Islamabad, July 25, 2023 – The Economic Coordination Committee (ECC) of Pakistan, in a recent cabinet committee meeting chaired by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, has given the green light for the fixation of Maximum Retail Prices (MRPs) of 25 new drugs. This decision is expected to impact the pharmaceutical industry and consumers alike.
(more…)Author: Mrs. Anjum Shahnawaz
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Monsoon Update: Karachi at Risk of Water Logging Due to Heavy Rains – July 25, 2023
The Pakistan Meteorological Department (PMD) has issued warnings of heavy rains and potential water logging in Karachi and other parts of the country.
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Weather Update: Thundershower Expected in Islamabad and Other Regions on July 24, 2023
On July 24, 2023, the Pakistan Meteorological Department (PMD) has issued a weather update for Islamabad and various regions in Pakistan.
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Pakistan on High Alert: Federal Commission Issues Warning of Flash Flooding
Islamabad, July 23, 2023 – The Federal Flood Commission of Pakistan has issued a warning about the potential threat of flash flooding in various parts of the country. The commission has identified rivers Indus, Chenab, Ravi, and Kabul as currently flowing in low flood with a rising trend observed at specific locations.
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Punjab’s Revenue Rally: Real Estate and Unexplored Sectors to Fuel Rs 240 Billion Goal
Lahore, July 23, 2023 — The Punjab Revenue Authority (PRA) is intensifying efforts to meet its ambitious tax collection target of Rs 240 billion for the fiscal year 2023-24 by expanding into unexplored sectors, especially the booming real estate industry.
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NDMA Urges Preemptive Actions as Heavy Rainfall Poses Flood Risks
Islamabad, July 23, 2023 – The National Disaster Management Authority (NDMA) has issued a warning and advised relevant departments to take immediate preemptive measures to cope with potential land sliding, urban flooding, and flash flooding incidents that may arise due to heavy rainfall and floods.
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Sales Tax Reduced to 5% for Islamabad Restaurants
Islamabad, July 23, 2023 – In a move to promote digital transactions and bolster tax compliance, the Federal Board of Revenue (FBR) has announced a significant reduction in the sales tax rate for restaurants in Islamabad.
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Pakistan Takes Major Stride in Tax Reform: Unveils Draft Changes for Harmonization and Simplification
Islamabad, July 22, 2023 – In a significant move towards tax reform, Pakistan has unveiled draft changes to inland tax laws aimed at harmonization and simplification.
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Updated Petroleum Prices in Pakistan Effective From July 22, 2023
Islamabad, July 22, 2023 – Pakistan has revealed the revised petroleum prices, effective from July 22, 2023, until July 31, 2023. This latest update comes as a significant measure to alleviate the burden of inflation on the public.
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Thundershower Expected in Multiple Regions – Islamabad Weather Report – July 22, 2023
Thundershowers are likely to occur in multiple regions of the country today, July 22, 2023. Monsoon currents from the Bay of Bengal and a westerly trough affecting the upper regions will contribute to the weather conditions.
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