Pakistan News

    Role Of Regulatory Authorities In Pakistan

  • All media regulatory authorities to be merged into one top body: information minister

    Information Minister Fawad Chaudhry on Wednesday announced that after reviewing the role of Pakistan Electronic Media Regulatory Authority (Pemra) and the Press Council of Pakistan (PCP), it has been decided that all regulatory authorities will be merged into one top body — Pakistan Media Regulatory Authority...

    "There should be one regulatory authority to look at all mediums, and the same laws and censors should apply across the...

  • Pakistan’s drug regulatory authority not recognised by WHO

    ISLAMABAD: The Drug Regulatory Authority of Pakistan (Drap), responsible for monitoring the quality of medicines in the country, is not recognised by the World Health Organisation (WHO) and resultantly Pakistani companies are unable to export to developed countries...

    The ministry official pointed out that unless the Drap is recognised, medicines produced in Pakistan cannot be exported...

  • Regulatory requirements for AMCs, modarabas

    ISLAMABAD: Pakistan Stock Exchange, National Clearing Company Ltd and Central Depository Company (CDC) were being provided with drop boxes to facilitate investors in lodging complaints with the Securities and Exchange Commission of Pakistan (SECP)...

    Meanwhile, the SECP has also introduced standardised regulatory requirements for branches of asset management companies (AMCs), investment banks, leasing companies and modarabas to...

  • World Bank urges caution against regulatory duties

    KARACHI: Pakistan should reduce average tariffs and minimise the use of para-tariffs, such as regulatory duties, World Bank Senior Economist Nadia Rocha said on Thursday...

    Speaking at the launch of the Pakistan Development Update, a twice-a-year publication, the World Bank official said the country’s current tariff policy is based on “revenue and protectionist considerations” instead of long-term competitiveness-enhancing measures......

  • FBR, ministry trade fire over regulatory duties

    ISLAMABAD: The Standing Committee on Finance has directed the Federal Board of Revenue (FBR) and Ministry of Commerce to finalise a new list of items on which regulatory duties (RD) should be imposed in two weeks’ time...

    Pama seeks RD exemptionWelcoming the imposition of regulatory duty (RD) on import of some completely build-up (CBU) vehicles, the Pakistan Automotive Manufacturers Association (Pama) on Thursday said the levy on...

  • Govt plans regulatory body for upstream petroleum sector

    It will be called Pakistan Petroleum Exploration and Production Regulatory Authority (PPEPRA)...

    It is proposed to be created through PPEPRA Bill 2017 to take over all exploration and production regulatory activities, including the award of concessions and monitoring from the DGPC...

  • New round of regulatory duties planned to curtail imports

    KARACHI: The government is developing a plan to address the growing difficulties on the external front in the immediate term, involving regulatory duties on imports of a large number of items, a senior official who is in the know told Dawn on Saturday...

    “The government is trying to both incentivise exports and reduce imports by coming up with a regime of regulatory duties,” he said...

  • 40pc regulatory duty on steel bars, billets opposed

    KARACHI: Pakistan Iron and Steel Merchants Association (PISMA) on Tuesday opposed a proposal to impose 40 per cent regulatory duty on the imports of bars, billets and wire rods...

    Whereas importers of steel bars are not just paying 10pc customs duty on an inflated price of $560 per tonne but also paying 15pc regulatory duty and 20pc sales tax...

  • Regulatory duty on crude oil import increased to minimise revenue shortfall

    ISLAMABAD: The government increased on Thursday regulatory duty on import of crude oil and its major products with immediate effect to minimise shortfall in revenue collection faced by the Federal Board of Revenue...

    At a meeting of the Economic Coordination Committee (ECC) of the cabinet, the FBR had sought an increase in regulatory duty on crude oil, furnace oil, petrol and high speed diesel (HSD)...

  • ‘No regulatory body for 60 physiotherapy institutions’

    ISLAMABAD: At a press conference organised on Monday, physiotherapists drew attention towards lack of a regulatory body for the registration of physiotherapists and the monitoring of physiotherapy degree programmes...

    Board of Directors of Pakistan Physical Therapy Association (PPTA) Chairman Dr Asghar Khan, while addressing the press conference, said currently there were close to 60 institutions in the country offering Bachelors in...

  • Regulatory capture approaches

    This is the job of the regulator, and if Nepra was unable to keep pace with the flood of tariff petitions that has come its way in the past three years due to CPEC and other interest in Pakistan’s power sector, then it has less to do with the regulator itself and more to do with our outmoded power-pricing regime...

  • Govt urged to reverse decision on regulatory bodies

    ISLAMABAD: A parliamentary panel on Thursday observed that the government was showing reluctance in reversing its decision of placing five regulatory bodies under line ministries, despite court orders and disapproval expressed by the Senate...

    A meeting of the Senate Functional Committee on Devolution headed by Mir Kabeer Ahmed Shahi recommended that the regulatory bodies be allowed to function as autonomous organisations as per the...

  • Private schools regulatory authority being set up

    PESHAWAR: The Elementary and Secondary Education Department has decided to establish the much-awaited private schools regulatory authority...

    In 2013, when the PTI government was established it also initiated the process to set up the regulatory authority...

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