K-P revenue authority generates Rs34b in Taxes
Express Tribune (December 7, 2017)
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PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) has generated Rs34 billion in tax collections since its inception in 2013, according to KPRA
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Director General Tahir Aurakzai, adding this amounts to 56% of provincial tax revenue collected in 2016 and 2017. Speaking at a multi stakeholder’s awareness and
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sensitization session on the revenue generation by KPRA, Aurakzai
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40 percent growth witnessed in company incorporations during November 2017
Pakistan Observer (December 6, 2017)
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) during the month of November 2017 registered 881 new companies. As compared to
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the corresponding month of last financial year, it represents a growth of 40 percent. The new incorporation raised the total number companies registered
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with SECP to 84,201. The massive increase in number
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US tax overhaul will increase debt and interest costs
Pakistan Today (December 5, 2017)
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WASHINGTON: A U.S. tax overhaul will increase the government’s need to issue more Treasuries as interest costs on the country’s debt become a larger drain on the
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budget. The U.S. Senate on Saturday approved a tax rewrite, which the Congressional Budget Office has estimated would double the deficit over the coming
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decade to around $2.8 trillion. That would add to the worsening
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Canada economic growth slows to 1.7pc in 3Q
The Nation (December 4, 2017)
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OTTAWA – Canada’s economy grew at a much more modest annualized rate of 1.7 percent in the third quarter, as Canadians curbed their spending, the government
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statistical agency said. Exports fell while imports were flat, business investment weakened, and household outlays pulled back slightly from the previous quarter
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said Statistics Canada. The figure was close to the 1.6 percent growth
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Pakistan’s economy has a bumpy ride ahead but the future is bright, study says
The DAWN by Afshan Subohi (December 4, 2017)
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PAKISTAN’S future holds promise despite all what people experience, read and hear in a country that seems to fray at the edges. It would sure be a bumpy ride ahead
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but there is slim chance of a derailment, a study says. The picture ‘Pakistan State of Future Index’ paints is not a grim one, and, with right adjustments, the chances are
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real that the country could become a fairly stable, growing state
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FBR notches 20pc increase in revenue collection for July-November 2017
Pakistan Today (December 2, 2017)
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ISLAMABAD: Tax collection went up by 20 per-cent during July-November period of financial year 2017-18 touching Rs1.302 trillion, the Federal Board of Revenue
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revealed on Thursday. During November, FBR collected Rs270 billion, rising 24 per-cent compared to same period last year (SPLY) but still recording a deficit of Rs24
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billion, reported Express Tribune. Tax refunds of Rs13 billion were
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Study urges involvement of all stakeholders in budget preparation
The News (December 1, 2017)
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PESHAWAR: A study conducted by the Centre for Peace and Development Initiatives (CPDI) suggested that there was a dire need to discuss the district budgets
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with citizens groups, civil society and media for achieving the local development agenda. 
It said there were several lacunae in the district budgets
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due to the absence of planning officers. The study said the local body
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India’s economy rebounds from three-year low
Business Recorder by Parvez Jabri (December 1, 2017)
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NEW DELHI: India’s economy picked up in the second quarter, official data showed Thursday, rebounding from a sharp slump in the wake of government reforms that
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dragged growth to three-year lows. Figures from the Central Statistics Office showed Asia’s third-largest economy accelerated after five quarters of slowing growth, as the
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impact of a sudden cash ban and launch of a nationwide tax receded. GDP
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With fiscal deficit at 1.2pc, first quarter shows strong financial performance
Business Recorder by Fawad Maqsood (November 29, 2017)
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ISLAMABAD: With fiscal deficit recorded at 1.2 per cent of the gross domestic product (GDP), the federal government’s financial operations and debt statistics
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for first quarter of the current fiscal year show strong performance and prudent expenditure. On one hand, revenue collection, especially tax revenue collection,
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registered a strong growth of over 20 per cent during the first quarter
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Govt. puts ADB’s $990-million smart-meters project on hold
Express Tribune by Shahbaz Rana (November 29, 2017)
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ISLAMABAD: In a development that may affect relations with a Manila-based lending agency, Pakistan has decided to put on hold a $990-million (Rs105 billion) smart metering project
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that was meant to introduce advanced infrastructure in power distribution companies. The Asian Development Bank (ADB) wanted Pakistan to implement the Advanced
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Metering Infrastructure (AMI) project, but the Ministry of Power and
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Tackling trade deficit by facilitating exports
Express Tribune by Aadil Nakhoda (November 27, 2017)
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KARACHI: The Pakistan Bureau of Statistics (PBS) reported that the trade balance deficit in FY17 stood at $32.6 billion. This was an increase of more than 36%
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over the value reported in FY16. Imports increased by more than 18%, while exports decreased by 2%. Although the relative decline in exports is marginal, it is disconcerting
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that exports are currently at $20 billion. On the other hand, imports have increased
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Concerns over delay in PFC award
Dawn (November 24, 2017)
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TOBA TEK SINGH: The Centre for Peace and Development Initiatives (CPDI) has expressed concerns over a delay in the announcement of Punjab Provincial Finance
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Commission (PFC) award. In a press conference here on Thursday, CPDI District coordinator Muhammad Shahid said the process of devolution was incomplete
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without a formula to share the provincial divisible pool among the local
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