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Date:  September 30, 2019

DAWN NEWS PAPER

Textile barons complain of not getting concessions on exports

Explaining SBP’s interest rate policy (and its results)

Banks’ fight against bad loans

Tourist traffic witnesses sharp increase in five years

‘Take balanced diet, do regular exercise to protect heart’

Business ease

Tax rates

THE NEWS INTERNATIONAL

Saudi Arabia to invest Rs15,682 bn in India

FBR may go slow on condition of CNIC

SNGPL pipeline enters red zone as RLNG pressure goes up

Sindh reiterates resolve to ban single-use plastic bags from tomorrow

BUSINESS RECORDER

Commerce may send summary of ‘eligible’ TOs to PM

CNIC condition, FBR may continue go-slow policy till Jan 1

Inputs imported under concessionary regime, EDB fails to monitor actual consumption

Market-determined exchange rate, Pasha explains increase in Inflation

GSP plus potential: 15x!

MoU signed, Faisalabad to have Expo Centre

Umar versus Sheikh

JANG NEWS PAPER

Saudi Arabia invest Rs 157 trillion in India

Ban on import from Iran, LPG price increased by Rs 12/- per kilo

Pak – US trade increased by 3.56% during 2 month. State Bank

Tax offices across the country would remain open today till 12:00 Night

Saudi Arabia allowed performing Ummrah on tourist visa

My recent visit to Slovenia

EXPRESS NEWS PAPER

Govt’s plan to invest in construction project through black money

Economic difficulties increased due to loan and deficit

 

Date:  September 29, 2019

DAWN NEWS PAPER

Solar project launched to electrify 10,000 houses across country

THE NEWS INTERNATIONAL

Returns filing staggers to 265,000 ahead of deadline

Cut corporate tax

Simpler taxes

BUSINESS RECORDER

PTBA identifies serious discrepancies in IT return form

Shabbar denies FBR-traders deadlock

LTBA seeks extension in filing of returns up to Dec 31

Minister urges industrialists to introduce substitute of plastic bags


JANG NEWS PAPER

1st E-Commercial policy finalized in country’s history, will be placed in federal cabinet for approval

Saudi Arabia, Pakistan not included in the list of getting tourist visa

EXPRESS NEWS PAPER

No target given by IMF to fix dollar rate Baqar Raza

SMA Rizvi Textile Institute Ad,

Date:  September 28, 2019

DAWN NEWS PAPER

Pakistan among top 20 reformers in doing business

Up to 2.6pc decrease in oil prices proposed

54-paisa power tariff hike allowed to generate Rs54bn

Traders protest against FBR

Remove duties on cotton import: Aptma

Benami properties

THE NEWS INTERNATIONAL

Economic reforms begin paying desired results: finance ministry

APTMA urges taxes’ withdrawal

FPCCI seeks single window facility to spur trade

Ease of doing business: WB counts Pakistan among top 20 performers

IMF for linking SBP autonomy with performance

Nepra allows govt to up power tariff by Re0.53

No small traders-FBR deadlock, says Zaidi

FPCCI did not call for strike’

BUSINESS RECORDER

MoF says policies yielding desired results

FBR will launch new audit framework: Shabbar

Pakistan improves in six areas of ‘doing business’: WB

104 identified, Rs4bn Benami properties attached so far: FBR

APTMA for withdrawal of levies on cotton import

PBIF chief voices concern over continuing shrinking LSM

Tax Year 2019, FBR unveils paper return form to be filed manually

Up to 2.5pc cut in POL products for Oct likely

FBR offices to remain open today

FEBR demands extension in IT return filing date

‘Selection of cases for audit in any of past three tax years illegal’

Traders’ ‘travails’

JANG NEWS PAPER

Ease in doing business, Pakistan included in 1st 20 countries with regard to reforms

No deadlock in dialogue with traders. Chairman F.B.R

Strict monetary policy, economy improved due to cut in expenditure. Ministry Finance

Electricity made expensive recommendation make petrol cheaper

EXPRESS NEWS PAPER
Petrol likely to reduced by Rs 2.55 per litre

Centre should give power to provinces to collect sales tax. Murad Ali Shah

No deadlock in dialogue with traders. Shabbar Zaidi

Audit framework will be introduced from 1st October announced

Strict monetary policy started yielding encouraging result. Ministry of Finance

Saudi Arabia announced tourist visa for 49 countries

Date:  September 27, 2019

DAWN NEWS PAPER

FBR calls traders for talks as deadline looms

Pakistan in midst of economic crisis, says UN body

SBP reserves fall by $135m in a week

Tax offices, banks open on 30th

Bank of Khyber head sacked

Sindh Bank appoints CEO
900,000 websites blocked over content, says PTA

THE NEWS INTERNATIONAL

FBR initiates scrutiny of giant sectors to maximise tax collection

Naveed Shakoor elected BQATI President

CNIC condition: A hot potato with a huge potential to beef up revenues

Uninterrupted power supplies urged

Districts join anti-benami drive

A sorry sign


BUSINESS RECORDER

Undue tax refunds, SC asks FBR chief to file report on steps taken

Traders turn down FBR’s meeting plea

SBP governor

Textile exports: winning on volumes

CNG sector allowed to use surplus LNG capacity

More loyal than the king: single-use plastic ban

Tax collection: branches to remain open till 9pm on 30th

Umer Rehan elected KATI president

Solar panels worth Rs12m removed from QICT on forged documents

Micromanagement of exports — I

Jump in foreign financial inflows

‘Our goal is solidifying stability to secure growth,’ Dr Reza Baqir

F.B.R. Ad, Be an Active Taxpayer: Last Date to File Income Tax Returns 30 September, 2019

JANG NEWS PAPER
Rs 9 crore gone from National kitty, nobody is aware. Supreme Court

EXPRESS NEWS PAPER
Department of FBR in deplorable condition, you people have no care for the country. Acting Chief Justice

90 Persons got cleared themselves through amnesty scheme of Panama leaks

F.B.R facing 100 billion shortfalls in tax collection

Dialogue with F.B.R failed Businessmen of Karachi will stage sit in

Date:  September 26, 2019

DAWN NEWS PAPER

Nepra reserves ruling in Rs120bn recovery case

India fails to clinch trade deal with US

Indian court scraps panel to review power tariff

THE NEWS INTERNATIONAL

Treasury bills yields edge down

When profit is pitted against prosperity, economy loses

Container scanning fee barred

Consortium against plastic waste launched

A case for lower seasonal tariff

F.B.R. Ad, File Income Tax Return, Be an Active Taxpayer: Remember Last Date 30 September

BUSINESS RECORDER

ADB offers grim economic forecast

Monthly fuel price adjustment, Rs2.75/unit increase in power tariff expected

Outlets/shops, Documents verification drive not suspended: Shabbar

First commercial flights from Beijing’s new $63bn airport take off

Need stressed for making wastewater reusable

Heat wave likely to persist till Friday

Amanullah elected APTMA chairman unopposed

Does the govt pay what it owes?

JANG NEWS PAPER

Restoration of Pakistan’s economy begins inflation can be increased. Asian Bank

Awarding to Modi is just like awarding Mussolini on running train in time

Invoice Monitoring System

EXPRESS NEWS PAPER

Approval by Govt to borrow crisis laon worth  1 billion dolar from ADB  

Revenue shortfall, annual tax collection target reduced by Rs 52 billion, Rs 5503 billion fixed revised

Rain with thunders Strom today, metrological office

Electric tariff likely to be expensive by Rs 1.86 per unit

F.B.R. Ad, File Income Tax Return, Be an Active Taxpayer: Remember Last Date 30 September

Date:  September 25, 2019

DAWN NEWS PAPER

Unregistered industrial, commercial units served tax notices

‘Pakistan needs free access to US markets’

KCCI elects new president

Haj, Umrah pilgrims’ biometrics to be done in countries of origin

THE NEWS INTERNATIONAL

FBR empowers raiding unit to check untaxed trade

KCCI office-bearers elected

‘Pakistan needs agreement on pattern of Bangladesh accord to ensure workplace safety’

Saudi Arabia terms biometric enrollment must for Umra pilgrims

BUSINESS RECORDER

Sales tax return form, Complex annexures cause confusion among exporters

PM, WB chief discuss Pakistan’s economy

CPI & gas tariff: improved yet overstated

KCCI polls, New office-bearers of BMG group elected unopposed

Hajj/Umrah visas, Saudi ministry makes biometric registration mandatory

Private container terminals barred from collecting scanning charges

Over 50pc consumers prefer payments thru card over cash: survey shows

Finance Act 2019 termed a key step towards documentation of national economy

Economic issues: enhanced competitiveness only solution

Grim agri income tax numbers

JANG NEWS PAPER

Refund under new R.P.O’s again stopped. Daro Khan

New custom and tax officials assumed office across the country

Plastic bags will be banned from 1st October. Murtaza Wahab

More rain with thunder storm expected in Karachi from Friday to Monday

EXPRESS NEWS PAPER

Decision to abolish special zones of tax net

Electric tariff likely to be enhanced

Country’s population reduced by 9000 in 6th final report of census

Pakistani Hajj and Ummrah pilgrims should come after biometric. Saudi Arabia

Date:  September 24, 2019

DAWN NEWS PAPER

Foreign inflows jump in July, August

Extension linked with 95pc tax payment

THE NEWS INTERNATIONAL

‘Foreign investors bet on new opportunities’

Consumers prefer paymentcards over cash: Visa’s survey

PHMA office-bearers elected

Plastic manufacturers supporting polythene bag ban: Wahab

Third Chinese Visa Centre opens in Lahore

Unexpected property tax

BUSINESS RECORDER

Traders’ reps likely to meet FBR officials on 27th

Cos, businesses asked to pay up to 95pc of tax liabilities till 30th

Exports: volumes await price push

MoU inked with PIA: KATI members to get discount on domestic, int’l airfares

Traders announce protests against CNIC condition from Oct 7

Emirates offers free hotel stay in Dubai for Pak passengers

Recent trends in exports and imports

Drop in C/A deficit

JANG NEWS PAPER

To ensure 95% tax payment before extending date for submission of tax return. F.B.R

Modi will be key speaker in Bloomberg Global Business Forum

EXPRESS NEWS PAPER
Afghan transits trade is the main cause of black economy, major part of imported good is sold in Pakistan detected

Date:  September 23, 
2019


DAWN NEWS PAPER
Federal govt should collect agriculture tax: Farogh

THE NEWS INTERNATIONAL
FPCCI concerned over government’s financial policies

FPCCI proposes delegation to Tokyo: Dr Baig

India cuts down corporate tax rates for domestic firms by 8pc

GIDC: controversy and solution

Rupee in the driving seat?

