July-April

LSM growth turns negative in March

Investment accord with Finland this year

Reserves jump to $13.1bn

Import of electricity not feasible for Pakistan

THE NEWS

First Pakistani metro train to run in Lahore

Tax exemptions causing Rs500bn loss to economy

Over 70pc tax officers identified as non-filers

Forex reserves rise to $13.13bn

Textile sector to get relief in federal budget: minister

LSM posts 2.68 percent negative growth in March

Listed firms allowed video-conferencing for general meetings

Incentives for return filers likely

B RECORDER

CNG stations in Sindh to remain closed for one more day

SROs favour elite: tax consultant says economy losing Rs 500 billion each year

Big investors and MNCs' plea to FBR: fiscal year 2015 budget measures not be taken back

There is great scope of joint ventures in SME sector: Indonesian envoy

Forex reserves cross $13 billion mark

Value-added textile sector to get good news in budget: Afridi

Gold worth Rs 10.86 billion imported by 'Benami' taxpayers

SNGPL disconnects supply to various government consumers

Site industrial area SAI, police launch traffic management plan

K-Electric demands Nepra to increase FAC: public hearing on May 28

SECP issuing notices to 22,000 dormant Firms

Energy crisis and the debt profile

Power shortfall increases to 2,300 Megawatts

'Further tax' may be increased to two Percent

DAILY EXPRESS

Closure of CNG station in sindh extended by one day 

Standing committee recommends imposition of education emergency and opening of khokrapark border for trade 

GSP+ Textile sector will get incentive in budget

Federal finance minster asked FBR to simple file tax return

Need to broaden taxnet 


TMA HEAD OFFICE 

DATE 22nd-May-2014

DAWN NEWS

Banks: counting notes

TI report says South Asia world’s most corrupt region

THE NEWS

Deadline for revalidation of arms licences extended

LTU Karachi initiates revenue recovery drive

Expenses outstripping monthly income

Cotton yields may suffer due to rains

Fire damages textile mill

B RECORDER

Budget 2014-15: Rs 1.347 trillion projected as interest payment

Duty-free items: all temporary importation schemes may be merged

Homework done to grant NDMA status to India: Dastgir

Trade, tourism, health and technical education: Sweden wants to enhance ties with Pakistan: Westerberg

Power tariff slashed by Rs 1.48 per unit

K-Electric to split its operations into independent entities

Budget leak

FBR tax amnesty

DAILY EXPRESS

In Next budget tax next to be increased

Tariff of electricity to be reduced by Rs 1.48

Trade volume to be increased by 33%

Seriousness to be shown to be increase trade by 3 billion pound

Tax exemption be gar granted to 8 million small traders  


TMA HEAD OFFICE 

DATE 21st-May-2014

DAWN NEWS

LCCI rejects proposed SED

Cheques security features enhanced

SMEs urge govt to relax regulations

THE NEWS

Ogra to take action against CNG stations supplying gas at inflated rates

A flawed monetary policy

Next year’s Rs2,810bn tax target achievable: FBR

Government relying on long-term loans

Security features of bank cheques enhanced

Govt not facilitating taxpayers: experts

Indian central bank shores up currency’s defenses after rupee crisis

LCCI, FBR at loggerheads

EU warns against ban on Geo

Provinces to get additional Rs200 bn: Dar

B RECORDER

Goods for making taxable supplies: FBR seeks to place curbs on input tax adjustment

Three deputy Attorneys Generals quit

Bilateral trade: government ready to initiate talks with BJP government

LCCI takes exception to proposal for imposing SED on import

Duty reduction on alternative fuel Demanded

PTEA expresses grave concern over sharp decline in exports

Dar assures chambers, trade bodies: volume of current economy to be increased

PIAF calls for tax-free budget

Businessmen give mixed reaction over monetary policy

Short payment of surcharge under VAS: fact-finding body suggests FBR to conduct PCA

FBR holds workshop on e-portal services, role of WHT agents

Gas allocation: APTMA's Punjab chapter seeks amendment to formula

Polio vaccination New travel restrictions create unrest among travelers

Electricity and gas tariffs

Cheques: banks told to enhance security features

K-Electric consumers complain of inflated bills, unscheduled loadshedding


TMA HEAD OFFICE 

DATE 20th-May-2014

DAWN NEWS

Wrong tax decisions

Proposal to let OMCs fix petrol prices Opposed

Govt steps sought to check falling textile Exports

THE NEWS

CNG price raised by Rs10-15 per kg

Pakistan’s share in world textiles remains unchanged

SMEDA invited to Chinese trade fair

B RECORDER

Modi win brightens MFN prospects

SMEDA invited to participate in China International SME Fair

LCCI offered 20 free stalls at Chinese SME Fair

Economist terms Amnesty Scheme a financial NRO

Amendment to assessment under section 122: decide jurisdiction through 'speaking order', LHC tells FBR

Unverified NTN certificates being issued on plain papers

SBP stands its ground

Budget 2014-15: FBR proposes steps to increase cost of business for non taxpayers

DAILY EXPRESS

High court called details of loadsheeding

Special excise duty on local products to be levied

CNG prices increased at its own

FBR will provide data of tax payers to AGP

Business community expressed reservation on maintain interest rate

Standing committers of national assembly stressed need to enhance trade with latin America

Action against illegal hydrants to be taken

FBR proposal to increase tax net in next budget 


TMA HEAD OFFICE 

DATE 19th-May-2014

DAWN NEWS 

New taxes of Rs255bn in FY14-15 budget Likely

Up to six hours of loadshedding as shortage rises to 2,100MW

Consumers may have to bear impact of gas Loss

Skewed taxation impedes growth

Monetary policy easing a need to push up Growth

THE NEWS 

Raise in minimum wages demanded in next budget

Walking may help prolong life of kidney patients

Finance minister calls for broadening tax net

B RECORDER 

Policymaking: budget must reflect government vision: Dar

Import, local manufacturing of goods: FBR seeks imposition of Special Excise Duty

Introduction of Fiber Optical Telephone lines: business community faces problems

Monetary Policy highly disappointing: MCCI chief

Consensus at pre-budget seminar: speakers call to get rid of IMF and World Bank

Trade-friendly atmosphere to investors: bureaucracy main hurdle, says PCGA

DAILY EXPRESS

Pak-Canada trade will boost investment

Increase in tax net to be given preference 


TMA HEAD OFFICE 

DATE 18th-May-2014

DAWN NEWS 

Interest rate kept unchanged

Dar suspends order aimed at tax evaders

Trade experts see nothing concrete in Pak-US action plan

Banks and debit cards

SBP decision shocks stakeholders

Businessmen demand bankruptcy law

China, ‘world’s factory’, lacks skilled Workforce

India pins hopes on Modi to revive economy

THE NEWS 

Rs300 bn tax exemptions to rich being abolished: Dar

State Bank keeps policy rate unchanged

City needs 1,000 MGD but KWSB falling far short

‘Solar project provides competitive power solutions’

Economic planners urged to be more forward-looking

KCCI welcomes decision to suspend SRO 351

Saarc CCI urges enhanced cooperation

Carpet makers want compensation

ICCI urges SBP to formulate balanced bankruptcy law

B RECORDER 

RGST Bill rejected by Parliament: FBR issuing SROs under relevant tax laws

Policy rate remains unchanged

Curbing undervaluation of properties: government mulls new law

Federal budget: Dar approached to meet business community

Revenue figures challenged – I

DAILY NAI BAAT

Govt should take work with FBR to indentify new tax payers


TMA HEAD OFFICE 

DATE 17th-May-2014

DAWN NEWS 

GSP-Plus and labour compliance

Exports plunge by 10pc despite GSP+

THE NEWS 

Powers of SROs to be taken away from FBR

Trade deficit declines by 2.5pc in 10 months

Customs restricts green channel facility

Pakistan’s economy on the upswing: US

Solar power tariff set at Rs22 per unit

Traders briefed on state of economy

‘China, India, Sri Lanka enact more NTBs than Pakistan’

Chamber for cut in discount rate

B RECORDER 

Cut in rate expected: MPS today

Dar suspends implementation of SRO 351

Budget 2014-15: FBR to restrict ST registration to ''manufacturers''

Efforts being made to improve trade ties with India: Senate told

Market expects cut in key policy rate

KWSB fails to check water theft, tanker mafia and illegal hydrants

Punjab-based textile industry: government fails to meet 135 megawatts power demand

Suspension of controversial SRO: LCCI welcomes government decision

LCCI holding third Africa Show on June 26

Value-added textile sector: move to slap 5 percent ST on export opposed

SBP urged to cut key discount rate to 7 Percent

There is a long path to tread yet

Loadshedding won't end by 2018: Asif

Japanese envoy visits APTMA

DAILY EXPRESS

During July to April 2013-2014 export reduced to 21 billion Dollars

SBP will announce monetary policy today 

No new tax will be imposed in new budget 

Ishaq Dar formed a committee to review SRO 351


TMA HEAD OFFICE 

DATE 16th-May-2014

DAWN NEWS 

Electricity tariff higher in Pakistan, minister Admits

Withdrawal of SRO351 sought

Wal-Mart earnings suffer post-winter chill

US official gets growers’ views on trade via Khokhrapar route

Man dies in factory fire

THE NEWS 

Inflation to be lowered; cabinet approves strategy

Inflation down, exports and growth up: Dar

FDI slumps by 13pc in 10 months

‘Gas, oil reserves depleting by 3 percent per annum’

FBR criticised for creating parallel authority to assess taxpayers

SBP’s forex reserves rise to $8bn

Next budget not to give fiscal space: Dr Pasha

Industrialists want preference in power supply

B RECORDER 

Dar enumerates achievements, hits out at Pasha

Budget 2014-15 - FBR: blame game Continues

Inadmissible refunds: FBR initiates disciplinary proceedings against 14 officers

Pakistan to facilitate US investment: Dastgir

Dastgir, US official discuss economic Cooperation

Government to decrease loadshedding hours during summer: Asif tells National Assembly

Second half of May: PAC informed of 8 hrs' loadshedding plan

APCNGA rejects gas load management Schedule

Waiver of ban on textile imports likely

Forex reserves soar to $12.88 billion

'US help not beneficial to trade normalisation with India

Wal-Mart earnings suffer winter chill 

Proposals for Budget 2014-15: ICMAP suggests setting up of 'Business Registration Authority 

Withdrawal of FBR's new SRO sought: trade bodies threaten to launch agitation

New taxes or more of the old

DAILY EXPRESS

KCCI warns Govt on enhancing power of FBR

Textile Sectors issues to be resolved

Forign investment reached to 3 billion Dollars

Foreign exchange reserves increased by 8 billion Dollars 


TMA HEAD OFFICE 

DATE 15th-May-2014

DAWN NEWS 

Advisory committee weighs proposals for next budget

Traders, chambers seek cut in tax rates

Five-year textile policy on the cards

Minister denies army opposing grant of MFN status to India

Khokhrapar route has potential to boost Pakistan-India trade, says US diplomat

THE NEWS 

Dar to seek budget strategy approval from cabinet today

Pakistan’s economy starts taking off, claims Dar

Pak gas, oil reserves depleting by 3pc every day: OGDCL MD

Budget will have package for textile industry

Nepra cuts power rate by Rs1.88 a unit

Govt expects textile exports worth $26bn by 2018-19

Chambers demand Rs50bn fund for refunds

FBR’s ban on visitors during budget exercise

ICCI calls for SRO withdrawal

KCCI members influencing in Customs value determination at lower rate

B RECORDER 

Non-export-oriented sectors: 17 percent Sales Tax may be charged at import Stage

Budget likely to be presented on June 3

Economy in a comfort zone: Dar

US asks government to rationalize power tariff

Leakage of budget proposals: FBR imposes ban on visitors' entry

Government to ensure export-led growth of economy: Dar

PIAF hails Pak-US Joint Action Plan

Withdrawal of SRO 351 (I) demanded

Textile sector: PTEA opposes government move to increase tax rates

MCCI calls for minimum 100bps cut in policy rate: Monetary policy on May 17

Private and public sector: non-recovered gas bills stand at Rs 154.833 billion, National Assembly told

