DAWN NEWS
Indian power plants worth $19bn struggle to find customers
THE NEWS
B RECORDER
Income tax: FBR's notices to bear bar Codes
EFS, IERS: SBP extends existinglimits
K-Electric asks customers to avoid using unnecessary power equipment
No minister for four months: government paying little or no attention to textile sector
Model Customs Collectorates to open Today
September 30th deadline: Late filers face USAS disqualification
Ogra recommends increase in prices of POL products
June revenue target: FBR required to collect Rs 122 billion today
DAILY EXPRESS
Recommendation to increase petrol by Rs 4.26 high octane RS 7.30 per liter
Passengers can travel through Ithead Airways by purchasing PIA ticket
DAWN NEWS
Aptma decides to shut textile mills
Importers suspected of misusing hazardous Substances
THE NEWS
‘Textile industry to close down voluntarily’
B RECORDER
Incorrect digits of CNIC turn taxpayer into non-filer
Asaan Account Business community hails SBP's move
Millers decide to shut down units voluntarily: APTMA
DAILY EXPRESS
Consignment clearance on fraudulent FTAs detected
TMA HEAD OFFICE
DAWN NEWS
Amendments in income tax return forms,wealth statement proposed
Exports again fall short of target
China cuts interest rate by 25bps
Bangladesh firm eyes 1,310MW through $1bn Investment
THE NEWS
Manufacturers censure import facilitation policy
B RECORDER
GIDC collection: FBR to remove major hurdle faced by gas companies
NKATI criticizes unannouncedloadshedding
Low gas pressure hits industrial units
Member Reforms: FBR finalising proposed job description
Remittances: SBP extends deadline for mandatory use of IBAN
DAILY EXPRESS
DAWN NEWS
Nepra reduces wind power tariff by 20 per cent
Govt to recover all circular debts through consumer tariff
State Bank, NBP to work extended hours for tax collection
THE NEWS
IMF releases $506m eighth tranche for Pakistan
FBR to launch biometric verification for tax registration from July 1
Manufacturing-friendly policies urged for persistent growth
KCCI urges withdrawal of 14pc services tax
KE claims utilising full power generation capacity
B RECORDER
GSP Plus status helps boost exports by 20 percent: German envoy
Indenters may move out of Sindh if service tax imposed: KCCI
Filing revised return: Commissioner's approval to become effective from July 1: FTO
Schedule issued: FBR offices, banks branches open for taxpayers
Customs Act 1969 APCAA resents insertion of new clause
Textiles and garments sector: Moving up the value chain
New return form Payment of Super Tax Specified
Monthly fuel adjustment: Nepra approves Rs 2.86 per unit refund for April
DAILY EXPRESS
To achieve tax target not possible
Banks and FBR offices to remain open today to collect taxes
Sindh Govt must withdraw tax on services on industries
DAWN NEWS
Foreign exchange reserves near all-time high
THE NEWS
Pak forex reserves rise to $18.2 bn
Internet slows down due to fault in submarine cable
SHC orders companies to deposit Rs15bln withheld workers funds
Forex reserves rise to $17.457 billion
Lack of accountability escalates corruption: experts
B RECORDER
FBR launches new registration module in IRIS
Amendment in Finance Bill: over a dozen listed firms to pay more taxes in fiscal year 2016
Duties & taxes at import stage: Customs officials propose some changes in budgetary measures
Punjab CNG stations: Gas supply suspended for a week
The worst tax in the history of Pakistan?
Dar directs FBR to meet assigned collection target
DAILY EXPRESS
Sales tax levied @ 22% to 37% on electricity produced through high speed diesel
Emirates will run additional 42 flights during ramzan for ummrah
DAWN NEWS
Stakeholders should work jointly to end power crisis: US report
Returns on treasury bills keep moving up
Govt must save textile exports: PTEA
Opposition’s tax proposals ignored
THE NEWS
Concern over decline in exports
Experts urge to enhance tax base
Businessmen lament heat casualties
Tax holiday to industries welcomed
Massive fire guts Shershah warehouse
B RECORDER
Power shortages, KE claims: Nepra team coming to Karachi
Massive decline in exports likely to continue: PTEA
SBP introduces 'Asaan Account' for lowrisk Customers
Devastating heat wave: business community expresses grief over loss of lives
FBR decides to issue new tax return Form
8 percent minimum tax applicable to service providers
DAILY EXPRESS
New trade policy ready export target fixed at 50 billion dollar
DAWN NEWS
Rs100 Asaan accounts introduced for Unbanked
Fresh currency notes to be released from July 2
India unveils plan to boost cashless economy
THE NEWS
SBP to issue fresh currency notes from tomorrow
Expats spend $22.5 billion of earnings in under-invoicing of goods
B RECORDER
Investigating officers: proposed benami law seeks to give ample powers
DAWN NEWS
Non-textile exports dive in July-May
Sindh to raise charges for land record-related Services
Govt needs to reduce industrial power outages
THE NEWS
FBR plans anti-smuggling policy to protect local industry
Pakistan to participate in African trade expo
Govt, private sector urged to enhance productivity
B RECORDER
Consumers to face higher power bills
Commissioner can issue notices to taxpayers for audit: FBR
SBP for lowering Super Tax to 3 percent - I
DAILY EXPRESS
Govt should revisit its financial policies
15 new offices of in land revenue will be operative for 1st July
DAWN NEWS
THE NEWS
Chocolates keep diseases at bay!
B RECORDER
Traders reject proposed increase in gas Tariff
APBUMA for implementing new fiveyear textile policy
Appellate Tribunal Inland Revenue: noncompliance of stay order has penal consequence: FTO
Prevalent form of taxation is tantamount to extortion: Shabbar Zaidi
PBIF lauds Dar for accepting tax Proposals
Income Tax Ordinance 2001: Senate suggests NA to withdraw proposed amendment
DAILY EXPRESS
GSP status for Pakistan is in Limbo
2000 graduates to be trained for compiling income tax return
LCCI started nest year election preparation
TMA HEAD OFFICE
DAWN NEWS
Wal-Mart has $76bn in overseas tax havens
THE NEWS
Textile makers fear fall in exports
B RECORDER
SBP for lowering Super Tax to three Percent
Special body yet to finalise report on GIDC Anomalies
LCCI rejects hike in gas tariff
Textile becoming a thing of the past: APTMA
Rs 3 hike in petrol price likely
11 units found involved: CREST team unearths massive ST evasion
DAILY EXPRESS
Large scale manufacturing increased by 2.93% during July to April
DAWN NEWS
Demand for petrol surges amid CNG outages
THE NEWS
Details of $11m loss inflicted by three ex-FBR chiefs
Gates world’s richest billionaire
WB approves $500 million loan to boost economy
Tax recovery increased by 33 percent: Dar
‘Tax on bank transactions to affect financial inclusion’
Textile exports decline by 2.85 percent in May
B RECORDER
Issue of ST refunds adversely impacting growth: PIAF
Misdeclaration, underinvoicing: DI&I blocking used machinery consignments for re-examination
Dar Sahib, mere tinkering won't do
Decline in textile exports irks Senate Panel
Money laundering and terror financing: informal remittances being used: SBP
''Iqbal Air'': exporters considering launching airline: SCCI
DAILY EXPRESS
DAWN NEWS
PTEA rejects hike in coal import duty
Govt asked to abolish 0.6pc WHT
THE NEWS
Heat spell to dissipate in a couple of days
B RECORDER
FTA with China: Country paying ''price of friendship''
Heads of country's chambers term budget 'anti-business'
Academia-industry ties vital to address problems of businessmen
APTMA chief criticises power Suspension
Pakistan's foreign exchange reserves stand at $17.44 billion
Directive to MFBs: loan exposure against gold should not exceed 35 percent:SBP
DAILY EXPRESS
Business community warns to go on strike against federal budget
Bank will remain closed to today to deduct zakat
Reserves stand at $17.44 billion
Govt should in traduce scheme for converting black money in to white
Demand to with draw holding tax on with drawl of cash from bank
DAWN NEWS
Government rewards power defaulters, allows 30 per cent rebate
Current account deficit widens to $2bn
Govt to weed out old currency notes
Pak-Saudi Chamber, Smeda sign deal
Aptma seeks zero-rated electricity
Underground water reserves being sucked dry: Studies
Advertisement Of Pakistan Textile Exporters Association
THE NEWS
LTU takes actions to hit Rs125bln tax target for June
Old design banknotes valid till Dec 1
APTMA censures power surcharge, demands zero rating
Asian cities half of top 10 costliest destinations
‘Diversification must for export growth’
B RECORDER
Finance Bill 2015: Senate asks government to withdraw FBR''s powers to access bank accounts
Product diversification a must to win global market: LCCI
Tax collection: RTO Faisalabad actively interacting with textile bodies
Demonetization of old-designed Banknotes
Flying invoices, fake refund mafia: PBIF chief urges government to take notice
Dutch envoy vows support to FPCCI
O/N, reverse repo: SBP unveils Ramazan timings
APTMA slams raise in power tariff
DAILY EXPRESS
DAWN NEWS
Foreign investment falls in negative territory
NAB orders inquiry against three former FBR Chairmen
Pakistan adopting a regressive tax system, says Economist
THE NEWS
NAB launches probe against three former chairmen of FBR
Pakistan FDI declines 46pc to $803.2mln in July-May FY15
‘China has four million millionaires’
Online account opening form introduced
B RECORDER
Benami transactions: proposed law suggests up to seven-year imprisonment
Technical textile resource centre being set up in NTU
Seminar on 'revamping mechanism of trade dispute resolution' held
Budget feedback: suitable proposals to be duly accommodated: Dar
NAB orders inquiries against three former FBR chairmen
FDI declines by 47 percent in July-May fiscal year 2014-15
DAILY EXPRESS
Zakat will be deducted at Rs 33641/-
NAB executive board approves enquiry against 3 ex chairmen of FBR
DAWN NEWS
Gas cess arrears challenged in high court
Removal of anomalies through NFC sought
Exporters assured of zero-rating facility
THE NEWS
Workers reject Rs1,000 increase in wages
New law empowers SRB to freeze bank accounts
NFC Award to base on performance: Pasha
‘Govt to extend incentives on exports’
Transparent taxation structure urged
German business delegates meet TDAP
B RECORDER
Budget 2015-16: Senate body makes key Suggestions
Underreporting: 0.15 percent WHT levied on cash withdrawals by ECs
Post-budget seminar: Pasha praises, criticises Sindh government in equal measure
Industrialists to boycott RTO Faisalabad for indefinite period
Strategic trade policy framework to be announced next month: Dastgir
Blueprint of another STPF ready
PBIF chief hails Punjab budget
No shortage of petrol in country: Ministry
Tax arrears: DG WHT steps up efforts towards recovering Rs 28.26 billion
Budget 2015-16: government needs to implement equitable taxation structure
German trade delegation meets TDAP Secretary
PTA urges government to review gas loadshedding plan
Photograph of Mr. Mehtabuddin Chawla
DAILY EXPRESS
DAWN NEWS
A regressive tune in tax reforms
Budget disappoints many businesses
Documentation as elusive as ever
THE NEWS
B RECORDER
Proposed Finance Bill: FCCI, FTF highlight various anomalies
Departmental maladministration: FTO grants 60-day stay against tax recovery
Non-declaration of purchases: compliant taxpayers cannot be penalised for buyers' faults: ATIR
Finance Secretary's response to Senators
DAILY EXPRESS
Summary for establishing export development fund ready
Faisalabad expressed concern on 17% sales tax
TMA HEAD OFFICE
DAWN NEWS
Rs739bn deficit budget for Sindh unveiled
Govt allocates Rs16.5bn for energy
Pakistan attracting foreign workers
Treaties likely on exchange of tax information
British couple becomes world’s oldest Newlyweds
THE NEWS
‘Pakistan’s economy on path to progress’
B RECORDER
WHT recovery: FBR likely to give cash rewards to taxmen
DAILY EXPRESS
Sindh demands form centre to abolish excise duty on 6 services including banking
DAWN NEWS
0.9pc infrastructure development cess on goods
Senate body recommends salary hike, cut in tax rate
PTBA accuses FBR of misusing authority
THE NEWS
Govt mulls changes in transshipment rules
SECP forms committee for dispute resolution
Withdrawal of internet tax hailed
Pakistan, Germany to set up joint chamber
B RECORDER
'The time is ripe for German investors to come to Pakistan'
FBR denies any Facebook page Connection
Federal budget earns praise, criticism in equal measure
Government's inappropriate approach
Turkmenistan ambassador visits TDAP
DAILY EXPRESS
DAWN NEWS
‘Energy shortages to diminish gradually’
Centre has assured Sindh of no gas outage for industries, Qaim tells SITE body
THE NEWS
Federal budget: A question mark on FBR’s capacity
Moody’s upgrades Pak credit rating to B-3: Dar
Make the most of PIAs Grand Discounts This Summer
Private sector lending dips 50 percent in July-May
B RECORDER
Tax exemptions: approvals by ECC shall require assent of parliament: FBR
Benami transactions: ''0.6 percent WHT to help unearth actual investments in real estate''
Power ministry notifies enhanced tariff
Senate body suggests cut in further tax Rate
Video-link system between KPCCI, FPCCI and other chambers launched
LCCI for 200bps cut in discount rate
Forex reserves up by $418 million
Tax on undistributed reserves: major amendment to Finance Bill against IA: Hubco
Chairman PCDMA opposes increased Penalty
Industrial associations demand full supply of gas as per allocated quota
DAILY EXPRESS
Gas supply to industrial zones matter will be taken up with prime minister
Miscellaneous fess likely to be enhanced in sindh budget
10% fixed tax on preserves will affect economy
LCCI expects 2% more cut in interest rate
GSP review will yield good results
Indian leaser ship should not underestimate us
DAWN NEWS
Nepra allows Rs1-4 per unit surcharges on power tariff
Merchandise exports fell by 5pc in July-May
‘No boost in infrastructure investments in Pakistan’
Two-day gas closure in Sindh opposed
THE NEWS
Call to achieve targets in textile sector
Powerloom workers in Multan take to streets against loadshedding
Trade gap widens 11.73 percent to $19.735bln in July-May
Legal lacuna likely to foil super-tax collection efforts
‘Govt should encourage mortgage financing at lower rates’
Sindh industrialists’ slam gas cut
B RECORDER
Power, gas, POL products: MoF rules out cut in Sales Tax
Subsidy, surcharges: government plan approved by Nepra
Yarn and cloth PYMA rejects increase in sales tax
Textile trade: FCCI chief for all-out efforts towards increasing country's share
EU market: Pakistan fails to cash in on GSP Plus opportunity: PBC
Proposed Section 236P: banks required to collect 0.6 percent WHT from nonfilers
Senate continues debate on budget Treasury MP too criticises federal Budget
DAILY EXPRESS
Gas closure industries in Karachi will be shutdown
Trade gap widens 11.73 percent to $19.735bln in July-May
DAWN NEWS
Govt eyes Rs425bn from oil and gas sector
Tax officials may get powers to search Premises
FBR performance disappointing, admits Member
Water supplied to 41pc city has no chlorine: Report
THE NEWS
FCCI chief suggests measures to meet energy, other challenges
Zero import duty for Qatar, UAE rulers proposed
No substantial progress made to control environmental pollution: SC
Sindh rejects federal budget; fears revenue loss
Budget fails to woo foreign investors
Lawmakers’ approval vital for SROs’ survival
‘Private sector investments must for infrastructure’
No incentives announced in budget for Karachi, complains KCCI
B RECORDER
All banking transactions: Dar to consider threshold of Rs 50,000 for levy of 0.6 percent WHT
Informal sector: raise in further ST to 10 percent opposed by Dar
Breaking down tax on excess reserves
'Non-filers to be tried under AMLA'
Microfinance in Pakistan: FINCA COO for no caps on lending of money to borrowers
Budget lacks steps towards boosting investment: OICCI
Sindh urges Prime Minister to withdraw some budgetary proposals
Commerce to move MoF for release of Rs 500 million
DAILY EXPRESS
Shortage of water will affect Pakistans economy
Super tax will be levied on income more than Rs 50 corore
Foregin investors expressed reservations on federal budget
DAWN NEWS
14th Textile Asia International Exhibition
Delay in new car number plates irks buyers, Dealers
SC suspends LHC verdict on surcharges
Water scarcity may threaten nationaleconomy: IMF
THE NEWS
SC suspends LHC verdict on power surcharges
Pakistan negotiates three more free trade agreements
Internet providers to blackout websites in protest against imposition of tax
‘Govt should take action against tax evaders’
SECP launches web portal for investors
B RECORDER
Budget FY16: No relief to textile
Federal Budget: APBF slams Dar's 'calculator approach'
International Conference on Trade & Competitiveness
Budget can't be termed 'investmentfriendly': Yakoob
Decision of delegating SRO powers to Parliament hailed
Invoice, packing list: importers to pay Rs 50,000 fine for contravening rule
Import stage: Customs officers empowered to recover ST
Five export-oriented sectors: FBR enhances ST on textile inputs, goods
DAILY EXPRESS
KARI welcome withdrawal of powers form FBR on issuance of SROS
Exemption of zero rating withdrawn from more than 2 dozen industrial and commercial unites
Pakistans bedwear export to Europe increased to 35 corore dollars
DAWN NEWS
Govt’s take on old and new investors
THE NEWS
Withholding tax on certain items may be abolished
B RECORDER
Corporate sector: Progressive Group hails cut in taxes
TMA HEAD OFFICE
DAWN NEWS
Govt aims at documentation of economy
THE NEWS
Banks bound to share details of account holders with FBR
Money remitted abroad for education taxed
Incentives for textile sector in budget
New law empowering FBR to seek details of expats bank accounts
Businessmen term incentives ‘far too low’ than expectations
‘Budget a good attempt to cover inefficiency’
B RECORDER
Low bracket groups: government provides relief of up to 60 percent in tax liability
HSD, POL products: RD replaced with customs duty: FBR
Budget documents uploaded on FBR's Website
PIAF hails budgetary measures towards export-oriented industry
KP units get 5-year tax holiday
19 products' inputs: Duty concessions proposed to be withdrawn
DAILY EXPRESS
Budget is against business community expectations
Budget is neither public friendly nor business friendly
Withdrawal of authorization of SROS from FBR is good step
DAWN NEWS
Special incentives for manufacturing, agriculture, construction sectors
Taxation proposals: new levies and relief
Economic Survey reveals alarming facts about environmental degradation
Textile manufacturers disappointed
Little relief for middle class
Proposals fall short of industry’s expectations
US doctors perform ‘first skull-scalp transplant’
THE NEWS
Salient features of Budget 2015-16
16pc tax on hotels, motels, guesthouses, marriage halls, lawn, clubs
What to cost more and what to cost less
Budget fails to meet public expectations
A tale of missed economic targets
Non-filers of income tax returns to face the music
Talk shows mainly focus on politics: study
Withholding tax on vehicles also reduced
Yea or nay from business honchos
Budget fails to cheer textile sector
World finance bodies start business with Pakistan: Dar
B RECORDER
Rs 253 billion new taxation, administrative measures
Exim Bank of Pakistan to be operational during Fiscal Year 2016
Equity basis: most disputed provision of ST Law rationalized
Finance Bill 2015: ECC approval a must for issuing SROs, notifications
Business leaders criticise budget
3-5 percent ST on textile inputs, goods: 10 percent sales tax levied on dairy Product
Education expenses: advance tax on persons remitting foreign currency proposed
DAILY EXPRESS
Per capita income stands 1512 US$
DAWN NEWS
Economic Survey – all major targets missed
Tax losses up 39pc despite withdrawal of Exemptions
ST on raw cotton to hit exports, says KCA
THE NEWS
Forex reserves decline to $17.02 billion
Standing committee recommends zero sales tax on textiles
Digitalisation toughens industry planners’ jobs
TDAP, PROMEXICO to sign cooperation agreement
50pc Pakistanis to have digital footprint by 2020
B RECORDER
Economic Survey 2014-15: FTAs worsening trade imbalances
Lower LSM growth: Economic Survey reveals key reasons
Economic Survey: exemptions cause Rs 665 billion revenue loss
Gas supply-demand gap reaches 4BCFD
DAILY EXPRESS
Business community and industrialist expect business friendly budget
DAWN NEWS
Govt urged to focus on SMEs growth
Aptma seeks zero duty on polyester fibre
THE NEWS
SBP allows exchange companies to collect bills
TRC proposes monitoring of cash withdrawal of over Rs5mln
Fire damages two factories in New Karachi
B RECORDER
Machinery, equipment FBR proposes doubling of ST to 10 percent
Improvements in taxation system: FTO recommends key measures
TDAP chief urges Canadian investors to enter into JVs
Finance Bill 2015: FBR required placing all notifications, SROs before NA from July 1
DAILY EXPRESS
Fire damages two factories in New Karachi
SBP allows exchange companies to collect bills
Rawalpindi chamber expressed concern on reducing subsidy to energy sector
FBR should settle refund cases immediately Lahore chamber
DAWN NEWS
Power subsidies to be reduced by 50pc
Mexico to reopen its embassy in Islamabad
Task force for trade facilitation formed
India cuts interest rates for third time this year
Ban on prayers on chairs sparks outrage in Bangladesh
THE NEWS
FBR’s refund system bleeding both ways-I
Govt accepts FBR’s proposal to reduce withholding tax rate
Shareholders challenge amalgamation of KASB Bank in SHC
China develops world’s first facial-recognition ATM
India’s RBI cuts interest rates for third time this year
Pakistan’s cotton production to rise 3 percent in 2015/16: ICAC
FBR puts the hammer down for additional taxes
Govt may impose new tax on mobile data usage
International Trade Exhibition
B RECORDER
Rs 2.08 per unit refund approved by Nepra
Textile machinery import down by 52.48 percent in April
Five leading export-oriented sectors: National Assembly body recommends 2 percent uniform rate of ST
Budget proposals: BoI seeks tax exemption extension of 5 years
Supply of mineral water: FBR decides to charge ST
DAILY EXPRESS
Master mind of tax fraud arrested
Person driving without belt will be prosecuted
Tax likely to be imposed in budget on mobile phone data service
DAWN NEWS
Cut in export refinance rate sought
THE NEWS
Govt extracting money from power consumers illegally: LHC
BD charges Rana Plaza owner with murder
Govt may bind exchange firms to deduct WHT
SRB suspends sales tax registration
B RECORDER
Input tax adjustment against services: FBR plans to impose restriction
PBIF urges FBR to release refunds to Exporters
FBR House: Internet access to remain blocked from June 3 to 5th
Finance Bill 2015: tax stamp mandatory for clearance of excisable goods
Sales tax on POL products slashed
DAILY EXPRESS
Whitening of black money through remittances detected
DAWN NEWS
Fire breaks out in Bangladesh garment factory
Stabilisation vs growth trade-off
GIDC to squeeze farmers’ incomes
THE NEWS
Petrol, kerosene prices up by Rs3.50, diesel Rs3.51 per litre
CPLC likely to be shifted to IGP’s office
Business community lauds LHC verdict to annul power surcharges
B RECORDER
Exports sputtering as imports ride
Export of warehoused goods without taxes: Government may amend Section 106 of Customs law
Section 153(1) (b) of ITO 2001: FTO asks FBR to withdraw directions for minimum tax
Budget 2015-16: What can we expect?
Budget FY16: emerging contours of Challenges
''Toll Manufacturing'': FBR to strengthen its right of ST collection
DAILY EXPRESS
Profit of foreign investor’s increased
