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Your source for latest Pakistan, world news. Stay updated on politics, business, sports, lifestyle, CPEC, and breaking news. Accurate, timely, and comprehensive coverage.

The Punjab Revenue Authority (PRA) has launched a series of inspections across various restaurants in Lahore to ensure compliance with registration and tax regulations.

Under the directives of the Commissioner PRA Lahore, enforcement officers are actively verifying the registration status of restaurants in the city. This initiative aims to bring unregistered businesses into the tax net and promote transparency. In line with these efforts, show-cause notices have been issued to several restaurants that have failed to register with the PRA, urging them to regularize their status. Registered restaurants found to be non-compliant in tax payments have also received show-cause notices.

Furthermore, restaurants that have not installed the Electronic Invoice Monitoring System (EIMS) as required by law have also been served with notices, emphasizing the need for immediate compliance.

Restaurants found in violation of these regulations, including those that have failed to register, install the EIMS, or make timely tax payments, have been granted a one-week grace period to fulfill their obligations. Failure to comply within the specified time may result in penalties and stringent legal action.

The Punjab Revenue Authority remains committed to ensuring tax compliance and improving revenue collection.

The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.08 percent for the combined consumption groups during the week ended on October 10, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 318.91 points as compared to 319.17 points during the past week.
As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 12.74 per cent.
The weekly SPI with the base year 2015-16 =100 covers 17 urban centres and 51 essential items for all expenditure groups.

Likewise, SPI for the lowest consumption group of up to Rs 17,732 witnessed decrease of 0.09 per cent and went down to 312.91 points from last week’s 313.20 points.
The SPI for consumption groups of Rs 17,732 to 22,888; Rs 22,889-29,517; Rs 29,518-44,175 and above Rs 44,175, decreased by 0.10 percent, 0.07 percent, 0.08 percent and 0.08 percent respectively.
During the week, out of 51 items, prices of 15 (29.42%) items increased, 08 (15.68%) items decreased and 28 (54.90%) items remained stable.

The items, which recorded major decrease in their average prices on a week-on-week basis included tomatoes (19.79%), bananas (2.91%), sugar (1.47%), pulse mash (1.16%), chicken (0.84%), pulse moong (0.40%), eggs (0.27%) and pulse masoor (0.20%).

The commodities which recorded major increase in their average prices on week-on-week basis included onions (4.14%), wheat flour (1.85%), pulse gram (0.63%), mustard oil (0.35%), potatoes (0.30%), LPG (0.25%), gur and cooking oil 5 litre (0.23%) each, vegetable gee 1 kg (0.14%), firewood (0.12%) and cigarettes (0.06%).—APP