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Jordan

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Ryan gives tax-overhaul pep talk amid growing doubts in GOP

JORDAN

AMMAN: Four days before the one-year anniversary of the release of his tax blueprint, House Speaker Paul Ryan delivered a pep talk seeking to assuage growing doubts about the prospects for a major tax overhaul. “We’re going to stick the landing because we know we’ve got to,” Ryan said in a CNBC interview after an address to manufacturers billed as ... Read More »

107 tonnes of food imports refused entry by Agriculture Ministry in May

JOOODAN

AMMAN: The Agriculture Ministry refused entry of 107 tonnes of food imports in May due to violations of Jordanian import criteria, a government official said on Sunday. The ministry’s border centres refused entry, returned or destroyed 72 tonnes of fruit, 15 tonnes of grains, 11 tonnes of dairy products and eight tonnes of spices, according to the ministry’s spokesperson, Nimer ... Read More »

Amman Chamber of Industry exports decline by 9% in 5 months

JORDAN

AMMAN: Exports from the Amman Chamber of Industry (ACI) declined by 9 percent in the first five months of 2017, compared to the same period of 2016. According to statistic, the chamber’s exports in the first five months of this year stood at JD1,552 billion, compared to JD1,708 billion in the same period of the last year. The majority of ... Read More »

Pressure increases to discard border tax

JORDAN

AMMAN: The pressure on House Ways and Means Committee Chairman Kevin Brady (R-Texas) and Republican leadership to jettison border adjustability, a key but controversial part of the House GOP tax plan, keeps growing. Rep. Mark Meadows (R-N.C.), the chairman of the Freedom Caucus, an influential group of about three dozen ultra-conservative House Republicans, said at a June 9 Heritage Foundation ... Read More »

VAT reduction not being passed on to consumers: GRA

AMMAN: According to the Guyana Revenue Authority (GRA) businesses have used the 2% reduction in VAT to increase their profit margins rather than passing on the intended benefit to the consumers. A press statement from the agency explained that it has observed that notwithstanding the reduction in the VAT rate from 16% to 14% there has not been any incremental ... Read More »

9m narcotic pills seized in Jordan

JORDAN

AMMAN: Anti-Narcotics Department (AND) personnel have foiled an attempt to smuggle 9 million narcotic pills into Jordan, a country of around 9.5 million people, in the ‘biggest operation since the start of the year’ in the Kingdom, and possibly in the entire region, the Public Security Department (PSD) said in a statement on Wednesday. The AND received a tip-off about ... Read More »

New Amman Customs Centre opens in Madouneh

JORDAN

AMMAN: Deputising for His Majesty King Abdullah, Prime Minister Hani Mulki on Monday inaugurated the Amman Customs Centre project in Madouneh, worth JD93 million, financed by the Social Security Investment Fund (SSIF). The project, implemented by the government in cooperation with the private sector on the build-operate-transfer principle, is one of the strategic development schemes aimed to increase investments in ... Read More »

Jordan taps into global fertiliser demand

JORDAN

AMMON: In mid-March the country’s sole phosphate producer, state-owned Jordan Phosphate Mines Company (JPMC), announced a sales contract with a group of Indian firms to provide 5.2m tonnes of phosphate ore – a raw material used in the production of fertiliser – in 2017. Though its value has yet to be made public, the deal stipulates that sales prices will ... Read More »

Border Guards foil drug smuggling attempt from Syria

JORDAN

AMMON: Border Guards foiled on Monday, an attempt to smuggle an amount of drugs by two people who tried to cross the border from Syria into Jordan, a military source at the General Headquarters of the Jordan Armed Forces-Arab Army said. The source said that the Border Guards applied the rule of engagement taken in such cases, killing both of ... Read More »

Jordan to get US$600m in revenue from Iraqi oil pipeline annually

JORDAN

AMMAN: Chairman of the Iraqi Business Council in Jordan Majid al-Sa’idi disclosed that Jordan will get 600 million dollars as annual revenues from the Iraqi oil pipeline to Aqaba terminal, as quoted by al-Rai daily. He added that the cost of the project on the Jordanian side will reach to 6-7 billion dollars, where the investor will bear the costs, ... Read More »

