News Clipping - Archives September 2015


TMA HEAD OFFICE 

DATE: September 30, 2015

DAWN NEWS

Karachiites cautioned against heatwave

K-Electric bills

‘Tax puzzles’

Ogra proposes new petrol, diesel prices

Pakistan, Belarus to set up economic zones

119 taxes affecting Punjab’s economic growth

India cuts interest rates to four-year low

ABC Pakistan elects president

IMF announces immediate disbursement of $504m to Pakistan

Provincial EOBI chairman to be appointed Soon

THE NEWS

Pakistan improves ranking in Global Competitiveness Report

The new ECL policy

Minister for Borrowings

CM irked as Sindh yet to enact 31 laws

Withholding tax, another bane for NSO savers

IMF approves $500mln loan for Pakistan

Indian central bank cuts key interest rate to 6.75 percent

Forex reserves fall to $18.50bln

Multitasking must to sustain industrial robotisation

B RECORDER

India''s central bank cuts interest rates to four-year low

Balance sheets, accounts: SECP tells non-listed companies to follow reporting standards

18th Constitutional Amendment: chief minister Sindh concerned over slow pace of implementation

IT returns/wealth statements: PTAA seeks time extension till November 30

Tax returns: MCCI urges FBR to extend Deadline

FCCI chief spells out achievements

Masjid-e-Nabvi: Friday sermons to be translated into six languages

Pakistan joins world's largest exhibitions of apparels in Paris

Data manipulation

Date for filing WHT statements extended till October 8

'Gates richest American'

Textile exports: August good; 2015 bad

DAILY EXPRESS

Summary sent for reducing prices of petrol by 0.10 paisa and HSD by Rs 2/-

Pakistan and Beralaus agreed to establish special economic zones

Forex reserves decreased by 22 corore 53 lac dollar

Indian central bank cut interest rate by 50 basis point


TMA HEAD OFFICE 

DATE: September 29, 2015

DAWN NEWS

Analysis: Eurobond attracts controversy

Extension in tax returns filing deadline sought

Piling up more debt

Bond questions

Belarus agrees on economic roadmap

All power companies sent wrong bills to consumers: Nepra

THE NEWS

Power outages, shortfalls are fake: Nepra

Pakistan, Belarus agree to boost trade

FBR says around 60 percent SECP registered firms non-filers

Date extended

Tanners’ body elects office-bearers

B RECORDER

SEZs under CPEC: eligibility criteria set

Poor performance: Consumers seek restructuring of Nepra

Tax collection suppressed: LTU Karachi mulling legal action against banks

PTA elects new office-bearers

Bad timing leads to costly borrowing

Highly controversial step by SRB

Proposed five-year roadmap: Belarus offers gateway to Eurasian Economic Union

DAILY EXPRESS

Economic experts declared euro bond and expensive deal 

Pakistan and Berlaus agreed on trade and economic road map

Extension of 1 month demanded in filing of income tax return 

Political issues hurting Pak Afghan trade

32 Pakistani companies participated in tax world exhibition


TMA HEAD OFFICE 

DATE: September 28, 2015

DAWN NEWS

Bank profits

Wastewater treatment

E-FBR

New bond raises about $1bn in world market

Impact and utility of interest rate cuts

Looming pressures on rupee

THE NEWS

Pakistan issues $500 million Eurobonds for 10 years

Withholding tax or upholding squabbles?

Euro bond

Banking cannot prosper within a culture of fear

B RECORDER

10-year $500 million bond issued at 8.25 percent rate

Domestic consumers: Nepra advises government to eliminate tariff slab subsidies

Taxpayers finding it difficult to access ATL

POL products: government urged to withdraw GST

Dubai housing squeeze pushes middleincome expats out to the suburbs

Cost of terror attacks on Pakistan's Economy

Pakistan, Turkey agree to speed up work on FTA

DAILY EXPRESS

In spite of progress of banking sector number of ATMs is still limited


TMA HEAD OFFICE 

DATE: September 25, 2015

DAWN NEWS

Squeeze on NSS rates

Fall in bank deposits

Strategy evolved to remove trade barriers

Pakistan to get $502m from IMF

THE NEWS

FBR urged to further extend tax filing date

Flawed trade agreements bear no fruits

B RECORDER

WHT on bank transactions has emerged as threat to banks Shahid

Bilwani made PAJCCI President Motiwala for tapping CIS markets via Afghanistan

Fair taxation

Collection LTUs, RTOs ordered to reconcile statistics with SBP


TMA HEAD OFFICE 
 
DATE: September 24, 2015

DAWN NEWS

PM to announce incentives package next Month

Non-textile exports dip 22pc

THE NEWS

Pakistan launching Eurobond to boost foreign currency reserves

Zero loadshedding for industrial sector till Dec

India, US renew partnership

FBR to conduct audit of all non-filers

Zahid Saeed new Kati president

New tax reforms demanded

B RECORDER

Microfinance company on pattern of Grameen Bank may be set up

LCCI seeks introduction of tax reforms

Textile industry: power surcharges adding to cost of doing business

Textile industry: skill training project being launched throughout country

Zahid Saeed elected Kati President

Bank loan and jurisdiction of NAB

Prime Minister to unveil package for exporters next month: Dastgir

ST adjustment: FBR to go through retrospective applicability of MoU with SRB

DAILY EXPRESS

Transfer of collection of sales tax on goods to provinces

Incentive package for export sector would be brought next month federal commerce minister

Karachi traders demanded dismissal of federal finance minister

Zahid Saeed elected UN opposed president of KATI


 TMA HEAD OFFICE 

DATE: September 23, 2015

DAWN NEWS

Labour inspections

KE: exorbitant charges

Timing for tax filing extended

FBR fails to resolve e-filing problems

‘LNG can meet energy needs’

LSM growth rises to 4.7pc in July

THE NEWS

Finance minister urged to take initiative

Businessmen concerned over no export package

‘Great scope for Pakistani products in US’

B RECORDER

Textile sector eagerly awaiting package''s arrival

Date for submission of ST/FED returns Extended

Textile relief package delayed

PTEA chief terms refund claims, energy shortages major challenges

India and US seek to deepen economic Ties

SOS sent to Dar: KTBA seeks twomonth extension in e-filing of returns

Fed's statement: a tactical retreat 

DAILY EXPRESS

Large scale manufacturing increased by 4.6%

Banks and FBR offices will remain open till late hours on 29th and 30th September


TMA HEAD OFFICE 

DATE: September 22, 2015

DAWN NEWS

‘Pakistan lags behind in implementing labour conventions’

Notice

Dollar slides in open market, but rises in banks

Textile, clothing exports fall

Tariff increase for Fesco sought

LCCI polls for corporate class

PHMA names new chairman

THE NEWS

Pakistan ranks lowest in access to mobile broadband

Structural imbalances need attention

B RECORDER

e-returns: Dar irked by taxmen''s Complacency

Karachi, Lahore and Islamabad LTUs: 768 refund claims involving Rs 74.120 billion pending

PBIF chief lauds government'sdecision to review FTA with China

PCDMA elections held

KE reduces loadshedding hours

Declaring election null and void: PCGA indecisive regarding DGTO decision

CNIC in place of NTN: FTO asks FBRto explain policy

PHMA elects new office-bearers

Reduction in POL products' prices: government urged to pass on full benefit to people

APTMA chief seeks textile package before Eid

DAILY EXPRESS

Final decision would be taken in next few days with regard to taxes Main Adress

Postal department are collecting more withholding tax

Pakistan offered free economic zones to South Korea

Federal commerce Minister will visit Europe to review GSP plus

August 2015 Textile exports increased by 11.24%    


TMA HEAD OFFICE 

DATE: September 21, 2015

DAWN NEWS

Aptma wants govt to unveil ‘promised’ package

KE’s charges

Makkah tragedy

Pay Tax or Pay Price

What keeps policymakers on their toes all the Time

Trade skills improve profits

THE NEWS

Foreign investment increasing in country, says Dar

B RECORDER

Securities transactions: SECP empowered to obtain account information

MCCI resents tariff hike move

Round-the-clock supply of electricity acceptable: MCCI


TMA HEAD OFFICE 

DATE: September 20, 2015

DAWN NEWS

NAB chairman defends bargain options

SC issues decree on value of immovable Property

Tax puzzles

Sindh mulls revamping industrial estates

Bangladesh to invest $8bn in infrastructure

THE NEWS

FBR makes HS code on sales tax invoice mandatory

No holidays for FBR officials before or after Eid

Bangladesh wants to invest $8 bln in infrastructure

Pakistan-Korea FTA likely to be finalised by 2017

SMEs urged to tap solar energy

KCCI elects office-bearers for 2015-16

FPCCI, Russian trade body sign MoU

B RECORDER

Southern Circle: TMA elects officebearers

'Third FPCCI Achievement Awards' function on October 1

Younus M Bashir elected president of KCCI

Electricity bills: APTMA seeks extension in last date of payment

Cut in furnace oil prices: Textile industry to shelve renewable energy options

Bangladesh wants to invest $8 billion in Infrastructure

Mega fraud case: RTO Faisalabad recovers Rs 158 million tax from leading textile miller

Finance, IT Ministers briefed about efiling Issues

DAILY EXPRESS

Short fall in collection of tax during July-December expected by Rs 100 Billion

Holidays before and after eid stopped for FBR Employs

Pakistan chamber of commerce and industries president drives at RCCI

Youns Bashir elected un opposed president of KCCI


TMA HEAD OFFICE 

DATE: September 19, 2015

DAWN NEWS

Senate committee questions FBR data

Cotton output dips to 2.197m bales

Moody’s maintains stable outlook for Pakistan

THE NEWS

Signing of gas sales agreement

Expats have no option to get registered for income tax

Cotton production target revised down to 13.3 million bales

FBR initiates banks’ auditing to verify deducted taxes

US keen to do business with Pakistan: diplomat

Bank holiday

Aptma wants to meet minister

B RECORDER

Income tax returns: every taxpayer required to obtain NTN

Sales tax refund: Senate body claims FBR providing ''fudged'' figures

Tax appeals wilfully delayed to show higher revenue: SC

Account information: LHC suspends IR department''s notices to banks

US deeply interested in doing business with Pakistan: US envoy

Energy crisis: US ready to provide every possible aid to Pakistan: CG

'Business can be enhanced by projecting Pakistan's soft image'

APBF lauds policy rate cut

Decisions on taxpayers' appeals: Senate body concerned over FBR chief's alleged directives

WHT on bank transactions: Lockers being used to circumvent FBR's move: Senator

Government criticised for ignoring textile Sector

Checking the abuse of ECL

Commerce ministry officials grilled for poor performance

24/7 power supply: APTMA ready to discuss Rs 9 per unit offer


TMA HEAD OFFICE 

DATE: September 18, 2015

DAWN NEWS

Economic turbulence in China

Customs implement WeBOC at Wahga

Advisory cell for textile industry

Reserves at $18.73bn

Fed keeps interest rates at record lows

Pakistan remains least favoured nation in India

People cautioned as heatwave forecast for two Days

THE NEWS

Hearing in 21 corruption cases of TDAP put off

The NAB method

China to give Pakistan more concessions in trade

Private sector’s participation sought for corridor’s development

Business confidence likely to rise: survey

‘China wants Pakistan to benefit from its development’

Real estate blooms as crime plunges low

Forex reserves surge

B RECORDER

TY2014 audit: taxpayers availing Prime Minister''s package excluded

WHT: Taxmen to monitor banks from Today

Karachi may be hit by another heatwave

Forex reserves up by $128 million

CPFTA-II: Pakistan, China agree to expedite negotiations

Processing mill owners go on strike

APTPMA Faisalabad Region: five candidates elected unopposed

Closure of bleaching, dying and printing units imminent

Strike of sizing units enters second Week

Senate body members term FBR corrupt

Sec 30 of ST Act, 1990: IR small cadre to be given designations of authorities

Proposed AML: Senate body links approval to exclusion of tax fraud offences

Illogical taxes

KCCI for making NTN mandatory to open bank accounts

Tax collection: NIFT to facilitate FBR on September 30

PTA seeks early release of refund Claims

Indonesia willing to ink FTA with Pakistan: CG

EDG wins PHMA elections

Ogra likely to fix LNG price by monthend: Abbasi

Uzma Adil new MD SNGPL

DAILY EXPRESS

Govt should avoid short cut regarding bank transaction tax

Reserves at $18.73bn

Post clearance audit


TMA HEAD OFFICE 

DATE: September 17, 2015

DAWN NEWS

65,000 names taken off ECL, passport blacklist

Ex-secretary says he’s not facing landscam Charge

LPG price raised by Rs20 in a week

Trade with Japan reaches $1.6bn

Board of revenue sindh

LHC forms ‘Climate Change Commission’

International Trade Exhibition 

International Trade Exhibition 

THE NEWS

SNGPL MD Arif Hameed resigns

‘Unchecked remittances means for money laundering’

Smeda with bfz gGmbH initiates project Espire

KCAA office-bearers elected

Tanners demand share in Rs150bln uplift package

Hayat elected PLGMEA chief

‘Developing countries realise SMEs importance’

B RECORDER

MD SNGPL Arif Hameed resigns

LHC constitutes 'Climate Change Commission'

