Daily Archives: December 24, 2021

FDA Authorizes Marketing of 22nd Century Group’s VLN® as a Modified Risk Tobacco Product

VLN® Cigarettes VLN® Is World’s First and Only Combustible Cigarette to Receive FDA MRTP Designation FDA Adds Evidence-Based, Headline Claim “Helps You Smoke Less” to Company’s Requested Claims VLN® 95% Reduced Nicotine Content Cigarettes to Launch in the U.S. Within

Banks Surpass Rs. 100 Billion Financing Under Mera Pakistan Mera Ghar Scheme

Prime Minister Imran Khan has lauded the leading role of the State Bank of Pakistan (SBP) and the efforts of the banking industry in the implementation of the Mera Pakistan Mera Ghar (MPMG) scheme.A ceremony was held at the Prime

NEPRA Slaps Massive Fine on GEPCO

The National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs. 21 million on Gujranwala Electric Power Company (GEPCO) on charges of negligence resulting in fatal incidents during the period from July 2019 to May 2021.NEPRA upon rec...

Economic Prosperity Improves Marginally During Nov 2020-Oct 2021

The economic prosperity has improved by 1.5 percent in Pakistan during the period from November 2020 to October 2021 with an improvement in the country’s overall economic performance, according to the latest survey conducted by the Policy Research Inst...

Weekly Inflation Shows a Slight Increase

The Sensitive Price Indicator (SPI) for the week ended December 23, 2021, recorded an increase of 0.40 percent, according to the Pakistan Bureau of Statistics (PBS).According to the latest data, the SPI went up from 168.16 percent during the week

PBS Hosts First Sensitization Workshop on Digital Census

The series of sensitization workshops on the 7th Population & Housing Census (Digital Census) began on Friday at Allama Iqbal Open University in Islamabad.Hosted by the Pakistan Bureau of Statistics (PBS), the one day workshop featu...

Rupee Continues to Struggle Against the US Dollar Despite Big News from the ADB

The Pakistani Rupee (PKR) failed to post gains against the US Dollar (USD) and depreciated by one-third of a paisa against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.15 against the USD during

FTO Orders Probe Against Senior Tax Officers Involved in Refund Scam

The Federal Tax Ombudsman (FTO), in pursuance of Own Motion (OM) investigation powers conferred to him under Section 9(1) of the Federal Tax Ombudsman Ordinance, 2000 (FTO Ordinance), has ordered to probe irregularities committed by the FBR’s field for...