Date: May 30, 2020
DAWN NEWS PAPER
Outbound international flights resume today
Govt cannot afford to open schools right now, says Ghani
SECP Policy Board chairman appointed
Dollar gains Rs2.2 in two days
IT for salaried personsTHE NEWS INTERNATIONAL
FBR mulls online feature to show WHT deduction
Govt plans major initiatives to lure investments: adviser
ICCI demands appropriate cut in power tariff
Ogra recommends cut in prices of petroleum product
PM Imran Khan directs economic team to present balanced budget
Pak fiscal deficit to be in range of 8 to 17pc of GDP
Weekly inflation up 0.13 percent
Preparing for heatwavesBUSINESS RECORDER
Ogra recommends slashing of prices of petroleum products
Amendment in companies law, PM misled by Cabinet aides?
Coronavirus pushes unemployment, poverty to new heights: PBIF chief
Cotton business likely to resume soon
‘Schools in Sindh not to reopen on June 1’Date: May 30, 2020
DAWN NEWS PAPER
Outbound international flights resume today
Govt cannot afford to open schools right now, says Ghani
SECP Policy Board chairman appointed
Dollar gains Rs2.2 in two days
IT for salaried personsTHE NEWS INTERNATIONAL
FBR mulls online feature to show WHT deduction
Govt plans major initiatives to lure investments: adviser
ICCI demands appropriate cut in power tariff
Ogra recommends cut in prices of petroleum product
PM Imran Khan directs economic team to present balanced budget
Pak fiscal deficit to be in range of 8 to 17pc of GDP
Weekly inflation up 0.13 percent
Preparing for heatwavesBUSINESS RECORDER
Ogra recommends slashing of prices of petroleum products
Amendment in companies law, PM misled by Cabinet aides?
Coronavirus pushes unemployment, poverty to new heights: PBIF chief
Cotton business likely to resume soon
‘Schools in Sindh not to reopen on June 1’Date: May 29, 2020
DAWN NEWS PAPER
FBR directed to simplify tax laws
OICCI issues tax proposals for budget
Private sector sputters, fiscal balance improves in latest data
Sindh CM to review suggestions for reopening local businesses
Lockdown in Sindh to continue till 31st, says minister
APTMA, Appeal to the Honorable Prime MinisterTHE NEWS INTERNATIONAL
CM Murad Ali Shah to present traders’ stance on lockdown in NCC meeting
Govt advised to announce tax incentives for salaried class
SHC issues notices on petition against sacking of factory labourers, polio workers
Forex reserves declineBUSINESS RECORDER
Refunds, FBR to facilitate five sectors’ exporters in budget
There will be chaos if businesses are not allowed to reopen: Motiwala
‘Textile export sector at edge of disaster’
PHEA urges govt to restore zero rating on ST
Covid-19 lockdown, CM assures traders he will present their point of view in NCC meeting
Business activities to continue as per notified timings
Tax base, other areas need attention: ADB
Budget to be presented on June 12
Cotton spot rate remains unchanged
Up to Rs2 increase in power tariff likelyDate: May 28, 2020
DAWN NEWS PAPER
Big businesses urge furlough system to avoid layoffs
Chinese industrial firms’ profits fall in AprilTHE NEWS INTERNATIONAL
Fairly large number of textile workers facing employment insecurity due to COVID-19
Traders seek army deployment as demand of lockdown withdrawal intensifies
Adviser finds SEZ framework antithesis to industrialisation
FBR mulls mandatory POS integration for all retailers
No decision made to relax or tighten lockdown in Sindh: info minister
Rs5 to 10 a litre cut in petrol price likely
Proposals for Punjab budget: OICCI suggests harmonisation of taxesBUSINESS RECORDER
1,630 tariff lines, 2pc additional duty may be removed
Hafeez briefed about liquidity issues facing large-scale manufacturing
Teli asks govt to deploy troops to enforce SOPs
SBP unveils guidelines on transfer, assignment of NPAs to CRCs
Adverse effects of Covid-19 hindering export: PRGMEA
