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Date  June 30 , 2019

DAWN NEWS PAPER

PM says action against money launderers soon

Govt amnesty scheme comes to end

Suzuki raises vehicle prices by Rs40,000-329,000

Army chief`s remarks

Amnesty scheme 

THE NEWS INTERNATIONAL

Massive surge in gas tariff notified

FBR to be trimmed in a week or two

FBR facing Rs389 bn shortfall against revised target of Rs4,150 bn

kTBA demands extension in amnesty scheme deadline

Govt supports the rich, taxes the poor

LCCI urges govt to resolve issues

In the economic scheme of things

Six questions 

BUSINESS RECORDER

2014-19 textile policy fails to achieve all targets

Textile sector has potential to boost exports, create jobs: Prof Hina

BMP for appointment of TDAP’s CE from private sector

PBIF chief voices concern over devaluation of rupee

Electricity, gas tariffs increased

Tax amnesty scheme expires: FBR has not proposed extension yet

Supply recipients: FBR unveils procedure for withholding of GST

Amnesty scheme yields Rs25bn so far?

Rs50,000 unregistered sales: CNIC condition relaxed for end consumer

Budget SROs to be effective from tomorrow: RD levy on 569 items, addl duty on different tariff slabs notified

Sales Tax Rules amended: Biometric verification from Nadra mandatory for new applicants

Amnesty scheme: RTOs, LTUs told to facilitate declarants

Rupee depreciation against dollar rattles businesses

JANG NEWS PAPER

Depreciation of rupee is the reason of money laundering, big crackdown will be carried out

Planed to make big changes in FBR

Rs 3842 billion tax target, FBR have to collect Rs 81 billion today

Economic autonomy is unavoidable for freedom

EXPRESS NEWS PAPER

Decision to impose 17% sales tax on zero rating export sectors

Pakistan Textile Processing Mills Association announced to close down factories from Monday

Large scale manufacturing reduced by 3.51%

F.B.R and Sindh Revenue Board agreed for 3000 billion tax adjustment

Last day of amnesty scheme, assets worth of Rs 1575 billion disclosed Rs 34 billion tax deposited

Difficult Decisions and Economy

Date  June 29 , 2019

DAWN NEWS PAPER

PTI manages to get budget passed with 176 NA votes

COAS blames past decisions for fiscal mess

IMF opposes extension of amnesty scheme deadline

Rupee gains 3pc against dollar in interbank market

Ogra proposes nominal cut in petrol, kerosene rates

Traders threaten strike, rallies against budgetary measures

Indus Motor jacks up prices

World Bank approves three projects for Karachi

FBR website

German visas 

THE NEWS INTERNATIONAL

Finance Bill 2019-20: Budget passed despite opposition resistance

COAS speaks at NDU: ‘Collective effort must for difficult decisions to succeed’

IMF not in favour of tax amnesties: resident chief

Petrol price likely to go down by Rs0.77 per litre

SBP intervenes with ‘sizeable amount of dollars’ to defend rupee

Massive revenue shortfall of Rs300 bn projected

Govt policies yield positive results: FCCI

Gas prices

How to fix this 

BUSINESS RECORDER

Budget sails through

Major amendments made in finance bill

FBR issues notices to 40,000 non-filer companies

GST, FED cases in litigation: Scheme may be reintroduced to allow principal amount payment

Increase in prices of HSD, LDO recommended

PM’s hint at extending amnesty scheme deadline hailed

Theft, mugging on the rise due to power outages, says NKATI

Dollar-rupee parity

JANG NEWS PAPER

National assembly, budget approved, all amendments of opposition rejected. Govt and Opposition members raise slogan against each other

Responsibility of all make successful all tough decisions of the Govt. Army Chief

Amnesty is unfair for honest taxpayers and not good for economy. IMF

Federal cabinet meeting  called on 2nd July approval likely to banned Rs40,000/- Prize Bonds

Minor and Infants can take 5000 and 500 dollars while going abroad

Extension likely in date for submission of revised tax return

Period of capital gain tax reduced from 10 to 8 years, rates of various taxes also reduced 

EXPRESS NEWS PAPER

Federal approved with majority, opposition strongly protested

Tax amnesty scheme, F.B.R online system collapsed

People going abroad have to obtain foreign currency declaration

Reduction of amount in Swiss banks

Date  June 28 , 2019

DAWN NEWS PAPER

PM hints at extension in amnesty scheme deadline

Final version of budget to be shared with IMF by July 1

FBR must inform taxpayers about basis of their income’s audit, LHC rules

Govt to collect additional taxes worth Rs516bn: Azhar

Industry lashes out at govt for rapid rupee dive

SBP reserves dip to $7.28bn

‘Budget will have disastrous consequences for middle class’

Sindh Assembly passes tax-laden finance bill

Study depicts threat posed by plastic pollution

Rupee slides

Biometric chaos

THE NEWS INTERNATIONAL

PM takes serious notice of price hike

After establishing tax amount: Pakistan can only request foreign countries for tax collection

Pak money in Swiss banks dwindling for last three years

Islamabad, Karachi among least expensive cities of the world

Rupee falls to new lifetime low of 164.50/dollar

Fitch says IMF bailout deal to weigh on Pakistan’s growth

Session on draft SME policy held

FBR expects Rs25bln more revenue from enhanced sales tax withholding rate

Gaping export void can only be filled by a wide industrial base: economist

Get your numbers right or have your days numbered

Gas utilities to add pipelines

Clear policy on exchange rate urged

Taxes imposed on online shops, ride-hailing services as PA okays finance bill

Charter of economy

Ways to industrialise

BUSINESS RECORDER

IMF deal: growth to be negatively impacted in short run: Fitch

Assets declarations: Declarants face hardships as FBR portal breaks down

Dubai-based properties: Rental income not chargeable but declarable

Dollar may reach Rs 200, says Zardari

Fragile stability

Textile exports: dismal performance

Asset declaration: ambiguities, lacunae, solutions

Session on ‘Draft National SME Policy’: FPCCI stresses need for business-friendly environment

LCCI seeks govt’s clear-cut policy on soaring dollar

SBP foreign reserves down by $322 million to $7.282 billion

Dismantling unjust tax system

MoF seeks withdrawal of Rs 7,500, Rs 15,000, Rs 25,000 prize bonds

Rs40000 prize bond, Holders in trouble as dealers charge Rs3000 per bond

Banks to remain open on Saturday, Sunday

JANG NEWS PAPER

Tax evasion, Pakistan can only request to foreign countries for collection of tax

Prime Minister hints to extend deadline of Tax Amnesty Scheme

Pakistan’s money in Swiss banks reached at 3 years below

3 Days left for biometric of accounts rush at banks

Amnesty scheme 194 persons deposited Rs 5 crore 58 lac tax 1n Multan

Lahore High Court, suspends collection of confidential information of taxpayers for F.B.R’s audit section

Data of sales assets in tax return will come on F.B.R system in numbers within 3 days

Tension of tax amnesty scheme, trading centers deserted, trading activities suspended

Create facilitation for taxpayers

EXPRESS NEWS PAPER

Pakistanis amount in Swiss banks reduced by 34%, 73 crore 80 lac dollar left

Dollar flying high Gold further costly, stock market dull

Reservation and apprehension of business community on amnesty scheme remains

F.B.R becomes an extortion organization. Qaiser Bengali

No deduction on encashment of Rs 40,000 prize bonds. State Bank

All banks will remain closed on 1st July

Give economic relief and control inflation

Date  June 27 , 2019

DAWN NEWS PAPER

ECC approves up to 191pc hike in gas prices

Runaway dollar confounds money market

SBP promulgates Assets Declaration Ordinance 2019

No additional US conditions on IMF package for Pakistan

Gold sees new peak

Amnesty or referendum?

