Imran Ali Kundi

  • ISLAMABAD -  The government on Saturday directed Pakistan International Airlines (PIA)'s management to draw up a comprehensive two-year plan by January 26 to pull itself out of financial constraints. The government would submit the revival plan for PIA to Prime Minister Nawaz Sharif for ...

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  • ISLAMABAD -  After a long time, Pakistan's textile exports recorded positive growth of 0.02 percent during December 2016. The country exported textile-made items worth $1.036 billion during December 2016 as against $1.035 billion in December 2015, registering a minor growth of 0.02 ...

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  • ISLAMABAD -  The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved additional guarantees of Rs10.5 billion to cater for financial needs of Pakistan International Airlines Corporation Limited (PIACL). The ECC has also approved disbursement of salaries for the month of ...

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  • ISLAMABAD - Upon the retirement of Federal Board of Revenue (FBR) Chairman Nisar Muhammad on Tuesday, Finance Minister Ishaq Dar has assigned Dr Muhammad Irshad, Member (Operations-Inland Revenue) to look after the tasks of the FBR chairman till the appointment of a regular chairman. Nisar has ...

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  • ISLAMABAD -  The Privatisation Commission (PC) on Tuesday agreed to a proposal to lease out the Pakistan Steel Mills (PSM) for 30 years after the government failed to privatise or revive it. The PC's board has approved the transaction structure proposed by its financial advisers for the ...

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  • ISLAMABAD - Finance Minister Senator Ishaq Dar on Monday directed Ministry of National Food Security and Research to ensure uninterrupted supplies of fertiliser to the farmers as per direction of Prime Minister Nawaz Sharif. The finance minister gave these directions while chairing a meeting here ...

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  • ISLAMABAD -  The government has decided to continue with exporting sugar despite commodity price increased in the domestic market from last few days. "An inter-ministerial committee other day has not decided to withdraw the decision of exporting sugar," said an official of the Ministry of ...

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  • ISLAMABAD -  Finance Minister Senator Ishaq Dar on Friday has taken notice of missing tax collection during first half (July-December) of the ongoing financial year and urged Federal Board of Revenue (FBR) to undertake all necessary efforts to make up the revenue shortfall. He was chairing a ...

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  • ISLAMABAD - Large-scale manufacturing (LSM) recorded growth of 3.24 percent during five months (July-November) of the ongoing fiscal year on an annual basis. In November 2016, the LSM grew 4.75 percent over the corresponding month of the last year, according to figures issued by the Pakistan Bureau ...

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  • ISLAMABAD - In Pakistan, health is not top priority for the federal and provincial governments in terms of spending budget, as they spent more money on building roads and highways instead of improving health facilities in the country during previous fiscal year. According to documents of the ...

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  • ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the proposal of Ministry of Water and Power to extend the closing date of collection of Neelum Jhelum Surcharge at Re0.10/kWh up to June 30, 2018, for the Neelum Jhelum Hydropower Project. The ECC meeting was ...

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  • ISLAMABAD -  Prime Minister Nawaz Sharif on Tuesday unveiled a “Trade Enhancement Initiative” worth Rs180 billion to shore up country's declining exports. "The package will strengthen the country's economy as exports will increase. The package will help in ending poverty, ...

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  • ISLAMABAD -  The government is all set to announce an incentive package for boosting country's exports that had declined by 3.8 percent during first half (July to December) of the current fiscal year over a year ago. Prime Minister Nawaz Sharif will announce the package aimed to enhance the ...

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  • ISLAMABAD -  Senate Standing Committee on Finance Chairman Senator Saleem Mandviwalla on Saturday rejected the audit policy of the Federal Board of Revenue (FBR) that selected 93,277 tax cases for audit through computerised balloting by saying the policy would ‘harass’ existing ...

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  • ISLAMABAD - The Economic Coordination Committee (ECC) of the federal cabinet on Friday granted Rs20 billion tax exemptions for the import of equipment to be installed for the Lahore Orange Line Metro Train Project. The ECC approved the proposal of the Planning, Development and Reform Division at ...

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  • ISLAMABAD - The Federal Board of Revenue (FBR) has selected 93,277 tax cases for audit through computerised ballot. Parametric computer ballot as per Audit Policy 2016 was held on Thursday for selection of cases for audit for tax year 2015 and tax period July 1, 2014 to June 30, 2015 in respect of ...

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  • ISLAMABAD -  Following massive shortfall in tax collection during first half of ongoing financial year, the government is either to slash the development budget or to impose new taxes to restrict the budget deficit within target. The government had budgeted to keep the deficit at 3.8 percent ...

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  • ISLAMABAD - The federal government has asked provinces to identify sensitive areas before conducting population census in the country from March this year. "The government will hand over list of sensitive areas to army," said Chief Statistician of Pakistan Bureau of Statistics (PBS) Asif Bajwa. He ...

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  • ISLAMABAD -  Inflation rate has remained at 3.9 percent during first half (July-December) of the ongoing financial year. For the year 2016-17, the government had set the inflation target at 6 percent. The latest figures of Pakistan Bureau of Statistics (PBS) showed that inflation has recorded ...

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  • ISLAMABAD -  The Federal Board of Revenue (FBR) has faced massive shortfall of over Rs155 billion in tax collection during first half (July-December) of the ongoing financial year 2016-17, The FBR has provisionally collected Rs1460 billion during July-December of FY2017 as against the target ...

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  • ISLAMABAD - As a New Year gift, Prime Minister Nawaz Sharif has turned down a summary forwarded by the Oil and Gas Regulatory (OGRA) Authority recommending an increase in prices of petroleum products up to 16 percent. The price of petrol and high-speed diesel (HSD) would remain unchanged till ...

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  •  ISLAMABAD -  A parliamentary committee on Friday expressed concern over declining exports in the last couple of years and directed the Ministry of Commerce to explore international markets for exporting goods through its representatives posted in Pakistani missions abroad. The Standing ...

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  • ISLAMABAD -  The Senate Standing Committee on Finance and Revenue yesterday approved the Benami Transaction Prohibition Bill 2016 with certain amendments that included reward for the whistleblower for detection of Benami property or transaction. After approval of the bill from the Senate, the ...

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  • ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Wednesday decided to export 225,000 metric tons of sugar despite commodity price has recorded increase in the country. The ECC under the chair of Finance Minister Senator Ishaq Dar has allowed exporting 225,000MT of sugar after ...

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  • ISLAMABAD -  The government has taken more than $3 billion loan during five months (July to November) of the current fiscal year, following its policy on taking foreign loans. The country’s overall debt and liabilities stood at $22.5 billion during the year 2016, which is far above than ...

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  • ISLAMABAD -  The government on Monday once again clarified that it had not yet decided to demonetise Rs5,000 note. The Senate last week passed a resolution seeking withdrawal of Rs5,000 currency notes from circulation in order to curb the flow of black money. The upper house of the parliament ...

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  • Islamabad -  Pakistan-Uzbekistan Joint Business Council may be established to increase cooperation between the private sectors of the two countries, said Commerce Minister Khurram Dastgir Khan on Thursday. “Pakistan and Uzbekistan must explore investment opportunities in Agricultural, ...

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  • ISLAMABAD - E-commerce Policy Board held its first meeting on Wednesday and decided that holistic regulatory framework would be examined in consultation with all stakeholders to promote and ease e-Commerce. It is pertinent to mention here that in August 2016, Prime Minister Nawaz Sharif had shown ...

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  • ISLAMABAD -  Textile exports went down by 1.94 percent during five months (July-November) of the current financial year. The country exported textile goods worth of $5.1 billion during July-November period of the FY2017 as against $5.2 billion of the corresponding period of the last year. The ...

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  • ISLAMABAD -  A parliamentary committee on Tuesday directed the Competition Commission of Pakistan (CCP) to propose amendments in the Competition Act, 2010 for its strengthening and fostering competition in order to protect consumers from anti-competitive practices. The Standing Committee on ...

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