News Clipping - Archives June 2014
TMA HEAD OFFICE
DATE 30th-June-2014
DAWN NEWS
India was first to impose travel restrictions
Textiles yet to reap benefit of GSP Plus
THE NEWS
Pakistan at No10 on fragile states list
Six hours a day loadshedding plan under threat
B RECORDER
No proposal to cut standard rate of ST: FBR
India's small retailers oppose foreign investment in e-commerce
DAILY EXPRESS
Bank will remain open today to collect taxes
Catpheic and emirates and ithead air lines suspends air line from Karachi and Peshawar
Investigation report of revenue data delayed
I lac persons will be trained in textile sector
Govt should take steps to reduce imports and increase exports
TMA HEAD OFFICE
DATE 29th-June-2014
DAWN NEWS
Revival of Pak-India trade talks to be discussed next month
‘Textile industry confronting problems’
CNG sector seeks fair treatment
Sindh raises stamp duty on LCs opening
SITE units face low gas pressure
THE NEWS
Only one person to receive or see off passengers at airports
Ogra increases tariff of gas companies
Only one person to see off or receive air passengers
Sindh rejects hike in vehicle registration tax
RTO asks withholding agents to pay penalty
TDAP invites commercial diplomats to participate in Expo Pakistan
Bureau of Statistics irks exporters
SITE industrialists concerned over low pressure of gas supply
Aptma Punjab warns against worsening crisis
B RECORDER
$26 billion export eyed: MoTI finalises new Textile Policy draft
Industrialists irked by low gas pressure
Government told to notify rates of power Tariff
Gas office to be set up, Asif tells Sialkot Businesspeople
APTMA irked by spectre of power Loadshedding
Only one person can see off, receive passengers at airports
DAILY EXPRESS
Citizens worried by increasing withholding tax on motor registration by 900%
Auditor general certified corruption is state SBP
Pak-India trade can be increased by 2 billion dollars
TMA HEAD OFFICE
DATE 28th-June-2014
DAWN NEWS
Ogra proposes slight increase in oil prices
Nisab-i-Zakat fixed at Rs38,810
Banks earn Rs5.3bn illegally: report
Govt striving to boost industrial sector: Jatoi
Textile skill development plan for youth
Extended blackouts during Ramazan feared
THE NEWS
Senior Customs and IR officials assume charge
ECO-CCI members refuse to visit Pakistan
Collectorates to facilitate trade on holidays
FBR imposes 5pc regulatory duty on 282 luxury items
LCCI opposes 4-day bank holidays
Women labourers increase without empowerment
B RECORDER
New Fifth Schedule: no duty concession on machinery import
29 officers of Inland Revenue Service Promoted
APTMA to launch internship programme
125 multinational businesses: FBR fails to recover Rs 29.588 billion FED
Garments, textile sectors: six working groups formed to increase exports: Shahbaz
Power shortfall reaches 4,000 Megawatts
KATI seeks latest arms for police
Setting up industries in Fata: Zero percent duty to be applicable on machinery import
DAILY EXPRESS
5 point agenda placed to get benefit from GSP+
APTMA announced to give vocational training to youth around the country
Political instability is the Obsctacle towards economic development
Banks to remain open on 1st Ramadan
No reeducation in GID cess rate
TMA HEAD OFFICE
DATE 27th-June-2014
DAWN NEWS
Hike in wellhead gas price to deprive provinces of GDS
Foreign investment may pick up in 2015
Textile policy to promote value-addition
Pakistan market potential highlighted
Inspection tensions add to Bangladesh garment industry’s woes
KWSB, KE told to ensure uninterrupted Supply
THE NEWS
FBR to issue tax cards for property transactions
Finance ministry challenges figures given in report by The News
Power, water utilities told to get their act together
Forex reserves rise to $14.2bn
Leather exports decline by 14 percent
Economists concerned over accumulation of external debt
‘Additional $3bn textile exports during next two years’
SSGC doubles efforts against thieves
B RECORDER
Import of 282 luxury items: five percent RD imposed
SRO.575(I)/2006: duty concession on imports withdrawn
FBR issues seven pending ST Notifications
Forex reserves cross $14 billion mark
Made in Pakistan Expo 2014 to fetch big export orders: PRGMEA chief
PTA body chief urges government to exempt exporters from GIDC
Property registrations: Karachiites coerced into paying Rs 15 billion estimated annual bribe
Tax collection from 28th to 30th June: Banks' authorised branches to remain open for extended hours
Policy Note issued: CCP focuses on GIDC levy and not gas cut: experts
S.R.O.565 (I)/2006: IOCO empowered to deal with importers' issues
DAILY EXPRESS
Rs 38,810/- Fixed for zakat deduction
5% duty levied on import of Curd honey and vegetable
