November 23, 2024 04:27 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Pakistan: Medicine makers ask government to resolve pharma industry's issues, hike prices
Pakistan Pharma Industries
Image: Pixabay

Pakistan: Medicine makers ask government to resolve pharma industry's issues, hike prices

| @indiablooms | 10 Feb 2023, 05:58 pm

Islamabad:  The Pakistan Pharmaceutical Manufacturers Association (PPMA) has asked the government to resolve the matters related to the pharma industry, media reports said.

The body asked the government of the country, which is facing a financial crisis, to  adjust prices according to rupee depreciation, input cost increase, and high transportation cost.

In case the demand is not met the industry will collapse soon, the association was quoted as saying by Business Recorder.

In a letter to the prime minister and the federal minister for National Health Services and Regulations, the industry has called for increase in the medicine prices as the industry is heavily dependent on imported raw materials to ensure the uninterrupted availability of medicines in the country.

In view of the foregoing and being compelled and constrained by the circumstances beyond the control of the pharmaceutical industry, it has become completely unsustainable to manufacture medicines and ensure their availability beyond the next seven days, the PPMA letter stated.

In response to the PPMA letter, the Ministry of National Health Services has agreed to discuss the increase in the price of medicines. According to the PPMA officials, a delegation of government headed by Heath Minister Abdul Qadir Patel is likely to meet the PPMA delegation in the next few days.

Chief Executive Officer (CEO) Drug Regulatory Authority of Pakistan (DRAP) Dr Asim Rauf and other relevant stakeholders will also take part in the deliberation.

Sources further told Business Recorder that the meeting would discuss the issues being faced by the pharma industry. The meeting would also consider opening of letters of credit (LCs) to stop the shortage of medicines.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos