JavaScript seems to be disabled in your browser.
You must have JavaScript enabled in your browser to utilize the functionality of this website.

Date  July 31, 2019

DAWN NEWS PAPER

NA panel clears anti-money laundering, forex bills

Names of 3.26m power consumers missing from sales, income tax records

Substantial rise in prices of petroleum products proposed

Offshore tax evaders to face jail time, fines

Power outages mar trade, industrial activities

US hints at greater economic engagement with Pakistan

Review old tax laws

THE NEWS INTERNATIONAL

FBR to get tax from income received from relatives without cross cheque

Inland movement of foreign currency worth more than $10,000 banned

Govt warns offshore tax evaders of fine, imprisonment

Extension in CNIC condition demanded

BUSINESS RECORDER

Immovable property values: FBR toughens requirement for purchasers

Source must be explained: Remittances exceeding Rs5m not added to taxable income: FBR

Cash gift: FBR explains income from other sources

POL products” prices may soar

$10,000 limit for individuals to carry proposed: SBP

Commissioner enjoys powers to conduct banks” audit: FBR

Non-appearance in ATL: Persons to be subjected to 100pc increased rate of tax

Unregistered persons: LCCI for relaxing CNIC condition

JANG NEWS PAPER

Imprisonment increased in money laundering, banned on transferring more than 16 lac local or foreign currency

Amendments in Income Tax Ordnance 2001, annual income tax exemption fixed at Rs 6 lac

OGRA recommends to enhance raet of petrol Rs 5.15 and diesel by Rs 5.65 per litre

Expansion in tax net

Electricity Expensive

EXPRESS NEWS PAPER

One more condition of FATF full filled, State Bank’s permission mandatory to take more than 10,000 dollar within country

Period of stay of Pakistanis aboard reduced

5% penalty on purchasing property of more than Rs 50 lac in cash. FBR

Proposal to increase petroleum products by Rs 8.90

Date  July 30, 2019

DAWN NEWS PAPER

Economic fantasy?

Rains paralyse business in Karachi

China to help fbr reduce misdeclarations

Bedwear exporters reject proposed refund rules

India’s tax rise for high earners may trigger fund flight

THE NEWS INTERNATIONAL

Tax filers up from 1.4m to 2.2m, says FBR Chairman

Property value

Debt inquiry commission: details of 400 foreign loans obtained in last 10 years received 

BUSINESS RECORDER

Export oriented sectors: TMA urges FBR to set up separate refund mechanism

Zardari accused of obtaining rs1.5bn loans fraudulently

BMP for stronger trade policy

PBEA chief seeks discussion on issue of draft refunds rules

Pakistan’s international rankings

Govt withdraws fed exemption on internet, broadband services

Taxation matters: Pakistan, china to sign MOU: Shabbar

Two categories of small retailers: FBR plans to charge fixed tax rates

JANG NEWS PAPER

Tax filers reached to 22 lac from 15 lac fixed tax proposed to bring big and small shop keepers in to tax net

EXPRESS NEWS PAPER

Bad news for consumers, electric price likely to enhance

Date  July 29, 2019

DAWN NEWS PAPER

Rs200bn to be raised for circular debt payment

Is private-sector lending riskier now?

Incentivising local industry

The hyperbole of Pak-US trade

Pakistan Textile Exporters Association Ad, “Congratulations” 

THE NEWS INTERNATIONAL

100,000 non-filers to be put on notice: FBR

FATF challenges 

BUSINESS RECORDER

Tax year 2018, FBR receives 2.1m income tax returns so far

100,000 non-filers to be issued notices

Inflation

JANG NEWS PAPER

Non-filers now to be brought under tax net. Shabbar Zaidi

Govt obtained Rs 180 billion 52 crore new loan 

EXPRESS NEWS PAPER

5 Days left in filing of tax returns date

Date  July 28, 2019

DAWN NEWS PAPER

T.M.A - Towel exports likely to go down

100,000 non-filers to be issued notices

Tax refunds 

THE NEWS INTERNATIONAL

Business community seeks govt’s attention to address challenges

Subsidised gas supply sought

Discord over reforms likely to frustrate revenue ambition

Import tax revenue up Rs222bln in FY2019

Eidul Azha likely on 13th: Pak Met

Canada includes Pak students in fast track visa plan

BUSINESS RECORDER

5 export-oriented sectors: FBR extends ERS scope

CNIC or NTN requirement: Foreigners to face difficulties if purchases exceed Rs50,000

Wrapping material

JANG NEWS PAPER

Govt offset loan by taking loan from commercial bank

Rs 1680 tab to be paid on mobile of 200 dollar and Rs 1740 tax to be paid on mobile phone of 350 dollar

Eidul Azha likely on 13th: Pak Met 

Canada includes Pak students in fast track visa plan

EXPRESS NEWS PAPER

T.M.A - Sales tax refund rules farmed for export sector

F.B.R sought report on evasion of Rs 1.34 billion sales tax in Lahore

Pakistan’s revenue collection system failed, flaws are also in FBR. World Bank

Date  July 27, 2019

DAWN NEWS PAPER

FBR drafts new rules to expedite refund claims processing

Exports to EU remain stagnant despite GSP+

Solar power system prices go up

IMF to select new head by Oct 4

Amnesty scheme

Excise Taxation and Narcotics Advertisement “Taxpayers” 

THE NEWS INTERNATIONAL

FBR issues rules for sales tax refunds

Tax collection from salary income falls 43 percent in 2018/19

1,000 sq ft shops to pay 17pc GST

Govt borrows $9.85bln to pay back $8.94bln foreign debt in FY19

SBP extends renewable energy loan scheme

Murad directs KWSB to launch rotation-based system of water supply 

BUSINESS RECORDER

Chinese investors told: Government focused on ”ease of doing business”

Dawood says US expected to soften travel advisory up

GSP Plus arrangements in post-Brexit scenario: UK assures continuation of special incentives

Renewable energy: financing scheme extended up to June 30, 2022

Exemption withdrawn: internet, broadband services to pay 19.5 percent SST

Curtailment of taxman’s role

Column of profession removed from Passport

JANG NEWS PAPER

Sales tax refund rules issued for 5 sectors including textile

Explanation circular with regard to amendments in finance act, excise duty slab of vehicles released

