The Competition Commission of Pakistan (CCP) approved on Friday the acquisition of trademarks for the pharmaceutical product Claforan by Hoechst Pakistan Limited from Sanofi Aventis Deutschland GMBH. This acquisition was facilitated through a trademark assignment agreement, marking a significant transaction in Pakistan’s pharmaceutical industry.
(more…)Author: Mrs. Anjum Shahnawaz
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PMD Forecasts Hot Weather for Sindh on October 26, 2024
Islamabad, October 25, 2024 – The Pakistan Meteorological Department (PMD) has issued a hot weather forecast for Sindh on Saturday, October 26, 2024, advising residents to prepare for another day of high temperatures. The PMD expects primarily dry conditions across most of Pakistan, with notably hot weather anticipated in various districts of Sindh.
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APTMA Demands Significant Interest Rate Cut of at Least 4%
Islamabad, October 25, 2024 – The All Pakistan Textile Mills Association (APTMA) has made a strong appeal for a substantial reduction in interest rates, calling for a 4% cut to help stimulate economic recovery, create fiscal space for public expenditures, and support the survival of key industries.
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Pakistan Weather Outlook for October 25, 2024
Islamabad, October 24, 2024 – The Pakistan Meteorological Department (PMD) has issued the weather outlook for Friday, October 25, 2024, predicting predominantly dry weather for most regions of the country. However, isolated rain accompanied by wind and thunderstorms may occur in parts of upper Khyber-Pakhtunkhwa and Gilgit-Baltistan during the evening or night hours.
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PM Shehbaz Directs FBR to Create Taxpayer-Friendly Environment
Islamabad, October 24, 2024 – Prime Minister Shehbaz Sharif on Thursday instructed the Federal Board of Revenue (FBR) to foster a more taxpayer-friendly atmosphere in a bid to build trust and enhance tax compliance. The prime minister made these remarks while chairing a review meeting focused on FBR reforms, according to a press release from the PM Office.
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Minister Rules Out ADR-Based Tax Exemption for Banks
Minister of State for Finance, Ali Pervez Malik, a day earlier, made it clear that there are no ongoing discussions or plans for tax exemptions based on the Advance-to-Deposit Ratio (ADR) for banks. Speaking at the Senate Standing Committee on Finance, Malik emphasized that no proposal concerning an ADR-based tax exemption is currently under consideration.
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Aurangzeb Urges IMF Prioritize Social Safety, Climate Resilience
Islamabad – In a pivotal address on Wednesday, Federal Minister for Finance Muhammad Aurangzeb underscored the urgent need for the International Monetary Fund (IMF) to integrate social protection mechanisms into its lending frameworks, particularly for economically vulnerable nations.
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Pakistan Weather Outlook for October 24, 2024
Islamabad, October 23, 2024 – The Pakistan Meteorological Department (PMD) has issued its weather forecast for Thursday, October 24, 2024, predicting primarily dry conditions across most regions of the country. However, certain northern areas can expect rain and thunderstorms, providing some relief to these regions.
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Justice Yahya Afridi Nominated as New Chief Justice of Pakistan
ISLAMABAD: In a significant development, the Special Parliamentary Committee has officially nominated Justice Yahya Afridi as the new Chief Justice of Pakistan (CJP), succeeding the outgoing CJP, Justice Qazi Faez Isa, who is set to retire on October 25. Justice Afridi’s nomination comes after extensive deliberations within the parliamentary panel, formed to select the next CJP from among the three most senior judges of the Supreme Court.
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PMD Forecasts Thunderstorms in Upper Regions on October 23
Islamabad, October 22, 2024 – The Pakistan Meteorological Department (PMD) has forecasted thunderstorms in isolated areas of the upper parts of the country on Wednesday, October 23, 2024. According to the PMD, while most regions will experience dry weather, certain areas in the north are expected to see rain, wind, and thunderstorms.
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