Date May 31 , 2019
DAWN NEWS PAPER
Govt unlikely to achieve export target for FY19: Dawood
PM asks nation to declare assets, pay taxes
FBR chairman’s absence irks Senate committee
Fuel prices set to rise as weak rupee bites
Mahathir proposes common Asia trading currency
PIA resumes operation on Beijing-Tokyo sector today
THE NEWS INTERNATIONAL
Withdrawal of zero-rating regime: Shaikh dashes to Lahore to hold talks with export industry reps
FBR seeks details of Benami accounts from banks
99pc people can’t be served on 1pc people’s tax: Imran
Pakistan to repay over $9 bn on debt servicing
Power tariff to be increased by Rs1.50 per unit from July 1
Ogra recommends hike in petrol price by Rs8.53, diesel Rs8.99 per litre
FPCCI concerned over falling FDI
Bio-metric verification: Foreign currency account holders facing problems
US withdraws tax exemption for Pak Embassy staff
PM to open Allama Iqbal Industrial City in October
Labour experts group decides to increase sample size of Labour Force Survey
‘Rupee is close to becoming the world’s top loser this month’
BUSINESS RECORDER
Dawood defends stagnant exports
Government urged not to withdraw zero rating regime
Five major export sectors: FCCI terms ST regime contrary to PTI’s manifesto
Ogra seeks up to Rs 8.99 hike in POL products” prices
PM urges people to declare assets by June 30
Business leaders meet Hafeez Shaikh
PBIF demands stringent action against gas thieves
FPCCI chief urges PM to promote investment opportunities
BMP chief for promoting intra-OIC trade
Assets Declaration Scheme FBR urges missions aboard to lend a helping hand
Avant-garde budget proposals-IV: Road to prosperity
JANG NEWS PAPER
Decision to increase electric tariff by Rs1.50 per unit from 1st July
Dr. Hafeez Sheikh will announce abolition of energy package from textile sector
Decision not taken to abolish zero rated facility and electricity, gas subsidy for export sector
Terms of banking sector, foreign currency account holders facing difficulties
Fitra for current year fixed minimum to Rs.100/- Mufti Muneeb-ur Rehman
Economic crisis, centre and provinces should work together
Ad for keeping zero rating of 5 export sectors intact
EXPRESS NEWS PAPER
Govt is giving attention on ease of doing business. Adviser Finance
Due to increase in interest rate rupees value stable
No truth enhancement of petroleum product prices. Ogra Spokesman
Date May 30 , 2019
DAWN NEWS PAPER
Withdrawal of zero-rating to hurt textile industry
FBR unearths fake accounts used by industrialists for tax evasion
First PIB auction since rate hike sees large response
Pakistan’s financing needs grow to 42.3pc of GDP: IMF
THE NEWS INTERNATIONAL
Country facing unprecedented economic crisis: PM
No way but to withdraw zero rating, textile sector told
Trade bodies oppose withdrawal of zero-rated facility for export sector
FBR to abolish 25 withholding taxes
FBR poised for action against benami account holders
Gas utilities cut down UFG losses by around Rs1.95 billion
Misaligned managers, misguided measures
‘Amnesty scheme, a golden opportunity’
IR offices to observe extended hours
SBP’s SMS service remains successful
BUSINESS RECORDER
Five export sectors: leading trade bodies oppose discontinuation of zero-rating facility
Tariff rationalization: Dawood unhappy with FBR for ”not backing” proposals
Government mulling abolishing number of withholding taxes
Business community urges government to continue zero rating facility
Export schemes: FD seeks Rs 30 billion grant to clear projected balance claims of Rs 45 billion
CDC again reduces tariff structure
Business community perturbed over galore of holidays
APBF terms debt servicing 'biggest challenge' in budget
Withdrawal zero rating regime to adversely affect exports: APTMA
JANG NEWS PAPER
Protest will be made by shutting industry closed if zero rating abolished. Industrialists announced
FBR decided to abolish 25 different withholding taxes in next budget
EXPRESS NEWS PAPER
Public complaints increased, K-Electric made electricity expensive by Rs3.37 per unit
Economy should give recipe to people
Date May 29 , 2019
DAWN NEWS PAPER
Rs1.4tr rise in revenue target set for next year
Nepra allows 55 paisa per unit increase in power tariff
Trade regulatory bodies to operate thru single window by 2021: Zaidi
Morin steps down amid allegations
Steps proposed to ease pressure on rupee
Karachiites to pay more for electricity under revised tariff
THE NEWS INTERNATIONAL
Finance adviser vows measures to stabilise forex supply
NEPRA allows DISCOs to charge 55 paisa/unit extra in June 2019
KE increases electricity tariff
Fear of higher taxes, removal of concessions make manufacturers jittery
Cabinet condemns attack on check-post
Govt asks Nepra not to pass Rs146 bn NHP on to power consumers
Federal govt employees likely to enjoy nine holidays
Tax deductions ending up in drivers, employees’ accounts
Containers’ clearance for import, export: $160m software to interlink 48 ministries
Pakistan, UK agree to exchange financial intelligence
Zero Rating must not be withdrawn, says Dr Baig
Economic policy: where they went wrong
Finance adviser vows measures to stabilise forex supply
BUSINESS RECORDER
Textile sectors reject government’s move of discontinuing zero-rated status
LCCI urges government to continue zero-rated regime
Government should target rich people to raise revenue: PBIF
Sighting Shawwal moon: Ruet-e-Hilal body to meet on June 4
In defence of economic policies
Sanctity of bank account statement
Peak-hour rates to be imposed: K-Electric not to charge meter rent, bank fee from next billing cycle
JANG NEWS PAPER
K-Electric tariff increased from Rs2.15 to Rs3.37, peak hour and half peak schedule introduced
Containers clearance software wroth Rs.24 billion will link 48 ministries
Itekaff gone broken by keeping mobile phone. Mufti Naeem
Strict measures under consideration to collect Rs.5550 billion revenue
EXPRESS NEWS PAPER
Electric expensive by 0.55 paisa, Petrol Rs9.50 per litre costly likely
Fare of P.I.A and other airlines increased
Date May 28 , 2019
DAWN NEWS PAPER
SC makes history, decides four cases via video link
PM to launch Qarz-i-Hasna, asset transfer schemes next month
Fawad set to introduce cellular payment system
FBR looks to regulatory duties in ambitious revenue plan for 2019-20
Indo-Pak border trade continues despite simmering tensions
Sindh Revenue Board Ad, Tax Relief
THE NEWS INTERNATIONAL
Rs5.5tr revenue target: Drastic taxation measures on the cards
Pakistan, Uzbekistan to jack up bilateral trade to Rs45 bn
Rupee up Rs1.40 against dollar on SBP’s policy action
Export sector seeks continuity of zero-rating facility
TDAP calls for investment deals with HK
KU included in top 300 Asian varsities in QS World University Rankings
‘Chinese loan accounts for 11 percent of total foreign debt’
FBR asked to take action against officials for illegal gold trade
ICCI concerned about govt plan to withdraw zero rating facility
Experts doubt govt’s claim to finish circular debt by Dec 2020
IMF may allow bi-annual reviews under next programme
IHC dismisses plea to bar Hafeez Shaikh from presenting budget
‘Ombudsman’s decisions implemented up to 97.6 percent’
BUSINESS RECORDER
Upcoming Finance Bill 2019: plans afoot to document economy
Five export sectors: 17 percent GST to be levied to mobilize additional Rs 75-80 billion
BMP chief seeks continuation of zero-rating, incentives for exporters
WeBOC system to facilitate trade & ease of doing business
Foreign loans rise to $8.837 billion in April
Government mulls tax relief withdrawal today
ST refund payments through bonds: FBR asks claimants to open investor account with CDC
Legalisation of non-duty paid vehicles: FBR not considering any new amnesty scheme
SOS APPEAL, We fervently appeal to continue the Zero Rated Scheme
JANG NEWS PAPER
Severe heat weaves likely to hit Pakistan and India
How much dollar will go up? Hafeez Sheikh can give reply to it. Asad Umar
EXPRESS NEWS PAPER
Rupee stable dollar further devalued
F.B.R proposed to bring new tax system
Federal budget will be announced on 11th June
Date May 27 , 2019
DAWN NEWS PAPER
Belt tightening after a bad year
Rupee, interest rates and the economy
Recipe for an undervalued rupee?
