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Date:  November 30, 2019

DAWN NEWS PAPER

FBR chief allays traders’ concerns over possible raids

Govt to raise Rs2.7tr through T-bills, PIBs

Tax return deadline extended

Ogra proposes slight cut in fuel prices

Sindh govt to grant paternity leave to fathers

Power tariff increase

Textile & GST

THE NEWS INTERNATIONAL

‘Banks agree to withdraw litigation on furnishing information’

FBR facing Rs220.4 bn revenue shortfall in first five months

Petrol price to go down by Re0.25/litre

LPG price up by Rs18.61 per 11.8kg cylinder

APTMA slams high power tariff

India’s quarterly growth falls to worst level in 6 years

Govt raises LPG price by Rs17.87/11.8kg for December

BUSINESS RECORDER

Shortfall of 7m cotton bales feared

Info about account holders, FBR chief says banks agree to withdraw litigation

Registered units, DG&I, IR restrained from conducting raids

Tax returns can be filed up to Dec 16: FBR

APTMA wants electricity at flat 7.5 cents/kWh rate

APTPMA chief voices concern over stuck up ST refunds

GSP Plus status extension, Sarwar off to Europe

The ECC decisions

JANG NEWS PAPER

No raid will be made on registered payers for tax collection

Tax system not feasible, need to revisit, Tax Experts

Petrol price likely to be reduce by 0.25 paisa per litre

EXPRESS NEWS PAPER

Refunds: Standing committee called Chairman F.B.R

During 1st 5 months of fiscal year, tax collected less than Rs.200 billion against target

Why continuous increase in electric tariff?

Date:  November 29, 2019

DAWN NEWS PAPER

Power tariff raised to meet IMF target

Reserves rise

APTMA AD, “ECONOMIC SABOTAGE”

THE NEWS INTERNATIONAL

Banks agree on sharing account holders’ details with tax authorities

SECP issues rules for reviving firms

Forex reserves rise to $15.577bln

Textile news

BUSINESS RECORDER

Aptma terms govt’s exchange rate policies ‘realistic’

FY 2018-19, FBR missed collection target due to shortfall in six areas

Record verification unit to be set up in KATI: DIGP

PTAA seeks extension in final date of filing tax returns

SECP to facilitate revival of distressed cos, notifies CRA 2019

Forex reserves up $115.4m

Razak’s help sought

JANG NEWS PAPER

Shabbar Zaidi issued instruction to upload on FBR’s website rulings of customs valuation

Saudi Arabia, U.A.E to establish refinery in India worth 70 billion dollar

Date:  November 28, 2019

DAWN NEWS PAPER

US sending 15 trade delegations to Pakistan next year: Wells

More incentives soon to boost remittances

High interest rates hurting economy: FPCCI

Islamic banking

Private sector salary

Tax on mobile phone

THE NEWS INTERNATIONAL

‘TDAP working on export strategy’

Decline in private sector credit to affect economic growth: FPCCI

Tax-exempt riches are not a right: economist

BUSINESS RECORDER

Sales tax refunds, Supplementary grant approved by ECC

FED target, Achieving 61.2pc growth to be a herculean task: FBR

Export policy to be submitted to govt within two weeks: TDAP chief

FPCCI voices concern over declining private sector credit

Alvi terms Pakistan, African region ‘emerging economies’

Exchange rate – cautiously optimistic

There is room at the top

Still a long way to go

PTEA Ad, Textile Industry is Facing Extreme Cash Flow Crunch

JANG NEWS PAPER

Economic coordination committee, 18 laws related to economy and 25 steps made easy approved

Why Industrial downfall?

EXPRESS NEWS PAPER

Raised hue and cry on closing down means to convert black money into white. Shabbar Zaidi

Date:  November 27, 2019

DAWN NEWS PAPER

$787m loan agreements signed with World Bank

Govt increases private sector credit to SMEs

Power firms allowed to recover additional Rs15bn

APTMA ad under the head “”Urgent Attention Required”

THE NEWS INTERNATIONAL

Rates topping 13 percent spur unprecedented flows into T-bills

FBR dead set on netting undocumented SMEs: Zaidi

Full enforcement of FBR Act proposed over new agency

Reducing carbon footprint, a challenge for small exporters

Returns filing date extension urged

UK general elections: A record number of UK Pakistanis could reach British Parliament

Biogas and bio-CNG

BUSINESS RECORDER

New refund payment system, PM asks FBR to remove bottlenecks

Govt to declare erstwhile zero-rated sectors as export-oriented sectors

APTMA seeks Razak’s help in resolution of issues

Transaction limits of remittances revised upward

FBR chief explains what discourages SMEs to come into tax net

FBR lists factors behind revenue shortfall during 2018-19

New SMEs policy in the offing, says Hammad

Govt gets $784.97m loan from foreign banks

PTBA for extending return filing date till Dec 31

Pre-requisite for enhancing textile exports: long-term policy

Diabetes termed a serious threat to global health

APTMA ad under the head “”Urgent Attention Required”

JANG NEWS PAPER

NEPRA made electricity further expensive by 0.14 paisa per unit, additional burden of Rs.14 billion 78 crore annually on consumers

EXPRESS NEWS PAPER

Approval to pay refund in cash to taxpayers holding bonds

Electricity further expensive by 0.14 paisa per unit

Action against not paying water board bills announced

Date:  November 26, 2019

DAWN NEWS PAPER

SC asks govt to explain why legislature not informed about GIDC cases

‘Investment opportunities exist for US companies in Pakistan’

Foreign inflows in T-bills cross $1bn

THE NEWS INTERNATIONAL

Liquidity crisis continues to haunt textile industry

Textile firms mull moving abroad to escape high cost

Investment in Pak bonds from outside touches $1 bn in four months

FBR tax revenue can go up to Rs12,788 bn in nine years

Lurking dangers

BUSINESS RECORDER

Draft authority law seeks repeal of FBR law

Hafeez describes job creation as major challenge

Deadline for filing ST, FED returns extended to 29th

Is Pakistan in a manufacturing recession?

