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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

Reserves fall

The last IMF loan?

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

Fixing SBP borrowings

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

Zero-rated no more

Gas prices: U-turn calling

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

Dispute remains on abolishing zero rated facility, D.R Abdul Hafeez Sheikh meet representatives of business community, budget proposals discussed

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

Who is running the country?

Tax amnesty

FBR notices

Our businessmen

Salaried class

New currency notes

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

Bank holidays

IMF and the new team

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

Proposals by STOAP reviewed

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

New revenue measures

Who is afraid of IMF?

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

Eid holidays notified

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

New shipyard

Erratic KE billing

Tax the rich

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

Stock market tumbles again

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

Free market losing ground

Sanctity of bank account statement

Peak-hour rates to be imposed: K-Electric not to charge meter rent, bank fee from next billing cycle

UN World Water Development Report 2019: global water demand to continue increasing about 1 percent per year until 2050

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

Slow trading on cotton market

Ambitious revenue target

Meagre wages

Unwanted messages

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

Auction for T-bills

Back to the IMF

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

Exports target of 25 billion dollar cannot be achieved, counter vialing duty on some Chinese items to be levied. Advisor Commerce

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

Industry deserves inducement

Belt tightening after a bad year

Rupee, interest rates and the economy

Recipe for an undervalued rupee?

Lessons from FBR’s tax reforms

Sepa signs MoU with AKU

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

Reducing circular debt

The last IMF loan?

Business as usual?

Who needs dollars?

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

Talking taxes

Ease of business

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

Repeating mistakes

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

IMF & exchange rate

White-collar workers

Glass depreciation?

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

The IMF ride

No more taxes

BUSINESS RECORDER

IMF deal cannot be made public for now: Hafeez

LCCI for shifting energy from conventional to renewable

Why default when you can pay

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”

SITE industries fear closure

Coordinating IMF terms

Economic outlook

BUSINESS RECORDER

IMF official explains bailout

Economic woes: Private sector urged to help government achieve stability

Issuance of bonus shares, SECP reminds cos to comply with conditions

The FDI challenge

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

More 2 months are difficult, that day are not far away when people will come to Pakistan for jobs, up to next year circular debt enhancement will end. Imran Khan

Dispute between Federation and Sindh, Provincial Govt should not collect services tax from federal entities. Sindh High Court

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

SBP reserves dip $788m

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

Tax the rich

BUSINESS RECORDER

Cabinet unaware of ”harsh” IMF conditionalities?

Budget would be tough

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

10 months of fiscal 2018-19: FBR estimates cost of exemptions, special tax treatments at Rs 680 billion

KCCA seeks withdrawal of scanner infrastructure fee

Shopping mall: Sindh government restrained from collecting stamp duty

Grains of salt: Pak-China FTA

Net outflows

Oil on deferred payments

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

Differences with Advisor Finance, Younus Dagha released, Naveed Kamran new Secretary Finance appointed

Severe water crisis in SITE, industries likely to be shutdown, thousands of labourers will suffer, water should be supplied according to demand, Industrialists demand

Per capita income likely to be 1500 dollar during fiscal year 2019-20

Prime Minister Imran Khan will come today to Karachi on one day tour, condolence with Ali Mohammad Mahar family, meeting with industrialists and political leaders

Continuous rise  in dollar ends, further reduced by 0.50 paisa, on Thursday in open currency market dollar closed at Rs.152.50, after devaluation of 7% dollar according to value reached at its peak . Experts

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

Rupee caps losses

Economy & common sense

The price of indecision

From rhetoric to reality

Amnesty for elite, taxes for people

New notes

TOYOTA, Public Notice

THE NEWS INTERNATIONAL

Govt decides to end subsidy zero-rated industry

90pc industrial consumers don’t pay sales tax

Stocks surge, dollar down

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

IMF agreement

State of the economy

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

Fiscal operations update

When top management gets into the front office

JANG NEWS PAPER

Stocks at peaks dollar cheaper,  1195 points increased, shares value increased by Rs.200 billion, Saudi Arabia will provide from July for 3 years each month Rs.42 billion oil on deferred payment

90% Industrial consumers and 50% register companies are not filling tax returns, action will be taken. Chairman F.B.R

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

IMF AND TAX REFORMS

FILER VS NON-FILER

UNHELPFUL NARRATIVE

IMPORTS SHRINK, EXPORTS STAGNATE, FDI PLUMMETS: CURRENT ACCOUNT DEFICIT DROPS 27PC

TAXATION TREATY SIGNED WITH BULGARIA

COTTON MARKET SLUGGISH

 THE NEWS INTERNATIONAL

RS.154 PER DOLLAR: RUPEE HITS RECORD LOW

TDAP TERMED INEFFECTIVE IN PROMOTING TRADE, BUSINESS

MONETARY POLICY

UAE OFFERS GOLDEN VISAS

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

DRAFT ASSETS DECLARATION (PROCEDURE, CONDITIONS) RULES, 2019: FBR ASKS STAKEHOLDERS TO SUBMIT COMMENTS

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

POLICY RATE HIKE

GOING BACK TO THE BASICS

LADDER AND THE SNAKE

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

COLLECTION AT FEDERAL AND PROVINCIAL LEVEL WILL BE RS. 38 TRILLION 38 BILLION DURING CURRENT FISCAL YEAR WHILE EXPENDITURE WILL BE RS. 55 TRILLION 6 BILLION.

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

INTER BANK DOLLAR REACHED TO RS. 151.92 AFTER INCREASE OF RS. 2.27 WITH IN 4 DAYS DOLLAR VALUE INCREASED TO RS. 10.53 EURO, POUND, RIYAL, DAHRAM, YEN AND OTHER CURRENCIES ALSO EXPENSIVE.

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

Monetary policy hike

Corrupt auditors

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

A gloomy beginning

Our IMF political cycle

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

Inflation reached double, it will increase further, policy rate increased by 1.5% to 12.25%, rupee depreciated by 5.93%, Govt borrowed Rs.4800 billion, financial deficit will increase further. State Bank

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

Negative aspect on country’s economy, economic experts expressed serious concern on enhanced policy rate

Car price will be increased by Rs.7/- lac due to dollar rate of Rs.153/-

No payment received from 3 months against energy subsidy, Business Community complained to Prime Minister

Increased discount rate matter of concern industries will be shutdown unemployment will rise. Business Community

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

PayPal refusal

Indian slur

Dubai tells food groups to give calorie details on all menus

Tough times ahead

Politics around the IMF package

Tracking IMF’s performance

The fall of the rupee

Political capital needed

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

Trumping of rupee by dollar

Manufactured progress

In the wake of debt

Balancing the burden

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

Narrowing of trade deficit

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

Govt should not give positions to those facing nab charges, arrests are made on concrete evidence, no evidence than why flew from country businessmen, bureaucrats, ladies will no be summoned. Chairman NAB

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

IMF strict conditions

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’

Free market jitters

Don’t blame the IMF

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

Comment

‘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

Bureaucrats vs technocrats

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

The reversal of ‘change’

Falling rupee

BUSINESS RECORDER

PM gives green light to E-cars, green economy initiatives

Dawood questioned by MPs

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

The IMF programme

The rupee value

JANG NEWS PAPER

Dollar at Rs150/-, stocks crash, dollar at historical peak in comparison to rupee, stock market closed at 33166 after 804 points reduced, gold further costly

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

Economic Doctors in distress

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

Dollar blues in the market

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

PKR touches all-time low

SBP justifies devaluation

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

Policy rate likely to go up

Assets Declaration Rules 2019 to be issued today

Dollar not available in open market?

#Dollar trending top on Twitter

APTMA’s plea

Avant-garde budget proposals – II: Fixing the narrow and punctured tax base

Tale of two amnesties

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

Stock market downward, dollar record high, dollar expensive Rs.6/-, foreign loans increased by Rs.666 billion, foreign reserves reduced, stock market dip by 321 points

Agreement with IMF cabinet members unaware of details

Traders can not increase exports only demand incentives. Hafeez Shaikh

Prime Minister warned companies to bring dollar downward but it reached to Rs.147/-. Dr. Hafeez Pasha

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

Hafeez Shaikh can not give reply to businessmen queries economic team failed to satisfy traders on budget measures amnesty and IMF programme

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

Tax amnesty again

Two legs of economic management

Cauldron to inferno

Happy returns

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

OICCI hails new FBR chief

Amnesty again

Tough reality

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

Rules may be notified today

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

Khalid named KU acting VC

Assets Declaration Ordinance 2019, Immovable property allowed to be declared at rate of 2.25pc

SNGPL clarification

Amnesty scheme

FBR: more sinned against than sinning?

Draft Listed Companies, (Code of Corporate Governance) Regulations — 2019

JANG NEWS PAPER

Action against those selling dollar costly, decision taken in the meeting with Prime Minister, dollar missing from open market, historical hike at Rs.146.25 and later down at Rs.144/-

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

Disclose Assets!

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

Approval of 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

Mind your language

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

FPCCI team meets FBR chairman

Smuggling, tax evasion more damaging than terrorism

Possession of Benami assets to result in seizure of bank accounts, assets and seven years jail term: Whiten black money by June 30

Bank deposit condition to stop payment of less tax in future

The devil is in the details!

FBR officials barred from raiding any business premises

Cross-cultural marriages: China stops issuing visas

The IMF programme

Statistics and home truths

The loan debate

Battling pollution

BUSINESS RECORDER

Tax amnesty scheme announced

Field formations restrained from conducting raids without prior approval

Pakistan delegation arrives in China to attend APG meeting

The implications of IMF package

No surprises

KBG hails FBR chief’s directives

4pc tax termed attractive for legalising black money

Prepone the monetary policy

JANG NEWS PAPER

To convert black money in to white scheme approved by depositing cash in bank 4% tax value of 1 ½ times by paying 1.5% tax can be cleared

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

IMF deal at last

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

IMF deal

What the programme demands

The new IMF programme

Economic stress

Balance sheet trouble

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

People will be brought in to tax system affectionately, Govt writ will be used who will resist. Chairman F.B.R

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

Headwinds of our own making

Renewed efforts: moving from crisis to stability

Costs of widening electricity gap

THE NEWS INTERNATIONAL

$6 billion deal done with IMF

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

New team, old troubles

A tale of two bailouts

BUSINESS RECORDER

$6 billion IMF deal reached

IMF deal, CPFTA-II may hit manufacturing sector

The IMF and Pakistan

Leather garments sector: Razak vows to help resolve ERF issue

PBIF for making industry profitable sector to end dependence on loans

Drowning in debt

IMF programme: The last mile

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

6 Billion dollar agreement with IMF, electricity costly, equal burden of taxes, Monetary Policy will strict further, State Bank will be more autonomous

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

Do not waste water!

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

Rolling back the gains?

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

Compliance is the key

Interest-ing

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

Restriction on freezing bank account without intimation to tax payers, 1st order of new Chairman F.B.R

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

ACCA proposes low tax rates

‘IMF is dealing with IMF’

Water tariff to go up by 9pc from July 1

Reserves up by $230m

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

Total surrender?

Shunning conflict

Fixing the FBR

Tax help

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

Power tariffs: tough sell

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

Pakistan accepts all conditions, important tax proposals will be included in budget after the approval from IMF

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 emerging team

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

As the IMF moves in

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

9% Increase in Water rates for Karachities approved, meeting held under Chairmanship of Minister Local Bodies

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

Shabbar Zaidi’s appointment as Chairman F.B.R not executed, establishment division consults law ministry

Chinese digital economy reached to 4.6 trillion dollar

5.3% Increase in demand of petroleum products in Pakistan

None of our association member expressed reservation on appointment of Shabbar Zaidi as Chairman F.B.R. Customs Officers Association

Issuance of new notes through SMS announced

Difficulties of Ummrah Pilgrims

EXPRESS NEWS PAPER

Budget with full of taxes, Electric, Gas, Sugar, Cigarette to be costly, Govt accepts IMF condition agreement expected tomorrow

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

A major U-turn in the offing

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

Is the IMF the cure?

Taxing issues

Arbitrary decisions

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

Testing times

Non-availability of facilities

Business leaders hail Shabbar Zaidi’s appointment as FBR chief

From Shabbar’s lens

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

Pakistan at 100

Serious about taxes

THE NEWS INTERNATIONAL

Shabbar Zaidi to head FBR

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

Economic matters

Economic reforms

Is the IMF the cure?

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

Egypt, Pakistan and the IMF

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

FBR’s performance

The new Governor SBP

JANG NEWS PAPER

Bailout dialogue entered into important phase, tax exemption of Rs.700 billion abolished, revenue target of Rs.5550 billion be set up. IMF

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

Commission must continue

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

More changes

Economic outlook

BUSINESS RECORDER

Government upbeat about new SBP governor Reza

Dr Reza Baqir assumes charge as SBP Governor

FBR”s taxpayer registration electronic system: Mobile numbers, email addresses of strangers used, FTO told 

Petroleum price hike: Government engaged in ”melodrama”

‘Pakistan has to speed up work on SEZs’, An interview with Shahid Abdullah, Director Sapphire Group of Companies

BMP slams hike in POL prices

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`

Changes at the top

SBP to increase SMEs credit share to 17pc by 2020

ICAP proposes tax rationalisation

THE NEWS INTERNATIONAL

SBP gets new governor

Three-year programme: IMF asks Centre, provinces to generate surplus revenue

New SBP chief headed IMF mission in Egypt

Memon belongs to Customs

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

Discussion held on tax collection, Advisor Finance, Province should collect more revenue to reduce budget deficit. IMF  

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 officer Dr. Reza Baqir appointed Governor State Bank, Ahmed Mujtaba Memon to become Chairman F.B.R decision taken

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

Taxpayers reached to 19 lac

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 chemicals
Trade 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: adviser
Rules 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 agreement
Volume of Chinese loan is 11 billion dollar out of 100 dollars. Dr. Ishrat Hussain

EXPRESS NEWS PAPER

Increase in tax revenue IMF expressed satisfaction
Senate: 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

No visas for Pakistan?

Unions: rise & fall

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

Increase in price of petroleum products deferred, during Ramazan office hours will be 10:00am to 4:00pm

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

Dollar blues in the market

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

PKR touches all-time low

SBP justifies devaluation

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

Policy rate likely to go up

Assets Declaration Rules 2019 to be issued today

Dollar not available in open market?

#Dollar trending top on Twitter

APTMA’s plea

Avant-garde budget proposals – II: Fixing the narrow and punctured tax base

Tale of two amnesties

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

Stock market downward, dollar record high, dollar expensive Rs.6/-, foreign loans increased by Rs.666 billion, foreign reserves reduced, stock market dip by 321 points

Agreement with IMF cabinet members unaware of details

Traders can not increase exports only demand incentives. Hafeez Shaikh

Prime Minister warned companies to bring dollar downward but it reached to Rs.147/-. Dr. Hafeez Pasha

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

Hafeez Shaikh can not give reply to businessmen queries economic team failed to satisfy traders on budget measures amnesty and IMF programme

New monetary policy will be announced on 20th May

4 to 5 Billon dollar cane be provided to Govt. Malik Bostan