Concern banks branches to remain open Saturday and Sunday to collection taxes
Forex reserves cross $14 billion mark
Sugar free deinks does not reduces weight
To archive tax target RS 138.66 billion is required within 4 days
TMA HEAD OFFICE
DATE 26th-June-2014
DAWN NEWS
Amin Fahim gets protective bail in TDAP scam case
THE NEWS
Amin Fahim granted protective bail in TDAP scam
APCNGA wants 12-hour gas supply five days a week
Chemotherapy to get less painful
PA passes budget sans GST on health, education
Police start monitoring foreigners’ movements
FBR serves show cause notices to senior IRS officers
Emirates, Etihad suspend flights
Chinese firm to invest in Textile City
Pakistan needs competitive freight services: experts
B RECORDER
Finance Act 2014: President gives his assent eagerly
Cotton sowing target fixed at over 6 million acres of land
Economic revival: PIAF seeks conducive atmosphere for trade, industry
MoU between TPO, TDAP in pipeline: Vietnamese Trade Mission seeks enhanced trade volume
Post-budget seminar: experts term Sindh budget 'jugglery of figures'
Incompetent Customer Care Centre:KElectricb consumers complain about hardship in lodging complaints
Continuation of GSP plus status: PBC for ensuring compliance of 27 Conventions
Textile City Karachi: Chinese group shows investment interest company
Concealment of facts: FTO orders contempt proceedings against complainant
Lab testing of fabric consignments: customs mulls lodging FIRs against 100 importers
Sindh Finance Bill 2014 adopted Unanimously
India moves to set up industrial parks with China
DAILY EXPRESS
Due to EU+ package textile exporters increased
Due to reduction in tariff of fabrics corruption is increasing
Indonesian consul general emphasized on focusing Pakistan soft image
KATI spending on police patrolling RS 22 lacs monthly
All facilities will be given to foreign inventors
TMA HEAD OFFICE
DATE 25th-June-2014
DAWN NEWS
EU seeks duty removal on raw material
Nepra cuts power tariff by 82 paisas
THE NEWS
Govt to regulate LPG sector under new policy
Majority stalls booked in Mumbai expo
LCCI demands cut in discount rate
B RECORDER
Recovery without evidence of authority: banks urge FBR chief to rein in his field officers
Seven types of transactions: non-filers of tax returns to pay enhanced WHT rates
'Taxpayers yet to get income tax credit worth Rs 5.5 billion'
Debate on budget 2014-15 concludes: Qaim for introducing agriculture income tax soon
Expansion of BCI cotton to boost textile exports: APTMA
APBUMA hails two-year extension in SRO 809
Socioeconomic uplift top priority: Dastgir
LCCI urges SBP to bring down discount Rate
Pakistan wants better ties with neighbouring countries: Dar
EU assures continued support for Pakistan
Electricity tariff: Nepra approves 82 paisas per unit decrease
DAILY EXPRESS
Chief Minister sindh announced to impose agriculture income tax
Business community demands reducing interest rate by 3%
Trying to remove trade barriers
TMA HEAD OFFICE
DATE 24th-June-2014
DAWN NEWS
Emirates to seek damages over Qadri episode
Sindh seeks its share in unutilised GIDC
Sales of refrigerators split ACs double
Cut in agriculture tax suggested to expand tax net
THE NEWS
‘Private chartered flights can earn up to $500m per annum’
Foreigners encouraging local investment
Ten companies participate in SAITEX, AB7
B RECORDER
Interest on loans, T&D losses: government wants to recover Rs 89 billion from consumers
LCCI hails Punjab government on revival of economic activities
E-filing of returns: taxpayers face problems in adjustment of ST
Foreign investment net inflows surge to $3.712 billion in 11 months
'Maulvi-Chaudhry alliance becomes laughing stock
Distinction between filers and non-filers
Worsening law and order situation: KCCI to approach Prime Minister for army's deployment in Karachi
Under-invoicing rampant on imports from UAE
Budgetary measures: FBR to issue 10 notifications after MoF nod
DAILY EXPRESS
GSP Plus, exports to Europe will be more than expectation
Without consultation with provinces 3 slabs of general sales tax has been levied
Action plan has been chalked out to achieve exports target up to 50 billion dollars
1 million visited my Karachi exhibition
Gas tariff to be increased from 1st July
Sindh Govt had reservation on collection of GID cess
TMA HEAD OFFICE
DATE 23rd-June-2014
DAWN NEWS
Remittances rose to $12.89bn in 10 months
THE NEWS
WHO sounds caution for S Arabia visit
B RECORDER
Eleventh International 'My Karachi Exhibition' concludes
Prices of POL products unlikely to change in July
DAILY EXPRESS
Textile sector demands separate utilities tariff
Mobile phone sets gathered from vendor to receive tax proposal
1 lakh 20 thousand FBR has issued notices to tax evaders
