In continuing stand-off with government, Pakistani pharma union calls for price hike of 262 drugs

Pharmacy employees wearing facemasks as a preventive measure against the COVID-19 coronavirus attend to customers in Islamabad on March 23, 2020. (AFP/File)
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Updated 11 December 2023
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In continuing stand-off with government, Pakistani pharma union calls for price hike of 262 drugs

  • Pakistan in April approved rise of up to 20 percent in retail prices of general medicines and 14 percent for essential ones
  • Associations have been demanding an across-the-board 39 percent rise, warning that the industry could otherwise collapse

KARACHI: The Pakistan Pharmaceutical Manufacturers Association (PPMA) on Monday called on the federal government to allow an increase in the prices of 262 medicines, the latest in a stand-off with an industry struggling to stem losses from soaring inflation and a weakened currency.

Since June, local and multinational companies have been lobbying the government to raise prices through industry lobby groups like the Pharma Bureau and the PPMA.

Pakistan last approved a rise of up to 20 percent in retail prices of general medicines and 14 percent for essential ones in April, prompting immediate criticism from drug manufacturers who said the increases were too small. Associations have been demanding an across-the-board 39 percent rise, warning that the industry could otherwise collapse.

In its statement on Monday, PPMA said a delay in the price hike would mean “more essential drugs wouldn’t be available in the local market.”

“Revision in prices of these medicines had become highly essential as the last time such an increase had been allowed by the government the value of the dollar was less than Rs 200,” PPMA Central Chairman Mian Khalid Misbah-ur-Rehman was quoted in the statement as saying.

On Monday, the dollar was worth Rs281.75 for buying and Rs284.75 for selling, according to the Exchange Companies Association of Pakistan.

 “In addition to the phenomenal increase in the dollar exchange rate, the production cost of medicines has increased manifold due to record inflation,” Rehman said.

Pakistan’s weekly inflation rate spiked to the highest level in six months in the week ending on December 7, driven by surging food and fuel prices, as per data released by the government.

Rehman warned that more multinational drug producers would be forced to wind up their businesses if the government kept delaying the decision to allow an increase in the prices of medicines.

“The number of multinational pharmaceutical companies in Pakistan has already significantly decreased over the past many years as any further reduction in their number will go against the current efforts of the government to attract foreign investment to Pakistan,” the PPMA chairman said.

Data from the statistics bureau released in March showed the pharma industry had cut overall output by 55 percent since June 2022.

Over 100 essential drugs were already unavailable in the market, Rehman added:

“The patients in such a scenario rely on spurious and smuggled drugs when the locally produced medicines aren’t available in the market.”

PPMA said the sustainability of the Pakistani pharmaceutical industry, which met up to 95 percent demand for medicines in the country, would be “seriously threatened” if the government didn’t review its drug pricing system.

“We have been constantly calling upon the government to pay heed to the ground realities affecting the drug producers in the country as the long-pending hardship cases of medicines should be expeditiously disposed of as per the law,” the PPMA chairman said.

Pakistan’s annual pharmaceutical exports stand at around$300 million, which Rehman said could be increased to $5 billion if the government “consistently implements favorable policies for the drug industry allowing it to adopt state-of-the-art production technologies.”


Noman and Sajid help Pakistan dominate West Indies in spin battle

Updated 4 sec ago
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Noman and Sajid help Pakistan dominate West Indies in spin battle

  • The spin duo shared nine wickets between them to dismiss West Indies for 137
  • Pakistan stretched their lead to 202 by scoring 109-3 in their second innings

MULTAN: Noman Ali and Sajid Khan guided Pakistan to a strong position against the West Indies after another spin-dominated second day’s play in the opening Test in Multan on Saturday.
The spin duo shared nine wickets between them to dismiss the West Indies for 137 in reply to the home team’s 230 all out.
By the close, Pakistan stretched their lead to 202 by scoring 109-3 in their second innings, with Kamran Ghulam and Saud Shakeel batting on nine and two respectively when bad light ended play 25 minutes early.
Left-arm spinner Jomel Warrican (2-17) dismissed Muhammad Hurraira for 29 after an opening stand of 67 and Babar Azam for a second failure, trapped leg-before for five.
Skipper Shan Masood looked solid for his 52, hitting two sixes and two fours, before Warrican ran him out after attempting a quick single.
“The weather is foggy so if we have continuous play and take our lead over 300 then we can win this Test,” said Sajid.
“It’s great to bowl with Noman, who always guides me.”
Warrican wants the target to be under 250.
“Obviously we don’t want to get the lead go over 250 because it’s a spin-favoring surface,” said Warrican.
“We need a good comeback in batting the second time around on this pitch.”
The dry and grassless Multan pitch has already produced 23 wickets in six sessions — 19 on day two — even though two-and-a-half hours were lost on day one and another 30 minutes on Saturday because of poor visibility.
Noman grabbed 5-39 for his seventh five-wicket haul in Tests while Sajid finished with 4-65 to dismiss the West Indies after lunch in a first innings that lasted just 25.2 overs.

Pakistan’s Noman Ali, center, celebrates with teammates after taking the wicket of West Indies Kevin Sinclair during the day two of the first Test cricket match between Pakistan and West Indies, in Multan on January 18, 2025. (AP)

Noman and Sajid, who shared 39 of the 40 wickets in the last two Tests against England in Pakistan’s 2-1 series win last year, were once again unplayable.
Sajid opened the bowling and removed Mikyle Louis (one), Keacy Carty (0), Kraigg Brathwaite (11) and Kavem Hodge (four) in his first three overs.
Noman then further jolted the tourists with another four wickets to leave them tottering on 66-8.
The tailenders showed more resistance, with number 10 batsman Warrican unbeaten on 31 and Gudakesh Motie adding 19.
Jayden Seales was the last wicket to fall for 22.
Seales hit three sixes before holing out off spinner Abrar Ahmed.

West Indies Jomel Warrican, center, celebrates with teammates after taking the wicket of Pakistan’s Salman Ali Agha during the day two of the first test cricket match between Pakistan and West Indies, in Multan on January 18, 2025. (AP)

Earlier, Warrican took 3-69 as Pakistan lost their last six wickets for 43 runs after resuming at 143-4.
Shakeel top-scored for Pakistan with 84 off 157 deliveries, including six boundaries, while keeper Mohammad Rizwan added 71.
Shakeel added an invaluable 141 for the fifth wicket with Rizwan, lifting Pakistan from a precarious 46-4 on day one.


Pakistan begins mandatory Hajj training by holding first session in Peshawar

Updated 10 min 12 sec ago
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Pakistan begins mandatory Hajj training by holding first session in Peshawar

  • The country’s religious affairs ministry plans to hold the training sessions at 147 locations across Pakistan
  • These sessions will use audiovisual material and conclude before the Muslim fasting month of Ramadan

PESHAWAR: Pakistan’s religious affairs ministry on Saturday initiated mandatory training sessions for pilgrims performing this year’s Hajj under the government scheme by holding the inaugural session in the northwestern city of Peshawar.
Earlier this month, Pakistan and Saudi Arabia signed the annual Hajj agreement in Jeddah, which formally confirmed that the South Asian nation would send 179,210 people to perform the pilgrimage this year.
More than 200 pilgrims participated in the first session in Peshawar, held at a private educational institution in the city.
Muhammad Umair Butt, the ministry spokesperson, told Arab News that authorities have planned the mandatory Hajj training sessions at 147 locations across the country.
“According to the Saudi government’s instructions, we have to provide training to Hajj pilgrims to acquaint them with the administrative affairs and other Hajj rituals so they can complete their worship properly,” he said, adding the sessions were also designed to sensitize pilgrims on how to spend their time in Saudi Arabia.

Trainer briefs selected Pakistani pilgrims during Hajj training workshop in Peshawar on January 18, 2025, ahead of the annual pilgrimage in June this year. (AN Photo)

Butt said the training sessions would cover all required topics in two sittings.
“These sessions will be concluded before [the Muslim fasting month of] Ramadan,” he said. “The sessions will be held from January 18 to February 27 across the country in every province.”
The religious affairs ministry has taken several initiatives this year to facilitate pilgrims, including the launch of the Pak Hajj 2025 mobile application to guide them.
The app is available for both Android and iPhone users.

