TMA HEAD OFFICE
NEWS CLIPPINGS
DATE 05-01-2014
DAWN NEWS
Poor planning leads to hike in fuel prices
ISLAMABAD: The six months of PML-N rule has led to hike in electricity tariff and increase in prices of oil and
gas, for which analysts blame poor policies and weak financial management.
PM’s incentives mobilise dollars
KARACHI: The Prime Minister’s investment scheme that exempts investors from disclosing sources of their
investment has attracted dollars kept in private banks, bankers told Dawn on Saturday.
‘Political stability drawing more investment to Pakistan
ISLAMABAD: Investors are heading to Pakistan to benefit from a newly-elected business-friendly government that
is rolling out an economic programme to aid the struggling economy, a Wall Street Journal report said.
Labour productivity growth of many sectors declining: APO
LAHORE: The country’s labour productivity growth remains a matter of grave concern for all the economic sectors,
ranging from 5.3 percent in community, social and personal services to a negative 4.1 percent in electricity, gas and
water supply between 2000 and 2010.
Pak-EU business forum proposed
KARACHI: At a dinner reception in honour of Governor Punjab Chaudhry Muhammad Sarwar, Dr Mirza Ikhtiar
Baig, Chairman Pakistan Denim Manufacturers and Exporters Association (PDMEA), proposed to form a focal
group Pak-EU business forum on the GSP Plus facility headed by the prime minister.
IMF expresses concern over incentive Package
International Monetary Fund (IMF)) has expressed concern over recently announced incentives initiative to whiten
black money after paying 25 percent more tax than the previous year. According to the IMF''s supplementary
appraisal "first review under the Extended Fund Facility request for non-observance of a performance criterion and
modification of performance criteria,"
Commitment to IMF: AMLA will be amended to combat tax frauds
The government has committed to the International Monetary Fund (IMF) that it will amend the Anti-Money
Laundering Act (AMLA) to include tax crimes in the Schedule of Offences to enable the use of anti-money
laundering tools to combat tax frauds, by end-June 2014.
Inflation: government's claims
Federal Finance Minister Ishaq Dar while briefing the cabinet in the presence of the media with the objective of
dispelling the general inaccurate perception with respect to the state of economy laid the blame for high inflation on
the caretakers as well as the provincial governments not focused on dealing with profiteers.
Energy conservation - the only option – I
We are facing acute Energy Crisis and yet, we do not seem to understand the seriousness of this unfortunate
situation which can bring about total collapse of our economic system. We are talking about new large power plants
at preposterous costs, using imported fuel (the same mistake we did when 1200 MW Hub Power Plant was planned
in 90s) and yet, not caring to see the energy conservation opportunities right under our nose.