17% GST to be paid on 1000 square feet shops

Sindh Govt should revisit imposition of 19.5% sales tax on internet. Fawad Choudhry

CNIC condition on purchase of more than Rs.50,000/- will be applicable from 1st August

15% Increase in exports to European Union due to GSP plus

Import duty imposed on import of mobile phone 

EXPRESS NEWS PAPER

CNIC condition on purchase of more than Rs.50,000/- will be applicable from 1st August

Import duty imposed on mobile phone, vehicles and imported items

Effective system to keep record of loans not available with Pakistan

One lac Haj pilgrims 24000 sick 13 passed away

Demand made with USA to abolish travel advisory. Razzak Dawood

Date  July 26, 2019

DAWN NEWS PAPER

Pakistan discusses economic recovery plans with WB, IMF

SBP seeks to remove confusion over foreign currencies

Reserves dip

No new tax on bike, rickshaw: FBR

Embassies & insurance

Property rates

Karachi Traffic Police, Public Notice 

THE NEWS INTERNATIONAL

Govt collects $60m tax on foreign assets declarations

President urges businessmen to use IT to promote business

FBR refutes levying withholding tax on motorcycles, rickshaws

Where’s the power?

Karachi may receive 60-80mm rain on Monday and Tuesday, warns PMD

Banks likely to pay higher tax on income from papers

Forex reserves fall to $14.862 billion

Cut-off rate of 3-year PIB up 55bps

Biannual filing must be clarified 

BUSINESS RECORDER

FBR unveils ”FASTER” for five export sectors

Off to a slow start

KTBA urges FBR to accept first biannual WHT statement for 4-months

Forex reserves fall by $387 million

In pursuit of exports

JANG NEWS PAPER

Commercial banks refused to provide details of account holders to FBR

Obtaining driving license mad easy at Nazimabad, D.S.P Maqsood Akhtar

Tax not levied on motorcycle and auto rickshaw. FBR

EXPRESS NEWS PAPER

Pakistan’s budget lost its credibility. World Bank

Banks refused to furnish information about accounts holder to FBR

FBR contradicts to levy withholding tax on motorcycle and auto rickshaw

Date  July 25, 2019

DAWN NEWS PAPER

Engineering body calls for removal of non-technical persons from key posts

Trade imbalance 

THE NEWS INTERNATIONAL

Budget deficit estimated to be Rs3.3tr in FY 2018-19

FBR appoints new tax commissioners in different cities

FPCCI to confer awards today

IMF team visits LTU Karachi 

BUSINESS RECORDER

Import of plant, machinery: Industries seek clarity on applicability of ‘MVAST’

Switzerland the world”s most-innovative in latest rankings

Poor response to diaspora bonds

Minister clears up CNIC condition for women purchasing goods worth over Rs 50,000

Tax office allows inadmissible input tax of Rs 51.9 million

Pakistan’s economy: 50 years ago

JANG NEWS PAPER

Tax on profit of saving scheme, 2 lac pensioners and widows will be effected

Budget deficit on GDP will be increased by 8.6%. Dr. Hafeez Pasha

People in distress on levy of 30% tax on prize bond amount, demand to take notice

Decision to levy withholding tax on motor cycle and rickshaw

Record increase in Pak-US trade during 2018-2019

Enhanced circular debt

New rates of immoveable property 

EXPRESS NEWS PAPER

Increase in Govt rates of properties in big cities

Date  July 24, 2019

DAWN NEWS PAPER

Property valuation rates for taxation raised in 20 cities

Trade unions 

THE NEWS INTERNATIONAL

Shabbar Zaidi briefs ISI on export-oriented sectors

FBR jacks up property valuation rates for 20 cities

Budget deficit of last fiscal may touch Rs3,300 bn

FBR unveils up to 60pc increase in valuations of properties

Govt plans to raise RLNGby 400mmcfd till yearend

Convention 190 

BUSINESS RECORDER

20 cities: Values of immovable properties revised upward

Revival, rehabilitation of distressed companies, SECP issues strict code of conduct for insolvency experts

SAI calls for input tax inadmissibility in stages

Business community hails Trump’s decision to boost trade ties

Government urged to harmonize labour taxes

Benami account holders’ data

JANG NEWS PAPER

Shabbar Zaidi brief’s ISI on Export Sector

Notification issued with valuation of immoveable property in 20 cities 

EXPRESS NEWS PAPER

Official rate of property in 20 cities increased by 30%, Karachi at the top

Heat remains constant, rain with thunderstorm on 27th July 2019 likely

Date  July 23, 2019

DAWN NEWS PAPER

FBR chief asks banks to provide data about benami accounts

IMF urges Pakistan to mobilise revenue

CNIC mandatory for purchases over Rs50,000

Trade imbalance

Forex regulations

Property tax 

THE NEWS INTERNATIONAL

Pakistan’s exports to South Asia fall 14pc in FY19

IMF says Pakistan committed to bold structural reforms

LTU Karachi collects Rs11.52bln WHT on non-cash banking transactions

NKATI protests against SSGC

KCCI lauds exemption of WHT

Shabbar seeks Benami accounts information within a fortnight 

BUSINESS RECORDER

Benami accounts: FBR asks banks to furnish details in 15 days

Unregistered buyers: FBR issues procedure for provision of CNICs

Immovable property valuation rates finalised

Seventh Schedule: SECP unveils revised fee structure for different companies

Monthly FE returns: SBP effects changes in ITRS

‘FPCCI Achievement Awards sheer violation of DGTO order’

