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Date: December 31, 2020

DAWN NEWSPAPER

Industry warns looming gas shortages could hamper exports

Banks crowd into 3-month tenors in T-bill auction

THE NEWS INTERNATIONAL

Customs agents decry slow cargo handling

Nepra approves electricity price hike by Rs1.6 per unit

Petrol price likely to rise from Jan 2021

The tariff of graft

Rupee likely to hover around Rs161-166 against dollar in 2021

Rupee strengthens

Gold rates rise Rs100/tola

Bank holiday

65pc Pakistanis happy despite all difficulties: survey

Covid-19 set to cut spending for Islamic economy sectors

BUSINESS RECORDER

New entrants/manufacturers, FBR announces new criteria for registration in export-oriented sectors

Uninterrupted gas supply, BMG, KCCI chiefs urge PM to fulfill promise

Seat of President, Tawab, Mangon tie in FPCCI elections

Taxpayer’s profile, FBR extends deadline till to March 31

Price of POL products may be increased

Rs1.06 per unit increase in tariffs of Discos calculated

KCA raises cotton spot rate by Rs50 to Rs10000

THE RUPEE: Strength vs USD rises

Bank holiday

THE EXPRESS TRIBUNE

Industrialists decry shortage of gas

NEPRA reserves tariff hike decision

EXPRESS NEWSPAPER

Approved to rise Electric rate by Rs.1.06

Proposed to rise price of Petrol per liter by 2.96 & Diesel by 3.12

Value of Dollar reduced by 25 paisas & Gold price rise by Rs.100 per tola

Submission of Tax Profile dated extended up to 31st March

Report prepared for FBR Automation System
 

Date: December 30, 2020

DAWN NEWSPAPER

Sindh gave distorted data of gas supply, production: Babar

Wind power accounts for more than half of UK’s electricity

Supply chains choke as container shortage persists

FBR gets regular chairperson

THE NEWS INTERNATIONAL

FPCCI says tariff hike plan panders to IMF

Small businesses see 60pc profits lost to economic inertia in 2020

CDWP clears Rs25.5bln Karachi water supply project

KE allocates Rs26bln to improve distribution network

More troubles ahead

PIA, NADRA sign deal

Karachi shivers as coldest night of season recorded

Rupee stable

Gold rates up Rs100/tola

BUSINESS RECORDER

Proposed zero-rating for textile sector, MoC to be eyeball to eyeball with FBR today

Different items, Tariff review proposals to be placed before ECC

Articulating a new textile vision to boost exports

‘Businessmen can put economy on right track thru self accountability’

FPCCI elections today

Firm trend witnessed on cotton market

Ghani appointed chairman of FBR

Properties, vehicles, FBR issues e-notices to over 0.2m taxpayers

Govt to encourage NPOs to achieve ‘certain’ targets

Karachi water project referred to Ecnec

Wind powers more than half of UK electricity for first time

Sindh confirms presence of new coronavirus strain

TRDP launches programme to fight Covid-19

THE EXPRESS TRIBUNE

CDWP refers K-IV project to ECNEC

EXPRESS NEWSPAPER

K-IV project sent to ECNEC for their approval

ECC today observe Textile Apparel Policy, will give approval of supplementary grand for Higher Education Commission

Proposed Tax on LPG, distributor announced for shutter down strike

Scarcity of water, Pakistan came on 3rd position. IMF

Value of dollar plunged by ten paisas, per tola gold up by Rs.100
 

Date: December 28, 2020

THE NEWS INTERNATIONAL

Karachi may experience record-breaking cold temp today

BUSINESS RECORDER

‘Trade diplomacy only hope to increase exports’

KATI concerned over closure of captive power units of industries

Hike in power tariffs in the offing?

