Date: November 30, 2019
DAWN NEWS PAPER
FBR chief allays traders’ concerns over possible raids
Govt to raise Rs2.7tr through T-bills, PIBs
Ogra proposes slight cut in fuel prices
Sindh govt to grant paternity leave to fathers
THE NEWS INTERNATIONAL
‘Banks agree to withdraw litigation on furnishing information’
FBR facing Rs220.4 bn revenue shortfall in first five months
Petrol price to go down by Re0.25/litre
LPG price up by Rs18.61 per 11.8kg cylinder
India’s quarterly growth falls to worst level in 6 years
Govt raises LPG price by Rs17.87/11.8kg for December
BUSINESS RECORDER
Shortfall of 7m cotton bales feared
Info about account holders, FBR chief says banks agree to withdraw litigation
Registered units, DG&I, IR restrained from conducting raids
Tax returns can be filed up to Dec 16: FBR
APTMA wants electricity at flat 7.5 cents/kWh rate
APTPMA chief voices concern over stuck up ST refunds
GSP Plus status extension, Sarwar off to Europe
The ECC decisions
JANG NEWS PAPER
No raid will be made on registered payers for tax collection
Tax system not feasible, need to revisit, Tax Experts
Petrol price likely to be reduce by 0.25 paisa per litre
EXPRESS NEWS PAPER
Refunds: Standing committee called Chairman F.B.R
During 1st 5 months of fiscal year, tax collected less than Rs.200 billion against target
Why continuous increase in electric tariff?
Date: November 29, 2019
DAWN NEWS PAPER
Power tariff raised to meet IMF target
APTMA AD, “ECONOMIC SABOTAGE”
THE NEWS INTERNATIONAL
Banks agree on sharing account holders’ details with tax authorities
SECP issues rules for reviving firms
Forex reserves rise to $15.577bln
Textile news
BUSINESS RECORDER
Aptma terms govt’s exchange rate policies ‘realistic’
FY 2018-19, FBR missed collection target due to shortfall in six areas
Record verification unit to be set up in KATI: DIGP
PTAA seeks extension in final date of filing tax returns
SECP to facilitate revival of distressed cos, notifies CRA 2019
Razak’s help sought
JANG NEWS PAPER
Shabbar Zaidi issued instruction to upload on FBR’s website rulings of customs valuation
Saudi Arabia, U.A.E to establish refinery in India worth 70 billion dollar
Date: November 28, 2019
DAWN NEWS PAPER
US sending 15 trade delegations to Pakistan next year: Wells
More incentives soon to boost remittances
High interest rates hurting economy: FPCCI
Tax on mobile phone
THE NEWS INTERNATIONAL
‘TDAP working on export strategy’
Decline in private sector credit to affect economic growth: FPCCI
Tax-exempt riches are not a right: economist
BUSINESS RECORDER
Sales tax refunds, Supplementary grant approved by ECC
FED target, Achieving 61.2pc growth to be a herculean task: FBR
Export policy to be submitted to govt within two weeks: TDAP chief
FPCCI voices concern over declining private sector credit
Alvi terms Pakistan, African region ‘emerging economies’
Exchange rate – cautiously optimistic
PTEA Ad, Textile Industry is Facing Extreme Cash Flow Crunch
JANG NEWS PAPER
Economic coordination committee, 18 laws related to economy and 25 steps made easy approved
Why Industrial downfall?
EXPRESS NEWS PAPER
Raised hue and cry on closing down means to convert black money into white. Shabbar Zaidi
Date: November 27, 2019
DAWN NEWS PAPER
$787m loan agreements signed with World Bank
Govt increases private sector credit to SMEs
Power firms allowed to recover additional Rs15bn
APTMA ad under the head “”Urgent Attention Required”
THE NEWS INTERNATIONAL
Rates topping 13 percent spur unprecedented flows into T-bills
FBR dead set on netting undocumented SMEs: Zaidi
Full enforcement of FBR Act proposed over new agency
Reducing carbon footprint, a challenge for small exporters
Returns filing date extension urged
UK general elections: A record number of UK Pakistanis could reach British Parliament
Biogas and bio-CNG
BUSINESS RECORDER
New refund payment system, PM asks FBR to remove bottlenecks
Govt to declare erstwhile zero-rated sectors as export-oriented sectors
APTMA seeks Razak’s help in resolution of issues
Transaction limits of remittances revised upward
FBR chief explains what discourages SMEs to come into tax net
FBR lists factors behind revenue shortfall during 2018-19
New SMEs policy in the offing, says Hammad
Govt gets $784.97m loan from foreign banks
PTBA for extending return filing date till Dec 31
Pre-requisite for enhancing textile exports: long-term policy
Diabetes termed a serious threat to global health
APTMA ad under the head “”Urgent Attention Required”
JANG NEWS PAPER
NEPRA made electricity further expensive by 0.14 paisa per unit, additional burden of Rs.14 billion 78 crore annually on consumers
EXPRESS NEWS PAPER
Approval to pay refund in cash to taxpayers holding bonds
Electricity further expensive by 0.14 paisa per unit
Action against not paying water board bills announced
Date: November 26, 2019
DAWN NEWS PAPER
SC asks govt to explain why legislature not informed about GIDC cases
‘Investment opportunities exist for US companies in Pakistan’
Foreign inflows in T-bills cross $1bn
THE NEWS INTERNATIONAL
Liquidity crisis continues to haunt textile industry
Textile firms mull moving abroad to escape high cost
Investment in Pak bonds from outside touches $1 bn in four months
FBR tax revenue can go up to Rs12,788 bn in nine years
Lurking dangers
BUSINESS RECORDER
Draft authority law seeks repeal of FBR law
Hafeez describes job creation as major challenge
Deadline for filing ST, FED returns extended to 29th
Is Pakistan in a manufacturing recession?