Pakistan-US trade volume should hit $10bn mark: FPCCI
Documenting economy, FBR urged to use data of bourse, property market
Airline refunds, SBP urged to give credit card payment relief
SBP timingsDate: May 27, 2020
DAWN NEWS PAPER
New tariff policy to reduce duties, says Razak
Govt considers resuming lockdown amid SOPs violations
OICCI calls for tax reforms in PunjabTHE NEWS INTERNATIONAL
Pakistan’s long-term economic outlook remains positive: Dawood
FBR logs 120,000 tax returns amid virus lockdown
Traders estimate 70pc Eid sales lost to corona aftermaths
Brief power failure to affect water supply for two days: KWSB
Corona is not finished yet Fears real of 2nd virus wave: WHOBUSINESS RECORDER
APTPMA urges govt to support textile processing industries
Plea for implementation of Geographical Indication Protection Law
Remittance data via ITRS, SBP tells ADs to report original country of remitter
FBR AD, “ONLINE INCOME TAX REFUND”Date: May 21, 2020
DAWN NEWS PAPER
FPCCI seeks end to discretionary powers of tax officials
Rs432bn loan payments deferred so far: SBP
Gwadar has transshipment potential: Razak
T-bill yields dropTHE NEWS INTERNATIONAL
Tax collection from debt investment surges 101pc in July-April
FPCCI urges govt to end FBR's discretionary powers
Business community demands abolition of CNIC condition
PBC seeks reopening of industries
From sugar barons to textile tycoons
Banks freeze Rs432bln loan repayments
Rupee ends weakerBUSINESS RECORDER
FPCCI budget proposal, FBR urged to withdraw discretionary powers vested with tax officials
Sindh Govt urged to reopen textile, allied industries
Unregistered buyers, Legal changes in CNIC condition likely
GST, FED payments for April, Deadline extended till May 29
COVID-19 cases, FBR bars tax men from closing offices sans approval
PBC for resuming some industries’ operations with SOPs
Rozgar Refinance Scheme, SBP allows reimbursement of wages, salaries
Dullness prevails on cotton market
APTMA, PBEA & PHMA, ADDate: May 20, 2020
DAWN NEWS PAPER
Extension sought in rebate filing deadline
Factory workers slam pro-capitalist policies, seek job security
Rallies in 30 cities of Punjab against anti-labour policies
‘Companies fear protracted slump’THE NEWS INTERNATIONAL
Tax collection from dividends surges 27pc to Rs12bln in July-April
Labour leaders condemn police firing on protesting workers in KorangiBUSINESS RECORDER
Budget proposals, UBG chief for fixed ‘Covid-19 tax’ on undocumented economy
Purchase of locally-procured inputs, PBEA seeks exemption from sales tax, FED
Submission of incremental claims of DDT, PHMA seeks extension in cut-off date
Cotton business likely to resume after Eid holidays
Exporters demand cut in power tariff
Sindh govt devoted to resolving water issue, says minister
SSGC’s first Khulli Kacheri addresses customers’ complaints
PSQCA sets standards for sanitizer, disinfectant production
Companies fear protracted slump: WEFDate: May 19, 2020
DAWN NEWS PAPER
KE announces relief for SMEs through prepaid bills
Govt working on capacity-based taxation for traders
SECP asked to fine-tune Companies Act
Economy shrinks by 0.38pc, National Accounts Committee told
Sindh opposes train service resumption
Gold hits Rs97,000 per tolaTHE NEWS INTERNATIONAL
Textiles urge govt to help revive exports
Govt seeks advices to address fundamental problems in tax system
Industry, poor to get relief: No new tax in coming budget, says Hafeez Shaikh
Hafeez Shaikh chairs meeting on improving tax structure
FBR eyes Rs100bln in revenue from banking sector in FY2021
Relief budgetBUSINESS RECORDER
FBR urged to release verified income tax refunds before Eid
FBR chief seeks updated lists of refund claimants
KE announces further relief for small businesses
Govt should allow all industries to reopen: KATI
