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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 persons

THE 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

Rupee weakens

Weekly inflation up 0.13 percent

Preparing for heatwaves

BUSINESS RECORDER

Ogra recommends slashing of prices of petroleum products

International flights resume

Amendment in companies law, PM misled by Cabinet aides?

Coronavirus pushes unemployment, poverty to new heights: PBIF chief

SPI inflation up 0.13pc WoW

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 persons

THE 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

Rupee weakens

Weekly inflation up 0.13 percent

Preparing for heatwaves

BUSINESS RECORDER

Ogra recommends slashing of prices of petroleum products

International flights resume

Amendment in companies law, PM misled by Cabinet aides?

Coronavirus pushes unemployment, poverty to new heights: PBIF chief

SPI inflation up 0.13pc WoW

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

SBP reserves fall $55m

APTMA, Appeal to the Honorable Prime Minister

THE 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 decline

BUSINESS 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

Forex reserves down $20m

Cotton spot rate remains unchanged

Up to Rs2 increase in power tariff likely

Date:  May 28, 2020

DAWN NEWS PAPER

Big businesses urge furlough system to avoid layoffs

Chinese industrial firms’ profits fall in April

THE 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 taxes

BUSINESS 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 timings

Date:  May 27, 2020

DAWN NEWS PAPER

Exporters expect fresh orders

New tariff policy to reduce duties, says Razak

Govt considers resuming lockdown amid SOPs violations

OICCI calls for tax reforms in Punjab

THE 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: WHO

BUSINESS 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

The GDP growth rate

Tax refunds

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 drop

THE 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

Pak missions to market SEZs’

PBC seeks reopening of industries

From sugar barons to textile tycoons

Banks freeze Rs432bln loan repayments

Rupee ends weaker

BUSINESS 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

Bank holidays

APTMA, PBEA & PHMA, AD

Date:  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

Textile gloom looms ahead

Tax collection from dividends surges 27pc to Rs12bln in July-April

KE announces relief for SMEs

FBR issues guidelines

Rupee falls

Labour leaders condemn police firing on protesting workers in Korangi

BUSINESS 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

No new taxes?

Eid holidays

Companies fear protracted slump: WEF

Date:  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

FDI plunges 52pc in April

Customs posting

Sindh opposes train service resumption

Gold hits Rs97,000 per tola

THE NEWS INTERNATIONAL

Textiles urge govt to help revive exports

LCCI seeks tax relief

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

Budget on June 12

Rupee weakens

Relief budget

BUSINESS 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

FDI grows 127pc in 10 months

 ‘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

Eid holidays

Heatwave likely for next 2 days: Met

Economic, energy, & trade reforms, ADB extended $1.8bn loans in 2019

The forthcoming budget

Date:  May 18, 2020

DAWN NEWS PAPER

Monetary easing amid Covid-19

Labour — an underrated asset

Public transport operators in Sindh vow to defy lockdown if not relaxed by Tuesday

THE NEWS INTERNATIONAL

For relief-oriented budget: Duty cut on imported raw items on the cards

Filling the gaps

BUSINESS RECORDER

‘Tax relief’ budget being prepared

LSM’s post-mortem report

The export slide

‘Drastic policies needed for survival of export sector’

Weekly Cotton Review, No trading activity witnessed for two months

Foreign exchange earnings

Date:  May 17, 2020

DAWN NEWS PAPER

‘Sindh agrees to resume public transport after Eid holidays’

Limited domestic flights operation resumes

THE 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 announced

Date:  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 today

THE 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

SECP extends time period

Rupee firm

BUSINESS 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: UN

THE 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

Rupee weakens

Trade bodies caution against negligence to reopening precautions

BUSINESS 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

Monetary easing – go slow

Memorandum on the Companies (Amendment) Ordinance, 2020

Date:  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 29

THE 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

Rupee declines

FBR withdraws major transfer, postings of five Grade-21 officials

BUSINESS 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 disaster

Date:  May 12, 2020

DAWN NEWS PAPER

Workers protest over non-payment of wages, forced dismissal

SBP to finance 100pc of payroll up to Rs500m

Monetary policy on 15th

$1.8bn debt servicing to G20 states under rescheduling process

Remittances decline to $1.7bn in April

THE NEWS INTERNATIONAL

LTU Karachi’s revenue falls 41pc to Rs21bln in April

Home department’s amended order unveils relaxations for different sectors

Monetary policy on 15th

Sindh govt issues amended advisory for working at offices

NTUF, HBWWF protest against illegal lay-offs

Rupee edges down

BUSINESS 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 2020-21

Date:  May 11, 2020

DAWN NEWS PAPER

Textile sector ‘masking’ its way forward

Budgeting for citizens’ care

We need faster credit distribution

Easing away from lockdown

Suspension of domestic flight operations extended to 13th

THE 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 guidelines

BUSINESS 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 fired

THE 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 stable

BUSINESS 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 away

Date:  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 plunge

THE 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

Cut in power tariff urged

Lockdown measures: ‘Sindh govt to work along with Centre’

SPI inflation up 0.36 percent

Rupee strengthens

Govt documents almost all unregistered Rs40,000 bearer bonds

BUSINESS 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

PM urged to cut power tariff

SECP introduces concept of ‘start-up companies’

SPI inflation up 0.36pc WoW

Payment of wages and salaries, 1100 application seeking Rs 90bn financing in process

Stay orders, PM asks FBR to finalise list of cases

Date:  May 08, 2020

DAWN NEWS PAPER

Sindh govt urged to reopen textile sector

SBP reserves rise

Sindh governor returns draft ordinance for providing relief to lockdown-hit people

Chinese exports see surprise 3.5pc jump in April, imports fall

THE 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

Lockdown eases from tomorrow

WHO issues fresh guidelines as countries ease lockdown

BUSINESS 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 areas

Date:  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 declines

BUSINESS 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 unveiled

Date:  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 9

THE 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 gains

BUSINESS 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 market

Date:  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 Eid

THE 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

Rupee strengthens

NADRA resumes operation to facilitate Ehsaas beneficiaries

State Bank notice on quarantined cash

BUSINESS 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. SBP

Date:  May 04, 2020

DAWN NEWS PAPER

PM’s think tank asks govt to cut tax rates

SOPs for opening more industries finalised: CM

In quest of economic revival

RCCI urges govt to ease lockdown

THE 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 tax

BUSINESS 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

National Tax Council

P.C.G.A. Ad

Date:  May 03, 2020

DAWN NEWS PAPER

Textile value chain allowed to resume operations

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 grounds

BUSINESS 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 profiling

Date: May 02, 2020

DAWN NEWS PAPER

Govt asked to ensure social distancing guidelines at industries, workplaces

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’

Cut in POL prices hailed

Finance commission: A federation dispute

Labourers’ issues: Zulfi Bukhari requests ILO to convene virtual session

Workers demand workplace safety, job security amid COVID-19 threat

BUSINESS 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