NPO blames textile, steel sectors for wasting energy

Maximum incentives for textile sector proposed: new textile policy on June 30: Abbas Afridi

Dastgir makes strong case for greater access to US trade

Joint budget proposals from all chambers of Pakistan: creating Rs 50 billion fund for timely payment of refunds to exporters suggested

Issuance of overnight valuation guidelines: Customs official rejects KCCI's demand for scrapping diplomat

Opening Khokhrapar-Munabao train route to boost Pak-India trade: US

Petroleum prices: SHC seeks explanation from federal government

JANG NEWS 

Effective change in policy can increase Textile 

Sukkur chamber expressed reservation on increase in power

5 hydrants demolished 

DAILY EXPRESS

Ancor of UK TV channel said shetup to prime misters as time was over

Contempt of court notice served in federal finance secretary 

Textile policy for next 5 year will be ready by 30th June

Access to Pakistan in US market be accorded 


TMA HEAD OFFICE 

DATE 14th-May-2014

DAWN NEWS 

Polio certificate must for travellers from June 1

PM approves interest-free loan scheme

NTDC announces end to loadshedding

Govt plans new taxes in next budget

High hopes pinned on monetary policy

LCCI seeks 100bps cut in interest rate

Businesses need to focus on improving supply Chain

US, Pakistan unveil action plan for trade, Investment

THE NEWS 

FTO asks FBR to clear exporters refund claims

‘Monetary policy to remain unchanged’

Cotton harvesting set to be delayed by a month

Govt asked to withdraw tax exemptions,concessionary SROs

Proposed sales tax hike criticized

FPCCI team attends business forum

LCCI demands cut in discount rate

Sales tax increase opposed

B RECORDER 

Prime Minister Tax Incentive Package: 3,395 file returns, deposit Rs 87.7 million as tax

Trade, investment: Pakistan, US announce Joint Action Plan

Phase-wise withdrawal of exemptions on the cards: Senate body told

Polio certificate made mandatory

''''Islamic bond'''' will be issued: Dar

Collection efforts stymied by rupee appreciation: FBR

WEBOC clears 27 percent of consignments through green channel facility: Senate body told

Indian rupee at near 10-month high

Already decided cases: FTO orders FBR to pay refund claims to exporters within specified time  oil/day added to system

From June 2013 to May 2014: 113 MMCFD additional gas, 4,000 barrels

Overall revenue collection: contribution of direct taxes rises significantly, Senate body told

Senate body briefed about budgetary measures: FBR for increasing cost of non-active taxpayers

IPR infringements causing Rs 700 billion losses annually

The spectre of high inflation

Non-taxpayers carry out 28,000 land transactions: Senate body informed

Cut in policy rate expected: MPS on May 17

JANG NEWS 

Monetary policy for Next 2 moths to be announced on 17th may 2014

Smuggling of polyester yarn worth RS3 crore failed  


TMA HEAD OFFICE 

DATE 13th-May-2014

DAWN NEWS 

SNGPL faces public fury over gas price

IMF’s praise — and criticism

Proposals for the budget

Tax officials given more powers

Gas reserves found in Sujawal

THE NEWS 

Prize money for exposing tax defaulters

SNGPL seeks tariff hike

Textile sector considering consolidation

Gas discovered

India’s new govt set to inherit wobbly economy

B RECORDER 

Five leading export-oriented sectors: relief to be withdrawn

Full benefit of GSP Plus status: government intends to constitute human

rights commission, National Assembly told

Big houses, luxury items to come under new taxation

SRO 351 (I) likely to create several problems: SCCI chief

Dastgir reaches Washington to attend meeting on TIFA

Rise in gas tariff Ogra conducts hearing on SNGPL petition

ICAP seeks to cut rate of corporate tax by two percent

WHO travel advisory 'Hectic efforts on to arrange polio drops'