Suspension of gas in winter: business community slams decision

LPG prices increased sans Ogra's Approval

Textile industry divided over gas suspension in winter

Pakistan's literacy rate increased to 60 percent: minister

Excess volume of UfG: Ogra may slap Rs 21 billion penalty on gas utilities

PBEA Chairman refutes Bilwani's Statement

FBR's ATLs undated, unstamped and without bar code: KTBA

Incentives for exporters

DAILY EXPRESS

Prosperity will prevail due to corridor project

Candidates of export development group of PHMA elected unopposed

KMC was unfair prices. Demand reduction

Pak-India tension does not effect trade

Farruk Maqbool elected chairman of Towel Manufacturer Association of Pakistan


 

TMA HEAD OFFICE 

DATE: September 16, 2015

DAWN NEWS

Gas shortages

Textile exports

FDI rises 7.5pc in two months

KTBA complains to FBR about system Malfunction

Drawback rates on leather goods increased

SECP names members for dispute resolution Committees

FBR extends filing date to 28th

THE NEWS

FBR extends last date to file withholding tax statement

TDAP trade team meets Russian officials

Govt urged to lower business cost

Sindh govt may cancel all land allotments made since 2010

Govt announces three holidays for Eidul Azha

A Discounted delight

Duty repayment rate for finished leather products raised

FDI increases 7.5pc in July-August period

Gas discovered

ATL vulnerable to alteration, FBR informed

FBR extends last date to file withholding tax statement

TDAP trade team meets Russian officials

Govt urged to lower business cost

B RECORDER

DAILY EXPRESS

Value added sector expressed concern on not inviting them in meeting

Pakistan ginners association elections declared null and void

Traders deferred protest against withholding tax due to EID and Haj

Foreign investment decreased by 80%


TMA HEAD OFFICE 

DATE: September 15, 2015

DAWN NEWS

Wasting energy on FTAs

No gas for industrial consumers this winter: Minister

Bank deposits fall by Rs121 billion in two Months

75,871 cases selected for audit

Punjab govt to waive tax on mobile internet

PKSEA, TMA elect chairmen

Carpet industry for softer image of Pakistan

‘Peace talks, trade the only way to resolve Pakistan-India conflict’

THE NEWS

Beware of registration as eunuch with Nadra

Ex-employee and now politician ‘untraceable’ with FO’s $2.4m

The gas stand-off

No gas for commercial consumers in winter, says Shahid Khaqan

‘Indian, Pakistani premiers’ interest in trade may help ease tensions’

SBP injects Rs61.9bln into money market

‘Anti-corruption drive useless without transparency’

TDAP delegation leaves for Russia

B RECORDER

Random ballot: FBR selects nearly 76,000 persons for audit

Petroleum products: Increase in ST under consideration

Forex reserves to touch $21 billion mark this year: minister

Reduced interest rate not enough to spur growth: PBIF chief

Bangladesh: HC for enhancing bilateral Trade

Extension, amnesty sought: KTBA terms FBR's online modules 'problem-prone'

SECP registers 386 companies in July

More analytical discourse expected from SBP

Tax issues of retail and wholesale trade

Chinese to be told CPFTA causing Rs 21 billion loss: Dastgir to attend SCO ministers' moot

DAILY EXPRESS

SNGL not provide Gas to industries during winter

Loss of millions of rupees due to fire in super store and textile mills

Concern expressed on low volume of trade between  Bangladesh and Pakistan


TMA HEAD OFFICE 

DATE: September 14, 2015

DAWN NEWS

Electronic crime

Business as usual

TDAP case Ex-official tortured to get statement, says Gilani

Exports take centre stage

Need for a bankruptcy law

Extractive WHT policy

Delhi’s dreams of overtaking China

THE NEWS

Sindh won’t allow use of its gas by others: ministers

A controversial law

Nawaz to declare package for boosting exports shortly

Dangers in Delhi’s dreams of overtaking China

Keeping trade alive

B RECORDER

Dar says exporters to get incentives

Monetary policy relevant?

SBP moving too fast?

Banking instruments: WHT to discourage documentation drive: Pasha

Section 224 applies to specified categories of persons: SECP Appellate Bench

There's paradigm shift in government's approach to exports: Dastgir

MCCI chief hails 50bps cut in policy rate

17 percent ST on starch: sizing sector continues its protest

Protest over WHT

Economic democracy

Nepra to approve refund at a public hearing on September 15

Revised foreign currency cash carrying limit: FBR starts devising appropriate mechanism

DAILY EXPRESS

The federal government has announced to increase exports minister

Khurram Dastgir will go to China today to negotiate FTA China

PM will give export Promotion package will soon Khurram Dastgir


TMA HEAD OFFICE 

DATE: September 13, 2015

DAWN NEWS

Interest rate slashed to 6pc

Monetary policy

The ADR route

Withholding tax

Electricity tariff hike

THE NEWS

Policy rate slashed by 50bps to six percent

SBP makes surprise rate cut with wary eye on rupee

FBR to conduct audit of tax returns

‘Understanding economic volatility imperative for growth’

