Date: July 30, 2020
DAWN NEWS PAPER
Ogra proposes Rs7-9 per litre increase in petrol, diesel prices
SBP seeks to expand Islamic banking
Honda raises car, bike prices
THE NEWS INTERNATIONAL
FBR seeks rapid corruption probe against tax officials
State Bank sells MTBs worth Rs167.5 billion
End consumers pay Rs190 bn in power tariff due to jump in dollar
Rs7 per litre hike in petrol price on the cards
Gold rates increase Rs250/tola
BUSINESS RECORDER
Corrupt taxmen, FBR concerned at delay in disciplinary proceedings
Cotton spot rate down by Rs50 to Rs8100
Solution to Karachi’s electricity problem
TRIBUNE NEWS PAPER
Experts call for facilitation of SMEs
ECC okays petroleum levy cushion plan
SBP to enhance scope of Islamic banking windows
Wait is over: Excise dept to expedite smart card registration
EXPRESS NEWS PAPER
OGRA proposed to enhance Rs.9 per liter on petroleum products
Value of dollar surged by 33 Paisas
Sindh Govt announced Eid-ul-Azha holiday from 31 July to 2nd August
Date: July 29, 2020
DAWN NEWS PAPER
NA committee slams ‘non-serious’ attitude to meeting FATF conditions
Global airlines less hopeful on Covid-19 recovery
Department of Transport & Mass Transit Government of Sindh “Public Notice”
THE NEWS INTERNATIONAL
Return filers to miss tax incentive without updating information
Pakistan receives $505mln from World Bank
Bank holidays
BUSINESS RECORDER
‘Exporters’ issues to be resolved on priority basis’
FPCCI urges govt to abolish 2.5pc regulatory duty on PFY
Russia, Pakistan need more steps to enhance bilateral trade: FPCCI
POL products, ECC approves proposal to revise prices on fortnightly basis
‘Banks should extend advances to individuals, enhance size of loans’
$505m received from WB for budgetary support
Project registered with FBR, First buyer of property not required to explain source of funds
Bearish trend witnessed on cotton market
Gold hits new high; equities struggle on virus fears
Hike in price of gold a sign of global economic crisis
Bank holidays
TRIBUNE NEWS PAPER
Pakistan compliant on ‘14 FATF action points’
Oil prices to be revised fortnightly
Pakistan receives $505m from World Bank
Air traffic return to normality not before 2024
EXPRESS NEWS PAPER
Suggestion to revisit the prices of Petroleum Products fortnightly
British Airways decided to restore their fly operation in Pakistan from Next month
Banks will remain closed from 31st July to 2nd August, 2020
Department of Transport & Mass Transit - Govt of Sindh, “Public Notice”
Date: July 28, 2020
DAWN NEWS PAPER
Ministry seeks plan to rationalise tariffs
FBR, provincial authorities discuss tax facilitation
Per-tola gold hits record Rs123,800
THE NEWS INTERNATIONAL
FBR, provincial tax authorities remain undecided on GST returns
Tariff rationalisation to start with six sectors in August: Dawood
Gold price surges 4.29pc to all-time high on global uncertainty
BUSINESS RECORDER
Export-led industrialization, Razak says tariff rationalisation vital
No plan to extend trade bodies’ tenure: Razak
Waqar Masood made head of ‘Subsidies Cell’
FPCCI for revamping power sector to overcome circular debt
Govt should adopt SOPs instead of shutting down business: LCCI
Punjab govt imposes complete lockdown till Aug 5
Cotton spot rate down further by Rs100 to Rs8150
Gold zooms to all-time peak as safety rush gathers steam
Gold posts highest-ever single-day increase
The FATF challenge
TRIBUNE NEWS PAPER
PTI govt to develop tariff rationalisation roadmap
Pakistanis alarmed by unemployment
Historic high: Gold spikes in local, global markets
EXPRESS NEWS PAPER
Importance of Gold enhanced due to reduction of interest rate in the world
Price of Gold on peak, per tola reached Rs.123,800
Further reduction of 39 paisas in the value of dollar, cost of per dollar 166.87
Date: July 27, 2020
DAWN NEWS PAPER
Needed: renewed focus on SMEs
THE NEWS INTERNATIONAL
Growth rate to be positive 0.5pc in fiscal 2020-21
BUSINESS RECORDER
Tax-to-GDP ratio declines to historic low
Widen SBP interest rate corridor by 350bps
Weekly Cotton Review, Prices witness significant decline
Power tariff increase
TRIBUNE NEWS PAPER
Withering economic growth?
