Date: January 24, 2020
DAWN NEWSPAPER
Power tariff hike to hit export efforts, warn Karachi industrialists
Private sector borrowing up by 65pc in DecemberDespite go-ahead by PM twice: Textile Policy 2020-25 in the doldrums
Economic slump, swelling capacity charges forced govt to hike power tariff
FBR collects Rs32bln from profits on bank deposits in first half
Businessmen warn to move court against gas suspension
FPCCI disapproves rate hold, seeks downward revision
Digitisation a necessityGovt decides to hold ‘final’ round, K-Electric faces prospect of re-privatisation?
Increase in electricity tariff rejected
Competitive electricity buyer model proposed
Exports to increase significantly in next 6 months: S M Muneer
Business remains steady on cotton market
Prices of essential kitchen items continue witnessing upward trend
ATM withdrawal limit not restricted to Rs1000: SBPGovt to abolish duties on raw material
Commerce secretary assures industrial sector of all-out efforts
Govt working to ensure K-Electric stake sale
Why cars are expensive in Pakistan?On purchase of vehicle, 42% deposit in the Govt treasury-Analyst
Date: January 22, 2020
DAWN NEWSPAPER
No gas for captive power plants, new connections for industry
15pc hike in power tariff announced
SBP guidelines for digitisation of taxes, duties
RESERVES FALL
THE NEWS INTERNATIONAL
Self-generation electricity: Cabinet body slaps moratorium on supply of gas to industrial units
‘Fallout of PML-N govt power policies’: Power tariff up by Rs1.99 a unit
Income Tax Amendment Ordinance 2021 promulgated
ECNEC approves Rs25.5 billion K-IV project
Taxpayers bound to pay duties above Rs1 million online
Forex reserves fall to $20.120bln
China to gift Pakistan 500,000 corona vaccine doses
BUSINESS RECORDER
Discos’ unified base tariff hiked, Rs200bn impact calculated; IMF has no qualms
SBP takes key step towards collection of govt taxes, duties
Large-scale manufacturing contracting for past two years: analyst
Lesco chief assures Aptma delegation of uninterrupted supply
Projects, including phase-I of K-IV, approved by Ecnec
‘Pakistan needs to focus on improving exports to Switzerland’
Rates of profit on National Savings certificates enhanced
Business remains stable on cotton market
Gas has to be used wisely, prudently
THE EXPRESS TRIBUNE
GIDC arrears amounted to ‘Rs81.81b’
CCOE bans gas supply to industrial units
K-Electric’s new plant to begin production in March-April
Domestic consumers receive electric shock
No change expected in interest rate
Switzerland encourages Pakistan exports
Date: January 21, 2020
DAWN NEWSPAPER
C/A turns negative in December after five-month surplus
Rs610bn requests under Temporary Economic Refinance Facility received
Uncertainty looms over city’s power situation due to lack of key KE deals
THE NEWS INTERNATIONAL
Govt in a fix on pricier LNG bids for March
Experts urge government to focus on renewable energy
Automated assessment of tax returns deferred till June
KE links new power plant’s fate to SSGC gas
Current account turns to deficit in December
BUSINESS RECORDER
Jubilation at export growth is premature – Tahir Jahangir
Industrial units, NKATI opposes PD’s decision to cut gas supply
Five export-oriented sectors, Govt hints at restoring zero-rating regime
PM asks FBR to propose incentives for top taxpayers