NKATI urges SSGC to supply gas at subsidized rates

Moderation in C/A deficit

No change in instruction on purchase of foreign currency notes by banks: SBP

FBR urged to revise automated system for GST registration

JANG NEWS PAPER

Importers agreed to pay sales tax on imported goods 

EXPRESS NEWS PAPER

Chairman FBR sought detail of benami accounts from banks

Permission not given to banks to sell and purchase foreign currency. State Bank

Action will be taken on wrong CNIC produced for purchase of above Rs 50,000/-

North Karachi Factories deprived of gas subsidy

F.B.R’s action, money laundering above of Rs 2 billion detected

Date  July 22, 2019

DAWN NEWS PAPER

Dejected textile sector needs cheering up

PM lobbies for US investment in Pakistan

Gas network under stress due to low demand

CAA withdraws mandatory baggage wrapping policy

PM in Washington 

THE NEWS INTERNATIONAL

Pak-US goods trade rests at $6.6 bn

Pak HC invites Canadian businesses to invest in Pakistan 

BUSINESS RECORDER

US investors urged to cash in on opportunities

The inflation challenge

The plight of trade, industry

Pakistan’s economic stepchild

JANG NEWS PAPER

PIA will give 10% concession to senior citizen on fare

Implementation on CNIC condition will be at all cost. Chairman FBR 

EXPRESS NEWS PAPER

CNIC condition will be implemented. Chairman FBR

Pakistan exports likely to reach to 36.7 billion dollar during 5 years. IMF

Banks allowed to sell and purchase foreign currency

Date  July 21, 2019

DAWN NEWS PAPER

Banks allowed to do foreign currency business with public

Generator sales decline amid improving power supply 

THE NEWS INTERNATIONAL

Textile exports down 1.42pc in FY19

SBP revises regulations on foreign exchange operations

Taxation ambiguities

The tax net

BUSINESS RECORDER

New collection setup in the offing: Taxman’s role being curtailed

APTMA opposes imposition of ST on local cotton

‘Top Thai Brands 2019’ expo opens: FTA with Thailand to boost trade, investment: KCCI chief

Flexibility in IMF & FATF stance: PBIF chief pins high hopes on PM’s visit to US

EXPRESS NEWS PAPER

Case of Rs 1.34 billion tax theft pending till 2 years disclosed

Few Chapters of foreign exchange manual revisited

New tariff gas and electricity for export sector likely to come soon

86 consignment of packing material is under investigation against money laundering

Policies adopted for reduced imports is ineffective

Date  July 20, 2019

DAWN NEWS PAPER

Consensus must for programme success: IMF

UAE to open Asia’s biggest visa centre in Karachi: envoy

FBR asked to review applicability of taxes on shares, securities

Textile exports stagnant

Indian govt seeks $14.5 foreign loans for small firms 

THE NEWS INTERNATIONAL

Pak situation needs major shift in economic decision making: IMF

ICCI concerned about 50pc fall in FDI

FBR eyes five million return filers in two years

Customs probes suspected money laundering in imports from China 

BUSINESS RECORDER

FDI, Afghanistan likely to be main focus

FBR identifies  “non-filers”

Aptma raises issue of gas tariff with top officials

Industrialists urged to get extra gas load regularised

President to confer FPCCI achievement awards

Mis-declarations and smuggling

JANG NEWS PAPER

Businessmen involved in selling smuggled goods will be handled strictly. FBR

Aftab Imam made Chief Commissioner of Corporate Regional Tax Office

Decision to establish import export bank for exporters 

EXPRESS NEWS PAPER

All have to pay tax, demand to waive off CNIC condition not acceptable. Shabbar Zaidi

Noncooperation of employees, FBR will setup official camp of office to file tax return

Big visa centre will start working in September. Ambassador U.A.E

FBR’s Dr. Aftab Imam appointed Chief  Commissioner of Corporate RTO

Industrialists should ensure formal registration of additional connected load. MD SSGCL

Date  July 19, 2019

DAWN NEWS PAPER

PM hints at low-cost credit for machinery purchase

Raise revenue, curb smuggling, Zaidi tells taxmen as govt says FBR chief here to stay

Dubai’s big spenders tighten purse strings

SBP reserves rise by $918m 

THE NEWS INTERNATIONAL

PM’s visit to US: Govt uncertain about seeking tariff concessions

Institutions must ensure rule of law: PM

FPCCI criticises hike in interest rate

‘New industrial policy to prove game-changer’

SECP issues search and seizure rules for property

Naeem says FBR chairman not being changed

FBR begins probe into export losses from mispricing

SECP denies mulling crackdown on companies

Forex reserves rise to $15.249bln 

BUSINESS RECORDER

PM meets Punjab businesspeople, vows facilitation

Shabbar not being removed: PM’s Office

SECP clarification

Dawood, US-Pak Business Council team discuss trade, investment scope

Uncertainty affecting investment climate: PBIF

IMF staff report on programme risks

FBR chief urges businessmen not to indulge in under-invoicing

Government urged to cut interest rate, power & gas tariffs

JANG NEWS PAPER

Prime Minister visit to U.S, Govt not yet decided regarding concession in tariff

Imran Khan’s speech at Washington, Businessman to bear expense of Rs 58 crore

Chairman FBR Shabbar Zaidi being not removed from post. Naeemul Haq

SECP announced rules of raiding houses and offices

Decision to take action on providing wrong figure of under invoicing and imported materials

Appointment and transfer are routine matter, officials should concentrate on tax collection. FBR

Members FBR Faheem Khan appointed Director General Withholding Tax 

EXPRESS NEWS PAPER

Strict action on furnishing wrong figures of under invoicing and imported materials

Date  July 18, 2019

DAWN NEWS PAPER

PM urges businessmen to help generate more taxes

Rate hike ignites govt debt market

Current account deficit shrinks 31.7pc

Pak Suzuki has no plans to cut production 

THE NEWS INTERNATIONAL

Smuggled items’ sellers opposed to CNIC condition: PM

APTPMA decides to resume business activities

ICCI resents further raise in SBP policy rate

FPCCI’s awards ceremony on 25th

No plan for direct US, Pakistan flights

High interest 

BUSINESS RECORDER

Steps being taken to end corruption within FBR: PM

17 percent GST, CNIC condition: Government not meeting major demands of businessmen

Agreement with IMF: Government to further increase power tariff by Rs 3.5 per unit

Sindh governor assures business community of resolving problems

PTEA urges govt to address issues of export growth

Towards self-reliant defence capability

100bps hike in policy rate

JANG NEWS PAPER

Will not be back out due to fear of strike, seller of smuggled goods is against CNIC condition. Imran Khan

8 Million people performed Ummrah current year. Saudi Arabia

FBR issued instruction to Electric and Gas companies to charge sales tax on standard rates from big Hospitals having 50 beds

1 Million Sims and free Internet gift to Haj pilgrims coming to Mecca

New economic measures and effects of review 

EXPRESS NEWS PAPER

Reforms will be done at all cost, back out on pressure of strike will be rebel. Prime Minister