EXPRESS NEWS PAPER
Pakistani firms enhance their roll in exports. World Bank
Corona, CAA issued travel advisory
PIA announced concessionary fare for domestic on the Eid-ul-Azha
Date: July 26, 2020
THE NEWS INTERNATIONAL
Traders need no tax incentive certificates for raw materials import
‘UK agrees in principle to continue EU trade facilities for Pakistan’BUSINESS RECORDER
National grid, KE seeks Nepra’s support to get additional power
PBIF chief slams increasing power tariff
No loadshedding during Eid holidays
Cotton spot rate falls by Rs50 to Rs8250
GAS SUPPLY CLOSURE ON SUNDAY INDUSTRIAL & CAPTIVE POWERTRIBUNE NEWS PAPER
SMEDA calls for facilitation desk at FCCI
Date: July 25, 2020
DAWN NEWS PAPER
No monetary policy till September: SBP
Motor vehicle tax
THE NEWS INTERNATIONAL
Businessmen being given incentives to boost exports: Razak Dawood
FPCCI opposes hike in power tariff
SHC directs K-Electric to end unannounced load-shedding in city
State Bank to hold next rate-setting meeting in Sept
State Bank facilitates businesses
Pakistan’s first virtual hospital launched to treat patients at home
UK businesses share top tips on working under Covid-19
BUSINESS RECORDER
Companies Act, Limited Liability Partnership Act, Govt decides to promulgate Ord to amend laws
Govt taking steps to boost exports by incentives: Dawood
APTMA urges Nepra to fix predictable tariffs
SHC asks KE to end ‘unannounced’ loadshedding, remove illegal connections
Lesco, Mepco explain loadshedding strategies
Taxpayers can submit election/options forms by 29th: SRB
EOBI introduces stakeholder’s facilitation initiative
MPC not to declare policy rate this month
Rozgar Scheme, SBP allows disbursement of salaries before Eid
Cotton spot rate down by Rs50 to Rs8300
Gold continues to another high
TRIBUNE NEWS PAPER
Power firms deny forced outages, MEPCO, LESCO rule out unannounced load-shedding, overbilling in their areas
EXPRESS NEWS PAPER
SBP provided financing facility to business entity
Trade agreement with UK should finalize. Seminar
Value of dollar reduced by 30 paisas
Price of gold surged by Rs.1400/- per tola, Gold per tola 118,700/-
Date: July 24, 2020
DAWN NEWS PAPER
Nepra threatens to cancel KE’s licence for ‘breach’ of contract
Nepra approves net relief of Rs4.5bn for consumers
Surge in complaints against banks
10-gram gold prices cross Rs100,000
THE NEWS INTERNATIONAL
TDAP gears up to launch virtual trade shows
Govt considering to withdraw generalised subsidies
Rs4.46 bn to be reimbursed to power consumers in Aug-Sept 2020
FBR constitutes committee to address Sindh concerns over tax
RTO-II Karachi collection jumps 25pc in FY20
Complaints against banks double to 1.5mln in four years: State Bank
Gold rates increase Rs2,300/tola
BUSINESS RECORDER
Increase in power tariffs approved by Nepra
KE CFO presents case on tariffs, Nepra formally issues show-cause notice
Mortgage system, PM for making subsidy provision process for banks easy
PBIF chief calls for controlling exchange rate
SBP conducts review of complaints against banks, FIs
High incidence of taxes on imports, Under-invoicing, smuggling on the rise
Cotton spot rate remains unchanged
Local car prices increase manifolds in two years
Three-day holiday on Eid-ul-Azha
TRIBUNE NEWS PAPER
NEPRA adjusts tariff to give relief
Pakistan's power generation doubles in June
Pakistan records trade surplus with Italy
SBP reviews complaints against banks and DFIs
SSGC defends Rs35 billion hit to national exchequer'
EXPRESS NEWS PAPER
Electricity consumers get relief of Rs4.46 billion for Aug & Sep
License of K-Electric may be cancelled or suspend
Holidays Eid-ul-Azha for 31 July to 2 Aug, 3 holidays. notification issued
Date: July 23, 2020
DAWN NEWS PAPER
Hafeez dropped from reconstituted NFC
SBP doubles financing for wind, solar energy
Gold continues to rise
THE NEWS INTERNATIONAL
Entire country facing gas-related issues: PM Imran Khan
FPCCI hails Sindh govt’s decision
Cotton growers likely to suffer due to heavy rains, whitefly attack
Tax collection on govt securities up 88pc
State Bank doubles financing limit for renewable energy projects
Gold rate surges to all-time high of Rs115,000 per tola
Pakistan must establish cybercity to capture fourth industrial revolution
Sindh introduces vehicle number plates with security features
Camera-readable vehicle registration plates to be introduced in Sindh
BUSINESS RECORDER
New notification, Hafeez removed from NFC
Discos, Nepra to approve increase in tariffs
Renewable Energy Refinance Scheme, SBP enhances financing limit to Rs2bn