Money changers and the dollar

Sincere leadership

Biometric verification 

THE NEWS INTERNATIONAL

APTMA says around 80 mills on verge of closure

FPCCI demands ‘industrial amnesty’ for export-oriented sectors

Rupee ‘free fall’ failed to spur exports

Industrial estate grants tax holiday

Rupee devaluation, raise in discount rate add extra loan of Rs3,640 bn

Dollar and gold continue smashing dearness record

Pak financial team to visit US on July 3 to sign pact with IMF

Spiralling currency 

BUSINESS RECORDER

Gas prices: increase approved by ECC

Declarants can deposit forex into bank accounts under ADO: SBP

”Declared assets could not be presented as evidence against declarant”

Amendments to Baggage Rules proposed: FBR to withdraw facility of bringing duty-free cellphone

BMP will take part in FPCCI election: chairman

Declaration of goods: KCCI urges govt to amend late filing provision

KATI asks government to bring investment for industrial sector

Setting up of export-oriented industry: FPCCI urges govt to announce first-ever industrial amnesty

10-paisa/unit increase in power tariff approved by Nepra

Income tax refund: FBR introduces automated system for processing, issuance

Lessons for the erstwhile ‘senior partner’: The Bangladesh story

JANG NEWS PAPER

Dollar, Gold record costly, decision to increase price of Electricity, Gas, sluggish in stocks, Governor State Bank meet Prime Minister

Value of rupee and interest rate, loan of Rs 3640 billion

Holiday on Saturday, Sunday cancelled for F.B.R across the country

F.P.C.C.I demands industrial amnesty scheme

Record 2 lac Muslims from India will go to perform Haj 

EXPRESS NEWS PAPER

Gas 190% expensive, Electricity costly by Rs1.50 per unit, Rs556 billion will be collected additional from consumers

Dollar reached at Rs163/-, Gold again at its peak, sluggish in stock market

India: during current year more than 2 lac pilgrims will perform Haj

Allowed to deposit 10,000 dollar or more in foreign currency account amnesty scheme will not cover in it

Right decision needed

Date  June 26 , 2019

DAWN NEWS PAPER

Up to 200pc rise in domestic consumers gas tariff proposed

Despite reservations about jury, Pakistan to implement FATF reforms: envoy

No new tax imposed on ghee, flour: minister

State Bank discontinues Rs40,000 prize bonds

Repatriation of profit dips 25pc

UK to help firms do business in Pakistan

Gold surges to Rs80,500

Bringing back assets

THE NEWS INTERNATIONAL

CNIC restriction withdrawn on shopping less than Rs50,000

‘Pakistan is in firm grip of debt trap’

Pakistan, India fight for control of Rs7 bn in UK high court

Shabbar worries over IRS officers’ exclusion from posting abroad

Pak expats in UAE declared Rs345 bn during last amnesty

LSM shrinks 7.76pc in April, 3.51pc in first 10 months

UK envoy says enhanced export financing to help SMEs in Pakistan

FPCCI hails Qatar Emir’s visit

FBR impounds six non-duty paid luxury vehicles

An unviable finance policy

A documented economy

Help from Qatar

Inflation

Effective industry

BUSINESS RECORDER

PTI-led coalition devises budget passage strategy

Zero-rating regime withdrawal commitment to IMF

May exports down 1.72 percent YoY

International departures: CAA fixes Rs 2,800 per passenger

New gas prices to be approved today: Urea prices may increase by Rs 200/bag

Banks asked to withdraw Rs 40,000 prize bond

PBIF chief for restoring zero-rating regimes

Khurram named KCCI’s acting president

FY20 tax proposals

FBR anomaly body finalises list of 146 grievances

Government urged to restore RD on import of cotton

Last ditch efforts!

Exports constant, but quality improves

JANG NEWS PAPER

Power of raiding on houses from Income Tax Commissioners withdrawn. Hammad Azhar

Pakistan is in grip of debt

Against abolishing Zero-Rating Govt assured IMF. Razak Dawood

Decision to increase 200% in Gas price from 1st July

Sale of unregistered Prize Bonds of Rs.40,000 restriction imposed

Baggage rules changed for passenger in coming and going abroad

Pakistan’s Tax Officials concentrating on U.A.E. Dr. Ashfaq

Country cannot come out from debt till economy is documented. Economic Experts

Get benefit from Amnesty Scheme

Gas again expensive?

EXPRESS NEWS PAPER

Power to raid on houses on assumption of foreign currency, gold withdrawn

Govt will borrow record loan of Rs.430 trillion during fiscal year 2019-2020

Amnesty Scheme, people taking interest in filling tax return

Pakistanis legalized Rs.10 trillion assets. Dr. Ashfaq

Restriction on sale of unregistered prize bonds wroth Rs.40,000 public in distress

Date  June 25 , 2019

DAWN NEWS PAPER

Qatar promises $3bn bailout for Pakistan

PM Imran forms body to ease business registration

Senate seeks abolishment of amnesty scheme, minimum wage at Rs30,000

Deputy head of India’s central bank quits, adding to independence concerns

Tax offices open till midnight

Charter of economy

FBR-Nadra portal

Luxury imports

Taxes on remittances 

THE NEWS INTERNATIONAL

FPCCI vows to support crackdown against tax evaders

NADRA’s data mining may finally pay off

Gas tariff hike to bring Rs200 bn to state kitty

Automated ST registration from July 1

SBP issues directive on prize bonds

Whitening money from amnesty scheme: Tax authorities obtain data of 152,000 Pak nationals from OECD

MKRMS seminar: Pakistan’s population may double by 2050, warn experts

The coming apocalypse 

BUSINESS RECORDER

PM says Amnesty deadline won’t be extended: ‘undeclared assets will be confiscated’

Clearance of export consignments: Submission of bank-registered contract, LC made mandatory

Senate rejects increase in taxes, prices of commodities

Internet services outage witnessed countrywide

KCCI report sees IMF imprints in federal budget 2019-20

Businessmen support crackdown against tax evaders: FPCCI

Domestic & commercial consumers: government set to jack up gas prices from next FY

ST registration: Automated system to be effective from July 1

Budget 2019-20: Assessment of taxation proposals 

JANG NEWS PAPER

Petroleum division gave proposal to enhance gas tariff from 1 July

F.P.C.C.I’s 7 demands out of 10 accepted

F.B.R empowered to raid houses to recover gold, foreign currency

Saudi Arabia introduced residential schemes for expatriates 

EXPRESS NEWS PAPER

Sales tax automation registration system to be enforced from 1st July rules framed

Date  June 24 , 2019

DAWN NEWS PAPER

PML-N wasted $66bn fiscal space: Khusro Bakhtiar

Sales tax of 5pc, not 13pc, levied on ride-hailing services: Sindh govt

‘We’re in a good place...’

Shift in exchange, interest rate policy unlikely

Near miss at FATF

Currency hoarding

‘KE tactics’

Sindh Revenue Board Ad, First Ever Major Relief for Industrial Establishment / Undertakings

THE NEWS INTERNATIONAL

Power Division finalises gas tariff hike today

FBR proposes valuation rates hike in 18 cities

Ambassador-designate to Japan visits FPCCI

Month-long Haj flights to begin from July 4

Towel factory catches fire

Drive against tax defaulting vehicles starts today

Levies & the lawn wolves

Can tax jack slay the giant target?

Budget blues

BUSINESS RECORDER

Parliament empowered to approve, amend or repeal ADO, 2019: FBR tells LHC

Tax-to-GDP ratio to be increased to 12.6 percent: government

FBR proposes enhanced value for immovable properties in 18 cities

Textile’s crocodile tears

The industrial package

It is probably pie in the sky

SBP governor’s press conference

JANG NEWS PAPER

FBR new proposed rates for valuation of immovable property in 18 cities

Govt promised with IMF circular debt of gas sector will not increase

Revenue target of Rs.5555 billion is unrealistic. Rehmatullah Wazir

Forex companies daily transaction is 4crore dollar, while one crore dollar deposited in State Bank

Govt borrowed Rs.9 billion 50 crore dollar foreign loan within 11 months

Important meeting with Prime Minister and Finance Advisor

EXPRESS NEWS PAPER

Rs.948 billion unregistered bonds are in the country. Shabbar Zaidi

17% Sale tax levied on 5 export sector

Air passengers will pay airport charges in Pak rupee instead of dollar

Action will be taken against undeclared property after 30th June

Goods Towel worth of Rs.3 million gutted in fire at factory at Shafiq more

Water Board silent, crore gallon water of citizen being sold to factories

 Date  June 23 , 2019 

DAWN NEWS PAPER

MoUs signed with Doha on trade, investment, finance intelligence

Borrowing from SBP doubles to Rs2.7tr

FATF compliance will require all-out effort

Free trade talks with Indonesia next month

Bikes in India to go electric

THE NEWS INTERNATIONAL

Assets information portal: Businessmen hail step amid data security concerns

‘Next week crucial for tax amnesty scheme’

Pakistan rejects Indian statement on FATF

Saudi Arabia becomes FATF member

Reforming monetary policy governance

Big data 

BUSINESS RECORDER

Five zero-rated sectors: FBR set to levy 17pc GST to forestall revenue leakage

Finance Bill 2019: Withdrawal of several amendments to ST Act suggested

Talks on FTA next month, says Indonesian envoy

Mobile phones: PTA seeks withdrawal of baggage rules exemption

Make cash holding difficult

Increase in retirement age 

JANG NEWS PAPER

Amnesty Scheme, numbers of availing scheme will increase next week

In complete information on FBR website with regard to property, bank accounts & assets

Rs5/- to Rs7/- increase in petrol and diesel price from next month likely

“Revisit budget” 13 export sector bodies wrote letter to Prime Minister, demand to restore zero rating and with drawl of sales tax 

EXPRESS NEWS PAPER

New property official rate in 18 big cities

FBR double service charges on goods clearance

Date  June 22 , 2019 

DAWN NEWS PAPER

Online tax profiling system for 53m people unveiled

Pakistan gets FATF reprieve, but only till October

Body formed to probe public debt use by PPP, PML-N govts

Opposition senators urge govt to revisit finance bill

Avail amnesty plan to avoid trouble, says PM

Doubts surround exchange rate stability

Key stakeholders can spur growth momentum, says Baqir

Pak-China business council to be formed: Khusro

Discos seek hike in fuel adjustment cost

Gold hits six-year peak

Honda Atlas jacks up prices

Govt censured for ‘worst’ economic policies

Minister warns industries lacking effluent treatment plants of action 

THE NEWS INTERNATIONAL

Govt agrees on Charter of Economy

FATF asks Pakistan to complete action plan by October

‘Nadra’s tax data helpful but not final solution’

LoI signed to obtain IMF’s $6 bn package

FBR uploading data into tax profiling system

‘Implementation on CPFTA-II begins to enhance Pak exports to China’

Three textile mill workers electrocuted

Govt urged to save SMEs from collapse

LCCI calls for industrial revolution

Honda raises car prices up to 14.37 percent

Jewellers, moneychangers in FBR crosshairs

The scalar budget

Out of the grey

BUSINESS RECORDER

Info about assets, bank accounts: Data of 53 million Pakistanis uploaded

Senate panel informed: CNIC condition assumes prime importance in input adjustment

Non-filers own over 13,000 luxurious vehicles in Karachi

Residences to be raided to recover undeclared dollars

FATF asks Pakistan to complete action plan by October

FATF unveils crackdown on cryptocurrencies

KATI concerned over hefty raise in charges by CAA

LCCI demands elimination of duties on raw materials

Implementation on CPFTA-II commenced: FCCI

Dawood to visit China for finalising FTA-II issues

Formulation of task force need of the hour: PRGMEA

Parliamentary panel urges FATF to remove Pakistan from grey list

Properties, accounts, transactions: public can access data on websites of FBR, Nadra

Biometric verification of bank accounts: Number of senior citizens facing problems as skin loses

Drive against tax defaulting vehicles

Ease of doing business

The FATF challenge still persists 

JANG NEWS PAPER

If people come into tax net than they will be benefited themselves. Shabbar Zaidi

Tax experts declared Rs.950 billion tax shortfall as fraud

All time record shortfall if revenue will be as on 30th June. Haroon Akhtar 

EXPRESS NEWS PAPER

Anomalies in Finance bill pertaining to sales tax and income tax pointed out

Name of persons enjoying luxurious life included in the list of nontax payers, decision to crackdown

7 Chinese companies willing to install industrial units. Advisor Commerce 

Date  June 21 , 2019 

DAWN NEWS PAPER

Revival of zero-rating not feasible, PM tells textile barons

Asad finds fault with budget, discloses details of IMF talks

Rs40,000 bearer Prize Bonds to be registered until March 31 next year

Senate committee rejects Finance Bill, asks SBP to freeze dollar at Rs150 and interest rate at 12pc

1,323 firms registered in May

Gold hits new peak of Rs77,300

Reserves down

The IMF: buyers beware

Plastic bags

TDAP Ad on International Fairs at Riyadh, Saudi Arabia

TDAP Ad on International Fairs at Nairobi, Kenya

F.B.R Ad, Assets Declaration Ordinance 2019 

THE NEWS INTERNATIONAL

Adverse measures may close textile units, PM told

Finance adviser forms committee to rectify anomalies in budget

Increase in retirement age to 63: Dr Ishrat-led task force defers proposal

Threat of FATF blacklist averted

Senate panel rejects proposals causing price hike

Sindh most corrupt province: SC

FBR sets up structure to implement Benami Act

Rabbani terms budget anti-labour

Uncertainty, a challenge for unprofessional family-run companies

Tax filing surges 58.7 percent to 2 million till June 17

Government fixes March 2020 as deadline for registration of Rs40,000 bearer bonds

Tax authority set to chase 13,000 luxury cars

Forex reserves drop to $14.639 billion

State Bank notifies rules

Removal of budget reservations sought

Sindh govt planning to ban plastic bags in Karachi soon, says minister

Easy taxes 

BUSINESS RECORDER

Five zero-rated export sectors: Businesspeople meet PM; no decision taken

Senate body rejects all taxation provisions of finance bill

Investors asked to get Rs 40,000 prize bonds registered

Anomalies in budget: Hafeez forms high-powered committee

Withdrawal of zero-rating regime: government banking on collection of Rs 250 billion, Senate body told

KCCI chief foresees gas-related crisis due to 5 percent tax on LNG

Government urged to withdraw condition of buyers CNIC details

Reserves decrease

’11m electricity users could be brought into tax net by utilising data’

Banks’ sharing of account details with FBR: Experts term move significant development

SBP governor’s press conference

‘Qarz ki peetay thay mai…’ 