SC seeks details of collection, utilization of GIDC
Second phase of CPFTA, Country has secured enhanced, deeper concessions
New Tariff Policy – a formidable challenge
The downside of Pakistan’s economy
Revenue shortfall and FBR
JANG NEWS PAPER
Textile export, In spite of Govt’s claim likely to decline
Pakistan tax revenue can be increased by 82 billion dollar during 9 years. World Bank
Date of filing of sales tax and F.E.D return extended
Govts administrative and economic performance
EXPRESS NEWS PAPER
Foreign investors invested 1 billion dollar. Advisor Finance
Investment increasing GDP will be more than target. Hafeez Shaikh
Continuous delay in sales tax refund exporters in distress
Economic stability and general public
Date: November 25, 2019
DAWN NEWS PAPER
Informal economy to be regulated for meeting FATF concern
Incentivising money parked abroad to take Pakistani domicile
Lies, damned lies and SEZs
THE NEWS INTERNATIONAL
No time-frame to cut inflation: Razak Dawood
Why debt-financed tax reforms?
Asia’s richest man breaks into club of six oil elites
BUSINESS RECORDER
PM identifies major economic challenges
Commerce Div decides to participate in Abu Dhabi Expo
Razak for increasing exports, decreasing imports
Ready-made garments’ export rises by 12pc in current FY’s four months
Diets with more fiber, yogurt tied to lower risk of lung cancer
Good or bad news on state of economy
A prudent approach
JANG NEWS PAPER
No time frame can be given to reduce inflation. Advisor Commerce
Trade deficit reduced by 33% during July – October
Trade amongst Islamic states
EXPRESS NEWS PAPER
New Industrial Policy… Is it really necessary?
Date: November 24, 2019
DAWN NEWS PAPER
FBR to go after 17,000 big retailers in latest documentation drive
Promotion of senior bureaucrats approvedTHE NEWS INTERNATIONAL
Current account deficit has gone: PM Imran Khan
‘FBR to launch automated ‘Point of Sale’ for large retailers next month’
Govt urged to ensure GSP plus compliance as exports to Europe flat at $2.8bln in 4 months
Pakistan wins Rs1bln damage claim against Chinese firmBUSINESS RECORDER
Govt plans to enhance exports: Razak
Only taxpayers deserve to be respected as VVIP: Dr Khalid
Customs value of garments of low end brands revised
FPCCI chief highlights importance of GSP Plus
Steps being taken to control inflation: Hafeez
Expert concerned at high interest rateState Bank report: policy rate remain stagnant
EXPRESS NEWS PAPER
Meeting of selection board 23 officers promoted in grade 22, Prime Minister gave approval
Current account deficit reduced, proud of economic team, Prime Minister
Agreement with traders, Govt decided to bring ordnance for implementation on conditions
Chinese companies plan to shift their industries to Pakistan
Different chambers announced support to U.B.G. candidates
Economy stable but what about people….?