Rs 33.6 billion to be collected against property tax from Karachi planned

Current account deficit reduced by 32% due to low import during 2018-2019

Forfeiting of property to be proved if made through unfair means. Supreme Court

Industrialists and Economic Experts rejects enhanced interest rate

Supply of Gas to Industries be ensured on daily basis. Saleem Parekh

Favourable economic condition awaiting changes

Date  July 17 , 2019

DAWN NEWS PAPER

Decision to register traders won’t be withdrawn, cabinet resolves

Interest rate hiked to 13.25pc, highest in eight years

HEC issues final notification to abolish two-year BA/BSc, MA/MSc

New FBR chairman being considered

Lagarde resigns as IMF chief

KCCI talks trade and investment ties with US diplomat

PBS data collection system

Heinous crimes 

THE NEWS INTERNATIONAL

Policy rate raised by 100 basis points to 13.25pc: Inflation higher than previously projected, says SBP

Govt proposed to raise special force

Shabbar Zaidi declines to become SAPM?

FBR devises plan for field offices to meet Rs5,550 bn target

Freezing gas, power tariffs urged

TDAP to hold Pakistan Pavilion in NY

Stakeholders dub rate hike a big blow to business

PM’s reform panel scrambles for a new cotton price formula

FBR doubles penalty on non-filing of sales tax returns

US keen to expand trade, investment ties: envoy

Pak Motorways Police driving licence will be valid in UAE

Tax collectors 

BUSINESS RECORDER

Upside inflationary pressures

Inflation may hit 15pc: Ayesha Pasha

Target rate and O/N repo rate revised

Incoming passengers told, Mobile phones to be cleared as per new rates of duties, taxes: FBR

Policy rate: Is this the peak?

The future of Make in Pakistan

SBP doesn’t hold back

Business environment, US CG’s economic unit chief seeks KCCI input

FPCCI believes in dialogue for resolving issues: VP

Income Tax Ordinance, FBR seeks ministry’s support for implementing Section 181AA

Stabilization challenges

JANG NEWS PAPER

Determine to give all support to investors. Imran Khan

Did Chairman FBR refused to become special assistant?

Tax collection target, FBR prepared implementation plan for field officers

State bank monetary policy is the charge sheet against Govt. Miftah Ismail

Airport charges of plastic coating of travelling kit reduced from Rs 400/- to Rs 50/-

Proposal to levy up to Rs 1500/- tax on graves in Lahore

Economy is on the way of stability?

Tax reduced on mobile 

EXPRESS NEWS PAPER

1/% increase in interest rate, new weave of inflation will come. Governor State Bank

Proposal to explain tax section 37-A to FBR

Govt is suffering more due to increase in interest rate economic experts

17% fixed tax, dialogue on CNIC between Govt and Business Community failed

Date  July 16 , 2019

DAWN NEWS PAPER

Chambers and industry alarmed by traders’ strike; support documentation efforts

GDP growth shrinks as twin deficits dampen output: SBP

FDI falls to four-year low

No power connections for non-filers: FBR

Reshuffle continues in tax machinery

Imported items without retail price tag given clearance

SBP report shines light on food insecurity

Service charges for pre-paid mobile cards withdrawn

Amnesty scheme 

THE NEWS INTERNATIONAL

Registration must for all businesses

Economy stabilising despite slow progress: SBP

More LNG supply: Qatar annoyed with Pakistan

FBR chairman writes to Power Division: Non-filers should not get commercial power, gas connections

Hike in interest rate: Debt servicing doubles in last two years

PM convenes FBR meeting tomorrow

FDI falls 50pc to hit five-year low in FY19

SBP stresses deep-rooted structural reforms for economic stability

FPCCI assures support to govt

Eidul Azha to be on August 12, says Fawad

Mobile phones under personal baggage exempted from taxes

SC suspends additional taxes on mobile cards

Lessons from Egypt Part - II 

BUSINESS RECORDER

Stabilization agenda needs to be reinforced: SBP

Inflation outlook remains high

APTMA urges govt to end post-budget uncertainty

Importers, traders agree to pay sales tax at retail price

Mobile phone top-ups, Cellular operators withdraw 10pc service charges

May 15, 2019, Airlines fares increased by 15-20pc

Printing of retail price on imported Third Schedule items, FBR issues sales tax order ‘relief’

Power, gas connections, FBR asks ministry not to entertain unregistered applicants

FBR urged to publicise city-wise data on website

Textile chain of Faisalabad, FBR refuses any relaxation to two major demands

JANG NEWS PAPER

Registration for every business is a must, rate of tax be fixed considering consumers miseries

K-Electric, bill of peak and of peak tariff started issuing, consumers in distress

Decision in country’s history first time to introduce E-commerce Policy 

EXPRESS NEWS PAPER

On instruction of Supreme Court fees on mobile card reduced Rs 87.85 will be given on loading card of Rs 100

Date  July 15 , 2019

DAWN NEWS PAPER

‘Economy needs stimulation’

Very few take up offer to whiten money in Bangladesh

Traders’ strike

Chinese investment

ATM scam

THE NEWS INTERNATIONAL

Tax returns’ filing date extended till August 2: FBR chairman

Dire straits

Zero reforms

The tax test 

BUSINESS RECORDER

Suspension of ST registration: order is not a question of law but of facts, rules LHC

Need stressed for free access to US markets

Business community accuses FPCCI of playing role of silent spectator

FPCCI hails decision of constructing expo centre in Faisalabad

Fatal misperceptions

Will the exports rise? (ever?)

JANG NEWS PAPER

Last date extended to 2nd August for filing tax return

Govt remains back of export target by 5.03 billion dollar. Federal Bureau of Statistics

From now onward Commercial and Industrial consumers of Gas and Electric will have to file tax return. Chairman FBR

Important meeting with Prime Minister and his Economic Team

Continuous scratching in throat can be symptom of cancer. British medical research 

EXPRESS NEWS PAPER

Govt or Economy? IMF’s bailout package for whom?