JANG NEWS PAPER

F.B.R formed administrative structure to start implementation on Benami Act 2017

Advisor Finance agreed for conducting business audit after every 3 years

UAE abolished visa fee for tourists under 18 years age for 2 months

Plastic raping made mandatory for luggage bag and other goods of air passenger

Commercial consumers of electricity given time to enter into tax net up to 30th June

13000 vehicles registered in Karachi and they do not file tax return 

EXPRESS NEWS PAPER

Prime Minister hints to restore zero rating facility


Date  June 20 , 
2019

DAWN NEWS PAPER

Shahbaz asks govt to present new budget

Banks burden senior citizens over biometric verification

ECC takes no decision on wheat export, power rates for industry

PM’s aide says budget guarantees national security

Current account deficit shrinks 29pc in 11 months

Export of services up 8pc

Anomaly committee reconstituted

Tax collection drive

THE NEWS INTERNATIONAL

Ease of doing business: Govt to review all federal, provincial business regulations

Textile exporters want to pay 7.5pc sales tax

Broadening tax base: FBR, Nadra at odds over data analysis

FBR refuses to withdraw CNICs’ proposal for input adjustment

Current account deficit narrows 29.27pc in July-May

FPCCI to meet finance adviser, PM for resolution of issues

Retailers unauthorised to set prices of imported products

Charter of economy must to implement harsh reforms

Pakistan records fourth highest temperature on earth

BUSINESS RECORDER

Shahbaz demands government withdraw budget

FBR announces steps to remove trust deficit with taxpayers

No extension in last date of amnesty scheme: Hammad

Anomaly Committee (Business) reconstituted

Budget 2019-20: price to pay for a brighter future?

Five export-oriented sectors: Abolishing zero-rated regime to decline exports by 30 percent: Bilwani

Proposed Finance Bill-2019: FPCCI threatens to shut down businesses if demands not met

CNIC details of unregistered buyers: KCCI chief urges govt to withdraw condition

Hafeez invites FPCCI for doing away with anomalies in budget

KCA opposes proposal of imposing 10 percent GST on raw cotton

Senate panel for continuing ST zero-rating regime

Owners of undeclared assets: FBR set to kick off massive crackdown

July-May CA deficit down 29 percent YoY

Tax adjustment input: FBR refuses to withdraw proposal of making buyers’ CNIC mandatory

Broadening tax base: FBR, Nadra discuss data analysis mechanism

Senate body assured: FBR will conduct only one audit of unit in 5 years period

EU ready to help Pakistan come out of grey list: envoy

What should be on SBP governor’s agenda?

JANG NEWS PAPER

Textile Exporters agree to pay 7.5% sales tax instead of 17%

Standing Committee rejects Govt proposal to abolish zero rating

F.B.R refuses to withdraw mandatory condition of obtaining CNIC from buyer

Condition of obtaining CNIC from buyer be deferred for 1 year. Karachi Chamber

Committee formed to remove anomalies of finance bill 2019, Muhammad Ali Taba nominated chairman

Preparation underway to shift Sui northern head office to Islamabad

Dr. Saqib Nisar appointed new secretary of F.B.R

India will go ahead from China with regard to population, Pakistan’s population will reach to 40 crore

Big challenge, joint strategy

EXPRESS NEWS PAPER

Shah Mehmood meets Jemeri Hunt, U.K will increase Pakistan exports volume 1 billion pound

Pak-Saudia dialogue successful immigration of Hajis in Pakistan approved

Standing Committee Finance rejects taxable income limit

It is not easy to obtain particulars of CNIC of buyer. Karachi Chamber

Current account deficit under control

Raid by FBR team will be resisted with full strength. Ateeq Meer

Another view of country’s economy 

Date  June 19 , 2019 

DAWN NEWS PAPER

High-powered body to draw up economic plan

Pakistan, WB sign three loan agreements for $918 million

FBR gets details of bank accounts holding more than Rs5m

Trade deficit shrinks amid stagnant exports

FDI plunges 49pc in July-May

Anomaly Committee

Pakistan, eight other countries to account for half of population growth by 2050

Sepa violates rules, holds public hearing

State Bank governor’s remarks

APTMA’s “Appeal” 

THE NEWS INTERNATIONAL

FBR not to share tax amnesty details of beneficiaries with NA body

Foreign Exchange Management Accounts: FBR for replicating Indian model

Government to raise Rs7.1trln through T-bills, bonds in June-August

Dealing with the double jeopardy of ‘tax-flation’

World Bank loans Pakistan Rs144 bn

FDI plummets 49.2 percent to $1.606 billion in July-May

Trade deficit narrows 14pc in first 11 months

Retirement age from 60 to 63: Minister says no decision taken by cabinet yet

SBP briefing 

BUSINESS RECORDER

Exports, imports witness decline in May

FDI declines by 49.2 percent in July-May

Pak-Italy businessmen urged to help enhance trade volume

Prolonged load-shedding: work in night shifts comes to a halt in NKATI

Search of residential premises, houses: Senate body opposes proposal to empower IR chief

Government urged to promote local producers of gas

Towards stabilisation?

FBR team visits SAI: Industrialists briefed about Asset Declaration Ordinance 2019

KCIP, BQIP seek withdrawal of 1.5 percent minimum turnover tax

EFP chief for recognising private sector’s role in ILO future of work agenda

Sialkot Chamber of Commerce & Industry “Appeal”

JANG NEWS PAPER

F.B.R refused to disclose numbers who availed amnesty 

EXPRESS NEWS PAPER

Decision to increase 200% Gas price for domestic consumers WEF 1st July

Lukewarm response on amnesty scheme from people having black money

Source will be asked for remitting more than Rs.5 million to Pakistan, land price likely to decrease. Chairman FBR

In first 11th months of fiscal year 2018-2019, trade deficit 13.6% shrinks by 29.2 billion dollar

Decision to increase penalty on taxpayers not allowing access to record

10 members committee formed to remove anomalies in finance bill

Good news by Governor State Bank on economic stability

Date  June 18 , 2019

DAWN NEWS PAPER

Economy showing signs of recovery: SBP

Rabbani cautions against reversing 18th Amendment

FBR raises penalties to curb tax non-compliance

Senate committee rejects key budgetary proposals

Consumers brace for inflationary pressure

THE NEWS INTERNATIONAL

‘Govt not to extend deadline of assets declaration scheme’

SBP guards market-based exchange rate system to fight off external finance risks

Planners need nerves of steel to execute finance bill 2019/20

SBP governor says prior actions taken to secure IMF loan

Sales tax exemption demanded

FPCCI body to address grievances

KCCI advocates importers demand

FBR to make data of account holders public from June 21

Senate body opposes attaching CNIC copy with invoices

Risks to IMF programme

Budget in review

Danger of drought

BUSINESS RECORDER

Country moving towards stability: SBP governor

Finance bill comes under sharp criticism in Senate

FATF challenge: Qureshi speaks to Pompeo

Proposed section 156A in Customs Act: Senate body terms it ”draconian” law

”Trade-based money laundering”: Harsh penalties proposed, says FBR chief

Government may withdraw baggage rule exemption

Invoice sans CNIC: Senate panel rejects FBR Proposal

Banks provide necessary information to FBR

Razak welcomes Japanese businessmen for investment

Businessmen offered last chance to regularise assets

CNIC condition for unregistered persons: KCCI for deferring legislation for 3 months

FBR urged to extend last date of assets declaration scheme

FPCCI wants to have a say in tariff policy board

Zero-rated sectors, Senate body asks ministry to find out solution of 17pc GST

Wait-and-see!