The tax target

Bangladeshi couple challenge wedding tradition

BUSINESS RECORDER
HC highlights potential of Pak-Canada bilateral trade

Five reduced/zero rated sectors: FBR orders audit of registered persons

Five-year period ending 2019 set to be hottest on record

Withdrawal of SRO 1125: Chemical & leather industry facing severe crisis: PCMA

Yarn exports disappoint

Interest rates

Date:  September 22, 2019

DAWN NEWS PAPER

Traders to protest against CNIC condition on Oct 9

Banks` advances drop in July

Economist proposes agriculture tax, opposes heavy taxes on industry

THE NEWS INTERNATIONAL

Talks with FBR fail: Traders announce protest march on Islamabad

FBR launches auditing of taxpayers

Textile exports inch up 2.3 percent in July-August

SMEs, best bet for economy in the face of stagnant LSM

BUSINESS RECORDER

Five export sectors may get major relief, FBR assures APTMA

Six Pak companies participate in Heimtextil Russia

ST, FED returns, Date extended till 24th

Govt urged to end uncertainty in country

BMP announces candidates for FPCCI elections

JANG NEWS PAPER

Dialogue inconclusive F.B.R and Traders, across the country on path of confrontation

Difficult economic decision beginning of positive result

EXPRESS NEWS PAPER

1.50 billion dollar foreign loan in 2 months

Economy, do not run imaginary race horses

Date:  September 21, 2019

DAWN NEWS PAPER

IMF links decisive action to programme success

Large-scale manufacturing shrinks for eighth month in row

Industry leaders assail economic policies in National Assembly

Exports fall in August

Tax bar demands 90-day time for tax return filing

IMF impressions

THE NEWS INTERNATIONAL

Trade deficit narrows 35.9 percent to $3.9bln in July-August

Inflation to dip, risks still there

Strategic Plan 2019-24 to serve as road map for Pakistan Customs, seminar told

Smuggling satiates half of key products demand: OICCI

Under-pressure India slashes corporate taxes

KTBA points out filing glitches

BUSINESS RECORDER

Textile Asia Int’l Trade Fair inaugurated

ST returns, Single portal to address provinces’ reservations: FBR

Ailing economy, IMF prescribes ‘decisive’ reform implementation dose

YoY figures, August exports decline 7.65pc to $1.86bn

AGP’s report, PD failed to make ‘appropriate’ rules under GIDC law

‘Trade misinvoicing deprives exchequer 11pc of total revenue’

FPCCI election, UBG nominates Dr Nauman Butt for president’s slot

KCCI, PJBF ink MoU

FBR’s failings

JANG NEWS PAPER

FPCCI expressed concern on economic polices

EXPRESS NEWS PAPER

Dialogue on CNIC condition failed, Traders announced march to Islamabad on 19th March 

Trade deficit reduced by 36% in 2 months stands at 3.9 billion dollar

Inflation will continue for more 2 years. Deputy Governor State Bank

Date:  September 20, 2019

DAWN NEWS PAPER

IHC sets aside Sukhera’s dismissal as tax ombudsman

SC to conduct day-to-day hearing of GIDC-related cases

CAD shrinks 55pc in July-August

Programme off to a good start: IMF

Indus Motor shuts down plant

Owner names MQM lawmaker, six others in Baldia factory fire case

Mild heatwave may strike Karachi

THE NEWS INTERNATIONAL

Baldia factory fire case: Owner says ex-governor demanded Rs120million as settlement

Govt unable to meet Rs1,071 bn tax collection target

C/A deficit narrows 55pc in two months

IMF asks Pakistan to consider longer SBP governor term

Islamic banking holds huge growth potential: Moody’s

Declaration must for Pakistanis having foreign assets, income

Sales tax collection on import stage grows by 15pc in July-August

UN body likely to review loan policy for Pakistan

Forex reserves rise to $15.898bln

BUSINESS RECORDER

SBP tells IMF, Inflationary pressures may recede in H2

Will bitter IMF pill cure?

Jul-Aug C/A deficit plunges 55pc YoY

‘Tax Asaan’ app doesn’t make things easier

2nd Edition of ‘IRIS’ portal ‘Maloomat’ launched

Power tariffs to go considerably higher

Reserves up by $146m

FPCCI to present 3-year roadmap, economic plan

Gas supply normalised in city

SC to hear GIDC case on daily basis from Oct 22

$5 hike in oil price to push up oil import bill by $1.25bn: PBIF

Urgency of reforms

JANG NEWS PAPER

Effective monitoring should be done to collect revenue from Sales Tax, Federal Excise. FBR

NAB meets FPCCI officials in Karachi

EXPRESS NEWS PAPER

Pakistan becomes successful in imposing economic reforms. IMF

Date:  September 19, 2019

DAWN NEWS PAPER

FBR claims success with tax app

FDI nosedives 58pc in July-August

Cotton production falls by 26pc

Cotton prices soar to Rs9,000

The economy 

THE NEWS INTERNATIONAL

Oil prices down after Saudi Arabia says has restored supply

ICCI resents increase in key policy interest rate to 13.25pc

Ambassadors of Croatia, Cyprus and Ghana visit FPCCI

‘SSGC ensuring equitable gas supply in Karachi’ 

BUSINESS RECORDER

GIDC levy, SC to hear 107 petitions from today

Enforcement of FATF rules, Businesses must stay unfazed, SECP told

FBR issues notices to around 115,340 unregistered persons

Non-registered industrial consumers, FBR, Fesco sending over 60,000 notices jointly: Shabbar

NIC submission condition, Traders to stage protest at FBR office in Oct

Prior to IMF team visit, PM alerts economic team to come up with new ideas

The Constitution and its guardians 

JANG NEWS PAPER

Reduced gas pressure in Karachi, effected due to supply. Company

Pakistan will not be able to meet IMF targets if oil prices increases 

EXPRESS NEWS PAPER

Pakistan’s 6 companies participated in Heimtextil Russia

Date:  September 18, 2019

DAWN NEWS PAPER

Pakistan should build buffers to absorb shocks: IMF

AGP points out Rs201bn tax loss at FBR

Half of lost Saudi oil to remain offline for a month: S&P

THE NEWS INTERNATIONAL

Economy needs overhaul, says PM

Govt questions gas cos about conflict of interest

FBR changes valuation system at Customs stage

Dr Baig appointed acting president FPCCI

KCCI, MCCI to work together

FBR issues notices to 475 printers for return filing

Govt to declare LPG production mandatory at all gas fields

Tax officials barred from raids without approval

Updated units of measurement issued by Pakistan Customs

Where is the economy going?

