Director of Materials - Vacutech, LLC - Sheridan, WY

This position requires working with our manufacturing personnel, CAD designers, sales team, internal and external project managers, and building long-term,...
From Indeed - Thu, 26 Apr 2018 15:09:49 GMT - View all Sheridan, WY jobs

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No intention for IMF bailout package, says Miftah

Federal Minister for Finance Miftah Ismail briefs the media persons during post budget press conference. -APPISLAMABAD: Federal Minister for Finance Miftah Ismail Saturday said the federal budget for the year 2018-19 was balanced and focused on maintaining growth momentum gained during last five years, dispelling the impression that the government eyed on the upcoming election in the fiscal plan.Addressing the Post Budget Press Conference along with Advisor to the Prime Minister on Revenues Haroon Akhtar Khan, Federal Secretary Finance Arif Khan and Chairman Board of Revenue (FBR) Tariq Pasha, the minister said the budget was growth and relief-oriented.He said that it was the 6th budget of the incumbent government and efforts were made to provide maximum relief to the people.The government, he said, had proposed several measures for the uplift of industrial sector. Special incentives were provided to the manufacturing sector for enhancing exports, with imposition of duties to discourage import of luxury goods, he added.He said all major micro-economic indicators were showing resilience as exports witnessed about 24 percent growth during the last month and inflation reduced to a single digit. The government was determined to curtail the budget deficit, he added.Miftah Ismail said the government had secured $1 billion financing, which would help raise the level of foreign exchange reserves.The government, he said, had no intention for getting any bailout package from International Monetary Fund (IMF) as an effective strategy had been put in place that would help improve the national economy.“We have no intention to go for the bailout package. Efforts are being made to avoid the same,” he remarked.He expressed the confidence that foreign exchange reserves would further improve in the coming days due to prudent policies introduced by the government.Advisor Haroon Akhtar while speaking at the press conference, said the government had more than doubled the revenue collection, witnessing 20% annual growth rate and contained inflation at 4.5% during its five-year tenure.He said the provincial share from the divisible pool had increased from Rs 1300 billion to Rs 2300 billion.Haroon said the Federal Board of Revenue (FBR) had taken visionary measures to facilitate taxpayers. The selection for audit in respect of all three taxes – Income Tax, Sales Tax and Federal Excise Duty – had been made risk-based and a case would not be audited more than once in three years for each tax, he added. The salaried class, he said, had been exempted from audit.He said previously grant of stay by the Commissioner (Appeals) was subject to payment of 25% of tax liability, which had now been reduced to 10%.The advisor said the decision of Alternate Dispute Resolution Committee had been made binding while the powers of commissioners were transferred to the FBR.Talking about promotion of exports, Haroon said the government took several measures for promotion of export of textile and other products. The measures included reduction in mark-up rates of LTFF and ERF to historic lows of 5 percent and 3 percent respectively, duty free import of textile machinery, uninterrupted supply of gas and electricity to the industry, zero-rating of five key export sectors, and introduction of Rs180 billion export package.He said that the government had also proposed steps in the current budget to protect local industry for reducing dependence on imports. Tax relief was given to dairy and agricultural sector, he said, adding that relaxation in taxes were announced to promote film industry.He rejected the misconception that the current budget was not a revenue generating one, saying the government had introduced many initiatives for revenue generation.The advisor said the super tax had been proposed to be continued for the financial year 2018-19, however, its rate might be reduced by 1% for both banking and non-banking companies.The super tax, he said, was imposed in 2015 for the rehabilitation of internally displaced persons, which continued in 2016 and 2017. Currently it was being charged at 4% on banking companies and 3% on non-banking companies, generating over Rs 500 million income, he added.He said the government would impose tax on remittances of more than Rs10 million in case their sources of earning were not justified.He said the FBR had an agreement with NADRA (National Database Registration Authority) for information sharing which would help expand the tax-base.Haroon said Miftah Ismail had given a good vision to take forward economy and also appreciated the team of FBR and other relevant departments for their untiring efforts in preparing the budget document.Replying to a question about the construction of sports stadiums, Miftah Ismail said that it was the project of Planning Commission which had decided in consultation with the ministries concerned the locations for setting up sports facilities in the country. “So, Finance Ministry neither takes any decision nor gives any dictation in this regard.”To a question regarding petroleum levy, the minister said the PML-N government had presented a realistic budget. Petroleum prices in Pakistan were at the lowest level among oil importing countries, he added.Adviser Haroon Akhtar, to a query, said to improve the current account deficit, the government had given an export package in its earlier budget plan that greatly helped in ‘triggering’ the exports. “If exports’ growth continued at the same pace we will have no need to go to anyone for financial assistance. There is no need to get panicked.”Answering a question about increased circular debt, Miftah Ismail said the government had added over 12,000 MW to the national grid during the last five years, which was a record in the country’s history and the increased power generation caused surge in the circular debt.The minister said the government was making efforts to clear the circular debt judiciously. Rs100 billion would be released to the Independent Power Producers (IPPs) soon and the remaining amount would also be cleared at the earliest.Responding to a question, Haroon Akhtar said due to the measures taken by FBR, the illegal trade of cigarettes in the country had declined to 35 per cent from 40 per cent. The government had introduced third taxation tier for the tobacco industry, which had helped increase tax revenues from the industry.“The measure has proved to be very positive as it has started showing results now,” he added.Appreciating the role of FBR in this regard, Miftah Ismail said the Board was doing a fine job in order to curb the illegal trade of tobaco.