Bumpy ride for tanners as exports decline 21 percent

Exporters offended on short meeting with PM

B RECORDER

Falling inflation, other factors: policyrate cut by 50 basis points to six percent

SBP slashes O/N repo rate

Major demands not to be met: Nawaz to announce relief package for industry

 Audit policy approved: indicators set to evaluate taxmen's performance: FBR

Bank transaction: WHT documentation measure, insists FBR

LCCI hails 50bps cut in policy rate

Business community welcomes cut in interest rate

Apparel Sector dissatisfied over exporters meeting with Prime Minister

New audit policy: Certain exclusions identified and approved by FBR

DAILY EXPRESS

Policy rate slashed by 50bps to six percent

This year will go up to $ 21 billion in foreign exchange

Stressed on settlement of corporate disputes through their system

Govt should sort out problems of exporters

Lahore chamber stressed on settlement of exporters refund

Policy rate cut

Law should be congaed for remittance 


TMA HEAD OFFICE 

DATE: September 12, 2015

DAWN NEWS

Banks, DFIs told to provide account details of 4 accused to Rangers

Withholding tax

Rupee may slide further vs dollar

PM courts industry with package to boost Exports

Trade gap shrank 8pc to $3.77bn in July-Aug

Families seek monument to Baldia factory fire Victims

THE NEWS

Karachi to be peaceful in two years: Nawaz

Pakistan lags far behind in compensating industrial victims

Govt fails to remove MD SNGPL in board meeting

Govt content with safety law draft as 64 families await compensation

SBP likely to keep policy rate unchanged

SECP asks corporates to adopt ADRs

KCCI protests against no invitation from PM

LCCI slams gas tariff hike

FPCCI, PTBA to strengthen B2B ties

B RECORDER

PKR, gas tariff, GIDC: exporters'''' demands rejected by government

KCCI irked by its absence

Talks with IMF: traders'''' protest throws a spanner in government''''s works

Power tariff slashed by Rs 2.19 per unit

MPS today

Customs computerised system: Collectors empowered to modify Provisions

Cargo agents: FBR approached for withdrawal of 8 percent minimum tax

Business community for early clearance of refund claims

Loan default case: NAB arrests directors of Al-Abid Silk Mills

KPCCI hails reduction in power tariff

Income tax rules: KTBA suggests removal of sub-rule (5) from Rule 231E

Sizing units go on indefinite strike

FPCCI chief will give himself for arrest on Tuesday

DAILY EXPRESS

Nawaz Sharif announced reduction in electric tariff by Rs 2.19 per unit

Rs347/- million defaulter M/s. Al-Abid silk Mills 5 director arrested

Industries will be shifted to other countries if problems are not resolved

Minister of finance called meeting of traders on bank transaction to remove reservations 

Families seek monument to Baldia factory fire Victims

Joint investigation team of gutted factory could not proceed abroad

Important decisions at diplomatic level to increase exports

KCCI protests against no invitation from PM


TMA HEAD OFFICE 

DATE: September 11, 2015

DAWN NEWS

Interior minister announces ban on fresh arms Licences

Incentives package to lift exports likely

SECP approves financial standards for SMEs, SSEs

THE NEWS

Evolving a tax culture

July-August exports dip 10 percent to $3.4 billion

FBR encourages retailers, wholesalers to file ST returns

Forex reserves rise to $18.598bln

Corrigendum

Pakistan fails to perform well on growth pillars: report

Need stressed to attract US investment

B RECORDER

WHT on bank transactions: step only aimed at generating revenue

Forex reserves rise to $18.6 billion

Sarwar claims government 'extorting' money via WHT

July cotton yarn export up 11 percent

Policy rate imperatives

Prime Minister may announce package for 'upset' exporters today

DAILY EXPRESS

Pakistans exports decreased by 10.27% in 2 months

PM will announces steps today to increase exports

Remittances increased by 8%

Monetary policy will be announced tomorrow


TMA HEAD OFFICE 

DATE: September 10, 2015

DAWN NEWS

Pakistan stresses need for plan to deal with refugee crisis

Two officials convicted of embezzlement

Battling taxes

Checking documents

Billions lost as traders protest against bank transaction tax

China PM seeks to quell global markets’ fears

Monetary policy on 12th

PM invites businessmen for meeting this week

Body on new industrial projects starts work

Dubai property developers upbeat despite falling prices

THE NEWS

Govt to pass on benefit of cheaper power generation to consumers

Central bank holds nerve on rupee depreciation demands

Lesco overbilling consumers with staff connivance

FBR urged to allow adjustment of brought forward losses against super tax

‘Pakistan loses comparative share in global market’