'Member Legal can examine & monitor orders passed by commissioner appeals'

Two textile mills of YBG plan to merge

FBR transfers, postings

Deemed income of taxpayer: tax department''s addition under section 111 unjustified

Notice issued to SNGPL

Power loadshedding lifted, claims NTDC

JANG NEWS 

Hummayun Saeed appointed as chairman of FPCCI standing committee on foreign affairs

Export of cotton cloth increased by 12.26 per


TMA HEAD OFFICE 

DATE 12th-May-2014

DAWN NEWS 

Pakistan-US meeting to enhance trade, Investment

THE NEWS 

IMF chief sees end to power outages in few years

B RECORDER 

Electricity shortfall reaches 3,000MW Mark

Weight of essential packing in assessed value: customs department flouts LHC's directives

Sick industries' revival to boost textile exports: Afridi

FCCI terms SRO 351 highly unjustified

PTEA asks government to help resolve textile industry''s crisis


TMA HEAD OFFICE 

DATE 11th-May-2014

DAWN NEWS 

IMF to release $550m by June 1

Dar’s Swiss solution

Industrial effluent

FBR criticised for delaying refunds

THE NEWS 

1,000MW to be added in next 24 hours, PM told

‘Power outages threatening textile industry’

Neighbourly trade

FBR accused of delaying refunds

EPZA posts 23pc growth in exports

CNG association not happy with three-day shutdowns

B RECORDER 

Delayed issuance of refund: compensation to be reckoned from date of deemed assessment: FTO

$550 million tranche expected by June: Dar

KCCI seeks policy shift for meaningful Change

APTMA urges government for uninterrupted power supply

Refund claims: government policy is in violation of ST Act: PFA

Extra ST waiver, less gas shutdown demanded: APCNGA, KTI warn government of countrywide protests

Cut in minimum turnover tax: budget proposal to facilitate oil & gas sector under study

Total turnover: SECP seeks cut in general rate of minimum tax to 0.5 percent

Cotton yarn export dips by six percent in July-March

Zero-rated duty, eight percent interest rate: MoTI suggests steps for textile exports boost

Amendment to FED Act, related rules Proposed


TMA HEAD OFFICE 

DATE 10th-May-2014

DAWN NEWS 

$200bn of Pakistan in Swiss banks: Dar

Govt diverts gas to power stations

Govt seeks one month to implement WHO Recommendation

Sindh readies law to tax farm income

US tax law annoys investors

Car sales increase despite price hike

SBP to finalise warehouse financing

THE NEWS 

Govt to recover $200 bn illegally-stashed in Swiss banks

Dual nationals to come under US tax net

FBR target lowered, power sector subsidies to be slashed

Gas quota of power sector increased

Ban on Geo may jeopardize GSP plus status

Pakistan now wants one month to implement travel restrictions

PIA cuts fares for Umrah, some domestic sectors

Authorities under pressure as travellers queue up for polio vaccination Certificates

WHO restrictions on Pakistani travellers ‘shameful’: PMA

Minister for level-playing field by US banks

Textile sector profits down by 9 percent

Cost of exemptions making tax system unequal: FBR

Finance Ministry rebuts Dr Pasha’s statement

‘Water crisis threat to country’s security’

LCCI rejects SRO

B RECORDER 

SECP suggests gradual reduction in corporate tax rates

LCCI seeks withdrawal of SRO 351 (I)

Punjab CNG outlets to get gas two days a week

Expo Pakistan 2013: TI-P does a commendable job

9MFY14: textile sector profits down nine Percent

Over 11-hour power outage: manufacturing, exporting sectors badly hit: PIAF

Amendments to procedure for availing tax exemption on import 80 shipments of solar equipment remain stuck at port