SC seeks details of collection, utilization of GIDC

Second phase of CPFTA, Country has secured enhanced, deeper concessions

New Tariff Policy – a formidable challenge

The downside of Pakistan’s economy

Revenue shortfall and FBR

JANG NEWS PAPER

Textile export, In spite of Govt’s claim likely to decline

Pakistan tax revenue can be increased by 82 billion dollar during 9 years. World Bank

Date of filing of sales tax and F.E.D return extended

Govts administrative and economic performance

EXPRESS NEWS PAPER

Foreign  investors invested 1 billion dollar. Advisor Finance

Investment increasing GDP will be more than target. Hafeez Shaikh

Continuous delay in sales tax refund exporters in distress

Economic stability and general public

Date:  November 25, 2019

DAWN NEWS PAPER

Informal economy to be regulated for meeting FATF concern

An inflated balloon

Incentivising money parked abroad to take Pakistani domicile

Lies, damned lies and SEZs

THE NEWS INTERNATIONAL

No time-frame to cut inflation: Razak Dawood

Why debt-financed tax reforms?

Walk the talk!

Asia’s richest man breaks into club of six oil elites

Debt crisis

BUSINESS RECORDER

PM identifies major economic challenges

Commerce Div decides to participate in Abu Dhabi Expo

Razak for increasing exports, decreasing imports

Ready-made garments’ export rises by 12pc in current FY’s four months

Diets with more fiber, yogurt tied to lower risk of lung cancer

Good or bad news on state of economy

A prudent approach

JANG NEWS PAPER

No time frame can be given to reduce inflation. Advisor Commerce

Trade deficit reduced by 33% during July – October

News of Economic Stability!

Trade amongst Islamic states

EXPRESS NEWS PAPER
New Industrial Policy… Is it really necessary?

Date:  November 24, 2019

DAWN NEWS PAPER

FBR to go after 17,000 big retailers in latest documentation drive

Promotion of senior bureaucrats approved

THE NEWS INTERNATIONAL

Current account deficit has gone: PM Imran Khan

‘FBR to launch automated ‘Point of Sale’ for large retailers next month’

Govt urged to ensure GSP plus compliance as exports to Europe flat at $2.8bln in 4 months

Pakistan wins Rs1bln damage claim against Chinese firm

BUSINESS RECORDER

Govt plans to enhance exports: Razak

Only taxpayers deserve to be respected as VVIP: Dr Khalid

Customs value of garments of low end brands revised

FPCCI chief highlights importance of GSP Plus

Steps being taken to control inflation: Hafeez

Expert concerned at high interest rate

JANG NEWS PAPER

State Bank report: policy rate remain stagnant

EXPRESS NEWS PAPER

Meeting of selection board 23 officers promoted in grade 22, Prime Minister gave approval

Current account deficit reduced, proud of economic team, Prime Minister

Agreement with traders, Govt decided to bring ordnance for implementation on conditions

Chinese companies plan to shift their industries to Pakistan

Different chambers announced support to U.B.G. candidates

Economy stable but what about people….?

Date:  November 23, 2019

DAWN NEWS PAPER

CPEC to push Pakistan deeper into debt burden, cautions US

Trade ties to set record this year: US

Discount rate left unchanged at 13.25pc

Ban on arms licences lifted

THE NEWS INTERNATIONAL

‘Recent developments to hurt future inflation outlook’

Federal govt launches programme for business community

LSM sharply contracts 5.9pc in July-September

Qatar to open two more visa centres: envoy

Real estate transactions under FBR’s scrutiny

China, US spar over CPEC

State Bank holds interest rate at 13.25pc to tame food inflation

BUSINESS RECORDER

SBP holds policy rate at 13.25pc

US claims ‘CPEC is not about aid’

Qatar to open visa centres at Lahore and Peshawar: CG

Exporters endorse PM’s policy for enhancing exports: SCCI chief

UBG leaders claim to sweep FPCCI polls again

Herculean effort required

Industrialisation a top priority

JANG NEWS PAPER

Present weave may hit reduced inflation, economy dull, appreciation of rupee increase in forex reserves, S.B.P report. Policy rate remains at 13.25%

Govt introduced 1st trade facilitation programme

New Officials assumed charge at various tax centres

Decision to post minister customs at embassy of Brussels

EXPRESS NEWS PAPER

Economy is getting stable will overcome inflation. Hafeez Sheikh

Payment worth Rs 31 billion bonds against refund to taxpayers failed

China took CEPEC project up to completion Pakistan may face long term economic loss. U.S. vice foreign minister, will not recall loan if Pakistan needed. China

Policy rate remains at 13.25% inflation at its peak in few months it will be reduced. State Bank

Date:  November 22, 2019

DAWN NEWS PAPER

Non-textile exports up 4pc

Pakistan needs to create more jobs: WB

Govt asked to ensure compliance with conventions before next GSP+ report

Reserves rise

THE NEWS INTERNATIONAL

FBR to start implementation of reforms package from July 1, 2020

EOBI to register employees through online system directly

How invoicing irregularities are deindustrialising the country

Foreign credit disbursements go up to $2.5 billion

State Bank’s forex reserves rise

India has lowest mobile data cost

GST to VAT?