SC directions hailed, LCCI submits proposals for budget 2020-21
OICCI welcomes amendments to Companies Act 2017
Financial year 2020-2021, Confusion reigns over who will present budget
‘Account No-1’, Govt likely to disallow 4 entities from direct operation
Power-loom industry facing shortage of workers
Few trading activity seen on cotton market
Heatwave likely for next 2 days: Met
Economic, energy, & trade reforms, ADB extended $1.8bn loans in 2019
The forthcoming budgetDate: May 18, 2020
DAWN NEWS PAPER
THE NEWS INTERNATIONAL
For relief-oriented budget: Duty cut on imported raw items on the cards
Filling the gapsBUSINESS RECORDER
‘Tax relief’ budget being prepared
‘Drastic policies needed for survival of export sector’
Weekly Cotton Review, No trading activity witnessed for two months
Foreign exchange earningsDate: May 17, 2020
DAWN NEWS PAPER
‘Sindh agrees to resume public transport after Eid holidays’
Limited domestic flights operation resumesTHE NEWS INTERNATIONAL
Textile exports down 65pc in April amid lockdown
SBP links further rate cut with unfolding situation
FPCCI urges SBP to bring down policy rate to 5pc
Centre has introduced uniform national policy for Covid-19, Supreme Court told
‘Pandemic unlikely to have big impact on banks’ assets quality’BUSINESS RECORDER
FPCCI terms 1pc policy rate reduction unfavorable for economy
APBF seeks further cut in interest rate
5pc interest rate vital for economic revival of country: Businessmen
Business community demands incentives for manufacturing sector
Cotton spot rate remains unchanged
Impending locust attack on cotton
Eid holidays announcedDate: May 16, 2020
DAWN NEWS PAPER
SBP slashes interest rate by 100bps to 8pc
Pandemic’s global impact could reach $8.8tr: ADB
Nepra voices concern over Discos’ performance, rising circular debt
Limited domestic flight operations resume todayTHE NEWS INTERNATIONAL
Reforms body allows: FBR to utilise data integration identifying taxpayers
Economic slowdown due to lockdown can’t be prevented: State Bank
State Bank cuts policy rate by 100 basis points to 8 percent
Rate cut leaves businessmen high and dry
Withholding tax collection falls 34pc to Rs6.4bln in July-April
Sindh collects Rs64.418bln taxes
Rupee firmBUSINESS RECORDER
Policy rate cut to 8pc on positive inflation outlook
There was more space for reduction: economists
Nepra raises question marks over KE’s performance
FBR should utilise automation for identifying taxpayers, HNWIs: Dr Ishrat
SSGC rejects allegations by NKATI president
‘Businesses cannot bear any additional tax’
Business on cotton market to start after Eid holidays
Dateline for payment, filing of returns extended
FBR Helpline’s closure regretted
Suspension of Int’l flights operations extended till 31st
Heatwave may hit Karachi again tomorrow
Matter of cotton support price
Excise & Taxation and Narcotics Control Department, Sindh “Ad”Date: May 14, 2020
DAWN NEWS PAPER
Textile exports plunge to 17-year low
Govt to sell T-bills worth Rs2.64tr
World economy to shrink 3.2pc in 2020: UNTHE NEWS INTERNATIONAL
Tax collection from exports drops 25 percent in April
PBC seeks two percent rate cut to support domestic economy
Govt to sell debt worth Rs2.875trln
Trade bodies caution against negligence to reopening precautionsBUSINESS RECORDER
Five exporting sectors, Textile industry urges govt to restore zero-rating regime
FPCCI asks for 400 basis points cut in key policy rate
Motiwala says cutting down of gas tariff need of the hour
Covid-19 threat, FBR takes stakeholders’ budget proposals thru video conferencing
Cotton spot rate remains unchanged
Memorandum on the Companies (Amendment) Ordinance, 2020Date: May 13, 2020
DAWN NEWS PAPER
Industry output falls sharply in March
Debt servicing declines to $2.72bn
Centre, Sindh threaten to reimpose lockdown
Suspension of domestic flights extended till May 29THE NEWS INTERNATIONAL