PM directs placing gas- related facts before CCI
Two proposed SEZs, Sindh govt urged to provide state-of-the-art infrastructure
Prices remain stable on cotton market
Small businesses surviving pandemic thru Facebook
TRIBUNE NEWS PAPER
SMEs await new policy announcement
SBP extends scope of refinancing scheme
Inter-bank market: Rupee strengthens against dollar
Gold scales new peak of Rs115,000 per tola
EXPRESS NEWS PAPER
Improve infrastructure & focus on development work of Sindh Industrial Zones
TDAP organized Training Webinar for Exporters of Sialkot
Gold reached on its historical peak, per tola reached 115,000/-
Value of dollar further reduced by 27 paisas, cost of per dollar Rs.167.63
Mobile users in Pakistan exceed from 167,200,000
Date: July 22, 2020
DAWN NEWS PAPER
Nepra issues show cause notice to KE over loadshedding
Duty drawback payments being worked out for eight sectors
Big industry output plunges 25pc in May
Per-tola gold price soars to Rs113,500
Eidul Azha on Aug 1, says ministry
THE NEWS INTERNATIONAL
Under-invoicing in trade from China to Pakistan reduced, NA body told
LSM contracts 10.3 percent in July-May
Current account deficit narrows 77.9 percent in FY2020
RTO-II records 25pc growth in revenue to Rs105bln in FY2020
FBR allows clearing stuck cargoes against bank guarantee
Gold rates up Rs2,250/tola
BUSINESS RECORDER
CA deficit plunges 78pc in FY20
LSMIs May output plunges 24.80pc YoY
Duty drawbacks, Razak discusses progress on various MoC’s initiatives
Sindh govt urged to improve industrial zones’ infrastructure
FTAs, PTAs cause over Rs45bn loss: FPCCI
NA body informed, Rs5.5bn refunds issued to exporters
RTO-II surpasses collection figures for first time
KCA for resumption of hedge trading in cotton
Stable trend witnessed on cotton market
Nepra issues show-cause notice to K-Electric
Exports for economic growth
TRIBUNE NEWS PAPER
Pakistan's current account deficit contracts 78%
Pakistan's LSM sector shrinks 10.3% in Jul-May FY20
Gold hits new peak at Rs113,500
ICCI demands release of refunds
EXPRESS NEWS PAPER
Inspite cooperation of Federal, electricity crisis continue in Karachi
NEPRA investigation, issued show cause notice K-Electric
Need comprehensive planning to restore the business activities. Umer Rehan
Price of Gold continuously increasing, cost of per tola reached 113500
Reduction of 40 paisas in the value of dollar, cost of per dollar 167.90
Date: July 21, 2020
DAWN NEWS PAPER
Dawood directs enforcement of GI law to support SMEs
Gold continues upward journey
THE NEWS INTERNATIONAL
APTMA demands for gas supply, reduced rates
‘GI law to help SMEs go global’
Sindh transfers land possession of Dhabeji special economic zone
Rupee hits all-time low of 168.3/dollar on murky IMF program
BUSINESS RECORDER
APTMA for uninterrupted gas supply at reduced rates
Digital Global Apparel Expo , PREGMEA becomes first body to participate
Ex-chairman’s major facilitative measures, Businessmen, experts surprised at FBR’s new report
Sindh CM approves setting up of two SEZs
Fakhar discusses cotton hedging at PMEX meeting
Cotton spot rate down by Rs50 to Rs8350
World facing bankruptcy time bomb: study
TRIBUNE NEWS PAPER
Govt vows to revive sick industrial unit
Sindh CM approves setting up of two SEZs
Changing scenario: PRGMEA terms digitisation inevitable
SSGC troubles cost national kitty Rs35b
EXPRESS NEWS PAPER
SSGCL became institution which running under losses due to nepotism & political appointments
Make sure of uninterrupted Gas supply for Sindh & Baluchistan. APTMA
Record reduction in value of rupee as compared with US dollar
Date: July 20, 2020
DAWN NEWS PAPER
Population in Pakistan continues to grow rapidly: report
THE NEWS INTERNATIONAL
If inefficiencies continue: Circular debt to swell to Rs4,000 bn by 2025
Major fire breaks out at factory in Landhi Export Processing Zone
BUSINESS RECORDER
Electricity bill relief, Taxpayers required to obtain ‘certificate’ from Commissioner IR: LHC
Weekly Cotton Review, Prices remain stable
TRIBUNE NEWS PAPER
Pakistan's reliance on US for forex inflows
Potential of boosting Pakistan’s exports
Power cuts spark more protests across Sindh
PTI govt did not approve hike in drug prices: ministry
Petrol pumps in Sindh to remain open 24/7
EXPRESS NEWS PAPER
Due to Corona, we are facing very difficult situation. Razzak Dawood
Date: July 19, 2020
DAWN NEWS PAPER
Industrialists to challenge ECC decision on retrospective billing in Karachi
Public demand for dollar falls to historic low
Citizens demand reversal of KE privatisation, shutdown of illegal hydrantsTHE NEWS INTERNATIONAL
