TMA HEAD OFFICE
DATE: May 31, 2015
DAWN NEWS
Currency dealers assured of dollar supply at Rs103
THE NEWS
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
Twice revised target: FBR required to collect Rs 394 billion revenue in June
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
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
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
Political leadership are united on PAK china corridor
TMA HEAD OFFICE
DATE: May 29, 2015
DAWN NEWS
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
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 $255 million
GIDC PIAF urges government to rescind its decision
US EXIM Bank seeks to expand its operations in Pakistan
Customs: 'Colour Markings' on containers under study
APTMA chief apprehends severe implications of GIDC
Karachi peace: Corps Commander praises KCCI's suggestions
Advocating judicious taxation system
Misdeclaration: sections 80, 121 of Customs Act may be amended
DAILY EXPRESS
Loadsheeing for industries has been reduced to Zero
Minimum salary Rs 20,000 MQM presented shadow budget
Tax likely to increase on with drawl of cash form bank
Value added sector demands incentives concessions from govt
TMA HEAD OFFICE
DATE: May 28, 2015
DAWN NEWS
Rs180bn tax exemptions to be withdrawn next Year
Value added Textile Associations
THE NEWS
Black day observed in Sialkot against proposed increase in taxes
Man-made virus can ‘cure’ cancer
Gas cess to double cost of doing business
Growth rate not enough to create employment: IMF
Missed targets linked with poor planning
Exporters demand ‘no payment no refund’ regime
LCCI, EXIM to facilitate traders
Businessmen advised to explore opportunities in foreign lands
B RECORDER
Gas tariff plan ready to generate additional Rs 77 billion
LCCI, EXIM USA join hands to facilitate importers, exporters
'Changes in LNG policy may help country reduce energy crisis'
STRN incorporation LTUs, RTOs approach AG Office to get access to master data
KASB-BankIslami amalgamation: SBP governor explains reasons
APTMA terms GIDC Act 2015 antibusiness Initiative
Government urged to rescind decision
FBR apprises FTO about snags: Circlebased tax collection system favoured
Swiss diplomat urges entrepreneurs to diversify businesses
DAILY EXPRESS
US$ reached at 1ts peak to Rs 104
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
Zero-rating status for key exportables proposed
Bank lockers in need of redesign
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
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
THE NEWS
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
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'
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
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
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
Govt seeks to broaden tax base
Dollar rises on soaring demand
Govt to tax remittances, cut customs tariff slabs to three in budget
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
Gas cess to weaken federation: Imran
KP govt, CNG sector reject gas cess
No new tax on existing tax-payers: FBR chief
Textile, clothing exports fall 1.21pc
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
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
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
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
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
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
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
Appeal save the Textile Industry from Collapse
Budget 2015-16: hunger for growth
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
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
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’
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
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
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
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
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
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
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 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
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
THE NEWS
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
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
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
FPCCI condoles helicopter crash
TMA HEAD OFFICE
DATE: May 09, 2015
DAWN NEWS
Trade deficit widens to $17.9bn
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
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
BankIslami takes over KASB Bank
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
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'
IMF dissatisfied with slow implementation of actions
DAILY EXPRESS
Unknown accounts and properties 25% tax to be levied on value
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
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
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
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
Red-tapism at I&P Directorate: hundreds of dual passport holders blacklisted
Furnace oil import seven percent regulatory duty imposed
DAILY EXPRESS
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
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
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
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’
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
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
DAILY EXPRESS
Economic issues arises due to weakness of FBR
TMA HEAD OFFICE
DATE: May 01, 2015
DAWN NEWS
‘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
No compromise to safeguard accounts holders interest
TMA HEAD OFFICE
DATE: May 31, 2015
DAWN NEWS
Currency dealers assured of dollar supply at Rs103
THE NEWS
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
Twice revised target: FBR required to collect Rs 394 billion revenue in June
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
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
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
Political leadership are united on PAK china corridor
TMA HEAD OFFICE
DATE: May 29, 2015
DAWN NEWS
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
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 $255 million
GIDC PIAF urges government to rescind its decision
US EXIM Bank seeks to expand its operations in Pakistan
Customs: 'Colour Markings' on containers under study
APTMA chief apprehends severe implications of GIDC
Karachi peace: Corps Commander praises KCCI's suggestions
Advocating judicious taxation system
Misdeclaration: sections 80, 121 of Customs Act may be amended
DAILY EXPRESS
Loadsheeing for industries has been reduced to Zero
Minimum salary Rs 20,000 MQM presented shadow budget
Tax likely to increase on with drawl of cash form bank
Value added sector demands incentives concessions from govt
TMA HEAD OFFICE
DATE: May 28, 2015
DAWN NEWS
Rs180bn tax exemptions to be withdrawn next Year
Value added Textile Associations
THE NEWS
Black day observed in Sialkot against proposed increase in taxes
Man-made virus can ‘cure’ cancer
Gas cess to double cost of doing business
Growth rate not enough to create employment: IMF
Missed targets linked with poor planning
Exporters demand ‘no payment no refund’ regime
LCCI, EXIM to facilitate traders
Businessmen advised to explore opportunities in foreign lands
B RECORDER
Gas tariff plan ready to generate additional Rs 77 billion
LCCI, EXIM USA join hands to facilitate importers, exporters
'Changes in LNG policy may help country reduce energy crisis'
STRN incorporation LTUs, RTOs approach AG Office to get access to master data
KASB-BankIslami amalgamation: SBP governor explains reasons
APTMA terms GIDC Act 2015 antibusiness Initiative
Government urged to rescind decision
FBR apprises FTO about snags: Circlebased tax collection system favoured
Swiss diplomat urges entrepreneurs to diversify businesses
DAILY EXPRESS
US$ reached at 1ts peak to Rs 104
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
Zero-rating status for key exportables proposed
Bank lockers in need of redesign
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
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
THE NEWS
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
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'
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
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
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
Govt seeks to broaden tax base
Dollar rises on soaring demand
Govt to tax remittances, cut customs tariff slabs to three in budget
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
Gas cess to weaken federation: Imran
KP govt, CNG sector reject gas cess
No new tax on existing tax-payers: FBR chief
Textile, clothing exports fall 1.21pc
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
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
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
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
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
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
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
Appeal save the Textile Industry from Collapse
Budget 2015-16: hunger for growth
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
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
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’
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
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
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
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
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
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
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 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
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
THE NEWS
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
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
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
FPCCI condoles helicopter crash
TMA HEAD OFFICE
DATE: May 09, 2015
DAWN NEWS
Trade deficit widens to $17.9bn
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
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
BankIslami takes over KASB Bank
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
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'
IMF dissatisfied with slow implementation of actions
DAILY EXPRESS
Unknown accounts and properties 25% tax to be levied on value
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
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
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
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
Red-tapism at I&P Directorate: hundreds of dual passport holders blacklisted
Furnace oil import seven percent regulatory duty imposed
DAILY EXPRESS
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
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
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
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’
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
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
DAILY EXPRESS
Economic issues arises due to weakness of FBR
TMA HEAD OFFICE
DATE: May 01, 2015
DAWN NEWS
‘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
No compromise to safeguard accounts holders interest
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