Archives May2018
DATE MAY 31 2018DAWN NEWS
THE NEWS
BUSINESS RECORDER
DATE MAY 30 2018DAWN NEWS
DATE MAY 29 2018DAWN NEWS
THE NEWS
BUSINESS RECORDER
DAILY JANG
DATE MAY 28 2018DAWN NEWS
THE NEWS
BUSINESS RECORDER
DAILY JANG
DATE MAY 26 2018DAWN NEWS
DATE MAY 25 2018DAWN NEWS
DATE MAY 24 2018DAWN NEWS
THE NEWS
DATE MAY 23 2018DAWN NEWS
THE NEWS
BUSINESS RECORDER
DATE MAY 22 2018DAWN NEWS
THE NEWS
BUSINESS RECORDER
DAILY JANG
DATE MAY 21 2018DAWN NEWS
DATE MAY 19 2018DAWN NEWS
THE NEWS
DATE MAY 18 2018DAWN NEWS
THE NEWS
BUSINESS RECORDER
DAILY JANG
DATE MAY 17 2018DAWN NEWS
DATE MAY 16 2018DAWN NEWS
DATE MAY 15 2018DAWN NEWS
BUSINESS RECORDER
DAILY JANG
DAILY EXPRESS
DATE MAY 14 2018DAWN NEWS
WORKERS SAFETY
THE NEWS
KARACHI S POWER PROBLEM
RS84 BN LOAN WRITE OFFS SC SENDS NOTICES TO 222 PEOPLEBUSINESS RECORDER
SINDH BUDGET A ROUTINE AFFAIR
Tax amnesty scheme bill will be passé today by assembly
Refund worth Rs.100 billion to be released during current year finance minister
DATE MAY 31 2018
DAWN NEWS
Ogra proposes huge increase in petroleum prices
Economic Coordination Committee extends export package as parting gift
State Bank of Pakistan to issue Rs350bn fresh notes for Eid
Commodities: Short supply mars trading on cotton market
US refuses to place religious sanctions on Pakistan: report
At 46°C, Karachi endures hottest day of year
Sindh forms commission to allow citizens access to information
THE NEWS
ECC approves Rs51 bn package to boost exports
Petrol price may go up by Rs8.73/litre, diesel by Rs12.5/litre
Ali Siddiqui takes charge as envoy to US
At 46°C, city suffers hottest day in May since 1981
ban on import of CNG cylinders, kits
SBP re-launches SMS service for fresh currency issuance
One million bank workers strike across India
Every fifth person in Sindh dying of viral hepatitis: experts
BUSINESS RECORDER
Export package given three-year extension
POL prices may go 16.9 percent up
Power situation: the real story
DAILY JANG
Frankfurt Hiemtextile T.D.A.P will provide subsidy to interested participants
Karachi temperature reached at 46 37 years old record equal dozen of citizens’ condition worsens
State Bank announces policy of issuance of new notes
Ministry of finance “AD” on 5 years economic progress in 70 years unique
Summary sent to ministry to increase petrol Rs. 8.37 paisa announcement will be made today
Officers of water board made telephone tanker service failed
New notes will be issued via S.M.S from tomorrow
Circular debt of electricity be settled Islamabad chamber
DATE MAY 30 2018
DAWN NEWS
PM Abbasi wants provinces to take over electricity, gas distribution
Government tells SC it may have to raise oil prices in June
Power generation hits all-time peak, T&D constraints weigh
Business treading water, borrowing data shows
US imposing 25pc tariffs on $50bn worth of Chinese goods
PHMA urges govt to clear tax refunds
Every fifth person in Sindh dies of viral hepatitis
Workers also demand three months’ additional salary as announced for federal govt employees
THE NEWS
Power theft by the mighty ‘financial terrorism’: Senate body
Dubai to have tallest tower
‘Over three million children suffer from eye disorders annually’
Labour leaders demand fixing minimum wage at Rs30,000
Mercury starts rising again as new heatwave grips city
Cotton cultivation hangs in balance as water crisis worsens
FBR to hire foreign tax experts for auditing
POL products output rises 12.31pc in nine months
State Bank’s facility: Provincial governments overdraft soars to Rs85bln
BUSINESS RECORDER
Provinces held responsible for power theft
Massive investment required to upgrade power system: Pepco MD
PHMA urges government to clear all ST refunds before May 31
Seed cotton prices hit six-year high
FPCCI urges government to set up cottage industry parks
Dubai cancels corporate fines in fresh effort to boost business
DAILY JANG
OGRA recommended to increase petroleum products up to Rs. 7.86
New Diplomat of Pakistan for USA Mr. Ali Jahangir took Charge
Pakistan decided to take step to exit Pakistan name from gray list
Pakistan Single country Exhibition in Chilli, got thousand dollar export orders
Production of petroleum product increased by 12.13 percent in current year.
