Stories from Shahbaz Rana
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Naming and shaming: Cabinet ministers, MPs pay nearly twice as much in taxes in 2014
Over 11% legislators refuse to file tax returns, overall tax base falls well short of FBR target
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Stock float: Investors offer $1.4 billion for HBL shares
Issue fully subscribed on fourth day of book-building process.
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Key decisions: ECC approves 23-year tax holiday for Gwadar Port
Also allows Arif Habib Group to invest $300m in US, gives tax break to Elengy Terminal.
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Bilateral ties: US concerned over law regulating foreign-funded NGOs
Olson asks for expediting approval of Arif Habib’s investment in US
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LNG confusion: Tax authorities refuse to provide exemptions to ETPL
Govt’s backing off can make floating terminal financially unviable.
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Govt to raise power tariffs by 3%
The Rs0.36 per unit surcharge will be levied to recover the additional cost of power generation and distribution
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Understanding: Pakistan says yes to increasing reserves to $15.43b by June
IMF wants country to shore up foreign currency kitty.
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Privatisation Commission: Too low a floor as CCoP says Rs166 per share for HBL
Government set to offer its 41.5% stake in bank; book building to begin today.
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EU’s countervailing duties: WTO sets up panel to study Pakistan’s complaint
European Union had imposed 5.1% duty in 2010 blaming the country for trade-distorting subsidies.
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Liberalising commerce: Second phase of tariff reforms to kick off in July
Duty rates and slabs will be reduced to open up trade with other countries.
