Date: FEBRUARY 29, 2020
DAWN NEWS PAPER
Government considering major cut in petrol, diesel prices
More than half of Pakistanis overweight: studyGovt 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
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 textilePact 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 PARKSummary 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 returnDate: 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
Dullness prevails on cotton market
Exporter tariffsCoronavirus 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 OthersSeminar 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 returnsDate: 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 marketDouble-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 BengaliBilateral 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 monthsDecided 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 shortageDate: FEBRUARY 26, 2020
DAWN NEWS PAPER
MICRO-POLLUTION RAVAGING CHINA, SOUTH ASIA’: LAHORE SECOND MOST POLLUTED MEGACITY
PAKISTANI IMPORTERS EXPLORING NEW RAW MATERIAL SOURCES AMID CORONAVIRUS FEARS
SIX FACTORS CAUSED TAX REVENUE SHORTFALL
SLOWDOWN ON COTTON MARKETGOVT 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
ADVERTISEMENTMOF IDENTIFIES REASONS BEHIND REVENUE SHORTFALL
PROPOSED REDUCTION IN POWER TARIFFS
SAUDI ARABIA INTRODUCES ONE-YEAR MULTIPLE ENTRY VISIT VISA
TAX CHALLENGES OF DIGITAL ECONOMY
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 IMPORTFORTY YEAR OLD DISPUTE RESOLVED, PAKISTAN & RUSSIA AGREED TO ENHANCE TRADE
K-ELECTRIC GIVEN APPLICATION TO INCREASE THE RATE OF ELECTRICITYDate: 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
Gold hits new peak‘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’
Banks to open on Feb 29, March 1
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
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
FATF challenge still persistsReduction 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 tomorrowFBR traced out 3 billion doubtful bank transactions
Hajj application collection start from today, new schedule issuedDate: FEBRUARY 24, 2020
DAWN NEWS PAPER
Govt to help KE raise generation capacity by 1,600MW
PIA suspends flights to Beijing till March 15 due to coronavirus scarePakistan’s economy on path to recovery: Credit Suisse
Pakistanis can now get Saudi visit visa on arrivalRemittances thru official channels, Overseas Pakistanis to be offered new incentives
Pakistan’s challenges greater than Egypt’s: Credit Suisse
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 riskGovt 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 yearPressure increased on the Govt to reduce policy rate
Ban on Leave in FBRDate: FEBRUARY 23, 2020
DAWN NEWS PAPER
Traders refuse to pay power bill, announce strike for 25th
FATF grey listFBR’s reform process chokes in Shabbar Zaidi’s absence
Bilateral trade volume far below than actual potential: Bulgarian envoy
Tax authorities recover Rs1.8 billion from foreign transactions
Credit Suisse sees 100-200bps rate cut in second half of 2020
Rudderless economy struggles to stay on course
Over 400 illegal gas connections cut offTax 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?Different names under consideration for the post of Chairman FBR
Likely to reduce withholding tax of import on mobile phoneToo 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) GrantDate: 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 marketTextile 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 wealthAPTMA 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 driveLast 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 marketIn 2047 Pakistan will be included in best middle income countries. World Bank
Crown Group introduced Electric Car, Motor Cycle & RikshawDate: 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
Cotton market steadyPakistan’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’ availabilityWB 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 policyFATF; 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 JuneDate: FEBRUARY 20, 2020
DAWN NEWS PAPER
Current account deficit shrinks 72pc in seven months
Search for new FBR head begins
Unsold cotton stocks dwindleC/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 KarachiSix 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'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 eruptedDate: 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
Cotton production falls to 8.6m bales
Listless trading on cotton marketGovt 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 announcedReduction in industrial power tariff on the cards
Composite audit of registered taxpayers on the cards
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 issuedLikely 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 officersShabbar 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 KHIDate: FEBRUARY 18, 2020
DAWN NEWS PAPER
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
Inflated KE billsCircular 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
Scope of recovery from taxpayers extended
FCY loan, FIs can raise additional Tier 1 capital: SBP
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 recommendationsIMF not imposed any condition for next installment
Circular debt increasing 12 to 14 billion every month
EOBI huge announcement for retired employees & widows
India become 5th economic power of the world
EXPRESS NEWS PAPER
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 NOTICEFATF 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 observDate: FEBRUARY 16, 2020
DAWN NEWS PAPER
Govt confident about effectively fighting country`s case at FATF
LSM growth numbers leave manufacturers puzzled
Plan to train 10m citizens in life-saving skills launched at AKUTextile 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 net700MW imported coal-fired plant, KE seeks notification of tariff determination
FPCCI seeks private sector's representation on Board of TIC
'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 keyImportant 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
Restricted buying on cotton marketPower 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-JanuaryGSP-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
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 marketSecond quarter, budget deficit reached to Rs.708 billions
M.O.U singed between FBR and Turk tax authoritiesDate: FEBRUARY 14, 2020
DAWN NEWS PAPER
US hails Pakistan’s effort in run-up to FATF review meeting
Pakistan, Turkey sign two MoUs
Sluggish trading on cotton market
Green areas in Karachi decreased by 4pc from 2005 to 2017, says WB report
Dawn News, CartoonSubmission 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
Forex reserves rise to $18.735bln
GSP reportRs29bn 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
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 historicFor 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 BordDate: 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
Air pollution costs $2.9tr a year: report
‘Helpline 1093 being made more effective’
EOBI clarificationErdogan’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 PACKAGEItems 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
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!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 issuedDate: 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
NET POWER SECTOR RECEIVABLES UP 27PC
COMMODITIES: COTTON MARKET SLUGGISHDRAFT 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 LAWSEC 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 FAISALABADTAX CHARGING ON DIESEL RS.46, PETROL ON RS.35 PER LITER. MINISTRY OF PETROLEUM
HAJJ FURTHER EXPENSIVE, IMMIGRATION WILL BE IN PAKISTANUNDER 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 HOTELDate: 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+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 policyIndependent 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 inflationList 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 inflationIMF 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 CourtDate: 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 painsGovt-IMF talks today: Rs200 bn new taxes, hike in power, gas tariffs to be on table
Plastic bags to be recycled by ministry
Dubai airport sees rare annual drop in passenger traffic in 2019
UAE banks to chase Rs1,080 bn defaulters in IndiaSales tax refunds, Exporters concerned at delay in payment
'IMF conditions must be relaxed for economy'
PRGMEA demands one-window operation
Fiscal deficit and IMFUAE 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
Meeting with European Union Ambassador on GSP plusPolicy dialogue with IMF today will begin
Foreign Minister Mr. Shah Memhmood Qureshi will visit Karachi todayDate: FEBRUARY 09, 2020
DAWN NEWS PAPER
Currency depreciation main risk for hot money investors: JP Morgan
Number platesWHT collection tumbles 30pc to Rs4.3bln in July-January
State of the economyPM 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 daysProposal 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 dollarDue 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
Role of Korangi industries in economic development is of importance. S.M. Muneer
Mansha family money laundering instruction to forfeit temporarily
DAWN NEWS PAPER
Last two months see decline in exports
High interest rates hurting consumer financing
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
Mini budget anxietyTrade 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 2020Textile 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
Internet services wholly exempted from FED: SCInflation 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 MumbaiSindh 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 OverseasDate: 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
Nadra awaits govt notification to issue succession certificates
Sindh may stop collecting withholding tax for FBR: Murad
Fuel adjustment chargesValue-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
Poverty and inflation'Textile sector facing tough time due to uncertain policies'
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
FBR revenue - target and performanceAdvisor 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!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 JulyDate: 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 stewPakistan, 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
No new taxes, pleaseST regime: FBR examining proposals to bring about changes
27 percent increase YoY: July-January domestic collection stands at Rs 1.34 trillion
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
IMF programme needs tweakingNo statement has been given with regard to dialogue with Govt’s Economic Team and IMF. FBR
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 unavoidableLevy further tax concession of Rs300 billion be abolished. IMF
FBR post not vacant, Spokesman clarified
Gas prices should not be increased. Anjum NisarDate: 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 riseGovt 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
Govt raises Rs59.4bln through PIBs
KTBA urges FBR to withdraw extension in audit cases
Exclusionary economyFiscal 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?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
IMF and Pakistan’s economic difficultiesIncrease 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
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
A.P.T.M.A. Appeal to the Honorable Prime MinisterFBR 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
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 IMFHafeez 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 inflation2nd 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 industryGovt 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
S.R.B. Ad on “TAX AWARENESS”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!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
APTMA (South Zone) Ad “PROTECT OUR RIGHTS”“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 DawoodFBR member customs and 4 collectors released from posts
2nd Economic review, IMF delegation reached PakistanDate: 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: reportUpcoming 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 growthTextile 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 planShabbar Zaidi on leave, additional charge of Chairman FBR handed over to Nausheen Javed
Foreign investment in treasury bills is dangerous. Zafar Shaikh
Tax revenue increased by 17% filing of tax return increased by 40% FBRNausheen 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 ExpertsDate: 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
Hot money inflows soar to $2.9bn
Britain sees ‘new dawn’ in farewell to EU
FBR leadership crisisContainer 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 todaySenate 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
CORRIGENDUM; APLF Fashion Access, Hong Kong, March 31 – April 02, 2020During 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 billionWhy industrial policy?
WHT collection tumbles 30pc to Rs4.3bln in July-January
State of the economySMEDA Invites Application for Organizational Development (OD) Grant