Sindh Budget

Understating the budget deficit

JANG NEWS PAPER

Govt will not borrow, if rupee further depreciated than will intervene. Governor State Bank

Recent appointments under discussion due to serious Political, Economical and International crisis

FBR obtained data of more than 5 lac account holders

FBR step rejected without production of CNIC for allowing invoice

Prime Minister called Malaysian Prime Minister, support assured for F.A.T.F

Decision to impose 15% withholding tax on unregistered shops

Decision to form Economic Security Council

EXPRESS NEWS PAPER

FATF meeting, China and Malaysia stopped Indian resolution against Pakistan

Banks provided details of taxpayers to FBR

Law with regard to particulars of purchaser be deferred for 3 months

Date  June 17 , 2019

DAWN NEWS PAPER

ADB distances itself from govt’s budget support claim

Middle class getting hit from all sides

Flawed budget process

Sindh Revenue Board Ad, First Ever Major Relief for Industrial

THE NEWS INTERNATIONAL

Economic Security Council in the making

India hikes tariffs on US goods

Punjab and Sindh budgets

BUSINESS RECORDER

PRGMEA demands revival of ‘No Payment No Refund’ regime

Dyes & leather: government urged to allow zero-tax regime for importing raw material

e-visas issued to 7,000 people so far: Nadra

ADB issues report on budget assistance

Current account deficit falls to $7 billion: Hafeez

Eligible taxpayers: FBR must ensure prompt issuance of exemption certificates: LHC

Settlement of customs duty: taxpayers won”t be allowed to apply for ADR mechanism

Don’t hike interest rates

JANG NEWS PAPER

Unfriendly Budget for Export and Industry

Economy is on the way of stability

Health Insurance of private organization employees

EXPRESS NEWS PAPER

Economic crisis and Govt measures


Date  June 16 , 
2019

DAWN NEWS PAPER

ADB to provide $3.4bn loan for budgetary support

Incentives to boost tech usage in export sectors

Exporters demand restoration of zero-rated status

Alto 660cc launched

Ship agents fear hike in freight cost

Murad defends imposition of new taxes in Sindh budget

THE NEWS INTERNATIONAL

Razak Dawood hasn’t resigned: ministry

Tax-to-GDP ratio to be increased from 11 to 12.6pc in a year

Exporters threaten ‘no exports days’ on withdrawal of zero-rated facility

Tax noose tightening for evaders, short filers

Retailers need to show customers’ identity for tax credits

LCCI urges to rethink budgets

SECP says health insurance must

Revenue matters

BUSINESS RECORDER

Five zero-rated sectors threaten to observe ‘no export day’

‘News of Dawood’s resignation is speculation’

Too much tightening not required

JANG NEWS PAPER

Country saved from bankruptcy, difficult route solved, investigation commission will be formed soon

No truth in Advisor Commerce Abdul Razzak Dawood’s resignation. Ministry Commerce

F.B.R shifts its inefficiency burden on Exporting Industry

Proposal to mandatory health insurance for private sector employees

Construction plan online

Hold Dollars

New budget is challenge for Govt & F.B.R

EXPRESS NEWS PAPER

Amendment in income tax ordinance proposed, F.B.R empowered to raid on houses

Businessmen stage protest against abolition of zero rating in various cities

Export will be effected due to abolition of zero rating. Hanif Gohar

Proposal to made mandatory heath insurance for private employees

Date  June 15 , 2019

DAWN NEWS PAPER

Dollar hits Rs158 in new high

Punjab holds spending, Sindh hikes by 12pc

Power tariff raised to recover Rs190bn under IMF deal

SINDH BUDGET 2019-20: Sindh plans Rs285bn development spending

IHC suspends govt notification about tax ombudsman’s removal

Tax slabs on mobile handsets revised

Tax rates

Sales tax

Tax amnesty

‘Biometric verification’

THE NEWS INTERNATIONAL

Dollar hits record high, gold price soars by Rs2,700 per tola

Budget proposes CNIC details in shopping bills

IMF to consider Pakistan’s request for utilising $2 bn for budgetary support

Efforts afoot to convince adviser not to quit

Rupee hits record low for fifth consecutive day

KCCI appeals to rectify tax anomalies

Omar Ayub discards low gas pressure claims

Ali Jahangir Siddiqui appointed envoy-at-large for foreign investment

Undeclared accounts of housewives, students to face action

FBR sets off drive against mis-invoicing of exports

FBR urges people to avail scheme

Politics of debt

BUSINESS RECORDER

Exporters’ claims: Government urged to evolve automatic refund mechanism

FBR takes action against over and under invoicing of export items

FY20 Budget: Rs 74 billion set aside for exporters, industries

KCCI asks government to address ST, IT issues before approving budget

Decrease cost of doing business; PBIF chief for establishing autonomous body

KCFR holds dialogue on FY20 Budget

BMP urges finance ministry to check PKR devaluation

Budget 2019-20: challenges ahead

Lifeline consumers spared: Rs 1.50 per unit raise allowed in power tariff

Businesses should drive tax policies in country: experts

Imported goods: FBR to collect 3 percent minimum value addition ST from July 1

Motorcycles and several household electrical goods: FBR to charge 17 percent ST on minimum retail price

JANG NEWS PAPER

Budget will make export sector further disastrous. Exporters

20 billion accounts belongs to Students and Ladies out of 130 trillion accounts of commercial banks

Decision to take action on charging in invoice od tax exportable goods

Invoices will not be acceptable without C.N.I.C

Rumor of resignation of Federal Advisor, Prime Minister will persuade to take back

Rs.2500/- tax levied on earning of Rs.12 lac annually 

EXPRESS NEWS PAPER

Sindh balance budget placed, 15% ad hoc increased in salaries and pension tax levied on online business

Electricity expensive by Rs1.49 per unit, ratenot applicable on k-electric

Value Added Exports Association announced protest today

All industries using water should pay tax. Supreme Court

Serious for lasting economic reforms. Advisor Finance

Date  June 14 , 2019

DAWN NEWS PAPER

Economic growth to slow down to 2.4pc: finance ministry

Textile industry rejects govt’s local sales claim

Govt proposes amendments to Customs Act

Rupee plunges to new low in interbank

Trade with Pakistan at record high, Wells tells Congress

Sukhera removed from post of tax ombudsman

Cotton target fixed at 15.02m bales

Taxation measures

Debt inquiry

THE NEWS INTERNATIONAL

FBR may lose 200,000 returns filers on increase in income threshold

Tax firms warn of budget’s inflationary fallout

FBR seeks rent agreements from police

FMCG importers deplore CNIC condition

Forex reserves fall $55mln to $7.8bln

Budget decreases take home salary of BPS 17-22 officers

FBR announces penalties for tax evaders, under-filers, concealers

What top consulting firms say about budget

ICT (Tax on Services) Ordinance: Tax on lawyers, property sale-purchase service providers doubled