Textile mills amass cotton as normalcy returns
Income tax collection on exports sharply up 25pc in FY2020
Oil tankers call off strike after govt assurance on taxes
DRAP approves 7pc increase in essential drugs’ prices
The KE journeyBUSINESS RECORDER
PM performs business park groundbreaking
Business on cotton market remains stableTRIBUNE NEWS PAPER
PTI govt may be unable to subsidise gas prices
LCCI suggests reducing frequency of labour taxes
SBP governor to discuss business woesEXPRESS NEWS PAPER
No Govt has given attention to Karachi. Karachi Chamber
Oil tankers owner contractor association called off their strike
Interbank, value of dollar exceeds from Rs.167
Date: July 18, 2020
DAWN NEWS PAPER
NEPRA, Notice Regarding Public Hearing
THE NEWS INTERNATIONAL
Textile feels heat from utility outages
FDI jumps 88pc to $2.561bln in FY20
FBR reshuffles top members of tax machinery
Pakistan braces for another fuel crisis as oil transporters go slow
BUSINESS RECORDER
FPCCI opposes move to withdraw power subsidies
Combined income groups, SPI down 0.01pc WoW
KE to get additional 300MW from national grid
Oil tankers body defers strike call till 20th
Mixed trend witnessed on cotton market
TRIBUNE NEWS PAPER
Govt approves hiking drug prices by 10%
Electricity prices, tax reforms hurdles to restoration of IMF programme
Govt once again reshuffles FBR
Businessmen oppose power subsidy withdrawal
EXPRESS NEWS PAPER
Instructed to release 40 billion Tax Refund within two weeks
FPPCI opposed to withdraw subsidy on electricity
Govt accepted in senate that Tax on 1 litre Petrol Rs.47.86 & on Diesel Rs.51.41
Oil Tanker Association deferred strike. Petroleum Division
Price of dollar surged by 34 paisas
PTV fee enhanced from Rs.35 to 100
Date: July 16, 2020
DAWN NEWS PAPER
Govt raises Rs249bn, exceeding T-bill auction target
Future energy plan finalised amid provinces’ reservations
President tells K-Electric to ensure smooth supply to Karachi
KE chief blames loadshedding on power theft
Etihad to resume flight operations today
THE NEWS INTERNATIONAL
No respite for Karachiites as power outages continue
Low gas pressure in SNGPL system causes tripping of power plants
Nepra forms body to modify proposed IGCEP 2047
RLNG prices raised 6.4pc for SSGC, 5.7pc for SNGPL
K-Electric CEO apologises to residents of Karachi for frequent power outages
Fitch expects Pakistan rupee to average Rs171.15/USD in 2021
Pakistan’s population may be 314m by 2062: study
BUSINESS RECORDER
UBG rejects proposed shifting of FPCCI head office to Islamabad
EFP chief urges PM to cut gas price for industries
Hike in prices of RLNG notified
Cotton spot rate down by Rs100 to Rs8400
Arrears, current demand, FBR lists reasons behind Rs13bn fall in FY20 collection
Tax collection, FBR seeks corporate sector, rich class help
Housing finance, SBP sets mandatory targets for banks
2,100MW may be added to KE system over three years
NEPRA Ad, “Notice of Admission/Hearing”
TRIBUNE NEWS PAPER
Experts term Pakistan's energy capacity plan unrealistic
OGRA raises LNG prices by up to 6.35%
Foreign investors contribute Rs1.2tr tax revenue
Rupee to average at 163 against dollar in 2020: Fitch
'KE to invest $2b in system in next three years'
EXPRESS NEWS PAPER
Employers Federation demanded to reduce the Gas tariff
Oil Tanker Association announced strike for unlimited period
Pakistan will make progress by leaps and bounds through digitalization
In 2020, value of average dollar will be Rs.163
Sindh Govt announced to extension in lockdown for one month
Foreign airlines make covid-19 test mandatory for Pakistani travelers
Date: July 15, 2020
DAWN NEWS PAPER
Regulator proposes up to 6pc cut in gas prices
Pakistan set to implement single window system for trade
Need stressed for setting up institutions to look into interests of workers, industry
Nationalising KETHE NEWS INTERNATIONAL
Hike in gas, K-Electric tariffs deferred
Ogra to cut natural gas prices by 6pc
FBR to introduce simple form for filing income tax returns: chairman
LTU Karachi rejects favouring big firms in tax refunds
‘Textile sector totally ignored’
Gold prices down Rs350/tolaBUSINESS RECORDER
Govt-KE parleys remain inconclusive
Hike in prices, Gas utilities plea rejected by Ogra
NA Speaker informed, FBR to resolve issue of containers stuck at border areas
Teli seeks members’ support to shift FPCCI head office
Proposal to relocate FPCCI head office condemned
LCCI, taxation dept to maximize cooperation
SBP extends relaxations for branchless banking operations
Local cotton market remains bearish