Discount rate stability

BUSINESS RECORDER

IMF says won’t revise program targets

Powers to search business premises: FBR clips wings of its IR officials

PYMA opposes reimposition of RD on polyester filament yarn

Measurement units for import, exports updated

FPCCI chief to chair South & Southeast Asia Business Leader Summit

Uzbek businessmen visit FCCI

Monetary policy Prudence

Grim industrial slowdown

JANG NEWS PAPER

FBR established facilitation booth in Expo Centre Karachi

Information with regard to summary sent for approval to impose regulatory duty on polyester filament yarn

New Deputy Collector Custom started work at Karachi, Lahore, Quetta, Peshawar, Rawalpindi

FBR updated measurement unit after 7 years

FPCCI expressed concern on not reducing policy rate

State Bank’s new monetary policy

EXPRESS NEWS PAPER

Tax target will not be reviewed. IMF

Customs valuation system made of international standard. Shabbar Zaidi

Training session for export sector in collaboration with TDAP and IBA

Raid on business premises access only up to record 

Date:  September 17, 2019

DAWN NEWS PAPER

Oil prices soar as attacks slash Saudi output

With revenues in focus, IMF team lands to review programme progress

State Bank holds policy rate steady at 13.25pc

Many industrial units not paying minimum wages set by Sindh govt, PA told

The economy in focus 

THE NEWS INTERNATIONAL

SBP keeps interest rate on hold at 13.25pc

RTO-II’s revenue collection jumps 42pc in July-August

Adviser says exports improving

Tax returns filing date extended

Oil price hike couldn’t come at worse time for Pakistan’s economy

FBR sets up stall at ITCN Asia

UAF to hold meeting on cotton production on 20th

Unchanged discount rate: SBP decision to play havoc with budget deficit, says expert

SBP holds interest rate at 13.25pc, maintains cautious stance

Minimum wage of unskilled labourers in Sindh raised to Rs17,500

Dodging tax

BMW, Mercedes in talks to set up assembling plant in Bangladesh

State of business

Looking at Bangladesh 

BUSINESS RECORDER

SBP holds rates, says recent hikes enough to tame inflation

Import of 7,354 items: FBR unveils new UoM for tax assessment

Tax return filing: Corporate sector must submit compliance certificate: SECP

Date for ST & FED returns extended

e-filing of tax returns: SRB extends last date to 27th

Government may set up three benches to hear cases of Benami deals

RTO-II revenue collection up 30 percent in August

Razak terms rising exports as good sign for economy

In defence of economic policies

MPS: easing can wait! 

JANG NEWS PAPER

Slackness in auto sector, interest rate remains at 13.25%, inflation will be between 11% to 12%. State Bank

Factory workers can lodge complaint if not getting wages Rs.17500/-

Encashment in export of value-added products is good sign. Abdul Razzak Dawood

Indication of improvement in economy

EXPRESS NEWS PAPER

Abolition of 3% value added addition tax on 32 imported items under consideration

Enhancement of value added products exports is good sign. Razzak Dawood

Minimum wages of workers fixed at Rs.17500/-. Saeed Ghani

Sign of economic stability

Date:  September 16, 2019

DAWN NEWS PAPER

Accountability should not affect business: Hafeez

Dividends of trade war

Taxation: A way forward

THE NEWS INTERNATIONAL

Taxes will have to be paid: Shaikh

FATF and IMF conditions: Pakistan may seek US intervention for relief

KU inks MoU with National Textile University to promote research

Slipping on the loan-ly road

Shrinking trade deficit

BUSINESS RECORDER

Oil price could soar to $100/barrel

Economy now on path to stability, says Hafeez

Rs5bn additional revenue received: Shabbar

Special procedures, FBR hasn’t fully addressed ST issues of various sectors

GIDC: The legal battle

Tax administrations discreationary powers lead to litigation, opine experts

PHMA’s new executive body elected

Tax anomalies in SEZs

JANG NEWS PAPER

No Compromise on tax, economy is out of crisis moving towards stability, privatization on fast track ‘ADs’ for 10 new companies release. Economy Team

State Bank will announce today Monetary Policy 

Date:  September 15, 2019

DAWN NEWS PAPER

FBR moves to slash duties on import of mobile phones

Islamic banks` market share rises to 14.4pc

Cotton maintains bullish trend 

THE NEWS INTERNATIONAL

Some recent transfers, postings in FBR raise eyebrows

Improving economy: PM seeks out-of-box solutions from his team

Public debt rises 3.9 percent to Rs33.023trln in July

FBR resolves refund, adjustment issues

GIDC fiasco sows frustration in farms

‘No rate move next week but cuts possible later in 2019’

Rudderless economy idles in reform-resistant Pakistan

Eyes shift to SBP monetary policy meeting 

BUSINESS RECORDER

Govt optimistic about economic prospects

TAPI gas line home section, Construction to begin by end of Jan 2020

Power consumers to bear brunt of Rs40-45bn adjustments

Dr Pasha lists factors behind economic slowdown

Govt urged to set up sector-specific export councils

Strong demand pushes cotton prices further higher

Power tariff enhanced by 70pc for Punjab export industry

Prices of food items witness upward trend 

JANG NEWS PAPER

Govt borrowed loan of Rs.8333 billion in one year. State Bank

Korangi Industrial Area, main road totally destroyed, looks like war effected area, industrialist workers facing serious difficulties