Sat, gradually, the energy crisis and the downturn in gas tariff hike Cotton Markets
Govt should decide whether cellular companies are impotent on human lives
Trying built on agenda of country’s economic strength
TMA HEAD OFFICE
DATE 22nd-June-2014
DAWN NEWS
NA passes budget, eulogises Benazir
New FED rates Amendments introduced toFinance Act
THE NEWS
NA passes federal budget;opposition’s amendments rejected
Pakistan faces challenges in boosting economic growth
FPCCI opposes expulsion from KPT board
B RECORDER
Finance Bill sails through: tax-relate amendments moved by treasury approved
NDMA status: government asked to link trade liberalization to core issues
FED rates on domestic air travel fixed
Amended Finance Bill specifies Taxation Measures
Tax evasion case another man arrested
DAILY EXPRESS
Opposition finance the federal budget bill passed the National Assembly rejects amendments
Production of large scale industries increased by 4.3% between Julys to April
A total of seven industrial zones convened meeting of unrest organizations
TMA HEAD OFFICE
DATE 21st-June-2014
DAWN NEWS
K-Electric rejects Nepra’s allegations
57 proposals to Finance Bill accepted
Textile industry seeks GIDC withdrawal
THE NEWS
Minimum wage increased to Rs12,000
Duty-free imports go up, average rate falls during July-May
Nepra accused of committing contempt of court
Govt urged to review investment policy
KCCI to prepare action plan after kidnapping of businessmen
'PRBF helping boost Russia, Pakistan trade’
B RECORDER
Sitara Chemicals to set up 35MW powerplant at Faisalabad
Finance Bill 2014: Dar reviewsamendments proposed by MPs
Textile exports in peril: country may misscotton sowing target
Brief on amendments proposed inFinance Bill 2014
DAILY EXPRESS
Pakistan's trade deficit with India exceeds U.S. $ 1 billion 47
TMA HEAD OFFICE
DATE 20th-June-2014
DAWN NEWS
K-Electric bosses ordered over-billing, says Nepra
Reserves increase to $13.571bn
Incentive scheme for overseas Pakistanis
Home dept sets up helplines, email
THE NEWS
Current account deficit widens to $2.57 billion
‘Doing business challenging in Pakistan’
Forex reserves rise to $13.5bn
‘Around 80 percent population living below poverty line’
CRPC concerned over tax reforms
SAI concerned over FBR officers powers
‘Efforts being made to enhance trade’
B RECORDER
Export refinance limits extended for two Months
Increased revenue collection: GIDC, GDS put under ''other tax revenue'' head
Textile industry: APTMA ready to mainstream sustainability: Ahsan
Textile sector rejects revised GIDC
''ATL'' unveiled for IT deduction at Source
Concessions in the proposed budget
LTU attaches bank accounts of 17 firms to recover Rs 18 billion taxes
DAILY EXPRESS
Industrialist’s demands placement of Army in 7 industrial zones
Fixation of minimum wage through finance bill is illegal
Foreign exchange reserves increased by $ 11.43 million
List of 8 lacs active tax payer’s deductions at sources announced
Overseas Pakistan can play role in country’s developments
Enhancement of powers of FBR officers not acceptable
Taxes levied in mobile phone services be reduced
TMA HEAD OFFICE
DATE 19th-June-2014
DAWN NEWS
Polio debacle
TDAP, Indian minister dicuss trade
THE NEWS
Privatisation in line with previous govt’s plan, says Dar
IHC stays 15pc extra sales tax on CNG stations
TDAP to reprise ‘Lifestyle Pakistan’ in New Delhi
Ukrainian Chamber chief calls on FPCCI president
‘SMEs development key to economic prosperity’
Revised GIDC unacceptable, illegal: Baig
B RECORDER
Enhanced rates of WHT for IT non-filers: banks term government moveimpractical
Exemption notifications: entries transposed to relevant Schedules of Customs Act: FBR
Paapam seeks withdrawal of alternative minimum tax
Astana all set to organise EXPO 2017
Textiles development collaboration: Pakistan, Tajikistan ink MoU
TDAP plans second edition of Lifestyle Pakistan exhibition in New Delhi
Subsidies remain a concern: changes in tax laws not likely to impact revenue
KCCI finalises arrangements for 'My- Karachi Exhibition'
Bank AL Habib offers higher monthly Returns
Finance Bill amended: restriction on ST input tax adjustment removed
Soft drinks maker invests in Pakistan, Egypt, sees big sales growth
Imports from China in 2013: study reveals $3.3 billion under-invoicing, misreporting
DAILY EXPRESS
Bribes in exchange for issuing medical certificates from hospitals revealed
The government does not pay for electricity, Ahsan Iqbal
Under-Invoicing aurms imported from China in 2013 Reached U.S. $ 3.3 billion in the reporting
TMA HEAD OFFICE
DATE 18th-June-2014
DAWN NEWS
Nepra may change terms for domestic Consumers
Dar extends relief package to boost exports
Trade chambers seek GIDC withdrawal
THE NEWS
Incoming calls to Pakistan to cost less
TDAP scam: Ex-PM Gilani gets bail in 12 corruption cases
Sugar impacts brains of kids, adults differently
Gas surcharge, additional tax on cement withdrawn
FDI inflows remain lacklustre in 11 months
Cathay Pacific to suspend Pakistan operations from 29th
FBR, provincial authorities’ agreement violated
B RECORDER
Gas cess reduced, agriculture sector given relief
Rs 250 ST imposed on SIM cards
Fiscal Year 2014 tax target: FBR required to collect Rs 170 billion in 13 days
Pakistan-India trade: 'government committed to addressing concerns of businessmen
Industrialists seek review of 'abnormal' increase in GIDC
Fazal Mahmood assumes charge as Director, EPD SBP
LCCI urges FBR to stop harassment
MQM proposes cut in indirect taxes to disburden the poor
Man involved in issuance of fake invoices held
Pakistan, India to resume trade talks next month
DAILY EXPRESS
Far reaching reforms in taxation system is being introduced
FBR assured FPCCI for reducing gas tariff
Atmosphere of industrialisation in sindh favorable
Imposition of 2 new taxes on CNG sector is in justice
Country 8 chambers demands total abolition of GIDC
TMA HEAD OFFICE
DATE 17th-June-2014
DAWN NEWS
Gradual increase in GIDC under Consideration
THE NEWS
Budget deficit likely to surge by 0.9 percent
Sindh imposes sales tax on education, health services
‘Economics of war to benefit industries’
‘Politicians wasting Pakistani entrepreneurial spirit’
Exports to Japan historically high
B RECORDER
All sources and sectors: Senate for imposition of income tax on all taxable incomes
Provincial budgets contain disparity in ST rates on services
KCCI, KATI urge government to deploy army all over Karachi
Commercial counsellors: PIAF welcomes TDAP to fix export targets
New gas connections: about 1.5 million applications pending with SNGPL & SSGC
Nepra asks KCCI to hold hearing on power issues
Punjab ginning units: arrival of phutti marks beginning of cotton season
Selection of case for audit: IRCommissioner commits error: FTO
ILO official urges implementation of ILS
DAILY EXPRESS
Cotton ginning of the new season started in Pakistan
Waziristan operation announced full support of small traders
Consider approval of the budget mujudana mlyzktm
Budget to address concerns from the business community Shamil Daood
TMA HEAD OFFICE
DATE 16th-June-2014
DAWN NEWS
FBR revision of targets slashed Sindh’s uplift budget: official
Minimum wages: issues to consider
Removing cobwebs in Indo-Pak trade
THE NEWS
BD accuses 17 over factory disaster
Indo-Pak financial facilitation
‘New and revised taxes to generate Rs3.2bn every year’
B RECORDER
Wal-Mart to launch e-commerce platform in India
Bangladesh exports up 7 percent on garment sales
17 accused over disaster factory Construction
DAILY EXPRESS
Sindh, at most 5% of patients treated in private hospitals pay income taxes
TMA HEAD OFFICE
DATE 15th-June-2014
DAWN NEWS
International Trade Exhibition
Businesses urge govt to revise proposed tax Hikes
Federal budget for next year reviewed
THE NEWS
FDI sees dramatic fall in six years: economists
Misleading data keeps economy on its toes: experts
FPCCI terms terror attack serious security lapse
B RECORDER
Budget termed non-growth oriented: Chambers decry new taxation measures
Proposed Punjab IDC may increase cost of production
Punjab chief minister rejects IDC
B2B meetings: LCCI team leaves for France, Germany
Security threats: Customs employing highly controversial measures
Excessive loadshedding in Faisalabad: Abid Sher Ali, trade leaders exchange Barbs
DAILY EXPRESS
Budget appease the IMF was seen, All Pakistan Chambers
Arrangements completed to overcome power crisis
Pak-Romania enhanced by 10 times during 3 years period
TMA HEAD OFFICE
DATE 14th-June-2014
DAWN NEWS
Senate committee calls for freezing power Tariff
THE NEWS
Rs14 bn Sindh deficit budget announced
Punjab slaps more taxes on luxury houses, cars
Government to add 575MWin the system next year
GIDC termed unconstitutional; withdrawal urged
Mobile interbank fund transfer service launched
B RECORDER
Sindh seeks to reduce sales tax on Services
Increase in FED rate: MoF rejects FBR Proposal
K-E installs new low-cost meters in underprivileged areas
SMEs in Southern Punjab hit by power Loadshedding
Five-day CNG suspension hits people Hard
Qaim urges government to withdraw GIDC
Prolonged loadshedding gives boost to sale of generators and UPS
GSP Plus: governments directed to implement International Conventions
There must be no raise in tariff in presence of power loadshedding: proposal by Senate body
DAILY EXPRESS
10% increased in salary and pension
Value added textile exporters will get RS 180 billion incentives
Restricting of TDAP begins
TMA HEAD OFFICE
DATE 13th-June-2014
DAWN NEWS
Cathay Pacific clarifies report
Exports slip in May amid energy shortages
Sindh urged to boost agri tax collection
THE NEWS
Gold prices may plunge to five-year low
Forex reserves post nominal increase
IPR identifies taxes to boost provincial revenue
Sindh should ensure tax collection on agri income: FPCCI
LCCI Achievement Awards in August
B RECORDER
Forex reserves to cross $14 billion mark by month-end: Dar
Cars exceeding 1800cc: FED withdrawal to boost ST collection: Bajwa
Corporate tax cut to 20 percent for foreign investors: Senate body told
Whether power supplied or not?: Consumers have to make regular payment of bills
Budget 2014-15: Punjab government to avoid any new tax
Prime Minister to be chief guest at LCCI Achievement Awards ceremony
KMC to set up Polio Vaccination/Travel Care Centre
Power shortfall crosses 8,000 megawatts Mark
Making industrial zones: crime-free Industrial bodies taking steps on selfhelp Basis
MCCI hails PSJCCI newly-elected body
Cathay Pacific Airways still operating to Karachi
Trade deficit shrinks by 5.66 percent YoY
DAILY EXPRESS
Forex reserves to cross $14 billion mark by month-end Dar
Exports exceeds to 23 billion US$ 11 moths
Saarc chamber delegation left for New Delhi
TMA HEAD OFFICE
DATE 12th-June-2014
DAWN NEWS
New layer of super bureaucratic cadre planned
Investment in Pakistan to improve
Duty on imported cotton opposed
Plan for cotton seed development
THE NEWS
Power sector close to collapse under Rs513.37 billion debt
Importers uncertain about compensation
Remittances grow by 12.37pc to $14.33bn
FIA seeks TDAPs exhibition spending details
Change in Pak-China Economic Corridor route opposed
Govt to allocate Rs80bn in textile policy
Protectionism to local industries opposed
SECP advises public sector companies
Nadra to deploy VERISYS in LCCI
Aptma complains of low gas supply
B RECORDER
ST not applicable on edible items Senate body told
Nepra blamed for rising problems of K-Electric consumers
APTMA seeks gas supply at optimum pressure
Nadra to provide Verisys system to LCCI
Power shortfall surges to 3300 megawatts
KAP incident sends negative signal abroad TDAP chief voices concern over increase in GIDC
Proposed textile policy 2014-19 government eyes on increasing exports by $2 billion each year Afridi
Economic corridor Country to benefit from uplift in west China Ahsan
International tax treaties no powers to look into highly contentious matters FTO
PCDMA slams customs tariff hike on import of dyes
APTMA points out several anomalies in budget
Eradicating child labour a global challenge
Rs 120 billion target for fiscal year 2014 government collects Rs 70 billion GIDC
World Bank estimates 3.7 percent growth for 2013-14
Cathay cancels Karachi flights
Over $14.33 billion remittances received in July-May
TMA HEAD OFFICE
DATE 11th-June-2014
DAWN NEWS
Hike in gas levy, power tariff opposed
Incentives to boost textile exports by $2bn: Minister
Sindh budget to be announced on 13th
THE NEWS
FBR to get powers to raid tax evaders without warrants
‘MFN status after transition of Indian govt’
FPCCI demands uniform tax rate on rental income
Probe by Indian intelligence agencies termed a major non-tariff barrier
Govt flayed for poor economic management
Raise of 200pc in GIDC illegal: Baig
Language classes start at PCJCCI
Aptma Punjab contemplates shutting down mills
KCCI demands stronger action against lawlessness, crime
Farmers abandon cotton for higher profits
B RECORDER
Dar criticised for failing to revive wealth tax, raising GIDC
Government decides to set up Exim Bank
Power shortfall jumps to 3600 Megawatts
Australian HC calls for expanding trade Ties
Budget protects financial interests of the rich: AKTI
SITE body chief rejects hike in gas price
Sindh chief minister to present budget on June 13
Foreign missions announce travel Warnings
Withdrawal of duty on dyes: Kamal seeks Afridi's intervention
Water supply to city hit by unannounced Loadshedding
Industrial, business community for steps to improve law, order
TDAP holding second edition of 'Lifestyle Pakistan' at New Delhi
Counter terrorism and defence Pakistan, Nigeria agree to strengthen cooperation
Violation of loadshedding schedule: FIA exonerates APTMA member mills from allegation
Some cotton growers shifting to other Crops
Investment stimulus of the budget
Government accused of giving away Rs 104 billion tax exemptions to ''powerful'' Businessmen
Sindh, Punjab budgets on Friday
Issuance of SROs: no law violated: FBR Chief
Appeal to save Karachi Industries
DAILY EXPRESS
FTAs with china and other countries to be revisited
Life Style Pakistan will be held on September at New Delhi