Managing the economy

The disconnect

BUSINESS RECORDER

Power tariffs increased by Rs1.83/unit

Unemployment rate low while quality of employment not high: WB

Raw material/input, FBR allows repayment of customs duty drawback

NKATI seeks incentives to boost exports

Improving export performance

Foreign-funded tax reforms

National Tariff Policy

JANG NEWS PAPER

FBR set dead line for reform package

Fuel adjustment electricity expensive by Rs 1.83 per unit

Cheapest mobile data, India at the top, Pakistan stands at 33 number

Rupee Stable

EXPRESS NEWS PAPER

World Bank decides to restore budget assistance to Pakistan after 4 years

Fuel price adjustment electricity expensive by Rs 1.83 per unit 


Date:  November 21, 
2019

DAWN NEWS PAPER

Govt’s long-term policies to boost tax culture, economy: Imran

Rs118bn recovered from electricity consumers through tariff hike: minister

Nepra reserves verdict on tariff hike

Pakistan failing to improve labour rights despite GSP+

Govt raises Rs239bn through T-bills

PBC welcomes tariff policy

SNGPL Ad; Third Slab, Three Times the Gas Bill

THE NEWS INTERNATIONAL

FBR decides to replace GST with VAT

What is VAT?

Private sector credit negative Rs4.1 bn in six months

Treasury bill yields move up ahead of monetary policy meeting

Government eyes 8,000MW of renewable energy

The wrong numbers

Trade missions relocation lauded

Taxation target?

Prime Minister Imran Khan distributes tax refund cheques among exporters at the PM’s Office on Wednesday

BUSINESS RECORDER

Industrialisation now govt’s top priority: PM

Traders told, Govt committed to implementing agreement

ST, FED returns filing deadline extended to 25th

Quarterly adjustment of FY-2019-20, 17 paisa/unit increase in tariff of Discos likely

VAT regime, FBR to garner stakeholders’ support

Exports: volume meets value

Pavilion being set up Dubai Expo to showcase Pak products: governor

Karachi, the resilient city

Situation warrants no complacency

JANG NEWS PAPER

FBR decided to replace GST with Value Added Tax

What is VAT

Date extended up to 25th November to File Sales Tax and Federal Excise Return

Private sector obtained credit of Rs 4.1 billion in comparison to Rs 223 billion of current year

Our economic conditions is weak it will gradually improve. Abdul Razzak

Pakistani Pavilion is being prepared for Dubai Expo. Imran Ismail

Obtaining driving license has been made easy. D.S.P

EXPRESS NEWS PAPER
Zero tax on export is policy of the Govt. Hafeez Shaikh 

Date:  November 20, 2019

DAWN NEWS PAPER

New policy to strip FBR of tariff setting powers

Textile exports show meagre growth, oil imports fall in July-October

Asad Umar takes oath as planning minister

‘Tools of the trade’

THE NEWS INTERNATIONAL

Exports increased by 9.6pc in October: Hafeez Shaikh

Pakistan’s maiden tariff policy approved for export growth

Merchandise imports slump 19pc in July-October

Winds are changing direction: NAB chief

Tax return filing deadline not to be extended beyond 30th

Time to pull economy out of suffocation: Hafeez Pasha

PM’s taxes

BUSINESS RECORDER

First 4 months of FY20, Trade deficit narrows 33.52pc to $7.77bn

First-ever NTP approved by cabinet

Circular debt reduction plan submitted to ECC

Oct FDI: don’t be fooled by Chinese exception

Tax matters in custom courts, Panel directs FBR to come up with viable suggestions

SBP governor urged to cut down discount rate

Trade among Muslim states, ICCIA agrees to remove tariff, non-tariff barriers

Stable Pakistan must for uninterrupted investment flow: Chinese envoy

C/A surplus

JANG NEWS PAPER

Persons pay monthly income tax also bound to file annual income tax return up to 30th November. F.B.R

Time has come to pullout economy from suffocation. Hafeez Pasha

NEPRA will give approval today to increase electric tariff by 0.17 paisa per unit

EXPRESS NEWS PAPER

Direction of winds are changing, Impression of one way accountability will be removed. Chairman NAB

Target of new tariff policy will be export and industrial development

Pakistan got 99 crore out of 6 billion dollar. IMF

Economic good governance is unavoidable 

Date:  November 19, 2019

DAWN NEWS PAPER

Asad returns to cabinet as planning minister

Current account rises into surplus

Interest rates to come down as inflation eases: SBP governor

Foreign investment jumps 238pc

Cotton output falls by 1.8m bales

Listless trading on cotton market

THE NEWS INTERNATIONAL

IMF rejects FBR’s plea to slash revenue collection target

Govt trying to generate non-tax revenue over and above target: Shaikh

President Arif Alvi says people worried about price-hike: Foreign investment coming, good news soon, says Reza Baqir