Lessons from FBR’s tax reforms
Govt’s economic team reviews budget proposals
Govt launches website, app for moon sighting
New regulations allowing manufacture, import of flat polythene bags criticised
PIA to resume flights for Tokyo
FBR Ad, Assets Declaration Ordinance-2019 Last Date June 30, 2019
Emirates Ad, more reasons to celebrate with our special fares
THE NEWS INTERNATIONAL
Pak exports could be doubled to $50 bn: Razak
Indian airlines pay price of Modi’s folly
BUSINESS RECORDER
Budget FY20: FBR chief gives presentation
Assets Declaration Ordinance, 2019, Name, identification of legal owner shall be declared: FBR
Why investors still reluctant?
PM for stronger partnership with business community
First moon-sighting website, Hijri Calendar launched, Eid-ul-Fitr on June 5: Fawad
ST taxpayers, FBR introducing ‘single portal’ online facility: Hammad
Compliant taxpayers must avail opportunity to pay taxes at reduced rates
STOAP budget proposals, Separate Sales Tax Zone in each field formation proposed
Sarhad CCI submits proposals for federal budget 2019-2020
Exemptions and special tax treatment
JANG NEWS PAPER
Require full partnership with business community. Imran Khan
Differ with IMF on abolishing zero rating exports. Razzak Dawood
International ranking, not a single Pakistani university amongst 350 best universities
Retirement age of Govt employee at 63 years under consideration
Tax can be paid trough dollar and dirham on assets declaration under scheme
Steps be taken to bring maximum people under tax net. Advisor Finance
Economic difficulties and its resolution
Meeting with Advisor Finance and Chairman FBR
EXPRESS NEWS PAPER
Exchange rate cannot be kept under control longer
FBR should expand tax net and collection easy. Advisor Finance
Positive indicators in economic difficulties
Date May 26 , 2019
DAWN NEWS PAPER
Govt likely to reverse tax concessions for salaried class
Hafeez aims for record high revenue target
THE NEWS INTERNATIONAL
Evaders to remain out of net till tax machinery gets fixed
FBR begins on-site inspection to check misuse of concessions
New assets declaration scheme comes into force
For Pakistan flight of dirty money abroad more serious: UK report
Rs5,550 bn tax target highly ambitious, impossible to achieve: Dr Pasha
BUSINESS RECORDER
IMF deal cannot be made public for now: Hafeez
LCCI for shifting energy from conventional to renewable
EXPRESS NEWS PAPER
Target of 5500 billion tax collection, all departments will minimize expense. Hafeez Sheikh
Govt assured Textile Exporters for granting incentives
Procedure of tax payment on declaration of assets under amnesty scheme announced
Decision to introduced new tariff lines for growth of exports
Date May 25 , 2019
DAWN NEWS PAPER
Govt to bring circular debt to zero by Dec ’20: Omar Ayub
Punjab cabinet ends rebate on sugar export
Will not increase burden on existing taxpayers: Zaidi
Cotton, construction drive down GDP growth
Modi facing urgent economic challenges
Imran rejects MQM-P’s demand for division of Sindh
FBR Ad, Asset Declaration Scheme-2019
THE NEWS INTERNATIONAL
Crisis to be over in two months: Imran
Subsidy on sugar export abolished in Punjab
Govt in a fix how to up tax collection to Rs5,360 bn
Pakistan fully complying with FATF, US told
SHC restrains Sindh from collecting service tax
MPs not tax-evaders: FBR wants people to join tax net voluntarily, says Shabbar
IMF package to help ease Pak debt burden
Economy hit by demand compression
Ban on plastic bags from Aug 14
IMF admits ‘major developments’ ahead of bailout
“Reality bites after IMF tells Pakistan to leave rupee to market forces”
BUSINESS RECORDER
Economic woes: Private sector urged to help government achieve stability
Issuance of bonus shares, SECP reminds cos to comply with conditions
FBR chief to meet LCCI officials today
Hoarding of dollar: land mafia, currency players behind PKR devaluation: FCCI chief
PKR devaluation badly affecting economy: S M Muneer
Cotton crop production registers 17.4 percent fall
Appointments of Hafeez, Baqir challenged in SC
Heatwave forecast for Karachi from 25th to 27th
JANG NEWS PAPER
Implementation on FATF conditions, Pakistan informed USA
Agreement with IMF, Govt distress on financial matters
Dollar and Gold cheaper, positive indicators in stock exchange
Advisor Finance Dr. Abdul Hafeez Shaikh will hold press conference today
Demand under pressure, country’s economy facing severe difficulties
Parliamentarians are not thieves, want to bring people voluntary into tax net. Shabbar Zaidi
EXPRESS NEWS PAPER
No need of new provinces in Sindh. Prime Minister
Rupee getting alive, rise in stock market, gold also cheaper
Loan given to Pakistan to bring back on economic track. IMF
F.B.R released assets declaration form
During 9 months 7.3 billion dollar loan repaid. State Bank
Consideration to fix 18% rate on depositing Rs.2 trillion sales tax
Date May 24 , 2019
DAWN NEWS PAPER
FBR eyes Rs775bn in fresh taxes next fiscal year
Another key change as govt names new finance secretary
PM wants action against power, gas thieves continued
In a first, SC to use e-Court system
British Airways to resume operations with three weekly flights from June 2
THE NEWS INTERNATIONAL
PM directs indiscriminate action against power thieves
Govt removes Younas Dagha as secretary finance
Govt sets growth targets for next fiscal year
British Airways to resume services to Pakistan on June 2
Govt, IMF negotiations raising serious questions, says Rabbani
‘Industry specific skill councils to help identify job market needs’
Tax from new car registration down 10.2pc to Rs8.2bln in 10 months
Rupee extends gains against dollar on improved supplies
Harsh measures now must to fix Pakistan’s worsening economy
Forex reserves down at $15.126bln
LCCI seeks ease of doing business
BUSINESS RECORDER
Cabinet unaware of ”harsh” IMF conditionalities?
Asad, Hamid made external members of MPC
Naveed Kamran made secretary finance
Assets Declaration Scheme: FBR and DGIT to hold roadshows abroad
SBP”s reserves plunge by $788 million
FPCCI Lahore, Islamabad offices: BMP urges DGTO to allow voting right
FPCCI chief for assigning exports targets to commercial attaches
Sindh CM, governor urged to resolve SITE’s water crisis
KCCA seeks withdrawal of scanner infrastructure fee
Shopping mall: Sindh government restrained from collecting stamp duty
JANG NEWS PAPER
5th Changes in Economic Team, Secretary Finance Younus Dagha released Naveed Kamran appointed
In current fiscal year big target for industry, agriculture, service could not be achieved
Federal budget will be placed on 11 June
Dollar, Gold, Cement further cheaper, stock market increased by 16.25% within 2 days
EXPRESS NEWS PAPER
Per capita income likely to be 1500 dollar during fiscal year 2019-20
Commercial counselors should play role to enhance country’s exports. Daroo Khan
Heat weave prediction again in city, temperature will be between 39-41 degree
Date May 23 , 2019
DAWN NEWS PAPER
$3.2bn Saudi oil facility to begin on July 1
BoI chairman quits, finance secretary also set to be replaced
NSC backs govt plan to deal with economic crisis
Shabbar Zaidi warns tax defaulters of utility disconnections
Amnesty for elite, taxes for people
THE NEWS INTERNATIONAL
Govt decides to end subsidy zero-rated industry
90pc industrial consumers don’t pay sales tax
Deal with IMF must be renegotiated: Dr Pasha
FPCCI raises complaints of extortions with DG Rangers
FBR’s property tax collection climbs 58 percent in July-March
FPCCI team meets commerce minister
FBR’s tax facilitation initiatives hailed
BUSINESS RECORDER
Rate hike to slow credit growth: Fitch
Raising number of GST-registered persons: Budget to introduce legislation, says FBR chief
Business account freeze: FBR examining options: Member
Net outflows due to repayments worrisome: Hafeez
Assets Declaration Ordinance, 2019, LHC issues notices to Centre, MoF, FBR chief and others
Restoration of RD on cotton import recommended
Taxpayers, Chinese envoy hails FBR’s measures
Sales tax rate may be raised from 17pc to 18pc in budget
Business community voices concern over devaluation of PKR, policy rate hike
Customs urged to defer implementation of WeBOC ID option
Budget proposals 2019-20, APTMA seeks permission to procure gas under zero rating facility
Miftah accuses PTI govt of mishandling economy
When top management gets into the front office
JANG NEWS PAPER
Pakistan will retain interest rate st 12.25% till December, 2019
Hoarding of dollar for profit is forbidden. Fatwa of Ulema Council
Govt withdrawn energy package for exporting industry
Dollar hoarding, 51 mafias, 72 money exchanger, 18 Bick maker and 9 land mafia found included
On Eid-ul-Fitr federal employees 5 while provincial employees 4 will enjoy holidays
Expo 2020 Dubai construction will be completed by the current year
Open market always follow interbank rates. Exchange Companies Association
Charter of economy is indispensible
EXPRESS NEWS PAPER
Deferred Saudi oil worth 9.6 billion dollar will be given from July
Pakistan released details of Chinese loan
Flying halt, dollar depreciates Rs.1/- stands at Rs.153/-, stock market moved fast
Electric, gas industrial consumers get registration of sales tax for amnesty scheme. Shabbar Zaidi
Electric connection of non-filers manufacturers will be cut down F.B.R
Current account deficit reduced by 4 billion 27 crore dollar
Investors will be discouraged by current monetary policy. Daroo Khan
Saleem Parkeh expressed deep concern on non-supply of water to industries
Growth of industries is the only solution to overcome economic crisis. KATI
Date May 22 , 2019
DAWN NEWS PAPER
FISCAL BLOWOUT AS DEFICIT JUMPS TO 5PC, REVENUES FLAT
OVER 2,000 APPLY FOR PAKISTAN VISA ONLINE
IMPORTS SHRINK, EXPORTS STAGNATE, FDI PLUMMETS: CURRENT ACCOUNT DEFICIT DROPS 27PC
TAXATION TREATY SIGNED WITH BULGARIA
THE NEWS INTERNATIONAL
RS.154 PER DOLLAR: RUPEE HITS RECORD LOW
TDAP TERMED INEFFECTIVE IN PROMOTING TRADE, BUSINESS
DEBT SERVICING EATS UP RS1.459TR
PERMANENT RESIDENCY SCHEME ‘GOLDEN CARD’ LAUNCHED IN UAE
RS1,922 BILLION HIGHEST BUDGET DEFICIT IN NINE MONTHS
PROPERTY TYCOONS PROPOSE INCREASE IN VALUATION RATES, REDUCTION IN TAX
RUPEE CONTINUES TO FALL, HITS FRESH RECORD LOW
FDI PLUNGES 51.7 PERCENT TO TOUCH 3-YEAR LOW IN JULY-APRIL
FTO LAUNCHES PROBE INTO ‘UNLAWFUL’ COMPULSION ON NON-RESIDENTS TO FILE RETURNS
CURRENT ACCOUNT DEFICIT NARROWS 27PC AS IMPORTS CURTAILED, REMITTANCES UP
AMNESTY DELAY KEEPS PROSPECTIVE DECLARANTS ON TENTERHOOKS
LCCI DEMANDS TAX FACILITATOR PROGRAMME
IS DEVALUATION FAVOURABLE FOR EXPORTING INDUSTRIES, SUPPLIERS?
MAN, SON ARRESTED FOR SWINDLING SAUDI FIRM OUT OF $16,295
BUSINESS RECORDER
JUNE 16-21: FATF MEETINGS IN ORLANDO TO TAKE DECISION
PROPOSED GAS PRICE HIKE TO DISRUPT ECONOMY AND PERTURB MASSES
ENVIRONMENT: SEPA SEEKS REPORTS FROM GOVT DEPTS
BUSINESS COMMUNITY HAILS NAB CHIEF’S DECISION
HIKE IN POLICY RATE TO RAISE COST OF DOING BUSINESS: ATEEQ
WHY AREN’T FOREIGN INVESTORS BETTING ON PAKISTAN
JANG NEWS PAPER
DOLLAR GONE UPWARD FURTHER STANDS AT RS.154/- GOLD ALSO EXPENSIVE BY 600 PER TOLA
HOARDING OF DOLLAR IS ILLEGAL MUFTI TAQI USMANI
F.B.R RELEASED DRAFT STATUS DECLARATION PROPOSAL COMPLAINTS TO BE OBTAINED
EXPRESS NEWS PAPER
REQUEST MADE TO NEPRA TO INCREASE ELECTRIC TARIFF BY 0.75 PAISA PER UNIT EXPENSIVE.
HAMMAD AZHAR AND SHABBAR ZAIDI ACTIVE TO MAKE AMNESTY SCHEME SUCCESSFUL.
HAFEEZ SHAIKH WILL BRIEF MEDIA ON 25TH MAY ON GOVTS. INITATIVE ON ECONOMIC.