State bank will announce new monetary policy tomorrow

County’s economy and strike


Date  July 14 , 
2019

DAWN NEWS PAPER

Traders protest across country against tax measures

PM`s aide warns traders against blackmailing govt

Govt misses export target by a wide margin

India arrests top executive over unpaid duties

THE NEWS INTERNATIONAL

Govt measures to document economy: Traders observe strike across country

FBR verifies inventory position of businessmen to prevent tax evasion

In need of a stitch

BUSINESS RECORDER

Not all associations join strike: Traders protest against IMF austerity measures

ICCI hails FBR move to introduce single tax portal for taxpayers

JANG NEWS PAPER

Chinese Investment for Small Industries

Bitter attitude of BOSS may lead to Heart Attack of Employees. Research

EXPRESS NEWS PAPER

Countrywide strike of Business Community against Taxes and Govt Polices, Economy suffered loss of Rs 25 billion

New system will be introduced next month for 5 Zero-Rated Sectors

FBR empowered to collect agriculture income tax from politician directly

Formation of single portal for sales taxpayers hailed

Decision to from authority for monitoring Bond manufacturing

Increase in economic miseries of people

Date  July 13 , 2019

DAWN NEWS PAPER

Strategy finalised to bring all sectors in tax net: FBR chief

Traders call for nationwide strike today

Traders call for nationwide strike today—Karachi divided

Honda halts production, Indus to follow

Monetary policy on 16th

Shamshad Akhtar may join cabinet as special assistant

One-window help desk at airport praised

Collecting tax

Withholding tax 

THE NEWS INTERNATIONAL

FBR feared to incur Rs14.4bln in CNG tax losses

Trade deficit contracts 15.3pc to $31.8bln in FY2019

Central bank seen raising interest rate to cap soaring inflation

‘Pakistan-Turkey trade drastically falls to $792mln on heavy duties’

Yarn merchants demand cut in taxes

No political hands involved in traders’ strike: Shabbar Zaidi

Despite two amnesty schemes: Rs318 bn revenue shortfall in FY-2018-19

Reforms in FBR: 503 more officials transferred

Ordinance to bail big GIDC defaulters out 

BUSINESS RECORDER

FBR to help ensure liquidity arrangements for exporters

MPC to meet on Tuesday: SBP likely to maintain tight monetary policy stance

Second phase: Major reshuffle in FBR

”We”ve data of all sectors”

There”s no deadlock with any sector, says FBR chief

MoM: Exports register major decline

Pak-Turkey FTA: FPCCI chief asks government to consult stakeholders

Plea to withdraw 17 percent ST on domestic weaving industry

LCCI supports business community’s demands

Export-oriented industries: PYMA urges PM to reduce taxes

It’s time to make bold decisions – II

Rise in inflation

JANG NEWS PAPER

CNIC condition is only for registered 47000 persons with sales tax we are not responsible for costly Roti hoarders are responsible. Chairman FBR  

2 Amnesty schemes FBR collected only Rs 3832 billion

Ordinance to waive off Rs 200 billion for Fertilizer, CNG and General Industry

Instruction to make transaction through bank of more than Rs 50 lac against property

Rs 1.2 billion refunded to consumers. K-Electric

State bank announced interest free loan

Danger of Cancer through Soda Drinks, Fruit Juice, Sweet Drinks 

EXPRESS NEWS PAPER

No tax levied on edibles, want to fulfill demands on plea of CNIC. Shabbar Zaidi

Trade deficit reached to 15.3% in 2019

Trade deficit recorded 15% less in comparison to last fiscal year

Govt Polices and Inflation

Date  July 12 , 2019

DAWN NEWS PAPER

SBP governor says exchange rate reflects demand-supply gap

FBR to launch single tax portal for filers

Chinese industrialists plan $1bn investment

Reserves fall

Taxes and business

Is sales tax not a tax? 

THE NEWS INTERNATIONAL

Shabbar Zaidi says traders’ call not justified: ‘Someone else is behind strike call’

No target agreed with Pakistan on exchange rate: IMF

Economy will improve within a year, says SBP governor

How exporters handed the benefit of devaluation to buyers

Forex reserves stand at $14.259bln

Govt urged for policy reforms

K-Electric adjusts Rs1.2bln in bills

Traders’ strike 

BUSINESS RECORDER

”Things are getting better,” says SBP governor

Staff report includes assumptions: IMF

‘It can be different this time

Implications of Finance Act 2019 discussed at KTBA seminar

SBP appoints 11 primary dealers

Raw material import: procedure of issuing exemption certificates simplified

Energy prices: Industries take the brunt

JANG NEWS PAPER

Strike of traders, someone is behind, issues are complicated, if issues with traders not resolved than God will take care, new system of refund being brought. Chairman FBR

Consensus amongst Govt and Business Community needed 

EXPRESS NEWS PAPER

Disputed tax polices unacceptable! Businessmen ready for countrywide strike tomorrow

Pakistan’s Economy improvement in Security, Energy Sector. President World Economic Forum

No exchange rate target set with Pakistan. IMF

Filing date of tax return extended

Sales Tax registration via online system  not made functional

Challenge of making economy stable

Date  July 11 , 2019

DAWN NEWS PAPER

Government unafraid of opposition blackmail: PM

IMF blames PML-N, PTI for inadequate policies

In Karachi, PM rebuffs traders’ concerns, invites textile producers for detailed talks

FBR proposes online system for importers

Remittances rise 9pc to $21.48bn

In a twist, revenue portfolio taken from Hammad

Sindh Bank president among three held in fake accounts case

Minister seeks report on city’s water crisis within 48 hours

Twin cities’ traders to join other cities in shutter-down strike

Sindh’s water woes

Living in fantasy 

THE NEWS INTERNATIONAL

17pc sales tax to ruin domestic bulk industry: APTMA

Imran, traders meeting makes no headway

Pakistan receives $991.4mln first IMF loan tranche

FBR set to unveil automated system to issue tax exemption certificates

Federal govt’s major restructuring plan approved

Portfolio of Hammad changed within 24 hours

Traders to observe nationwide strike from 13th

FBR exempts raw materials’ imports from value-added tax

RLNG prices increased up to 4 percent for July

Lobbying going on in FBR to secure positions

Fake accounts scam: NAB arrests Sindh Bank officials

Ikhtiar Baig congratulates PM on amnesty scheme 

BUSINESS RECORDER

Textile exporters ‘unimpressed’ after meeting PM: industry sources

SRO 1125(I)/2011 rescinded, Field formations told to ensure strict enforcement

Export-oriented units: FBR decides to withdraw ST, FED exemption

Revenue projections by FBR & IMF: Discrepancy detected

Emergency conditions: Government powers to grant GST zero-rating curtailed

PM holds PML-N, PPP responsible for economic woes

Hammad given Economic Affairs Division portfolio

EFP recognised as Institutional Strategic Partner of CWEIC

Imported items, Collectors told to apply retail price taxation

Electric poles in middle of roads causing traffic accidents: NKATI

It can be different this time

Government must reach out to opposition

JANG NEWS PAPER

Meeting with Prime Minister and Businessmen inconclusive, CNIC condition will not be waived on purchase of more than Rs 50,000/- people will have to pay tax. Imran Khan

