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Date:  March 21, 2020

DAWN NEWS PAPER

Textile exporters say order cancellations growing

Govt promises full payment of refunds before month-end

Cotton seed germination standard relaxed

State Bank flies in to ease liquidity crunch

PM promises relief package for coping with exigency

CONDOLENCE

THE NEWS INTERNATIONAL

To tide over coronavirus recessionary trend, Hafeez Shaikh pledges to release GST refunds by March, rebates in April

Textile millers assured of tax refund settlement till April

Export refinancing rules relaxed to support corona-hit trade

Govt plans Rs3 trillion debts from banking sector

Top central banks launch new bid to keep dollars flowing

Walmart to hire 150,000 workers

IGP orders action against violators of ban

Gatherings of four or more persons banned as coronavirus concerns grow

BUSINESS RECORDER

SBP lends a helping hand to exporters

Exports to suffer setback, delegation tells govt

61 items exempted from duties, taxes

Combined income groups, SPI inflation up 0.05pc WoW

75bps cut in policy rate termed a ‘joke’

Subsidy to export sectors, ECC sets up inter-ministerial body to evaluate eligibility

FPCCI asks KE to withdraw July to Dec 2019 ISPA charges

Advisory for factory owners

PHMA seeks economic relief package from govt

BMP urges ministry to manage handsome aid to improve economy

Trade and business activities badly affected in Punjab

Cotton spot rate unchanged on lacklustre business

JANG NEWS PAPER

SBP announced to provide facilitation to Exporters & Manufacturers

For the post of Chairman Board of Investment, Mr. Atif R Bukhari name approved

Interbank, value of US dollar enhanced by 35 paisas

EXPRESS NEWS PAPER

Masjid Al Haram, Masjid-e-Nabvi closed for five time prayers as well as Jumma

Do not wait Ramzan, Help the affected of Corona with Zakat. Ulmaa

Textile export to Europe badly effected due to Corona

Date:  March 20, 2020

DAWN NEWS PAPER

FBR estimates Rs300bn revenue loss in last quarter

Japan to provide Rs700m aid to Faisalabad textile university

Hot money outflows climb to $1.3bn

Work begins on emergency bailout

Karachi industry sees spike in power bills

Reserves fall

US tests drugs for COVID-19 treatment

THE NEWS INTERNATIONAL

Textile mills demand moratorium on gas, electricity bills

State Bank raises import advance payment limit to $25,000

Japan gives Rs700m grant for textile education

Coronavirus: Pakistan may face initial economic loss of Rs1.3tr

Bank holiday

Forex reserves down to $18.743bln

BUSINESS RECORDER

Exporters to get relief package, • Razak Dawood holds out assurance

Foreign buyers, Exporters can send shipping documents directly: SBP

Decision to withdraw ISPA not ours: K-Electric

Coronavirus pandemic: Currency business halted due to suspension of Dubai-bound flights

SBP allows up to $25,000 advance payment against imports

COVID-19, APTMA urges govt to save textile industry from negative impact

Lasbela Chamber chief lambastes KE for ‘extraordinary’ bills

KATI terms 75bps cut in interest rate ‘disappointing’

Forex reserves fall by $161m

Cautious trading session seen on cotton market

JANG NEWS PAPER

Announced to provide facilities to Export & Manufacturing Industry

Bank of England reduced interest rate at 0.1%

EXPRESS NEWS PAPER

Govt debts enhanced by two times, Govt failed to control it

SBP announced to facilitate the Export & Manufacturing Industry

Interest rate should be in single digit. KATI

Date:  March 19, 2020

DAWN NEWS PAPER

Industry slams SBP for cautious monetary approach

CAD shrinks 71 per cent in eight months

LSM declines 5.96pc

SBP waives digital transaction charges

Slow cotton trading

‘KE geared up to maximise customer facilitation’

State Bank’s rate cut

THE NEWS INTERNATIONAL

GDP growth target revised downwards to 2.6pc

Coronavirus: European Union seals borders for travellers

Sindh govt notifies shutting down inter-city bus service for 15 days

Current account deficit contracts 71pc in July-Feb

Moody’s expects high indebtedness, fund paucity to hurt Pakistan’s economy

Big industry contracts 3.3 percent in July-January

ECC approves Rs4bln technical grant for FBR

State Bank directs banks to waive online funds transfer charges

Revisiting subsidy policy to improve economic situation

PRGMEA seeks PM’s help

Cotton arrivals down 20.36pc

Economic revival: trouble ahead

Better business

BUSINESS RECORDER

Jul-Feb CA deficit narrows down 71pc YoY

Jul-Jan LSM registers 3.37pc decline YoY

Technical supplementary grant for FBR approved by ECC

SBP adopts measures to promote digital payments

K.E Ad,

Export, import matters, Ministries, except MoC, banned from issuing permissions

Successful Hajj applicants may apply for refund of deposited money

Business leaders disappointed over meagre cut in policy rate

KCCI chief seeks withdrawal of KE retrospective demand of ISPA

PRGMEA seeks govt’s help for textile industry

Exportable goods, Domestic sales’ documentation becomes hard nut to crack for FBR

SBP’s response to Covid-19 challenge

8.57m cotton bales reach ginneries, arrivals down by 20pc

Rate cut: there could be more

JANG NEWS PAPER

FBR extended the filing of Sales Tax & Federal Excise Duty Return up to 25th March

Sindh Govt issued notification for closure of Govt offices till 3rd April

Due to Coronavirus, SBP issued waived all charges on fund transfer

Business personality rejected the minor reduction in interest rate

DUA for Esaal-e-Sawab of our beloved ASIM SHABBIR PATAKA, Today Thursday 19th March, 2020

EXPRESS NEWS PAPER

2019-20: from July to Feb A/C deficit reduced 71%

Date:  March 18, 2020

DAWN NEWS PAPER

Textile exports surge 17pc

Meagre interest rate cut leaves industry fuming

Government decides to revise energy sector accords

Moody’s lowers growth forecast to 2.5pc

SBP launches Rs100bn scheme to help offset virus impact

Petroleum imports surge first time since June 2018

Steady trend on cotton market

OBITUARY: ASIM BASHIR PATAKA passing away Namaz-e- Janaza will be held today Wednesday 18th March, 2020

THE NEWS INTERNATIONAL

Exports may go down by up to $2.672 bn during March-June period

‘Exports to increase manifold after completion of M-III Industrial Estate’

Govt asks Sui gas companies to cut gas losses

State Bank cuts interest rate by 75bps, disappoints markets

Buffering businesses from coronavirus: State Bank unveils Rs105 billion stimulus package

Businesses left devastated by less-than-expected rate cut

State Bank cuts interest rate by 75bps; disappoints markets

Rs105bln stimulus package unveiled to buffer trade from coronavirus

US closes visa service, KSA halts prayers in mosques

Govt urged to announce special fund for factory workers, daily-wage earners

Listed consumer firms see profit slump in 2019

Local Government Department Government Sindh Ad, STRAY DOGS COMPLAINT SELL

BUSINESS RECORDER

APTMA urges govt to announce relief for industry

Coronavirus challenge, SBP responds prudently

Budget strategy paper approved by cabinet

Feb exports up by 8.19pc

E-deposit, e-filing: SRB extends deadline for Feb

MPS in unprecedented times

Rooting for more cotton import?

Panic buying witnessed in Karachi

PM urged to announce relief package for leather sector

COVID-19, KE gears up efforts to facilitate customers

Dull business activity seen on cotton market

Spread of coronavirus, RTO sees a drop in revenue from imports by 25pc

Leather sector’s share in exports falls by 45pc, says ex-PTA chief

Coronavirus threat in Lahore, Business activities restricted to purchase of daily-use items

COVID-19, PTEA chief concerned at virus’s impact on economy

Need for new income tax law — II

COVID-19: PCAA bans entry of passengers without test result copy

FBR HELP DESKS

KCCI & 7 Town Associations Appeal to the Honorable Prime Minister of Pakistan

JANG NEWS PAPER

Saudi Arabia, temporary ban on Congregational Prayer in Mosque, Europe lockdown, Microsoft Office closed

Likely to cancel Export Orders of billion rupees due to Corona

EXPRESS NEWS PAPER

75 basis points reduction in the interest rate not enough. FPCCI

In open market, value of dollar increased

NEPRA has taken back relief from industry

Saudi Arab has closed all Mosques expects Masjid-ul-Haram & Masjid-e- Nabvi

Notification issued to closed all Markets & Restaurant

Extended the validity of expired CNIC, Citizen not visit the NADRA office

Coronavirus updates: SIUT setup help line

Start of Summer Season, unannounced load shedding started

Unnecessary use of Sanitizer is harmful for the skin, Skin Specialist

Hand wash with soap instead of sanitizers. Dr. Khurram

Date:  March 17, 2020

DAWN NEWS PAPER

Foreign investment jumps 513pc

Pakistan Business Council proposes 200bps rate cut

China industrial production shrinks for first time in decades

Rupee falls to 158.6 against dollar in interbank

Cotton market sluggish

Panic buying hits select commodities in Karachi

Pollution may increase mortality from coronavirus, say experts

THE NEWS INTERNATIONAL

Enhancement of textile exports urged

13-member body formed to enhance cotton production

FDI up 5.2 percent in July-February

Under-performed economies need steps not excuses

China industrial output contracts for first time in decades

Stimulus needed to overcome virus effects: PBC

State Bank facilitates banks

Most airlines to go bankrupt in May due to coronavirus

BUSINESS RECORDER

Body to monitor economic situation

MPS today, Interest rate likely to be cut by 200 bps

Taxes, duties, SBP to settle transaction fee claims in five days

Jul-Feb FDI jumps 75pc YoY

Progress of major sectors of economy reviewed

Business, industrial community reiterate demand for cut in policy rate

Industrial areas, Clean water supply plant to be inaugurated on 18th

Emergency interest rate cut to bolster economy: Ismail Sutta

Threat of coronavirus, FBR limits interaction with business community

Gold prices reduced by Rs1850 per tola

Budgetary outcome in 2019-20

Remittances exempted from withholding tax

JANG NEWS PAPER

State Bank will announce Monetary Policy today

Likely to rain in Karachi during 22 & 23 March

Saudi Arabia has given 16 day leave to their Govt employees

Australian Scientists claim that they prepared vaccine for Corona

In Punjab, decided to use ablution water again

Cheap Electricity for Textile

EXPRESS NEWS PAPER

State Bank will decided rate of interest for 2 months today

2019-20: Foreign investment in 8 months of 3 billion 98 coror dollar

Date:  March 16, 2020

DAWN NEWS PAPER

Gas companies told to cut tariff, lower revenue targets

Special economic zones to increase exports to $1.5bn

The rupee’s fall and challenges all around

THE NEWS INTERNATIONAL

Pakistan must comply with 13 points to come out of FATF grey list

Coronavirus impact: Pak exports may dip by 25pc in March

Exports boost linked to Special Economic Zones

BUSINESS RECORDER

Umrah pilgrims’ return, Flight operation to continue till 19th

Gas tariff petitions – nothing to worry

Cost of falling cotton production

KE buying power at Rs10/unit & selling at Rs13.50, ECC told

Weekly Cotton Review, Trading volume remains low

Novel Coronavirus (COVID-19)

JANG NEWS PAPER

Cheap Electricity & Gas, initially draft textile policy approved

EXPRESS NEWS PAPER

Save from Coronavirus, new guidelines issued for domestic & foreign airlines

Beware: on the mobile phone, corona may be alive 2 to 3 days. Report of USA Scientists

CNG will remain close for 3 days in a week

Date:  March 15, 2020

DAWN NEWS PAPER

Virus shutdowns force buyers to delay shipments, claim textile exporters

Defer loan payments, cut interest rate to boost exports: report

Cotton maintains firm outlook

KMC shuts zoo and Safari Park

THE NEWS INTERNATIONAL

Ambitious textile exports’ target smacks of non-starter amid capacity constraints

Exchange rate stability hinges on SBP’s rate move

BUSINESS RECORDER

Task force identifies impediments to export growth

Anti-dumping duty will remain intact: PHC

Interest rate may be slashed by 200bps: Haroon

Sluggish trading activity seen on cotton market

Coronavirus threat, FPCCI chief seeks relief package to protect trade, industry

‘Poverty elimination must for promoting small businesses’

JANG NEWS PAPER

UAE imposed ban on visa form 17 march, diplomatic visas exempted

EXPRESS NEWS PAPER

Decided to provide relief in taxes to manufacturers & real estate

Corona: FPCCI demanded relief package from Federal

Date:  March 14, 2020

DAWN NEWS PAPER

Automated system for payment of taxes, DLTL

Govt may call in third-party auditors to settle dispute over circular debt size

Rupee makes sharp recovery against dollar

Islamic banking grows 9.6pc

Traders protest professional tax

Cotton market stable

‘Go for test only on doctor’s advice’

APTMA Ad, “THANK YOU” Honorable Prime Minister

THE NEWS INTERNATIONAL

Textile Policy 2020-25: PM approves textile export target of $28 bn in five years in principle

Payment of Duty Drawback: Govt to provide Rs24 bn for special fund to State Bank

Ministry for resolution to exporters’ cash flow issues

Pakistan’s trade health likely to deteriorate as virus spreads

Hot money worth $824 million leaves Pakistan

SECP Policy Board approves new legal changes to prevent money laundering

Islamic banks’ market sharerises to 14.9 percent in 2019

Varsities announce online classes to complete courses

Doing taxes better

Penny wise

BUSINESS RECORDER

Exporters urge senate body to help restore sales tax zero-rating facility

Govt to seek special export package from China

ECC accords approval to gas allocation to SSGC

Combined income groups, SPI inflation up 0.71pc WoW

Ogra invites consumers, public for hearings on SNGPL’s petition

Hafeez reviews proposals to facilitate export-oriented sector

Report anticipates some decline in trading activity in coming months

Over 300 cos keen to set up industrial units in QABP

TDAP holds exporters training programme

Cotton market: Outbreak of coronavirus pulls down business activity

Rise in remittances

JANG NEWS PAPER

P.M Instructed for early refund of Sales Tax

Date extended up to 15th April for Sales Tax ReturnPenny wise

EXPRESS NEWS PAPER

Do everything to enhance country export. Hafeez Shaikh

Value of dollar reduced by 2.15 rupee, rate of dollar Rs156.50

CNG stations will remain close for today

Date:  March 13, 2020

DAWN NEWS PAPER

Provinces engaged for sales tax harmonisation

PM chairs meeting on trade policy

FBR directed to release Rs15bn refunds to exporters

Cautious buying on cotton market

Water commission submits report to govt

Over $600m of ‘hot money’ leaves country in 12 days

US stops flights from Europe, Riyadh expands travel restrictions

THE NEWS INTERNATIONAL

PM Imran Khan briefed on Strategic Trade Policy Framework 2020-25

Rupee hits 8-month low of Rs159.13 on foreign investors’ retreat

Forex firms seek SBP nod on currency exchange with banks

Exporters offered training

Forex reserves rise to $18.906bln

Schools, colleges, universities in Sindh to remain closed till May 30

BUSINESS RECORDER

PM gives go-ahead for submitting STPF, textile policy to ECC

Exchange cos raise alarm over reports of suspension of flights to Dubai

Outflow of ‘hot money’ picks up momentum

GST harmonization, NFC panel approves tax council’s composition, ToRs

SECP chief for addressing corporate sector’s issues

Hajj ballot, 179,000 to perform Hajj this year: minister

ANF not charge for checking containers: DG

Mobile app for tax, excise payments in the offing

PIAF warns govt of missing annual growth target in major sectors

JANG NEWS PAPER
Prime Minister approved 5 years Trade & Textile Policy

Date:  March 12, 2020

DAWN NEWS PAPER

ECC approves Rs20bn electricity subsidy for exporters till June

PM Imran wants early framing of trade strategy paper

Government assures full support to foreign investors

Govt raises Rs323bn

Dull trading on cotton market

Govt to reduce interest rate soon, says PM

Mortgaged property can’t be auctioned to single bidder

Pakistan strives to raise electric vehicles’ use to fight climate change

Rupee falls 80 paisa against dollar

Auto sales decline across all segments

THE NEWS INTERNATIONAL

SSGC, SNGPL seek up to 100pc increase in tariffs

ECC nods subsidised electricity supply to exporters till June

Rate cut on cards as T-bills yields fall sharply

FBR mulls action against noncompliant traders from next week

Govt expects remittances to exceed $22bln in FY2020

Subsidies are a problem, not a way out for loss-making entities

Pakistan tax collection 62pc below its potential: IMF

SECP advises firms on coronavirus

Pakistan’s economy: After the global turbulence?