Weekly Cotton Review, Increasing trend in rate continues

Agreed assessment, Taxpayers start filing applications

E&P companies plan to inject 150mmcfd of gas into system

Foreign tourists, travelers, EU envoy says Pakistan ‘very safe’ place

PIA resumes flight operations to S Arabia

Cars production decreases 3.73pc in July-November

THE EXPRESS TRIBUNE

Cotton sector cries for policy focus

Role of remittances in country’s current account

EXPRESS NEWSPAPER

Likely to enhance price of Petrol & Diesel from 1st January

Saudi Government launched Hajj platform & smart card


Date: December 27, 
2020

DAWN NEWSPAPER

Import duty being cut by 6pc on raw materials

THE NEWS INTERNATIONAL

Govt to cut import duties on industrial inputs from January

6pc import duty on raw material being reduced, says Razak Dawood

FBR collects Rs3.1bln from exports in July-November

Failing to file tax returns: FBR serves notices on 832,000 non-filers

KCCI wants voice in public utilities for transformation plan

Rupee likely to remain range-bound

Gold rates up Rs600/tola

BUSINESS RECORDER

Industrial raw material, Import duty to be slashed by 6pc: Dawood

SECP appellate bench plans to fix appeals on fortnightly basis

Mian Zahid for keeping momentum in exports, remittances

Motiwala for including extension of Lyari Expressway, Northern Bypass in KTP

Number of people filing returns rises: FBR

40pc of registered taxpayers do not file forms: SAPM

Gold price up by Rs600/tola

Business remains steady on cotton market

THE EXPRESS TRIBUNE

Despite pandemic, textile sector bounces back

Industrialists demand uninterrupted supply of gas

Consumer court seeks SSGC reply on faulty gas connection

KE acquisition possible in 6 months

China to become world’s biggest economy by 2028

EXPRESS NEWSPAPER

Likely to transfer K-Electric within 6 months

BMG welcomed the Karachi Transformation Plan of Rs.739 billion

Date: December 26, 2020

DAWN NEWSPAPER

IMF allows govt to delay sales, income tax measures

K-Electric warns of bad summer if gas pressure issues not resolved

Private sector borrowing plunges 88pc

THE NEWS INTERNATIONAL

Drive against fancy number plates, pressure horns announced

State of the economy

BUSINESS RECORDER

FBR issues Rs144bn refunds in H1

Field formations directed to pay all refunds by Jan 31

15 fake trade bodies, UBG chairman hails decision of DGTO

Sale of new cars, Business community opposes additional WHT

THE EXPRESS TRIBUNE

Punjab govt taking steps to support industrialists

SSGC looks to cut back on gas consumption

Date: December 25, 2020

DAWN NEWSPAPER

Punjab govt taking steps to support industrialists

Strong support in govt for continuing with low interest rates

ECC endorses Rs739bn Karachi Transformation Plan

FBR issues Rs144bn refunds

Inflows in RDAs cross $200m

THE NEWS INTERNATIONAL

TDAP to hold virtual textile fair

Govt pondering over steps to overcome future gas shortages

Tax refunds: PAC orders one-year special audit of FBR

FBR to begin refund processing for tax year 2020

FPCCI, KP TEVTA sign MoU to train youths as per market needs

Tax collection from non-cash banking transactions rises to Rs3.3 billion

SECP annual report lists steps taken in 2019/20

Rupee gains

Forex reserves fall to $20.313bln

Gold rates rise Rs200/tola

BUSINESS RECORDER

Textile sector recovered from pandemic, says NBG chief

Captive power units:  SSGC asks for 100pc cut in gas consumption

MoC, TDAP hold seminar on 2nd phase of China-Pak FTA

SPI up 0.11pc WoW

Forex reserves down by $83m

Bullish trend witnessed on cotton market

All tax offices to stay open till midnight on 31st: FBR

THE EXPRESS TRIBUNE

SBP reserves fall $83m to $13.2b

Passports made valid for 10 years; no extra fee

EXPRESS NEWSPAPER

FBR issued Tax Refunds of Rs.144 billion

ECC approved the Karachi Transformation Plan

Informative seminar held on China Pakistan FTA Phase II

1st time Pakistan imported Euro-5 Diesel

Date: December 24, 2020

DAWN NEWSPAPER

Rs1.53 hike in power rates likely as Nepra prepares fuel cost hearing

Pakistan needs $6bn for water supply, sanitation: ADB

P2P lending platform launched

PIA to operate cargo flights to Saudi Arabia

Dozens of drugs for mental illnesses unavailable

Masks block 99.9pc of large Covid-linked droplets: study

THE NEWS INTERNATIONAL

Industry running close to 100pc capacity, says Razaq Dawood

FBR grants tax concessions on energy supply to manufacturers

Restoration of stalled IMF loan programme: Power tariff likely to be increased by Rs3.30 from next week

FPCCI elects 2 BMP members

Rupee strengthens

Gold rates drop Rs200/tola

Over half of Chinese adults now overweight

BUSINESS RECORDER

FBR tells power, gas utilities, Concessionary tariff only for those listed on ATL

FCA for Oct, Nov, CPPA-G seeks Rs1.53/unit increase in Discos’ tariffs

Hamdani made MD/CEO of SNGPL, Maniar gets SSGCL top slots

Due payments to IPPs, Govt shares no concrete plan

FPCCI election: campaigning in full swing

FPCCI Elections 2021: 15 alleged bogus chambers, bodies will not be allowed to participate, BHC told