Clearance in customs air freight unit is suspended for last 2 days
TMA HEAD OFFICE
DATE 10th-June-2014
DAWN NEWS
‘Poor’ agriculture tax collection by provinces annoys Dar
Amendments in tax laws introduced
Brazil wants to boost trade ties
India sets out investor-friendly reform Agenda
THE NEWS
Govt not to retire circular debt, Dar tells Senate
Long hours in front of the computer? Beware of RSI
US offers help in airport attack probe
Attention companies AOPs individuals
FPCCI demands withdrawal of raise in GIDC
‘Brain drain plaguing Pakistan’
BQATI criticises GIDC increase
Lifestyle Pakistan in India on Sept 11
B RECORDER
Agriculture income tax: Provinces not ready to authorise FBR: Dar
New Indian government committed to promote trade: Raghavan
APTPMA demands withdrawal of 200 percent raise in GIDC
Turkish businessmen ready to initiate joint ventures
Turk delegation condemns attack on Karachi Airport
Pakistan, Slovak may establish JTC for enhancing trade
MQM urges government to pay compensation to businessmen
Budget: pro- or anti-corporate sector
Top 10,000 retailers to be brought into tax net: FBR chief tells Senate body
DAILY EXPRESS
New Indian Govt is keen to increase trade with Pakistan
Volume trade with eastern and central Europe to be increased
CESS on imported consignments to be withdrawn at Karachi air port
FBR 10,000 traders to be brought in to tax net
Enhancement in gas tariff by 200% be taken back immediately
Agents are not responsible for corruption in customs clearance
TMA HEAD OFFICE
DATE 09th-June-2014
DAWN NEWS
THE NEWS
Government has accepted about 70 percent proposals presented by the FPCCI in its shadow budget
More than 50 percent budget proposals forwarded by KCCI have been approved
The decision to constitute a national food security council is a step in the right direction
Tax relief for salaried class in next budget, claims Dar
B RECORDER
Provincial budget 2014-15: FCCI sends recommendations to Punjab government
China's trade surplus rises to $35.92 Billion
Provision of quality products: president underlines importance of accreditation services
Non-profit bodies may be taxed if not file returns, WHT statements
'Textile industry should be provided with level playing field,' CEO, Nishat Chunian Limited
DAILY EXPRESS
Digital number plates and registration card to be issued for vehicles in sindh
Trade delegation to call on finance minister
TMA HEAD OFFICE
DATE 08th-June-2014
DAWN NEWS
‘Harassment’ of textile mills unacceptable
THE NEWS
Revenue collection target of Rs 2.81trn achievable
Aptma defends accused textile mills
B RECORDER
One percent WHT to be charged on purchase of property: effective from July 1
Traders suffer Rs 12 billion losses during closure of markets
Ogra brings SNGPL, SSGC to near Bankruptcy
Unauthorised use of electricity: harassment of mills not acceptable: APTMA
'Budget represents business-as-usual approach'
Wal-Mart appoints vice chairman
Massive ST evasion scam: around 250- 300 registered persons found involved
DAILY EXPRESS
Due to change in weather sever heat and low rain fall expected
A commission formed to bring sales tax % to single digit
Rs 795 billion collected through sales tax
No country can prosper without foreign investment
FBR asked chief commissioners to achieve target of revenue collection
Documentation of economy is a must
TMA HEAD OFFICE
DATE 07th-June-2014
DAWN NEWS
LCCI seeks withdrawal of increase in GIDC
Opposition rejects ‘pro-elite’ budget
Pakistanis set to bear extra costs of essential imported items
THE NEWS
Govt intends to get budget passed from NA by June 21
Hike in gas tariff rejected by KP CM
Provide uninterrupted electricity at low rates, LHC tells government
‘White-collared extortionist’ arrested
SECP notifies draft regulations on proxy e-voting
SECP registers 482 new companies
Aptma rejects increase in GIDC rate
‘Businessmen not acknowledging adverse effect of corruption’
B RECORDER
Pak-UK bilateral trade registers 26 percent growth in 1Q
Transposition of SRO.575(I)/2006: ST relief on large number of machinery, equipment retained
Power shortfall remains 3300 megawatts for second day
Businesses express mixed reaction: PCGA demands withdrawal of five percent sales tax on oil-cake
LCCI to have Nadra Desk in premises anytime soon Areas
People don't trust taxation machinery: Dar
Industrial estates: Corps Commander rules out imposition of emergency
Government urged to withdraw GIDC Hike
Budget to brighten investment prospects: BoI chief
''Ease of doing business'': Pakistan slips to 110 in World Bank index
SPI inflation up 8.39 percent YoY
Proxy e-voting: FBR unveils regulations for listed companies
DAILY EXPRESS
Increase in gas tariff is illogical