Gwadar Tax Free Zone Rules 2021 issued
RLNG-based power plant will go a long way in meeting Karachi’s power demands
KCA raises cotton spot rate by Rs100 to Rs10800
THE EXPRESS TRIBUNE
Industrialists decry ban on gas supply
Current account turns from surplus to deficit
Finance Act 2017 tax amendments voided
EXPRESS NEWSPAPER
Approved Rs. 213 million for Exporterson account of DLTL. Razzak Dawood
Average 0.97% profit rate enhanced regarding National Saving Schemes
Decided to import machinery on zero duty for Gawadar Port
Value of dollar reduced by 10 paisas
Good news for the Karachi Citizens, minor load shedding will be in summer
Date: January 20, 2020
DAWN NEWSPAPER
SC declines to wade into row between public entities, KE
Razak praises Bazaar Technology for raising $6.5m
Importers bound to e-pay over Rs1m duty, taxes
‘Waste water surveillance can predict Covid-19 cases in Karachi’
THE NEWS INTERNATIONAL
Technical fault at SSGC’s gas field compounds Karachi’s miseries
SBP most likely to keep policy rate unchanged for third time
FBR advised to prioritise refunds for SMEs
Gold prices up Rs300/tola
BUSINESS RECORDER
SHC declares SRO 584(1)/2017 illegal
FPCCI seeks extension in time period of TERF
Small traders, shopkeepers, ‘Pending income tax refund claims must be calculated out of turn’
Nepra working on inclusive CSR development model
MPS on Friday, Key policy rate may be kept unchanged
Trading across Border Index, Pakistan improves 31 positions on rank
Over 70pc of population exposed to unsafe drinking water: Moody’s
52 fire engines to improve Karachi’s fire fighting apparatus: Alvi
THE RUPEE: 10 paisas down vs USD
Cotton spinning: searching for large orders?
Steady trend witnessed on cotton market
THE EXPRESS TRIBUNE
Textile bodies join hands across Asia
Pakistan climbs on Trading Across Border Index
‘Pakistan, Italy can lift trade to $5b’
EXPRESS NEWSPAPER
Meeting of SBP Monetary policy will be held on Friday
Date: January 19, 2020
DAWN NEWSPAPER
Body formed to examine gas supply chain
Foreign investment drops by 30pc in first half of FY21
Domestic debt rises to Rs24.11tr
THE NEWS INTERNATIONAL
Power tariff bomb set to explode this week
‘FBR mulls unifying various taxes’
FBR plans orientation programme
Ginners lament govt’s lack of focus on cotton production
Gold rates up Rs150/tola
BUSINESS RECORDER
Exciting half for textile exports
PM gives assurance on withdrawal of 5pc duty on yarn import
Cotton output plunge poses threat to exports: PCGA
KCA raises cotton spot rate by Rs100 to Rs10700
SNGPL assures export sector of uninterrupted gas supply
Expired agreement behind reduced LNG supply
SNGPL, SSGC consumers, Ogra determines weighted average RLNG price
Recovery in industrial production
LSM growth
THE EXPRESS TRIBUNE
FDI falls 61% to $193.6m in December 2020
EXPRESS NEWSPAPER
A delegation of NKATI met with NEPRA DG Consumer Affairs
Cotton Corp destroyed for the progress of Sugar Industry Dr. Jesomal
Date: January 18, 2020
DAWN NEWSPAPER
Cut in gas supply to industry likely amid LNG crisis
CM urged to ask Sepa to hold public consultation on review process
BUSINESS RECORDER
Govt likely to import LNG itself till new terminals commissioned
Weekly Cotton Review: Bullish trend prevails in markets
LSM: the tides are changing
THE EXPRESS TRIBUNE
How to sustain export expansion?