EXPRESS NEWS PAPER

State Bank will keep interest rate remains at 13.25%. Analysts

8% Record shortfall in remittance during July, August

Taxpayers likely to reach 40 lacs. Touqeer Bukhari

Abolition of Ummrah fees on 2nd Ummrah hailed

Date:  September 14, 2019

DAWN NEWS PAPER

Experts call for ‘deep-rooted’ tax reforms

FBR notifies updated units of measurements

Islamic Chamber to set up arbitration centre in Karachi

KU signs MoU with NTU to boost research

Trade deficit narrows

THE NEWS INTERNATIONAL

IMF stresses mobilising domestic revenues

After bureaucracy and businessmen: Now corporate professionals being haunted

Hike in power, CNG tariff on the cards

IMF reiterates demand of fiscal consolidation ahead of staff level visit

BUSINESS RECORDER

IMF for placing debt on ‘firm’ downward trend

Inflation to slow down in next FY: SBP governor

Ghee/cooking makers, other sectors, FBR allows refund/input tax adjustment of ST/FED

Petitions regarding GIDC levy to be heard on 19th

PM’s Karachi visit put off

Disconnections, Lesco issues notices to 57,700 industrial, commercial consumers

C/A deficit narrowing as imports fall, exports rise: Alvi

SRB, IBFD organise training on trends, practices of sales tax

CDNS certificate rates to remain unchanged

RITBA praises FBR move

PM-businesspeople interaction

Discount rate debate

JANG NEWS PAPER

Pakistan should stabilize trend of reduced loan. IMF

Govt ready to shift additional burden of Rs 21 billon on LNG consumers

Use of mobile phone banned in apron and lounge of airports

Appointment and transfer of custom service officers

EXPRESS NEWS PAPER

Taxpayers facing challenges of refund 

Date:  September 13, 2019

DAWN NEWS PAPER

Trade deficit falls sharply by 38pc in July-August

Auto sales plunge in a slowing economy

1,187 firms enrolled in August

Monetary policy on Monday

Reserves rise to $15.751bn

Commodities: Brisk buying on cotton market

Airlines asked to rationalise fares 

THE NEWS INTERNATIONAL

Pakistan’s intra-regional trade remains lowest

Car sales plunge 41pc in August

SECP lists 1,187 new firms in August

Forex reserves rise to $15.751bln

Rupee ends higher

Gold up Rs800/tola 

BUSINESS RECORDER

Finance Act 2019, Special tax treatment to many sectors done away with

US support will be key to overcoming FATF challenge

FBR’s revised edition of ‘Maloomat’

MPS on 16th, Policy rate may stay unchanged

Forex reserves up by $132.2m

FBR to launch “Mobile App”

Cotton market, Volume of business rises on strong demand

Pak, China join hands to promote cotton industry

ABAD, CDC ink MoU for digitalisation of land records

Power failure affects water supply from Dhabeji

Monetary policy: status quo for now likely 

JANG NEWS PAPER
State Bank will announce Monetary Policy on 16th September

EXPRESS NEWS PAPER

Condition of IMF likely not to fulfilled regarding tax refund

For salary persons, Mobile App prepared for tax calculation

Date:  September 12, 2019

DAWN NEWS PAPER

SEZ enterprises seek an end to ‘backdoor’ taxes, equal treatment with Chinese investors

Govt rakes up Rs467.4bn from T-bill auction

Single tax on imports proposed

Rs15.6bn refunded to exporters

Relief for foreign students as UK reverses visa rules

THE NEWS INTERNATIONAL

FBR clears Rs22 bn sales tax refunds against 8,415 RPOs

SC to hear GIDC case on 19th

Pakistan yet to implement power tariff adjustment of Aug 2019

FATF to decide Pak fate in its Paris meeting next month

SBP sells Rs467 billion of T-bills; yields fall

FBR to appoint focal person on SEZs

Pakistan investment conference ends in US

Dawood withdraws trade bodies’ bill

Seven years on, Baldia factory fire victims still fighting for justice

Saudi Arabia introduces reduced visa fee

Queen appoints Pak businessman as member House of Lords

Nothing to inspect?

GIDC questions

BUSINESS RECORDER

Withdrawal of Power Div.’s summary, Textile industry approaches govt

May 30, 2018 to Sept 6, 2019 FBR clears around Rs22bn ST refunds

FCCI opposes withdrawal of GIDC Ordinance

Bangkok meeting to form basis of FATF decision

On chambers’ solutions for economic problems

Razak withdraws bill to extend tenure of FPCCI office-bearers

SEZs: tax anomalies irk top investors

2.5m tax returns deadline, PTAA urges FBR not to put undue pressure on taxpayers

Our revolving door of existential threats

JANG NEWS PAPER

Significant changes in Ummrah and Haj visa

Supreme Court, 19th September fixed for hearing of G.I.D.C case

New officials of custom and tax started working

F.B.R paid tax refunds worth Rs.22 billon

F.B.R collected all time record collection of Rs.650 billion in 73 days  

Economic challenges

Additional Ummrah fees abolished

EXPRESS NEWS PAPER

Rs.15 billion 60 crore paid against sales tax refund

Bill with regard to tenure of F.P.C.C.I office bearers withdrawn

F.B.R facilitation letter issued inspite of not achieving tax target

Karachi chamber hailed proposal to takeover of Karachi by Centre

Abolition of provincial tax on import of raw material 

Date:  September 10, 2019

DAWN NEWS PAPER

Reko Diq, Karkay cases rulings being challenged: minister

Govt finalises plan to increase power generation capacity by three times

Tax return form has many errors: KTBA

Lessees of plots in industrial parks warned to set up units or face cancellation of allotment

Success of ban on plastic bags hinges on alternative sources

Taxation policy 

THE NEWS INTERNATIONAL

FBR issues 20,000 notices to net evaders

Banning labour inspection

CPI and the policy rate 

BUSINESS RECORDER

Zero-rated industry, Power Div. seeks to charge Rs21bn tariff adjustment

CPEC Authority to be established thru Ordinance on 12th

Businesses, Forceful monitoring by FBR staff inflicts negative impact

Jul-Aug period, MCC Preventive witnesses decline in revenue collection

SSIC issues final notice to all allottees

FBR deserves some praise

JANG NEWS PAPER

Saudi Arabia cancelled Umrah fees for more than one Umrah

Free online taxi service for P.I.A passengers

EXPRESS NEWS PAPER

Rules for small and medium business changed

15 Days final notices issued to allottees of industrial estate and parks

Date:  September 09, 2019

DAWN NEWS PAPER

Textiles languishing by the wayside

Panacea for Karachi`s water woes?

FBR vs traders

Arab-India ties

THE NEWS INTERNATIONAL

Govt promoting ease of doing business culture, says Firdous

Fiscal frustrations

BUSINESS RECORDER

BMP opposes move to extend FPCCI president’s tenure

Total debt and liabilities: the big picture

JANG NEWS PAPER

Device ready to convert carbon dioxide into liquid fuel

Changes of paralysis is likely to increase if only vegetables are eaten

The biggest penalty in Pakistan’s history

EXPRESS NEWS PAPER

Progress is going on in dialogues with traders. Shabbar Zaidi

Concentration on enhancing exports is the only solution to get rid of from IMF

Austerity to be adopted

Date:  September 08, 2019

DAWN NEWS PAPER

PM`s direction on trade policy formulation ignored

Private sector borrowing falls sharply

Economy on the mend: SBP governor

Sindh Building Control Authority Ad, 

THE NEWS INTERNATIONAL

A step in the wrong direction

Pakistan to attend Shanghai fair 

BUSINESS RECORDER

Duty, tax payment mandatory, EPZ investors can dispose of machinery in tariff areas: FBR

32 Pakistani cos participate in Intertextile Shanghai Expo

Ease of doing business, Online payments facility begins in Punjab

Too early to declare victory

The state of economy

EXPRESS NEWS PAPER

Province object on single return form from F.B.R

SMA Rizvi Textile Institute Ad,

Date:  September 07, 2019

DAWN NEWS PAPER

SC moved for urgent hearing of GIDC cases

IMF programme ‘on track’, govt insists

FBR to update new units of measurement

Dr Piracha appointed to WTO mission in Geneva

Plea bargain between two ex-FBR officials and NAB approved

Growing tax base

THE NEWS INTERNATIONAL

GIDC case: Govt moves SC for urgent hearing

‘Pak-US trade needs expansion’

SITE’s bank accounts seized as SECP revokes licence

KCCI warns of looming fiscal pressures

No date extension for returns filing

The GIDC issue

BUSINESS RECORDER

0.6pc primary deficit agreed with IMF, Govt banking on Rs800bn non-tax revenue

Details, income attributable to CFC, There will be ‘penal consequences’ for non-disclosure: FBR

Exporters raise Kashmir issue at HK trade fair

Mini-budget to ruin economy, says KCCI’s acting chief

Smeda to be made more effective, Raise in exports amounting to Rs5bn likely: PM told

FMPAC urges govt to revisit decision on GIDC ordinance

MCC East witnesses 65pc decline in revenue collection

IMF technical mission due after Ashura

JANG NEWS PAPER

To expand bilateral trade have to work together. U.S.A

Every step will be taken to promote Textile sector. Prime Minister

Big amount involved, Govt requests Supreme Court to hear appeal against Infrastructure Development Cess

To face serious consequences on not disclosing assets. Chairman F.B.R

Ease of Doing Business, F.B.R decided to update measurement of units

ORGA reduced price of imported L.N.G

Investigation begins on release of forged notification of holiday on Defense Day

Tourists spent much more in Dubai and Macca

Human feel lean and thin by smelling lemon. British Research

EXPRESS NEWS PAPER

Decision to include religious tourism in category for online visa

Dialogue between F.B.R and traders once again failed

In new tax rerun details of foreign control companies to be given. Shabbar Zaidi

New institution formed under the title “Regulatory Authority Customs” to promote exports 

Date:  September 06, 2019

DAWN NEWS PAPER

Govt moves for early SC hearing on GIDC pleas

As harvest wilts, govt mulls incentives to boost cotton production

Tax base is growing, FBR team tells PM

‘Red letters’ issued to 27 ministries over performance

Reserves up $9m

Inflation rebasing 

THE NEWS INTERNATIONAL

Failing in meeting IMF targets, widening budget deficit: IMF to send SOS mission to Pakistan on 16th

Rs177.41bln documented since termination of Rs40,000 bonds

Govt to revive sick textile units

Forex reserves fall to $15.619 billion

Oil and gas policy steps 

BUSINESS RECORDER

SBP fears further economic slowdown

Need for averting recession

Hafeez tells foreign investors, Economy put on right track

Domestic tax collection, 28pc increase recorded in first two months, PM told

PBIF chief concerned at current level of interest rates

Incentives to non-resident foreign cos

Uncertainty and business sentiment

Divorce happens even if man says ‘talaq’ to his wife jokingly: CII

JANG NEWS PAPER

Failure in IMF target, budget deficit International delegation will visit on 17th September

F.B.R issued advice to Chief Commissioner to ensure tax payment before submission of 2019 tax return

Ordnance returned: reasonable decision

Good tax collection

EXPRESS NEWS PAPER

GIDC case, Govt contracted Supreme Court to hear case soon

Special platform ready to project Pakistani products

Cabinet approved IDC ordnance 4 persons opposed. Spokesman Prime Minister Nadeem Chan

