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Pharma sector announces countrywide sit-ins

Pharma sector announces countrywide sit-ins Pharmacies to close for indefinite period after Eidul Azha July 19, 2021 Rejecting the collection of advance tax through distributing companies, the pharmaceutical sector announced countrywide sit-ins and threatened to close pharmacies after Eidul Azha for an indefinite period. Pakistan Chemists and Drug Association (PCDA) spokesman Samad Budhani demanded to withdraw the imposition of Section 236-G and 236-H of income tax on the pharmaceutical sector. He said implementation of Section 236-ll on the pharma sector cast a heavy burden on the distributors who are covering more than 6,000 retail pharmacies in Karachi “It is very difficult to collect NTN/CNIC from all the outlets and the advance tax collection besides reporting will not be possible,” he argued, adding that it would be a hectic exercise to check thousands of retailers as filers or non-filers at the time of invoicing.

Pakistan, Uzbekistan pledge to boost ties in all sectors - Newspaper

TASHKENT: Prime Minister Imran Khan addressing a meeting of the Uzbekistan-Pakistan Business Forum on Thursday. PPI ISLAMABAD: Pakistan and Uzbekistan on Thursday vowed to expand multifaceted bilateral cooperation to all areas of mutual interest and stressed the need for resolution of the Afghanistan conflict through internal political process imperative for peace and progress of the whole region. The two countries made these commitments on the first day of Prime Minister Imran Khan’s two-day official visit to Uzbekistan where they jointly hosted Uzbekistan-Pakistan Business Forum on ‘Central and South Asia 2021: Regional Connectivity Challenges and Opportunities’, in the Uzbek capital. PM Khan, while addressing the business forum, expre­ssed the hope that Pakistan’s connectivity (through rail, road and aviation) with Uzbekistan in trade and bilateral spheres would open up new avenues of prosperity in the region. “Pakistan has immense potential to connect Central Asia w

Pharmacy firms accused of money laundering

Pharmacy firms accused of money laundering The lawmaker requested the NA panel to refer the matter to NAB or FIA Regular checks will be conducted at pharmacies and factories. PHOTO: REUTERS ISLAMABAD: Member of National Assembly Ramesh Lal accused on Friday certain pharmaceutical companies of converting black money to white right under the nose of Drug Regulatory Authority of Pakistan (DRAP). In a meeting of the Standing Committee on Health chaired by Nisar Ahmed Cheema, MNA Ramesh Lal alleged that some pharmaceutical companies were carrying out money laundering under the disguise of importing raw material while clearly violating laws. Ramesha Lal, who is also a member of the health committee, said that more than a year has passed since the entire record of the case was sent to DRAP. However, he lamented, the authority has failed to explain it and present the record to the committee.

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