It is un justice to differentiate between commercial and industrial sector
KCCI demands to end anamolies before budget
Smuggling will increase by imposing 17 % sales tax
TMA HEAD OFFICE
DATE 06th-June-2014
DAWN NEWS
PIA cuts 26 foreign, domestic flights
KP rejects increase in gas tariff
Finance bill sours FPCCI’s budget euphoria
Pollution-ridden Bangladesh unveils green tax in budget
CM orders action against those forcing business closure
THE NEWS
SECP directs non-listed firms to share information
FBR to net Rs50bn through withholding tax
Forex reserves flat at $13.43bn
FPCCI terms budget satisfactory
Efficient infrastructure use emphasized
Water supply plan devised for SITE Area
B RECORDER
NDMA prospects: Commerce ministry waiting for green signal
APTMA praises budget as pro-textile Industry
Baig voices concern over GIDC increase by 200 percent
Government urged to explorenontraditional markets to diversify exports
Industrialists urge government to withdraw 200 percent increase in GIDC
Levy of 17 percent ST on import of finished goods notified
K-Electric extends bills' due date
Customs regulations of CBSA:noncompliance may cause ban on direct PIA flights to Canada
E&T department to replace vehicle registration book with smart card
Forced closure of markets rumours create chaos, confusion in metropolis Post-budget briefing
Government decides to recall commercial counselors
Return filing by NRPs: amendment proposed to exclude trade body members
Customs ''vagaries'' may pile up consignments at ports: 17 percent ST enforced before July 1
DAILY EXPRESS
President is being empowered to allow payments directly by SBP
Pollution of motor vehicles is the main cause of environment in Pakistan
Date of payment of eclectic bill extend
Bureaucracy has played its game in budget
Sales tax increased from 5% to 17 % in finished goods meant for imports
Denim manufactures rejects increased in gas tariff
TMA HEAD OFFICE
DATE 05th-June-2014
DAWN NEWS
People don’t trust taxation machinery: Dar
Workers term 10pc raise in pay, pension Peanuts
Additional duty imposed on luxury goods
Budget 2014-15: Minister’s perseverance saved the rich
Karachi closure costs Rs30 billion
India may lift restrictions on foreign online Retailers
THE NEWS
Price hike won’t be allowed, says Dar
Businessmen, govt employees term budget ‘jugglery of words’
MQM appeals to traders, transporters to resume activities
Businessmen suffer loss of over Rs4.5 billion
Revenue body penalises officers of Customs, Inland Revenue
Economists term budget disappointing
Budget a step towards fiscal consolidation: foreign investors
Aptma, Chinese firm sign agreement
Arshad appointed as FPCCI panel chief
‘Environmental time bomb ticking away’
B RECORDER
IT returns: ''government committed to ending culture of non-filing''
MQM asks people to resume normal life
Checking income misclassification to yield Rs 17 billion
Traders, industrialists term budget 'balanced'
US issues travel advisory for citizens
Altaf's arrest, terror threats: UK, Australia advise citizens against visiting certain areas
PTEA hails federal budget as Progressive
FCCI reckons budget people,businessfriendly
PIAF terms budget economic revival Plan
US Embassy issues polio vaccination advisory: US citizens in or intending to travel to Pakistan
Mehmood Arshad re-appointed chairman FPCCI body
Japan inks accord to extend Rs 5 billion loan for energy sector
Two-day cargo suspension costs exchequer Rs 4 billion
Industrial activities in city remain Paralysed
PTCL bill payment date extended
Bangladesh halts shutdown of 'unsafe' garment factories
330 megawatts coal-fired power plant: APTMA Punjab, Chinese firm sign MoU
Reducing CNG vehicles to 920,000 by 2015: National millennium development goal achieved
Water, power sector: Prime Minister gives Nargis a free hand
DAILY EXPRESS
Traders and transporters asked to resume actives
Drastic action will be taken against artificial increase in prices
1 % custom duty imposed on import of vegetables and pulses
Severe load shedding inspite of business suspension
Govt has reduced subsidy to RS 37 billion
Sales tax imposed on import of mobile phone as well as registration there of
RS 300 per MMBTU cess proposed for jancos
Who is tax defaulter clarified in finance bill
TMA HEAD OFFICE
DATE 04th-June-2014
DAWN NEWS
Additional taxes to yield Rs231bn
Relief for the rich, peanuts for the poor
Funding for environmental projects reduced to Rs25m
THE NEWS
New tax rates on cars, vehicles
Opposition dubs budget removed from reality
Textile sector gets incentives
Non-taxpayers to pay more, severly dealt with in budget
Corporate tax reduced to 20pc on new investment in construction, housing
Club, first class air fare goes up
FPCCI terms federal budget business-friendly
