Pakistan is expected to collect Rs1,468 billion from the petroleum levy in the current fiscal year, according to an IMF report. Citizens are already facing a heavy financial burden from the levy, which the government plans to increase annually over the next few years. The levy applies to all petroleum products, including petrol, diesel, and […]
inflation impact
Medicine prices rose 15%, not 32%, says PPMA
ISLAMABAD: Medicine prices in Pakistan have increased by 15 percent since the government introduced its deregulation policy. The Pakistan Pharmaceutical Manufacturers Association (PPMA) clarified that the recent 32 percent claim was misleading. The actual rise reflects price changes only after February 2024, not cumulative increases over the past two years. According to the PPMA, the […]