Not likely to increase the scope of FBR plan to succeed

Lahore: Federal Board of Revenue through data available to attempt to catch the thieves for some time a steady increase in revenue growth will be possible to plug the gap that people only cheat the exchequer could be encouraged to . Organizations and individuals within the FBR and has announced plans to bring that to avoid either under or reduce its earnings announcement.

This confirms that FBR's property tax avoiders or below in-fillers provides some insight to be gained through data. Data monthly electricity bills, telephone charges, air travel, property transactions, etc. This is the first time that such a related strategy has been announced is not. With the help of the army in 2000, revenue collectors and through surveys of households and commercial enterprises compiled data for millions. Survey of people living in the richest markets in the posh areas, alarming information about or doing business revealed a large majority of them were paid or not very clear as income level and below the nominal payment of their lifestyle were doing. So CBR (now FBR) through the data to identify new taxpayers announced. Program, however, not take away hard business and industry and society can cause resistance shown by influential sections. Increase the tax base for CBR twice announced and the campaign created by powerful lobbies and thieves failed as obstacles forced them to retreat. Drive drive past abortion declared by the current FBR is similar. Trade and Industry has condemned already calling it a tool for taxpayers upset.

Traders are averse to audit its accounts and, as they want the government to accept returns filed by them under universal self assessment scheme. So much, no sales tax audit as trade and industry from which consumers can pick and they are deposited in the treasury. Governance experts say that because of the money deposited in the country without payment of heavy taxes, the fact that the evidence that the FBR was unable to collect the money was created. "This process still continues. Availability of large quantities of smuggled goods has meant that smuggling and trafficking of first refusal to the import duty revenue generated from goods trade. Smugglers were arrested and FBR, the ratio of tax avoidance has been less compelled to charge. Similarly, goods within the country or something much more absurdly low rates of duty on items allowed, while imports are declared in the invoice as a zero rate or lower fee products. Smuggling of goods under invoicing, false declaration and profiteering that document improper leadership is not leading to illegal money collection. All these factors construction sectors competition from the local paper wipe. Loses revenue because of low productivity FBR. Many local industries respond to smuggling and under invoicing to hide the actual production by avoiding sales tax and other taxes. The tax evasion and a round of the FBR hide the growing income will continue to face resistance will continue in nabbing makes. In fact, in collusion with these income FBR employees were created. 100 percent of their cases in the future FBR reforms through transparency illegal wealth creation should focus on eliminating these opportunities. Meanwhile, civil society and media to the net forward FBR While supporting the same time put pressure on the board of revenue should be kept in his house in order.

Not A Single Dollar From FoDP:Official

Islamabad: Pakistan's current government's economic suffering friends (FoDP), the Tokyo conference promised a $ 5.513 billion and it is feared that the government response, after zero growth budget would slash fast.

Virtually abandoned in midstream because it FoDP Islamabad's difficult economic managers to run the country for the 2009-10 budget as outlays as budgetary FoDP, a senior official of Finance in view of expected arrivals prepared Friday was the ministry said. Country is at war with the terrorists and the world are fighting for the security of its development budget, which would increase poverty has been less compelling. And it could fuel further terrorism in the country. PPP coalition government led by 4.7 percent of GDP difficult target to meet the fiscal deficit as Tokyo announced pledges for budgetary support to Pakistan will was not materialised, official sources on Friday for news secret. Not one dollar has been delivered to Pakistan as the promised one billion dollar commitment is not translated into economic affairs Division (EAD) of one official familiar with the development told this correspondent, but names are not requested. When this issue comment on Finance Minister Shaukat Tarin asked, said: We hope that Pakistan by the end of the second quarter of the current fiscal year will be 500-600 million dollars are. Pakistan also hopes that the first quarter of Tarin FoDP will get the desired amount, but for Islamabad increasingly IMF's 400 million dollars from friends no response had been forced to bridge the gap.

Central Bank at the end of its first quarter report admitted that FoDP word, which is a state of serious budget constraint of the painfully slow pace of materialisation, the government has disrupted the economy through fiscal stimulus is trying reflate. Central bank's report also highlighted significant improvement in investor sentiment, but recent high profile terrorist attacks throughout the country to improve flood is expected to continue in between. In the first quarter of fiscal 2009-10 FY deficit 1.5 percent of GDP GDP reduction in revenue due to borrowing more than the target of 1.3 percent was recorded. The report shows that the SBI program of fiscal and current account deficit helped deal. Fiscal deficit during fiscal year 2008-09 from Rs777.2 billion in the previous year dropped Rs680.4 billion. Doing away with the part of the energy was received relating to subsidies. However, SBP said, cuts in government spending on the development of measures S as less related to it badly affected the manufacturing industry was welcomed. For the current fiscal year, SBP fiscal and current account deficit is estimated at 5.2 per cent and 4.7 per cent of GDP will be between. Last year, two losses were 5.2 per cent and 5.3 per cent, respectively. 18 friendly countries with donors multilateral donors held in Tokyo on April 17, 2009 had announced a $ 5.513 billion budget support and funding mode, project finance, trade finance these pledges of $ 5.513 billion, and in Japan, etc. was one billion dollars the United States had announced a pledge, while Australia had offered $ 300m, 96m $ $ 264m European Commission, France, Germany 125m $, Iran 330m $, IDB 250m $, Italy 86m $, Kuwait Fund 49m $, Netherlands $ 121 m, New Zealand 0.58m $, $ 200 m Korea, Saudi Arabia Fund says, 700m $, $ 27m Spain, Sweden 5m $, Turkey $ 100 m, United Arab Emirates Fund 300m $, Asian Development Bank $ 300 and the World Bank 300m $, with an official paper available news.

DCO Apprised Of PQA s Water,Power Problems

Karachi: India's operators Port Qasim Authority (PQA) the second largest port and its 12,000-acre industrial estate waste S, shortage of water and often in business activities that affect breaking power are facing problems like negative is, PQA Chairman Vice Admiral Asad Qureshi (retd) said in a conference Saturday evening.

In addition, Port Qasim Trade and Industry (PQATI) police and civilians Association Contact Committee (CPLC) Port Qasim in all industrial sectors for the project after neighborhood in law and order situation of the region have agreed to begin testing . The water shortage is creating problems for us, and the problem of electricity supplied by the KESC is giving us more water, Qureshi has urged the Karachi DCO Javed Hanif Khan, while two different times your head during Annual Conference on highlight achievements achieved by PQA PQATI faced by the industry: Challenges for treatment and future prospects of industrialization in a local hotel. Various circles of society, industrialists in the conference, including businessmen, attended by, representatives of civil society and media, PQA and other government departments and Iran, Russia, Malta, foreign diplomats and officials from countries such as

Major new initiatives taken by his PQA results to improve business enabling environment in the country highlighted. Earlier, in his address PQATI President Mohammed Ahmed, highlighting his association to promote industrial activities in the Port Qasim industrial estate endeavor S, also on the sewer line to provide PQA PQA Chairman requested the North West industrial area S. earliest. , PQATI Honorary Finance Secretary Shakeel Ashfaq, Port Qasim on a night guide various problems, including theft of goods PQA, highlighting, poor materials and lack of facilities for the Railways like Dispatches sewerage, roads, street lighting, etc. as PQA industrial estate infrastructure CPLC chief Sharfuddin Memon, criticality, and a good law and economic development and foreign investment flows to the importance of a smooth order situation in view of the neighborhood said CPLC and care project to PQATI were planning, that place was already four in the city. DCO Karachi Javed Hanif Khan, the notion that existed in a desperate situation and that the PQA sector development in neglected areas, a proper system for the field, where he said, was proposed for the development of viable strategies testament about dispelling 400 industrial units were working. Underscored his government's efforts of DCO and the city's business community to promote industrial activities in Karachi S and pledged their support to the view S. PQATI Vice President Osman Ahmed, the conference said that facilitate PQATI soon organized roundtable on industry as a PQATI government was planning. In recent days Jan Rashid Mohammed opportunities and threats faced by industry and a very practical and pragmatic solutions through discussions. Zubair Habib, CEO, National Industrial Parks others (Japanese) is involved, said, Zaheer A. Hussain, CEO Pakistan Textile City Limited, Qaiser Sharif, country manager, P and G, Asif Qadir, President of Engro Polymer and Chemicals Limited and Guardian chief PQATI naeem Ilyas Khanani, who for a long time, industrial policy is needed to reduce unemployment and improve law and order situation emphasized. He announced that the series soon to start PQATI roundtable conferences will have a long-term industrial policy

Banking System Resilient Against Risks

Karachi: India's banking industry improve solvency position of SK through the major risk factors continued to show resilience against, State Bank of Pakistan for the quarter ending June 2009 according to the quarterly performance review of the banking system S . Says, however, increased credit risk for banks remained the major source of concern, review the report released Friday.