Car sales dip 39 percent in February

BUSINESS RECORDER

Five export-oriented sectors, ECC approves electricity relief package

FASTER System, Refunds to be paid on FIFO basis: FBR

Effective from July 1, Remittances to be exempted from WHT

Educational institutions to reopen from Monday: Sindh minister

OICCI shares concerns, expectations with PM

Lending and deposit rates, SBP issues guidelines for reporting

‘Exports can increase due to slowdown in Chinese economy’

Raw cotton imports: what’s going on?

Global crude oil prices, Ministry directed to pass on benefit of reduction to people

KP govt drafts generous industrial policy

Customs dept providing maximum import, export-related facilities

FBR fails to rectify ‘FASTER’ system’s fault, claims APTMA

Infighting between two business community groups irks Malik

KATI chief for reducing policy rate to help survive industry

Expectations of rate cut pull down MTBs margin

Guidance to protect children from transmission of COVID-19 virus issued

JANG NEWS PAPER

Pakistan tax revenue is 62% less than real potential. IMF

Plan to remove duty on export material. Trade Advisor

Dollar further expensive

Balloting of Hajj applications will held today

EXPRESS NEWS PAPER

For 5 Export Sectors, subsidy approved of Rs.23 billion in Power Sector

Volume of US dollar reached on its peak in last 6 months

CNG stations will remain close on Thursday & Saturday

Sindh Govt established Health Desk at Karachi airport

Save from Corona, companies may organize meeting on the telephone or video conference

Strategy prepared to save from climate changes

Date:  March 11, 2020

DAWN NEWS PAPER

SC sets aside LHC decision against SNGPL

Future lies in export-led growth strategy: PM’s aide

Distribution companies ask for Rs2 per unit increase in power rates

Govt debt rises 5pc

Remittances jump 5.4pc

FTO begins probe into tax amensty cases

Active buying on cotton market

THE NEWS INTERNATIONAL

Low quality, inadequate seeds may hit cotton output negatively

Foreigners dumped $269.6mln of debt assets in March

Remittances up 15.3pc to $1.8 billion in Feb

Taxpayers fail to claim exemption

Pakistan to get LNG from Qatar on low price

BUSINESS RECORDER

Introduction of institutional & systemic reforms, FTO asks FBR to explain its failure

PM for reducing petrol prices

Economic landscape, Dawood identifies areas needing serious attention

Tax Laws ‘amendment’ bill rejected

Issuance of second energy sukuk being planned

Sale of mortgaged properties, Banks not required to obtain decrees, rules LHC

Shabbar won’t resume work?

SRB likely to miss annual revenue target

KE compliant with prescribed laws, directives

APTPMA voices concern over CNIC issue

JANG NEWS PAPER

Energy crisis end, currency stabled, export will be enhanced. Trade Advisor

EXPRESS NEWS PAPER

Increased in tax collection, credit goes to Traders & Industrialists. Khalid Mehmood

Auction of mortgaged property by the banks is legal

Further reduction of 86 paisa in the value of rupee against dollar

Date:  March 10, 2020

DAWN NEWS PAPER

No more increase in gas, electricity tariffs: PM

Circular debt dispute reaches cabinet today

Dollar climbs Rs3.65 in interbank after six months of calm

Virus-induced supply chain disruptions to hit industrial activity in Pakistan

PIA suspends flight operation to Qatar

Virus could cost world $2tr, fears UN

Coronavirus and the economy

P.T.E.A. Ad,

Monetary policy on 17th

Cotton market goes slow

THE NEWS INTERNATIONAL

GSP Plus to help Pakistan boost textile exports by $500m per year: Razak Dawood

People, industry can’t sustain more pressure: PM Imran Khan

PRGMEA urges to adopt aggressive marketing plan to enhance exports

Stocks, rupee dive, gold ascends

10 richest persons lose Rs2,923 bn to coronavirus

KE opposes direct power sale to consumers

RLNG prices up 1.5pc for March

Monetary policy on 17th

BUSINESS RECORDER

GSP Plus, FPCCI chief proposes strategy for proper utilization

SNGPL advises consumers to use energy efficient gas appliances

Cut in POL prices globally, Govt urged to shift benefits to masses

Weighted average price of imported RLNG rises for March

Qatar bans entry of Pakistanis and other nationals

Power generation: FO returns

MPS on 17th

BoI chairman resigns

Distressed business activity seen on cotton market

THE RUPEE: Dollar surges

Dip in the rate of inflation

JANG NEWS PAPER

Extension in GSP Plus, Textile export will be enhanced 50 coror dollar annually

EXPRESS NEWS PAPER

Rs9.3 billion issued to Textile export for different schemes

SBP will release monetary policy on 17th March

Date:  March 09, 2020

DAWN NEWS PAPER

Pakistan among 20 states most affected by China slowdown

Economy now needs monetary easing

Export’s uncertainty conundrum

SCA urges govt to declare ‘cotton emergency’