Cotton yarn, RD on import removed till June 2021

Taxpayers allowed to file settlement application

Taxpayers asked to provide certificate on plain paper

Tax exemptions

Trade activity remains bullish on cotton market

THE EXPRESS TRIBUNE

Duty removal to help raise exports

ECC to approve funds for gas projects

UAE seeks 'new economic roadmap' to bolster trade ties with Pakistan

EXPRESS NEWSPAPER

NEPRA applied to enhance the electric rate by Rs.1.52

Govt accepted that circular debt reached 2400 billion rupees

Due to COVID-19 consumer interested in online purchasing. World survey

Date: December 23, 2020

DAWN NEWSPAPER

Current account posts fifth monthly surplus of $447m in November

THE NEWS INTERNATIONAL

FBR rakes in Rs2.2 billion by enforcing withholding tax

Assets’ non-disclosure up to 2018: FBR to take action against taxpayers

Country posts current account surplus for 5th straight month

Dirty money continues to flow from Pakistan to UK

Rupee edges higher

Gold rates up Rs250/tola

BUSINESS RECORDER

The faults that computers develop

The value-added charm

NEECA offers 50pc energy audit to CPPs free

FBR seeks to amend asset declaration rules

Corporate sector, FBR identifies tax exemption worth Rs150bn

Change of taxation regime, Taxmen told to check misdeclaration through importers’ audit

Government of Pakistan Revenue Division Federal Board of Revenue, Islamabad, the 22nd December, 2020. NOTIFICATION

C/A posts $447m surplus in Nov

Sindh Assembly informed, Sindh being deprived of actual gas share

Increase in Sindh workers’ wages proposed

Pricing issues, Country facing serious shortage of life-saving drugs

Business remains stable on cotton market

Bank holiday

THE EXPRESS TRIBUNE

Current account makes new record

NEPRA, experts discuss CTBCM model

Experts stress shift to solar power

EXPRESS NEWSPAPER

Demanded to extend the date of filing Tax Return up to 31 January

In TDAP corruption cases of billions, order to provide witness on next hearing

Value of dollar plunged by 4 paisas

Date: December 22, 2020

DAWN NEWSPAPER

New virus strain inflicts pain on equities

Insufficient gas

UAE visa issue

THE NEWS INTERNATIONAL

‘Aaj Shahzeb Khanzada Ke Sath’: Govt took no steps to deal with gas crisis

‘No plans for gas load shedding’

Active taxpayers hit all-time high of three million

Minimum wages notice rejected

Rupee weakens

Gold rates up Rs50/tola

BUSINESS RECORDER

Importance of sunrise industries highlighted, Shift your focus away from sunset industries, Ishrat tells businesspeople

Rise in industrial production

There’s no gas loadshedding in country: PD

FPCCI publishes three research journals

Cotton spot rate rises by Rs100 to Rs9950

Additional WHT on new cars to be approved by Cabinet

THE EXPRESS TRIBUNE

Export sectors come under scrutiny

SBP prepares for digital shift

Sindh proposes 20% wage increase

EXPRESS NEWSPAPER
Bullish trend in cotton price across the world including Pakistan

Date: December 21, 2020

DAWN NEWSPAPER

Gas shortage, pressure drops affect supply to power sector

Visa curbs are temporary, UAE assures Pakistan

PIA moving head offices to Islamabad next month

THE NEWS INTERNATIONAL

Gas crisis to worsen in January

The gas crisis

Britain says new virus strain ‘out of control’

BUSINESS RECORDER

Cotton import: momentum slowing?

Woeful cotton output decline

Weekly Cotton Review, Rate increases in local market

Karachiites perturbed by gas shortage, low pressure

THE EXPRESS TRIBUNE

UAE tells Pakistan visa ban ‘temporary’

PIA to completely shift to Islamabad by June

Woes easy to understand, but require resolve to fix

Should Pakistan increase minimum pay?

EXPRESS NEWSPAPER

Important departments of PIA ready to shift Islamabad in January

Date: December 20, 2020

DAWN NEWSPAPER

Industry decries fuel price hike, gas shortages

Lahore's air quality touches ‘hazardous’ level

THE NEWS INTERNATIONAL

Cotton lint prices reach Rs10,300 per maund amid shortage

Gas shortage hampers life across country

Govt arranges 12 LNG cargoes for January

Rupee likely to add more gains

91pc Karachiites declare City of Lights as best city

Karachi braves 8°C for second consecutive day

BUSINESS RECORDER

Registration of FIRs, Govt acts to resolve issues between FBR, textile exporters

APTMA demands of FBR to stop harassment of leading taxpayers

Low gas pressure forced industrial units to stop production in SITE

Rising gas demand, 12 LNG cargoes arranged for next month

Trading activity remains bullish on cotton market

There’s need to arrest cotton slide

Sugar, flour, pulses prices once again on the rise

Vaccination drive in Pakistan expected in Q2 2021: IMF

THE EXPRESS TRIBUNE

APTMA urges FBR to stop ‘harassing taxpayers’