Likely to increase petroleum products from 1st June
Work Start of extension of Karachi Expo Centre from tomorrow
Subsidy announced to participant of Heimtextile 2019
DATE MAY 29 2018
DAWN NEWS
Revival of growth will be our biggest story: PM
Business community unhappy over hike in interest rate
Indian objects to Walmart-Flipkart deal
Union leaders discuss workers’ plight in Pakistan
THE NEWS
N-govt’s five-year performance: Inflation down from 7.75pc to 3.77pc, says PM
Pak loan reliance on China increases manifold
Economic reforms: Part-XXIII
World Justice Project report: Singapore most, Pakistan least peaceful Asian states
FBR allows duty-exempted plants to be resold
‘China’s loans to Pakistan to lift debtrepayment ability’
Textile sector demands zero-rated import of hydrogen peroxide
FPCCI criticises interest rate hike
FBR asked to extend tax amnesty
Three-day heatwave likely to begin in city today
BUSINESS RECORDER
PM draws parallels, makes claims Economy much better placed today
MPS: When the good is not good enough
Is China replacing the IMF?
Industrial Support Package Rs3/unit subsidy to be extended for another 3 months
FBR clarifies
Acquisition of asset from NRPs ‘Section 101A’ inserted in IT Ord 2001
FPCCI chief voices against increase in policy rate
Finance Act 2018
Acute water shortage
Runaway budget deficit
Power Division shares data of 25 million consumers with Nadra
United Business Group “AD” Clarification To The Uncalled For Appeal’ To The Honorable Chief Justice Of Pakistan
DAILY JANG
During 5 years tenure inflation reduced Industrial & agriculture improved remittances increased Prime Minister Abbasi
Pak-China Business implementation on electronic data inter change begins benefit worth billion of rupees
F.P.C.C.I objects on enhanced interest rate
Textile processors expressed concern on shortage of Hydrogen Peroxide Propaganda against business group is baseless
DATE MAY 28 2018
DAWN NEWS
Number of non-Muslim voters in Pakistan shows rise of over 30pc
Legal lacunae’ stymies Stamp Act amendments
Fresh heatwave may hit city tomorrow
Business sentiment buoyant in a democracy
What new forex regulations mean
Govt Of Sindh “Ad” On Motor Vehicle Registration Smart Card
Sindh Revenue Board“Ad” Sind revenue Board Announces Major Relief
THE NEWS
Mid-August to see new prime minister
Policy rate
BUSINESS RECORDER
Unsustainable power sector: banks refuse to extend further loans
MPS: Recognition of the true picture
Amnesty Scheme: FBR reluctant to provide data to FTO
DAILY JANG
Pakistan rupee likely to be devalued more dollar at Rs 140 and U.A.E Dirham will go up to Rs. 38.19
Give respect to exports
DAILY EXPRESS
Gas crisis due to new connection in Karachi Hyderabad
DATE MAY 26 2018
DAWN NEWS
Private sector must go for value addition’
Interest rate hiked to 6.5pc, risks mounting
T.D.A.P “AD” HEIMTEXTILE FRANKFURT –GERMANY JANUARY 08-11-2019 LAST DATE TO APPLY: JUNE 12, 2018
THE NEWS
A friendly country and SC to help Pakistan avoid IMF
Federal cabinet approves economic zone in Gwadar
Federal cabinet gives green signal to special economic zone in Gwadar
FBR slaps up to 25pc duty on exports, 10pc on imports
India’s cotton exports could hit 4-year high on price rally
Private sector should improve products competitiveness
BUSINESS RECORDER
Currency depreciation poses risks to credit: Moody””s
Policy rate increased by 50 bps to 6.5 percent: SBP sees growing external account pressures ahead
Continuation of ongoing package: textile Ministry may submit revised summary to ECC
CPEC, FDI matters: Commercial courts to be set up: CJP
FBR admits Rs 200 billion tax refunds pending
DAILY JANG
Price of P.O.L products likely to increase
Interest rate becomes 6.5% current account deficit increased inflation likely to enhance state bank
Implementation on new finance act customs department issued 22 new S.R.O.S Zahid Khokar
State Bank raised interest rate from 6% to 6.5%
Free trade agreements being revisited in the interest of country Pervaiz Malik
Country’s economy will not improve till political stability Iftikhar Malik
Rulers converted the country into trade economy Zafar Mehmood
DATE MAY 25 2018
DAWN NEWS
