TAXATION

Ninety Years After Penicillin Was Discovered, The Future Does Look Bright For Antibiotics

11 September 2018

Discovered in September 1928 by Alexander Fleming, it was first used as a cure when George Paine treated eye infections with it in 1930. A method for mass production was devised by Howard Florey and Ernst Chain in 1940, and it was first mass produced in 1942, with half of that total supply used for ...

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Price of No Quality

6 March 2018

The real price paid by a patient is when an ailment goes untreated due to application of substandard medicines. Recent studies even suggest that substandard medicines might be the cause of the spread of drug resistant diseases in Pakistan....

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Asif Jooma Inspires at the Fifth Session of ‘Leaders at LUMS’

24 February 2018

Mr. Asif Jooma, CEO of ICI Pakistan Limited, at the 5th session of Leaders at LUMS. ...

Typhoid

Drug resistant strain of Typhoid

22 February 2018

The recent spread of drug resistant strain of Typhoid is due to Salmonella enterica serovar Typhi (H58) that is a human-restricted bacterial pathogen responsible for causing an estimated 27 million cases of typhoid fever annually, leading to 217,000 deaths, and current vaccines do not offer full pro...

Drug Shortage

Patients hit by shortage of drugs as prices soar – The Times

7 December 2017

Cancer patients and people with severe mental illness are going without essential medicines because of shortages that have cost the NHS £180 million in six months, The Times has learnt. At least 100 drugs have been affected by supply problems, forcing health officials to approve temporary price r...

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Tax Anomalies in Pakistan

5 December 2017

Pakistan Business Council (PBC) has proposed to the Federal Board of Revenue (FBR) to remove customs tariff anomalies and abolish full and final tax structure on the commercial importers to make local manufacturers more competitive, as final tax liability of such importers has placed local manufactu...

Regulatory Duties

Regulatory Duties

15 November 2017

Foreign investors on Tuesday urged the tax authorities to revisit the regulatory duty regime in order to promote investment and manufacturing in Pakistan. Overseas Investors’ Chamber of Commerce and Industry (OICCI), which represents foreign and multinational companies in the country, said its mem...

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Contract Manufacturing

13 November 2017

Contract manufacturing is an outsourcing of certain production activities that were previously performed by the manufacturer to a third-party. A company may outsource the manufacture of certain components for the product or outsource the assembly of the product....