Pakistan to import LNG at $6.34 per mmbtu

EXPRESS NEWSPAPER
Production activities halted due to scarcity of Gas

 Date: December 19, 2020

DAWN NEWSPAPER

Textile exports rise 5pc

Phutti arrivals plunge 35pc to 5.05m bales

Slight fall in weekly inflation

Egg prices smash previous records

Mercury drops to 8.3 degrees Celsius in city

Poor countries to start getting Covid-19 vaccines early next year: WHO

THE NEWS INTERNATIONAL

‘Pakistan can fetch $23bln from exports to China’

FPCCI hails SBP decision

Cotton stockpiling down 35.6pc

Weekly inflation declines by 0.22pc

‘CNG to remain closed in Sindh two days a week’

Karachi experiences coldest day as mercury drops to 8.3oC

BUSINESS RECORDER

Nov textile exports up 9.27pc YoY

Alarming decline in cotton production

State of economy, Govt deriving too much satisfaction from indicators?

SECP to revise Securities Act-2015 to promote ease of doing business

KCA raises spot rate by Rs100 to Rs9850

Small industries, FPCCI applauds SBP’s waiver of up to $5000 per consignment

SPI down 0.22pc WoW

THE EXPRESS TRIBUNE

Former FATA becomes tax haven

EXPRESS NEWSPAPER

FATA has a become safe haven for avoid taxes of Business People

Date: December 18, 2020

DAWN NEWSPAPER

Agreement signed for Gwadar virtual LNG pipeline

Foreign loans surge by 45pc in five months of fiscal

RESERVES FALL

Ex-SBP governor suggests measures to stimulate economic activity

‘Employers getting Covid-19 benefits from govt, but not transferring them to workers’

Pakistan ranks eighth in global slavery index

THE NEWS INTERNATIONAL

Lack of reforms in gas sector, slow pace of explorations cause gas shortage

Govt to grant LNG terminals’ capacity to private sector

SBP, LCCI hold awareness session

Sialkot Business Council launched

External inflows grow 45pc to $4.5bln in July-Nov

Rupee extends gains

Forex reserves fall to $20.379bln

Gold rates increase Rs550/tola

BUSINESS RECORDER

$4.5bn foreign debt incurred in 5 months

Forex reserves fall by $23m

Criticality of LSM

Cotton spot rate rises by Rs100 to Rs9750

THE EXPRESS TRIBUNE

Govt agrees to hike power tariffs to revive IMF bailout

Pakistan gets $1.1 b expensive foreign commercial loans

2021 likely to be year of stabilisation

SBP reserves remain stable at $13.29b

EXPRESS NEWSPAPER

Decided to return back cash 5% to the consumers of big retail outlet

Corona vaccine will be available in the country in February or March. Faisal Sultan

 Date: December 15, 2020

DAWN NEWSPAPER

Nepra notifies over Re1 per unit rise in power tariff

Illegal imports of tea, textile and tyres curbed

Industrial uplift must for economic growth: PM

THE NEWS INTERNATIONAL

Power consumers to pay Rs1.138/unit extra in Dec

Rupee weakens

Gold rates fall Rs300/tola

BUSINESS RECORDER

FBR pays Rs91bn ST refunds in Nov: SAPM

Nepra raises Discos’ tariff for Sept by Rs1.11

Prices of petrol, HSD see rise

Hamdani, Tufail to be appointed MDs of SSGC, SNGPL

KCA raises cotton spot rate by Rs100 to Rs9500

THE EXPRESS TRIBUNE

Industry irked by soaring input prices

Digitisation crucial to rebuilding economy

EXPRESS NEWSPAPER

KCCI announced two-day webinar tomorrow

Fuel Price Adjustment: Electricity expensive by Rs 1.11 per unit

Proposal to increase the price of petroleum products by Rs. 7 per liter

Cotton prices rised after one & half month

Date: December 14, 2020

DAWN NEWSPAPER

Textile industry bounces back stronger


BUSINESS RECORDER

PHMA for solution of skilled labour shortage

WWF: A direct tax on income in the guise of labour levy

Weekly Cotton Review, Rate remains stable

THE EXPRESS TRIBUNE

Can we afford to ignore exports?


