Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • PM Modi in Manipur
  • Charlie Kirk killer
  • Sushila Karki
  • IND vs PAK
  • India-US ties
  • New human organ
  • Downton Abbey: The Grand Finale Movie Review
fp-logo
Pakistan to run out of medicines 'in a week'
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • World
  • Pakistan to run out of medicines 'in a week'

Pakistan to run out of medicines 'in a week'

Sandeep Sharma • February 7, 2023, 14:07:20 IST
Whatsapp Facebook Twitter

In a letter to the Pakistani government, Pakistan Pharmaceutical Manufacturers Association has demanded an increase in medicine prices, adding that all the factories across the country would be closed if the government does not increase the prices ‘in a week’

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Pakistan to run out of medicines 'in a week'

Islamabad: In a week’s time, Pakistan might run out of essential medicines as 40 pharmaceutical companies have stated that the are unable to continue production due to lack of raw material and delay in their cases seeking price increase. The Pakistan Pharmaceutical Manufacturers Association (PPMA) has given a one-week ultimatum to the Shehbaz Sharif-led government and said that it would close factories across the country if their demands are not met. On the other hand, Pakistan’s health ministry has assured that it would make sure there was no shortage of medicines in the country, Dawn reported. Medicine crisis In a letter to Ministers of Finance and Health, and the Drug Regulatory Authority of Pakistan (DRAP), PPMA has demanded an increase in medicine prices. It added that all the factories across the country would be closed if the government did not increase the prices “in a week”. Furthermore, it was stated that courts had not made decisions in their cases requesting price increases under the “hardship category.” If production costs exceed the maximum sale price, businesses may pursue legal actions to raise prices under the hardship category, reports said. PPMA chairman Syed Farooq Bukhari said the association had demanded a 28.5 per cent across-the-board increase in prices. “In 2018, one US dollar was of around Rs140 but now, due to depreciation of rupee, that value has increased to around Rs270. Because of this situation 40 companies have written letters to the health ministry and Drap that they will not be able to continue production of medicines (after) one week,” Dawn quoted Bukhari as saying. Pharma companies are witnessing a severe shortage of dollars, informed pharma bureau executive director Ayesha Tammy Haq. “It is unfortunate that the government has dollars to import vehicles but LCs (letters of credit) are not being opened. A number of containers are not being cleared. We have run out of raw material. Moreover, there is massive devaluation of rupee as it has dropped by PKR 60 against the dollar in just one month,” she said. Adverse impact of COVID-19 The pharmaceutical industry of Pakistan, which is currently going through a severe economic crisis, is majorly dependent on import of raw materials. “Unfortunately, the pharmaceutical industry suffered a devastating blow as prices of the Active Pharmaceutical Ingredients i.e. raw material used in the manufacturing of drugs increased exponentially in the international market since the outbreak of COVID-19 pandemic. Simultaneously, factors of production like cost of fuel, electricity, freight charges and packing material witnessed unprecedented increase during the same period,” the letter read. The letter further stated that the pharma sector repeatedly pleaded with the Shehbaz Sharif-led government and DRAP to take corrective action by allowing inflationary changes in the maximum retail pricing of medicines, which if ignored would lead to the collapse of the sector. However, the Pakistani government did not take any measures in this regard, the letter added. “It has become completely unsustainable to manufacture medicines and ensure their availability beyond the next seven days,” it said. (With inputs from agencies) Read all the Latest News , Trending News ,  Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

Tags
Pakistan Shehbaz Sharif COVID19 pakistan pharmaceutical companies
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

‘The cries of this widow will echo’: In first public remarks, Erika Kirk warns Charlie’s killers they’ve ‘unleashed a fire’

‘The cries of this widow will echo’: In first public remarks, Erika Kirk warns Charlie’s killers they’ve ‘unleashed a fire’

Erika Kirk delivered an emotional speech from her late husband's studio, addressing President Trump directly. She urged people to join a church and keep Charlie Kirk's mission alive, despite technical interruptions. Erika vowed to continue Charlie's campus tours and podcast, promising his mission will not end.

More Impact Shorts

Top Stories

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Top Shows

Vantage Firstpost America Firstpost Africa First Sports

QUICK LINKS

  • Trump-Zelenskyy meeting
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV