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Date:  FEBRUARY 29, 2020

DAWN NEWS PAPER

Government considering major cut in petrol, diesel prices

Return filers surge to 2.44m

Cotton market lethargic

More than half of Pakistanis overweight: study

THE NEWS INTERNATIONAL

Govt has accepted industrialists’ demands: FCCI chief

FBR faces tax shortfall of Rs325 bn in eight months

Inflation rate stands at 14.6pc

Qatar keen to enhance bilateral trade with Pakistan

Commitment to hike gas, power tariffs: Highest-level political undertaking paves way for agreement with IMF

Ogra recommends Rs5.89 cut in petrol, Rs7.30 in diesel prices

Ban on Umra visas to be lifted following safety mechanism: Saudi envoy

Improving textile

BUSINESS RECORDER

Pact with export industry, Power Division to seek ECC nod

Non-payment of refunds, Exporters to move Citizen’s Portal against FBR

Combined income groups, SPI inflation down 1.16pc WoW

Jul-Feb provisional figures, Rs2.7trn collection shows Rs325bn shortfall

Luxembourg becomes first country to provide free public transport

NA panel terms FBR reforms ‘cosmetic’

Cautious buying by mills, spinners on cotton market

FBR will issue new and updated ATL

Ogra proposes decrease in POL products’ prices

AD, QUAID-E-AZAM BUSINESS PARK

JANG NEWS PAPER

Summary sent to reduce the price of petrol by Rs.6

In 2019, more than 2,446,000 income tax returns submitted

Punishment & penalty for those children who did not care their elder parents

New reservoir of gas discovered in Sindh

Finally approved, Sindh Matric Board increased marks from 850 to 1100

CNG will open in 4 days in a week

No need to wear mask every person, Health Expert

EXPRESS NEWS PAPER

May be price reduced of petroleum products by Rs.7

Announced that no further extension in the date of income tax annual return

Date:  FEBRUARY 28, 2020

DAWN NEWS PAPER

IMF, govt agree on steps for $450m release

Saudi Arabia bans pilgrims’ entry, Iran cancels Friday prayers

Ramazan likely to begin from April 25: minister

Tehran Chamber for expanding trade ties

SBP reserves jump by $87m

Dullness prevails on cotton market

Exporter tariffs

THE NEWS INTERNATIONAL

Coronavirus pandemic: Umra and visit visa for KSA suspended

Pakistan-IMF reach staff-level accord on second review

Coronavirus to impact imports from China: Razak Dawood

Moody’s terms Pakistan FATF status as credit negative for banks

State Bank’s reserves rise to $12.591bln

Coronavirus: Prices of masks increase by eight times

BUSINESS RECORDER

Export-oriented sectors, FPCCI chief wants gas, power tariffs be fixed on yearly basis

FTO tells FBR to pay refund claims in 72 hours

TDAP holds awareness session on CPFTA-II

APTMA Punjab chief lauds PM for withdrawing power tariffs’ surcharges

Karachi industrial zones likely to face power cuts

FY 2020-2021, FBR seeks budget proposals from business community, tax officials

Second review, Govt-IMF reach agreement

GSP Plus status, Govt optimistic about extension prospects

Private lending to SMEs not encouraging, observes NA panel

Saudi Arabia suspends entry for Umrah pilgrims, tourists

Inclusion on ‘grey list’ credit negative for banks: Moody’s

Deadline for filing ST, FED returns extended

Locally-assembled cars, Govt is responsible for increase in prices, admits Dawood

SBP’s reserves move up by $87m

Revision of unrealistic targets

CRONA VIRUS: How to protect our Self and Others

EXPRESS NEWS PAPER

Seminar on “Payment of Taxes Online” for Industrialists

Pakistani banks may be deprived from International Business, Moody’s

Agreement finalized on staff level with IMF for 2nd installment

Date extended for returns

Date:  FEBRUARY 27, 2020

DAWN NEWS PAPER

Exporters’ key demands on energy tariff accepted

PM Delivery Unit overrides Ogra law to stop further gas tariff hikes

Investors offer Rs1.4tr for T-bills

Pakistan’s economy on ventilator, claims expert

Sluggish day on cotton market

THE NEWS INTERNATIONAL

Double-digit drop in sales tax collection clouds revenue outlook

Foreign investors fret over Rs50bln/year addition in circular debt

Govt raises Rs388bln through MTBs

LPG price upped by Rs50 per kg

Economic downturn and the disposable worker

‘Stuck refunds pile up to Rs100bln in eight months’

Trump administration in talks about energy projects in Pakistan

Pakistan’s economy surviving on ventilator, says Dr Kaiser Bengali

BUSINESS RECORDER

Bilateral trade: US official Ross smells sweet

Export-oriented industry, Govt agrees to withdraw notification on surcharges, taxes

Wapda chief tells NA body, Cheap power will be provided only after four years

Subdued business activity seen on cotton market

Dyes & chemicals from China, Govt urged to allow early clearance

Power tariffs for Discos, CPPA-G seeks increase of Rs1.50/unit for 3 months

JANG NEWS PAPER

Decided to provided 20 billion subsidy on Gas & Electricity to Export Industry

EXPRESS NEWS PAPER

Pakistan & America agreed to enhance cooperation in energy sector

Pakistani Economy not in right direction. Economic Experts

Karachi facing 70 crore gallon water shortage

Date: FEBRUARY 26, 2020

DAWN NEWS PAPER

MICRO-POLLUTION RAVAGING CHINA, SOUTH ASIA’: LAHORE SECOND MOST POLLUTED MEGACITY

ELECTRICITY POLICY

PAKISTANI IMPORTERS EXPLORING NEW RAW MATERIAL SOURCES AMID CORONAVIRUS FEARS

SIX FACTORS CAUSED TAX REVENUE SHORTFALL

SLOWDOWN ON COTTON MARKET

THE NEWS INTERNATIONAL

GOVT MUST PRIORITISE COTTON CULTIVATION: SUPREME COURT

PAKISTAN PAYS RUSSIA RS1,442 BN TO SETTLE 40 YEARS OLD TRADE DISPUTE

KE PROPOSES RS2.138/KWH CUT IN POWER TARIFFS FOR JULY-DEC 2019

DOCTORS, DIETICIANS AND SPORTSMEN JOIN HANDS TO FIGHT OBESITY

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BUSINESS RECORDER

MOF IDENTIFIES REASONS BEHIND REVENUE SHORTFALL

PROPOSED REDUCTION IN POWER TARIFFS

SAUDI ARABIA INTRODUCES ONE-YEAR MULTIPLE ENTRY VISIT VISA

TAX CHALLENGES OF DIGITAL ECONOMY

DROP IN C/A DEFICIT

GOVT FAILS TO PAY GST REFUNDS UNDER ‘FASTER’: FPCCI CHIEF

IMPROVED TRADING ACTIVITY SEEN ON COTTON MARKET

PROPOSED INCREASE IN KE TARIFF

RESTORATION OF ZERO-RATING REGIME MUST FOR EXPORT-ORIENTED SECTORS

GOVT URGED TO SLASH CUSTOMS DUTIES ON IMPORT

JANG NEWS PAPER

FORTY YEAR OLD DISPUTE RESOLVED, PAKISTAN & RUSSIA AGREED TO ENHANCE TRADE

K-ELECTRIC GIVEN APPLICATION TO INCREASE THE RATE OF ELECTRICITY

EXPRESS NEWS PAPER
COLLECTION OF HAJJ APPLICATION STARTED MATY BE DEPOSITED UPTO 6TH MARCH 2020


Date:  FEBRUARY 25, 2020

DAWN NEWS PAPER

‘Trust issues’: Traders won’t join strike by exporters, FCCI

Pakistan offers $100bn investment opportunities in energy sector: Ayub

Private sector borrowing plummets 70pc

Airlines told to get health declaration from passengers coming to Pakistan

Cotton market steady

Gold hits new peak

THE NEWS INTERNATIONAL

‘Govt to finalise tariff policy of 26 sectors next month’

Meeting to advise slashing interest rate by 50 basis points

IMF asked once again to revise FBR revenue target

Circular debt: Govt gearing up to launch Sukuk-II for Rs200 bn

C’wealth looking for business ties with Pakistan: Hugo Swire

Traders bewail haunting demurrage as Chinese consignments quarantined

‘FBR to go extra miles for achieving annual target’

PRGMEA slams lockdown calls

Banks to open on Feb 29, March 1

Reducing energy tariffs

Gold prices hit record high of Rs96,300/tola as global rates soar

BUSINESS RECORDER

Ban on imports from China, KCCI demands ‘special policy’ to save importers

Govt mulling reducing power tariffs

Gold hits all-time high level

Hajj applications, Branches of 13 banks are open on Saturday, Sunday: SBP

Ministry’s budget proposals on tariff will be ready by next month: Dawood

Dull business activity seen on cotton market

State of public finances

FATF challenge still persists

JANG NEWS PAPER

Reduction in Imports, FBR given data to IMF

Suggestion regarding tariff for budget will be prepared in March

13 Banks authorized for collection of Hajj application

For reduction in policy rate Govt arrange a meeting tomorrow

EXPRESS NEWS PAPER

FBR traced out 3 billion doubtful bank transactions

Hajj application collection start from today, new schedule issued

Date:  FEBRUARY 24, 2020

DAWN NEWS PAPER

Time to rev up exports

Govt to help KE raise generation capacity by 1,600MW

PIA suspends flights to Beijing till March 15 due to coronavirus scare

THE NEWS INTERNATIONAL

Pakistan’s economy on path to recovery: Credit Suisse

Pakistanis can now get Saudi visit visa on arrival

BUSINESS RECORDER

Remittances thru official channels, Overseas Pakistanis to be offered new incentives

Pakistan’s challenges greater than Egypt’s: Credit Suisse

FATF: turning point?

Mian Mansha-led businessmen delegation meets Alvi

TDAP awareness session on SMEs held in Sukkur

WEEKLY COTTON REVIEW, Prices remain stable

More sleep at night might reduce daytime injury risk

JANG NEWS PAPER

Govt will help traders in all respect, little bit be patient. President Asif Alvi

Visa on Arrival for Pakistanis, who hold valid visa of USA & European Union

It is compulsory that passport valid up to Feb 2021 for those going on Hajj this year

EXPRESS NEWS PAPER

Pressure increased on the Govt to reduce policy rate

Ban on Leave in FBR

Date:  FEBRUARY 23, 2020

DAWN NEWS PAPER

Traders refuse to pay power bill, announce strike for 25th

Record-high gold prices

FATF grey list

THE NEWS INTERNATIONAL

FBR’s reform process chokes in Shabbar Zaidi’s absence

Bilateral trade volume far below than actual potential: Bulgarian envoy

Exports diversification urged

Tax authorities recover Rs1.8 billion from foreign transactions

Credit Suisse sees 100-200bps rate cut in second half of 2020

SPI inflation down 0.14pc

Rudderless economy struggles to stay on course

Over 400 illegal gas connections cut off

BUSINESS RECORDER

Tax reform panels told, Deadline for submission of reports 26th: FBR

FY20: fiscal deficit of 7.5pc projected

Dhabeji SEZ in Sindh, Investors to get up to 10-year tax holiday

Govt urged to review trade policy

Import from China, India, PCMA for steps to meet challenges of unavailability of raw materials

Bulgaria keen to promote trade ties with Pakistan: envoy

Govt urged for policy advocacy to remove tariff, non-tariff barriers

Govt urged to focus on developing SMEs

PBIF chief for reducing size of government

FPCCI: A serious issue?

JANG NEWS PAPER

Different names under consideration for the post of Chairman FBR

Likely to reduce withholding tax of import on mobile phone

EXPRESS NEWS PAPER

Too much export orders, production increased of textile sector

Announced to open CNG stations 3 days in week

Inflation created problems for the people, reduction in Umrah & Hajj application

SMEDA Invites Application for Organizational Development (OD) Grant

Date:  FEBRUARY 22, 2020

DAWN NEWS PAPER

Gold scales new peak of Rs93,650

Record $2.4bn given to Pakistan in 2019: ADB

SBP working on a plan for differently-abled persons

Dull trading on cotton market

THE NEWS INTERNATIONAL

Textile industry cautions govt against losing ‘golden opportunity

FATF wants swift completion of plan: Pakistan gets until June to get out of grey list

16 Punjab districts register decline in cotton production

ADB co-finances $16bln for Pakistan’s trade promotion loans

State Bank to set credit targets for banks to loan differently-abled

Minimum wages set in stone as bureaucracy seeks a big sweetener

Top-10 richest families that control astonishing amounts of wealth

BUSINESS RECORDER

APTMA urges Dawood to help resolve power tariff controversy

Reshuffle of Customs officials, FBR reverses major policy

Combined income groups, Feb SPI inflation up 15.97pc YoY

Circular debt about to touch Rs1.9trn mark

Daroo serves legal notice on FPCCI internal auditor

Business environment, KCCI report makes several recommendations

Rs40,000 prize bonds, March 31st is deadline for encashment: SBP

Cotton prices maintain firm trend

Tax recovery drive

JANG NEWS PAPER

Last chance for Pakistan to come out from gray list, expert security matters

Ban on Govt employees from grade 1 to16 to bring Smartphone at office

India plan to grab 20 billion dollar of textile market

EXPRESS NEWS PAPER

In 2047 Pakistan will be included in best middle income countries. World Bank

Crown Group introduced Electric Car, Motor Cycle & Rikshaw

Date:  FEBRUARY 21, 2020

DAWN NEWS PAPER

Gas, electricity rates frozen till June

Pakistan set to get four-month FATF breather

Worst of stabilisation now over, says Baqir

Half-year non-textile exports remain flat

SBP reserves reach $12.5bn

Cotton market steady

THE NEWS INTERNATIONAL

Pakistan’s exports are negligible: Reza Baqir

Masses to get relief, as govt freezes gas, power tariffs

Forex reserves rise to $18.747bln

FBR data automation: SC questions data handover to private co

SBP’s Baqir signals possible rate cut this year if inflation falls

Tax collection on exports surges 38pc in July-January

Commonwealth keen to boost trade ties with Pakistan

Public-private partnership key to economic turnaround

PCMA seeks inputs’ availability

BUSINESS RECORDER

WB official sees 7pc growth in 2025-30

Coronavirus outbreak, Exports to China may further decline

Provision of data for reforms, Utilities cos to hold meetings with SBP, credit bureaus

Micro payment gateway being worked out: SBP Governor

Dispute of Sui gas field after 18th Amendment, Legal opinion to be sought from Law Division

Shipping cos, FBR working out revenue impact of freight tax

IHC objections to setting up of PRAL, SC tells FBR to file reply

Forex reserves move up by $74m

Steady business activity seen on cotton market

The cost of confused macroeconomic policy

JANG NEWS PAPER

FATF; Pakistan keep or remove from the gray list decision expected today

Pakistan is the cheapest country for living

APTMA APPEAL, to the Honorable Prime Minister

EXPRESS NEWS PAPER

Federal Cabinet agreed to not increased the price of Electricity & Gas

FATF; Pakistan remain in Gray List, further time provided up to June

Date:  FEBRUARY 20, 2020

DAWN NEWS PAPER

Current account deficit shrinks 72pc in seven months

Search for new FBR head begins

Unsold cotton stocks dwindle

THE NEWS INTERNATIONAL

C/A gap narrows 72pc in July-Jan on improved trade balance

Tax Directory for MPs, individuals for 2018 to be published

UK to close door on non-English speakers, unskilled workers

Fuel stations closed as buyers turn violent in Karachi

BUSINESS RECORDER

Six major fiscal risks identified

Jul-Jan CA deficit shrinks 72pc

SECP to bar cos from issuing certain negotiable instruments

Export boost a must to get out of debt crisis: Dawood

Jul-Jan period, Rs2.4trn provisional collection shows Rs210bn shortfall

Japanese CG vows to strengthen bilateral trade ties

FBR imposes ban on officials' leaves

Tax directory of MPs, taxpayers to be launched next month

NA body asks SNGPL, SSGCL to help resolve issue of low gas pressure

Industrialists, traders demand thorough probe into Keamari tragedy

Modest trading activity seen on cotton market

Petroleum products, Uninterrupted supply being ensured: PSO

'Govt expects growth of 17pc to 18pc in tax collection'

JANG NEWS PAPER

First 6 months of current fiscal year, in country history debts reached on its peak

Imposed ban on leave of FBR officers up to 30th June

In F.B Industrial Area dyeing factory fire erupted

EXPRESS NEWS PAPERDyeing factory fire erupted

Date:  FEBRUARY 19, 2020

DAWN NEWS PAPER

Hard questions from judges, inept answers by govt in GIDC case

FDI surges to $1.5bn in seven months

Total debt jumps 23.4pc

Cotton production falls to 8.6m bales

Listless trading on cotton market

THE NEWS INTERNATIONAL

Govt may approve industrial electricity tariff reduction, seasonal gas tariff plans tomorrow

Pakistan’s external debt, liabilities increase by Rs2,441 bn in 18 months

Pakistan, Turkey FTA talks in April, says Razak Dawood

GIDC case: IP project to cost Rs405 bn, SC told

Export potential hangs by a thread

External debt repayment up 27pc to $3.9bln in second quarter

Cotton arrivals down 20 percent

SSGC severs 1,400 illegal connections

PSL traffic diversion plan announced

BUSINESS RECORDER

Reduction in industrial power tariff on the cards

Composite audit of registered taxpayers on the cards

Jan exports down 0.75pc MoM

MoC proposes amendment to import policy order 2016

Exports: ready-made garments take a dip

LCCI urges govt not to harm business activities during PSL matches

8.5m cotton bales reach ginneries

SSGC severs 1,400 illegal connections

Traffic, parking plan for PSL issued

JANG NEWS PAPER

Likely to reduce tariff for electricity for the Industry

Within 1.5 years country debts increased Rs.11,114 billions

Federal tax ombudsman issued show cause notice two FBR officers

EXPRESS NEWS PAPER

Shabbar Zaidi sent leave application for indefinite period

Suggestion to install Air Purifier Tower in Karachi

Gas CESS case, no institution supporting the case

Country total cotton production maybe on minimum level

Hajj application will collect from 24th Feb 2020 in 13 Banks

Traffic plan issued for PSL cricket match in KHI

Date:  FEBRUARY 18, 2020

DAWN NEWS PAPER

Textile exports up 3.7pc

Govt looking for ways to avoid power tariff hike

PM for ‘out of box solution’ to cut power, gas tariffs

GIDC collections come under scrutiny as court questions fate of funds

Strong buying on cotton market

Test run of traffic E-Payment App

Pakistan will not be blacklisted, say scholars

FATF meeting

Inflated KE bills

THE NEWS INTERNATIONAL

Textile exports go up by 4pc

Circular debt increasing by Rs12 bn a month

Public debt rises 2.7pc to Rs32.669 trillion in July-Dec

Remittance growth credit positive for Pakistani banks

FDI surges 65.7 percent to $1.563 billion in July-January FY20

FBR proposes rules for recovery of unpaid taxes

UAE’s first floating solar power plant launched in Abu Dhabi

BUSINESS RECORDER

Increased remittance inflows positive for banks, borrowers: Moody’s

Jul-Jan FDI posts 66pc growth

Scope of recovery from taxpayers extended

FCY loan, FIs can raise additional Tier 1 capital: SBP

Reading LSM’s Dec jump

Power Division tells Senate body, Circular debt increases by Rs134bn in current fiscal year

‘Sialkot Development Authority’ to be established: minister

GIDC projects, There’s nothing on ground, observes SC

Improved business activity seen on cotton market

FPCCI Budget Advisory Council prepares proposals recommendations

JANG NEWS PAPER

IMF not imposed any condition for next installment

Circular debt increasing 12 to 14 billion every month

Custom House closed

EOBI huge announcement for retired employees & widows

India become 5th economic power of the world

EXPRESS NEWS PAPER

FPCCI suggested to reduced dollar price through alternate industry

Date:  FEBRUARY 17, 2020

DAWN NEWS PAPER

Revenue from oil, gas products rises by 44pc

Budgetary proposals for change

PTA’s mobile phone registration system fails to lessen street crimes

Application Invited for 8th FPCCI Achievement Awards

Honda Atlas Cars (Pakistan) Limited, PUBLIC NOTICE

THE NEWS INTERNATIONAL

FATF meets in Paris today: Pakistan skips slipping into black list

BUSINESS RECORDER

Over Rs50bn inconsistency in pending refund claims

1263.2MW Trimmu plant, Govt may sign GSA & PPA on 'as available' basis

Elimination of exemptions/concessions, FBR starts working on budget plan

Pak-Turkey FTA, ICCI chief foresees huge opportunity

FPCCI issues notice to immediate past president

WEEKLY COTTON REVIEW, Low trading observ

Date:  FEBRUARY 16, 2020

DAWN NEWS PAPER

Govt confident about effectively fighting country`s case at FATF

LSM growth numbers leave manufacturers puzzled

Slow trading on cotton market

Plan to train 10m citizens in life-saving skills launched at AKU

THE NEWS INTERNATIONAL

Textile industry: A poor stitch-up

FPCCI urges govt to address EU concerns on GSP-plus regime

Provinces collect Rs110bln in sales tax on services

Sepa summons five textile mills’ owners on February 19

Sindh to spend Rs6bn to get Karachi 65mgd more water

Installation of CCTV cameras in full swing, says Karachi’s top cop

Targeting the tax net

BUSINESS RECORDER

'FATF week' begins today

700MW imported coal-fired plant, KE seeks notification of tariff determination

July-Dec LSMI up by 3.35pc

FPCCI seeks private sector's representation on Board of TIC

LCCI signs MoU with PHEC

'No fund released by federal govt for K-IV project'

No penalty for not filing GDs on goods imported as gift

IMF review: power remains the key

EXPRESS NEWS PAPER

Important meeting of FATF will start from today

Decided to remove unnecessary taxes & tax exemptions

Foreign investment reached to 3 billion dollars in Govt bonds

Agha Khan University started life saver programme in Pakistan


Date:  FEBRUARY 15, 2020

DAWN NEWS PAPER

Pakistan, Turkey to transform ties into economic partnership

Govt confirms circular debt at Rs1.8tr

December data shows rebound in large-scale manufacturing

No easy solution to get Pakistan out of BoP crisis: IMF

Pacts signed to boost trade with Turkey

Hot money inflows cross $3bn

Restricted buying on cotton market

THE NEWS INTERNATIONAL

Power Division says circular debt almost Rs1.8tr: The News stands by its story

Large scale manufacturing contracts 3.4 percent in first half

Private sector likely to get go-ahead for electricity import

LTU Karachi collects Rs764bln in July-January

BUSINESS RECORDER

PM hints at interest rate cut

GSP-Plus status: 5 key reservations of EU addressed, NA told

Trade to be increased to $5bn by 2023: Erdogan

Erdogan addresses business forum

Textile mills representatives summoned for not complying with environmental laws

Feb SPI up 16.38pc YoY

Immoveable properties, FBR revising valuation tables to raise revenue

Power sector's performance further worsens

PTA rejects proposed hike in electricity tariff

Volume of business improves on cotton market

EXPRESS NEWS PAPER

Second quarter, budget deficit reached to Rs.708 billions

M.O.U singed between FBR and Turk tax authorities

Date:  FEBRUARY 14, 2020

DAWN NEWS PAPER

US hails Pakistan’s effort in run-up to FATF review meeting

Pakistan, Turkey sign two MoUs

SBP reserves rise

Sluggish trading on cotton market

Green areas in Karachi decreased by 4pc from 2005 to 2017, says WB report

Dawn News, Cartoon

THE NEWS INTERNATIONAL

Submission of Haj applications from Feb 24

Private sector credit off-take plunges 68.2pc in July-Jan

FBR revokes exemption for importers from taxes on profit

PHMA threatens govt of strike

Forex reserves rise to $18.735bln

GSP report

BUSINESS RECORDER

Rs29bn refunds issued to export sector, NA panel told

Erdogan arrives to enhance trade, economic ties

GIDC collection, SC seeks report about money spent on gas projects

Anti-dumping duty impact on import of duplex board: Senate body seeks detailed report

WB identifies challenges to job growth

Cotton imports: Black Friday prorogued

Cargo clearance: FBR sets up 'LRMCs' at MCCs

Turkish company keen to expand investments

PBIF chief demands new strategic trade policy framework

Forex reserves up by $91m

21 manufacturers participate in Texworld Apparel Sourcing, Leatherworld Paris

High power tariff, Exporters threaten to go on strike if govt fails to honour commitment

LCCI hails Turkish president's visit as historic

JANG NEWS PAPER

For Tax Refund form “H” submission date extended up to 15th March

Committee made to resolve the problems of Tax Refund of Traders

EXPRESS NEWS PAPER

Pakistan & Turkey agreed to enhance Trade and Investment

CESS case: If applicant agreed then we stop to recover. S.C

To resolving the problems of Traders and Industrialist on priority basis. MD Water Bord

Date:  FEBRUARY 13, 2020

DAWN NEWS PAPER

Remittances rise to $13.3bn in 7 months

Local brands have great potential, says President Arif Alvi

State Bank raises freelance payment limit to $25,000

Yield for 12-month paper up 39bps

Cotton prices steady

Air pollution costs $2.9tr a year: report

‘Helpline 1093 being made more effective’

EOBI clarification

THE NEWS INTERNATIONAL

Erdogan’s visit starts today with heavy business-to-business agenda

Major upset for govt: Senate panel rejects Tax Laws (Second) Amendment Bill

Remittances grow to $13.3bln in July-January

State Bank of Pakistan raises freelancing payment limit up to $25,000

Provinces avow support to simplify business registration process

Helpline 1093 to receive complaints of municipal issues 24/7

Murad Ali Shah orders preparation of new plan to resolve traffic issues

Facebook-owned WhatsApp has over 2 billion users

ONLY RS.68.18 RELIEF TO COMMON MAN FROM GOVT PACKAGE

BUSINESS RECORDER

Items subjected to lower tax rates, 17pc GST may be levied to raise Rs200bn

Pakistan, Turkey likely to ink SEF

IMF team told, Country has entered period of stagflation

Jul-Jan remittances exceed $13bn

B2C transactions, SBP enhances payment limits against freelance services

Daroo sends legal notice to FPCCI president, S-G

SSGC arrests two gas thieves

Senate panel expresses reservations over increase in Hajj package

Minister pledges to make Helpline 1093 more effective

DGCV revises customs value of polyester filament yarn

Business community optimistic about increase in Pak-Turk trade

Erdogan visits Pakistan, 'Trade volume can be increased up to $2bn with some joint efforts'

Restructuring of FBR - the only way forward!

JANG NEWS PAPER

In coming budget, decided to remove tax subsidy of Rs.280 billions

Scientist prepared a vaccine for different viruses

EXPRESS NEWS PAPER

Interruption of Gas supply to Export Industry, overall reduction 30% in production

FBR issued rules for Risk Management, notification issued

Date:  FEBRUARY 12, 2020

DAWN NEWS PAPER

HAJ TO COST RS490,000 UNDER GOVT SCHEME

PM REACHES ACROSS DIVIDE FOR ADVICE ON ECONOMY

GOVT TRIED TO PASS OFF GAS CESS AS FEE, SUPREME COURT TOLD

DRIVING WHILE PHONING

NET POWER SECTOR RECEIVABLES UP 27PC

COMMODITIES: COTTON MARKET SLUGGISH

THE NEWS INTERNATIONAL

DRAFT NATIONAL ELECTRICITY POLICY 2020: FULL COST OF SERVICE NOT TO BE RECOVERED FROM CONSUMERS

CAR SALES FALL 48PC IN JANUARY

SHABBAR IS MY FAVOURITE, SAYS HAFEEZ SHAIKH

INCENTIVES IN THE OFFING TO BOOST FOREIGN REMITTANCES

PAKISTAN LACKS CAPACITY TO ENFORCE LAWS FOR TARIFF CONCESSIONS

SECP PROPOSES LEGAL CHANGES IN CORPORATE LAWS

BUSINESS RECORDER

EC SAYS FREEDOM OF EXPRESSION UNDER THREAT

ADJUSTMENTS IN TARIFF, RS.600BN PASSED ON TO CONSUMERS: NEPRA

POWER DIVISION ACCUSED OF FAILING TO BRING DOWN CIRCULAR DEBT

SLOW TRADING ACTIVITY SEEN IN COTTON MARKET

HAFEEZ HINTS AT REPLACEMENT OF SHABBAR

GOVT, PRIVATE SECTOR MUST JOIN HANDS FOR SUCCESS OF ECONOMIC DIPLOMACY'

LCCI URGES GOVT TO ABOLISH RD, ADDITIONAL DUTY ON RAW MATERIALS

FOUR INDUSTRIAL WORKERS BURNT ALIVE IN FAISALABAD

JANG NEWS PAPER

TAX CHARGING ON DIESEL RS.46, PETROL ON RS.35 PER LITER. MINISTRY OF PETROLEUM

HAJJ FURTHER EXPENSIVE, IMMIGRATION WILL BE IN PAKISTAN

EXPRESS NEWS PAPER

UNDER CONSIDERATION NAMES FROM CUSTOM, INCOME TAX OFFICER FOR THE POST OF CHAIRMAN FBR

INFORMED TO P.M CANNOT CONTINUE MY JOB- SHABBAR ZAIDI

EMIRATES AIRLINE ANNOUNCE TO PROVIDE PAKISTANIES PASSENGERS FREE OF COST ACCOMMODATION IN DUBAI HOTEL

Date:  FEBRUARY 11, 2020

DAWN NEWS PAPER

Qureshi wants business community to be partner in economic diplomacy

Govt not spending gas cess collection on infrastructure, SC told

Businesses optimistic about economic performance: survey

Exports to European Union double under GSP+

THE NEWS INTERNATIONAL

Coronavirus outbreak: IMF warns of negative impact on Pak economy

RLNG price raised by Rs109 per mmbtu for Feb

Vibrant diplomacy hinges on economic self-reliance: FM Qureshi

Filing unnecessary cases: SC hints at contempt of court proceedings against FBR

PM meets Haroon Akhtar, discusses overall economy, tax revenue

UAE retains third position in logistics in emerging markets

Pakistan formulates region-specific policy to increase exports

Electricity policy

BUSINESS RECORDER

Independent foreign policy, Qureshi links it to economic stability

Taxation matters, Haroon gives presentation to PM

Only a fraction of GIDC money spent on projects, SC told

Trade numbers - start worrying?

Revised prices of RLNG for SSGC, SNGPL notified

Govt fails to create 'lucrative' tax base: KCCI report

Businesses optimistic & have positive outlook for Q1: D&B

Exports and inflation

JANG NEWS PAPER

List sought of Exporters filled Form “H”

Imported Gas costly for one month by Rs109/- and Rs112/- per unit

Haroon Akhtar likely to be appointed Advisor Prime Minister on Revenue

Pakistan will come out from Grey List or not? Final decision will be on 16th February

Till tax to GDP% not improved prosperity cannot come. Finance Division

How to get relief from inflation

EXPRESS NEWS PAPER

IMF annoyed on low collection of taxes

Have to take up economy upward

Haj will be expensive by Rs1,13,000/- cabinet will get approval today

Foreign policy cannot be succeeded till economy is improved. Shah Mehmood

Rate if interest in Pakistan is on very high side. President FPCCI

Opposing CESS, Is industry do not need gas? Supreme Court

Date:  FEBRUARY 10, 2020

DAWN NEWS PAPER

Nepra advises producers to install solar-wind hybrid plants

CPEC: The ball is in Pakistan’s court

Dealing with bad loans is a tough job

Inflation pains

THE NEWS INTERNATIONAL

Govt-IMF talks today: Rs200 bn new taxes, hike in power, gas tariffs to be on table

Plastic bags to be recycled by ministry

Sustainable development

Dubai airport sees rare annual drop in passenger traffic in 2019

UAE banks to chase Rs1,080 bn defaulters in India

BUSINESS RECORDER

Sales tax refunds, Exporters concerned at delay in payment

'IMF conditions must be relaxed for economy'

PRGMEA demands one-window operation

Fiscal deficit and IMF

JANG NEWS PAPER

Dialogue with IMF today, decision will be taken with regard to new taxes worth Rs200 billion and increase in prices of electricity and gas

UAE bank will take legal action against Indian defaulter to recover Rs50,000 crore

Planned by industrial group to invest furthers Rs7 billion in addition to Rs4 billion  

Changes in Lease Law

Meeting with European Union Ambassador on GSP plus

EXPRESS NEWS PAPER

Policy dialogue with IMF today will begin

Foreign Minister Mr. Shah Memhmood Qureshi will visit Karachi today

Date:  FEBRUARY 09, 2020

DAWN NEWS PAPER

Currency depreciation main risk for hot money investors: JP Morgan

Number plates

THE NEWS INTERNATIONAL

Why industrial policy?

WHT collection tumbles 30pc to Rs4.3bln in July-January

State of the economy

BUSINESS RECORDER

PM assures export sectors, No change in power, gas tariffs for 3 years

Gas price notifications, Govt to expedite passage of legislation, IMF told

FPCCI urges govt to declare cotton emergency

Murad asks BoR to slash property's transfer period from 149 to mere six days

JANG NEWS PAPER

Proposal under consideration to incorporate expiry date on Notes to end corruption

Federal Minister Asad Umar likely to be appointed as Finance Minister again

Aneel Ambani was wealthiest businessman, but no now. Advocate

1% Wealthiest persons are owner of 2 lac to 3 lac dollar

EXPRESS NEWS PAPER

Due to non-refund of sales tax, activities of export oriented industries suspended

Federal budget decision to abolish unnecessary exemption in taxes

Forex reserves in bank continuously falling downward

Chief Minister Sindh asked to complete registration of property within 6 days

F.B.R: Anwar Gowaria resorted

Role of Korangi industries in economic development is of importance. S.M. Muneer

Mansha family money laundering instruction to forfeit temporarily

Date:  FEBRUARY 08, 2020


DAWN NEWS PAPER

Last two months see decline in exports

High interest rates hurting consumer financing

Cotton buying remains dull

LHC bans plastic bags at mega stores

Wasa set to install smart meters

Internet services exempted from excise duty, rules SC

Importance of online portals in boosting trade activities stressed

Federal minister blames Sindh govt’s ‘inaction’ for gas shortage

Economic diplomacy

Mini budget anxiety

THE NEWS INTERNATIONAL

Trade deficit contracts 15pc in January

EIU sees consumer inflation to remain elevated in Pakistan

FPCCI laments high policy rate

Irregularities of Rs6,085.4m detected in PIA accounts

Sindh govt responsible for gas shortage, says Omar Ayub Khan

International survey-based organisation improves Karachi’s ranking in crime rate

Exports take dip by $61m to $1.973bn in January 2020

BUSINESS RECORDER

Textile sector, Govt clears Rs16.48bn sales tax refund up to Jan 15

Zero-rated industrial sectors, KE tariff relief dependent on certification by FBR's IR

July-Dec 2019-20, Export of towel textiles increases by 3.16pc

Exports: Dawood describes FY20 as 'promising'

LCCI & FPCCI to act as think tank for economic well-being

Can Pak economy survive without IMF?

Foreign investment in govt securities hits all-time high

Indonesian CG for strengthening trade ties with Pakistan

DGTR agrees to introduce courses for all stakeholders

JAC FCCI demands to be presented to parliamentarian's body

KCBF, BAC urge govt to take steps for cotton industry's revival

Dhok Hussain Gas Field, OGDCL all set to start commercial production

Cotton rises on strong US export sales data

Transfers, postings in FBR

Internet services wholly exempted from FED: SC

JANG NEWS PAPER

Inflation very high after December 2010 to Jan 2020, UK Magazine

Likely to discover 10 trillion makab feet gas at Qalat

Ready to impose garbage tax in Mumbai

EXPRESS NEWS PAPER

Sindh Govt decided to remove car parking from the roads of Karachi

In spite of 40% devaluation of rupees, export not increased

FPCCI concern regarding reduction of cotton production

Provincial Govt is responsible for Gas crisis in Sindh. Omer Ayub

At the place of fire, we provide water free of cost. MD Water Board

In New Karachi Towel Factory upper floor caught fire

CNG station will be opened on Sunday form 7am

Increased in pension, start payment from March, Ministry of Overseas

Date:  FEBRUARY 07, 2020

DAWN NEWS PAPER

No new taxes, FBR tells IMF as govt tries to dispel talk of a ‘mini-budget’

Foreign investors see growth potential in Pakistan: survey

New tariff plan to be introduced to keep power rates down

Govt intends to borrow Rs1.9tr by July, NA told

SBP reserves rise

Nadra awaits govt notification to issue succession certificates

Sindh may stop collecting withholding tax for FBR: Murad

Water woes

Fuel adjustment charges

THE NEWS INTERNATIONAL

Value-added textiles fear exports to crash amid liquidity crunch

Exports take dip by $61m to $1.973 bn in January 2020

RTO-II Karachi revenue collection up 40pc in Jan

‘High interest rates to keep Pakistan’s growth sluggish’

Foreign firms voice concern over overdue tax refunds

OICCI survey: Five major concerns impede business, investment

Fresh cotton arrival statistics show decline of 2.1m bales

Bogus refunds

Poverty and inflation

BUSINESS RECORDER

'Textile sector facing tough time due to uncertain policies'

Exports decline 3.4pc YoY

Uniform power tariff, Hafeez mulls over various proposals

SECP issues draft of Companies (Amendment) Ordinance, 2020

Forex reserves move up by $282m

Hafeez heaps praise on Shabbar

Sindh 'reluctant' to collect WHT on behalf of FBR

Overseas investors, OICCI survey concerned at some areas of doing business

Tax frauds, corruption & NAB

FBR revenue - target and performance

JANG NEWS PAPER

5 Big hurdles towards business and investment, overseas investors chamber of commerce and industry, Survey

Advisor on Commerce will brief Prime Minister Today reasons on not enhancing country exports

Govt intends to borrows Rs1900 billion, Ministry of Finance

2 Lac people likely to be unemployed during 2 years, Hafeez Pasha

Alternate to be considered if it takes times in recovery of Shabbar Zaidi’s health. Hafeez Shaikh

Exporting industries become fed up on taking U-turn again and again

Cotton: low production!

EXPRESS NEWS PAPER

APTMA decided to close one day export activities

Difficult to make electricity further expensive, Govt bow down before IMF

Shabbar Zaidi sick, rumors with regard to him is wrong, Hafeez Shaikh

Total forex reserves stands at 18 billion 64 crore 45 lac dollar

Govt will borrow further Rs19 trillion till July

Date:  FEBRUARY 06, 2020

DAWN NEWS PAPER

Govt faces ‘very tough’ IMF review of fiscal deficit slippages

Hot money inflows could soar to $5bn

Punjab failing to boost tax collection

The inflation stew

THE NEWS INTERNATIONAL

Pakistan, IMF discuss options for fiscal adjustments

Sales tax collection on import sees 21 percent growth

Dubai airport reports first dip in passenger numbers in 20 years

Investment in premium prize bonds jumps over 200pc

FBR says chairman office is not vacant

Goodbye transparency!

No new taxes, please

BUSINESS RECORDER

ST regime: FBR examining proposals to bring about changes

27 percent increase YoY: July-January domestic collection stands at Rs 1.34 trillion

Shabbar to resume duties: FBR

FBR explains legality of Benami rules 2019

Dubai airport reports first dip in passenger numbers in 20 years

Bed-wear textiles posts 3.16 percent export growth

FPCCI urges government not to increase gas tariffs

Why exporters need more help?

Alice in Cuckoo Land

IMF programme needs tweaking

JANG NEWS PAPER

No statement has been given with regard to dialogue with Govt’s Economic Team and IMF. FBR

Chairman’s FBR post not vacant, FBR clarified, Dr. Hamid Ateeq gave statement in standing committee. Reporter

Close to target tax collection will be achieved. FBR

Record arrival and departure of passengers, Dubai airport remains worlds number one airport

11 Departments of Federal Govt got autonomous status

Agreement likely with Pakistan and IMF staff on mini budget

Pakistan will start issuing E-Passport form next July

Incentives for export sector unavoidable

EXPRESS NEWS PAPER

Levy further tax concession of Rs300 billion be abolished. IMF

FBR post not vacant, Spokesman clarified

Gas prices should not be increased. Anjum Nisar

Date:  FEBRUARY 05, 2020

DAWN NEWS PAPER

Power, finance divisions blame each other for hike in electricity price for exporters

India may issue $5bn bonds with no foreign cap

PIB yields rise

THE NEWS INTERNATIONAL

Govt asked to halt withdrawal of subsidy for export sectors

Downward revision of revenue target: FBR estimates Rs4,450 bn collection in current fiscal

ECC defers gas price hike, seeks further deliberation

IMF wants new taxes to meet revenue target

FBR chief’s office vacant: official

Has the govt been dodged?

Govt raises Rs59.4bln through PIBs

KTBA urges FBR to withdraw extension in audit cases

Exclusionary economy

BUSINESS RECORDER

Fiscal deficit under IMF microscope

ECC once again defers increase in gas prices

SSGC carries out inspection of 10 industries

FBR can collect only Rs4.5trn, IMF told

Jul-Dec period, Textile machinery import down 8.34pc

Audits of CCIR, CRTO; Contrary to SC order, FBR allows time extension

Nominations for Saarc Chamber of Commerce & Industry, Who has made country a source of laughter?

JANG NEWS PAPER

Instruction to collect Rs3520 billion to achieve target taxes be increased. IMF, Inflation will be increased. Pakistan

Did FBR bluff the Govt?

Chairman FBR post is vacant, spokesman Dr. Hamid Atiq confirmed

Summary with regard to increase gas prices again deferred, instruction to find out another solution

To collect arrears of electricity subsidy from textile, hide skin including 5 industries be sent to ECC recommended

IMF and Pakistan’s economic difficulties

EXPRESS NEWS PAPER

Increase in gas prices deferred, instruction to place alternate plan

IMF opposed to reduce rate of taxes

Karachi Chamber hailed to ease travel advisory by USA and UK for Pakistan

Combined effluent treatment plant project not yet started

Economy need fresh blood

Date:  FEBRUARY 04, 2020

DAWN NEWS PAPER

Govt set to approve increase in gas price as ECC meets today

Policies to check inflation will pay off in coming days: govt

Governor stunned by businessman’s outburst

Uncertainty grows around China imports

SBP takes measures to boost digital payments

CNIC condition

A.P.T.M.A. Appeal to the Honorable Prime Minister

THE NEWS INTERNATIONAL

FBR heading towards Rs750bln revenue shortfall in FY2020

Inflation to start receding soon: Hafeez Shaikh

Bogus tax refunds not possible without involvement of FBR officials: FTO

Clearing 355 containers at Torkham border without taxes: FIA to ascertain certificate of origin for exact losses

IMF team in Pakistan: Pakistan seeks Rs300 bn further cut in revenue target

ECC to meet today for approving gas price hike

A nation on the wrong side of a zero sum game

Business community of Faisalabad defers protest

Corona virus outbreak: Razak Dawood sees no impact on trade with China under FTA-II

Talks with the IMF

BUSINESS RECORDER

Hafeez says prices of food items to come down 'soon'

Electricity at concessionary rate, Ministry of commerce, textile not taken on board

IMF team briefed about recent developments

Feb 13-14 visit, Businesspeople to accompany Erdogan

Increase in gas prices, ECC to consider proposal today

All refund cases audited, subjected to scrutiny: FBR

Imported cellphones: experts underscore need for revision of tax slabs

From 2013-14 till Dec 2019, $12.52bn FDI attracted, NA told

Seat of SAARC Chamber president, UBG body endorses name of Iftikhar Malik

IMF's projections for 2019-20

A further jump in inflation

JANG NEWS PAPER

2nd Third review dialogue begins, Pakistan requests IMF to reduce revenue target further by Rs300 billion

Forged tax refund cannot be done without connivance of FBR. Federal Tax Ombudsman

Containers scandal, F.I.A will assess loss through original documents

E.C.C meeting called today, increase in gas price likely to be improved

Applications for Haj under Govt scheme likely to start from 15th Feb

Industry being provided electricity at 4.3 cent standing committee briefed

Report sought on additional taxes on zero rated industry

Electricity and Textile industry

EXPRESS NEWS PAPER

Govt made request to IMF reduce tax target collection, mini budget of Rs200 billion likely to be placed

IMF pressure gas likely to be expensive up to 15%

Date:  FEBRUARY 03, 2020

DAWN NEWS PAPER

IMF mission arrives to review performance under bailout package

Flight operations to China resume

SBP shouldn’t downplay this government’s failures

SBP’s traditional response to high inflation

Pakistan needs more vocational training

Debt and revenues

S.R.B. Ad on “TAX AWARENESS”

THE NEWS INTERNATIONAL

IMF-govt talks on release of third tranche from today

Smuggling at Torkham border: Wide range of probe under way on PM Imran’s direction

State Bank of Pakistan says recent spike in inflation transitory

Brace for the impact!

BUSINESS RECORDER

Total debt, liabilities, Govt enumerates reasons behind increase

Shabbar being replaced by Memon?

Action against customs officials ordered

DG I&I (IR) can't issue directives: ATIR

MPS 2020

FPCCI's concern over MPS

APTMA (South Zone) Ad “PROTECT OUR RIGHTS”

JANG NEWS PAPER

“No money to pay salaries” industrialist businessmen took oath before Governor

Advisor finance and Governor State Bank likely to on long leave. Uzma Bukhari

Shabbar Zaidi’s leave issue become complicated Govt looking for new Chairman

Want to use CEPEC to get access to Africa, Central Asia and China, Razzak Dawood

EXPRESS NEWS PAPER

FBR member customs and 4 collectors released from posts

2nd Economic review, IMF delegation reached Pakistan

Date:  FEBRUARY 02, 2020

DAWN NEWS PAPER

January inflation surges to 14.6pe, highest in 12 years

FBR report finds high-ranking officials involved in large-scale corruption

Mandatory to show CNIC for purchases of over Rs50,000: FBR

A tone-deaf monetary policy statement?

Millions of phones to stop running WhatsApp: report

THE NEWS INTERNATIONAL

Upcoming mini-budget: Government to reduce duties, open up imports

FBR to start scrutinising sales invoices for taxpayers

US issues new travel alert for Pakistan

CPEC: After the gold rush, Pakistan sees the downside

India relaxes fiscal deficit, cuts taxes to spur growth

BUSINESS RECORDER

Textile exporters accuse govt of failing in refunding ST claims

FBR's online refunds payment system fails: PHMA

40pc growth YoY, FBR receives over 2.342m tax returns till Jan 31

Import stage, Govt likely to reduce RDs, ACDs on several items

Inland Revenue service, FBR, WB start working on designing of strategic plan

JANG NEWS PAPER

Shabbar Zaidi on leave, additional charge of Chairman FBR handed over to Nausheen Javed

Preparation underway to bring mini budget, Govt considering to open imports, regulatory duty and customs duties likely to be reduced on few items

Foreign investment in treasury bills is dangerous. Zafar Shaikh

Tax revenue increased by 17% filing of tax return increased by 40% FBR

EXPRESS NEWS PAPER

Nausheen Javed Amjad appointed as Acting Chairperson of FBR

January 2020: Tax revenue volume stands at Rs320 billion

Instruction to take action against FBR officers involved in forged refund

Zero-rated sales tax no payment no refund system should be restored

15 U.S. trade delegations will visit Pakistan during current year

Tax revenue target not possible to achieve, Tax Experts

Date:  FEBRUARY 01, 2020

DAWN NEWS PAPER

Pakistan’s debt surges by 40pc in 15 months

Senate body passes two bills to meet FATF conditions

Dozen laws to be amended to meet FATF requirements

Revenue shortfall rises to Rs387bn

Major shake-up in Customs

Hot money inflows soar to $2.9bn

Britain sees ‘new dawn’ in farewell to EU

FBR leadership crisis

THE NEWS INTERNATIONAL

Container clearance scam: 13 officers of Customs Group transferred

Revenue collection: FBR facing Rs218 bn shortfall in seven months of fiscal

Petrol price to remain unchanged for Feb

Pakistan stops China flights amid coronavirus outbreak

WhatsApp won’t work on millions of mobile phones from today

BUSINESS RECORDER

Senate body passes AML bill with amendments

New power tariffs to badly affect export sector: PBIF

Debt, liabilities soar to Rs41.49trn

Govt takes big step towards FATF challenge

IT returns: deadline extended to 28th

Petrol prices remain unchanged

Transfers, postings in FBR

CORRIGENDUM; APLF Fashion Access, Hong Kong, March 31 – April 02, 2020

JANG NEWS PAPER

During 15 months loan increased by Rs11 thousand 610 billion

Ministry of Religious Affairs sent new Haj policy to Federal cabinet for approval

Containers clearance scandal, demand to Prime Minister to make enquiry through F.I.A

Filing of Tax Return extended up to 28th February

Decision to put on hold petroleum prices

Circular debt increased by Rs1660 billion disclosed in Senate Committee Meeting

LPG price reduced by Rs9.40 per kilo new rate will be applicable from today

FBR’s revenue shortfall during 7 months remain at Rs218 billion

EXPRESS NEWS PAPER

Differences with Advisor Finance, Shabbar Zaidi sick gone on long leave, Nousheen likely to become Acting Chairman

CNIC condition mandatory from today on purchase of more than Rs50,000/-, relief ends

Why industrial policy?

WHT collection tumbles 30pc to Rs4.3bln in July-January

State of the economy

SMEDA Invites Application for Organizational Development (OD) Grant