Inflation touches highest point in five years

FBR to take strict action against smuggled vehicles

Current account balance posts $99 million surplus in October

FBR’s tax office posts 31pc revenue growth in four months

State Bank governor says economy showing signs of improvement

Monetary policy on Nov 22

BUSINESS RECORDER

C/A turns positive with $99m surplus

Q1 fiscal deficit declines to 0.7pc from 1.4pc

SPI inflation for combined income groups up 1.09pc WoW

IMF rejects request for downward revision of Rs5.5trn FBR target

Commerce Div, FBR may lock horns over NTP draft

HBL first Pakistani bank to do RMB trade in China

MPS on Friday, Policy rate likely to stay unchanged

Economic reforms showing favourable results: SBP governor

Pakistan re-negotiating Tapi gas price with TPCL

KCCI to take up issues with FBR and other authorities, PCDMA told

Cotton falls 2pc on bumper crop forecast

Lower GDP growth rate in 2018-19

TDAP Ad, Arab Health, Dubai – UAE, January 27-30, 2020. Last Date of Application: December 05, 2019

JANG NEWS PAPER

IMF not accepted our demand to reduce the t0 Tax Revenue target

Decided to start collection of vehicle tax from 1st December, 2019

Monitory Policy will announce on 22 November

EXPRESS NEWS PAPER
Economic development will less as compare to last year. State Bank of Pakistan
 

Date:  November 18, 2019

DAWN NEWS PAPER

Fixing the FBR

Will Baqir cut rates?

‘Islamic banking’

THE NEWS INTERNATIONAL

Execution of CPEC projects: China asks Pakistan to keep stability in taxes, power tariff

On the back-burner

Dear tomatoes!

Falling salaries

BUSINESS RECORDER

Companies Act, 2017,  ‘Company benches’ restrained from exercising powers

FBR restructuring, 7-member Steering Committee constituted

APCAA urges Customs to revise criteria of examination

IMF loan a bitter pill: the bitter truth

The economic team’s defence

JANG NEWS PAPER

Pakistan should stabilize tariff of taxes and electricity. China

Big tax defaulters surrounded list of 20 tax defaulters ready

P.I.A will introduce direct flight for U.S.A from April

88700 people in U.A.E are Crorians

Oxygen being sold in India’s polluted city Delhi

EXPRESS NEWS PAPER

Saudi Arabia new rules of Zakat will not be applicable on foreign investors

New Delhi: Get pure oxygen in Rs 300/- up to 15 minutes

Date:  November 17, 2019

DAWN NEWS PAPER

EU offers technical assistance on FATF action plan

Worst is over, Hafeez tells business leaders in Karachi

THE NEWS INTERNATIONAL

Weaving profits impossible without upgrading technologies

Continuing with ex-govt’s policies helped improve business reforms

Gwadar Free Zone: China assured 23 years sales tax, other exemptions

The gap

CPEC and Pakistan’s debt burden

BUSINESS RECORDER

Obvious signs of turnaround emerge: Hafeez

PM urged to help resolve issue of stuck-up ST refunds

Imports system,  ‘Business-friendly’ changes made to curb under-invoicing: Shabbar

JANG NEWS PAPER

Gwadar Free Zone: 23 years sales tax exemption to Chinese industrialists

Meeting of Restructuring Steering Committee of FBR will be held likely next week

Foreign loan and liabilities increase by Rs 93 billion during July to September

EXPRESS NEWS PAPER

Petroleum prices not increased since 4 months. Hafeez Shaikh

Pakistan is keen to do business across the world. Razzak Dawood

Date:  November 16, 2019

DAWN NEWS PAPER

Increasing non-tax revenue top priority: PM

Consumer spending dips in India after four decades

THE NEWS INTERNATIONAL

PM Imran Khan thanks economic team for stabilising economy

Economic progress due to security forces’ work: General Qamar Bajwa

Tax revenue growth in FY19 turns negative first time in half century

PM’s adviser raises alarm over Sindh’s sinking per capita income

Pak, Turkey relations to transform into growing trade

Govt asked to stop duty free import of cotton

FBR reforms

BUSINESS RECORDER

Tax evaders, FBR may initiate criminal proceedings

FDI reaches $650m in 4 months of FY20

KATI chief optimistic about Pak-China FTA-II

NKATI urges SSGC to address possible gas pressure reduction plan

DG Rangers vows to prepare security plan for SITE area

Revised import requirements, PBC, OICCI ask FBR to ensure strict enforcement

Income tax returns filing, FBR facilitates taxpayers by tutorial videos

JANG NEWS PAPER

Economy stable, rupee strong, thanks to economic team. Prime Minister

Shandana Gulzar removed from the post of Parliamentary Secretary Commerce

Decision to increase 0.17 paisa per unit electric tariff, additional burden of Rs 17 billion 20 crore on consumers

EXPRESS NEWS PAPER

60 crore dollar increased in Pakistan’s foreign debt and liabilities

Current fiscal year, total investment increased by 1.1 billion dollar

Anti-street crime unit established in Korangi Industrial Area

How to deposit tax return? videos released for consumers

Date:  November 15, 2019

DAWN NEWS PAPER

Textile industry faces liquidity crunch

Govt goes for another power tariff hike to secure IMF tranche

Trade deficit shrinks 34pc to $7.77bn

Treasury bills attract record foreign investment of $713m

SBP reserves up

THE NEWS INTERNATIONAL

Execution of FBR reforms put on hold: Shabbar Zaidi

Zero-rated facility demanded as pending refunds pile up to Rs87bln

PM adviser stresses China-plus CPEC for ‘desirable’ benefits

Providing jobs not govt’s mandate: Hafeez Shaikh

Forex reserves fall to $15.502bln

Doing business reforms unit set up

SME Pakistan Forum on 21st

Salaries across Pakistan expected to decrease in 2020. report

Govt buildings in Karachi, Hyderabad to be powered by solar energy

A new tax agency

BUSINESS RECORDER

Hafeez highlights importance of private sector

Jul-Oct exports up 3.81pc YoY

Variation in Power Purchase Price, Govt seeks 17 paisa/unit increase in tariff of Discos

Billions of rupees refunds stuck, APTMA urges govt to restore zero-rated regime

‘Pakistan must explore $10.8bn textile market of Texas’

‘Sindh Water Tax notice not maintainable’

ECO countries, Sindh governor for developing trade, investment ties

DBRIU sets up office in Sindh investment dept

Exports comeback likely

Approaching optimal SEZs - I

Oiling the tax machinery

JANG NEWS PAPER

Decision to audit sugar industry, implementation on reforms in FBR at 1st stage stopped, concentration will be given on tax collection. Shabbar Zaidi

Demand to restore SRO-1125

Preparation underway to collect billion of rupees under the head of outstanding amount from electric consumers, Nepra’s request

In Pakistan during 2001, 4.4 crore was poor while in 2015 only 76 lacs people are poor

Billions of dollars not remitted through legal channel from Pakistan. Rehmatullah Wazir

Saudi Arabia allowed running vehicles on visit visa

EXPRESS NEWS PAPER

Trade deficit reduced by 33.52% and stand at 7.77 billion dollar

APTMA demands restoration of zero rating facility for exporters

Industrial sector hailed imposition of Pak – China free trade agreement

No Govt can provide millions jobs. Advisor Finance

Date:  November 14, 2019

DAWN NEWS PAPER

Tax regime to be reformed with stakeholders’ consent: PM

NA panel passes bill to get details of Pakistanis’ foreign assets

LTU Karachi frames Rs100bn cases against tax evaders

Govt raises Rs120bn through PIBs

A.P.T.M.A Ad,

THE NEWS INTERNATIONAL

Pakistan ‘investment destination’ for foreigners: Abdul Razak Dawood

Rs100 billion tax evasions unearthed in four months

State Bank’s advance payment hailed

‘Pakistan has lower participation in regional, globle value chains’

PBC urges central bank to cut interest rate

‘Target of increasing SME loans to 17 percent quite achievable’


BUSINESS RECORDER

Creation of proposed PRA, other reforms, Tax machinery to be taken on board, says PM

Pakistan’s non-performing loan ratio worsens to 8.4pc: ADB

PBC gives guarded response to SBP’s measures

Raw cotton exports increases 53.65pc in Q1

Renewal of GSP-Plus status, France, Germany announce to support Pakistan

Raw materials import, LCCI hails SBP for allowing $10,000 advance payment

State Bank’s gesture, Importers can make advance payments up to $10,000: PCDMA

BMP opposes another 31pc hike in gas prices

Outsourcing the Government

Doing business report and beyond — III

JANG NEWS PAPER

State Bank Abolishes ban on transfer of advance payment of dollar

U.A.E announced permanent residency to 2500 foreigners

EXPRESS NEWS PAPER

Tax Payment should be treated as moral obligation, economy stable, stock market stopped. Prime Minister

Fiscal Year 2019-2020, Rs 1000 billion fraud detected during 4 months

SECP measures: registration of new companies increased

Refund released to 17 exporting companies on the instruction of Prime Minister

Expecting economic relief and ground reality

Date:  November 13, 2019

DAWN NEWS PAPER

Govt plans to induct experts into ministries, likely to ruffle feathers

Audit seeks action against Customs officials for fraudulent act

SBP allows $10,000 advance payment for raw material imports

Listing rules for SMEs, startups approved

New FTA with China to help enhance exports

Car sales dip by 44pc

THE NEWS INTERNATIONAL

FBR expects legal change to get banking data from next year

State Bank unveils new measures to boost exports

Pakistan’s 313 products expected tax-free access in China

Beating the system to get IMF’s blessings?

PIA to open office at KCCI

MKRMS seminar: Balanced diet, exercise advised to ward off diabetes

Taxation in trouble

BUSINESS RECORDER

SBP takes steps to boost exports, manufacturing

FBR set to miss 34pc growth in Q2 revenue target

Bedwear exporters voice concern over rejection of ST claims

Second phase of FTA with China to be operational from Dec 1: Razak

Cases for audit, FBR urged to consult relevant law

A vote of confidence from IMF?