Raising Rs10 trillion

The problem is not the poor

Economic survey

BUSINESS RECORDER

$26 billion exports eyed against $24.65 billion projection

Finance Bill 2019-20: KCCI urges FBR to withdraw section 108AB

Five export sectors: LCCI urges govt to revive zero-rating regime

Budget taxation: salaried class to bear maximum brunt, opine panelists

Post-budget press briefing

FBR advises people to declare undisclosed assets, expenditures before June 30

Budget FY20: Textile loses favour

Corporate sector in Budget 2019-20

JANG NEWS PAPER

Rs.1300 billion budget of Sindh, no new tax to be levied

Rs.10,000/- annual trade tax imposed on real estate agent, car dealers

F.B.R will obtain data from commercial banks of account holders. Hammad Azhar

Proposal to impose new penalties in finance bill by F.B.R

Decision to collect Rs.100/- on divorce paper

Economic targets: Govts determination

EXPRESS NEWS PAPER

Advisor Finance post budget explanation

Date  June 13 , 2019

DAWN NEWS PAPER

Govt will force the rich to pay taxes: Hafeez

FBR to go after evaders using offshore accounts, properties to avoid taxes

PM, aides discuss terms of reference for probe into rise in debt

One government, two directions

Turkish visa 

THE NEWS INTERNATIONAL

Concept of non-filer done away with: Hafeez Sh

Budget 2019-20: Eminent economists give mixed reactions

Nepra set to raise power tariff by Rs1.5 per unit today

Over 5,000 applied for Tax Amnesty Scheme: FBR

17pc GST to ruin export industry, claims APTMA

APBUMA rejects tax on textile industry

Zero-rating facility removal slammed

$5 bn deposits from KSA, UAE

One who stays in country for 90 days is a resident

Tough laws sought to fight offshore tax evasion

Budget proposes punitive actions against non-filers

Hitting them harder where it hurts the most

Pakistan ranks third in countries with highest prevalence of child labour

Budget 2019-20

Phone addiction 

BUSINESS RECORDER

Revenue collection: Government says it”s challenging target

Real estate deals: purchase of property only through banking channel

FY20 budget disappoints industrialists, traders

FPCCI for setting up technical team to identify irritants

It is not the economy, stupid

JANG NEWS PAPER

Concept of non-filer ends, automatically will become filer on purchase of vehicles and property, Textile sector pay tax of Rs.8 billion on sale of fabric of Rs.1200 billion, pay tax if you want to do business

Electric tariff increased by Rs1.5/- per unit, notification to be issued today, RLNG also costly

Action against non-filers, tax evaders, services of army and police to be taken

7 years imprisonment and 200% penalty on hiding assets abroad proposed

Pakistan in the list of 10 dangerous countries of the world, Iceland peaceful country

Post Haj operation to begin from 4th July

Rs.5600 levy to be collected on purchase of mobile wroth 500 dollar 

EXPRESS NEWS PAPER

Tax will be collected if any one goes annoyed let him go annoyed. Advisor Finance

Prime Minister Imran will himself monitor enhancement in tax net

1 Year Imprisonment on not filling tax return for taxable income

5000 Applications received by F.B.R for tax amnesty scheme

Haj operation will continue from 4th July to 5th August

National budget for fiscal year 2019-20

Date  June 12 , 2019

DAWN NEWS PAPER

Budget 2019-20: Tax-heavy budget fails to arrest growing fiscal deficit

Budget 2019-20: IMF hand clearly visible in budget proposals

Commission to fix responsibility for economic mess: PM

Budget Explainer

Industry leaders react to budgetary proposals

Exporters resent withdrawal of zero-rated regime

Federal Budget 2019-20: Massive revenue plan aims for Rs568bn fresh tax measures

Sindh budget to be presented on 14th

Rs3tr foreign loans planned to finance budget

SC losing Rs10m a day as interest on Rs10.6bn collected for dams

Faltering economy 

THE NEWS INTERNATIONAL 

With zero-rating gone, most of the industrialists feel betrayed

Rupee continues slide on devaluation worries

Tax-centric, relief-shy budget to set inflation on fire: economists

Businessmen term new budget bad omen for industrialisation, people

Dawood terms budget pro-business

‘Budget may help document economy’

New taxes, duties, exemptions withdrawal to fetch Rs600 bn

In a first, unfair tax officer to be fixed: FBR chief

Growth expected to slightly recover at 4pc 

Tax relief to inflation-hit salaried class withdrawn

Evaluation rate of property raised

Zero duty on import of raw material of 1,650 items

Rs421 bn allocated for pensioners 

BUSINESS RECORDER

Neither austere nor Keynesian

””Business Registration Scheme”” introduced

Rs 516 billion taxation measures taken

Finance bill to be applicable from July 1

Textile sector jettisons abolishment of zero-rating status

Five export-oriented sectors: sales tax zero-rating regime abolished

APTMA terms budget revenue-oriented

FPPCI accuses government of taxing everything through unfriendly budget

PM urged to correct ‘suicidal’ budget taking input from KCCI

Budget 2019-20: PHMA rejects 17 percent ST on five key export sectors

Budget proposals in line with expectations: PBC CEO

ST’s special procedures, fixed rate of payment abolished

Finance Bill 2019 presented in Senate

Special law for non-filers on the anvil

‘Filers of one territory will now be considered as filers by all three boards’

Property/cars: FBR clarifies purchases by non-filers

Unregistered buyer: CNIC made mandatory to claim amount of input tax

Explainer: salary income tax

Does Shabbar have a magic spell?

The Budget

JANG NEWS PAPER

Most of the edible goods costly, drug, fertilizer, mobile cheaper, federal budget of Rs.7036 billion, budget deficit Rs.3151 billion

Achieving revenue target of Rs.5550 billion is very difficult. Karachi Chamber

Facility of zero rated for 5 important and big export sector abolished

Imposition of levies on 5 zero rating export sectors in financial bill

F.B.R levied additional tax of Rs.512 billion, exemption of Rs.300 billion abolished

Implementation on budget is impossible but “Mission Impossible”. Dr. Hafeez Pasha

Proposal to lift ban on purchase of property by non-filers

Super tax on income of more than Rs.50 crore, corporate tax remain 29%, tax increased for salaried class

Mandatory to make payment through bank on purchase of immoveable property

Price of property being made according to market value

Economy is the backbone 

EXPRESS NEWS PAPER

Increased in salaries and pension, minimum wage labourers increased, sugar, ghee, meat, cigarette, vehicles, LNG, cement, steel costly, mobile phone, fertilizer cheaper

Now how much who will pay tax? 12 income tax slabs fixed

Subsidized electricity worth Rs.10 billion will be given to Industries of Karachi

New heat weave from tomorrow, temperature will go up to 40 degree

Economic survey and realities

Date  June 11 , 2019

DAWN NEWS PAPER

ECONOMIC SURVEY 2018-19: Survey paints dismal picture of economy as growth slows to 3.3pc

Imran asks tax evaders to help revive economy

ECONOMIC SURVEY 2018-19: Manufacturing contracts amid slowing economy

Five zero-rated sectors threaten to go on strike

Tax exemptions hit alarming Rs972bn

Trade gap shrinks despite export slowdown

‘Inflation to remain considerably higher’

Rupee falls sharply against dollar in interbank on budget eve

Interest payments growing

Budget Eye — What to look for in today’s budget

Cyclone developing in Arabian Sea

Politics of austerity

Monetary policy

Sindh Board Revenue Ad, Tax Major Relief

THE NEWS INTERNATIONAL

Public debt, twin deficit reach record high

Public debt and liabilities swell to Rs35.09tr

Power generation capacity increased by 2.5pc

FDI tumbles by 51.7pc to $1.376 bn in 10 months of PTI govt

Curtain Raiser: Budget 2019-2020 to test government’s will

Tax exemptions surge 80 percent to Rs972.4bln in FY2019

PM urged to veto zero-rating removal

Rupee plunges to 150.10 ahead of budget on depreciation fears

Govt considers tax hike on property trading for non-filers

Forex reserves fall to $14.889 billion

Amnesty scheme gets focal persons

ICCI opposes further hike in GST in budget

Challenges facing the economy

Remittances up by 8.45pc to $17.875b

Another five-year plan

Budget day

About the IMF

Export facilities

Donkeys population increased

BUSINESS RECORDER

Economic Survey released: huge cost of exemptions, concessions

Economic Survey: nominal decline registered in July-April exports

Raw material: government likely to do away with three percent duty

PM threatens legal action against tax evaders

‘IMF should revisit its conditions’