Apparel sector faces cash crisis
Stakeholders ask govt to launch cotton emergency programme
FBR weighs revenue growth proposals without new taxes, rates
Big industry plunges 23pc in March
Public debt piles up to Rs34.1 trillion till March-end
FBR withdraws major transfer, postings of five Grade-21 officialsBUSINESS RECORDER
APTMA urges SBP to cut policy rate to 7pc
VATF leader shows concerns over FASTER system
‘Entire textile sector be allowed to restart activities’
ECC decision turned down by Cabinet
Cabinet decides to arrest cotton production slide
Cotton market, Few deals take place on deferred payments
July-March 2019-2020, LSM witnesses 5.4pc decline
Reduction in CNG price, SHC issues notices to federal govt, Ogra
Status of GSP Plus-related conventions, PM chairs meeting to review progress
Impending cotton disasterDate: May 12, 2020
DAWN NEWS PAPER
Workers protest over non-payment of wages, forced dismissal
SBP to finance 100pc of payroll up to Rs500m
$1.8bn debt servicing to G20 states under rescheduling process
Remittances decline to $1.7bn in AprilTHE NEWS INTERNATIONAL
LTU Karachi’s revenue falls 41pc to Rs21bln in April
Home department’s amended order unveils relaxations for different sectors
Sindh govt issues amended advisory for working at offices
NTUF, HBWWF protest against illegal lay-offs
Rupee edges downBUSINESS RECORDER
Zero-rated units, FBR to request DISCOs to continue concessionary tariff
Budget proposals to be given due consideration by TPB: Dawood
MPS on 15th, Further cut in key policy rate being anticipated
Salary refinance scheme, SBP enhances limit up to Rs1bn
Supplies to unregistered persons, Reduction in rate of further ST under study
Technical deficiencies of PRAL affecting FBR’s IT systems
FPCCI urges adviser to secure waiver from demurrage, container detention charges
LCCI installs modern disinfection system
Trading activities resume on cotton market
Budget framework 2020-21Date: May 11, 2020
DAWN NEWS PAPER
Textile sector ‘masking’ its way forward
We need faster credit distribution
Suspension of domestic flight operations extended to 13thTHE NEWS INTERNATIONAL
First quarter of 2020-2021: FBR up against Rs300 to 400 bn revenue loss
Sindh govt announces relaxation in anti-virus lockdown from today
Govt poised to hedge prices of 15-20pc imported POL products
Sindh government issues home isolation guidelinesBUSINESS RECORDER
Exporters for restoring zero-rating ST regime
Weekly Cotton Review, Stock holders hope trading activities will start
FPCCI holds pre-budget consultative meeting with Razak
South America, Africa, FCCI president calls to focus on unconventional markets
Govt of Sindh Ad, Permission for Limited Economy Activity in Sindh”Date: May 10, 2020
DAWN NEWS PAPER
Govt likely to unveil tax-free budget for 2020-21
2,000 factory workers firedTHE NEWS INTERNATIONAL
APTMA submits budgetary proposals to government
‘Private terminal operators agree to extend free time for cargoes’
Customs duty collection falls 10pc to Rs32.9bln in April
FBR mulling over options to fetch additional Rs600bn
ECC urged to revisit cotton support price decision
Rupee seen stableBUSINESS RECORDER
PBA asks FBR to clarify WHT exemption certificate in FY21 budget
NKATI chief urges Sindh CM to eliminate encroachments
South America, Africa, President FCCI vows to focus on non-traditional markets
Confidence of SMEs has plunged: PBIF chief
NBP designates branch for collection of duty, taxes
Cotton spot rates remain unchanged
Payment of wages, SBP may enhance limit of loans from Rs500m to Rs1bn
Sectors earning high profits, FBR may suggest one-time taxation
FPCCI VP Roohi Rizwan passes awayDate: May 09, 2020
DAWN NEWS PAPER
SBP expands scope of economic relief facility
Sindh entering second phase of lockdown with ‘some extra restrictions’, says Murad