Hydro resources, About 89pc of possible power production yet to be harnessed
Complexities of electricity marketsTRIBUNE NEWS PAPER
Envoy proposes trilateral trade bloc
E&T Dept opens facilitation centre at LCCI
Ogra reduces gas prices by up to 6%
Govt defers decision to hike power tariff in Karachi
Karachi's water woes continue
EXPRESS NEWS PAPER
Federal Cabinet deferred the price hike of Gas & K-Electricity for consumers
OGRA rejected the request for of Gas price hike
Resolve the problems of small exports. Sheikh Nisar Ahmed
The production of cotton bales to be expected 88, 40,000 in 2020-21
Rate of Gold reduced by Rs.350 per tola
Date: July 14, 2020
DAWN NEWS PAPER
IMF warns of aggravated regional slowdown
Merge K-Electric with national gridTHE NEWS INTERNATIONAL
Tax-to-GDP slips to 9.5pc despite marathon reforms
IMF lowers Pakistan’s growth projection for FY2021
Remittances hit all-time high of $23.12 billion in FY20
Public debt increases 9pc to Rs34.5trln in 11 months
State Bank revises AML/CFT rules
Car sales plunge 50 percent in JuneBUSINESS RECORDER
Remittances hit historic high of $23.121bn
NTDC’s ‘controversial’ plan, Nepra all set to hold hearing tomorrow
Month-wise actual RLNG volumes, Ogra empowered to allow recovery of revenue shortfall
AML/CFT regulations, Banks, DFIs told to update customers’ record
June passenger cars? sales plunge 52pc YoY
Motor vehicle, property tax, Minister urged to introduce e-payment system
Bullish trend witnessed on cotton marketTRIBUNE NEWS PAPER
Etihad increases number of flights for Pakistan
Car sales fall to lowest level since FY09EXPRESS NEWS PAPER
Businessmen rejected amendments in income tax rules
FPCCI Head office shifting is conspiracy. Hanif Gohar
Businessmen Group & Karachi Chamber have supported the shifting of FPCCI Head Office
Date: July 13, 2020
DAWN NEWS PAPER
Centre holds KE responsible for Karachi outages
PIA increases number of domestic flights
No FBR reform?THE NEWS INTERNATIONAL
FBR, Customs developing reforms plan for revenue generation
To meet FATF stipulations: SBP fines Rs1.68 bn on 15 banks for forex trading violationsBUSINESS RECORDER
SBP chief optimistic about forex reserves, rupee-dollar parity
NKATI founder Capt A Moiz Khan laid to rest
Key issues of businessmen to be resolved: FBR chief
BMP opposes proposal of shifting FPCCI head office to Islamabad
Exports: the great relocation?
Weekly Cotton Review, Prices of cotton remain stableTRIBUNE NEWS PAPER
Cross-subsidies in consumer energy tariff
EXPRESS NEWS PAPER
Date: July 12, 2020
DAWN NEWS PAPER
Confusion emerges on June export data
Rising food prices behind inflationary pressures: SBPTHE NEWS INTERNATIONAL
Textile sector frets over unsettled refunds, demands 4pc GST
Govt assures KE of prioritised fuel supply to overcome power crisis
Centre to take over K-Electric if performance not improved
No more unannounced load-shedding in Karachi, says Asad Umar
Airlines say virus test must for Pakistani travellersBUSINESS RECORDER
Textile exporters annoyed, distressed over imposition of 17pc GST
Income Tax Rules 2002, Industry in uproar over new rules issued by FBR
FPCCI concerned over inclusion of chemicals and dyes raw materials in Part 2 to Part 3
PFVA rejects proposal to shift FPCCI head office
NKATI demands uninterrupted gas supply for industries
Increased focus on debt reduction damaging economy: PBIF
Unscheduled loadshedding by KE to end from today: Umar
Extra 150MW being received from NTDC, KE carrying out prolonged loadshedding
KMC to get 50 fire tenders from federal govt, says mayor
Cotton spot rate remains unchanged
TRIBUNE NEWS PAPER
Textile exporters’ liquidity crunch hinders Pakistan's exports
Asad Umar suggests businessmen to use RLNG
In Pakistan, chemical & dye importers brace for losses
Cottage industry, retailers hit hardest by Pakistan's Covid-19 lockdown
‘No more unannounced power cuts in Karachi’EXPRESS NEWS PAPER
Value-added Textile sector facing financial crises due to non-release of Sales Tax Refund
Population wise Pakistan ranked 5th in the WorldDate: July 11, 2020
DAWN NEWS PAPER
Karachi industry slams increased loadshedding
KE may induct rental projects for limited period
FPCCI to shift head office to Islamabad
Committee to review import of goods at low rates
EOBI pensioners to get 10pc subsidy at utility stores
PPIF in collaboration with University of Health Sciences (UHS) & Launches the HELPLINE 03111000073THE NEWS INTERNATIONAL
CEO says in public hearing: ‘KE cannot be blamed for Karachi loadshedding’
Businessmen lose patience on gas suspension, consider exit
SRB explains services input tax