Businessmen proposed to form task force in F.B.R for actual reform

Portfolio of Federal Minsiter Hammad Azhar changed within a day, notification of Minister of Revenue withdrawn

Businessmen called shutter down strike on Saturday across the country announced

Tax to be paid on one mobile phone brought from abroad, custom officials briefed standing committee

FBR will crackdown on under and over invoicing

New valuation rates of property will be settled during current week 

EXPRESS NEWS PAPER

Prime Minister reject to abolish condition of CNIC on sale and purchase, meeting inconclusive businessmen view point

No more dialogue strike on 13 July

Dollar will become of Rs 172.53 up to June 2020. IMF

Decision to form new organization in the name of Regulatory Authority Customs

1st Installment of 99 crore 14 lac dollar from IMF received 

Restriction on taking annually 60,000 dollar while going abroad

Sahebzada Aamir Jahangir appointed spokesman of Prime Minister for trade and investment in Europe

Date  July 10 , 2019

DAWN NEWS PAPER

NA panel for making ISI, MI nod mandatory for CNIC, passport

Foreign investors’ confidence rises

New structure for international taxes 

THE NEWS INTERNATIONAL

Net international reserves stand at negative $17.7 bn: IMF

New industrial policy to create 1.3m jobs: Buzdar

Govt borrowing from SBP soars 119.3 percent in FY2019

‘No agreement with IMF on rupee-dollar parity’

Sales tax collection from imports slips to Rs686.5bln in FY2019

WHT on NSS profits raised 100 percent

PBC urges government to simplify taxation system

Foreign investors appreciate improved security environment in Pakistan

The disciplinary process

Lessons from Egypt: Part - I

Structural issues? 

BUSINESS RECORDER

FBR abolishes 42 special procedures notified thru STGOs

Withdrawal of zero-rating facility creates unrest: PHMA

FPCCI chief for negotiating investment treaty with US

New taxation step, tariff hike impedes revival of closed industrial units

NA sub-committee suggests: CNIC be issued only after getting clearance from ISI, MI

First IMF tranche received

Recovery of gold, valuable properties: SECP refutes reports about crackdown against companies

Revenue Division: Hammad Azhar assumes charge as federal minister

SECP directs listed companies, Notice of general meetings must be issued 21 days before

German transport, textiles sectors use short-hours facility most: Ifo

IMF programme Conditions

JANG NEWS PAPER

Programme can be suspended if IMF conditions not fulfilled. Governor State Bank

Local Textile Industry will be destroyed by imposing 17% tax, APTMA warns Govt

Hafeez Shaikh power reduced, notification of Muhammad Azhar appointment as federal minister revenue division issued

Notification of enhancement electric tariff 0.10 Paisa per unit issued

ISI, MI’s clearance be obtained for issuance of CNIC and Passport. PAC Sub Committee

Saudi Govt decided to built airport at Macca for Haj and Ummrah pilgrims

Device invented to generate electricity and clean water

Economic Crisis  and Tough Decisions 

EXPRESS NEWS PAPER

Foreign debts will reach to 130 billion dollar during 4 years. IMF

Prime Minister Imran Khan will visit Karachi today

Zero-rated facility of electricity and gas to 5 sectors abolished

Decision to abolish biometric condition for persons whose thumb impression faded

Date  July 09 , 2019 

DAWN NEWS PAPER

Traders in Faisalabad keep their businesses shut in protest against sales tax

Steps being taken to check smuggling, says FBR chief

Aptma decries bills at full RLNG tariff

ADB to give $10bn in five years for development projects

Regulatory duties on imports, exchange restrictions to go 

THE NEWS INTERNATIONAL

Except on sugar: No new tax levied, no sales tax hiked, says Shabbar

IMF agreement: Electricity prices to be hiked quarterly

Karachi’s improving law and order situation, facts and figures

Traders strike against hike in Sales Tax

APTMA seeks removal of arrears

Withholding agents made responsible to obtain retailers’ information

ADB indicates $10bln lending to support development projects

Weekly SPI inflation up 0.83 percent

‘New products can help boost exports’

Value-added sector warns of closure

Govt-traders face-off: Who will blink first? 

BUSINESS RECORDER

Govt urged to revive SRO-1125 to ease business problems

Increase in gas, power rates among prior conditions

ADB to provide $10 billion for uplift projects in five years

Part of deal with IMF: Power tariff to go up again by August end

Declaration scheme: Bank deposits hit all-time high of Rs 14.46 trillion

Units to remain closed indefinitely: APTPMA

Risks to EFF high despite safeguards: IMF

Semi-independent tax authority to be set up: IMF assured

Amended rules of ST registration, New applicants facing problems as no mechanism finalised

Business community, Body will be formed to remove concerns: Shabbar

SSGC’s Operation Grift continues in Sindh, Balochistan

Govt plans multi-pronged strategy to improve gas sector

Reform needs strat.comm. managers

IMF programme targets for 2019-20

Cotton prices up on tight supply of fine quality

JANG NEWS PAPER

Dearness due to dollar & middleman, in budget no new tax of sales tax imposed except sugar. Chairman FBR

No result of discussion with Govt, Textile Processing Industry closed

In different cities traders protest, strike against increased in sales tas

Electric tariff will further increased in next month, adjustment will be made on quarterly basis, Pakistan confirmed to IMF 

EXPRESS NEWS PAPER

Deadlock between Govt & Textile mills, strike in many cities of Punjab

No new tax imposed, if someone informs I’ll take back. Chairman FBR

Next month electricity further increased, restriction on tax amnesty, further disclosure of IMF condition

Sales tax registration online still inactive

Date  July 08 , 2019 

DAWN NEWS PAPER

Karachi traders call off three-day strike

Pakistan to get $1.65bn net receipts out of $6bn IMF package

PM wants to avoid pricey hotels during his stay in Washington

Did PTI amnesty scheme work?

Taxing times

Forsaken city 

THE NEWS INTERNATIONAL

FBR team didn’t raid our mills, says Hammad

Governor Ismail persuades traders to call off strike

Business leader takes FBR chief to task over ghee prices 

BUSINESS RECORDER

Commercial and industrial meters: unregistered persons to be issued notices

Karachi traders call off strike after talks with Governor

Recovery of tax demand: RTO Faisalabad’s Jhang Zone brushes aside LHC order

Textile has a talent problem

The unnoticed power tariff hike

Increase in NSS profit rates

JANG NEWS PAPER

Traders strike of Karachi differed, dialogue with governor succeeded

17% duty on yarn industry be withdrawn, Jamshoro Chamber

Tax on traders: amicable solution is a must

National SMES Policy 2019 

EXPRESS NEWS PAPER

Strike call withdrawn by Karachi traders alliance, shutter down will be on 13th July at any cost

Restaurant tax evaders of Karachi on FBR radar

Pakistan will get 1st installment of Rs one billion from IMF tomorrow

Petrol and Diesel prices increased in India

World’s powerful passport in the name of Japan and Singapore

Economic and Govt Policies

Date  July 07 , 2019

DAWN NEWS PAPER

Karachi traders announce three-day strike

`Govt trying to introduce uniform sales tax system`

Customs working to reduce container dwell time at ports

Budget madness`

THE NEWS INTERNATIONAL

Proposal under consideration: Small shops to pay fixed tax, big according to power bills

10,000 FBR officials to be transferred

FBR finalising new valuation for immovable properties

Traders criticise sales tax on retail price of imported goods

Trade body seeks reversal of certain tax measures

‘Tariff structure being rationalised to ensure competitiveness in global market’

Relaxed SECP seizure rules urged

Fix realitistic priorities

Sustainable growth means more taxes

Benami crackdown

The economic plan 

BUSINESS RECORDER

Shabbar identifies impediments to industry growth

All SROs relating to zero-rating facility rescinded

Immoveable properties: Old valuation rates applicable till new notification: FBR

Tariff structure being rationalised and streamlined: Dawood

KCCI chief urges PM to withdraw SECP's notification

Economists see country heading towards stagflation

JANG NEWS PAPER

Fixed tax on small shops, on big shops according to electric bill proposed, cement and sugar dealers not willing to come in to tax net tell the Govt

Govt borrowed Rs 2345 billion during current year, State bank’s financial booklet 2019 issued

Export target to China fixed to 2 billion dollar. Abdul Razzak Dawood 

EXPRESS NEWS PAPER

Importers refused to pay sales tax on retail price

Increase in cotton price, textile sector effected due to imposition of sales tax

Ghee prices will not increase, tax to be paid to run business reservation of business community will be removed. Shabbar Zaidi

Date  July 06 , 2019 

DAWN NEWS PAPER

Informer to get 10pc of benami asset’s value: PM

Traders across Punjab protest against budgetary measures

Firms must file transparent financial statements: FBR

India hopes new ‘green’ budget will revive growth

India eyes naming roads, trains after good taxpayers

Documenting assets 

THE NEWS INTERNATIONAL

Tax amnesty scheme: 70pc beneficiaries are from Karachi, Lahore

FBR asks SECP to ensure correct, transparent statements by companies

Pakistan, IMF work out details of $38 billion financing gap

Business community concerned at CNIC details from buyers

Lucky number 13? 

BUSINESS RECORDER

Benami properties: Reward for whistleblowers increased to 10 percent

Importers reluctant to get their consignments cleared

Owner has legal right to challenge FBR”s order: lawyer

Direct selling & marketing bill: MoC seeks trade bodies” suggestions

India raises import tariffs, taxes on super rich

Private limited companies: FBR urges SECP to ensure correct submission of statements

Note on SRB”s Notifications dated June 27 & July 1, 2019

Five exporting sectors urge FBR to formalise ‘informal’ trade

FPCCI leadership blamed for anti-business govt policies

IMF’s pragmatic Pakistan package

JANG NEWS PAPER

FBR Request SECP to ensure preparation of accurate financial statements

70% Persons from Karachi and Lahore got benefit from fresh tax amnesty

More than 1200 officers / officials of FBR changed

Rates issued on 1st February for immovable property imposed FBR

Importers will not be harassed. Chairman FBR

Tax on costly livestock, payment will be made through cheque

Bitter pill and economic health 

EXPRESS NEWS PAPER

Decision on large scale transfer in FBR

Smartcard introduced in place of motor vehicle registration books

Likely expectations of economic break through

Date  July 05 , 2019

DAWN NEWS PAPER

IMF package to bring $38bn from other creditors

Amnesty scheme draws 137,000 declarants, Rs3tr in assets, claims Hafeez

Govt pays $7.229bn in debt servicing

PM orders massive crackdown on benami assets

Asad Umar-led panel puts off debate in protest against officials’ absence

Back to the IMF

Of an airline 

THE NEWS INTERNATIONAL

Dollar to free float, dearness to climb

Profit rates on savings schemes raised by up to 2.3 percent

Pakistan plans return to global bond market after IMF aid

How this budget hit the rich on the raw

PM asks economic team to take business bodies into confidence

Non-resident Pakistanis have $7.5 bn in their bank accounts

SECP gets powers to conduct raids, seize record

KTBA seeks FBR clarification

Forex reserves rise to $14.443 billion 

BUSINESS RECORDER

Rs three trillion assets declared by 137,000 people

Inflation and future outlook

Import of cotton: re-imposition of duty, ST deferred for one month

Search, seizure rules unveiled: SECP”s IOs can enter any premises by force

Withdrawal of zero-rated regime hurting export-oriented industries: KCCI

FPCCI, UBG hail IMF bailout package as ‘good omen’

LCCI felicitates PM, team on success of ADS

Reserves held by SBP, banks reach almost equal level

PSID submitted in banks till July 3, FBR urged to accept declarations of filers

Call to add ‘surname’ in CNIC

Will the gas price impact be treated right?