Selected Pakistani pilgrims attend Hajj training workshop in Peshawar on January 18, 2025, ahead of the annual pilgrimage in June this year. (AN Photo)

The ministry spokesperson said each sitting of the training session will last for about three hours, during which pilgrims will receive guidelines through audiovisual material.
Speaking to Arab News, participants of the training session expressed satisfaction with the information shared, saying multiple questions they had about the Hajj rituals had been answered.
“It is good that I attended the first session in which they provided detailed information about the app,” Mujib-ur-Rehman Bhatti, a resident of Peshawar’s Gulbahar neighborhood, said after participating in the training.

Trainer briefs selected Pakistani pilgrims during Hajj training workshop in Peshawar on January 18, 2025, ahead of the annual pilgrimage in June this year. (AN Photo)

He added the ministry had informed all the pilgrims in detail about how to overcome common problems reported during Hajj.
“The things they taught us were for our own ease and can save us from tension ahead,” Bhatti said.
Another participant of the session, Ali Khan, an official at the Civil Aviation who is planning to perform Hajj with his family, called it a “brilliant program.”
“Everything was explained quite well and in significant detail,” he said. “We gathered information from videos, YouTube and other sources. The session was very practical and important.”

Selected Pakistani pilgrims attend Hajj training workshop in Peshawar on January 18, 2025, ahead of the annual pilgrimage in June this year. (AN Photo)

 


Pakistan eyes $3 billion investment as Sindh announces China-backed special economic zone

Updated 18 January 2025
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Pakistan eyes $3 billion investment as Sindh announces China-backed special economic zone

  • CM Murad Ali Shah emphasizes its transformative potential amid hopes for over 100,000 jobs
  • Dhabeji SEZ will be located near Karachi’s ports, offering connectivity to regional trade routes

KARACHI: The provincial administration of Sindh on Saturday announced the establishment of a special economic zone after the signing of a memorandum of understanding supported by Chinese authorities, projecting the initiative to transform Pakistan’s economy by attracting $3 billion in investment and creating over 100,000 jobs.
The announcement is part of the second phase of the China-Pakistan Economic Corridor (CPEC), which aims to enhance industrial development by setting up such economic zones. The first CPEC phase focused on infrastructure and energy projects, while the second phase emphasizes industrial collaboration between the two countries.
The Dhabeji Special Economic Zone (SEZ), which is being developed under public-private partnership by the Sindh administration, is strategically located near Karachi’s ports, offering connectivity to regional trade routes to position it as a vital industrial hub.
“The Dhabeji SEZ is set to transform Pakistan’s economic landscape,” Sindh Chief Minister Syed Murad Ali Shah said, according to an official statement released after the MoU signing.
He added the project would stimulate industrial growth, reduce reliance on imports, boost exports and create a self-reliant and sustainable economy.
Special Assistant to the CM on Investment, Syed Qassim Naveed Qamar, also highlighted the SEZ’s transformative potential.
“This SEZ will create over 100,000 direct and indirect jobs, promote value-added industries and empower local communities through skills development.”
The MoU signing ceremony was also attended by members of the Sindh Cabinet, senior officials and other dignitaries.


Pakistan becomes first country to implement global initiative for digital foreign investment — PM

Updated 18 January 2025
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Pakistan becomes first country to implement global initiative for digital foreign investment — PM

  • The initiative, a collaboration of World Economic Forum and Digital Cooperation Organization, aims to target emerging markets
  • Pakistan focused on four pillars as part of the initiative: digital infrastructure, adoption, new activities and services exports

