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NPMC takes notice of wheat flour price disparity

NPMC takes notice of wheat flour price disparity
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Waqar Masood , Hafeez Shaikh , Utility Stores Corporation , Pakistan Bureau Of Statistics , Competition Commission Of Pakistan , Ministry Of Industries , National Food Security , Services Corporation , National Price Monitoring Committee , Research Fakhar Imam , Revenue Hafeez Shaikh , Production Hammad Azhar , Special Assistance , Prime Minister , Revenue Waqar Masood , Competition Commission , Pakistan Bureau , Pakistan Agricultural Storage , வகார் மசூட் , ஹபீஸ் ஷேக் , பயன்பாடு கடைகள் நிறுவனம் , பாக்கிஸ்தான் பணியகம் ஆஃப் புள்ளிவிவரங்கள் , போட்டி தரகு ஆஃப் பாக்கிஸ்தான் , அமைச்சகம் ஆஃப் தொழில்கள் , தேசிய உணவு பாதுகாப்பு , சேவைகள் நிறுவனம் ,

Govt nods to tax policy unit under finance division's control

Govt nods to tax policy unit under finance division’s control
Business
February 12, 2021
ISLAMABAD: The government on Thursday approved establishment of a tax policy unit under the administrative control of the finance division despite an opposition by the Federal Board of Revenue (FBR).
The FBR wanted to keep the policy unit under the domain of the revenue division but the government did not accommodate its wish. On the advice of multilateral lenders, the government decided to move ahead to separate policy from enforcement matters, according to people familiar with the matter.
The decision was taken during the 5th meeting of the FBR Policy Board. Minister for Finance Hafeez Shaikh directed the FBR to expedite the process of releasing income tax refunds less than Rs50 million to uphold the committment of the government. ....

Mohammad Mian Soomro , Waqar Masood , Ishrat Hussain , Hafeez Shaikh , Razak Dawood , Complaint Oversight Committee , National Tariff Commission , Federal Board , Finance Hafeez Shaikh , Privatization Mohammad Mian Soomro , Prime Minister , Commerce Razak Dawood , Institutional Reforms , Austerity Ishrat Hussain , Special Assistant , Revenue Waqar Masood , Policy Board , Policy Unit , Oversight Committee Chairman , வகார் மசூட் , இஸ்ராத் ஹுசைன் , ஹபீஸ் ஷேக் , ர்யாஸக் தாவூத் , புகார் ஓவர்‌ஸைட் குழு , தேசிய சுங்கவரி தரகு , கூட்டாட்சியின் பலகை ,

Govt to set up Tax Policy Unit

Govt to set up Tax Policy Unit
Body will highlight revenue leakages, suggest measures to boost tax collection
Shaikh directed FBR to expedite process of income tax refunds of less than Rs50 million (each recipient) to uphold commit-ment of the government to facilitate taxpayers. PHOTO: NNI
The PTI government has approved the establishment of an independent Tax Policy Unit (TPU) with the objective of improving taxation governance, as it would point out revenue leakages in the system, recommend rationalising rate of taxes and suggest measures to mobilise higher revenue in tax collections.
The creation of TPU would partially withdraw the powers of policy making for taxation from the Federal Board of Revenue (FBR), but improve its function to collect revenue in taxes in the country. ....

Abdul Hafeez Shaikh , Mohammad Mian Soomro , Waqar Masood , Ishrat Hussain , Abdul Razak Dawood , Complaint Oversight Committee , Medium Enterprises Smes , National Tariff Commission , Economic Coordination Committee , Revenue Division , Ministry Of Industries Production , Ministry Of Finance Division , Ministry Of Commerce , Technical Committee , Tax Policy Unit , Federal Board , Finance Division , Revenue Abdul Hafeez Shaikh , Privatisation Mohammad Mian Soomro , Commerce Abdul Razak Dawood , Institutional Reforms , Austerity Ishrat Hussain , Revenue Waqar Masood , Policy Board , Policy Unit , Oversight Committee ,

Pay Rs161bln instantly to IPPs: ECC

Business
February 9, 2021
ISLAMABAD: The government has decided to pay outstanding amount of Rs403 billion to 46 independent power producers (IPPs) and Rs161 billion will be released instantly, sources said on Monday.
The sources said the payment of Rs403 billion will be made in two instalments. First instalment will be 40 percent of the payable and will be paid one-third each in five-year sukuk and 10-year Pakistan Investment Bonds, while remaining 60 percent will be cleared within six months of the first instalment via the similar means.
Release of the payments will help ease pressure on companies and reduce circular debt. The Economic Coordination Committee (ECC) of the cabinet took the decision during a meeting chaired by Minister for Finance and Revenue Hafeez Shaikh. ....

Prime Minister , Asad Umar , Waqar Masood , Hafeez Shaikh , Ishrat Hussain , Reza Baqir , Tabish Gauhar , Energy Omar Ayub Khan , Implementation Committee , Land Commission , Economic Coordination Committee , Ministry Of Energy , Pakistan Investment Bonds , Revenue Hafeez , Special Initiatives Asad Umar , Federal Minister , Institutional Reforms , Austerity Ishrat Hussain , Special Assistant , Revenue Waqar Masood , Power Tabish Gauhar , State Bank , Pakistan Governor Reza Baqir , Energy Secretary , Finance Division , Federal Land Commission Chairman ,

Industries ministry asked to offset imported inflation impact

Industries ministry asked to offset imported inflation impact
Business
December 15, 2020
ISLAMABAD: The government on Monday asked the ministry of industries to take measures to mitigate the impact of increase in international prices of vegetable ghee on domestic market, while reiterating improved vigilance from provincial authorities to curb poultry price hike.
Finance Minister Hafeez Sheikh lauded the efforts of the ministries/department and the provincial governments for keeping the prices of essential commodities in check. He urged the provincial governments to ‘strictly’ monitor the prices of chicken and ensure smooth supply to minimise the gap in supply and demand.
Shaikh was addressing a meeting of the national price monitoring committee. Provincial authorities were also asked in the previous meetings to control prices of chicken that had more than doubled in a couple of months. They were advised to tackle price disparity in wholesale and retail ma ....

Waqar Masood , Hafeez Sheikh , Utility Stores Corporation , Economic Coordination Committee , Minister Hafeez Sheikh , Production Hammad Azhar , Special Assistant , Prime Minister , Revenue Waqar Masood , வகார் மசூட் , ஹபீஸ் ஷேக் , பயன்பாடு கடைகள் நிறுவனம் , பொருளாதார ஒருங்கிணைப்பு குழு , அமைச்சர் ஹபீஸ் ஷேக் , ப்ரொடக்ஶந் ஹம்மட் அஜார் , சிறப்பு உதவியாளர் , ப்ரைம் அமைச்சர் , வருவாய் வகார் மசூட் ,