Dealing with the KE muddleBUSINESS RECORDER
K-Electric identifies ‘reasons’ behind power outages, Gas, FO not being supplied as per commitment
Loan obligations, Banks have deferred payment of principal for one year so far
Gas share to KE, Industrialists concerned over SSGC decision
CPEC project, Various proposals for new industrial estate/zone discussed
Cutting industrial gas supply ruthless: EFP chief
Cotton spot rate increases by Rs100 to Rs8500
Combined income groups, SPI up 0.98pc WoW
USC to facilitate EOBI beneficiaries thru Sahulat CardTRIBUNE NEWS PAPER
Businessmen demand uninterrupted gas supply
State Bank relaxes regulations
SBP to lessen documentation for SMEs
NEPRA appeal to probe Karachi outagesEXPRESS NEWS PAPER
Reduction in the Manufacturing Sector it’s likely to unemployed 27 million peoples
Tariff should be equal of K-Electric until the end of load-shedding
Karachi Chamber rejected Gas load-shedding
Industry demanded uninterrupted supply of gas
EOBI “Sahulat Card” holder will get 10% discount on Utilities StoreDate: July 10, 2020
DAWN NEWS PAPER
FBR admits blocking Rs532bn in refunds since 2014 to inflate revenue figures
IMF predicts economic recovery in Pakistan next year
PM asks aides to meet KE management to address Karachi’s power woes
Gold price rises furtherTHE NEWS INTERNATIONAL
SSGC announces load-shedding for industrial consumers
Import duty collection slips 7.4pc to Rs453bln in FY2020
FBR drafts concessionary rules for raw material import
KE in contact with business associations, highlights power supply challenges
State Bank gives investment advice
Forex reserves rise to $18.790blnBUSINESS RECORDER
FBR urged to provide details of pending refunds
FBR says revenue target achievable
FBR decides to allow importers to reclassify goods
Delay in refund claims, Inflated claims, unreported sales prime factors
Imposition of DSS on consumers, Govt fails to obtain parliament’s nod
K-Electric to get more supply from national grid
K-Electric, PM for early resolution of issues
?Business community facing demand shock?
Stable trend witnessed on cotton market
Foreign reserves stand at $18.8bnTRIBUNE NEWS PAPER
Tax refunds amount to Rs532b: FBR
Power cuts in Karachi to ‘end in two years’
Karachi and K-Electric - a flickering bond
Pakistan’s productivity lower than Bangladesh
SBP reserves rise $811m to $12.04b
Gold jumps to record Rs109,100 per tola
US bans PIA operations over licence issueEXPRESS NEWS PAPER
Volume of Tax Refund in Rs.532 billion. FBR
SSGCL will provide extra Gas to K-Electric
Restored old timing of Banks from 13 July, 2020
Rs.150 to 400 reduced in price of Cotton per 40kg
Value of dollar reduced by 18 paisas
Gold further expensive, cost of per tola reached Rs.109,100Date: July 09, 2020
DAWN NEWS PAPER
Rate slashed to 5pc for two SBP schemes
PIA’s regular flights to UAE being restored today
Gold price spike continuesTHE NEWS INTERNATIONAL
FPCCI ties new hydropower projects to energy, water security
State Bank cuts mark-up rates on refinancing facilities
Power utilities barred from charging tariff differentials
EOBI re-fixes minimum pension on FCCI demand
Gold hits all-time high of Rs108,300/tolaBUSINESS RECORDER
Companies Act 2017, Ordinance promulgated to withdraw six amendments
SBP reduces markup rate to 5pc for refinance schemes
Chief Commissioners and collectors, FBR chief issues first policy directive
Revenue Division Secretary, FBR chief assumes additional charge
KCCI, BMP urge PM to take notice of widespread protests, sit-ins
Indonesia to resume trade negotiations with Pakistan on FTA: ambassador
PIA resumes flight operations to UAE today
Shrinking GDP, growing poverty, Experts for countering impact of coronavirus on economy
Trading volume remains low on cotton market
? touches highest ever markTRIBUNE NEWS PAPER
SBP reduces mark-up on two schemes
PM aide raises questions over sale of DISCOs
Gold climbs to new peakEXPRESS NEWS PAPER
Standing Committee Meeting: criticized on FBR for did not disclose volume of Tax Refund
Prime Minister take notice of severe load-shedding. KCCI
Federal Govt resolve the problem of low Gas pressure. Ismail Sattar
Gold price reached on historical level per tola Rs.108300Date: July 08, 2020
DAWN NEWS PAPER
As interest rates rose in FY20, money poured into govt securities: SBP data
Debt deferment facility extended till Sept 30
Extension for filing Annexure-H
Suzuki raises Alto, two-wheeler prices
Dubai reopens doors to tourists after long shutdownTHE NEWS INTERNATIONAL
Trade deficit shrank to $23.18 bn in fiscal 2019-20