LNG supply chain

THE NEWS INTERNATIONAL

Punjab Seed Corporation doubles cotton seed sale price

Need to develop academia-industry linkages stressed

A ship without a captain

Chawla wants drive against defaulters of motor vehicle tax

Good news

BUSINESS RECORDER

PM urged to resolve issue of ST refunds thru ‘FASTER’ system

Over Rs 29 billion sales tax refunds paid under FASTER system

FBR clarifies number of tax returns filed in TY19

Economic conditions under review

Limitations of monetary policy

Weekly Cotton Review: Business volume witness continuous decline

Fall in inflation and prospects of rate cut

“EXPRESSION OF GRATITUDE” APPEAL TO SUPPORT TEXTILE EXPORTS OF KARACHI

JANG NEWS PAPER

To stop the money laundering, UK will be imposed new tax on banks

New condition of FATF for Pakistan

Up to 29 Feb, 373,877 new taxpayers increased

Temporary ban on perform Umrah is according to Sharia. Imam-e-Kaaba

149,330 Hajj application received, draw will be held on 12 March, 2020

To use of excess medicines memory may be effected. Experts

EXPRESS NEWS PAPER

Pakistan may be included in exports of mobile phones

Up to 25% reduced Train fare from today to 8th May

Date:  March 08, 2020

DAWN NEWS PAPER

Govt working to increase exports, says commerce ministry

Trade bodies call for end to Karachi`s woes

Listless day on cotton market

GSP-Plus extension

Saudi Arabia reopens area around sacred Kaaba amid virus measures

THE NEWS INTERNATIONAL

Industrial associations warn street protests on perennial infrastructure woes

Tax collection on cash withdrawal dives 63 percent

Reforms without transparency ineffective

China exports plunge 17.2pc on coronavirus epidemic

Pakistani cities to face 6MAF water shortage in five years

Govt committed to empowering women: minister

Power emergency

BUSINESS RECORDER

APTMA sends SOS to Razzak, FBR fails to timely clear refunds under new ‘FASTER’ system

GSP-plus extension to boost exports by 9.5pc: Sarwar

Potential for more trade exists between Thailand, Pakistan: envoy

Germany wants to enhance trade ties: envoy

CNIC and GST issues, NA body on finance to furnish recommendations: FCCI chief

Power sector, ‘Lack of transparency big threat to economy’

China exports plunge on coronavirus epidemic

Global trade: Don’t miss the bus again

JANG NEWS PAPER

Karachi Chamber decided to come on road to resolve the problems

Likely to further enhance by Rs1 rupee 48 paisa per unit on Electricity

EXPRESS NEWS PAPER

For their rights, Karachi Town Industrialist Association agreed


Date:  March 07, 2020

DAWN NEWS PAPER

Pakistan wins GSP-Plus extension

Up to 1.57pc GDP losses feared in case of virus outbreak

LNG supply chain facing collapse

All stores, bakers stopped from using plastic bags

Slow day on cotton market

THE NEWS INTERNATIONAL

APTMA sensitizes Dawood: FASTER no more functional causing delay of Rs20 bn refunds

‘EU extends GSP Plus status to Pakistan till 2022’

Govt disburses Rs147bln energy subsidy in July-February

Karachi’s tax collection surges 60 percent in Feb

State Bank issues directives to banks

Weekly SPI inflation eases 0.32pc

BUSINESS RECORDER

GSP Plus status, Country to continue availing tariff preferences: MoC

Combined income groups, SPI inflation down 0.32pc WoW

Saudi Arabia reopens Makkah, Madina holy sites

Tremendous scope exists for expanding economic ties with Belgium: envoy

Efforts under way to bolster economic ties: Thai CG

Wait-and-see mood prevails on cotton market

Power emergency

JANG NEWS PAPER

European Union extended GSP Plus for Pakistan up to 2023

Corona, Pakistan economy likely to lost 5 billion dollar

From the last 20 days, faster system of FBR not working

Hajj application will also receive today & tomorrow


EXPRESS NEWS PAPER

Pressure of FBR in vain, tax income did not increase

GSP Plus continue for Pakistan

Online system introduced for sales & purchase of property in Sindh

Date:  March 06, 2020

DAWN NEWS PAPER

PM for ‘out-of-box’ solution to energy crisis

SNGPL to refund sum on account of pressure factor

CAA planning to install e-gates at seven airports

Slow trading on cotton market

SBP reserves rise $166m

Highest male-female gap on cell-phone ownership registered in Pakistan: report

Power dysfunctions

Sepa asks trade bodies to report corruption

Chinese firm set to launch ride-hailing service in Karachi this month

THE NEWS INTERNATIONAL

Businessman suggests govt for taking advantage of coronavirus

Exporters concerned over delay in payment of outstanding refunds

Rs3.7 bn relief for gas consumers

Oil sales hit decade-low in February

‘Foreign airlines keen to start flight operations in Pakistan’

A case of chronic economic mismanagement syndrome

KE setting up renewable energy company

Forex reserves rise to $18.869bln

BUSINESS RECORDER

Supplies to unregistered persons, FBR ready to reduce/abolish 3pc further sales tax

Issues faced by energy, petroleum ministries PM for evolving new human resource strategy

EU all set to extend GSP plus status

Tax returns reflect 45pc increase in 2019: FBR

Subdued business activity seen on cotton market

Efforts afoot to raise cotton production: minister

Session held to promote trade & investment between Pakistan, USA

TDAP holds consultation with exporters for new GSP Scheme of UK

Forex reserves up $126m

Partly Facetious: Inflation declines!

Tax base and filers

Change in SBP law

JANG NEWS PAPER

FBR altered the method of returns of tax & excise duty

USA refused to further relaxation in duties on Pakistani goods

PIA extended to close their flights for China up to 31st March

For tax year 2019, 2,472,609 tax returns filed up to 28th February

Due to coronavirus Saudi Arab refused to collect applications regarding visit & Umrah visa up to 15 April

2 Days extended In Hajj application collection

EXPRESS NEWS PAPER

Sindh Revenue Board: 68 billion sales tax collected on services in eight month

Date:  March 05, 2020

DAWN NEWS PAPER

Litigation prevents FBR from collecting Rs88bn income tax 

PM orders immediate decision as ECC dithers on tariff for exporters

Govt caught in twin power tariff conundrum: Karachi residents could be jolted with large looming adjustments

Trade deficit shrinks 26.5pc

‘Cut power to top 50 defaulters’

Incentives to boost remittances

Rs164.6bn bonds sold

Dull day on cotton market

SBP chief in PAC

No relief for consumers in transport and commodities’ rates despite drop in diesel prices

Chinese study finds cough most common symptom in coronavirus patients

THE NEWS INTERNATIONAL

Export-oriented sector: ECC defers approval of 7.6 cents per unit power tariff

ECC approves incentives worth Rs9.6 bn to propel remittances

Discos told to disconnect 400 defaulters by tomorrow

Fraudsters deprive account holders of millions of rupees in Multan region

Investors surrender Rs250bln prize bonds till Jan

Low power tariff urged

KU session on coronavirus tells people not to panic as death rate of disease only 3 per cent

BUSINESS RECORDER

July 2016-March 2019, ECC delays decision on KE quarterly tariff adjustments

Balance of trade improves significantly

Two KE quarterly adjustments provisionally approved by Nepra

Cotton indicative price: don’t go down that road

Sindh’s high tax rates compel IT cos to shift to other provinces

POL sales witness weakest month in decade

Gold rises to Rs94,100 per tola

Punjab P&D board organises session on ‘Ease of Doing Business Reforms’

Many unaware of incentive-based loan programmes: report

The good, the bad, and the mysterious

Power sector

EXPRESS NEWS PAPER

E.C.C meeting providing subsidy on electricity to exporters not agreed upon

Instruction to disconnect electricity of 50 big defaulters

February exports stands at 2.14 billion dollar with increase of 14%

Collecting extortion money from industrialists on behalf of SEPA detected

Date:  March 03, 2020

DAWN NEWS PAPER

Inflation eases to 12.4pc in February

Exports jump 13.6pc in February

‘Economic outlook improving on rising exports, remittances’