Jordan imposes 16% tax on gyms

JORDAN

AMMON: Gym owners and users in Jordan are now obliged to pay an additional tax of 16 per cent, set by the government recently. Gym owner Ahmad Ismail said that many people will not register if the prices of registration and training programmes increase. “As gym owners and shareholders, we have to make profit, buy new machines, stay up-to-date, and ... Read More »

Jordan’s retail sector gains momentum

JORDAN

AMMAN: In late February, Jordan’s Al Adnani Group signed an agreement with Kuwaiti property developer United Real Estate Company to build a 929-sq-metre health spa at the $300m Abdali Mall in Amman. Dubbed Gaia’s Cocoon and billed as “seven-star”, the women-only spa will offer health and beauty products, alongside therapy services ranging from massage and facials to body toning and ... Read More »

Jordan, Switzerland sign MoU in political, security consultations

Germany-Switzerland sign arbitration agreement for tax disputes

AMMAN: Jordan and Switzerland, Friday, signed a memorandum of understanding (MoU) to enhance political and security consultations, and boost cooperation. The MoU was signed by Minister of Foreign and Expatriate Affairs Ayman Safadi and his Swiss counterpart ‎Didier Burkhalter‎, who reiterated the two countries’ interests to take practical steps to cement economic, education and tourism ties. Safadi briefed the Swiss ... Read More »

Jordan says unfeasible to produce oil from shale for now

JORDAN

AMMAN: Although Jordan is home to large amounts of oil shale, it is unfeasible to produce oil from shale at present, Jordan’s Energy Minister Ibrahim Saif said. “We do not deny that we have large reserve of oil shale, but it is still commercially unfeasible to produce oil from it,” the minister said during an interview with the state-run Jordan ... Read More »

IMF projects Jordan’s real GDP to grow by 2.3% in 2017

JORDAN

AMMAN: Led by Martin Cerisola, a team from the International Monetary Fund (IMF) visited Amman during 2–11 May to complete discussions on the 2017 Article IV Consultation and First Review under Jordan’s economic programme supported by an Extended Fund Facility (EFF) arrangement. At the end of this visit, Cerisola issued the following statement: “Since our mission last November, macroeconomic conditions ... Read More »

Iranian coast guards seize about 700kg Heroin en route to Jordan

JORDAN

AMMON: Iranian coast guards managed to seize nearly 700 kilograms of heroin en route to Jordan, the commander of the border guard headquarters of the southeastern province of Sistan and Balouchestan announced. In a successful operation after intense intelligence work, the brave coast guards thwarted a sinister scheme by smugglers to transit the illicit drugs from Bandar Abbas to Jordan ... Read More »

Vectrus raises revenue, profit forecasts amid better-than-expected Q1 results

JORDAN

AMMAN: After retaining two key contracts and winning an extension to its largest contract, Colorado Springs-based defense contractor Vectrus Inc. Tuesday raised its revenue and profit forecasts for the year even as it reported better-than-expected first quarter financial results. While revenue for the January-to-March period declined 6.6 percent from a year ago to $290.1 million, the total was still $2 ... Read More »

2 customs officers injured in vehicle crash during chase

JORDAN

AMMAN: Two anti-smuggling personnel of the Customs Department were injured on Saturday when their vehicle overturned while chasing a car with contraband near Aqaba, the department said. Official spokesman Col. Imad Nseir said a customs patrol chased the “suspicious” car, which was coming from Aqaba, after its driver refused an order to halt. He said the driver left the vehicle ... Read More »

2 customs officers injured in vehicle crash during chase

JORDAN

AMMAN: Two anti-smuggling personnel of the Customs Department were injured on Saturday when their vehicle overturned while chasing a car with contraband near Aqaba, the department said. Official spokesman Col. Imad Nseir said a customs patrol chased the “suspicious” car, which was coming from Aqaba, after its driver refused an order to halt. He said the driver left the vehicle ... Read More »

 Egypt’s increased fish export tax leaves Jordan on the hook

JORDAN

AMMAN: The recent decision by Egypt to impose a 12,000 Egyptian pound fee (JD472.8) on each tonne of exported fish will have dire consequences for the local Jordanian market, according to a food expert. In a recent move, Egyptian authorities decided to impose taxes on the country’s fish exports for several months, in a bid to balance the hike in ... Read More »