FINANCIAL CHALLENGES TO ECONOMY
Date May 21 , 2019
DAWN NEWS PAPER
SBP warns of higher inflation next fiscal year
PM okays appointment of 18 ambassadors
Industry leaders shocked by rate hike, blame decision on ‘IMF pressure’
FBR notifies rules for amnesty scheme
Sindh Revenue Board Ad, Announces Major Relief
THE NEWS INTERNATIONAL
Textile exports remain flat at $11.1 billion in July-April despite stimulus
SBP stands ready to check forex market’s volatility
OICCI calls for easing cost of doing business in Punjab
Appointment of competent people on merit to ensure economic revival
FBR urged to appoint task force
India shares hit record high over Modi election victory forecasts
Inflation doubles, to escalate
Hike in discount rate may further slow down growth, says Dr Ashfaq
Pakistan’s total debt, liabilities rise to Rs35tr
Hoarding dollar to make profit is a sin: Mufti Taqi Usmani
UK Labour leader expresses concern over Pak-IMF contract
BUSINESS RECORDER
Biting inflation: SBP hikes interest rate
Business leaders lauds NAB chief’s statement
APBF voices conern over rising inflation
China Pakistan FTA Phase II: Commerce secretary meets Faisalabad business community
IMF aid programs mostly help but need fine-tuning: report
Policy rate hike beats expectations
Moon-sighting mobile App forwarded to CII: Fawad
Bangladesh government halts visa issuance to Pakistanis
Foreign currency bank accounts: non-resident individuals not required to be filers, FTO told
FBR chief urged to form JIT to curb smuggling
IMF package: pace of actions, sequencing
Financing of external payments
JANG NEWS PAPER
Discount rate increased, private sector will not borrow from bank
Due to increase in discount rate total loan and liabilities will increase more
State Bank increased policy rate on wrong calculation
Car price will be increased by Rs.7/- lac due to dollar rate of Rs.153/-
Amnesty Scheme and Money Laundering
EXPRESS NEWS PAPER
Discount rate increased by 1.5%, inflation will increased further. State Bank
Dollar become further costly in market, dollar price is at Rs.151/-, not available even in Rs.153/-
Next month FATF meeting will be crucial for Pakistan
Total volume of loan is Rs.35.1 trillion
Date May 20 , 2019
DAWN NEWS PAPER
Visa policy for Pakistanis to be revised: Kuwaiti emir
Economy will come out of crisis soon, says PM
Anti-graft body not responsible for people’s misery: NAB chief
Pakistan needs diplomatic push to exit FATF grey list
Dubai tells food groups to give calorie details on all menus
Politics around the IMF package
THE NEWS INTERNATIONAL
Don’t give posts to people on NAB radar: Justice Javed
Free fall of exchange rate not to be allowed: SBP governor
Business community leader flays govt for rupee depreciation
Pakistan to need certificates from China, KSA, UAE for loans rollover
BUSINESS RECORDER
Economic impact of IMF program
Economic crisis: NAB has no role: chairman
FBR reviewing entire sales tax special regime
Economic stability: PM seeks business community””s cooperation
Penalty, excess amount of default surcharge: SRB allows service providers to avail exemption
Bangladesh factory safety monitors get court extension
UBG leader terms rupee devaluation government’s failure
Rate hike unwarranted, yet likely
Hajj flights schedule likely in 2nd week of June
‘Modalities of new economic reforms being considered’
Trade potential exists between Pakistan, Vietnam
SCCI submits proposals for budget 2019-20
JANG NEWS PAPER
Action will be taken against companies not paying tax. Shabbar Zaidi
Exchange rate will not be allowed to go down at once. Governor State Bank
Tax Amnesty Scheme unclear, confusing and unpracticable. Tax Experts
IMF demands from Pakistan to defer payment of foreign loans
Large scale manufacturers witnessed reduced growth during current fiscal year disclosed
Govt borrowed from State Bank Rs.16 trillion within one week
EXPRESS NEWS PAPER
Volume of foreign loan at 105 billion 84 crore dollar
Date May 18 , 2019
DAWN NEWS PAPER
Hafeez Sheikh reaches out to brokers amid turmoil
Ogra seeks massive rise in gas tariff
Govt ponders over electric cars to fight pollution
Zubair sees ‘deliberate move’ behind rupee slide
Appointment of FBR chief challenged
SBP re-launches SMS service for issuance of fresh currency notes
‘Devaluation to hit value-added textile sector adversely’
SBP Ad, Now new currency notesat your fingertip
THE NEWS INTERNATIONAL
Rupee the ‘whipping boy’ hits another record low
‘Tax amnesty scope broadened to benefit masses’
FBR tasked to make amnesty a success
‘Gas production drops 5-7pc on absence of new exploration’
ICMA Pakistan has called for simplifying tax structure
Govt going green to purge pollution
Pak rupee Asia’s worst currency: Bloomberg
Stocks continue descent: Dollar devalues rupee again
Up to 47pc hike proposed in gas tariff
The good, the bad and the ugly projections of Finance Ministry
No SBP interference in banks’ affairs results in fall of rupee
Nation should know about properties of newly-appointed officials, says Zubair
Shabbar to also head Revenue Division
BUSINESS RECORDER
PM gives green light to E-cars, green economy initiatives
PKR erosion adds to external debt heavily
SNGPL, SSGCL allowed increase in gas prices
SBP relaunches ‘8877’ SMS service for fresh currency notes
Businessmen Panel voices concern over all-time low PKR value
MPS likely on 20th, Policy rate may go up by another 100bps
All export-oriented issues being automated, CCE informs FPCCI
Soaring dollar rates big blow to business activities: LCCI
Shabbar’s appointment challenged in IHC
JANG NEWS PAPER
Enhancement of gas price by 47% approved implementation from 1st July
Ministry of Finance good, bad and worsen financial estimation
CNG fixed at Rs.83/- per litre, instead of Rs.79/- due to dollar increased by Rs.150/-
Continuous depreciation of rupee is disastrous for economy. Exporters
Decision to handover charge of Secretary Revenue Division on to Chairman F.B.R Shabbar Zaidi
State Bank Monetary Policy, announcement on Monday policy rate likely to increase by 1%
Initially FTF not understandable and not gained. Federal Secretary Commerce
Pakistani rupee is weakest currency is Asia, Afghanistan left behind. Bloomberg
Rupee depreciated due to non-interference of State Bank
Economy should be controlled jointly
EXPRESS NEWS PAPER
Ogra recommends increase in gas price by 47% cabinet will deiced finally
1 ½ Century of dollar, Rs.133 billion further dipped in stock market
Meeting of Pakistan FATF completed
Instruction to investigate industries at forged addresses to avoid tax evasion
Value added Textile Associations expressed concern on depreciation of rupee
Date May 17 , 2019
DAWN NEWS PAPER
Rupee fall reflects market conditions: SBP
APG raises questions over efforts against terror financing
IMF deal has nothing to do with NFC award: Hafeez
Opposition blasts govt for secrecy over IMF agreement
THE NEWS INTERNATIONAL
Dollar hits record high, stocks plunge
Cabinet members are in the dark about IMF deal details
Amnesty scheme being clarified through rules today
Traders seek incentives, but don’t boost exports: Dr Shaikh
Anemic rupee feared to stoke cost of doing business
Plan in place to shield low-income group from price hike: FM
SBP expected to raise interest rate on grim inflation outlook
FBR deploys mentors to promote filing of income tax returns
When dealing with a dysfunctional economy, try daredevil policies
Forex reserves fall to $15.894 billion
BUSINESS RECORDER
Forex reserves fall by $79 million
IMF programme: The journey has just begun
Treasuries given no indicative level
Currency depreciation was already on the cards
Assets Declaration Rules 2019 to be issued today
Dollar not available in open market?
#Dollar trending top on Twitter
Avant-garde budget proposals – II: Fixing the narrow and punctured tax base
Chinese visas to be issued from Lahore: envoy
NKATI urges govt to bring an end to load-shedding
EFP proposes steps for revival of industries
PBIF concerned at leaving exchange rate on market forces
Five leading sectors, Withdrawal of GST concession to have negative impact on exports
JANG NEWS PAPER
Agreement with IMF cabinet members unaware of details
Traders can not increase exports only demand incentives. Hafeez Shaikh
EXPRESS NEWS PAPER
Dollar reached at its peak to Rs.147.50
State Bank responsible to keep rupee stable, no new tax will be levied in budget. Dr Hafeez Shaikh
New monetary policy will be announced on 20th May
4 to 5 Billon dollar cane be provided to Govt. Malik Bostan
Date May 16 , 2019
DAWN NEWS PAPER
PM forms body to control rupee devaluation
Big industry production contracts 10.6pc
Exports decline despite subsidies, devaluation
Two legs of economic management
Prof Iraqi appointed acting KU VC
THE NEWS INTERNATIONAL
Tough action soon against companies raising dollar rates
To comply with IMF conditions: 15pc hike in power tariff on the cards
If tax amount not paid in time: Amnesty scheme slaps 10 to 40pc default surcharge
President signs ordinance approving tax amnesty scheme
Gold selling for over Rs 70,000 from Rs 85 in 1952
58pc Pakistanis satisfied with PM Imran’s individual performance, says survey
Federal budget likely on June 10
Wajid Rana likely to be DC Planning Commission
FPPCI, UBG welcome govt’s Assets Declaration Scheme
Tax amnesty schemes in Pakistan and world over
New amnesty scheme more effective: Baig
Trade deficit narrows 12.8pc to $26.3bln in July-April
Business leaders hail tax amnesty scheme
Bailout blues: In low-subsidy, high-cost milieu, only efficient will endure
BUSINESS RECORDER
TMA hails, FBR chief’s bold steps
PM tells forex dealers, Don’t sell dollar at higher than market rates
Jul-Apr trade deficit down 12.82pc YoY
External debt, liabilities hit historic high of $105bn
Declarants of foreign liquid assets, Law spells out what is mandatory
Amnesty – right step but too small
Capacity payments: the elephant in the room
Chambers’ presidents meet FBR chief
Amnesty scheme, KCCI urges govt to keep declarants’ data confidential
ICCI calls for extending amnesty scheme till Dec
Assets Declaration Ordinance 2019, Immovable property allowed to be declared at rate of 2.25pc
FBR: more sinned against than sinning?