Around 46m young voters set to play key role in polls
‘Men oppose CNICs for their wives, daughters’
Power companies ordered to refund Rs6.5bn for April
Reserves fall, dollar edges up
Rupee-yuan swap amount increased
THE NEWS
Pakistanis eighth highest number of non- British nationals living in UK
Nepra asks Discos to refund 62 paisa/unit to consumers
IMF holds consultation on economic challenges to Pakistan
Govt expects SBP to shun soft monetary policy stance to subdue demand
China extends 20bln yuan currency swap deal with Pakistan
Govt mulls framework to allow bilateral trading of electricity
BUSINESS RECORDER
Government takes step towards curbing imports
Gulzar Firoz made TDAP’s board member
Currency swap arrangement with China extended for three years
50 paisa surcharge being levied: power consumers to pay price for Rs 50 billion loan
DAILY JANG
Forex reserves reduced by 21 crore 94 lac dollar
89% population of Pakistan is deprived of internet facility
DAILY EXPRESS
Court orders ineffective Govt gave legal cover to regulatory duty
Debt payment forex reserves reduced by 48 crore dollar
State Bank will announce today monetary policy for 2 months
Car manufacturers stop sale of cars to non-filers
DATE MAY 24 2018
DAWN NEWS
SBP refuses forex dealers demand
Miftah sees $2bn inflow before govt term ends
Sindh’s lone environmental tribunal nonfunctional for two months
THE NEWS
APBUMA for implementation on Rs24 bn package
PHC directs SNGPL to ensure sufficient gas supply to KP industries
Karachi heatwave
Yet another heatwave to hit city in a week
‘Fiscal policies impede growth of domestic industry’
‘In Pakistan, half-baked policies fail to feed the starving economy’
Banking channel with Russia urged
Budget changes to hit real estate
BUSINESS RECORDER
Gas infrastructure amendment bill sails through NA
Pakistan’s growing indebtedness
Searching for truth: from despair to hope
Foreign currency accounts: Post-2018 scenario
Customs duties/tariff changes: Changes made on imports become applicable from May 23
DAILY JANG
Formation of banking Chanel is a must for increasing volume of Pak-Russia trade
Import of machinery reduced by 3.4%
F.B.R’s 14 additional commissioners assumed charge in important tax offices
DAILY EXPRESS
Leather garments & steel products including 7000 imported items become expensive
Electricity distribution companies failed in reducing losses of distribution and transmission
Import sector disappointed on not restoring final tax regime
Monetary policy will be announced tomorrow
Textile commissioners’ organization budget increased by Rs. 2.50 crore
DATE MAY 23 2018
DAWN NEWS
OICCI survey finds significant drop in business confidence
CNIC must for buying, selling above $500: SBP
THE NEWS
The tax net
An egg a day may keep the doctor away!
Economy in take-off position third time in history: Ahsan
Pak delegation off to Bangkok to attend FATF meeting
SHC issues notices to Nepra, KE for not complying with orders
Traders plan 20,000 tons of cotton import from Afghanistan
Monetary policy announcement on Friday
Pakistan’s overall business morale posts a sharp fall: survey
SBP to issue fresh currency notes for Eid from June 1
BUSINESS RECORDER
Cabinet approves ”Digital Pakistan Policy”
Global trade
Monetary Policy to be announced on May 25
A case of twin deficit
Export’s declining trend
DAILY JANG
Tax collection will reach in 5years to Rs. 13900 billion Haroon Akhter
F.B.R set record of collecting R. 3200 billion during 325 days
Confidence of business community in Pakistan remains 14% positive after decline of 7%
DAILY EXPRESS
F.P.C.C.I high power delegation reached Russia
Record foreign loans at 91 billion 76 crore dollars
DATE MAY 22 2018
DAWN NEWS
Moody’s reaffirms Pakistan’s rating, but vulnerabilities remain
Pakistan's textile exports jump 8pc
Sindh to collect tax on agricultural income
THE NEWS
FBR identifies 50,000 tax evaders in real estate
Abbasi’s ‘No’ to Shah’s panel for caretaker PM
Economic reforms: Part-XXII
Budget deficit shoots up to Rs1,480.9 billion
Only air left for Sindh govt to tax, says opposition leader
Textile exports increase 12.1pc to $1.148 billion in April