1.6bn informal workers hit by lockdowns: ILO
German exports plungeTHE NEWS INTERNATIONAL
Adviser, FPCCI discuss business issues through video link
Fiscal budget 2020-21 under process: Centre faces mammoth challenges to find out ways for revenue
State Bank’s Refinance Scheme for small businesses fails to take off
State Bank expands scope of Covid refinancing facility
FPCCI seeks 6-month tax relief to survive recession
Lockdown measures: ‘Sindh govt to work along with Centre’
Govt documents almost all unregistered Rs40,000 bearer bondsBUSINESS RECORDER
‘Faster System’, Rs56bn worth of ST refunds issued: Hafeez
Sindh govt won’t lift lockdown on Monday
PHMA chief welcomes PM’s decision to ease lockdown
Traders optimistic about resuming of cotton business soon
SECP introduces concept of ‘start-up companies’
Payment of wages and salaries, 1100 application seeking Rs 90bn financing in process
Stay orders, PM asks FBR to finalise list of casesDate: May 08, 2020
DAWN NEWS PAPER
Sindh govt urged to reopen textile sector
Sindh governor returns draft ordinance for providing relief to lockdown-hit people
Chinese exports see surprise 3.5pc jump in April, imports fallTHE NEWS INTERNATIONAL
APTMA demands restarting entire textile downstream supply chain
Business community demands restoration of zero rated sale tax regime
Govt launches new system for small businesses to secure credit
Sales tax on services amounts to Rs171bln in nine months
Govt slashes RLNG prices by up to 21.6pc for May
Giving relief in power, gas bills federal govt domain
Forex reserves rise to $18.755bln
WHO issues fresh guidelines as countries ease lockdownBUSINESS RECORDER
Razzak, Uzbek Deputy PM discuss enhancement of trade
Cotton spot rates fall to Rs 8600
Prices of RLNG slashed for May
Govt to provide cash flow assistance to MSMEs in three areasDate: May 07, 2020
DAWN NEWS PAPER
Rs391bn raised through T-bills
Fiscal deficit slides lower to 3.8pc
Govt promises to bear 40pc first loss to banks on SME loans
‘Retailers must list sales tax on price tags separately’THE NEWS INTERNATIONAL
ICCI wants its proposals to be incorporated into budget
FBR exempts assets from attachment
FBR forbids attaching properties, funds of defaulters for recovering sales tax
FBR extends tax incentive for E&P sector
Rupee declinesBUSINESS RECORDER
Smooth operation of industry, businesses, Govt urged to play facilitating, advisory role
Budget proposals, PHMA suggests restoration of zero-rating, cut in WHT
PBIF chief calls for withdrawal of ST on cottonseed
Traders reject proposal of buying cotton through TCP
Risk-sharing facility for salary refinance scheme, Govt to share burden of losses of banks
Repayment of duty on import of raw materials allowed
IROs powers withdrawn, List of properties/funds exempted from attachment unveiledDate: May 06, 2020
DAWN NEWS PAPER
Exports plummet 54pc in April as pandemic curtails global demand for goods
Good time to broaden tax base, says OICCI
ECC takes up power sector debt restructuring today
Cabinet approves easing lockdown after May 9THE NEWS INTERNATIONAL
FBR considers restoring zero-rated sales tax regime
Trade deficit widens 41.8pc to $2.1 billion in April
Budget proposals: OICCI asks govt for reducing GST rate from 17 to 13 percent
Commerce ministry aggressively pursuing changes in tariff structure for budget
Commerce, food ministries lock horns over intervention price of seed cotton
Reopening economy means weeks of trial and error
Businesses to reopen soon: minister
Rupee gainsBUSINESS RECORDER
April exports decline 47.24pc on MoM
Trading community unable to continue corona lockdown: FCCI President
Cabinet for softening lockdown
33% labor wages, incentives by KDLB at KPT, Chairman UBG Sindh voices concern over increase
PM urged to reduce power tariffs