State Bank extends availability of loan deferment facility
Banking deposits grow 12pc, advances up 1pc in FY2020
CRTO Karachi launches E-Katcheri
PIA further reduces its fares for domestic flights
NEPRA “NOTICE OF ADMISSION / HEARING”BUSINESS RECORDER
Export-oriented industry: TMA calls for continuation of tariffs
Pak exports less hit than those of India, BD: Razak congratulates exporters on good performance
SBP extends deferment of principal amount of loans till Sept 30
Low gas pressure to Hub industries: EFP urges federal government to take notice
Raw cotton exports register 9.93pc decrease
Business remains stable on cotton market
EOBI pensioners to get 3-month arrears in August
PIA further cuts domestic fares
Dubai reopens doors to tourists after long shutdownTRIBUNE NEWS PAPER
Pakistani exporters seek extension in concessions
Pakistani businessmen urge PTI govt to ease financial stress`
Penny wise, pound foolish: PTI govt forms company for trade
POL prices hiked to protect revenues
Covid-19 boosts digital economy, e-commerce in Pakistan
Start-ups hit hardest by pandemic in Pakistan
Sindh Workers Welfare Board presents budget
EXPRESS NEWS PAPER
Demanded in extension of concessionary tariff of Electricity, Gas & RLNG
Decided to set up New Company for collection of Customs dues
FBR extended filing of Form H date up to 31 July
Showed deep concerns by Chemical & Dyes Sector for ignored their proposals
Country export only 6% declined as compare with 2018-19 export. Razzak DawoodDate: July 07, 2020
DAWN NEWS PAPER
Foreign investors see improvement in security
PIA to charge less on domestic travel
Anti-Covid drug to be available in three weeks
NEPRA Ad, "Notice Regarding Public Hearing"THE NEWS INTERNATIONAL
FBR paying refunds through supplementary grants
LCCI, APTMA slam load shedding
LTU Karachi exceeds June target by Rs8 billion
Ogra set to become dysfunctional from July 17
Pakistan resumes LNG spot buying as demand surges
Foreign investors concerned over spike in street crimesBUSINESS RECORDER
Power outages, low gas pressure causing production losses: APTMA
Commissioners reluctant to issue Exemption Certificate
Protection of local industry, ‘Revenue generation prime objectives of existing tariff structure’
Customs officers, investor booked in tax evasion case
FPCCI for promotion of trade among ECO countries
OICCI Security Survey 2020, Foreign investors upbeat about improved security environment
Post-coronavirus scenario, ILO will convene special session tomorrow
PCDMA urges FBR to remove budget ‘anomalies’
Assets Declaration Scheme, FTO receives 335 complaints of taxpayers
Filers and non-filers, FBR urged to abolish distinction
Single, harmonized, integrated VAT-based ST regime, FBR gradually moving towards adoption
Bullish trend witnessed on cotton market
Nepra takes notice of complaints against KE
NEPRA Ad, "Notice Regarding Public Hearing"TRIBUNE NEWS PAPER
Govt to withdraw all general power subsidies
Hub industries complain of low gas pressure
Businessmen dismayed by energy supply issues
SBP sets up help desk for businessmenEXPRESS NEWS PAPER
Decided to enhance cost of electricity 14% & abolish the subsidy of electricity
F.B Industrial Area: production process affected due to low gas pressure
Domestic demand of cotton & upward trend in price of cotton
Value of dollar enhanced by 51 paisas
PIA safety rating went on bottom, given single star in ratingDate: July 06, 2020
DAWN NEWS PAPER
Let’s watch exchange rates closely
The fault in our linesAPTMA AD, “SALUTATIONS”
THE NEWS INTERNATIONAL
BUSINESS RECORDER
First digital apparel sourcing expo to begin from 15th
Weekly Cotton Review, Market remains bullish
Load shedding déjà vu: fix the discos!TRIBUNE NEWS PAPER
Budget and development priorities
Financing development, other key expenses
Water woes : Completion of K-IV still a distant dream
ILO to evolve strategy for laborers’ well-beingDate: July 05, 2020
DAWN NEWS PAPER
Delay in tax refund worries exporters
FBR gets fourth new chair in two yearsTHE NEWS INTERNATIONAL
No relief for Karachiites as 12-hour power outages continue in several areas
No loadshedding in Karachi, claims K-Electric
IR officials empowered to recover overdue non-tax revenue
Rupee may firm up furtherBUSINESS RECORDER
Textile exporters perturbed over delays in GST refunds
Exporters reject hike in electricity tariff
Senior Member Customs Policy given charge for 3 months, FBR chairperson transferred
Bullish trend witnessed on cotton marketTRIBUNE NEWS PAPER
4th FBR chairman shown the door in 22 months
Over 54% Pakistanis face pay cuts or layoffs