Traders, businessmen observe strike; threaten sit-ins

‘Three years on, no lessons learnt from Baldia factory fire’

B RECORDER

MPS on Saturday: Policy rate may be kept unchanged

KCCI polls to be held on September 19

Traders to have direct links with counterparts in South Africa: HC

WHT on banking transactions: traders observe countrywide strike

LCCI seeks withdrawal of WHT on bank Transactions

New office-bearers of PTEA elected Unopposed

Transfers, postings in FBR

PLGMEA demands measures to arrest slide in exports: Body to meet Prime Minister tomorrow

Determining the character of income from other sources

Boosting textile export: Senate panel calls for taking required measures

Supply of electricity to ginneries: FBR refuses to grant ST zero-rating facility

Sector-specific issues: economic team to hold talks with exporters today

Heimtextile

DAILY EXPRESS

Committee formed on 8% tax on services comments called from stake holders

Large exporters delegation will call on prime minster tomorrow

DGTO ordered to make appointment through public service commission

Refund being paid to exporters as charity


TMA HEAD OFFICE 

DATE: September 09, 2015

DAWN NEWS

Revision of gas sales prices & minimum charges

Textile delegation leaves for Denmark

Nepra holds public hearing for 121pc increase in Wapda tariff

Govt assures EU of complying with UN Conventions

TDRO to help resolve dispute

Modi seeks to capitalise on China’s market Woes

THE NEWS

LHC restores SNGPL MD Arif Hameed

FBR asks public, private entities to ensure employees’ return filing

Traders, businessmen to observe strike today

Industrialists advised for energy alternatives

Factory fire claims watchman’s life

Olson launches US Mission Pakistan’s Urdu websites

B RECORDER

Corporate audit cases: FBR seeks to exempt certain categories from random ballot

First-ever textile team leaves for Denmark

LCCI to join traders' strike today

Rebate on finished leather products Enhanced

German exports and imports hit record highs in July

China's August import slump raises fears of sharper slowdown

Businessmen apprehend: stalemate over WHT on bank transactions may take toll on economy

CPEC: China must reduce interest rate

Multiple jurisdictions: service providers being taxed: KTBA

WHT on bank transactions: traders to strike for a third time today

LHC reinstates SNGPL MD

Shareholding by directors: SECP issues draft of reporting, disclosure rules

DAILY EXPRESS

U.S consulates inaugurates Urdu website

Withholding tax also effecting general public

Preparation completed in Karachi and Sind for strike

Country wide strike will be held today against withholding tax on bank transaction

46 officers of Inland Revenue replaced

LCCI endorse stricken call

Watchman dead due to fire in SITE factory 


TMA HEAD OFFICE 

DATE: September 08, 2015

DAWN NEWS

Customs officials held over Rs185m ‘corruption’

Money after injury

‘WHT on housewife’

FBR urged to resolve double taxation issue

FTO orders payment of pending refund claims

President approves Countervailing Duties Bill

THE NEWS

Govt to reduce power supply to K-Electric by 300MW

Environmentalists hail likely ban on plastic bags in KP

A portal for workers

Revenue authority holds Rs185bln refund cases: TDAP

SECP forwards proposals to Finance Ministry

Taxpayers facing double taxation due to different provincial laws: KTBA

‘Indian non-tariff barriers hindering exports’

B RECORDER

Increase in tariff: Nepra to hear Wapda''s petition today

Strategy to be chalked out to increase exports: Muneer

PLFBA supports strike against WHT on bank transactions

Rs 185 million loss to kitty: NAB arrests seven customs officers

PTA chief slams 8pc WHT on services

Economic corridor national obligation

Government's approach to taxation Suggestions

SECP asks MoF to implement compulsory group insurance

Incentives for revival of industry: textile stakeholders to meet Prime Minister

DAILY EXPRESS

Country wide strike by traders on withholding tax will be held tomorrow

300 MW electricity reduced for Karachi

Opposition against withholding tax increased

Amendment in federal and provincial law on compulsory insurance proposed

Parr ell  banking beings due to withholding tax

Bank wills change old notes till 30th November 2016

MCC appraisement port qasim revenue target fixed to 2.27 turnovers

Dispute in PCDMA election 


TMA HEAD OFFICE 

DATE: September 07, 2015

DAWN NEWS

Fall in bank deposits

Tax on education

Elusive stability

Rationalising provincial taxes to spur Investment

Stalemate over tax on bank transactions

How not to develop a tax culture

THE NEWS

Law to punish cyber- crimes on the cards

The remittance hole

Tackling climate change

B RECORDER

Cotton intervention price: Summary moved to Prime Minister for approval

Government decision to increase gas tariff criticized

Use of CNIC as NTN for filing IT returns: FTO's intervention sought for implementation of NA's decision