One percent fall in property tax a joke: Lakhani
Budget growth-oriented: Punjab traders
Budget facilitates better taxation: Mansha
B RECORDER
Rs 246.255 billion new taxation measures taken
Used in manufacturing or sales Input tax adjustment on goods & services restricted
Budget acclaimed as 'balanced' by business community
APCNGA rejects additional taxes
APTMA praises budget as pro-textile Industry
Proposed amendment to SRO 1125 (I)/2011 criticised
Textile makers-cum-exporters hail Budget
LCCI terms budget energy, infrastructure focused
Emirates to fly six times a day from Karachi to Dubai
Duty concessions withdrawal to help generate Rs 32 billion
Rs 314 billion income expected from fuel Taxes
Transfer of private motor vehicles: Advance income tax imposed
DAILY EXPRESS
Salient features of budget 2014-15
8% interest rate in India remains
AGRI culture tax is must for economic stability
Budget is balanced and business friendly
CNG association rejects additional tax
TMA HEAD OFFICE
DATE 03rd-June-2014
DAWN NEWS
New budget: govt pins hopes on slashing subsidies, reducing tax exemptions
Lesco bosses booked for ‘selling electricity’
Economic Survey: more targets missed than Achieved
MQM wants petroleum levy abolished, tariffs Reduced
ECONOMIC SURVEY 2013-14: Industrial sector records growth of 5.8pc
ECONOMIC SURVEY 2013-14: Tax exemptions double to Rs477bn
Pre-budget price shocks for consumers
30 new tax measures on the cards
India manufacturing orders hit 3-month Peak
More warrants issued against Gilani, Fahim
Call for imposition of emergency in industrial Zones
THE NEWS
Economic growth has increased but most targets couldn’t be met
Non-bailable arrest warrants for Gilani, Fahim issued again
Traders protest outside the Karachi press club under the aegis of voice of Karachiindustries
Industrialists threaten to shut down factories over lawlessness
Rupee leads five-month gain in Asian currencies
PM's decision to consider single-digit sales tax rate hailed
B RECORDER
Checking corruption in tax machinery: Dar to announce launch of ''e-scrutiny system'' today
Utility, gas tariff APTMA rejects proposed rise
TDAP scam: non-bailable arrest warrants for Gilani, Fahim issued
Attachment of bank accounts: Dar urged to stop punitive action against taxpayers
Jan-April exports to EU increase by 30 Percent
ST increase, reduction in fuel subsidies: inflation trend shows combined impact
Simple tax system: PBEA greets Prime Minister's decision to facilitate traders
Chief Commissioner, PLGMEA team discuss tax related issues
DAILY EXPRESS
Wages of labor proposed Rs 18000 MXM presents shadow budget
Federal budget will be presented today
Call for imposition of emergency in industrial Zones
Traders protest outside the Karachi press club under the aegis of voice of Karachi industries
Working on emergency basis to enhance exports
Proposal of FPCCI on single digit sales tax welcomed
Textile sector rejects proposed hike of electricity and gas
Its is the need to set direction of economy
Call for imposition of emergency in industrial zones
TMA HEAD OFFICE
DATE 02nd-June-2014
DAWN NEWS
Revenue, GDP growth targets missed
THE NEWS
Shortfall reaches 3,000 MW with increased
Nawaz favours low sales tax like in the past
B RECORDER
Five percent ST to be imposed on wide range of goods
Police arrest tax consultant involved in fraudulent practices
DAILY EXPRESS
Federal Budget will be announced tomorrow
Polio imposed on Pakistanis travelling abroad
60000 MGW cheap electricity can be generated through water
New electronic invoicing system to be in traduced
Import duty on yarn be removed
TMA HEAD OFFICE
DATE 01st-June-2014
DAWN NEWS
Dar set to unveil tax-heavy budget
Turkish experts to train textile workers
Textile value-added sector opposes sales tax on exports
Kerosene price cut; petrol, diesel rates remain unchanged
THE NEWS
Govt to impose withholding tax on gas consumers
Chances of new investment bleak: economists
FBR seeks powers to examine bank accounts
Suraj Textiles plans 50MW solar power plant
GE gas turbines to add 300MW to national grid
Textile sector in critical need of workers
SITE Association opposes reshuffling
Aptma apprehends change in sales tax regime
B RECORDER
Pakistani travellers: polio certificates mandatory from today
Leading export-oriented sectors against increase in ST rates
Abrasive cloth sheet, papers, etc: massive duty cuts on raw material likely
FBR collects Rs 212 billion in May
'Government determined to facilitate hand-knotted carpet industry'
Textile industry concerned over possible change in RGST
POL products'' prices kept unchanged
DAILY EXPRESS
Nepra has enhanced tariff of coal power plants
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