Connect with us

Hi, what are you looking for?

Latest News
• Govt. bans TLP under anti-terrorism law • Fawad Chaudhry given additional charge of information ministry. • NA panel directs timely imports to bridge cotton n wheat shortfall • Petroleum prices reduced by 2.5% • CCOE extends flat tariff for industrial consumers till June 2022 • Health card scheme to bring about revolution: PM • Policeman gunned down in Bajaur • Peshawar police arrests Aurat March organisers over blasphemy charges • Inspection of all orphanages in Sindh ordered to examine facilities • Brazil, SA, UK variants of Covid-19 in Karachi-Study • Turkish President phones Prime Minister IK • Google Earth adds time lapse video to depict climate change • TLP protests outside mission in London • 220 centres for accelerated learning set up in Baluchistan • NAB files reference against former KMC official • Crude oil rose 9 cents to $63.55 a barrel • Gold prices fell $1.55 to $1,765.25 an ounce • PSX: 100 Index is up 114 points at 45,345 • Dollar depreciated by 3 paisa to Rs152.80 in interbank • FO to ask Indian response on lawyer’s appointment in Jadhav case • Cricketer Rizwan named among Wisden’s Five Cricketers of the Year • US Secretary Blinken vows ‘enduring’ Afghan ties after pull out
News Alert
    • Shaukat Tarin appointed as Finance Minister, Fawad Chauhdry as Information Minister
    • Omar Ayub Minister for Economic Affairs, Hamad Azhar Energy Minister
    • Khusro Bakhtiar Industries & Production&  Shibli Faraz Minister for Science & Technology
    • PTA blocks social media apps from 11 am till 3 pm today.
    • Apps include; Facebook, Instagram, Whatsapp, Twitter, YouTube.
    • Covid Updates: 5,364 cases reported while 110 deaths recorded in last 24 hrs
    • Currently, 78,425 cases are active in the country
    • The death toll reaches 15,982 in Pakistan
    • 4,123 people recovered in last 24 hrs
    • The current positivity rate is 8.32% in the country 


Taxing Health Now: Govt to end exemption on imported Covid kits

To Protect Local Industry Covid Equipment Imports Should Face Import Duty & Tax.

As per cabinet’s instructions the ministry of commerce is working on a plan to end the tax exemptions on the import of Covid related medical equipment in a bid to protect local industry, said a senior official from Commerce Division.

Currently, the local industry is manufacturing Covid-related equipment and material and paying 17% general sales tax. The zero-duty regime for the import of Covid-related machinery had made the local products uncompetitive.

In March, 2020, government had exempted 61 diagnostic support and personal protective equipment (PPEs) from all duties and taxes. However, the local industry has started manufacturing equipment at home, the cabinet meeting was briefed in the last meeting.

It was decided that government should review the zero-duty regime. The local manufacturers are paying 17% sales tax, which puts them at a disadvantageous position. Following discussion, the cabinet has directed the commerce division to review the proposal and submit its recommendations.

The government has withdrawn its decision to allow the private sector to fix prices of Covid-19 vaccines and delegated such power to the Drug Regulatory Authority of Pakistan (DRAP). The government is importing vaccine to administer free jabs to the people in phases.

There was a need to enable the private sector to import vaccines to administer to those segments of the society, who were not ‘on the immediate priority established by the government, under strict medical supervision in private healthcare facilities.

Written By

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *




Setting another precedent of love, an American woman embraced Islam, travelled to Pakistan to marry a young TikToker from Rawalpindi. Daniel, 40, from Washington...


The Bollywood’s Farhan Akhtar is working on Marvel Studio project and currently shooting in Thailand, sources revealed.  A source told The Times of India...

Latest Updates

The government plans to open registration for Covid-19 vaccination for all citizens after Eid, said Minister for Planning, Development and Special Initiatives Asad Umar....


ISLAMABAD: The International Monetary Fund on Wednesday projected Pakistan fiscal position to remain under pressure during current fiscal year with budget and primary deficit...

Copyright © 2021 The Truth International