WHT collection from banking transactions falls to Rs9.34 billion in July-April
Joint ventures among SAARC nations urged to alleviate poverty
Trilateral trade accord to boost global textile market share
Sindh cabinet decides to impose farm tax instead of Abiana
BUSINESS RECORDER
Rs 28 billion five-year export package worked out
FPCCI identifies problems being faced by textile sector
Exports hurt by lack of value addition
Textile export grows 12.07 percent in April
Expert says foreign exchange regime undergoes fundamental change
DAILY JANG
Electric tariff likely to be reduced by 0.44 paisa per unit
Large scale industrial sector performance likely to increased by 6.7%
DAILY EXPRESS
DATE MAY 21 2018
DAWN NEWS
Centre’s help sought for registration of Chinese nationals in Sindh
Exchange rate stability in open market
THE NEWS
UAE announces major changes in visa policy
Sindh to observe Occupational Safety and Health Day on Sept 11 every year’
Fear of ‘marked’ slowdown in emerging market export growth
BUSINESS RECORDER
Daunting task before the caretakers
UAE to allow 100 percent foreign ownership of businesses by year-end
DAILY JANG
Major changes in Visa policy of U.A.E 10 year’s residency Visa will be given
Decision to implement with in next 72 hours announcement made in federal budget for revenue
Secret of success of wall mart
DAILY EXPRESS
DATE MAY 19 2018
DAWN NEWS
SC summons 222 beneficiaries of loan writeoff scheme
Govt racing to meet FATF demands before June
National Assembly passes Rs5.25 trillion budget
Big industry output expands meagre 1.8pc
Founder of Dubai-based Abraaj faces investor revolt
Current account gap widens to $14bn
Met dept issues advisory in view of hot weather
THE NEWS
Getting Rs54 bn loans written off: SC issues notices to 222 individuals,
NA passes Budget 2018: Tax Amnesty, supplementary demands cleared
‘NBP on way to positive trajectory thanks to innovative policies’
Pakistan expecting $2 billion from China
Tax relief to cause Rs5 bn negative impact on economy, says FBR
Ongoing heatwave expected to last six more days
Current account deficit widens 50pc to $14.035bln in July-April
LSM posts 5.89 percent growth in nine months
Sindh Revenue Board unveils major tax relief
Textile value-addition stressed to increase exports
Poor planning, corruption destroy export potential
IR offices to remain open on Saturdays
Trade expansion with Sri Lanka urged
Walmart online sales surge
BUSINESS RECORDER
Differences between power minister, top bureaucrat deepen
Government gets fiscal year 2019 budget passed by NA
C/A deficit widens to $14 billion mark in 10 months
PTEA for continuing DDT incentive for three years
Economic challenges for next govt
Concessional financing scheme for SMEs
Finance Bill 2018: amendments to cause Rs 4-5 billion impact on revenue collection target
Written off loans: SC issues notices to individuals, companies
DAILY JANG
Govt’s last 13 days 5 secretaries proceeded on leave
DAILY EXPRESS
Supreme Court issued notices to concerned bank heads and 222 companies C.E.O.S
Large Inudsries out put increased by 6% during July-March,
Governor Sindh stressed on value addition in textile sector
S.R.B announced sales tax relief package
Tax target collection F.B.R closed down holiday on Saturday
Lahore Chamber delegations meet businessmen of Sri Lanka
Govt should control fall of forex reserves Ibrahim Qureshi
Agreement signed between chemical manufacturers and American chemistry council
DATE MAY 18 2018
DAWN NEWS
Opposition in NA rejects govt’s tax amnesty scheme
Lack of value addition in exports highlighted
Reserves down $364m to $10.799b: SBP
WTO rules in favour of Pakistan, against EU
THE NEWS
FBR set to receive 50,000 cases of Pakistanis owning assets abroad
‘Ogra to protect rights of all stakeholders’
Power shortage
Government consumes $1bln loan in fortnight on debt repayments
‘Pakistan must begin relying on direct taxes’
FPCCI stresses entering GVCs
BUSINESS RECORDER
Foreign currency accounts: End of an era
Lack of value-addition: exports fail to find place in high market: PC
Data of Pakistanis” assets, bank accounts: FBR places software for receiving information through OECD
Global debt
Punishing non-filers!