Date: November 23, 2019
DAWN NEWS PAPER
CPEC to push Pakistan deeper into debt burden, cautions US
Trade ties to set record this year: US
Discount rate left unchanged at 13.25pc
THE NEWS INTERNATIONAL
‘Recent developments to hurt future inflation outlook’
Federal govt launches programme for business community
LSM sharply contracts 5.9pc in July-September
Qatar to open two more visa centres: envoy
Real estate transactions under FBR’s scrutiny
State Bank holds interest rate at 13.25pc to tame food inflation
BUSINESS RECORDER
SBP holds policy rate at 13.25pc
US claims ‘CPEC is not about aid’
Qatar to open visa centres at Lahore and Peshawar: CG
Exporters endorse PM’s policy for enhancing exports: SCCI chief
UBG leaders claim to sweep FPCCI polls again
Industrialisation a top priority
JANG NEWS PAPER
Govt introduced 1st trade facilitation programme
New Officials assumed charge at various tax centres
Decision to post minister customs at embassy of Brussels
EXPRESS NEWS PAPER
Economy is getting stable will overcome inflation. Hafeez Sheikh
Payment worth Rs 31 billion bonds against refund to taxpayers failed
Policy rate remains at 13.25% inflation at its peak in few months it will be reduced. State Bank
Date: November 22, 2019
DAWN NEWS PAPER
Pakistan needs to create more jobs: WB
Govt asked to ensure compliance with conventions before next GSP+ report
THE NEWS INTERNATIONAL
FBR to start implementation of reforms package from July 1, 2020
EOBI to register employees through online system directly
How invoicing irregularities are deindustrialising the country
Foreign credit disbursements go up to $2.5 billion
State Bank’s forex reserves rise
India has lowest mobile data cost
BUSINESS RECORDER
Power tariffs increased by Rs1.83/unit
Unemployment rate low while quality of employment not high: WB
Raw material/input, FBR allows repayment of customs duty drawback
NKATI seeks incentives to boost exports
National Tariff Policy
JANG NEWS PAPER
FBR set dead line for reform package
Fuel adjustment electricity expensive by Rs 1.83 per unit
Cheapest mobile data, India at the top, Pakistan stands at 33 number
Rupee Stable
EXPRESS NEWS PAPER
World Bank decides to restore budget assistance to Pakistan after 4 years
Fuel price adjustment electricity expensive by Rs 1.83 per unit
Date: November 21, 2019
DAWN NEWS PAPER
Govt’s long-term policies to boost tax culture, economy: Imran
Rs118bn recovered from electricity consumers through tariff hike: minister
Nepra reserves verdict on tariff hike
Pakistan failing to improve labour rights despite GSP+
Govt raises Rs239bn through T-bills
SNGPL Ad; Third Slab, Three Times the Gas Bill
THE NEWS INTERNATIONAL
FBR decides to replace GST with VAT
Private sector credit negative Rs4.1 bn in six months
Treasury bill yields move up ahead of monetary policy meeting
Government eyes 8,000MW of renewable energy
Trade missions relocation lauded
BUSINESS RECORDER
Industrialisation now govt’s top priority: PM
Traders told, Govt committed to implementing agreement
ST, FED returns filing deadline extended to 25th
Quarterly adjustment of FY-2019-20, 17 paisa/unit increase in tariff of Discos likely
VAT regime, FBR to garner stakeholders’ support
Pavilion being set up Dubai Expo to showcase Pak products: governor
Situation warrants no complacency
JANG NEWS PAPER
FBR decided to replace GST with Value Added Tax
Date extended up to 25th November to File Sales Tax and Federal Excise Return
Private sector obtained credit of Rs 4.1 billion in comparison to Rs 223 billion of current year
Our economic conditions is weak it will gradually improve. Abdul Razzak
Pakistani Pavilion is being prepared for Dubai Expo. Imran Ismail
Obtaining driving license has been made easy. D.S.P
EXPRESS NEWS PAPER
Zero tax on export is policy of the Govt. Hafeez Shaikh
Date: November 20, 2019
DAWN NEWS PAPER
New policy to strip FBR of tariff setting powers
Textile exports show meagre growth, oil imports fall in July-October
Asad Umar takes oath as planning minister
THE NEWS INTERNATIONAL
Exports increased by 9.6pc in October: Hafeez Shaikh
Pakistan’s maiden tariff policy approved for export growth
Merchandise imports slump 19pc in July-October
Winds are changing direction: NAB chief
Tax return filing deadline not to be extended beyond 30th
Time to pull economy out of suffocation: Hafeez Pasha
BUSINESS RECORDER
First 4 months of FY20, Trade deficit narrows 33.52pc to $7.77bn
First-ever NTP approved by cabinet
Circular debt reduction plan submitted to ECC
Oct FDI: don’t be fooled by Chinese exception
Tax matters in custom courts, Panel directs FBR to come up with viable suggestions
SBP governor urged to cut down discount rate
Trade among Muslim states, ICCIA agrees to remove tariff, non-tariff barriers
Stable Pakistan must for uninterrupted investment flow: Chinese envoy