DAILY EXPRESS

Govt is ready to hold dialogue with Traders

Applications called for participation in Chinese Trade Exhibition

Good News for new Tax payers 


TMA HEAD OFFICE 

DATE: September 06, 2015

DAWN NEWS

Digitised property documentation in Sindh

Rupee falling in absence of govt support

FBR urged to restore valuation ruling system

THE NEWS

FIA, NAB launch probe into multibillion rupees refund scam

ICAP proposes reforms in FBR

‘Rupee depreciation won’t increase exports’

B RECORDER

Provinces'' view: Federal government accused of encroaching on tax space

KTBA concerned over SRO 877(1) Enforcement

Banking transaction tax: traders threaten to step up protest

PBIF chief spells out major reason behind low tax collection

PRGMEA concerned over increase in gas Tariff

E-banking transactions surge 100 percent

City Fire Department can't confront any emergency situation: NKATI

DAILY EXPRESS

Traders demanded deferment of withholding tax till 31st December

Increase in gas tariff would be disaster for exports 


TMA HEAD OFFICE 

DATE: September 05, 2015

DAWN NEWS

Customs central region collected Rs7.7bn in July

First online portal about labour inspection Launched

THE NEWS

Women entrepreneurs seek TDAP support

B RECORDER

Cash withdrawals: PBA concerned over 0.6 percent WHT on small borrowers

Government urged to review imposition of 8 percent WHT on services sector

Core government businesses: Pakistan first among Saarc states to introduce eoffice/ e-filing