JANG NEWS PAPER

Note of Rs 5000/- not being closed. State Bank of Pakistan

State Bank, exporters allowed to make advance payment up to 10 thousands dollar, 2 circular issued with regard to ease of doing business

Free Trade Agreement with China will be effective from December

EXPRESS NEWS PAPER

Increase in forex reserves is not due to return back money by someone. State Bank

State Bank contradicts report of cancelation of Rs 5000/- Note

Date:  November 12, 
2019

DAWN NEWS PAPER

Imran orders formation of special cell for price control

PM aide on finance chastised over price hike ignorance

With stability returning, Hafeez speaks of massive stimulus for exports, construction

Japanese envoy stresses expansion of bilateral trade

Betting on SEZs — again

A thumping vote

THE NEWS INTERNATIONAL

Sold for Rs4.82 bn, it’s world’s costliest watch

IMF tranche

BUSINESS RECORDER

Non-payment of refunds block huge working capital: TMAP

Income Tax, Businessmen express concern over PM's statement

Pakistan Citizen Portal, PM takes strong exception to lukewarm response in addressing complaints

Inflation as consequence of flawed policies

JANG NEWS PAPER

Rs 200 billion loan to exporters, Rs 300 billion cash refund, Rs 30 billion subsidy for housing scheme. Govt

Saudi Arabia 1st time allowed permanent residence to 73 foreigners

75 MIS Officers of FBR replaced across the country

Cotton can be exported to Pakistan if trade resumes. India Exporters

Do not make gas further expensive

Exports growth one successful model

EXPRESS NEWS PAPER

Enhancement in exports, foreign exchange and revenue, Advisor Finance

Figures of tax collection should be circulated. Siraj Kasim Teli , Agha Shahab

Date:  November 11, 
2019

Announcement

The offices of All Newspapers were closed on Sunday (Nov 10) on account of Eid Miladun Nabi. Hence, there is no newspaper on Today (Nov 11).

Date:  November 10, 2019

DAWN NEWS PAPER

Govt plans tax documentation drive

Currency dealers sell $2.4bn to banks

Govt debt rises by Rs1.4tr in 1Q

THE NEWS INTERNATIONAL

SNGPL, SSGCL ask for 31pc increase in gas prices

State Bank foreign currency reserves shore up by $443m


BUSINESS RECORDER

FCCI proposes new textile policy for 2019-24

SNGPL, SSGCL seek increase in gas prices

Cotton market, Prices fluctuate slightly on subdued business

Raid, search by taxmen, SC turns down PHC judgement

‘Hectick efforts needed to exit from FATF’s grey list’

PTI govt, too, insensitive to water issue?


JANG NEWS PAPER

Preparation to further increase the Gas price, consumers will bear Rs.93 billion burden


EXPRESS NEWS PAPER

Decided to increase Gas bills, Rs.93 will collect from consumers

Demanded the Industry of Karachi exempt from gas load shedding

Date:  November 09, 2019


DAWN NEWS PAPER

Three committees constituted for restructuring FBR

All targets met, says IMF as circular debt comes into focus

PM approves Rs6bn relief package for consumers

FATF grey list

‘Number plates’

Whitening creams

Notice of Public Hearing Sui Southern Gas Company Limited (SSGCL)

THE NEWS INTERNATIONAL

All targets met, IMF okays issuance of fresh tranche

Pak-China FTA to become effective from Dec

Rs11.97 per unit power flat rate for winter announced

IMF, WB, ADB laud circular debt capping plan

FBR may restrict traders to record high-value transactions

Pakistan’s exports keep declining in absence of long-term vision

KCCI team urged to visit Sri Lanka

Sindh govt to help industries, commercial centres beef up fire safety systems


BUSINESS RECORDER

Refund processing via FASTER, FBR issues guidelines for filing Annex-H

Sales tax evasion, FBR wing conducts raids on unregistered businesses in F’abad

Fiscal prudence needs to be maintained: IMF

‘Additional consumption’ Rs 11.97/unit flat rate announced

IFIs satisfied with circular debt capping plan

Appointments to govt posts, Dawood says ‘NAB factor’ scares away ‘good people’

Ministry of Finance strongly reacts to BR editorial

Minister for proper fire safety measures in industrial, commercial areas

Trade volume, Pak-Sri Lankan businessmen urged to make collective efforts

UBG confident of winning upcoming FPCCI polls

Opposition to FBR’s reform plan

Notice of Public Hearing, Sui Northern Gas Pipelines Limited (SNGPL)

JANG NEWS PAPER

IMF old targets completed, new guidelines issued, next installment approved

Pak – China free trade agreement will be effective before time. Advisor Commerce

Formation of Pakistan Revenue Authority in place of FBR will be violation of constitution, former senior member of FBR

Readymade garments exports increased by 41.77% during 1st 6th months of current fiscal year

388 billion dollars reduced in the wealth of Billionaires of the world

People get longer lifespan who reaches everywhere late

By running age go longer and chances of severe diseases reduced

EXPRESS NEWS PAPER

IMF not agreed to revisit revenue targets on 2nd installment agreed

Reservations of employees of FBR on restructuring will be removed

Pakistan can get duty free excess by sending its product from Sri Lanka

Industries will be provided electric tariff on cheaper rates for 24 hours. Omer Ayub

Date:  November 08, 
2019

DAWN NEWS PAPER

PLEA FOR RELEASE OF REFUNDS

Country may remain on FATF list beyond February: minister

No relaxation, no waivers as IMF concludes review

SBP reserves rise to highest level since April

People urged to refuse plastic bags

Ease of doing business?