C/A surplus
JANG NEWS PAPER
Time has come to pullout economy from suffocation. Hafeez Pasha
NEPRA will give approval today to increase electric tariff by 0.17 paisa per unit
EXPRESS NEWS PAPER
Direction of winds are changing, Impression of one way accountability will be removed. Chairman NAB
Target of new tariff policy will be export and industrial development
Pakistan got 99 crore out of 6 billion dollar. IMF
Economic good governance is unavoidable
Date: November 19, 2019
DAWN NEWS PAPER
Asad returns to cabinet as planning minister
Current account rises into surplus
Interest rates to come down as inflation eases: SBP governor
Foreign investment jumps 238pc
Cotton output falls by 1.8m bales
Listless trading on cotton market
THE NEWS INTERNATIONAL
IMF rejects FBR’s plea to slash revenue collection target
Govt trying to generate non-tax revenue over and above target: Shaikh
Inflation touches highest point in five years
FBR to take strict action against smuggled vehicles
Current account balance posts $99 million surplus in October
FBR’s tax office posts 31pc revenue growth in four months
State Bank governor says economy showing signs of improvement
Monetary policy on Nov 22
BUSINESS RECORDER
C/A turns positive with $99m surplus
Q1 fiscal deficit declines to 0.7pc from 1.4pc
SPI inflation for combined income groups up 1.09pc WoW
IMF rejects request for downward revision of Rs5.5trn FBR target
Commerce Div, FBR may lock horns over NTP draft
HBL first Pakistani bank to do RMB trade in China
MPS on Friday, Policy rate likely to stay unchanged
Economic reforms showing favourable results: SBP governor
Pakistan re-negotiating Tapi gas price with TPCL
KCCI to take up issues with FBR and other authorities, PCDMA told
Cotton falls 2pc on bumper crop forecast
Lower GDP growth rate in 2018-19
TDAP Ad, Arab Health, Dubai – UAE, January 27-30, 2020. Last Date of Application: December 05, 2019
JANG NEWS PAPER
IMF not accepted our demand to reduce the t0 Tax Revenue target
Decided to start collection of vehicle tax from 1st December, 2019
Monitory Policy will announce on 22 November
EXPRESS NEWS PAPER
Economic development will less as compare to last year. State Bank of Pakistan
Date: November 18, 2019
DAWN NEWS PAPER
‘Islamic banking’
THE NEWS INTERNATIONAL
Execution of CPEC projects: China asks Pakistan to keep stability in taxes, power tariff
Falling salaries
BUSINESS RECORDER
Companies Act, 2017, ‘Company benches’ restrained from exercising powers
FBR restructuring, 7-member Steering Committee constituted
APCAA urges Customs to revise criteria of examination
IMF loan a bitter pill: the bitter truth
The economic team’s defence
JANG NEWS PAPER
Pakistan should stabilize tariff of taxes and electricity. China
Big tax defaulters surrounded list of 20 tax defaulters ready
P.I.A will introduce direct flight for U.S.A from April
88700 people in U.A.E are Crorians
Oxygen being sold in India’s polluted city Delhi
EXPRESS NEWS PAPER
Saudi Arabia new rules of Zakat will not be applicable on foreign investors
New Delhi: Get pure oxygen in Rs 300/- up to 15 minutes
Date: November 17, 2019
DAWN NEWS PAPER
EU offers technical assistance on FATF action plan
Worst is over, Hafeez tells business leaders in Karachi
THE NEWS INTERNATIONAL
Weaving profits impossible without upgrading technologies
Continuing with ex-govt’s policies helped improve business reforms
Gwadar Free Zone: China assured 23 years sales tax, other exemptions
CPEC and Pakistan’s debt burdenBUSINESS RECORDER
Obvious signs of turnaround emerge: Hafeez
PM urged to help resolve issue of stuck-up ST refunds
Imports system, ‘Business-friendly’ changes made to curb under-invoicing: ShabbarJANG NEWS PAPER
Gwadar Free Zone: 23 years sales tax exemption to Chinese industrialists
Meeting of Restructuring Steering Committee of FBR will be held likely next week
Foreign loan and liabilities increase by Rs 93 billion during July to September
EXPRESS NEWS PAPER
Petroleum prices not increased since 4 months. Hafeez Shaikh
Pakistan is keen to do business across the world. Razzak DawoodDate: November 16, 2019
DAWN NEWS PAPER
Increasing non-tax revenue top priority: PM
Consumer spending dips in India after four decades
THE NEWS INTERNATIONAL
PM Imran Khan thanks economic team for stabilising economy
Economic progress due to security forces’ work: General Qamar Bajwa
Tax revenue growth in FY19 turns negative first time in half century
PM’s adviser raises alarm over Sindh’s sinking per capita income
Pak, Turkey relations to transform into growing trade
Govt asked to stop duty free import of cotton
BUSINESS RECORDER
Tax evaders, FBR may initiate criminal proceedings
FDI reaches $650m in 4 months of FY20
KATI chief optimistic about Pak-China FTA-II
NKATI urges SSGC to address possible gas pressure reduction plan
DG Rangers vows to prepare security plan for SITE area
Revised import requirements, PBC, OICCI ask FBR to ensure strict enforcement
Income tax returns filing, FBR facilitates taxpayers by tutorial videos
JANG NEWS PAPER
Economy stable, rupee strong, thanks to economic team. Prime Minister
Shandana Gulzar removed from the post of Parliamentary Secretary Commerce
EXPRESS NEWS PAPER
60 crore dollar increased in Pakistan’s foreign debt and liabilities
Current fiscal year, total investment increased by 1.1 billion dollar
Anti-street crime unit established in Korangi Industrial Area
How to deposit tax return? videos released for consumers
Date: November 15, 2019
DAWN NEWS PAPER
Textile industry faces liquidity crunch
Govt goes for another power tariff hike to secure IMF tranche
Trade deficit shrinks 34pc to $7.77bn
Treasury bills attract record foreign investment of $713m
THE NEWS INTERNATIONAL
Execution of FBR reforms put on hold: Shabbar Zaidi
Zero-rated facility demanded as pending refunds pile up to Rs87bln
PM adviser stresses China-plus CPEC for ‘desirable’ benefits
Providing jobs not govt’s mandate: Hafeez Shaikh
Forex reserves fall to $15.502bln
Doing business reforms unit set up
Salaries across Pakistan expected to decrease in 2020. report
Govt buildings in Karachi, Hyderabad to be powered by solar energy
BUSINESS RECORDER
Hafeez highlights importance of private sector
Variation in Power Purchase Price, Govt seeks 17 paisa/unit increase in tariff of Discos
Billions of rupees refunds stuck, APTMA urges govt to restore zero-rated regime
‘Pakistan must explore $10.8bn textile market of Texas’
‘Sindh Water Tax notice not maintainable’
ECO countries, Sindh governor for developing trade, investment ties
DBRIU sets up office in Sindh investment dept
Oiling the tax machinery
JANG NEWS PAPER
In Pakistan during 2001, 4.4 crore was poor while in 2015 only 76 lacs people are poor
Billions of dollars not remitted through legal channel from Pakistan. Rehmatullah Wazir
Saudi Arabia allowed running vehicles on visit visa
EXPRESS NEWS PAPER
Trade deficit reduced by 33.52% and stand at 7.77 billion dollar
APTMA demands restoration of zero rating facility for exporters
Industrial sector hailed imposition of Pak – China free trade agreement
No Govt can provide millions jobs. Advisor Finance
Date: November 14, 2019
DAWN NEWS PAPER
Tax regime to be reformed with stakeholders’ consent: PM
NA panel passes bill to get details of Pakistanis’ foreign assets
LTU Karachi frames Rs100bn cases against tax evaders
Govt raises Rs120bn through PIBs
THE NEWS INTERNATIONAL
Pakistan ‘investment destination’ for foreigners: Abdul Razak Dawood
Rs100 billion tax evasions unearthed in four months
State Bank’s advance payment hailed
‘Pakistan has lower participation in regional, globle value chains’
PBC urges central bank to cut interest rate
‘Target of increasing SME loans to 17 percent quite achievable’
BUSINESS RECORDER
Creation of proposed PRA, other reforms, Tax machinery to be taken on board, says PM
Pakistan’s non-performing loan ratio worsens to 8.4pc: ADB
PBC gives guarded response to SBP’s measures
Raw cotton exports increases 53.65pc in Q1
Renewal of GSP-Plus status, France, Germany announce to support Pakistan
Raw materials import, LCCI hails SBP for allowing $10,000 advance payment
State Bank’s gesture, Importers can make advance payments up to $10,000: PCDMA
BMP opposes another 31pc hike in gas prices
Doing business report and beyond — III
JANG NEWS PAPER
State Bank Abolishes ban on transfer of advance payment of dollar
U.A.E announced permanent residency to 2500 foreigners
EXPRESS NEWS PAPER
Fiscal Year 2019-2020, Rs 1000 billion fraud detected during 4 months
SECP measures: registration of new companies increased
Refund released to 17 exporting companies on the instruction of Prime Minister
Expecting economic relief and ground reality
Date: November 13, 2019
DAWN NEWS PAPER
Govt plans to induct experts into ministries, likely to ruffle feathers
Audit seeks action against Customs officials for fraudulent act
SBP allows $10,000 advance payment for raw material imports
Listing rules for SMEs, startups approved
New FTA with China to help enhance exports
THE NEWS INTERNATIONAL
FBR expects legal change to get banking data from next year
State Bank unveils new measures to boost exports
Pakistan’s 313 products expected tax-free access in China
Beating the system to get IMF’s blessings?
MKRMS seminar: Balanced diet, exercise advised to ward off diabetes
Taxation in trouble
BUSINESS RECORDER
SBP takes steps to boost exports, manufacturing
FBR set to miss 34pc growth in Q2 revenue target
Bedwear exporters voice concern over rejection of ST claims
Second phase of FTA with China to be operational from Dec 1: Razak
Cases for audit, FBR urged to consult relevant law
A vote of confidence from IMF?
