• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Times of Pakistan
No Result
View All Result
Home Pakistan Govt.

Govt Allows Duty-free Import of Remdesivir

Jameel Ahmad by Jameel Ahmad
June 24, 2020
in Govt.
0
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

The federal government on Tuesday waived the duty and taxes on the import of Remdesivir – a medicine used in the treatment of Covid-19 patients.

The authorities have also allowed duty-and-tax free import of 60 other tools used in the diagnosis and treatment of coronavirus until September 30. The Federal Board of Revenue (FBR) issued three notifications in this regard.

According to the first notification, the FBR exempted the customs duty on the import of Remdesivir 100mg tablets and injection.

The second notification stated that the advance income tax has also been waived on the said medicine for which it had been exempted from Section 148 of the Income Tax Ordinance.

The third notification read that the government had extended the date for the duty-and-tax-free import of 60 different tools including the kits used for the diagnosis and treatment of Covid-19 until September 30 from June 20.

Remdesivir is an experimental, broad spectrum antiviral made by US pharmaceutical Gilead Sciences that was first developed to treat Ebola, a viral hemorrhagic fever.

It showed early promise in a primate study in 2016 and was later rolled out for a major trial in the Democratic Republic of Congo, where it was compared against three other medicines.

That study concluded in 2019 when it was discontinued because it did not boost survival rates as greatly as two monoclonal antibody drugs, which are lab-engineered immune system proteins.

In February, the US National Institute of Allergy and Infectious Diseases (NIAID) announced it was dusting off remdesivir to investigate against SARS-CoV-2, the pathogen that causes Covid-19, because it had shown promise in animal testing against fellow coronaviruses SARS and MERS.

Previous Post

Lahore Public Hospitals Running out Space for New Patients

Next Post

Govt to Open Schools with Strict SOPs: Shafqat Mahmood

Jameel Ahmad

Jameel Ahmad

Related Posts

Political dialogue essential to address pervading crises, reduce confrontation: President
Pakistan

Political dialogue essential to address pervading crises, reduce confrontation: President

by Jameel Ahmad
September 9, 2022
PM tell cabinet to roll up sleeves to overcome array of challenges
Pakistan

PM tell cabinet to roll up sleeves to overcome array of challenges

by Jameel Ahmad
April 21, 2022
PM stresses enhanced Pak-UK trade, investment ties
Pakistan

PM stresses enhanced Pak-UK trade, investment ties

by Jameel Ahmad
April 21, 2022
Govt reduces flour price to Rs400 per 10kg, sugar to Rs70 per kg for Ramazan
Pakistan

Govt reduces flour price to Rs400 per 10kg, sugar to Rs70 per kg for Ramazan

by Jameel Ahmad
April 20, 2022
Shehbaz Sharif given guard of honuor at PM House
Pakistan

Shehbaz Sharif given guard of honuor at PM House

by Jameel Ahmad
April 12, 2022
Cabinet okays SBP bill, defers mini-budget
Govt.

Cabinet okays SBP bill, defers mini-budget

by Jameel Ahmad
December 29, 2021
‘Taliban won’t allow TTP to use Afghan soil against Pakistan’
Govt.

‘Taliban won’t allow TTP to use Afghan soil against Pakistan’

by Jameel Ahmad
August 24, 2021
Next Post
Govt to Open Schools with Strict SOPs: Shafqat Mahmood

Govt to Open Schools with Strict SOPs: Shafqat Mahmood

Popular Stories

  • Axact Scandal BOL

    Axact Pakistan Offering Fake Diplomas To Earn Millions

    0 shares
    Share 0 Tweet 0
  • Imran Khan Dials Down Anger, says ready to Mend Fences

    0 shares
    Share 0 Tweet 0
  • 10 Most Expensive Pets, Unusual Choices

    0 shares
    Share 0 Tweet 0
  • Govt’s Subsidy Plan Raises Red Flags

    0 shares
    Share 0 Tweet 0
  • 10 Most Attractive Women Lawyers

    0 shares
    Share 0 Tweet 0
Times of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • Govt’s Subsidy Plan Raises Red Flags
  • Imran Khan Dials Down Anger, says ready to Mend Fences
  • Standoff at Imran Zaman Park residence enters second day as skirmishes resume

Times Of Pakistan © 2021. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In