Services sector: government decides to review eight percent tax

Protest against WHT: banks witness low deposits, claim traders

Cotton arrivals show 24 percent decrease: PCGA

Foreign investors repatriate $52 million in July

DAILY EXPRESS

Proposal to ban import of ordinary mobile phone

Boycott of bank transaction on withholding tax

Chairman FBR approves audit policy

Chairman SECP visited FPCCI

Demanded to with draw gas tariff and sales tax on pl predicts 


TMA HEAD OFFICE 

DATE: September 04, 2015

DAWN NEWS

Tax on NSC

Pakistan’s failing exports

Reserves slip to $18.49bn

APTPMA slams hike in gas price, surcharges

Air cargo agents call off strike

Cotton production shrinks by a quarter

SBP forms unit to check discriminatory Practices

THE NEWS

Anomaly in sales tax law may cause revenue loss

Petrol, diesel consumption surge

FBR dismisses IR officer on corruption charges

SBP directs banks to observe impartiality

Freight forwarders, cargo agents call off strike

Forex reserves decline to $18.497 billion

Govt urged better monetary policy to control deflation

Cost-conscious strategy for industrial policy demanded

Govt urged to remove tax anomalies

KTBA points out FBR non-compliance on tax return forms

FPCCI laments gas tariff hike

B RECORDER

RLNG pipeline: gas companies asked to raise Rs 101 billion for project

Dar briefed over services tax

FPCCI urges Prime Minister to withdraw hike in gas tariff

Solar power termed a swift, economical solution to energy crisis

The audit challenge

Clarification by SSGC chief

Banks and DFIs: SBP sets up unit to deal with discrimination issues

Banning import of raw materials: textile bodies oppose proposal

FPCCI laments gas tariff hike

DAILY EXPRESS

Withholding tax traders will boycott today bank transactions

Withholding tax reduced bank transaction in July by Rs 878 Billion

Reserves slip to $18.49bn

Freight forwarders and cargo agents called of strike

Prime Minister will meet himself with the traders on withholding issue

SSGCL arrested officers cannot be declared guilty


TMA HEAD OFFICE 

DATE: September 03, 2015

DAWN NEWS

Traders hold rallies against withholding tax

Don’t respond to spam emails: FBR

Training course on trade laws

Disruption in petrol supply persists

THE NEWS

Money laundering flourishes under garb of remittances

Fuel insecurity

Bank defaulter cases fall under banking court: SC

Strike piles up trade cargoes; prolonged stand-off feared

Losses prompt Pakistan, China to revisit FTA

Draft rules for super tax issued

ATM transactions reach Rs3.20 trillion in FY15

TDAP takes part in S Africa expo

LCCI urges FBR to use scanners

TDAP, Norwegian envoy discuss trade

KCCI slams revised K-Electric tariff

FBR issues phishing email alert

B RECORDER

Economic corridor: China to extend assistance at 1.6 percent interest rate

Commerce ministry grilled for preparing ''visionless'' STPF

PTA urges government not to levy WHT on turnover of services sector

Hike in gas/electricity tariff: KCCI President rejects government's policy

Goods checking at Karachi port: LCCI urges FBR, ANF to use latest tech

Water management

'CNIC to be used as NTN': FBR bound to implement parliament's decision

Super tax applies to income of banks sans threshold: FBR

Excess tax deduction: big manufacturers facing liquidity crunch

Pasha spells out reasons behind economic woes

DAILY EXPRESS

Country wide protest against withholding tax

Strike against turn over tax continued

K-Electric changed the slab without announcement   


TMA HEAD OFFICE 

DATE: September 02, 2015

DAWN NEWS

Taxing oil

Filing income tax return made more difficult

SBP clarification

WHT on housewife

Taxmen visits for recovery irk textile exporters

Paralysis as freight forwarders, cargo agents down tools

Low CPI creates space for rate cut

Petrol supply to fuel stations resumed after daylong suspension

Nadra pledges more centres

THE NEWS

NAB yet to start accountability of big fish

Citizens suffer as pumps run dry due to oil tankers’ strike

Implementation committee for tax reforms likely

‘Govt must resolve issues with logistics industry’

PIA discounts on foreign flights

Kati concerned over gas price hike

TDAP expo in December

‘Trade associations should push govt for reforms’

More Nadra offices to be set up

Ports remain shut to protest against ‘unjust’ tax

B RECORDER

Terrorism financing: SBP, agencies asked to work much harder

India grants relief from tax that worried foreign investors

CBI expert identifies causes of decline in textile exports

MCCI hails cut in rates of oil products

TDAP to hold WEXNET expo in December

Textile industry pins high hopes on meeting with Prime Minister

Weapons, narcotics: high density scanning systems installed on entry-exit points

Government urged to withdraw hike in gas tariff, GST on petrol products

Taxpayers seek exemption from wealth Statement

Hike in gas prices will devastate CNG industry: Chairman APCNGA

Levy of CGT on immovable property: Law & Finance ministries, FBR to discuss Punjab government's request

PIA announces up to 30 percent discount on international fares.

The constraints and impact of POL prices

Cotton output estimates revised Downward

Five export-oriented sectors: FBR issues instructions on sanctioning of refund claims

2MFY16 FBR pays Rs 21.420 billion refunds and rebates

APOTOA calls off strike


TMA HEAD OFFICE 

DATE: September 01, 2015

DAWN NEWS

Gas tariff increased by up to 67pc

Traders want tax deferred till Dec 31

Tax returns filing date extended to Sept 30

$300m deals reached at textile fair

Transit trade integration to cost $300m

World prepared for US rate hike

THE NEWS

Gas tariff increased by up to 63 percent

Govt raises GST on petroleum products

Dar directs opening of Pakistan micro-finance investment company

FBR extends date of filing of income tax returns for salaried class

People with businesses abroad have no right to do politics in Pakistan:Siraj

Chinese tourists unfazed by currency fall

FBR extends returns filing date to Sept 30

‘Kyrgyzstan wants strong trade ties with Pakistan’

Textile expo attracts $300mln deals

NTC plans to introduce protection policy to safeguard industries

B RECORDER

Gas prices revised upward, POL products'' prices slashed

Sales tax increased

Salaried persons: date for filing IT returns Extended

Of exchange rates and textile

Kyrgyz diplomat for building strong trade ties with Pakistan

Ahsan directs Ministry to finalise water policy in 3 months

E-filing for TY15: Draft return, wealth statement forms introduced

TCP asks FBR to clarify rate of WHT on lint cotton

TRC's tenure extended by 90 days

Government urged to review WHT on services sector

NTC plans to introduce protection policy: Chairman

Don't punish the investor

'Tax on rental services: some questions, concerns'

Provisional figures: Rs 324 billion revenue collected in two months

Australian shares lower on Fed fatigue

Withdrawal of WHT on banking transactions: government rejects demand, again

DAILY EXPRESS

Private company awarded licenses 1st time for distribution of electricity

8% turn over tax facilitator to resort strike form today

FBR could not achieve tax target of august

Date upto 30th September extended for filing of income tax and wealth statement

100 consignments detained for clearance due to corruption identification

TDAP has changed its strategy towards holding exhibition

Protest against bank transaction tax will start from tomorrow  

TMA Press Release