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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

Jordan’s Arab Summit to address cooperation priorities

JORDAN

AMMON: Secretary General of the Arab League Ahmad Abul-Gheit will present three vital reports on cooperation priorities to the 28th Arab Summit in Jordan next Wednesday, said an Arab League official. A statement by the League’s spokesman Mahmoud Afifi indicated that the first report will focus on the Palestinian cause, the war in Syria, Yemen, and Libya, terrorism, as well ... Read More »

Jordan School District eyes $10m boost to teacher pay

JORDAN

AMMON: Teachers in Jordan School District are about to see more green for their time at the blackboard. Representatives of the district’s school board and education association are nearing agreement on a package of salary reforms that would pump roughly $10 million into teacher compensation. Both groups support the broad contours of the plan and are scheduled to meet Thursday ... Read More »

Jordan sees rising investment in clean technology

JORDAN

AMMON: Regulatory reforms introduced in 2016 should draw investors to help carry out a large, state-led project pipeline, with clean and alternative energy among the industries benefitting. The Regulation for Organizing Non-Jordanian Investments No. 77, passed in June, eased capital requirements and other restrictions on foreign investment in key sectors. Among the headline changes, foreigner investors looking to establish businesses ... 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 and Iraq discuss exempting certain exports from customs duties

JORDAN

AMMON: Jordanian and Iraqi officials on Monday opened a discussion on prospects for exempting certain Iraq-bound Jordanian exports from custom duties and agreed to set relevant criteria for that purpose. In a meeting held in Amman , officials from both countries agreed to remove impediments hindering the two-way trade exchange. The Jordanian officials handed the Iraqi side a list of ... Read More »

Jordan records $7.8b in tourism revenues

JORDA

AMMON: Tourism revenues and expatriates’ remittances stood at $7.8 billion in 2016, witnessing an increase in the last quarter, the Jordan News Agency, Petra reported on Monday, citing Central Bank of Jordan figures. The figures showed that the remittances stood at $3.7 billion, recording a 2.4 per cent drop compared to 2015. The figures also indicated that tourism income, despite ... Read More »

Jordan, European Investment Bank discuss priority projects

JORDAN

AMMON: Jordan and the European Investment Bank (EIB) on Monday discussed prospects of further cooperation in priority fields, on the backdrop of the bank’s decision to increase funding of its three-year Economic Resilience Initiative to 15 billion euros. The issue was discussed during a meeting in Amman between Minister of Planning and International Cooperation Imad Fakhoury and EIB’s Vice President ... Read More »

Jordan, WB discuss prospective loan agreements

JORDAN

AMMON: Minister of Planning and International Cooperation, Imad Fakhoury, Sunday discussed with a World Bank official agreements for three loans the bank plans to extend to the Kingdom to support the state budget, startups and medium-size enterprises. Two of the loans will be channeled to support the budget and one will be used to establish a national entrepreneurship fund to ... Read More »

WFP welcomes $15m aid from Japan

JORDAN

AMMON: The WFP has welcomed a contribution of more than $15 million from the Japanese government that will support almost 6 million people affected by the ongoing crisis inside Syria and neighbouring countries, according to a statement released by the UN agency on Sunday. This contribution will enable the WFP to continue providing vital food assistance to the most vulnerable ... Read More »

Fuel prices to remain unchanged in March

JORDAN

AMMON: The government’s oil pricing committee Tuesday kept the prices of fuel derivatives unchanged for the month of March despite a slight rise in the global market, it said in a statement. The Ministry of Industry and Trade committee, which sets prices on monthly basis according to oil price fluctuations in the global market, said it fixed prices despite a ... Read More »

Israel-Jordan gas trade portends brighter future in Middle East

JORDAN

AMMON: The Israeli press recently reported that Israel started supplying gas to its neighbor Jordan in January. While the current trade is small, Israel and Jordan have signed an additional contract for larger gas supplies, and this trade could eventually be expanded to other countries in the region. This moderate start could have far-reaching positive consequences for the region, and ... Read More »

Jordan’s real GDP growth to pick up: QNB

jordan

AMMON: Jordan’s real GDP growth is expected to moderate in 2016 to 2.1 percent from 2.4 percent in 2015 to due to further fiscal consolidation, the impact of regional conflict, softening demand from China and the GCC for Jordan’s exports as well as lower prices for these exports. Thereafter, real GDP growth should pick up to 2.3 percent in 2017 ... Read More »

Jordan, Iraq discuss exempting certain exports from customs duties

JORDAN

AMMON: Jordanian and Iraqi officials on Monday opened a discussion on prospects for exempting certain Iraq-bound Jordanian exports from custom duties and agreed to set relevant criteria for that purpose. In a meeting held in Amman today, officials from both countries agreed to remove impediments hindering the two-way trade exchange. The Jordanian officials handed the Iraqi side a list of ... Read More »

Jordan, Japan sign $4.5m grant agreement

jordan

AMMON: Jordan and Japan on Wednesday, signed a $4.5 million grant agreement under which Japan will provide advanced security equipment to five border posts in the Kingdom. The agreement was signed by Minister of Planning and International Cooperation Imad Fakhoury and the Japanese Ambassador to Jordan Shuichi Sakurai. In a press statement following the signing ceremony, Fakhoury highlighted the importance ... Read More »

Ministry refutes claims over making JOD4.5b in fuel savings

JORDAN

AMMON: The Ministry of Energy and Mineral Resources dismissed as “baseless and misleading” claims that the government was making savings as much as JOD4.5 billion from fuel revenues and are not incorporated in the state’s general budget. Recently, a video went viral on social media platforms in which a person claims the government was making that amount from fuel sales ... Read More »

Agricultural exports drop by 35% in Jan

JORDAN

AMMON: Exports of fruit and vegetables during January dropped by 35 per cent compared to the same period last year, a government official said on Saturday. The drop in the Kingdom’s exports is attributed to the continuous closure of the borders with Syria and Iraq, in addition to a drop in exports to the Gulf during the first month of ... Read More »

World Bank helps Jordan, Lebanon cope with Syrian refugee crisis

JORDAN

AMMON: Representative of the United Nations High Commissioner for Refugees (UNHCR) in Lebanon, Mireille Girard, Tuesday, said the World Bank extends direct assistance to Jordan and Lebanon to help them cope with burdens arising from the Syrian refugee crisis. She said in an interview that “Syrian refugees are not to blame for the lower economic growth rates in the region, ... Read More »

Japan extends $29m to Jordan

JORDA

AMMON: The Japanese government has decided to extend an aid package of $29 million to help Jordan cope with the Syrian refugee burden. The Japanese embassy in Amman said in a statement released Wednesday that the assistance package will help international organizations, operating in Jordan, to carry out projects designed to provide services to the Syrian refugees as well as ... Read More »

Most of food items exempted from sales tax increase

JORDAN

AMMON: The government said it exempted more than 70 per cent of food commodities from a sales tax increase. It also kept commodity prices in both the Civil Service Consumer Corporation and Military Service Consumer Corporation at their current price levels for this year, adding that the government will bear the additional costs. Read More »

Jordan received 60% of London conference’s pledges, says minister

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AMMAN: Jordan has received about 60 per cent of the total value of pledges donors made during a 2016 conference in London to support the Jordan Response Plan designed to address burdens arising from a massive influx of Syrian refugees, Minister of Planning and International Cooperation, Imad Fakhoury, said on Monday. The minister told a joint press conference with the ... Read More »