Islamabad :
According to the details, 0.1% tax has been levied on medicines during the current financial year. The government has imposed 0.1 to 1% income tax on medicines during the financial year 21-2020, the collection of which is the responsibility of the FB. Instead of Rs, it has been imposed on pharmaceutical companies and importers and distributors.
However, the new tax will increase the prices of medicines by an additional 11 per cent, while the prices of medicines have already gone up by more than 400 per cent during the current regime. Accordingly, the Chemists and Drugs Association rejected the new tax and the procedure for obtaining it, and announced a nationwide shutterdown on July 15 and an indefinite strike from July 19.
On the other hand, a survey by the Bureau of Statistics has revealed that the economic conditions of 38% of households in Pakistan have worsened. According to the survey report on social and living standards, the economic conditions of 46% of households are the same as before, only 2%. Households described the economic situation as better than before, with the highest number of those declaring the economic situation worse at 29% in Sindh.
According to the Social and Standards of Life survey of the Statistics Institute, 12% of households described the household economic situation as much worse than before, 26% according to the household, the household economic situation is worse than before, according to the survey, 46% of households described the household economic situation as worse. As it is, 13% of the country’s households described the economic situation as better than before, only 2% of the households described the economic situation as much better than before.
One percent of households said they did not know about it, 11 percent said the community’s economic situation was worse than before, 23 percent said the community’s economic situation was worse than before, and 48 percent said the community’s economic situation was worse than before. As such, according to 11%, the economic situation of the area has improved, according to 1%, the economic situation of the community is much better than before, 6% do not know about the economic situation of the community.
In Sindh, 29% of households described their economic situation as worse than before, with Sindh having the highest number of households worsening their economic situation, followed by KP at 27%. Yes, according to 25% in Punjab, the domestic economic situation is worse than before. According to 22% in Balochistan, the domestic economic situation is worse than before, 46% of households in Punjab and 47% in Sindh have declared the economic situation as before, while the economic situation of KP42 and 46% of households in Balochistan is as before.
According to the survey, economic conditions of 14% of households in Punjab and 9% of households in Sindh improved, economic conditions of 13% of households in KP and Balochistan improved, according to 26% of households in Sindh, economic conditions of the community deteriorated. According to 23% of households, the economic condition of the community has deteriorated. In Balochistan, according to 21% of households, the economic condition of the community has deteriorated.