Draft Listed Companies, (Code of Corporate Governance) Regulations — 2019
JANG NEWS PAPER
President signed ordnance, Amnesty Scheme imposed across the country
Electric tariff to be increased by 15% before IMF package
300 Taxpayers pay 80% tax of the country. Shabbar Zaidi
Amnesty Scheme up to 80% surcharge to be paid if tax not paid in time
Formal dialogue with Pakistan and FATF at China
3 Professors of public administration of Karachi University are Vice Chancellor at a time
Notification with regard to V.C. Ship od Dr. Khalid Iraqi issued, today will assumed charge
New deputy collector posted at 8 custom formations
IMF programme by Dr, Miftah Ismail
EXPRESS NEWS PAPER
Dollar hike at peak on Prime Minister’s notice gone downward
Assets declaration is big than Amnesty Scheme. Shabbar Zaidi
July – April: Trade deficit remains reduced at 13% wroth 26 billion dollar
Foreign investors hailed appointment of Shabbar Zaidi
Karachi chamber hailed Govt tax amnesty scheme
Date May 15 , 2019
DAWN NEWS PAPER
PTI govt unveils first amnesty scheme
Power to suspend sales tax registration centralised
Those opposing IMF deal have already done the same: Hafeez
Pakistan ranked 3rd best in hydel power growth
US refused visas to three govt officials: FM
Opposition parties voice concern over amnesty scheme
THE NEWS INTERNATIONAL
FBR struggles to net Rs1.4trn in May-June
Tax professionals seek quarterly data for FBR to identify potential taxpayers
‘Tax system must be revamped in line with Chinese model’
FBR chief’s maiden decision hailed
Smuggling, tax evasion more damaging than terrorism
Bank deposit condition to stop payment of less tax in future
FBR officials barred from raiding any business premises
Cross-cultural marriages: China stops issuing visas
BUSINESS RECORDER
Field formations restrained from conducting raids without prior approval
Pakistan delegation arrives in China to attend APG meeting
The implications of IMF package
KBG hails FBR chief’s directives
4pc tax termed attractive for legalising black money
JANG NEWS PAPER
Maximum investment will be made in textile industry. President National Bank
Bank deposit condition is to curb low tax payment
Business premises, restriction on raid officers and delisting from taxpayers list
Disturb news is hidden in the details
Approval to appoint Dr. Khalid Iraqi as vice chancellor of Karachi University
EXPRESS NEWS PAPER
Federal cabinet approved tax amnesty scheme
From 1st July DC rates of land will be according to market. Chairman F.B.R
Circular issued not to delist taxpayer from active list
Prime Minister’s economic team will give briefing to media fortnightly
Construction of 2 story building abolished. Notification issued
Date May 14 , 2019
DAWN NEWS PAPER
Stock market snubs IMF deal, plunges by 816 points
Opposition parties see economic collapse after IMF deal
PM takes ruling alliance into confidence on IMF package
Senate rejects move to relocate PIA head office
Pakistani team off to China for APG meeting
Asad to explain how his IMF terms differed from those agreed upon
WeBOC-Glo clearance system launched
Oil, gas reserves found in Sindh
Dollar records hefty gains against rupee in open market
Sindh on path of meeting revenue collection targets, CM told
THE NEWS INTERNATIONAL
Textile ministry disburses Rs52bln
‘Textile sector can raise GDP growth’
Customs launches clearance system
Govt must shape up to fulfill IMF terms after signing programme
Interbank, open market gap widens to Rs2.31 per dollar
‘Why Pakistan needs yet another IMF bailout’
Foreign investors eye rupee stability to capitalise on IMF-backed reforms
Businessmen fear escalation in cost of doing business
In exchange of IMF deal: What political price will have to be paid, asks opposition
Tax amnesty scheme to be tabled before cabinet today
Current difficulties will lead to prosperity: PM
IMF conditions: Rs475 bn new taxes to be slapped in next budget
Clearance from FATF must for IMF loan: Dr Pasha
Talks held on Pakistan-Turkey economic framework
BUSINESS RECORDER
20pc hike in power tariff agreed with IMF
Umar-led body to take briefing on IMF bailout, FATF challenge
Five leading sectors, GST concession may be withdrawn
Economic policies, PTI govt takes allies into confidence
Draft of asset declaration scheme-2019 finalised
APTMA pins hopes on new team to overcome economic crisis
Customs launches upgraded version of WeBOC
Business community optimistic on FBR reforms
‘Staff-level agreement’ with IMF
JANG NEWS PAPER
Tax Amnesty Scheme, country’s asset will be charged @4% and on foreign assets @1.5% proposed
Govt has to collect Rs.475 billion revenue for next budget
State Bank will issue new currency notes to citizen from 20th to 31st May
Interest of Rs.2222 billion annually being paid from loan
British airways to restore nonstop flights from 2nf June from Islamabad
IMF agreement positive and negative aspects
EXPRESS NEWS PAPER
TDAP Heimtextil Frankfurt – 2020 subsidy will be provided
WeBOC Glo system introduced for importers and exporters
Kati hailed steps of Chairman F.B.R
Tax Amnesty Scheme domestic assets @4% and foreign assets @6% tax will be cleared
Ministry of Finance sent draft of Amnesty Scheme to the Cabinet
Approval of IMF financial package
Date May 13 , 2019
DAWN NEWS PAPER
$6bn IMF bailout package for Pakistan finalised
Tax amnesty scheme to be introduced today: minister
Agreement with IMF should be subject to parliament’s nod: JI
IMF approached for help as last resort: Qureshi
Losing out to regional competitors
Renewed efforts: moving from crisis to stability
Costs of widening electricity gap
THE NEWS INTERNATIONAL
IMF programme folded into tough prior actions
Conditions will be known after IMF final approval: Dr Ashfaque
81 Asians among UK’s richest 1,000
‘Fitrana’ fixed at Rs100 per head
Biometric verification of leftover Haj pilgrims from Ramazan 16
What after staff level agreement
Hindujas top 2019 list of Britain’s wealthiest
BUSINESS RECORDER
IMF deal, CPFTA-II may hit manufacturing sector
Leather garments sector: Razak vows to help resolve ERF issue
PBIF for making industry profitable sector to end dependence on loans
Power tariffs: how (not) to raise?