JANG NEWS PAPER
Note of Rs 5000/- not being closed. State Bank of Pakistan
Free Trade Agreement with China will be effective from December
EXPRESS NEWS PAPER
Increase in forex reserves is not due to return back money by someone. State Bank
State Bank contradicts report of cancelation of Rs 5000/- Note
Date: November 12, 2019
DAWN NEWS PAPER
Imran orders formation of special cell for price control
PM aide on finance chastised over price hike ignorance
With stability returning, Hafeez speaks of massive stimulus for exports, construction
Japanese envoy stresses expansion of bilateral trade
A thumping voteTHE NEWS INTERNATIONAL
Sold for Rs4.82 bn, it’s world’s costliest watch
IMF tranche
BUSINESS RECORDER
Non-payment of refunds block huge working capital: TMAP
Income Tax, Businessmen express concern over PM's statement
Pakistan Citizen Portal, PM takes strong exception to lukewarm response in addressing complaints
Inflation as consequence of flawed policiesSaudi Arabia 1st time allowed permanent residence to 73 foreigners
75 MIS Officers of FBR replaced across the country
Cotton can be exported to Pakistan if trade resumes. India Exporters
Do not make gas further expensive
Exports growth one successful modelEnhancement in exports, foreign exchange and revenue, Advisor Finance
Figures of tax collection should be circulated. Siraj Kasim Teli , Agha ShahabAnnouncement
The offices of All Newspapers were closed on Sunday (Nov 10) on account of Eid Miladun Nabi. Hence, there is no newspaper on Today (Nov 11).Govt plans tax documentation drive
Currency dealers sell $2.4bn to banks
Govt debt rises by Rs1.4tr in 1QTHE NEWS INTERNATIONAL
SNGPL, SSGCL ask for 31pc increase in gas prices
State Bank foreign currency reserves shore up by $443m
BUSINESS RECORDER
FCCI proposes new textile policy for 2019-24
SNGPL, SSGCL seek increase in gas prices
Cotton market, Prices fluctuate slightly on subdued business
Raid, search by taxmen, SC turns down PHC judgement
‘Hectick efforts needed to exit from FATF’s grey list’
PTI govt, too, insensitive to water issue?
JANG NEWS PAPER
EXPRESS NEWS PAPER
Decided to increase Gas bills, Rs.93 will collect from consumers
Demanded the Industry of Karachi exempt from gas load sheddingThree committees constituted for restructuring FBR
All targets met, says IMF as circular debt comes into focus
PM approves Rs6bn relief package for consumers
Notice of Public Hearing Sui Southern Gas Company Limited (SSGCL)
All targets met, IMF okays issuance of fresh tranche
Pak-China FTA to become effective from Dec
Rs11.97 per unit power flat rate for winter announced
IMF, WB, ADB laud circular debt capping plan
FBR may restrict traders to record high-value transactions
Pakistan’s exports keep declining in absence of long-term vision
KCCI team urged to visit Sri Lanka
Sindh govt to help industries, commercial centres beef up fire safety systems
BUSINESS RECORDER
Refund processing via FASTER, FBR issues guidelines for filing Annex-H
Sales tax evasion, FBR wing conducts raids on unregistered businesses in F’abad
Fiscal prudence needs to be maintained: IMF
‘Additional consumption’ Rs 11.97/unit flat rate announced
IFIs satisfied with circular debt capping plan
Appointments to govt posts, Dawood says ‘NAB factor’ scares away ‘good people’
Ministry of Finance strongly reacts to BR editorial
Minister for proper fire safety measures in industrial, commercial areas
Trade volume, Pak-Sri Lankan businessmen urged to make collective efforts
UBG confident of winning upcoming FPCCI polls
Opposition to FBR’s reform plan
Notice of Public Hearing, Sui Northern Gas Pipelines Limited (SNGPL)
JANG NEWS PAPER
IMF old targets completed, new guidelines issued, next installment approved
Pak – China free trade agreement will be effective before time. Advisor Commerce
Readymade garments exports increased by 41.77% during 1st 6th months of current fiscal year
388 billion dollars reduced in the wealth of Billionaires of the world
People get longer lifespan who reaches everywhere late
By running age go longer and chances of severe diseases reduced
EXPRESS NEWS PAPER
IMF not agreed to revisit revenue targets on 2nd installment agreed
Reservations of employees of FBR on restructuring will be removed
Pakistan can get duty free excess by sending its product from Sri Lanka
Industries will be provided electric tariff on cheaper rates for 24 hours. Omer AyubCountry may remain on FATF list beyond February: minister
No relaxation, no waivers as IMF concludes review
SBP reserves rise to highest level since April
People urged to refuse plastic bags
Government of Sindh “NOTICE”THE NEWS INTERNATIONAL
Money sent, property purchased abroad not illegal: FBR
LTU Karachi’s revenue up 16pc despite economic slowdown
‘Proposed PRA setup ill-conceived reform plan’