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CM Murad accuses FBR of double taxation

KARACHI: Chief Minister Syed Murad Ali Shah has accused the Federal Board of Revenue of double taxation after the tax authorities raised a demand of Rs4.32 billion income tax and withholding tax on goods against various departments of the Sindh government. This, he said, while presiding over a meeting today here at the CM House to decide the matter pertaining to FBR, RTO-III, Karachi that has raised a demand of thousands of rupees against various Sindh government departments/offices on account of payment of various taxes. Quoting the case of jute bags for food department, the chief minister said that the FBR has issued notices for recovery of RS260.4 million Income Tax with regard to purchase of jute bags, PP bags and tarpaulin during tax year, 2010-11 to 2015-16.He said that as a matter of fact the Jute industry is exempted from Income Tax according to a SRO issued by the federal government. He said that as regards, the PP bags etc. the Accountant General Sindh, at the time of payments had already deducted the tax. “This is a double taxation against the Sindh government,” he noted. The finance department officers told the chief minister that the principal amount of Income Tax is Rs435.277 million and Rs1.33 million is penalty while Rs3.89 billion is Withholding Tax on goods.During the scrutiny and deliberation in the meeting it was surfaced that the demand raised by FBR was on the basis of total budgetary allocation and blanked calculations without considering real time transactions and at-source deduction of the taxes by the office of the AG Sindh.The chief minister after going through the FBR orders said that the tax officers have passed orders ex-parte without hearing the concerned department. He was informed by different departments that in some cases, orders-in-original, show cause notices and hearing notices were not delivered to the relevant departments due to which the period provided to lodge appeals has become barred by time limitation and therefore they had requested for condonation so that they could lodge appeal to offer their defense at the relevant appellant forum. Chief Secretary Rizwan Memon told the chief minister that he had held a meeting with Chief Commissioner and Commissioner RTO-III on April 19, 2018 wherein the finance department was assigned to complete the reconciliation task with the FBR and other stake-holders. Therefore, he has directed all the departments and AG Sindh to be on board to complete the reconciliation task.The chief minister was informed that on cross verification, the tentative figures given by the AG Sindh indicated that out of total demand of Rs4.328 billion and amount of Rs645.522 million against Income Tax and Rs20.629 million against GST on goods have been deducted at-source by AG Sindh leaving behind a disputed amount of Rs3.662 billion against GST on goods which required reconciliation. The finance department has approached chief commissioner, FBR for withdrawing attachment orders and simultaneously contacted State Bank of Pakistan (SBP) and National Bank of Pakistan for not entertaining such attachments made by it.Shah pointed out a letter of SBP to the NBP president dated August 30,2017, which reads as “Under the agency agreement executed between State Bank of Pakistan and National Bank of Pakistan, the NBP is authorized to act as collecting agent of State Bank of Pakistan. NBP is the sole banker. Furthermore, the funds lying in the government banking accounts are part of their consolidated account, out of which money can be withdrawn after due process of appropriation.”The letter further reads as “NBP thus has no authority to appropriate the receipts it is holding on SBP account pursuance of the notice issued by the taxation authorities. It is therefore, requested that all concerned in NBP may be directed not to make any appropriation of money held on principal account.” The chief minister said that the NBP is not authorized to appropriate amount from Sindh government account. He added that he would talk to federal finance minister to direct the FBR to attachment orders. “We would take strict action if the amount is withdrawn from the Sindh government accounts,” he warned. The chief minister directed the chief secretary to provide services of Sindh Revenue Board Tax Consultants to all the provincial governments departments so that they can deal such cases. There is also a need of capacity building of concerned provincial department officers who deal AG Sindh and FBR matters. He constituted a committee comprising SRB Consultant Mushatq Kazmi, Secretary Local Government Ramzan Awan and Special Secretary Finance Shohab to make necessary documentation and reconcile the claims made by the FBR. 

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Two shopkeepers gunned down in Quetta

According to DIG Quetta, the armed men targeted the shopkeepers at electronics market who succumbed to the injuries at the spot.The police official said that the bodies of nephew and uncle were shifted to Civil Hospital for autopsy.A search operation has been launched after the incident. The police said that it could be due to personal rivalry as well but the investigation is still underway and nothing can be said conclusively at the point

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Pakistan to get $1 billion loan from a friendly country

KARACHI: Pakistan will get a loan of $1 billion from commercial bank of a friendly country to shore up fast depleting foreign currency reserves, Geo News quoted sources in State Bank of Pakistan as saying.Pakistan's foreign exchange reserves decreased to $17.13 billion in the week ending April 20, compared to $17.54 billion in the previous week, the SBP said on Thursday. After the loan, the reserves would cross $18 billion mark.There were no more details available in this regard, however, a news story in this paper last month had stated that the government is all set to ‘secure commercial loan of $1 billion to $1.5 billion from Chinese banks within the next two weeks’.The country had already raised $1.77 billion short-term commercial loans from various foreign banks, mainly Chinese, against a target of $1 billion for the current fiscal year of 2017/18.With the upcoming transaction, total short-term debt might go close to $3 billion mark.“The planned short-term loan transactions would be meant for two to three years period and efforts would be made to keep the rates low,” an official told The News.Pakistan requires dollar inflows to manage its financing requirements in the wake of yawning current account deficit. The current account deficit is projected to go up to $16 billion in the current fiscal as it stood at $10.4 in the first seven months of the FY18.“We have worked out that some non- debt inflows will pour in the remaining months of the outgoing fiscal year to check depletion of foreign currency reserves,” the official said.“We expect that the foreign direct investment will touch $3 billion mark as it had already poured to the tune of $1.6 billion in first seven months.”The official said the private sector credit in dollars will also bring sizeable inflows.“The remaining gap will be bridged through short-term commercial borrowings from international banks,” he added.“All requirements for obtaining loan in the range of $1 to $1.5 billion have been accomplished and it is hoped that this transaction will be done within first two weeks of next month (April 2018).”The country had already obtained $7.6 billion from multilateral and bilateral creditors in the current fiscal year but the foreign currency reserves held by the SBP continued to decline.Pakistan requires an immediate injection of $6 billion to $8 billion to keeping its foreign currency reserves afloat otherwise rapidly depleting reserves could deepen the crisis in coming months.