Government urged to adopt ‘no tax no refund policy’

SBP’s forex reserves down $148 million

The trillion rupee concessions

Withholding taxes: FBR preparing directory of non-filers deductees

Economic Survey 2018-19

Budget, IMF & subjugation – I

JANG NEWS PAPER

Important decisions will be taken within few days, trade and current account deficit reached at its peak, likely to default. Advisor Finance

Rs.5550 billion target of F.B.R impossible to achieve. Hafeez Pasha

Rs.66 trillion budget today, deficit of Rs.2700 billion, revenue target of Rs.5550 billion, salaries and pension up to grade 16 will be increased

Abolition of Zero Rated Scheme will be disastrous for Export Industries

Public Expectations from Budget

EXPRESS NEWS PAPER

Targets not achieved economic survey, tough decision to be taken to avoid default, inflation have taken to be beard. Finance Advisor

Zero Rating Scheme be continued. Exporters Association

Rs.972 billion tax exemptions given during fiscal year, 2018 – 2019

Will budget bring prosperity for public?

Date  June 10 , 2019

DAWN NEWS PAPER

Looming budget pains

Pakistan to issue five-year visas to Americans

Govt eyes 4pc growth rate for next fiscal year

Environmental concerns

Bank hassle

THE NEWS INTERNATIONAL

Withdrawal of zero-rated regime: Govt decides to impose 17pc sales tax on export industry

Tax officer may be punished if video proves bribery

12th Five Year Plan: Govt targets 5pc growth in GDP

A pie in the sky

BUSINESS RECORDER

Government says budget to ensure economic sustainability

Government seems to have failed on all economic fronts

The budget 2019-20

Finance Bill to introduce key tax reforms

Tax adjustments possible through employers as well?

The projected budget

The forthcoming budget

Country’s economy

Biometric verification: Private Hujjaj urged to visit Etimad Centre

FPCCI Ad, Appeal to the Honorable Prime Minister of Pakistan Imran Khan

SOS Appeal By Five Zero Rated Export Sectors

JANG NEWS PAPER

F.B.R will take action against taxpayer and officer on taking and giving bribe revealed by video

Withdrawal of zero-rated, 17% sales tax will be levied on export industry

Irrelevant persons will have no access to F.B.R information system to keep budget data secret

Is Textile Sector burden on Govt ?

EXPRESS NEWS PAPER

Federal budget, decision to bring law for penalty for not paying tax

Volume of federal budget Rs.6800 billion deficit Rs.3000 billion cabinet will give approval tomorrow

Subsidy on export will continue till next fiscal year. Razzak Dawood

Continuous increase in interest rate is dangerous for economy

Overseas Pakistanis exempted from biometric verification

Good governance is essential for tax collection

Date  June 09 , 2019

DAWN NEWS PAPER

Talks between textile exporters, govt break down

Industry leaders await budget with dread

Base broadening measures in next fiscal year`s tax plan

Govt misses all key economic targets

Tax-filing extension

F.B.R Ad, Assets Declaration Ordinance 2019 Last Date 30th June, 2019

THE NEWS INTERNATIONAL

Inflation, debt skyrocket

Property valuation rates, market rates to be equal

Money-laundering, terror-financing: FATF acknowledges Pak performance

Salient features of budget: Tax on air tickets, real estate, agro income to be hiked

Pending tax refunds of multinationals swell to Rs64 billion

Dear prime minister

Exports vs revenue

BUSINESS RECORDER

Key sectors all performing worse than expected

Budget tariffs and duties: Final round of MoF-MoC talks likely today

Export sectors concerned over withdrawal of zero rating facility

Finance Bill 2019: Host of incentives to be unveiled for domestic industries

Property valuation rates to go up

FBR seeks to raise ST up to 18pc

SCCI calls for reducing minimum tax for companies with gross losses

Upcoming budget: PIAF urges govt to take business-friendly decisions

Countering air Pollution

JANG NEWS PAPER

Uniformity in market and official rate of property, D.C rate of property be increased and tax rate be decreased. F.B.R proposal budget

Inflation increased, enhancement of loan, Govt failed in achieving all targets, economy survey will be released tomorrow

Proposal to increase tax on air tickets, real state and agriculture income

Govt ready to place budget, Rs5.5 trillion revenue target is difficult task

EXPRESS NEWS PAPER

Govt have no option but to abolish tax exemption

New tax of Rs.778 billion finalized in budget

Try to resolve issues of 5 textile sector. Governor Sindh

Date  June 08 , 2019

DAWN NEWS PAPER

Learning From China

Tax Amnesty

Salaried Class

Textile Exporters, Govt Inching Closer To Breaking Deadlock

Greece’s First State-Sponsored Mosque May Open In September

Pakistan’s Fiscal Consolidation Measures To Revive Economic Growth: World Bank

With Rising Trade Volumes, Karachi’s Port Chokes On Traffic

Sepa’s Lab, Air Monitoring Units Dysfunctional Due To Financial Crunch

THE NEWS INTERNATIONAL

Fbr Authorised To Get Information From Banks

Fbr To Announce Three Schemes To Bring Millions Of Retailers Into Tax Net

Axe Likely To Fall On Final Tax Regime In Budget.

Withdrawal Of Sro Opposed

Cotton Growers Find Savior In Corn On Yield Fall

BUSINESS RECORDER

July-June Period: Textile Machinery Import Falls To $434.786m

Talks With Govt: Prgmea Distances Itself From APTMA

JANG NEWS PAPER

Decision To Abolish Zero Rating For Exports Sector 3 Schemes For Retailer To Bring To Tax Net

Proposal To Introduce Token Tax On Use Of Fuel

Rs. 300 Billion Still Stuck-Up In Refund Of Business Community President Fpcci

EXPRESS NEWS PAPER

Rs. 1 Trillion Profit Proposal To Levy Tax On Whole Seller Income

14 Indian Cities Amongst World’s 15 Polluted Cities

Decision To Introduce Monitoring System To Curb Money Laundering

Date  June 05 , 2019

DAWN NEWS PAPER

No leniency after expiry of amnesty scheme: PM

NBP told to look into textile firm complaint

FBR`s massive sales tax revenue plan of Rs739bn seeks sweeping withdrawals of exemptions

High interest rates choke off business borrowing

Indian central bank may turn `accommodative`

THE NEWS INTERNATIONAL

Industrial development key to economic uplift: adviser

Govt warned of 30pc decline in exports

Broadening of tax base: FBR to collect data from five key areas

No choice but to spend more on defence, Trump tells Nato allies

Budgeting under the IMF

BUSINESS RECORDER

Above Rs500,000 threshold accountholders, PM asks SBP, FBR to examine data

Undeclared assets/income, PM vows action against those not availing amnesty

Over Rs100bn borrowed thru sale of T-Bills

Coca-Cola threatens to withdraw $200m planned investment

Businessmen will support amnesty scheme: Iftikhar

JANG NEWS PAPER

Crackdown against tax evaders, why salaried class should pay tax, owner of big houses, vehicles, account holders, frequent traveller to abroad data sought. Prime Minister meeting

Complete abolition of SRO1125 will be disastrous for export sector. PALEMA

EXPRESS NEWS PAPER

Legal hurdles, State Bank refused to provide data of accounts holder to F.B.R

Order to crackdown against tax evaders after 30th June

Overseas Pakistanis exempted from biometric verification

Economic conditions is not so bad as it is projector 

Date  June 04 , 2019

DAWN NEWS PAPER

Exporters begin opening CDC accounts to get refund bonds

Income tax statement filing date extended

Indian industry wants corporate tax reduced

Inflation rose to 9.11pc in May

BA resumes flights to Pakistan after 11-year hiatus

Exporters` concerns

Doing business

Problematic plastic

Sindh Board Revenue Ad, Tax Relief !

THE NEWS INTERNATIONAL

CDC set to facilitate 600 businesses in getting refund claims

Inefficient manufacturers may struggle, shutdown without subsidy

Pakistan had no option but to go to IMF, say experts

Budget politics

Tax concerns 

BUSINESS RECORDER

Textile industry reps meet Hammad, Shabbar, ‘Withdrawal of ST zero-rating to encourage smuggling’

Budget 2019-20, Commerce Division, MoF in row over proposed taxation measures’

ST refund payments through refund bonds, CDC urges businessmen to open accounts

Budget to be presented on 11th

Property tax system of Karachi to be improved, modernised under CLICK

SBP issues fresh directives for biometric verification of NRPs

FBR urged to extend e-filing date of IT, ST returns

JANG NEWS PAPER

Instruction to businessmen to open CDC account for sales tax refund

Tax is a must to run State

Date  June 03 , 2019

DAWN NEWS PAPER

Exporters insist on zero-rated regime in talks with PM

Inflation likely to rise over next few years

Minister to launch moon-sighting website today

Eid economy shrinks by one-fifth

Scrambling for money

Sales tax bonds

Import compression

Ad for keeping zero rating of 5 export sectors intact

THE NEWS INTERNATIONAL

Abolishing zero rating regime: Rifts between FBR, textile sector persist

Umra performers outnumber taxpayers

FBR mulls over abolishing sales tax special treatments

Fiscal fantasies

The ball is in PM’s hand

Tax amnesty or cover for corruption? 

BUSINESS RECORDER

Businesspeople meet PM ahead of FY20 budget

Government plans to abolish sales tax special procedure rules

Liquidity crunch, volume of refunds: FBR, textile industry directed to come up with authentic data

improvement against $

PM’s recorded message to tax non-filers

Challenge of stagnant exports

In defence of Hafeez Sheikh

PBIF terms amnesty scheme an effort to expand documented economy

JANG NEWS PAPER

Number of Ummrah Pilgrims is more than the taxpayers, up to 30th May 15,90,731 Pakistanis performed Ummrah, taxpayers are between 12 to 14 lac

Prime Minister meets Textile Industrialists, differences on energy and zero rating remains today meeting will be held again

Power of field officers will be abolished after budget. Chairman

None-Filers likely to get relief in budget on sale and purchase of properties

Special treatment being  given to few sector will be abolished in budget under consideration FBR

Mandatory to give details on social media for applying U.S visa

Important meeting with Prime Minister on economy

Increase Tax Net

EXPRESS NEWS PAPER

Business Community is at forefront in economic development. Prime Minister

Had to IMF previously conditions was more strict

Economic difficulties and dream of development

Date  June 02 , 2019

DAWN NEWS PAPER

Govt refuses to continue zero-rated status of five exporting industries

FBR bags only Rs13.5bn in nine months despite aggressive drive

Rupee stabilises against dollar

Increase in fuel prices

Tax collection & FBR 

THE NEWS INTERNATIONAL

Upping electricity, gas prices compulsion

Pakistan’s planners caught between IMF, rising ire of electorate

FBR urged to take note of malpractices

Industrial raw material importers oppose elimination of final tax regime

Budget and taxation

More people to lose jobs as inflation may rise to 20pc, warns Bengali

Stabilising the economy

Petrol up again

BUSINESS RECORDER
Barter trade to be promoted to boost exports: Hafeez

Finance Bill 2019-20: Major changes in income tax laws suggested

Medium-sized businesses: Simplified tax regime to be unveiled in budget

Withdrawal of zero rated regime: Govt urged to convene stakeholders’ meeting

Industrial raw materials: PCDMA demands continuation of FTR for importers

Dawood takes on MoF team at Bani Gala today

FBR asks banks to pursue account holders to avail scheme

Complexities of taxation

JANG NEWS PAPER
Bank agreed to furnish withholding tax details to FBR up to 17th June, holding up to Rs.5 lac amount  letter will be sent to customers

To make electricity gas expensive is compulsion, tax burden have to be bear for some time, Govt cannot give relief electric connection of non-filers industrialists will be disconnected. Advisor Finance

How long increase in Petrol prices 

EXPRESS NEWS PAPER

Present policy for textile sector should be continued. Exporters

Zero rating facility for zero rated sector should not be abolished. PALIMA

Decline in export is due to Govt polices. Javed Bilwani

To make electricity gas expensive is compulsion, tax burden have to be bear for some time. Hafeez Sheikh

Pakistan will borrow foreign loan during fiscal year of 2019-20, 12 billion dollar

Sales tax refund bond 600 exporters opened CDC account

F.B.R: particulars sought person drawing amount Rs.10 lac from banks

Govt economic strategy is disastrous. Karachi Chamber

2249 Applications received for online visa

Out dated tax system is threat 

Date  June 01 , 2019

DAWN NEWS PAPER

FBR posts record revenue shortfall of Rs447bn in 11 months

600 applications filed for sales tax refund bonds on first day

Asset unit’s report led to cases against judges: ministry

Petroleum prices touch highest-ever mark

Red-tapism causes Pakistan diplomatic embarrassment

High humidity makes city swelter

PM’s toughest test

Tax amnesty

THE NEWS INTERNATIONAL

Refund bonds worth Rs7 billion issued

FBR chairman writes letter to PM: Existing tax system threat to economy

FBR chief ascribes untaxed wealth accumulation to flawed policies

FBR faces Rs425 bn shortfall in 11 months

Sindh asks Centre to increase FED on gas to Rs18 per mmbtu

Govt slashes LPG price by Rs15.40 per kilogram for June

Petrol price hiked by Rs4.26, HSD by Rs4.5 per litre

SBP amends amnesty procedure

Tax collection from rental properties surges 26pc to Rs16bln in 10 months

CM assigns SRB to collect electricity duty from power distribution companies

BUSINESS RECORDER

Sales tax refunds: Rs 7 billion bonds issued to 90 claimants

Government seeks to amend AML law

FBR chief informs PM about flaws in taxation system

Prices of POL products increased

Withdrawal of zero rating regime to harm export industry: ALIMA

PHMA for continuing zero-rating regime for SME export sector

Hafeez Sheikh to meet business community in Lahore today

British Airways to resume flights operation from June 3

IMF programme: The challenges ahead

Foreign exchange companies’ concerns

JANG NEWS PAPER

Tax amnesty is threat to country’s economy, Business Community not ready to come in to tax net, Chairman FBR wrote letter to Prime Minister

Petrol Rs4.26, Diesel Rs4.50, Kerosine oil Rs1.69 per litre expensive

In spite of Prime Minister request desired result from amnesty scheme not achieved

Profit rate of saving scheme likely to be increased

Bond issued to tax refund wroth Rs.7 billion

72 lacs pilgrims offered Ummrah during current year, Pakistan at the top

1% Tax Payers

Electricity too expensive

EXPRESS NEWS PAPER

Deep concern on abolition of zero rating facility. Palima

Rs.7/- billion refund bond issued to exporters

Rupee value appreciated due to hike in interest rate

Govt’s policies are responsible for decline in exports. Javed Bilwani