Karachi power demand grows 5.2 percent per year
Juggling statistics for a make believe economic front
Tax revision
BUSINESS RECORDER
Actionable bank account information, UAE not giving access: FBR chief
Aftermath of IMF programme: some recommendations
October inflation: Rate cut can wait
There’s no decision of CCI regarding GIDC levy, SC notes
Move to turn FBR into PRA, IRS officers express Reservations
Forex reserves move up by $443m
Doing business report and beyond — II
Parliament and the IMFU.A.E ready to abolish restriction on Whatsapp calls
EXPRESS NEWS PAPER
Money gone outside Pakistan is not illegal gone through legal channel. Chairman FBR
Rs 61.4 billion tax exemption given to 191 billionaires Pakistanis
Gas infrastructure tax case, larger bench will be formed if needed. Supreme CourtInflation clocks in at 11pc in October
FATF seeks to criminalise financing ‘terror travels’
Traders, growers slammed govt in presence of army chief, says PM’s aide
Lawmakers ask IMF to ease pace of adjustments; oppose centralisation of tax on services
‘Islamic banking can help address poverty’
Govt raises Rs823bn through T-bills
World Bank eyes increase in tax ratio to 17pc by FY24
FBR raids three unregistered units
Karachi industry urges uninterrupted gas supply
Cut in NSS ratesTHE NEWS INTERNATIONAL
PM Imran decides to clip NAB powers to save bureaucracy from harassment
Nationwide tax drive given go-ahead
Karachi property tax can raise billions of rupees, says Dr Ishrat Husain
Consumer inflation clocks in at 11.04 pc in Oct
Sales tax on imports up 18.5pc to Rs267.45bln in July-October
SBP report
BUSINESS RECORDER
Oct CPI inflation up 11.04pc YoY
Documentation drive, FBR field staff raises certain issues
Power tariff adjustment: no respite
Dr Ishrat highlights problems hindering economic growth
New units of measurements, Customs revise valuation rulings for 970 imported items
Karachi industries, PM urged to direct SSGC to ensure smooth supply of gas
An extra 15 minute daily walk could boost global economy: study
Government for the people, Holy Grail or a right denied?
Dismal saving and investment rates
Azhar’s flawed narrative continuesNew FBR Officers assume charge in Karachi, Lahore, Islamabad, Peshawar
Nonpayment of refund and severe financial crisis, APTMA warns not to pay sales tax of current monthInflation is increasing IMF should relax economic target, Pakistan demands
Large scale reforms will be made in F.B.R. Ministry of Finance
Revision of measurement unavoidable, Member Customs FBRFBR officers revolt against reform plan
Nepra okays Rs1.83 per unit increase in electricity tariff
National Savings profit rates slashed
Pakistan among worst countries for internet freedom: reportTHE NEWS INTERNATIONAL
Inflation increased in country: minister
Debt inquiry commission finds all loan money going to Account No 1
FBR reforms after stakeholders’ feedback: Shabbar Zaidi
Profit rates on national savings schemes slashed
Power Division withdraws summary on gas deal for RLNG power plants
Rs1.826 per unit extra to be charged from power consumers in Nov bills
FBR mulls digital survey to assess real estate wealth
Rs100bln added to stuck-up sales tax refunds in 4 months
Thailand awaits Pakistan’s progress on FTA: Thai envoy
Workers risk being casualties amid economic slowdown
LCCI sets up facilitation centreBUSINESS RECORDER
Country’s economy, Govt paints a happy picture
Value-added textile sector demands restoration of zero-rated regime
Rs80bn refunds stuck, claim APTMA, KCA
Cotton output may fall by 6m bales
Doing business in Pakistan, Taxation causes general discontent
'Weaving City' planned for Faisalabad
FBR restructuring after taking stakeholders’ nod: Shabbar
GIDC, levy, collection & recovery rules, 2019 await cabinet's nod
Nepra approves Rs1.82/unit hike in power tariff
Condition of CNIC, SAI for progressive raise in ST's rate
JANG NEWS PAPER
Use of loan no evidence of fraud and corruption. Enquiry Commission
Restructuring will be done after consultation with all stake holders. Chairman FBR
Fuel adjustment charges fixed at Rs 2.37, burden of Rs 33 billion on consumers
Naveed Akhtar appointed new Commissioner of Regional Tax Office Zone-05 of Lahore
FBR objections waste of time. Federal Tax Ombudsman
‘Tax officials raising unnecessary objections’
Razak to attend informal WTO meeting in Shanghai
Pakistani startups rake in millions of dollars
Pre-arrest bail pleas of Arshad Vohra, nine others in CETP case rejectedTHE NEWS INTERNATIONAL
Pakistan, IMF agree on cutting FBR’s tax collection target by Rs233 bn
Corporate leadership a missing link in economy on political expediency
Local industry approach proposed for SEZs framework
BUSINESS RECORDER
FY20 Rs5.5trn target: revenue shortfall to grow to Rs600bn
‘NAB fear’ discourages good professionals from joining SOEs?
