ISLAMABAD – The Drug Regulatory Authority of Pakistan (DRAP) has issued a notification announcing an increase in the maximum retail prices of medicines by up to 15 percent.
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Imran Farookhi given acting charge of MD SSGC
KARACHI – The Board of Directors (BoD) of Sui Southern Gas Company Limited (SSGC) announced the appointment of Imran Farookhi as the Acting Managing Director for a provisional period of 90 days in a statement released on Friday.
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SRB appoints 14 auditors to boost revenue collection
KARACHI – The Sindh Revenue Board (SRB) has taken a significant step toward enhancing tax collection through audit and enforcement by appointing 14 auditors, according to sources. This move is expected to improve tax compliance and revenue generation in the province.
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Rupee gains six paisas in early trading
KARACHI – In a promising start to the day, the Pakistani Rupee demonstrated its resilience by gaining six paisas against the US Dollar during early morning trading on Friday.
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FBR holds three-day ICT on Feb 06
KARACHI – The Federal Board of Revenue (FBR) is all set to host a three-day International Conference on Taxation (ICT) commencing on February 6, 2019.
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RD regime brings down import by 23pc
ISLAMABAD – Recent regulatory duties (RD) imposed on luxury and non-essential items have significantly reduced imports in Pakistan, with a decline of 23 percent observed in December 2018.
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Trade deficit narrows by $1 billion in first half
KARACHI – Pakistan’s trade deficit has shown signs of improvement, narrowing by $1 billion or 5.6 percent during the first half of the fiscal year 2018-2019.
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Auto sales post 12-year growth in December on MoM basis
KARACHI – Pakistan’s auto sales market has experienced a significant turnaround in December 2018, with a sharp rise in sales compared to the previous month.
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SBP denies reporting PTI’s undeclared bank accounts
KARACHI – The State Bank of Pakistan (SBP) has unequivocally rejected a news report published in a prominent English language newspaper regarding the bank accounts of Pakistan Tehreek-i-Insaf (PTI) being submitted to the Election Commission of Pakistan (ECP).
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Remittances grow by 10pc to $10.7 billion in July – December
Overseas Pakistani workers have continued to make a significant contribution to the country’s economy, with remittances totaling $10.719 billion during the first half of the fiscal year 2018-2019 (July to December).
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