STOAP hails Shabbar’s appointment as FBR chief
Pak-EPA promoting concept of green industrial zone, claims official
JANG NEWS PAPER
Life is in economy doing of business will be easier for taxpayers. Shabbar Zaidi
IMF programme “1st Take Steps” is in the strict condition
Govt borrows from Central Bank Rs.121 billion
EXPRESS NEWS PAPER
6 Billion dollar loan agreement with IMF executed
Dialogue with FATF will begin from tomorrow
Date May 11 , 2019
DAWN NEWS PAPER
Talks with IMF to continue over weekend
No attachment of defaulters’ bank accounts until approval: FBR chief
Number of Pakistani accounts reported to Twitter drops
Senators slam govt for ‘outsourcing’ economic management to IMF
SEZ investors in the lurch as utility connections fail to materialise
Abraaj founder given more time to raise £15m bail
Sindh govt slammed for raising water tariff by 9pc
THE NEWS INTERNATIONAL
‘Pakistan braces for very tough conditions as IMF deal long-delayed’
TDAP advocates trade agreements
‘IMF package to prove catastrophic’
Tax reforms and the future of the economy — Part V
Undocumented economy to be brought into tax system
$6.5 bn package: Pak-IMF talks remain inconclusive on last day
Senate session: Govt comes under fire on ‘handing over’ economy to IMF
US firm to monitor internet traffic in Pakistan
LHC suspends notices for agriculture tax
New inflation wave if Rs700 bn subsidies withdrawn, say experts
Shabbar’s powers limited, cannot have revenue secy charge
BUSINESS RECORDER
Government, IMF still struggle to reach deal
2013-18 period: Interest on debt stands at $6.881 billion, NA told
Bank account attachment: Shabbar issues major directive to field formations
Shabbar spells out his priorities in address to taxmen
”Size of parallel economy is over 30 percent”
Qureshi briefed about launch of online/e-visa facility
BMP asks PM to introduce internal tax reforms
SBCA Ad, Establishment of Single Window Facility
JANG NEWS PAPER
Volume of black economy is 30% to bring into tax system. Chairman F.B.R
Agreement could not be reached on few conditions, Pak – IMF dialogue to be continued till tomorrow
New Budget: poor should be taken into consideration
EXPRESS NEWS PAPER
Tax of Rs.750 billion and package of 8 billion dollar, conditions agreed draft sent to Washington
Deadlock in IMF programme, Prime Minister expressed reservations on huge taxes
Additional charge of Secretary Revenue given to Secretary Finance Muhammad Younus Dagha
Date May 10 , 2019
DAWN NEWS PAPER
Shabbar appointed FBR chairman
Economy suffers major setback in FY19, growth rate slows to 3.3pc
Water tariff to go up by 9pc from July 1
THE NEWS INTERNATIONAL
Shabbar aims to chase low, nil filers
Gas production falls 5pc to 3.6bcfd in April
ACCA advises corporate tax cut, single-digit GST
Tax reforms and the future of the economy (Part IV)
LCCI calls for flat tax system
Raise in domestic airfares criticised
PCMA slams RLNG rate-based gas
Capitulating to IMF will cause massive unemployment, warns economist
Forex reserves rise to $15.972 billion
Chronology of tax collection in last 15 years
BUSINESS RECORDER
Government borrows Rs 3.65 trillion in eight months
Shabbar Zaidi appointed FBR chairman on honorary basis
NA body irked by absence of Hafeez
Talks with IMF: Specific time-bound structural benchmarks not yet been finalized
SBP”s reserves down over $1.5 billion in April
Umar made member NA body on Finance
$27 million knitwear exports at stake: PHMA seeks SNGPL’s support to achieve export target
Senate informed: no political leader except Shibli, Qamar met IMF country head
Avant-garde budget proposals – I: Growth, taxes & equity
FPCCI chief voices concern over raise in air fares
FBR chief’s appointment, Consultation process under way: officers
PBIF chief hails FBR chairman’s Appointment
Ogra reduces RLNG price by $0.13 per mmbtu
JANG NEWS PAPER
New F.B.R Chairman will chase paying less tax and non-filers
EXPRESS NEWS PAPER
Target set for enhanced % of GDP no achieved, 6.2% target remains half
In next 7 years foreign loan of 31 billion dollar to be paid
TDAP Ad, Texworld, Paris – France September, 16-19, 2019. Last date to apply: May 24, 2019
Date May 09 , 2019
DAWN NEWS PAPER
Move to withdraw Rs700bn tax exemptions, says official
Asad named chairman of NA’s finance panel
PM aide meets tax officials to break logjam over FBR slot
FBR seeks downward revision of collection target
Bilawal hints at challenging IMF man’s appointment as SBP governor
Islamic lunar calendar to be ready in two weeks
THE NEWS INTERNATIONAL
Govt decides to present next budget after Eid
IP gas pipeline: Iran issues notice to Pakistan on moving arbitration court
Shabbar not fit to be FBR chairman: cabinet summary
Shabbar Zaidi’s appointment: Summary with objections withdrawn
PM okays Asad Umar’s appointment as head of NA body on Finance
PM holds vital meeting with Dr Hafeez Shaikh, Shabbar Zaidi
Pakistan, IMF work out $10-$11 bn financing gap
Govt urged to reduce tax gap to improve revenue
Number of tax return filers increases to hit record 1.96 million
Tax reforms and the future of the economy —Part III
BUSINESS RECORDER
PSM sell-off: Government finally takes decision about white elephant
FBR officials say they”re ready to work with Shabbar
IMF bailout likely by next month
Revenue collection target: FBR approaches Ministry for downward revision
IMF package: Government is not bound to take parliament into confidence: official
Consumer interest losing to producer interest?
Provinces-IMF meet: anything beyond goodwill?
Budget proposals, EFP-EC calls for simplifying tax regime
JANG NEWS PAPER
Prime Minister meeting with Shabbar Zaidi, discussion on F.B.R affairs
Chairman F.B.R’s appointment summary of objections withdrawn
Rs.700 billion will be a big burden of taxes in one year. Hafeez Pasha
Chinese digital economy reached to 4.6 trillion dollar
5.3% Increase in demand of petroleum products in Pakistan
Issuance of new notes through SMS announced
Difficulties of Ummrah Pilgrims
EXPRESS NEWS PAPER
Electricity have to be made further expensive as there is no way out. Energy Minister
IMF pressure dollar will be of Rs.165 expected
F.B.R officers ready to work with new Chairman
Cost of Doing Business progress in consultation with Centre and Provinces
Date May 08 , 2019
DAWN NEWS PAPER
Chaos in FBR as govt aims for budget on May 22
Budgetary borrowing jumps 26pc in July-April
US warns India against retaliatory duties over scrapping of trade privileges
THE NEWS INTERNATIONAL
Textile potential continues to be under-tapped as policies remain over-tangled
FBR documents Rs75 billion properties under amnesty scheme in July-March
FPCCI urges business-friendly taxation regime
Power tariff to go up by Rs2 per unit
Budget deficit to touch Rs2.8tr this fiscal
Govt decides to appoint new deputy chairman Planning Commission
Sindh demands ST collection rights
Amendment in tax laws demanded
Tax reforms and the future of the economy —Part II
Dr Baig welcomes appointment of Shabbar Zaidi
UK restaurant boss asks fellow businessmen to sell Pakistani cuisine with pride
Shabbar Zaidi stresses need to create pro-tax environment
BUSINESS RECORDER
Qureshi defends SBP governor Baqir”s appointment
PM asks Umar to rejoin cabinet
Power companies ask whether Nepra can revise tariff retrospectively
KE to get extra 150MW from national grid in few days
Over 790MW power, 200mmcfd gas required for nine SEZs
SHC seeks price fixation formula of POL products
Expats” forex deposits: No WHT on cash withdrawals from banks: FBR
Implementation of CPFTA-II to begin from 1st July: Razak
Reforming Pakistan’s tax system
Non-availability of facilities
Business leaders hail Shabbar Zaidi’s appointment as FBR chief