Restructuring of FBR, idea of creating PRA discussed
PBC makes recommendations for SEZs framework
SBP assessmentPakistan and IMF agreed to reduced annual tax target by Rs 233 billion
State Bank in deficit!F.B.R Officers opposed formation of Pakistan Revenue Authority
Trade deficit reduced by 33% stand at 6.75 billion dollar
Date: November 04, 2019
DAWN NEWS PAPER
Textile for restoring zero-rating facility as sales tax refund claims unpaid
Number plateImpediments in development
BUSINESS RECORDER
Textile export sector, ‘Rs189bn refund claims erode financial viability’
External debt sustainability, Indicators show Deterioration’
FBR reforms to create liquidity issues1st Fiscal year of the Govt, State Bank also gone in deficit
Role of NAB in restoring Business Community confidence
Temporary cease fire of Traders and FBRModern technology and investment is indispensible
Foreign and local investment continuously falling downwardTHE NEWS INTERNATIONAL
Pak exports up by 6pc, imports down by 17pc in October 2019
Pakistan-India trade volume falls 51pc in Q1
SECP unveils rules to revive sick units
FBR pursues bank accountholders holding government securities
Tax ranking
BUSINESS RECORDER
Oct exports post 6pc growth YoY
New commercial connections, Discos endorse FBR decision to disallow unregistered applicants
No bar on beneficiaries to sell forex at bank of choice: SBP
Volumetric increase in exports: Pahsa contests SBP’s claim
Rules notified for rehabilitation of sick companies
BD Leather Tech Fair: ‘Participation to promote Pak-BD bilateral trade’
Core inflation outpaces CPIDetaining of containers without consent of owner is illegal. Court
Trade deficit between July to October reduced to 7 billion 78 crore dollar. Advisor Commerce
EXPRESS NEWS PAPER
Proposal of value-added Textile Exporters
Govt should increase financial support to SME’s. Daroo Khan
IMF for uniform tax rates, single administration
SITE body expresses concern over gas shortage
Govt urged to increase SME financing
July-August 2019, FBR urged to release pending refund claimsUtility gas connection should not be given to non-filers. Chairman FBR
To control money laundering declaration counter formed at Airports
Karachi wins in tax collection F.B.R
Govt should increase financial support to small and medium enterprises. Daroo Khan
World Bank President’s encouraging notes
Prices of three petroleum products raised
SC to hold regular hearing in cases relating to Gas Development Infrastructure Cess
Pakistan’s own pollution causes smog, say experts
WB president urges focus on reforms for jobs, growth
Revenue shortfall rises to Rs162bn in July-Oct
Mansha proposes bond swap for circular debt
Cotton touches season’s new peak of Rs9,750 on brisk buying
Caving in to tradersTHE NEWS INTERNATIONAL
WB to help Pakistan in bringing more reforms
Federal secys ask VIP to rescue civil service from NAB
FBR facing Rs163.6 bn revenue shortfall in four months
Accord with traders: Govt to forego revenue potential of Rs70-100 bn
Fashion expo to be held in Nov
SAI urges to increase gas supply
Sepa complains of police not supporting action against polluting industrial units
Traders’ strikeEconomic indicators, WB chief notices progress
Improved ranking, It’s just a beginning, says PM
Last date for filing IT returns extended
Last date for submission, Sales Tax, FED returns extended
Army decides to start generating electricity
Karachi and Lahore are poles apart
Prices of petrol, diesel increased
Interest rates reversal: now or later?
OGRA increases price of indigenous LPG for Nov
Doing business report and beyond — I
Traders strike a dealPetrol Rs 1/- Diesel 0.27 paisa per litre made expensive, notification issued, LPG price also raised
F.B.R released figures of tax filers of various cities
Agreement with traders, Govt revenue will decrease by Rs 70 to 100 billion
Positive indicator of economic wheel!
Price of electricity during winterPakistan made request to IMF reduced tax target by Rs 3 trillion
Hidden wealth in real estate will be surveyed than tax assessment will be approved
Money laundering of millions of dollar through under invoicing detected
Sindh Labour Conference will be held in February preparation begins. Saeed Ghani
Friendly agreement with Traders and Govt