FBR reforms

Government of Sindh “NOTICE”

THE NEWS INTERNATIONAL

Money sent, property purchased abroad not illegal: FBR

LTU Karachi’s revenue up 16pc despite economic slowdown

‘Proposed PRA setup ill-conceived reform plan’

Karachi power demand grows 5.2 percent per year

Juggling statistics for a make believe economic front

Tax revision


BUSINESS RECORDER

Actionable bank account information, UAE not giving access: FBR chief

Aftermath of IMF programme: some recommendations

October inflation: Rate cut can wait

There’s no decision of CCI regarding GIDC levy, SC notes

Move to turn FBR into PRA, IRS officers express Reservations

Forex reserves move up by $443m

Doing business report and beyond — II

Parliament and the IMF

JANG NEWS PAPER

Money gone through legal channel and still going, property purchased through this money is lawful. Chairman FBR

U.A.E ready to abolish restriction on Whatsapp calls

EXPRESS NEWS PAPER

Money gone outside Pakistan is not illegal gone through legal channel. Chairman FBR

Rs 61.4 billion tax exemption given to 191 billionaires Pakistanis

Gas infrastructure tax case, larger bench will be formed if needed. Supreme Court

Date:  November 07, 
2019

DAWN NEWS PAPER

Inflation clocks in at 11pc in October

FATF seeks to criminalise financing ‘terror travels’

Traders, growers slammed govt in presence of army chief, says PM’s aide

Lawmakers ask IMF to ease pace of adjustments; oppose centralisation of tax on services

‘Islamic banking can help address poverty’

Govt raises Rs823bn through T-bills

World Bank eyes increase in tax ratio to 17pc by FY24

FBR raids three unregistered units

Karachi industry urges uninterrupted gas supply

KE chairman resigns

Cut in NSS rates

THE NEWS INTERNATIONAL

PM Imran decides to clip NAB powers to save bureaucracy from harassment

Nationwide tax drive given go-ahead

Karachi property tax can raise billions of rupees, says Dr Ishrat Husain

Consumer inflation clocks in at 11.04 pc in Oct

Sales tax on imports up 18.5pc to Rs267.45bln in July-October

SBP report

BUSINESS RECORDER

Oct CPI inflation up 11.04pc YoY

Documentation drive, FBR field staff raises certain issues

Power tariff adjustment: no respite

Dr Ishrat highlights problems hindering economic growth

New units of measurements, Customs revise valuation rulings for 970 imported items

Karachi industries, PM urged to direct SSGC to ensure smooth supply of gas

An extra 15 minute daily walk could boost global economy: study

Government for the people, Holy Grail or a right denied?

Dismal saving and investment rates

Azhar’s flawed narrative continues

JANG NEWS PAPER

New FBR Officers assume charge in Karachi, Lahore, Islamabad, Peshawar

Nonpayment of refund and severe financial crisis, APTMA warns not to pay sales tax of current month

EXPRESS NEWS PAPER

Inflation is increasing IMF should relax economic target, Pakistan demands

Large scale reforms will be made in F.B.R. Ministry of Finance

Revision of measurement unavoidable, Member Customs FBR

Date:  November 06, 
2019

DAWN NEWS PAPER

FBR officers revolt against reform plan

Nepra okays Rs1.83 per unit increase in electricity tariff

National Savings profit rates slashed

Pakistan among worst countries for internet freedom: report

THE NEWS INTERNATIONAL

Inflation increased in country: minister

Debt inquiry commission finds all loan money going to Account No 1

FBR reforms after stakeholders’ feedback: Shabbar Zaidi

Profit rates on national savings schemes slashed

Power Division withdraws summary on gas deal for RLNG power plants

Rs1.826 per unit extra to be charged from power consumers in Nov bills

FBR mulls digital survey to assess real estate wealth

Rs100bln added to stuck-up sales tax refunds in 4 months

Thailand awaits Pakistan’s progress on FTA: Thai envoy

Workers risk being casualties amid economic slowdown

LCCI sets up facilitation centre

BUSINESS RECORDER

Country’s economy, Govt paints a happy picture

Value-added textile sector demands restoration of zero-rated regime

Rs80bn refunds stuck, claim APTMA, KCA

Cotton output may fall by 6m bales

Doing business in Pakistan, Taxation causes general discontent

'Weaving City' planned for Faisalabad

FBR restructuring after taking stakeholders’ nod: Shabbar

GIDC, levy, collection & recovery rules, 2019 await cabinet's nod

Nepra approves Rs1.82/unit hike in power tariff

Condition of CNIC, SAI for progressive raise in ST's rate

JANG NEWS PAPER

Use of loan no evidence  of fraud and corruption. Enquiry Commission

Restructuring will be done after consultation with all stake holders. Chairman FBR

Fuel adjustment charges fixed at Rs 2.37, burden of Rs 33 billion on consumers

Naveed Akhtar appointed new Commissioner of Regional Tax Office Zone-05 of Lahore

FBR objections waste of time. Federal Tax Ombudsman

Textile exports enhanced


Date:  November 05, 
2019

DAWN NEWS PAPER

Major overhaul planned at FBR

Policy talks begin with IMF

‘Tax officials raising unnecessary objections’

Razak to attend informal WTO meeting in Shanghai

Pakistani startups rake in millions of dollars

Pre-arrest bail pleas of Arshad Vohra, nine others in CETP case rejected

THE NEWS INTERNATIONAL

Pakistan, IMF agree on cutting FBR’s tax collection target by Rs233 bn

Corporate leadership a missing link in economy on political expediency

Local industry approach proposed for SEZs framework

BUSINESS RECORDER

FY20 Rs5.5trn target: revenue shortfall to grow to Rs600bn

‘NAB fear’ discourages good professionals from joining SOEs?