2018 year of patience

Date:  September 05, 2019

DAWN NEWS PAPER

Under-fire govt beats retreat on GIDC amnesty

Reversal of GIDC ordinance ‘unfortunate’, bemoan businessmen

Power price raised by Rs1.78/unit for July

Automated export facilitation scheme launched

Simplified tax regime approved to attract foreign investment

Economy at critical juncture: chambers

Govt rules out any mini-budget in near future

Karachi still among world’s 10 least liveable cities

GIDC ordinance withdrawal

By ordinance alone

FBR collection

ATC to record Baldia factory owners’ statements via video link on 16th

Female cotton pickers demand status equal to industrial workers’

THE NEWS INTERNATIONAL

PM shoots down GIDC Ordinance, finally

NA body to probe who were behind GIDC ordinance

Rs644 bn taxes against Rs580 bn target collected, says Hafeez Shaikh

FBR announces Export Facilitation Scheme to boost exports

Power consumers to pay Rs1.78 per unit extra for July bills

Economists ask FBR to remove trust deficit

Export facilitation schemes announced

Business-friendly tax regime tied to economic upswing

Consumer inflation marginally increases to 10.5pc in August

Asad Umar sides with opposition

ECC approves new tax regime for non-resident firms

BUSINESS RECORDER

Controversial GIDC ordinance withdrawn

Govt to seek guidance from SC: Hafeez

July 2019, Power Discos allowed to raise tariff by Rs1.78/unit

All export facilitation schemes, processes automated

‘Revitalisation of Economy’, Business community for fixed taxation regime

Trade bodies want KIA be declared as calamity-hit area

FBR official rules out ‘mini-budget’

Desperately seeking good news

Story of a controversial ordinance

Income/wealth statement, PTAA urges FBR to place form on IRIS portal

T.M.A AD, RISING THROUGH THE TROUGH

JANG NEWS PAPER

Gas Infrastructure Development Cess, ordnance withdrawn to waive of Rs 208 billion after severe criticism, decision should be taken from Supreme Court. Prime Minister

Finance committee to know reality against waive of GIDC

ECC Meeting, payment of Rs 5 billion 85 crore as subsidy to fertilizer industry

Rs 580 billion tax collected from targeted amount of Rs 644 billion. Advisor Finance

Fuel adjustment charges, electric tariff increase by Rs 1.78/- decided

EXPRESS NEWS PAPER

Decision to take back ordnance to waive of Rs 208 billion, matter referred to Supreme Court

North Karachi industrial area converted into waste kundi

Economy should be free from fault 

Date:  September 04, 2019

DAWN NEWS PAPER

Complaints emerge on new ST refund system

Outcry causes govt rethink of gas cess relief

PM assures magnates of pro-business policies

Ban on import of Indian medicines lifted

Cancer overtakes heart disease as biggest rich-world killer 

THE NEWS INTERNATIONAL

Govt to provide maximum facilities to business community: PM

Govt borrowed only Rs3.44 trillion to finance budget deficit: ministry

SBP takes decision on monetary policy rate this month

Pharmaceutical trade with India to resume

FBR issues 253,000 notices to non-filer industrialists

Cotton production recorded at 1.35 million bales

Use of food item in textiles lamented

Govt to reopen floating rate PIBs

Taxation targets 

BUSINESS RECORDER

TMA and PBEA say escrow account to resolve refund issue

IT concessions to continue after withdrawal of ST zero-rating facility

PM takes stock of economic slowdown

Relaxation in GIDC, Cabinet orders forensic audit

PM takes notice of Rs208bn waiver

GIDC liabilities waived off to bring economic stability: minister

FBR arm issues 250,000 notices to power, gas consumers

Promulgation of amended GIDC ord. draws ire of opposition

Saudi Customs,FBR to exchange real-time information

Textile industry ready to adopt renewable sources of energy: Adil

Verified Rs22bn ST refund to be issued

JANG NEWS PAPER

Rs 208 billion tax exemption, Prime Minister annoyed on twisting reality, instruction to remove ambiguity

Water board enhanced water tariff by Rs 29.5% without Govt’s permission

EXPRESS NEWS PAPER

Zero-Rated Export Sector rejects SRO-918 through which Refund System introduced

Concessionary income tax rate for 5 zero-rated export sector remains

Application with regard to price of gas rejected

SITE Association challenged trade license fee

Forensic audit to be carried out before weaving Rs 208 billion

Date:  September 03, 2019

DAWN NEWS PAPER

Rs210bn GIDC write-off is ‘no free lunch’, says Omar

Power firms seek tariff hike for July

Banks attract Rs690bn in fresh deposits

Exporters get Rs22bn refunds via new system 

THE NEWS INTERNATIONAL

Textiles: spinning threadbare yarn amid looming limbo

Govt collects $30m from Pak expats under Pakistan Banao Certificate

Rs22 bn verified sales tax refunds being released: Shaikh

Govt says waiving GIDC is not a free lunch

Dubai in push to rebalance bloated property market

Govt advised to take cases against private sector from NAB

Economic situation going from bad to worse

ICCI urges govt to bring down interest rate

PM and economic management 

BUSINESS RECORDER

Import stage, FBR to revise valuation rulings: Shabbar

Yarn dealers liable to pay 0.1pc min tax: ATIR

50pc GIDC waiver, There’s no such thing as a ‘free lunch’: govt

First tranche of ST refunds released thru IT module

Govt decides to pay Rs22bn ST refunds: Hafeez

Pasha criticises SBP governor’s ‘flawed’ approach to discount rate

Body formed to examine high cost of electricity

‘Hub Power Co Ltd doesn’t come under GIDC purview’