PIA reduces fares on Umra, domestic Flights

JANG NEWS 

Crack down in industrial area against illegal water connections 


TMA HEAD OFFICE 

DATE 9th-May-2014

DAWN NEWS 

Industrial policy likely this year

Reserves rise to two-year high

Pakistan trade fair opens in India

19 Chinese groups to invest in Pakistan

THE NEWS 

No WHO ban on Pakistanis travelling abroad: FO

Health officials to issue certificates of polio vaccination

Five-year plan on trade facilitation on the cards

Customs announces action against businessmen

Forex reserves surge to $12bn

Govt’s will can remove economic inefficiencies: experts

Suraj Cotton to form solar firm

CNG stations to remain shut tomorrow

B RECORDER 

Pakistan considers Poland as gateway to Europe: Dastgir

SSGC may revert to three-day CNG closure in a week

Tax recovery, registration: DGI&I IR empowered to carry out assessment,audit

FBR detects massive misuse of DTRE scheme by big shots

All type of commercial activities: KTBA for making NTN mandatory

FBR urged to formulate equity-based tax Policy

Envoy says Pakistan valuable trade partner of Netherlands

Shadow budget: FPCCI seeks meeting with Dar

PM dissatisfied with Water and Power Ministry

Forex reserves soar to $12 billion

JANG NEWS 

Economic direction set on right track

Tax should believed according to income

Refund system over

Focal person appointed in custom to deal issues of importers and exporters 

Biggest textile mills will be setup in Faisalabad by china

Nation will get good news in budget 


TMA HEAD OFFICE 

DATE 8th-May-2014

DAWN NEWS 

Pakistan asks WHO for 15-day grace period

Polio restrictions upset travellers’ plans

Aptma urges govt to resolve energy crisis

467 firms enrolled

LPG prices fall on rising production

Indian microlender trumps billionaires

‘Most cities enveloped in dangerous air’

THE NEWS 

Bring down power outages to six hours: Nawaz

In China, 64% say they are environmentalists

WHO travel advisory: Govt demands and gets two weeks time

FBR to face Rs225bn revenue shortfall

Pakistan may be exposed to $52 billion loan: Dr Pasha

GSP Plus yet to reflect in textile stocks

SECP registers 467 new firms

FBR warned against removing tax exemptions

Economic revival likely under present govt: report

SBP’s reminder

LPG prices at lowest level since 2011

B RECORDER 

Long-hour power outages: business community warns government of industrial closures

Increasing tax base: FCCI ready to cooperate with officials

MCCI urges government to cut GST rate to single digit

Severe loadshedding, gas outages: one million spindles stop working across country: APTMA chief

Tax-GDP ratio going down: FBR may hardly collect Rs 2,250 billion revenue: Pasha

Direct taxes favoured: think tank floats Rs 200 billion taxation proposals

Generation mix, cost structure, T&D losses: power tariff remains higher than

India, BD & Sri Lanka, National Assembly told

SECP registers 467 new limited liability firms in April

Withdrawal of 5 percent duty from import of cotton yarn: ECC's move to

have negative impact on economy: PAF chief

$2 million export orders expected: TMA delegation sees about achieving goals in Australia

SBP reminds public to exchange decimal coins

Customs controls and commercial fraud

Industrial sector and social responsibility

Next two generations mortgaged by government: Pasha

JANG NEWS 

Due attention should be give while construction of roads in industrial areas

Textile industry in crisis

SBP’s reminder


TMA HEAD OFFICE 

DATE 7th-May-2014

DAWN NEWS 

'WHO step preventive, not a travel restriction’

Dubai may need to do more to avert property bubble: IMF

Warsaw moot to help boost bilateral trade

Polio vaccination confusion hits travelers

Plans to vaccinate inter-provincial travelers against polio

THE NEWS 

Ties with one country not at expense of other: PM

Polio attackers have isolated Pakistan in world

PPP senators submit motion on WHO travel restrictions

Polio advice

Makers prefer to export basic textiles: experts

Power outages threat to employment: Aptma

Target’s CEO removal rattles investors

B RECORDER 

Ambassadors urged to persuade foreign investors: foreign policy in relation to Middle East explained

Rs 500 billion tax exemptions to go in next three years: FBR Member

Malaysia: efforts on to enhance bilateral export volume: envoy

70 percent decrease in trade activities: AKTI's chief ascribes slump to political Uncertainty