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Up or Down? Science Solves The Toilet Seat Conundrum

By Cracked Writers  Published: April 28th, 2018 

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James Bond Is Objectively The Worst Action Hero

By Quinton Darby  Published: April 28th, 2018 

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Amazon�€™s Price Hike Is A Good Time To Remember Amazon Sucks

By Cedric Voets  Published: April 27th, 2018 

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Kanye West Liking Trump Is The Most Kanye West Thing Ever

By Adam Wears  Published: April 27th, 2018 

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Director of Materials - Vacutech, LLC - Sheridan, WY

This position requires working with our manufacturing personnel, CAD designers, sales team, internal and external project managers, and building long-term,...
From Indeed - Thu, 26 Apr 2018 15:09:49 GMT - View all Sheridan, WY jobs

from sales Jobs | Indeed.com https://ift.tt/2HWjkMF

Director of Materials - Vacutech, LLC - Sheridan, WY

This position requires working with our manufacturing personnel, CAD designers, sales team, internal and external project managers, and building long-term,...
From Indeed - Thu, 26 Apr 2018 15:09:49 GMT - View all Sheridan, WY jobs

from sales Jobs | Indeed.com https://ift.tt/2vWecDu

PSE SALES & SVCS/DISTRIBUTION ASSOCIATE - United States Postal Service - Sheridan, WY

Completing sales transactions. PSE SALES & SVCS/DISTRIBUTION ASSOCIATE. 421 SALES AND SERVICES (V3.9) - Essential Scale:.... $16.98 an hour
From USPS - Fri, 27 Apr 2018 14:44:58 GMT - View all Sheridan, WY jobs

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Ailing hockey legend Mansoor Ahmed offered free heart transplant in India

Pakistan's World Cup winning hockey goalkeeper Mansoor Ahmed has been offered free of coast heart transplant surgery by a private Indian hospital, according Indian media.The offered has been made by the Fortis Group of Hospitals that assured him that the entire treatment would be free of cost, The Times of Indian reported.The offer came less than a week afterr Mansoor Ahmed made an emotional plea to the Indian government to grant him visa on medical grounds.He, however, had made it clear that he was not looking for financial assistance. According to the Times, Dr S Narayani, zonal director, Fortis (Mumbai) told Mumbai Mirror that the group will register Ahmed for a heart transplant in Mumbai and Chennai. “Once he gets a clearance from the government, we can get an assessment done to confirm whether he is fit enough to travel,” Dr Narayani said.

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Imran's Shaukat Khanum hospital accredited by US-based Joint Commission International

The Shaukat Khanum Memorial Cancer Hospital has been accredited by US Joint Commission International, according to Pakistan Tehreek-e-Insaf chairman Imran Khan who has built the medical facility.The former cricket hero and philanthropist took to Twitter on Saturday and wrote "Today is one of the happiest & most fulfilling days of my life as I see SKMCH accredited by US Joint Commission International. This means that after a thorough audit lasting for days, SKMCH has been recognised internationally as a provider of world class services."According to Shaukat Khanum's website "Accreditation is a process in which an entity, separate and distinct from the health care organization, usually nongovernmental, assesses the health care organization to determine if it meets a set of requirements designed to improve quality of care. The initial accreditation survey by the US based Joint Commission International (JCI) will be conducted from April 23 to 27, 2018. QPSD facilitates and supports SKMCH&RC to achieve, sustain and exceed international accreditation standards".In a string of tweets, Khan congratulated to the hospital team "who have worked dedicatedly to achieve this great milestone. I want to thank all the doctors, nurses & staff (all Pakistanis) who have shown that Pakistanis, with commitment & determination, can build & sustain world class institutions."Imran Khan said: "What makes this recognition even more fulfilling is that SKMCH provides free medical treatment to 75 percent of its patients. This provision of world class treatment to the poor at par with that provided to paying patients is unique to 

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