Forex reserves down by $364 million to $10.799 billion
DAILY JANG
Forex reserves reduced by 36 crore 40 lac dollars
Price of P.O.L products in Asia likely to be reached at 80 dollars per barrel
DAILY EXPRESS
Payment of export package worth Rs.24 billion hailed
Official forex reserves reduced by dollar 36 crore while commercial reserves exceeds 14 crore dollar
F.P.C.C.I rejects load sheeding for Industries
Late tax filers becomes useless filer not to be accepted
Industrialists protest on 10 hours load sheeding
Forex reserves down by $364 million to $10.799 billion
DATE MAY 17 2018
DAWN NEWS
Government aims to relaunch ferry service
‘Talk to industry on trade policy’
Sindh's opposition, treasury benches engage in heated debate over water shortages
Court irked by FIA’s failure to produce witnesses against Gilani in trade subsidy scam case
THE NEWS
Landmark judgment: WTO ‘Supreme Court’ rules in Pak favour
Hypertension Day observed: Steps to avoid high blood pressure stressed
Data information exchange between Pakistan, China begins
Political parties yet to share economic agendas
BUSINESS RECORDER
ECC to give final approval today: govt agrees to cut power price for textile sector
Countervailing duties on PET imports: WTO body rules against EU
Exports to increase 20 percent in two months: Miftah
Foreign currency accounts: Finance Bill Amended
Export growth: Pakistan joins club of top achievers: Dagha
Textile exhibition held at UAF
Governance, civil service and institutions
DAILY JANG
WTO’S historical decision against European union and in favor of Pakistan
DAILY EXPRESS
Zakat deduction no transaction in banks today. Nisab fixed at Rs. 39198/-
Tax net expanded decision to give access to F.B.R on Nadra data base
Access of general public to financial sector enhanced. Traiq Bajwa
DATE MAY 16 2018
DAWN NEWS
Foreign investment drops in April
Parties urged to incorporate environmental
T.D.A.P “AD” ON PAKISTAN SINGLE COUNTRY EXHIBITION 12TH 14TH AUGUST, 2018 AT
THE NEWS
UK top pick for Pakistani politicians’ laundered money
Fertilisers, air travel become inexpensive
Pakistan’s external debt swells to $91.761 bn till end March
Electronic data exchange with China to go live soon
FDI increases 2.4pc to $2.237 billion in 10 months
LTU Karachi achieves Rs1 trillion collection mark
BUSINESS RECORDER
Rs24bn set aside for next export package: Miftah
$2.2bn FDI fetched in 10 months
Tax rate increase: Recommendation not made part of amendments to Finance Bill
Offshore income and assets of Pakistanis and the Finance Bill 2018
Vietnam, Pakistan to sign FTA soon: envoy
FCCI proposes incubation centre for business starters
Call to withdraw WHT on bank transactions
Discrimination in gas, power tariff: APTMA urges CJP to take notice of pending cases
DAILY JANG
U.K is the attractive center of corrupt politicians for money laundering Pakistani, Nigerian Russian included under new rules it becomes difficult for politicians to keep wealth
DAILY EXPRESS
Order not to freeze bank accounts directly for collection of sales tax
Decision to shut down electricity for industrial sector during Sheher and Iftar
2.24 Billion dollar direct foreign investment during 10 months
Employers Federation of Pakistan released economic vision 2030
Late filer will not be selected automatically for audit
Lahore chamber expressed concern on uncertainty in politics
16 lac new electric connection will be given in next fiscal year
Govt should not switch off electricity of Industries during Ramazan
DATE MAY 15 2018
DAWN NEWS
Zakat to be deducted on Rs39,198
Punjab shies away from a budget
THE NEWS
First of Ramazan likely on Thursday
‘Cotton demand to increase in 2018-19’
‘Pakistan’s economy goes from bad to worse as growth seen slowing’
Budget indecisiveness persists as assemblies prepare for dissolution
Business-friendly environment assured
KWSB told to computerise water supply system in two days
BUSINESS RECORDER
Nisab fixed at Rs 39,198
FPCCI demands to restore FTR option to commercial importers
‘Patients of hypertension increasing rapidly’
EFP launches ‘Economic Vision 2030’
Yawning gaps in the budget 2018-19
Wind-up debate: Miftah may announce cut in duty on 303 tariff lines
DAILY JANG
DAILY EXPRESSFund released only for one development project of textile division
Gas companies will give 11.21 lac new gas connection for next fiscal year
DATE MAY 14 2018
DAWN NEWS
WORKERS SAFETY
THE NEWS
KARACHI S POWER PROBLEM
PM WANTS EXPORTERS TO PUSH COUNTRY S EXPORT TO RS100 BLN
BEIJING CONFERENCE DIGITAL TRADE IS TRADE OF FUTURE GREAT HOPE FOR DEVELOPING NATIONS SAYS PAK ENVOY
RS84 BN LOAN WRITE OFFS SC SENDS NOTICES TO 222 PEOPLE
BUSINESS RECORDER
SINDH BUDGET A ROUTINE AFFAIR
EXPORTS’ AN INTERVIEW WITH DR MANZOOR AHMAD
DAILY JANG
DAILY EXPRESSTax amnesty scheme bill will be passé today by assembly
Refund worth Rs.100 billion to be released during current year finance minister