SBP – a pillar of support for business
Govt set to raise power tariff in January: SAPM
LNG crisis likely to worsen in country
EXPRESS NEWSPAPER
China reduced the Tax on their Import
40 Countries approved to issue digital currency
Date: January 17, 2020
DAWN NEWSPAPER
Cotton imports cut benefits of record textile exports
SECP enrolls over 20,300 firms in 2020
Memorandum signed with Hong Kong Trade ForumRare prolonged power outage exposes fragility of grid
FBR softens stance on penalising late filers
Cotton prices continue to rise unabatedlyUnified weighted average tariff raised by Rs1.8/unit
FBR restores sanctity of tax return filing deadline: SAPM
Concern over increase in petroleum prices
FTO orders action against taxmen involved in refunds fraud
Govt contemplating removing customs duty on cotton yarn
KCA cuts cotton spot rate by Rs100 to Rs10600Government mulls removing customs duty on cotton yarn
Yarn manufacturers seek implementation of lower power tariff
Traders warns of gas shortage in 2021Industrial Production & Export enhanced but energy crisis still persist
Date: January 16, 2020
DAWN NEWSPAPER
December textile exports reach historic high
Price of petrol hiked by Rs3.2, diesel by Rs2.95
Bank deposits jump 22pc in 2020Textile exports increase 7.7pc in July-December
FBR vows to do away with ‘excessive’ taxation
PYMA asks to reduce power tariff
‘Initiatives on cards for SMEs’
Petrol, diesel prices raisedJuly-Dec 2020-21, Textile group exports increase by 7.79pc
Federal budget, FBR’s priority is to get rid of excessive taxation: official
PYMA team visits KE, urges govt to implement reduced tariff
Trade activity remains firm on cotton marketFBR looks to reduce cost of doing business
Govt jacks up POL prices for second time in a monthPrice rised of Petrol Rs 3.20, Hi Speed Diesel 2.95 per liter
Supply of Gas in summer season, Industrial sector informed their concern to the GovernmentDate: January 15, 2020
DAWN NEWSPAPER
Govt decides to increase power tariff by Rs1.90
Petrol, diesel prices likely to go further up
SBP wants dedicated desks for women at financial institutionsTerms for revival of IMF programme: Government to hike power tariff by Rs3.30 to plug circular debt
SMEDA to set up digital platforms
TDAP’s orientation session in Feb
Forex reserves rise to $20.519bln
Gold rates drop Rs500/tolaGovt avoids making power tariff hike announcement
Ease of doing business, FPCCI chief lauds PRAL
First Virtual Texpo-2021: TDAP to hold orientation session with companies
FBR decides to draft ‘Inland Revenue Codes’
CNG stations in Sindh to remain closed for 48 hours
Cotton spot rate rises by Rs100 to Rs10700
Ogra recommends increase in petrol, diesel pricesTaxes stuck in litigation rise 38%
SBP reserves fall $12m to $13.4b
Fingerprint no longer safe from data theftIn two years Tax litigations enhanced by 150%
Likely to enhance further price of Petrol: No summary sent-OGRADate: January 14, 2020
DAWN NEWSPAPER
Growing large-scale manufacturing revives industrialisation: Hafeez
Moody’s forecasts Pakistan economy will grow 1.5pcFBR says facilitation leads to significant growth in exports
‘Economic slowdown to adversely affect loan quality, profitability’
WhatsApp fights back as users flee to Signal and TelegramFBR devises integrated strategy for export boost
Moody’s too sees slow recovery
PM says FBR asked to become fully digitized by July
Electricity generation: There’s plan to disconnect gas supply to industries
FBATI demands removal of taxes, duties on cotton import
Business remains stable on cotton market
Govt clarifies changes in privacy policy of WhatsAppDate: January 12, 2020
DAWN NEWSPAPER
‘Good news’ soon about restarting IMF programme: SBP governor
Rs1.06 per unit increase for Discos notified
Nepra to investigate countrywide power outage
Tax e-payment facility launched
Car sales jump 13pc in 1HFY21Rs1.06/unit added to January power bills
Businessmen ask govt to keep trade deficit in check
State Bank to launch e-payment for duty, taxes from 20th: KCCA
NEPRA committee to investigate blackout
Car sales surge 18pc to 78,910 units in first half
Gold sheds Rs100/tolaKIF plans to hold protest demonstration outside SSGC
SSGC facing gas shortfall of over 250mmcfd: official
KCA raises cotton spot rate by Rs100 to Rs10600
Cotton economy portraying gloomy picture in 2020-21: PCGA