Budget proposals, OICCI urges govt to consolidate all federal taxes
Traders hopeful about resuming business on cotton marketDate: May 05, 2020
DAWN NEWS PAPER
Govt to ease lockdown further: PM
Companies Act amended to facilitate startups
Banks defer Rs236bn principal repayments due to lockdown
Coronavirus: SBP won`t issue new notes on EidTHE NEWS INTERNATIONAL
Import tax collection up 18.3pc to Rs664bln in July-April
FPCCI asks insurance industry to provide maximum relief to policyholders
Detention charges waiver sought
Pakistan likely to face petrol, diesel shortage in May, June
NADRA resumes operation to facilitate Ehsaas beneficiaries
State Bank notice on quarantined cashBUSINESS RECORDER
SHC told, Textile mills unable to pay wages to employees due to lockdown
PTAA moves FBR Member for credit of tax refunds
‘Bribe’ for permission, Industrialists, exporters reject allegations against Sindh govt
Insurance guarantee be accepted as containers’ deposits: APCAA
KCCI chief urges shipping lines, agents to waive detention charges
Cotton spot rate falls by Rs 100
Crude estimations of SMEs survival
April 7 to May 9, GD filing’s time for all IGMS extended
NADRA offices resume operations across country
No new currency notes this Eid. SBPDate: May 04, 2020
DAWN NEWS PAPER
PM’s think tank asks govt to cut tax rates
SOPs for opening more industries finalised: CM
RCCI urges govt to ease lockdownTHE NEWS INTERNATIONAL
Textile, garments, sugar industries to be reopened: Usman Buzdar
SoPs finalised to allow businesses in phases, says Usman Buzdar
Industries being allowed to reopen must implement SOPs: Chaudhry Sarwar
Home department issues SOPs for registration of documents
Super taxBUSINESS RECORDER
Textile, allied supply chain to start operation soon: APTPMA chief
Covid-19, PCGA, MCCI for protecting textile industry, allied units
WEEKLY COTTON REVIEW, No trading activity for almost two months
Coronavirus can shut down 1m SMEs: Umar
Body finalises short-term strategic domains to boost economy
GDP growth can decline to -3pc
Higher denomination banknotes, SBP may abolish protective varnish coating
Sales tax frauds, FTO’s recommendation remains unimplemented
SRB to reopen its offices today
P.C.G.A. AdDate: May 03, 2020
DAWN NEWS PAPER
THE NEWS INTERNATIONAL
Punjab textiles reopening hailed
Home dept issues new orders for imports and exports amid COVID-19 lockdown
Cotton trade partially starts in Sindh with forward deals
Petroleum price cuts cost Rs20bln to FBR in two months
Rs 30bn SBP Refinance Scheme: Banks refusing to bail out SMEs on trivial groundsBUSINESS RECORDER
Buzdar allows textile industry, allied supply chain to resume operations
Traders seek opening of businesses
Pandemic may bring down export target to $22bn: Dawood
Forward trading of Phutti resumes on cotton market
SBP extends deadline for risk profilingDate: May 02, 2020
DAWN NEWS PAPER
THE NEWS INTERNATIONAL
FBR one click away from paying Rs62 billion income tax refunds
300bps cut in policy rate urged
Teli demands Sindh to ease lockdown from Ramazan 15
‘Govt evolving strategy to set industries back in motion’
Finance commission: A federation dispute
Labourers’ issues: Zulfi Bukhari requests ILO to convene virtual session
Workers demand workplace safety, job security amid COVID-19 threatBUSINESS RECORDER
Strategy being evolved for restoring industrial activities in SEZs: minister
More industries to be allowed to operate as situation improves: CM
Govt urged to ensure SOPs at factories, workplaces
SBP urged for more cut in policy rate
EFP asks SBP to cut policy rate by 300bps
‘Cut in prices of petroleum products will reduce inflation’
SBP increases financing limit by 150pc under RFCC
FBR achieves April revenue target
TPB meeting discusses tariff-related proposals for upcoming budget
FBR allows Tier-1 retailers to adjust input tax to 95pc extent