Sindh opposes KE tariff hike amid power cutsEXPRESS NEWS PAPER To save from Corona automatic machine introduced for hand wash
Date: July 04, 2020
DAWN NEWS PAPER
ECC approves up to Rs2.89 per unit raise in KE tariff
Taxes, duties on raw materials to be phased out
Foreign investors buy T-bills worth $51m in June
Emirates resumes service to four cities
THE NEWS INTERNATIONAL
Trade deficit narrows 27pc in FY2020; exports falter
Adviser stresses tariff rationalisation for ‘Make-in-Pakistan’
FBR asks retailers to deploy online invoicing system till Aug 31
$6 bn IMF programme: Govt needs to do electricity, gas tariff adjustments
ECC approves hike in K-Electric power tariff to Rs2.89 per kWh
Governor Imran Ismail berates KE for failing to keep promise to end power cutsBUSINESS RECORDER
KE’s monopoly must be abolished: Teli
Power supply hamstrung by system constraints
Registration made mandatory for professional clearing members
Tier-1 retailers’ point of sale, FBR extends date for online integration
Cotton spot rate remains unchanged
Weekly inflation jumps 2.29pcTRIBUNE NEWS PAPER
Trade deficit narrows to $23.2bd
Govt okays hike in K-Electric tariff
Industrialists urge govt to end KE’s monopoly
Banks, exporters can unite to tackle Covid-19GOVT OF PAKISTAN AD “PAKISTAN’S FIGHT AGAINST COVID-19”
EXPRESS NEWS PAPER
Inflation increased by 2.29% & reached 9.77%
Karachi Chamber rejected hike in power of Rs.2.89
Record has been set up of severe load shedding. Siraj Qasim Teli
Value of dollar further reduced, per dollar reached Rs.167Date: July 03, 2020
DAWN NEWS PAPER
Exports show signs of revival as pace of decline slows in June
ECC to take up K-Electric tariff increase today
SBP to automate refund payments
Rupee edges up Rs1.17 vs dollarTHE NEWS INTERNATIONAL
‘June exports recover from double-digit downward trend’
Sales tax collection on imports up 13.5pc in FY20
FBR, Sindh authority fail to resolve tax collection issue
Businessmen want ‘no lockdown’
Forex reserves rise to $17.971blnBUSINESS RECORDER
2020-21, Govt may not refund 17pc ST, exporters fear
Reasons behind lower exports identified
Automation of tax refunds project: SBP seeks industry’s input
Business community rejects lockdown extension
Customs enforcement collects record Rs4,172.59m duty
Bullish trend witnessed on cotton market
Finance Act 2020, Lack of initiatives & innovations — ITRIBUNE NEWS PAPER
‘Pakistan's exports showing signs of recovery’
Pakistani exporters fear tax refunds will remain stuck in FY21
SBP seeks input on tax refunds project
ECC to approve hike in K-Electric tariff
Rupee recovers 1.17 against dollarEXPRESS NEWS PAPER
Governor SBP conducted online meeting with FPCCI, discussed to make automated system for tax refund
Karachi Traders announced to open markets for today
Profit rates enhanced on saving certificates, reduction for short-term
Period of six month extended to cash 40,000 prize bondDate: July 02, 2020
DAWN NEWS PAPER
Fresh projects put on hold till finalisation of power capacity expansion plan
PIA barred from operating out of three UK airports
Inflation rises to 8.6pc in June
Gold hits new peak of Rs105,200THE NEWS INTERNATIONAL
Finance ministry iterates State Bank’s autonomy
Consumer inflation rises to 8.6 percent in June
New State Bank rules for Rs40,000 bonds
FBR collects Rs82 bn more than revised target
Inflation rate soars to 8.6pc in June
Cabinet approves increase in EOBI pensionBUSINESS RECORDER
Manual issuance of IT refunds allowed
Defer repayment plea of principal loans amounts, Three-month extension to NBMFCs allowed
June inflation rate edges up slightly to 8.59pc YoY
Govt fails to achieve exports target
SRB collects Rs105.9bn during 2019-20
Time limitations, FBR allows condonations up to Dec 31, 2020
FBR CECR collects Rs4,172.59m in June
KCCI chief urges govt to simplify procedures for starting a business
APCAA urges DGTO to allow elections process through electronic balloting
FY2019-20, MCC JIAP revenue target surpasses by 23.16pc
KCA announces spot rate at Rs8400 for new cotton crop
Manufacturing slump eases as world emerges from pandemic
Sindh extends Covid-19 lockdown for 15 days
POL price ‘bomb’TRIBUNE NEWS PAPER
Reforms needed to boost e-commerce in Pakistan
SRB collects over Rs105b in revenue
Inflation soared to 10.7% in FY20
Gold continues to set new recordsEXPRESS NEWS PAPER
Karachi Chamber rejected further extension in Sindh lockdown
To start new Business make ease. Agha Shahab Khan
Gold reached on its new peak, cost of per tola Rs.105200
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