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Muhammad Riaz

Post of CEO still vacant: SMEDA loses credibility in market
Print

Post of CEO still vacant: SMEDA loses credibility in market

The Small and Medium Enterprises Development Authority (SMEDA) has started losing its credibility in the market as it failed in making payments to its vendors due to non-existence of its chief executive officer whose post is vacant for the last four month
Published 01 Aug, 2019 12:00am
Tanners for linking DP note mark-up with KIBOR
Print

Tanners for linking DP note mark-up with KIBOR

The Pakistan Tanners Association (PTA) has said that the promissory note against the sales tax refund claims are being issued at 10 percent mark-up whereas KIBOR is almost at 14 percent and it urged the government to link the mark-up of promissory note wi
Published 23 Jul, 2019 12:00am
Shabbar identifies impediments to industry growth
Print

Shabbar identifies impediments to industry growth

Federal Board of Revenue (FBR) chairman Shabbar Zaidi said on Saturday that local industry could not be promoted unless the issues of smuggling, under-invoicing and Afghan Transit Trade are addressed at the earliest. He was speaking at the Lahore Chamber
Published 07 Jul, 2019 12:00am
Shabbar identifies impediments to industry growth
Print

Shabbar identifies impediments to industry growth

Federal Board of Revenue (FBR) chairman Shabbar Zaidi said on Saturday that local industry could not be promoted unless the issues of smuggling, under-invoicing and Afghan Transit Trade are addressed at the earliest. He was speaking at the Lahore Chamber
Published 07 Jul, 2019 12:00am
Shabbar identifies impediments to industry growth
Print

Shabbar identifies impediments to industry growth

Federal Board of Revenue (FBR) chairman Shabbar Zaidi said on Saturday that local industry could not be promoted unless the issues of smuggling, under-invoicing and Afghan Transit Trade are addressed at the earliest. He was speaking at the Lahore Chamber
Published 07 Jul, 2019 12:00am
PTA sends SOS call to Prime Minister
Print

PTA sends SOS call to Prime Minister

Pakistan Tanners Association has urged the government and the policy makers to discuss the issue of withdrawal of zero-rated regime with real stakeholders and not with people having no grassroots knowledge of things. The opinion of outspoken businessmen w
Published 26 Jun, 2019 12:00am
Government urged not to withdraw zero rating regime
Markets

Government urged not to withdraw zero rating regime

Pakistan Tanners Association (PTA) Chairman Agha Saiddain has termed any move to withdraw zero rating as imprudent and unthinking decision. Talking to Business Recorder, PTA Chairman said that withdrawal of zero rating at the cost of revenue collection wo
Published 31 May, 2019 12:00am
Unabated smuggling obstructing local production of radial tyres
Print

Unabated smuggling obstructing local production of radial tyres

Local tyre manufacturing companies, though have plans to start production of radial tyres of trucks and buses to meet the growing demand, find it hard to materialize their plan because of unbridled smuggling of these into Pakistan in absence of any effect
Published 11 May, 2019 12:00am
Ceramic industry perturbed over FTA talks with China
Print

Ceramic industry perturbed over FTA talks with China

The negotiations on Free Trade Agreement (FTA) with China have perturbed local industry according to which the government has failed to protect, even after acknowledging the dumping of goods from China. In context of recent assurance by Commerce Division
Published 28 Apr, 2019 12:00am
Auto dealers fear further decline in sales
Markets

Auto dealers fear further decline in sales

The auto-sector players feared 5-percent decline in the overall sales of automobiles for January-2019 to 22,448 units due to non-issuance of notification regarding withdrawal of restriction imposed on non-filers for purchase of new vehicles.
Published 12 Feb, 2019 12:00am
PTA demands restoration of DLTL on finished leather
Print

PTA demands restoration of DLTL on finished leather

Pakistan Tanners Association (PTA) has demanded of the Federal Ministry of Commerce to restore drawback of local taxes and levies (DLTL) on finished leather that was withdrawn vide SRO 711 (1) 2018 on June 08, 2018. Talking to Business Recorder, PTA Chair
Published 08 Feb, 2019 12:00am
PSMA for steel melting units' registration with RTOs
Print

PSMA for steel melting units' registration with RTOs

The Pakistan Steel Melters Association (PSMA) has said that steel melting furnaces established in the sugar mills should be registered with the regional tax offices concerned for the purpose of sales tax and income tax. The Association in a letter to Fede
Published 06 Feb, 2019 12:00am
Budget FY 2019-20: all taxes to be clubbed into one tax: Umar
Markets

Budget FY 2019-20: all taxes to be clubbed into one tax: Umar

With a view to further improving the ease of doing business, the federal government is taking steps to club all taxes into one tax in the next federal budget following which there will be a single tax collector and businessmen will have to pay a single ta
Published 29 Jan, 2019 12:00am
Budget FY 2019-20: all taxes to be clubbed into one tax: Umar
Markets

Budget FY 2019-20: all taxes to be clubbed into one tax: Umar

With a view to further improving the ease of doing business, the federal government is taking steps to club all taxes into one tax in the next federal budget following which there will be a single tax collector and businessmen will have to pay a single ta
Published 29 Jan, 2019 12:00am