Restructuring of FBR, idea of creating PRA discussed

PBC makes recommendations for SEZs framework

Growth in FBR Revenues

SBP assessment

JANG NEWS PAPER

Pakistan and IMF agreed to reduced annual tax target by Rs 233 billion

State Bank in deficit!

EXPRESS NEWS PAPER

F.B.R Officers opposed formation of Pakistan Revenue Authority

Trade deficit reduced by 33% stand at 6.75 billion dollar

Date:  November 04, 2019

DAWN NEWS PAPER

Textile for restoring zero-rating facility as sales tax refund claims unpaid

State of economy

Number plate

THE NEWS INTERNATIONAL

Impediments in development

BUSINESS RECORDER

Textile export sector,  ‘Rs189bn refund claims erode financial viability’

External debt sustainability, Indicators show Deterioration’

Cotton ‘SOS’

FBR reforms to create liquidity issues

JANG NEWS PAPER

1st Fiscal year of the Govt, State Bank also gone in deficit

Role of NAB in restoring Business Community confidence

Temporary cease fire of Traders and FBR

EXPRESS NEWS PAPER

Modern technology and investment is indispensible

Foreign and local investment continuously falling downward

Date:  November 03, 2019


DAWN NEWS PAPER
Trade deficit narrows over 33pc in July-October

THE NEWS INTERNATIONAL

Pak exports up by 6pc, imports down by 17pc in October 2019

Pakistan-India trade volume falls 51pc in Q1

SECP unveils rules to revive sick units

FBR pursues bank accountholders holding government securities

POL price hike slammed

Purchasing power

Tax ranking

BUSINESS RECORDER

Oct exports post 6pc growth YoY

New commercial connections, Discos endorse FBR decision to disallow unregistered applicants

No bar on beneficiaries to sell forex at bank of choice: SBP

Volumetric increase in exports: Pahsa contests SBP’s claim

Rules notified for rehabilitation of sick companies

BD Leather Tech Fair: ‘Participation to promote Pak-BD bilateral trade’

Core inflation outpaces CPI

JANG NEWS PAPER

Detaining of containers without consent of owner is illegal. Court

Trade deficit between July to October reduced to 7 billion 78 crore dollar. Advisor Commerce

EXPRESS NEWS PAPER

Proposal of value-added Textile Exporters

Govt should increase financial support to SME’s. Daroo Khan

Date:  November 02, 2019

DAWN NEWS PAPER
Fitch lauds improvements in business climate

BUSINESS RECORDER

IMF for uniform tax rates, single administration

SITE body expresses concern over gas shortage

Govt urged to increase SME financing

July-August 2019, FBR urged to release pending refund claims

EXPRESS NEWS PAPER

Utility gas connection should not be given to non-filers. Chairman FBR

To control money laundering declaration counter formed at Airports

Karachi wins in tax collection F.B.R

Govt should increase financial support to small and medium enterprises. Daroo Khan

World Bank President’s encouraging notes


Date:  November 01, 
2019

DAWN NEWS PAPER

Towel industry

Prices of three petroleum products raised

SC to hold regular hearing in cases relating to Gas Development Infrastructure Cess

Pakistan’s own pollution causes smog, say experts

WB president urges focus on reforms for jobs, growth

Revenue shortfall rises to Rs162bn in July-Oct

Mansha proposes bond swap for circular debt

Cotton touches season’s new peak of Rs9,750 on brisk buying

Reserves up

Caving in to traders

THE NEWS INTERNATIONAL

WB to help Pakistan in bringing more reforms

Federal secys ask VIP to rescue civil service from NAB

Petrol, diesel get pricier

FBR facing Rs163.6 bn revenue shortfall in four months

Accord with traders: Govt to forego revenue potential of Rs70-100 bn

SBP’s forex reserves rise

Fashion expo to be held in Nov

SAI urges to increase gas supply

Sepa complains of police not supporting action against polluting industrial units

Traders’ strike

BUSINESS RECORDER

Economic indicators, WB chief notices progress

Improved ranking, It’s just a beginning, says PM

Last date for filing IT returns extended

Last date for submission, Sales Tax, FED returns extended

Army decides to start generating electricity

Thinking about FDI

Karachi and Lahore are poles apart

Prices of petrol, diesel increased

Interest rates reversal: now or later?

OGRA increases price of indigenous LPG for Nov

Doing business report and beyond — I

Traders strike a deal

JANG NEWS PAPER

Petrol Rs 1/- Diesel 0.27 paisa per litre made expensive, notification issued, LPG price also raised

F.B.R released figures of tax filers of various cities

Agreement with traders, Govt revenue will decrease by Rs 70 to 100 billion

Positive indicator of economic wheel!

Price of electricity during winter

EXPRESS NEWS PAPER

Pakistan made request to IMF reduced tax target by Rs 3 trillion

Hidden wealth in real estate will be surveyed than tax assessment will be approved

Money laundering of millions of dollar through under invoicing detected

Sindh Labour Conference will be held in February preparation begins. Saeed Ghani

Friendly agreement with Traders and Govt