PCDMA urges government to reduce sales tax to 12.5 percent

Dastgir arrives in Warsaw

FBR reviews number of concessionary SROs

Polio plight

Textile industry: APTMA urges Prime Minister to ensure regular energy supply

Travel restrictions: no deadline set

JANG NEWS 

All illegal hydrants to be demolished 

EXPRESS NEWS 

TMA Trader delegation reached Newzealnad from Australia


TMA HEAD OFFICE 

DATE 6th-May-2014

DAWN NEWS 

WHO puts shackles on Pakistan over polio

Polio-related travel ban

Export funds continue to be diverted

Regional trade remains one-sided

FPCCI wants ST rate cut to 5pc

KCCI proposals

Metro to step up expansion in India

Sindh PA seeks ban on all unregistered SIMs

THE NEWS 

WHO recommends travel restrictions on Pakistan

Govt may withdraw exemptions to minimise revenue shortfall

Govt earns 2.3pc instead of 17pc from Sales Tax

Optimism of Dar

Tata conferred one of UK’s highest awards

Microchip would make your PC work like human brain!

Pakistan assures support for establishing Asia Infrastructure Bank

Electricity crisis deepens as 4 power houses close down

Chambers urge Dar to discuss budget proposals

Energy mismanagement eating up Rs500 billion: experts

FPCCI demands fixed tax on retailers

Pakistan show in Amritsar from 8th

B RECORDER 

WHO imposes travel curbs: polio vaccination mandatory

EDB budget proposal: ST zero-rating on plant, machinery sought

Policymaking Chambers to be taken on board, PTEA told

FBR offices to stay open on Saturdays

2014-15 budget proposals: GST rate should be brought down to a single digit, suggests FPCCI

Raising reserves through high-cost Borrowing

FBR holds workshop on e-portal services at RTO Multan

China assured support for Asia Infrastructure Bank

JANG NEWS 

Efforts being made to stop cancelation of various SROs in Federal Budget

Finance mister urged to call joint meeting all chambers

Value added sector got set back on with throwing exemption of 5% duty 

Pakistan show will be held at Amritsar  


TMA HEAD OFFICE 

DATE 5th-May-2014

DAWN NEWS 

Over Rs6 billion gas stolen by commercial, industrial consumers last year

Economy to grow by over 4 per cent thisyear, says Dar

Steps being taken to streamline system: Ahsan

Wasting the breathing space

Employing foot-loose capital in productive Assets

THE NEWS 

Those earning $2 a day should also be counted as poor: Dar

B RECORDER 

Agriculture and industry: Dar optimistic about growth prospects

World Bank appreciates finance minister's vision

Demonstration held against loadshedding in Faisalabad

Multan Dry Port: businessmen urged to expand trade activities

Petroleum products price differentials: benefits to be transferred to masses: minister

Bangladesh's interbank forex and interest rates

PCDMA submits proposals for budget 2014-15: withdrawal of ISL, access to

banking info suggested

Cotton yarn import: duty unlikely to benefit textile sector

PCGA rejects cotton standardisation fee


TMA HEAD OFFICE 

DATE 4th-May-2014

DAWN NEWS

WB happy with economic reforms, revenue Mobilization

Deadly industrial effluent

Steps for economic recovery

13.39m cotton bales produced

THE NEWS 

WB happy with economic reforms, revenue Mobilization

Steps for economic recovery

Rs1 billion per day

Forex reserves to reach $15 bn by Sept 30, says Dar

Govt to present budget 2014-15 on June 6

CPLC returns 50 snatched, stolen cellphones to owners

Pakistan receives $400m loan from ADB

FPCCI outlines steps for 7pc GDP growth

Work on LNG terminal may start next month

Import policy criticized

Good governance to lessen public pain: economists

B RECORDER

Foreign exchange reserves will soar to $15 billion by September: Dar

Diplomats' help sought to promote 'My Karachi Exhibition'