Date: December 13, 2020

DAWN NEWSPAPER

Tax reforms hit by uncertainty amid cabinet reshuffle

Motiwala to head BMG

THE NEWS INTERNATIONAL

FBR must align with real stakeholders to widen tax base’

LTO Karachi collects Rs557bln in five months

Rupee may stay intact

Gold prices rise Rs350/tola

BUSINESS RECORDER

FBR to allow RMS of WeBOC to select DTRE applications

Business Council for enhanced ties with US

Zubair Motiwala given charge of BMG chairman

Business remains stable on cotton market

THE EXPRESS TRIBUNE

Govt adds Rs397b to public debt

One ministry wins, another loses

EXPRESS NEWSPAPER

Zubair Motiwala appointed new Chiarman of B.M.G

Now Water will be Trade Internationally like Petroleum & Gold

Gold price of per tola surged by Rs.350

Date: December 12, 2020

DAWN NEWSPAPER

REMITTANCES REMAIN OVER $2BN FOR SIXTH CONSECUTIVE MONTH

WEBINAR ON TEXTILE EXPORTS TO CANADA HELD

THE NEWS INTERNATIONAL

MOU SIGNED TO INSTALL 10,000 SURVEILLANCE CAMERAS IN CITY

REMITTANCES UP 26.9PC IN JULY-NOV

RUPEE RISES FURTHER

OGRA AUDITING GAS COS TO FIND ACTUAL UFG LOSSES

STATE BANK ISSUES SPECIAL FOREX REGULATIONS

BUSINESS RECORDER

JUL-NOV REMITTANCES UP 27PC YOY

SPI DECREASES 0.26PC WOW

GAS SUPPLY CLOSURE ON SUNDAY INDUSTRIAL AND CAPTIVE POWER

FBR ESTABLISHES CITRO FOR CENTRALISED PAYMENT OF REFUNDS

FTO TAKES ACTION AGAINST DELAY IN REFUNDS UNDER FASTER

COTTON SPOT RATE FALLS BY RS100 TO RS9400

THE EXPRESS TRIBUNE

REMITTANCES REMAIN ABOVE $2B

EXPRESS NEWSPAPER

MOU SIGNED FOR INSTALLATION OF 10,000 CAMERAS AT KARACHI

INFLATION REDUCED BY 0.26% & REACHED 8.44%

WEBINAR ORGANIZED BY TRADE DEVELOPMENT AUTHORITY OF PAKISTAN

EXTENDED THE DATE OF ENCASHMENT OF PRIZE BOND OF RS. 40,000/-

Date: December 11, 2020

DAWN NEWSPAPER

Refund claims

Roshan account receives $7.7m in a single day

RESERVES RISE

THE NEWS INTERNATIONAL

Massive gas crisis in January on cards: Govt faces shock as PLL receives no bids for January

Private sector demands uniform RLNG transportation tariff

Pakistan Customs collects Rs191bln duties in July-November

Pakistan’s economy recovering: ADB report

RDAs receive biggest daily spike in remittances since launch

Government discontinues Rs25,000 prize bonds

Forex reserves rise to $20.40bln

Rupee strengthens

Gold rates down Rs750/tola

BUSINESS RECORDER

Simplified tax return form, Cottage industry, SMEs unable to avail facility

Online transactions, FBR to ‘strictly’ regulate buying-selling process of goods

— advises late taxpayers

Rs25,000 prize bonds discontinued

PRGMEA chairman grieved

Volume of business remains low on cotton market

Gold price falls

Govt takes decision to deal with ‘on money’ challenge, Additional WHT hikes car prices

THE EXPRESS TRIBUNE

Private sector demands equal tariff regime

SHC seeks OGRA, SSGC’s replies on gas shortage

SBP reserves rise $188m to $13.29b

Govt discontinues Rs25,000 bonds

EXPRESS NEWSPAPER

Permission granted to submit Tax return to the Taxpayer after due date

Scarcity of Gas, Notice issued to Chairman OGRA & others

Purchased 50 latest Fire tenders & Water bowser for Karachi

Date: December 10, 2020

DAWN NEWSPAPER

FBR admits faults in refund software caused delays

1.8m tax returns filed by Dec 8

Bodies formed to check fire safety measures in buildings, factories, SHC told

Mobile phone imports jump 90pc

Next five years’ economic growth not encouraging

THE NEWS INTERNATIONAL

FBR issues simple tax return form for manufacturers after deadline

Returns, income tax paid hit all-time high

PCJCCI proposes textile city

Pakistan to remain on UK trade preference list post-Brexit

Rupee remains firm

Gold prices fall Rs100/tola

BUSINESS RECORDER

Extension in deadline for filing of IT returns, 300,000 taxpayers utilise ‘liberal’ acceptance of requests

Karachi ports, Delay in clearance of consignments increasing input cost

Trade activity firm on cotton market

Workers’ Welfare Fund — a tax or a fund?