That this increase in non-down loans (NPLs) during the performance and submit a quarterly increase of 8.2 per cent stronger after showing lethargy. During the first six months of 2009 banks profit before tax of Rs28.6 billion posted in April, while 13.5 percent improvement in risk-based capital for the banks -2009 June (12.9 percent in Jan, March 2009 for the adequacy ratio (CAR) ). Increase in equity as a car as well as due to lack of risk-weighted assets at banks lending to riskier private sector debt in their asset mix public sector and government documents were transferred in reform, the report said. It said the banking system's asset base grew by 6 percent in the quarter to Rs6, 087 billion to reach. Asset mix, however, as witnessed significant changes to banks to focus on government paper and public sector debt continued. A 5 percent increase in advances mainly credit and public sector enterprises operate objects (public sector) for the public sector had contributed. However, due to increased credit risk as well as private sector demand for loans less than S, the private sector lending to banks declined by 1.8 percent, it said. According to the report, NPLs quarter and 4.9 per cent rise in the ratio of infection was less than 11.5 percent. However, loan loss provisions due to an increase, pure infection ratio June, 2009, 3.7 per cent decline (Mar09 at 3.9 per cent) 70 per cent of NPLs and provisions set. During the quarter loan loss provision earnings more impressed, however. Corresponding period of last few years of pre-tax level is lower than, CY08 was more than a full year's results, reported return on assets of 1.7 percent added.Courtesy though.

WAPDA Dues Against PEPCO Cross Rs40bn

Lahore: Pakistan Electric Power Company (PEPCO) Water and Power Development Authority owes more than Rs40 billion - the biggest and cheapest supplier of electricity. News has learned that WAPDA, who control a year ago, a serious financial crisis due to PEPCO PEPCO has been stopped for hydro at Rs40 billion that officials regularly as with independent power producers have been facing supply.

Authority in this regard within tight but WAPDA officials, sources confirmed that against PEPCO in arrears has reached dangerous proportions are lipped. He said that on an average of WAPDA PEPCO per unit of supply from Rs1.07 that many electric power utility buys from the private sector or self generated from thermal plants is often cheaper. It is learned that the Finance Department stopped when other electricity suppliers WAPDA arrears are being paid for the release of funds has been requested with both PEPCO and the Ministry of Water and Power was. It was found that the authorities ignored the request. It revealed that when the final amount of Rs85 billion to its loan PEPCO arrangements for clearing a few weeks back was, WAPDA at least Rs20 billion against WAPDA 50 per cent less than the amount of liabilities PEPCO requested payment did. Even the request was rejected. Engineers are at a loss related to power non-payment of dues-WAPDA understand the rationale. He said that allegations that the thermal power for electricity suppliers to supply more benefits contrary, WAPDA is providing electricity at a profit. He said that the generator supplying electricity WAPDA in order to maintain the dams and regular payment of electricity needs.

Engineering experts have warned that stopping power and water reservoirs WAPDA Power Authority outstanding S. adverse health affects productivity. 6,500 MW of electricity by WAPDA during peak generation PEPCO water supply. PEPCO power supply at all IPPs combined. Power company IPPs charge Rs5-7 per unit. He said debt circular absence PEPCO first few independent power production unit to stop irreversible result of payments to IPPs and also Pakistan's State oil and oil refineries as a potential effect of non affected by payment to IPPs was passed on was created in the oil refineries in turn passed the PSO. In the case of non payment of outstanding WAPDA by PEPCO in the country's key water reservoirs will be killed. This shows that have some kind of generator to maintain power dams and WAPDA experts now warn that the Authority will soon have all our resources and reserves maintenance of large dams are not affected if the stop payment must be consumed had to. He also said that adverse water storage and hydropower production and irrigation system for the country's many development projects will impact.

Common Mans Quest For Rs.40/kg Sugar Still Continues

Karachi: Supreme Court notice to take sugar millers have decided to instructions and orders of federal government S is a concern as far as selling the Chinese Rs.40/kg. Chinese provincial governments completely failed to reduce the price. Available in Chinese Rs.48/kg Karachi, Rs.46 while the Rs.52/kg Peshawar and Quetta, Lahore 48/kg.

Punjab Law Minister Rana announced Sanaullah that the Chinese will be available on Tuesday Rs.40/kg Province. Violator jail three months and 5, 000 will be punished immediately. Karachi city district government official said Javed Hanif Khan coordinate all magistrates believe that the Chinese should be available Rs.40/kg and violator will be punished to have been directed. On the other hand, general secretary of the Karachi Retail Grocers Group, said Chinese Qureishi Farid was purchased at high rates and the sale of the Chinese Rs.40/kg only be available on the wholesale market Rs.38/kg possible

Oil Lower In Asian Trade

Singapore: Oil Asian trade Tuesday as dealers in the relaxed pace of reform for the U.S. economy continues to evaluate, the world's biggest energy user S, analysts said. New York's main contract for November delivery, light sweet crude S dropped 70.36 cents to five dollars a barrel. Brent North Sea crude oil for delivery in November to $ 67.95 a barrel fell nine cents.