SBP governor defends tough ‘reforms’ to improve economy

Cotton rates steady

Power emergency

THE NEWS INTERNATIONAL

Govt to earn Rs10 bn per month through Petroleum Levy

Outlook for economy strong: Hafeez Shaikh

Consumer inflation down 2.2pc in February

EXPORTS UP; IMPORTS DOWN: Trade deficit shrinks 27pc in July-Feb; tariffs policy on anvil

Consumer inflation eases to 12.4 percent in February

FBR acts against 270,000 non-filers of returns

State Bank dubs low savings as reason for recurring current account deficit

Completion of the second IMF review

BUSINESS RECORDER

Jul-Feb, Exports post 3.62pc growth

Feb CPI inflation up 12.4pc YoY

Overdue adjustments, Discos’ tariffs to jump to Rs24.47 per unit, Cabinet told

FBR’s shortfall

KCCI chief calls for resolving issues of business & industrial community

Updated ATL contains names of over 2.4m taxpayers

Pakistan Economic Indicators

FBR revenue shortfall

Banking system: negative implications of ‘grey list’

CORONAVIRUS AFFECTS GLOBAL ECONOMIC GROWTH

PLGMEA AD,

JANG NEWS PAPER

Strategy prepared by F.B.R to take action against high profile tax evaders

EXPRESS NEWS PAPER

Smuggling of cloth detected under manufacturing unit

Campaign to increased number of taxpayers failed

FBR benami property worth Rs.62 billion unearthed

Inflation likely to reduce economy is improving Governor State Bank

Date:  March 02, 2020

DAWN NEWS PAPER

ENABLING EXPORTS

OUR MESSED-UP POWER SECTOR

NEPRA URGES PRIME MINISTER TO DECLARE POWER EMERGENCY

WORKERS CONVENTION DEMANDS RS30,000 MONTHLY ‘LIVING WAGES’ FOR LABOURERS

LITTLE INFORMATION AVAILABLE ON ECONOMIC OPPORTUNITIES FOR PAKISTANI WOMEN OVERSEAS: ILO STUDY

OGRA LOWERS LPG PRICE

PETROLEUM LEVY INCREASED BY UP TO 106PC

THE NEWS INTERNATIONAL

ALL EDUCATIONAL INSTITUTIONS ACROSS SINDH CLOSEDUNTIL MARCH 13

NEPRA SEEKS BAN ON TRADE UNIONS, BILL COLLECTION PRIVATISATION

GOVT IMPOSES TAX ON POL PRODUCTS INSTEAD OF PASSING BENEFITS TO CONSUMERS

CORONAVIRUS AND THE ECONOMY

SUSPENSION OF ENTRY FOR UMRAH PILGRIMS OVER CORONAVIRUS: HOW VISA FEES AND SERVICE CHARGES CAN BE RECOVERED

AD, F.B.R FACE TAX SHORTFALL OF RS.325 BN IN EIGHT MONTHS


BUSINESS RECORDER

CABINET TO BE BRIEFED ABOUT POWER PLAN

TEXTILE’S TWO CENTS SUBSIDY

MODERN TECHNOLOGY TO HELP ENHANCE EXPORTS: MINISTER

WEEKLY COTTON REVIEW, TRADING VOLUME REMAINS LOW IN LOCAL MARKET

THE RATIONALE FOR HIGH DISCOUNT RATE

PM’S ECONOMIC TEAM DESERVES PRAISE

FY 2020-21, KE SEEKS INCREASE IN TDS


JANG NEWS PAPER

PREPAID METER OF ELECTRICITY INSTALLED NON ELECTRICITY TAX ABOLISHED DISTRIBUTION OF BILLS BE HANDED OVER TO PRIVATE SECTOR

CHEAPER PETROL

NOTIFIATION ISSUED WITH REGARD TO CUT IN PRICE OF LGP BY RS. 12/-

EXPRESS NEWS PAPER

MAJOR CHANGES UNAVOIDABLE IN POLICY TO RESTORE ECONOMY

SAUDI ARABIA ALLOWED TO VISIT ON WORK BUSINESS VISA

REEDUCATION IN PETROLEUM PRODUCTS PRICES