Climate change may impact water-dependent sectors: ADB report

Fitch says upgrades of major economies unlikely in 2021

THE EXPRESS TRIBUNE

Exports to China witness 30% increase

Setting up of textile city proposed

TDAP webinar on export procedures

Pak-China textile trade webinar held

EXPRESS NEWSPAPER

FBR received 1,800,000 Income Tax Returns

Demanded to provide status of value added city to Sialkot

Value of Dollar further enhanced

Date: December 09, 2020

DAWN NEWSPAPER

Business leader Siraj Teli passes away in Dubai

Encashment date of Rs40,000 bonds extended

Growing deficit

THE NEWS INTERNATIONAL

1.7 million income tax returns received by FBR

Govt revs up efforts to finalise overdue KE stake sale

EFP to promote MNE declaration

Pakistan among top five countries with most investment in 2020

Rupee ends lower

Gold rates rise Rs1,300/tola

Tax the rich

BUSINESS RECORDER

Third party administrator on KE, Proposal ‘formally’ discussed

Deadline for filing IT returns may be extended

Teli passes away in Dubai

Business community grieved over death of Teli

Rs40,000 prize bonds, SBP extends withdrawal date

KCA raises cotton spot rate by Rs50 to Rs9500

Cotton output: is the bottom in sight?

Vaccinating against corruption

THE EXPRESS TRIBUNE

Cotton imports fuel textile sector recovery

Govt bans new gas connections for industries

Govt receives only 1.67m tax returns

Efforts under way to resolve KE issues

Exports to US cross $400m mark

EXPRESS NEWSPAPER

Govt could not develop tax payment culture during last 2 years

FBR decided not to extend of filing of Tax Returns

Price of per tola Gold rised by Rs.1300

Date: December 08, 2020

DAWN NEWSPAPER

FPCCI welcomes withdrawal of duty on cotton yarn import

Desks set up to facilitate return filers

Banks open till 9pm

THE NEWS INTERNATIONAL

Number of return filers drops by half to 1.5mln

Extension in tax filing date urged

Banks to observe extended hours

UBG barred from FPCCI elections

Rupee weakens

Gold prices fall Rs300/tola

BUSINESS RECORDER

FPCCI hails withdrawal of 5pc RD on import of cotton yarn

KATI welcomes abolishment of power peak hour tariffs

Filing of income tax returns, KCCI, PCDMA urge govt to extend date up to Jan 31

PTBA demands extension in date to file returns

Deadline for filing IT returns not being extended

FBR receives over 1.4m IT returns by Dec 7

Tax collection, SBP extends banking hours

Slow growth in FBR revenues

Business remains steady on cotton market

THE EXPRESS TRIBUNE

Budget deficit jumps to Rs894b

‘Country needs industrial revolution’

Government works on cutting power cost

Traders seek extension in tax return filing date

Businessmen appreciate duty removal

Pak-China textile trade webinar today

EXPRESS NEWSPAPER

Budget deficit during July to October reached 894 billion

Traders demanded to extend the date of Income Tax Return filing

Pakistan-China Textile Trade Investment Webinar will be held today

Date: December 07, 2020

DAWN NEWSPAPER

Weak and slow economic recovery

GOVERNMENT OF SINDH AD, FACE MASK SECURITY GUARANTOR

THE NEWS INTERNATIONAL

Gas load management plan: Govt decides to curtail gas supply to RLNG-based power plants

BUSINESS RECORDER

Deadline for filing of tax returns, Tax experts question wisdom of FBR authorities

Filing of income tax returns: Hafeez, FBR urged to extend deadline by two months

SNGPL reduces UFG losses by 1.60pc

PRGMEA urges PM to declare Sialkot ‘value-added city’

Weekly Cotton Review, Market, rate remain stable

Prices of essential kitchen items remain ‘sky-high’

