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pAkIStAN’S FIrSt INDepth NewSpAper oN cuStoMS

Daily

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Karachi, Thu January 5, 2017

ISLAMABAD

M FAIZAN

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F

inance Minister Ishaq Dar chaired a meeting on Monday to review the economic performance of the country during the Oirst six months of the Oiscal year 2016-17. The Oinance minister noted that the GDP growth appeared to be on upward trajectory and inOlation was steady below 4 percent in December 2016. The

average inOlation during the corresponding period was recorded at 3.88 percent, reOlecting continued price stability. Dar added that the Federal Board of Revenue’s performance increased by 7 percent during the period. The department also experienced shortfall in initial months, largely on account of giving relief to consumers on petroleum products together with sales tax refunds of Rs 45 billion. On the expenditure side, the performance was on track as expenditure was allowed in a pru-

Vol 2, Issue No. 66

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dent manner in accordance with budget. The Oinance minister, while expressing satisfaction on recent economic performance, noted that economic activities are picking up, investments are taking place, particularly in CPEC-related projects which would further accelerate economic activities. After the recent understanding with Chinese authorities, the scope of CPEC has been extended by including water security, Karachi Circular Railway, mass transit program for Balochistan.

FBR collects Rs 51m from real estate sector in first 20 days of amnesty scheme

AIB Appraisement West registers FIR against importer, clearing agents

Senate body urges private banks to support textile industry

DC Asma issues notice to suspect involved in smuggling of Iranian diesel

GwadarCustoms exceeds revenue collection target by 67%,collects Rs 11.9b in H1

The FBR has collected Rs 51 million income tax out of 1,919 transactions of land | See pAge 02 |

The AIB of the Customs Collectorate AppraisementWest has registered an FIR | See pAge 03 |

SBP Governor Arshad Wathra reiterated the govt resolve to revive the textile | See pAge 04 |

The Customs Adjudication DC Asma Hameed has issued a show cause notice | See pAge 10 |

The Gwadar Customs Collectorate has exceeded the revenue collection target | See pAge 16 |


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