En route IMF: beware of too much tightening
Government urged to withdraw recent hike on POL products
Need stressed for regular meetings of TPB
JANG NEWS PAPER
Decision to make electricity costly, Rs.202 billion will be received
Amnesty scheme will be released before IMF programme, likely to get Rs.170 billion
Amnesty Scheme, expectation to bring 200 billion dollar vanished
Trade deficit to reach at its historical peak to Rs.28 trillion
Water Board Karachi likely to drop bomb of inflation on citizens
New Chairman F.B.R to compensate difficulties of organized business community
Formal notification of Shabbar Zaidi’s appointment could not be released
PTI Govt decided to bring new Deputy Chairman for Planning Commission decide
In new Pakistan country’s export target of 25 billion dollar will not be fulfilled
Fitra will be Rs.100 according to price of flour. Mufti Muneeb
EXPRESS NEWS PAPER
Competition process of Chairman F.B.R appointment becomes disputed
Fitra is at Rs.100 per head. Mufti Muneeb-ur-Rehman
Withholding tax will not be applicable on withdrawing foreign currency. F.B.R
Prime Minister and new economic challenges
Date May 07 , 2019
DAWN NEWS PAPER
Private sector tax expert named FBR chairman
CPFTA-II expected to take effect from July 1: Dawood
World Bank proposes customs reforms
India, US to resolve trade issues
Govt vows to end circular debt by 2020
THE NEWS INTERNATIONAL
IMF wants abolition of Rs700 bn tax exemptions
Customs officer was too junior to head FBR
It seems IMF office being shifted to Pakistan: Zardari
Hafeez reviews progress on FATF action plan
SAI slams KE load shedding schedule
Change in economic team welcomed
Tax reforms and the future of the economy — Part I
IMF programs, technocrats minus consideration for masses
Tax credits for salaried class demanded
‘Governor Baqir expected to toe IMF’s line on exchange, policy rates’
SBP to raise Rs4.75trln through MTBs, PIBs in three months
Legal loopholes, low morale expand tax evasion in Pakistan: World Bank
BUSINESS RECORDER
Shabbar Zaidi new FBR chairman: PM speaks about taxation challenge, LG reforms
Bailout package: IMF mission continues discussions
Inflation, price hike and Pakistan’s economic structure — II
FATF challenge: Hafeez warns against any complacency
Customs tariff slabs on imported items to be revised in budget
New FBR chief says he’ll work harder to remove trust deficit
POL products prices: SHC moved to reverse increase
Withholding statement: KTBA seeks restoration of monthly filing
Business community welcomes appointment of Reza as SBP governor
Industrialists voice concern over KE’s loadshedding announcement
JANG NEWS PAPER
Work be done day and night to implement on FATF action plan. Hafeez Sheikh
To mend revenue system is matter of survival for Pakistan. Shabbar Zaidi
Smart Phone is the cause of reduce life expectancy, it is essential to review its cause
Budget will be announced on 24th May
F.B.R officers expressed reservation on Shabbar Zaidi’s appointment
EXPRESS NEWS PAPER
Provinces failed in revenue collection centre become bankrupt
KATI hailed appointment of Governor State Bank Raza Baqar
Date May 06 , 2019
DAWN NEWS PAPER
Pakistan doesn’t need additional taxes to cover revenue shortfall: WB
Why breaching debt limit has no consequence
We need a national industrial policy
Ramazan begins tomorrow, in parts of KP today
THE NEWS INTERNATIONAL
Govt hikes GST, PDL rates for POL products
Pakistan to make loan repayment of $2.575 bn during May-June
Headway made by Egyptian economy under Dr Reza Baqir
Economy in virtual control of IFIs: Dr Ashfaque
Economic outlook
BUSINESS RECORDER
Government upbeat about new SBP governor Reza
Dr Reza Baqir assumes charge as SBP Governor
Petroleum price hike: Government engaged in ”melodrama”
Dealing with the economic mess
Big changes needed to fix economy
Plan to make informal workers part of EOBI under way: Bukhari
Rabbani deplores appointment of IMF employee as SBP governor
Petroleum products: new sales tax rates become effective
JANG NEWS PAPER
2.5 Billion dollar commercial loan on Pakistan within 2 months payable
Pakistan outsourced its policy for IMF
State Bank new Governor Reza Baqir assumed charge on holiday
Expectations from new economic team
Petrol Bomb
EXPRESS NEWS PAPER
Petroleum prices enhanced to overcome further deficit. Govt
Strict law ready to double penalty for money laundering
Prices of petroleum product again increased
Date May 05 , 2019
DAWN NEWS PAPER
IMF economist appointed SBP governor
Fresh pitch made to ADB for investment
`Pakistan third largest beneficiary of IsDB financing`
SBP to increase SMEs credit share to 17pc by 2020
ICAP proposes tax rationalisation
THE NEWS INTERNATIONAL
Three-year programme: IMF asks Centre, provinces to generate surplus revenue
New SBP chief headed IMF mission in Egypt
Why did govt seek resignation of SBP governor?
Inflation hitting globally: Razak
Sindh has better tax collection record: Murad
Karachi customs collects Rs602bln in 10 months
Our curious taxing paradox!
BUSINESS RECORDER
Budget surplus: Grant of incentives to provinces approved by FCC
Documentation of agri income, digital tax top ICAP budget proposals
Dr Reza Baqir appointed governor SBP
Govt will reduce duty on raw materials, says Dawood
ST rate cut on POL products: Govt to suffer Rs5bn revenue loss from May 1-5
OGDCL chief unveils strategy to reduce reliance on imports
Industrialists, traders castigate govt for POL price-hike
Saudi traders for exchange of delegations, B2B contacts
JANG NEWS PAPER
Reza Baqir Governor State Bank, Ahmed Mujtaba Memon Chirman F.B.R
Why Govt sought resignation from Governor State Bank
New Chairman F.B.R Ahmed Mujtaba Memon will assume charge tomorrow
Inflation is all over the world, institutions running losses will be sold out. Advisor Commerce
Petrol Rs9.42, Diesel Rs4.89, Kerosene oil Rs7.46 costly
Implementation in free trade agreement with China likely to begin from July
Big changes in economic team
EXPRESS NEWS PAPER
IMF gave target Rs430 billion cash surplus to 4 provinces
Economy is being placed on right track. Abdul Razzak Dawood
Pakistan’s income likely to be 5.6% to 7%. Asian Bank
12 Billion dollar given to Pakistan more will be given. President Islamic Development Bank
IMF opposed Amnesty Scheme, sales tax 18% demand to abolish subsidy
Economic and democratic benefit unavoidable
Date May 04 , 2019
DAWN NEWS PAPER
ABRAAJ CAPITAL FOUNDER GETS RECORD $20M BAIL REPORT
BANK TIMINGS IN RAMAZAN
COTTON PRODUCTION FALLS TO 10.7M BALES
ECC ALLOWS RS9.34 HIKE IN PRICE OF PETROL
FO DEPLORES INDIA`S BID TO MAKE FATF DOWNGRADE PAKISTAN
IMF TALKS PROGRESSING, SAYS HAFEEZ
MOVE TO WITHDRAW 5TH SCHEDULE OF CUSTOMS ACT OPPOSED
NISAB FIXED AT RS. 44,415
SBP GOVERNOR, FBR CHAIRMAN SHOWN THE DOOR
THE NEWS INTERNATIONAL
ADVERTISEMENT SINDH BUILDING CONTROL AUTHORITY
BEYOND THE BLACKLISTING
JANG GEO TV BOI INVESTMENT CONFERENCE INFLATION WORRIES GOVT AS IT HURTS THE POOR
MINISTER MISSING, SECRETARY PLANNING HOLDS MEETING WITH IMF TEAM
PAKISTAN CAUTIONS FATF AGAINST INDIAN DESIGNS
RAMADAN FESTIVITIES DAMPEN ECC APPROVES RS9 A LITRE HIKE IN PETROL PRICE
SBP GOVERNOR QUITS, FBR CHIEF ‘REMOVED
TALKING POVERTY
BUSINESS RECORDER
ECONOMISTS DO THE JOB
GOVT’S HELPLESSNESS AGAINST INFLATION CHALLENGE EXPLAINED
IMF AT THE DOORSTEP
PBC OPPOSES REMOVAL OF FIFTH SCHEDULE OF CUSTOMS ACT
PER CAPITA WATER AVAILABILITY COMES TO DANGEROUSLY LOW LEVEL, SENATE TOLD
PROPOSED AML, FERA AMENDMENT BILLS
RS9.34 INCREASE IN PETROL PRICE APPROVED BY ECC
SBP ANNOUNCES OFFICE, BUSINESS HOURS FOR RAMAZAN
JANG NEWS PAPER
69% WATER USED IN PAKISTAN IN UN SAFE FOR HUMAN BEINGS WORLD BANK
ECONOMIC COORDINATION COMMITTEE RECOMMENDS HIKE IN PRICE OF PETROL RS. 9- DIESEL RS. 5- PER LITER.