Date: December 06, 2020

DAWN NEWSPAPER

Number of return filers declines by 23pc

THE NEWS INTERNATIONAL

Antidumping duty on Chinese fibers impedes Pakistan’s exports growth

FPCCI wants govt to put business on priority list

SNGP cuts UFG losses 1.60 percent

Rupee likely to stay range-bound

BUSINESS RECORDER

LCCI, govt depts pledge to turn Lahore into showcase of world

Business activity seen steady on cotton market

THE EXPRESS TRIBUNE

Businessmen call for raising exports, remittances

EXPRESS NEWSPAPER

Reduction in Gas pressure at F.B Area, hurdle in Industrial Production

Date: December 05, 2020

DAWN NEWSPAPER

Legal arrangements for more power, gas supplies to KE stalled

Exports jump 7.67pc to $2.161bn

THE NEWS INTERNATIONAL

Govt releases Rs1.78 bn for textile sector: Razak

Shipping rules formulated to boost foreign trade

Return-filers with legit reasons to get date relaxation

Weekly inflation continues on downward trajectory

Rupee edges higher

Gold rates drop Rs200/tola

BUSINESS RECORDER

Energy sector, Circular debt soars to Rs2.3trn

Nov trade deficit widens by 14.7pc MoM

SPI down 0.23pc WoW

Karachi projects, First quarter sees zero utilization of funds

Trade activity remains firmer on cotton market

Government of Sindh Ad, The only solution to prevent Corona is to follow certain SOPs