Buying and selling of goods, New regulations issued
E-payment facility introduced for all FBR taxes
Pakistan’s first instant digital payment system launched
No payment limit on duties, taxes fixed through e-payment
Nepra notifies increase in tariffs for Oct, Nov
Nepra too forms body to probe power breakdown
‘Good news’ soon about restarting IMF programme: SBP chief
Rise in exports and trade deficit
PCGA AD, “SOS APPEAL”Budget deficit soars to Rs992b
Industrialists blame govt for gas crisis
NEPRA approves tariff hike of Rs1.06 per unit
NEPRA to investigate power blackout
Car sales rise 15% in December
EXPRESS NEWSPAPER
Reason of Gas shortfall due to not import LNG on time. Industrial Zone
Fuel price adjustment: cost of Electric per unit rised by 1.06 paisas
Budget deficit has Rs.992 billion during the July to November 2020
Whatsapp policy: PTA started to prepare new strategyDate: January 11, 2020
DAWN NEWSPAPER
Sustainable growth in exports must be real target: Razak Dawood
50 fire engines, two bowsers given to Karachi by federal government
Whatsapp wants users to accept new policy by Feb 8Industrialists, traders term 2020 ‘year of pains and gains’
PHMA demands withdrawal of duty on cotton yarn import
‘FPCCI offers plan to modernise industrial sector’
50 fire tenders, two bowsers PM’s gift for Karachi: governor
Weekly Cotton Review, Bullish trend witnessedDate: January 10, 2020
DAWN NEWSPAPER
Comprehensive policy shift planned to overhaul textile, apparel value chain
Karachi's mercury plunges to 5.8?CCotton prices hit 10-year high of Rs11,000/maund
Worst gas crisis hits the country: RLNG supply to industry stopped
Govt, solar IPPs reach accord for bringing down power tariff
Pakistan’s exports to UK cross $1bln in six months
Covid-19 : Survey shows 40pc households facing moderate or severe food insecurityIndividuals, AOPs and companies, FBR chief forms committee to simplify tax return forms
PBIF chief criticises suspension of gas supply to CPPs
FCCI seeks technology transfer, duty-free access to US markets
Cotton prices reach at 10 years highSMEs need easy access to finance
EXPRESS NEWSPAPER
Price of Gold reduced by Rs.1300 per tola
Date: January 09, 2020
DAWN NEWSPAPER
Remittances over $2bn for 7th month running
New price monitoring mechanism introduced
Moratorium lifted on industrial gas connections in Balochistan
Committee tasked to simplify tax return forms
Study shows high prevalence of dry eye syndrome in cityPakistan launches special technology zones authority
Workers’ remittances hit unprecedented level of $14.2 billion in H1
Haj to cost more this year: Noorul Haq Qadri
Gold prices down Rs700/tolaCaptive power units, There must be no gas consumption on Sunday, industries told
SITE body concerned at heaps of garbage and waste
Harmonization of GST, FBR, PRAs to sit together on 12th
H1 workers’ remittances post 25pc growth
Trade activity remains stable on cotton market
Industries: from sunset to sunriseDate: January 08, 2020
DAWN NEWSPAPER
December trade deficit widens by 32pc
Circular debt rose to Rs2.306tr in November
KE granted licence for pipeline
Industries being closed due to gas crisis: minister
APTMA AD, GROWTH IN EXPORTS IN NOV & DEC 2020 WITH PRECEDING YEARFBR looks for new exporters for energy tariff benefits
K-Electric permitted to lay own gas pipeline
World’s most powerful, weakest passports amid pandemic
Gold rates drop Rs1,300/tolaZero-rating regime for textile chain: PRGMEA endorses demand of Dawood
Trade deficit widens by 32.04pc to $2.683bn in Dec
Supply of electricity, gas: Cell established to process requests for concessionary tariff
KE granted licence to build, operate RLNG pipeline
Forex reserves increase by $258m
Cotton spot rate rises by Rs100 to Rs10500Trade deficit widens 32% in Dec
CCOE forms body to streamline gas connections
SBP reserves rise $261m to $13.41bDate: January 07, 2020
DAWN NEWSPAPER
Pakistan prospects brighten for US market on removal of competitors from GSP
PCDMA seeks FPCCI help for resolution of tax issues
Bank deposits up 17pc to Rs17.1trln in 2020
Gold rates up Rs600/tolaECC moves to help industries get cheap raw material
FBR estimates Rs1trn revenue loss
GSA with SSGCL: KE team in Islamabad
Nadra to be enabled to issue ‘succession certificate’: Sindh cabinet
Bullish trend witnessed on cotton market
Cotton assessment: Is NFS&R living under a rock?