RESIGNATION SOUGHT FROM GOVERNOR STATE BANK OF PAKISTAN
EXPRESS NEWS PAPER
DIESEL RS. 4.89, KEROSINE OIL RS. 7.46 LIGHT DIESEL RS 6.40 PER LITER WILL BE COST ECC DECIDED IMPLEMENTATION AFTER GOVT. NOTIFICATION GOOD PROGRAMME WITH IMF WILL BE RESOLVED
PAKISTAN SHOULD RETAIN ITS DEVELOPMENT EXPENDITURE IN BUDGET IMF
DATE May 03 , 2019
DAWN NEWS PAPER
$1bn ADB loan likely for budgetary support
Textile exporters face shortage of dye chemicalsTrade chambers demand tax reforms, end to harassment
Trade talks with US held
Provincial finance ministers called to meet IMF team in Islamabad
Deal with IMF to be signed shortly, Senate told
NAB chief wonders why ordinance wasn’t voided if it’s bad
Happy returns
SBP reserves dip $219m
FBR: tax assessments
THE NEWS INTERNATIONAL
IMF’s nod awaited on medium-term economic targets
Next budget to shift policy focus from imports, trading: adviserRules are for fools!
Tough Pak-IMF talks underwa
IDB president offers Pakistan second phase of MPS
8m people may go below poverty line in next two fiscals
The world’s 10 largest hydro-electric dams
Workers' wages
Sri Lanka, Pakistan among Asia’s most undernourished countries
BUSINESS RECORDER
$63 million snack plant opens in Multan: Cost of doing business to be slashed in budget: Dawood
SMEDA draft reviewed for new SME Policy 2019
IMF seeks 25 percent increase in power tariff?
Government accused of agreeing to create unified tax agency
July-March 2019: $3.147 billion borrowed from foreign banks
Significance of Fifth Schedule of Customs Act
Reserves decline
Pakistan, US hold consultations under TIFA
A ‘homegrown’ solution?
Towards revitalizing exports
Budget 2019-20 & tax reforms
JANG NEWS PAPER
Pakistan and IMF will hold most difficult dialogue for agreementVolume of Chinese loan is 11 billion dollar out of 100 dollars. Dr. Ishrat Hussain
EXPRESS NEWS PAPER
Increase in tax revenue IMF expressed satisfactionSenate: IMF declared economy worst govt
Ramazan-ul-Mubarak change of official timings notification issued
DATE May 02 , 2019
DAWN NEWS PAPER
CENTRE-SINDH TENSIONS MOUNT ON SALES TAX COLLECTION RIGHTS
IMF NEGOTIATIONS
UNIONS DEMAND IMPLEMENTATION OF LABOUR LAWS, RAISE IN WAGES
THE NEWS INTERNATIONAL
IMF BRIEFED ON TAX AMNESTY, PRIVATISATION, POWER, GAS TARIFFS
MURAD TELLS HAFIZ SHAIKH TO FOLLOW CONSTITUTIONAL LINE ON SALES TAX-
PENSION PAYMENTS TO REACHRS46 BILLION IN NEXT FISCAL YEAR
PETROL UP
THE EXPORTS MULTIPLIER EFFECT
BUSINESS RECORDER
AN OILY CHALLENGE
FREE THE STATISTICS (DIVISION)
GOOD TIMES FOR FML
GOVT URGED TO OVERHAUL NATIONAL TAXATION SYSTEM IN TOTO
HOMEGROWN’ MACROECONOMIC FRAMEWORK
INFLATION, PRICE HIKE AND PAKISTAN’S ECONOMIC STRUCTURE — I
TALKS WITH IMF ON ST SINDH CM WRITES LETTER TO HAFEEZ
THE END OF HISTORY AND THE LAST IMF
TOO, OPTIMISTIC ABOUT IMF BAILOUT
WEBOC GOES OPERATIONAL AT KEPZ FROM TODAY
JANG NEWS PAPER
F.B.R’S REVENUE GROWTH RATE ALL TIME RECORD FALLEN
IMF BRIEFED ON AMNESTY, PRIVATIZATION, GAS AND ELECTRIC TARIFF
PETROLEUM PR4ODUCTS F.B.R MADE DRASTIC CUT IN SALES TAX
EXPRESS NEWS PAPER
DEAD LOCK ON CIRCULAR DEBT AND MONETARY POLICY AMONGST PAKISTAN AND IMF
INCREASE IN PETROLEUM PRODUCTS DEFERRED. DECISION TOMORROW IN ECC MEETING
DATE May 01 , 2019
DAWN NEWS PAPER
Cabinet defers up to 14pc increase in oil prices
Senators slam govt for taking $1.88bn loans in five months
Revenue collection posts meagre 3pc growth
THE NEWS INTERNATIONAL
Free trade with China: Pak industry protected, cabinet told
Rs355 bn revenue shortfall stares FBR
Govt urged to revisit legal framework to broaden tax base
Ogra increases LPG price by Rs16.22 on 11kg cylinder
Govt rings up curtain on 50,000 power defaulters
SNGPL, SSGC incur Rs180 billion losses in two years
BUSINESS RECORDER
Trade with China, Safety valve in BoP clause ensured
Trade with neighbours, FBR directed to simplify laws and regulations
Hike in gas prices imminent: Petroleum Division
POL prices less in Pakistan compared to oil importing nations: minister
Insurance premium, Proposal to abolish 1pc Federal Insurance Fee under study
GST returns to be separate, Web portal to be single for FBR, PRAs n two years
JANG NEWS PAPER
NEPRA sought report from K-Electric with regards to GDDS from consumers
List of more than 10 lac defaulters of electric companies placed on website
Closure of more than 30 lac Mobile phones without duty begins
EXPRESS NEWS PAPER
IMF – Pakistan assured to enhance Electric and Gas price
Factories spreading position through chimneys. Is Govt Sleeping?. Supreme Court
New notes can be booked via SMS from 20th to 31st May
Rs35 billion paid against pension during current year. Chairman EOBI
Date May 17 , 2019
DAWN NEWS PAPER
Rupee fall reflects market conditions: SBP
APG raises questions over efforts against terror financing
IMF deal has nothing to do with NFC award: Hafeez
Opposition blasts govt for secrecy over IMF agreement
THE NEWS INTERNATIONAL
Dollar hits record high, stocks plunge
Cabinet members are in the dark about IMF deal details
Amnesty scheme being clarified through rules today
Traders seek incentives, but don’t boost exports: Dr Shaikh
Anemic rupee feared to stoke cost of doing business
Plan in place to shield low-income group from price hike: FM
SBP expected to raise interest rate on grim inflation outlook
FBR deploys mentors to promote filing of income tax returns
When dealing with a dysfunctional economy, try daredevil policies
Forex reserves fall to $15.894 billion
BUSINESS RECORDER
Forex reserves fall by $79 million
IMF programme: The journey has just begun
Treasuries given no indicative level
Currency depreciation was already on the cards
Assets Declaration Rules 2019 to be issued today
Dollar not available in open market?
#Dollar trending top on Twitter
Avant-garde budget proposals – II: Fixing the narrow and punctured tax base
Chinese visas to be issued from Lahore: envoy
NKATI urges govt to bring an end to load-shedding
EFP proposes steps for revival of industries
PBIF concerned at leaving exchange rate on market forces
Five leading sectors, Withdrawal of GST concession to have negative impact on exports
JANG NEWS PAPER
Agreement with IMF cabinet members unaware of details
Traders can not increase exports only demand incentives. Hafeez Shaikh
EXPRESS NEWS PAPER
Dollar reached at its peak to Rs.147.50
State Bank responsible to keep rupee stable, no new tax will be levied in budget. Dr Hafeez Shaikh
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