THE EXPRESS TRIBUNE

Trade deficit widens to $9.6b

EXPRESS NEWSPAPER

Minor increased in trade deficit due to surge in imports

Justice Sajjad refused to hear the Case of Sindh Industrial Support Package

Decided not to extend the date to file Income Tax Return

In one-week inflation rate reduced by 0.23%

Pakistan Citizen Portal, 27 lacs complaint resolved out of 30 lacs

Date: December 04, 2020

DAWN NEWSPAPER

Subsidy okayed for industry after abolition of peak rates

Pakistan seeks data sharing pact with UAE to curb under-invoicing

Digital banking fast replacing conventional transactions

Three Pakistani firms on Forbes ‘under $1bn’ list

RESERVES FALL

THE NEWS INTERNATIONAL

FBR identifies 7.4m tax-evaders

System glitches keep 1.7mln taxpayers from filing returns

ECC removes ‘peak hours’ electricity rate

PHMA hails govt’s decision

Dyes merchants demand refunds

State Bank logs significant growth in digital payment transactions in Q1

Rupee gains

Forex reserves fall to $20.2bln

Cotton stockpiling declines 37.6pc

Gold prices drop Rs300/tola

World food prices jump to six-year high: UN

BUSINESS RECORDER

Industries, ‘Peak hours’ power rates abolished

Gas pricing and demand

Digital banking posts strong growth in Q1

Broadening the tax base, FBR to effectively use citizens’ data with NADRA

Date: December 03, 2020

DAWN NEWSPAPER

Form-E condition for exports up to $5,000 goes

ECC wants National Highway Authority remodel plan within a month

Taxpayers allowed electronic appeals

Export growth

Govt promises free vaccination from second quarter of next year

Virus has dragged down wages, says ILO

THE NEWS INTERNATIONAL

State Bank eases regulations for ecommerce exporters

Sindh to develop online database for birth records

Govt withdraws 5pc regulatory duty on cotton yarn import

Rupee extends losses

Gold rates up Rs1,600/tola

BUSINESS RECORDER

Import of cotton yarn, Removal of 5pc RD approved by ECC

Nepra revises industrial tariff, abolishes ToU charges

Tax return form ‘defective/incomplete’, KTBA tells FBR

B2C e-commerce exports, State Bank issues regulatory framework

Fitch sees real growth at meagre 0.8pc

Virus drags down wages: ILO

Cotton spot rate remains unchanged

Gold price surges

Dilemma of percentages

Informal feminization of textile sector

THE EXPRESS TRIBUNE

ECC defers fund approval for Karachi

Govt set to lift ban on new gas connections

SBP facilitates B2C e-commerce exports

Govt provide Covid-19 vaccine free of charge

Textile exports

EXPRESS NEWSPAPER

ECC Meeting: Approval of funds for Karachi Package deferred

Business to Consumer, framework issued to facilitate to E-Commerce

Condition of Form-E removed for Small Exporters

During the last decade, exports on its peak in November, 2020

Further enhanced inflation rate by 0.82% in November

Price rised of Gold per tola by Rs.1600, value of Dollar continue enhance

Karachi became No.1 city amongst polluted cities

Date: December 02, 2020

DAWN NEWSPAPER

Delayed connections pile up as Discos seek 86-paisa tariff hike

Karachi industry slams low gas pressure

Exports rise 7.2pc to $2.15bn, says Razak

Inflation eases to 8.3pc in November

Tax challenge

THE NEWS INTERNATIONAL

Exports again surpass $2 bn mark in November

FBR tax collection rises 3.8pc to Rs1,688bln in July-Nov

Unfair games not a level playing field

Pakistan looks for financial consultant as TAPI up for grabs

Public opinion equally split on govt, opposition narratives: survey

Rupee gives up gains

Gold rates rise Rs350/tola

BUSINESS RECORDER

ECC may approve removal of 5pc RD on cotton yarn

FBR says it paid Rs80bn refunds in Jul-Nov

IT Rules 2002, KTBA urges FBR not to insert sub-rule (2A) in Rule 74

Gas load management plan

Nov CPI-based inflation surges 0.82pc

Jul-Nov exports post less than 2pc growth

SEPA fines 161 vehicles over violation of environmental law

Volume of business remains low on cotton market

THE RUPEE: PKR falls against USD

Gold prices rise

Int’l virtual textile exhibition in Feb ’21

THE EXPRESS TRIBUNE

Low gas pressure restricts industrial production

Distribution firms fail to satisfy NEPRA on tariff hike

FBR disposes of cases without audit

TDAP to organise virtual textile fair

EXPRESS NEWSPAPER

FBR started disposed off 310,000 Audit cases

KATI welcome to granted approval to set up Export Development Board

Value of dollar surged by 40 paisas & gold enhanced by Rs.350

Date: December 01, 2020

DAWN NEWSPAPER

Prices of some oil products increased, others’ unchanged

No gas for CNG stations, captive power in peak winter demand, says Omar

November tax collection close to target at Rs346bn

‘No buffets at marriages’

THE NEWS INTERNATIONAL

FBR short of Rs8 bn to meet November target

Govt concedes inability to meet gas shortfall

LPG price up Rs23/11.8kg for Dec

Lahore again tops list of world’s most polluted cities

Rupee ends higher

Gold prices down Rs1,150/tola

BUSINESS RECORDER

Value addition in exports

Gas sector, PD asked to prepare formula based on data for pricing mechanism

UAE formulating new protocols for visas: Qureshi

EFP, Istanbul Chamber agree to boost bilateral trade

November’s inflation likely to be 8.2pc

Diesel price raised by Rs4 per litre

Trade activity remains steady on cotton market

Gold prices further slide

THE EXPRESS TRIBUNE

FBR achieves five-month tax target

Provinces reject weighted average cost of gas

Govt raises HSD price by Rs4 per litre

EXPRESS NEWSPAPER

Price of LPG enhanced by Rs.2/- per Kg

Price of high-speed Diesel increased by Rs.4/- per liter

Price of Gold down by Rs.1150 per tola, value of dollar plunged by 45 paisasDate: December 14, 2020

DAWN NEWSPAPER
Textile industry bounces back stronger

BUSINESS RECORDER

PHMA for solution of skilled labour shortage

WWF: A direct tax on income in the guise of labour levy

Weekly Cotton Review, Rate remains stable

THE EXPRESS TRIBUNE

Can we afford to ignore exports?

Date: December 18, 2020

DAWN NEWSPAPER

Agreement signed for Gwadar virtual LNG pipeline

Foreign loans surge by 45pc in five months of fiscal

RESERVES FALL

Ex-SBP governor suggests measures to stimulate economic activity

‘Employers getting Covid-19 benefits from govt, but not transferring them to workers’

Pakistan ranks eighth in global slavery index

THE NEWS INTERNATIONAL

Lack of reforms in gas sector, slow pace of explorations cause gas shortage

Govt to grant LNG terminals’ capacity to private sector

SBP, LCCI hold awareness session

Sialkot Business Council launched

External inflows grow 45pc to $4.5bln in July-Nov

Rupee extends gains

Forex reserves fall to $20.379bln

Gold rates increase Rs550/tola

BUSINESS RECORDER

$4.5bn foreign debt incurred in 5 months

Forex reserves fall by $23m

Criticality of LSM

Cotton spot rate rises by Rs100 to Rs9750

THE EXPRESS TRIBUNE

Govt agrees to hike power tariffs to revive IMF bailout

Pakistan gets $1.1 b expensive foreign commercial loans

2021 likely to be year of stabilisation

SBP reserves remain stable at $13.29b

EXPRESS NEWSPAPER

Decided to return back cash 5% to the consumers of big retail outlet

Corona vaccine will be available in the country in February or March. Faisal Sultan

Nov textile exports up 9.27pc YoY

Alarming decline in cotton production

State of economy, Govt deriving too much satisfaction from indicators?

SECP to revise Securities Act-2015 to promote ease of doing business

KCA raises spot rate by Rs100 to Rs9850

Small industries, FPCCI applauds SBP’s waiver of up to $5000 per consignment

Drive against fancy number plates, pressure horns announced

State of the economy