Karachi: Several roads blocked as protests continue for 2nd day
TDAP ad: “4th China Int’l Import Expo” Shanghai–China, November 05-10, 2021. Last date to apply: January 25 2021ECC okays removal of customs duty
FPCCI official calls for exploring new markets
FBR urged to ease traders’ profile condition
Dollar hits lowest since March 2018Date: January 06, 2020
DAWN NEWSPAPER
One day, two projections: State Bank says GDP to grow 1.5-2.5pc
WB revises growth forecast down to 0.5pc
APTMA CONGRATULATES PAKISTAN FOR GREAT PROGRESS TOWARDS A SUSTAINABLE FUTURETextile exporters ask for custom free yarn import
SSGC urged to restore gas supply
FBR shifts refunds processing of non-exporters to old system
SBP says growth outcome hinges on response to Covid
Living without gasDawood seeks zero-rating for textile chain
FPCCI concerned over gas shortage to industry
Sustained gas supply ensures exports momentum: APTMA Punjab
Trade, industry and economy: LCCI, KCCI decide to make joint efforts
Govt urged to permit duty-free import of cotton yarn
KCA raises cotton spot rate by Rs200 to Rs10400
1.5 to 2.5pc growth projection: SBP identifies 2nd Covid-19 wave as downside risk
Economy started to regain its pre-Covid trajectory in Q1FY21: SBP
WWF-Pakistan, PEC organize smog awareness campaign
APTMA CONGRATULATES PAKISTAN FOR GREAT PROGRESS TOWARDS A SUSTAINABLE FUTURE‘Exporters seek duty-free import of cotton yarn’
‘Sustained gas supply lending support to exports’
Economy revives to pre-Covid levelsDemanded to permit duty free cotton yarn import
FPCCI showed concern about scarcity of gas & low pressureDate: January 05, 2020
DAWN NEWSPAPER
Gas diversions pose risk to food security, warn fertiliser makers
Fuel sales rise 11pc in first half
Taxpayers urged to file returns
England placed under lockdown till mid-Feb
APTMA CONGRATULATES PAKISTAN FOR GREAT PROGRESS TOWARDS A SUSTAINABLE FUTURECDWP okays Karachi Transformation Plan
Cotton arrivals in factories fall 34pc
Gold rates rise Rs1,300/tolaTDAP secretary may be appointed Expo Centres BoD chief
MoC urges govt to constitute body to hear appeals against decisions of DGTO
STARR system, ERS: Registered persons allowed to file non-export related refund claims
Income tax returns, Updated ATL to be issued after March 1
Residential, industrial areas of Karachi facing gas outages
Business remains firmer on cotton market
APTMA CONGRATULATES PAKISTAN FOR GREAT PROGRESS TOWARDS A SUSTAINABLE FUTUREPakistan embraces digitalisation in 2020
Number of income tax filers rises
Rupee weakens against dollar
EXPRESS NEWSPAPER
Javaid Ghani appointed as Chairman FBR. Notification issued
Taxpayers given instruction to submit Tax Return today
Scarcity of Shipping Containers & Vessels, exports facing difficulties
Value of Dollar raised by 14 paisas, per tola Gold surged by Rs.1300
Karachi came on 6th position in Polluted Cities in the WorldDate: January 04, 2020
DAWN NEWSPAPER
SSGC denies loadshedding for domestic, industrial consumers
‘UK variant is 56pc more transmissible than previous variants’Gas crisis deepens: RLNG supply to power sector slashed considerably
SSGC denies gas loadshedding as residents complain otherwise
APTMA AD,
BUSINESS RECORDER
Bogus ST refunds on fake invoices, FTO directs FBR to initiate criminal proceedings
Repayment of GHPL’s loan, PD allowed to utilise GIDC funds
Inflation remains serious challenge
Captive power units, HCCI voices concern over non-supply of gas
Weekly Cotton Review, Upward trend in rates continues
Inflation remains serious challengeDate: January 03, 2020
DAWN NEWSPAPER
SSGC warns of ‘acute shortage of gas’, notifies supply cutoff to Karachi captive power plants
Car lifting, motorbike and mobile phone snatching increased in 2020Cotton price hits the season-highest of Rs10,200 per maund
FBR fixes provident, gratuity funds tax exemption issues
Gold rates unchangedDisconnection of gas supply: NKATI chief threatens to shut down factories
PBIF chief terms 2020 painful year
KCCI demands probe, Alvi assures of taking up gas crises issue
Trade activity remains stable on cotton market
First rain-snowfall of 2021 next weekGas crisis crippling industrial activities
OGRA, Planning Commission oppose flare gas licences
FBR allows online filing of appeals
Firms urge streamlining of tax lawsDate: January 02, 2020
DAWN NEWSPAPER
Exports jump 18.3pc in December
Ministry to pay 30pc of circular debt to IPPs
Concessionary tariff eligibility rules notified
Foreigners invest $77.2m in govt papers
City shivers as mercury plunges to 5.6°C
WHO okays Pfizer vaccine for emergency useExports surge 18pc in Dec with economic wheel on fire
Consumer inflation eases to 8 percent in December
E-gates installation at major airports soon
New year dawns with coldest night of 12 years in Karachi
48pc Pakistanis optimistic about improvement in economy: surveyPayment in 3 installments within year, Roadmap delineated for IPPs
KCA raises cotton spot rate by Rs100 to Rs10200
Net-metering installations reach cumulative capacity of 148MW, study revealsPakistan records 18.3% jump in exports
Govt offers Rs450b to IPPS to clear circular debt
Pace of inflation lowest in five months
Karachi sees coldest morning in 10 years
TDAP to hold orientation webinarIn December Export enhanced by 18.3%. Abdul Razak Dawood
Approved granted to new Industries for concessionary rate of Electric & Gas
TDAP will be held first Webinar in Bangladesh
Federal issued details of holidays for 2021Date: January 01, 2020
DAWN NEWSPAPER
Petrol price raised to Rs106 per litre
LNG prices jump to six-year highs
Rupee holds strong against dollar in 2020
FBR misses first half target by Rs16bn
SECP okays digital account opening
Clean drinking water not available to majority of people in Pakistan, says PMA reportNew Year shock: Petrol, diesel, LPG, kerosene prices up
‘Mini budget likely ahead of talks with IMF’
FBR collects Rs2,195 bn against Rs2,210 bn target
Customs Duty target: Rs55 bn collected during first half of fiscal year
Private sector companies again asked to import 100-250mmcfd LNG
Business community felicitates BMP-PBG over winning FPCCI-2021 polls
BMP wins FPCCI elections for second year in a row
China vows $100mln grant for road infrastructure in Sindh
Thirty companies win GDIB Awards 2020
SECP launches digital onboarding
Forex reserves fall to $20.254bln
47pc Pakistanis hopeful of good futureFPCCI election for post of president, Mangoon declared winner; Tawab challenges result
FPCCI elections: BMG, KCCI greet Businessmen Panel on victory
Smeda, BSMEPA exchange proposals to enhance business ties
SSGC Mega Service Centre launched in Korangi Industrial Area
HSATI voices concern over closure of gas supply
July-December, Rs15bn shortfall in collection
SRB receives Rs11.75bn record revenue in Dec
Gold prices skyrocket during 2020
Cotton spot rate rises by Rs100 to Rs10100Prices of petroleum products jacked up
FBR misses half-year tax target by a whisker
Rupee likely to stay stable, gold may fall
Foreign exchange: SBP reserves fall $65m to $13.15bPrice rised of Petrol by 2.31, Diesel by 1.80, Kerosene oil by 3.36 & LPG by 15 Rupees
SSGCL inaugurated Mega Centre at Korangi Industrial Area