Note on changes in the Finance Act, 2019

JANG NEWS PAPER

Dollar independent, inflation will increase, no interference of Govt in fixing price of electricity, gas, increase in tax income, elimination of circular debt, collection of dues will be ensured. IMF

Strike against taxes by car dealers at Karachi and Lahore, textile processing industry observe strike at Faisalabad

Sources sought from 16000 parents income paying Rs 2 lac fees children school fees annually

Syed Shakeel appointed Commissioner IR Benami in Karachi Zone-III

New economic direction 

EXPRESS NEWS PAPER

Amnesty scheme become successful, 1st time 1 lac people came into tax net. Hafeez Shaikh

Rs 2000 billion increase in revenue target, rupee value will be determined by the market, IMF condition

IMF approve loan of 6 billion dollar, rupee further stable

Zero rating facility be restored for export sector. Karachi Chamber

Profit of national savings increased by 1%

Pakistan and Bangladesh again imposed restriction on issuance of Visa

FBR sought detail of source of income from parents paying school and college fee Rs 2 lac per month

Federal budget federation ignored objections Karachi business community

Economic issues and ground realities

Date  July 04 , 2019

DAWN NEWS PAPER

Textile units shut down amid rising costs

IMF okays $6bn package to ‘foster strong growth’

110,000 declare assets under amnesty scheme

Army chief defends govt’s tough economic measures

Reading the IMF programme

Budget making

Workers criticise federal budget, to observe ‘black day’ on Saturday

A Picture of Textile Unit Closed at Faisalabad

SSGCL AD, 

THE NEWS INTERNATIONAL

Corps Commanders Conference: COAS briefs forum on govt’s difficult decisions for economy

IMF approves $6 bn loan for Pakistan

Rs65 billion collected through amnesty scheme

Dubai Duty Free shops now accept Indian rupee

Customs duty collection up 12.9pc to Rs684.4 billion in FY19

Govt urged to delay CNIC condition 

BUSINESS RECORDER

Withdrawal of zero-rated facility: textile sector’s cost of production rises by 40pc: PWMA

APTPMA urges govt to continue zero-rated regime for one month

SNGPL takes action against textile dyeing unit

FPCCI chief seeks level playing field for business community

Sale to unregistered person: LCCI seeks relaxation in disclosing CNIC for one year

$6 billion loan approved by IMF board

Amnesty scheme fetches Rs 60 billion so far

Tax payments under amnesty scheme: PTAA voices concern over closure of FBR portal

Industry-defence nexus

JANG NEWS PAPER

Textile Processing Industry offered Govt to hold meeting

Amnesty Scheme, more than 1,40,000 availed benefit, more than Rs 65 billion tax collected. FBR

Tax amnesty, amendment can be mad in return up to 2nd August, neither surcharge nor investigation will be done. Chairman FBR

Abdul Hameed Memon of IRS of basic pay scale 21 assumed posting of chief sale tax & F.E.D

Expensive perfumes wastage of money people like natural and cheap fragrance. Experts

America becomes country of producing huge waste 

EXPRESS NEWS PAPER

Tax not acceptable textile and leather factories under protest, trader burst into tear

Amnesty scheme ends action begins worth billion of rupees property seized

Recommendation to place 51 names in ECL and delete 16 names

3 systems introduced to return Rs 40,000/- prize bonds

Date  July 03 , 2019

DAWN NEWS PAPER

NATIONAL ASSEMBLY HAS 10 DECLARED BILLIONAIRES: ECP

JUNE INFLATION EASES TO 8.9PC

UAE APPROVES FULL FOREIGN OWNERSHIP OF FIRMS 

THE NEWS INTERNATIONAL

EXTENDED AMNESTY

FIRST TIME IN PAKISTAN: GOVT DOLES OUT RS35 BILLION REFUNDS TO EXPORTERS IN ONE GO

BUSINESS RECORDER

OVER 95,000 AVAIL AMNESTY SCHEME SO FAR: SHABBAR

INDIVIDUALS, AOPS MAY FILE REVISED RETURNS BY AUG 2: FBR

EITHER RESTORE ZERO-RATING REGIME OR SUSPEND OPERATION: LCCI

ASSETS DECLARATION SCHEME

TEXTILE PROCESSING MILLS’ OPERATIONS REMAIN SUSPENDED

RS 40,000 PRIZE BONDS

INDUSTRIAL SUPPORT PACKAGE

PLEA TO UPGRADE TEXTILE SECTOR

TAX-RELATED CASES

JANG NEWS PAPER

GAS WILL NOT BE MADE COSTLY FOR DOMESTIC CONSUMERS SPOKESMAN PETROLEUM DIVISION

RS 35 BILLION UNDER THREAD OF REFUND 1ST TIME PAID TO EXPORTERS

PAID TAX RETURN CAN BE REVISITED UPTO 2ND AUG 

EXPRESS NEWS PAPER

ON PUBLIC REACTION AND ON RESERVATION OF PROVINCES FORMULA OF PER SEAT ANNUAL TAX ABOLISHED ONE TIME WITHHOLDING TAX COLLECTION RESTORED

ALONG WITH METER CCTV AND MONITORING ROOMWILL ALSO BE ESTABLISHED SYSTEM WILL BE INSTTALLED AT ALL HOTELS, MOSQUE AND OTHER PUBLIC PLACE JUSTICE GULZAR

APPROVAL OF LOAN FOR PAKISTAN IMF MEETING WILL BE HELD TODAY

Date  July 02 , 2019

DAWN NEWS PAPER

Processing mills on strike against 17pc sales tax

Textile exports stagnate despite incentives

Treasury single account gets going; Benami crackdown zones identified

Traders protest documentation measures in budget

Saudi oil facility on deferred payment begins

Carrying niswar on flights banned

Saudi team arrives to carry out Haj pilgrims’ immigration in Pakistan

LPG prices slashed

Cotton pric

Business community seeks govt’s attention to address challenges

Subsidised gas supply sought

Discord over reforms likely to frustrate revenue ambition

Import tax revenue up Rs222bln in FY2019

Eidul Azha likely on 13th: Pak Met 

Canada includes Pak students in fast track visa plan 

BUSINESS RECORDER

5 export-oriented sectors: FBR extends ERS scope 

CNIC or NTN requirement: Foreigners to face difficulties if purchases exceed Rs50,000 

Wrapping material