Over- and under-invoicing

'Textile industry looks for alternate power generation sources'

APCNGA, Petroleum minister agree to alter schedule for Punjab

Cotton production shows 3.69 percent increase: PCGA

Bed-wear export shoots up by 21 Percent


TMA HEAD OFFICE 

DATE 3rd-May-2014

DAWN NEWS 

World Bank approves $12bn loans

Closure causes Rs20bn trade loss

Higher CPI to change investment climate

Value addition must to woo investors, says textile minister

THE NEWS 

World Bank approves $12 bn loan for Pakistan

Diabetes may ‘shrink brain’

Power bills’ due date extended till 5th

India poised to take over China as largest cotton producer: ICAC

Customs starts liquidating pending bank guarantees

Traders suffer loss of over Rs2bn due to shutter down

Businessmen for regulatory duty on imported goods under FTAs

Forex reserves fell to $11.74bn

B RECORDER 

Prime Minister''s incentive package elicits poor response: FBR

UK businessmen keen to make investment in Pakistan

Efforts on to declare Fiscal Year 2014- 15 year of textile industry

K-Electric extends payment date

Western Union confident it can fend off competition from Wal-Mart

Fuel prices slashed further

Chinese companies: FCCI's proposal on joint ventures appreciated

Minimum tax regime: FBR may exclude loss-making entities

Production activities badly hurt

Forex reserves fall by $13.1 million in a Week

Ease of Doing Business'' Index: plan chalked out to improve country''s rating: Miftah

JANG NEWS 

Pakistan Forex reserves fell to $11.74bn


TMA HEAD OFFICE 

DATE 2nd-May-2014

DAWN NEWS 

Power outages ring alarm bells for govt

Govt under pressure to reappoint trade Officers

Pakistan among worlds cheapest economies

Choice of Wathra as SBP governor

Govt likely to withdraw tax exemptions granted through SROs

THE NEWS 

Pakistan must take advantage of EUs GSP-plus scheme

Govt urged to evolve strategies for better wages

Lack of industrialisation forcing workers to compromise on rights

Pakistan fails to benefit from GSP Plus

World Bank approves $1 bn budgetary support for Pakistan

Go for protein-rich breakfast for a healthy day

Gas pipeline blown up in Dera Bugti

B RECORDER 

GSP Plus status Prime Minister lauds UKs support

July-March readymade garments export up 9.36 percent

Directorates in row over jurisdiction: probe into Rs 47.110 billion ST scam in jeopardy

Exhibitions exchange of delegations must to boost Pak-China trade

JANG NEWS 

Pak china trade can be enhanced by 15 billion $

FTA with Japan is in progress

Rauf Siddiqi paid a surprise visit to sindh small industries corporation

Business community should focus on improvising quality of products

Unscheduled load shedding has paralyzed power loom sector

Tax should be lived according to income  


TMA HEAD OFFICE 

DATE 1st-May-2014

DAWN NEWS 

Prices of petrol diesel reduced

SBP chief promises financial stability

Punjab textile industry braces for tough Months

Minister hints at FTA with Japan

THE NEWS 

Petrol down by Re0.34 per litre, diesel by Rs4.51

FPCCI expresses solidarity with armed forces

Tax by mobile

Pakistan may get fourth tranche of IMF loan soon

FBR faces Rs29 billion shortfall in April

Nawazs Iran visit to normalise trade

PM tax incentive scheme expires

FPCCI proposes simplification of tax laws

GSP Plus a proof of EU confidence

B RECORDER 

Government cuts diesel price by Rs 4.51, petrol 34 paisas

Wathra reiterates SBPs role in maintaining financial stability

Minister to visit APTMA Punjab

Labour Day has become just an annual Ritual

Cellular fraud

Beneficial ownership details listed companies directors must submit Form-31 on time SECP on time SECP

Textile industry MoC proposes concessionary rate of refinance Dastgir

LPG prices reduced by Rs 15 per kg

JANG NEWS 

Pol prices reduced

Germany is interested in enhancing investment with various sectors

Exporters losses will be compensated on start of export refinances scheme