American Business Council hosts SBP Governor

Punjab urban property tax

First promise to the IMF broken

JANG NEWS PAPER

Sales and income tax refund worth Rs 23 billion 70 crore released. Abdul Hafeez Shaikh

Shortfall in tax collection, reason in reduced imports. Shabbar Zaidi

Govt failed to gain from “Pakistan Banao Certificate” only collected Rs 3 crore dollar

Country’s economic condition is getting bad to worse

Govt decided to form Real Estate Regularity

Pak – China trade, trend to reduce trade deficit

Growth of industries and investment

EXPRESS NEWS PAPER

Decision to form authority to regulate Real Estate Sector

Port Qasim collectorate: more collection of revenue than targeted

Discrepancies in tax return form, problem in filing return

Ginning Factories becomes active after clarification

Date:  September 02, 2019

DAWN NEWS PAPER

Experts term draft renewable energy policy deficient

Factories inspection by tax officials abolished in Punjab

A bad first year

Labour in the age of tech

Benchmarking for Islamic banks

Renewing business confidence

Economic anxiety

UAE: medal for Modi

THE NEWS INTERNATIONAL

FBR starts issuing refunds

The mother of all ills

Deficit disorder

T-axing the golden goose

BUSINESS RECORDER

Govt for downward revision of interest rates?

FMPAC expresses reservations on amended GIDC law

Anti-smuggling drive begins today

Different categories thru online facilityAround 31,000 foreign nationals apply for visas

Impact of withdrawal of SRO 1125 and sales tax special procedure rules on related income tax provisions

Crucial milestone of economic stability achieved: FPCCI chief

System audit of withholding agents: FBR officers? skill,development programme ends today

First Pakistani businessman gets five-year work visa for China

All eyes on Shabbar

JANG NEWS PAPER

90% Revenue target achieved in 1st 2 months of current fiscal year. Chairman F.B.R

Irregularities in property tax assessment to make powers of inspectors zero under consideration

F.B.R started refund to exporters immediately

Why tax collection less?

Federation delegation meet NAB Chairman

EXPRESS NEWS PAPER

297 billion 40 crore revenue collected during August. Chairman FBR

Date:  September 01, 2019

DAWN NEWS PAPER

FBR misses August revenue collection target by Rs50bn

Reduction in prices of petroleum products notified

PBC finds proposed NAB law inadequate

China`s factory activity shrinks for fourth month 

THE NEWS INTERNATIONAL

$1.1 bn import compression: FBR faces Rs68 bn shortfall in July, August

CNG price cut by Rs4.40 for Sept 

BUSINESS RECORDER

Ease of doing business: SECP says pursuing reform agenda

Zero-rated sectors: FBR should increase GST on domestic sales only gradually: Haroon

SBP urged to review its policies for facilitating private sector

JANG NEWS PAPER

F.B.R face shortfall of Rs.68 billion in collection in two months

Chief collector and 2 collectors of Karachi will be replaced from tomorrow 

EXPRESS NEWS PAPER

Tax target not possible without FBR’s reorganization

Abolition of concessionary S.R.O, 150 chemical factories feared to close

16 Pakistani companies participated in International Home Textile Shanghai

Junaid Makda gone abroad, Khurram Shahzad acting president of Karachi chamber appointed

1st E-Commercial policy finalized in country’s history, will be placed in federal cabinet for approval

Saudi Arabia, Pakistan not included in the list of getting tourist visa

Date:  September 29, 2019

DAWN NEWS PAPER

Solar project launched to electrify 10,000 houses across country

THE NEWS INTERNATIONAL

Returns filing staggers to 265,000 ahead of deadline

Cut corporate tax

Simpler taxes

BUSINESS RECORDER

PTBA identifies serious discrepancies in IT return form

Shabbar denies FBR-traders deadlock

LTBA seeks extension in filing of returns up to Dec 31

Minister urges industrialists to introduce substitute of plastic bags


JANG NEWS PAPER

1st E-Commercial policy finalized in country’s history, will be placed in federal cabinet for approval

Saudi Arabia, Pakistan not included in the list of getting tourist visa

EXPRESS NEWS PAPER

No target given by IMF to fix dollar rate Baqar Raza

SMA Rizvi Textile Institute Ad,Date:  September 30, 2019

DAWN NEWS PAPER

Textile barons complain of not getting concessions on exports

Explaining SBP’s interest rate policy (and its results)

Banks’ fight against bad loans

Tourist traffic witnesses sharp increase in five years

‘Take balanced diet, do regular exercise to protect heart’

Business ease

Tax rates

THE NEWS INTERNATIONAL

Saudi Arabia to invest Rs15,682 bn in India

FBR may go slow on condition of CNIC

SNGPL pipeline enters red zone as RLNG pressure goes up

Sindh reiterates resolve to ban single-use plastic bags from tomorrow

BUSINESS RECORDER

Commerce may send summary of ‘eligible’ TOs to PM

CNIC condition, FBR may continue go-slow policy till Jan 1

Inputs imported under concessionary regime, EDB fails to monitor actual consumption

Market-determined exchange rate, Pasha explains increase in Inflation

GSP plus potential: 15x!

MoU signed, Faisalabad to have Expo Centre

Umar versus Sheikh

JANG NEWS PAPER

Saudi Arabia invest Rs 157 trillion in India

Ban on import from Iran, LPG price increased by Rs 12/- per kilo

Pak – US trade increased by 3.56% during 2 month. State Bank

Tax offices across the country would remain open today till 12:00 Night

Saudi Arabia allowed performing Ummrah on tourist visa

My recent visit to Slovenia

EXPRESS NEWS PAPER

Govt’s plan to invest in construction project through black money

Economic difficulties increased due to loan and deficit