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday reaffirmed his commitment to cultivating a thriving digital investment ecosystem as Pakistan became the first country to implement a global initiative to drive digital foreign direct investment.
The Digital Foreign Direct Investment Initiative, a collaboration of the World Economic Forum (WEF) and the Digital Cooperation Organization (DCO), was launched in 2022 to enhance cross-border digital investment, particularly in emerging markets.
Pakistan was the first country to volunteer to implement the initiative, marking the beginning of the Digital FDI-Enabling Project (DEP) in 2022. The project is structured around four pillars: digital infrastructure, digital adoption, new digital activities and digital services exports.
In its report issued on Friday, the WEF outlined targeted actions taken by the DEP team in critical areas for growth, carefully tailored to Pakistan’s socioeconomic conditions, regulatory framework and evolving digital landscape.
“From expanding revenues to increasing workforce and global exports, Pakistan is scaling new heights in its stride for digital transformation,” PM Sharif said on X, adding that he was “proud” to witness Pakistan as the first country to implement the initiative.
“We reaffirm our unwavering commitment to cultivating a thriving digital investment ecosystem, paving the way for #DigitalProsperity4All.”
In its report, the WEF noted that a consultative and data-gathering process identified 55 policy options as possible recommendations for addressing gaps in Pakistan’s digital ecosystem and attracting more digital FDI.
These insights were consolidated in a Findings Note that was reviewed by government partners and key industry stakeholders and presented to participants at a consultative workshop. The policy options were collectively prioritized to establish priority actions, according to the report.
Throughout the project, key stakeholders across each category were actively engaged through a series of consultations, follow-up meetings and a dedicated stakeholder workshop. This comprehensive engagement provided invaluable insights into Pakistan’s digital landscape and investment ecosystem to inform the project’s direction and outcomes.
“Pakistan is striving to boost digital foreign direct investment in the country by promoting a ‘digital-friendly’ investment climate,” the report read.
Last year, Pakistan’s State Minister for Information Technology (IT) Shaza Fatima Khawaja said the South Asian country planned to establish a National Digital Commission to ensure digitization of its economy and governance.
The commission will not only improve governance and tax collection efficiency, but it will also make the inter-ministerial coordination smooth, according to Khawaja.
Pakistan, faced with an economic meltdown in recent years, has made rigorous efforts to introduce structural reforms to revive its $350 billion economy.
Khawaja said paperless governance was “vital” to speed up the government operations and the commission would help remove procedural bottlenecks.
Pakistan is part of the 16-member DCO, the world’s first standalone international intergovernmental organization, which focuses on the acceleration of growth of an inclusive and sustainable digital economy.
Other members of the multilateral organization, founded in November 2020, include Bahrain, Bangladesh, Cyprus, Djibouti, Gambia, Ghana, the Hellenic Republic (Greece), Jordan, Kuwait, Morocco, Nigeria, Oman, Pakistan, Qatar, Rwanda and Saudi Arabia, collectively representing nearly $3.5 trillion in GDP and a market of nearly 800 million people, more than 70 percent of whom are under the age of 35.


Noman and Sajid give Pakistan lead in spin-dominated first Test

Updated 18 January 2025
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Noman and Sajid give Pakistan lead in spin-dominated first Test

  • Noman grabbed 5-39 for his seventh five-wicket haul in Tests, Sajid finished with 4-65
  • Pakistan earlier lost their last six wickets for 43 runs after resuming the day at 143-4

MULTAN: Spin pair Noman Ali and Sajid Khan shared nine wickets between them to give Pakistan a 93-run lead on the second day of the opening Test against West Indies in Multan on Saturday.
Noman grabbed 5-39 for his seventh five-wicket haul in Tests, while Sajid finished with 4-65 to dismiss the West Indies for 137 after lunch in a first innings that lasted just 25.2 overs.
Pakistan earlier lost their last six wickets for 43 runs after resuming at 143-4 and were bowled out for 230 in their first innings.
The dry and grassless Multan pitch has already produced 20 wickets in five sessions even though two-and-a-half hours were lost on day one, and another 30 minutes on Saturday, because of poor visibility.
Noman and Sajid, who shared 39 of the 40 wickets in the last two Tests against England in Pakistan’s 2-1 series win last year, were once again unplayable.

Sajid opened the bowling and removed Mikyle Louis (one), Keacy Carty (0), Kraigg Brathwaite (11) and Kavem Hodge (four) in his first three overs.

Pakistan’s Said Khan (center) celebrates with teammates after taking the wicket of West Indies Mikyle Louis during the day two of the first Test cricket match between Pakistan and West Indies, in Multan on January 18, 2025. (AP)

Noman then further jolted the tourists with another four wickets to leave them on 66-8.
The tail-enders showed more resistance, with number 10 batsman Jomel Warrican unbeaten on 31, with Gudakesh Motie adding 19 and Jayden Seales the last wicket to fall for 22.
Seales hit three sixes before holing out off spinner Abrar Ahmed.
Warrican also took 3-69 in Pakistan’s innings.

West Indies Jomel Warrican (third left) celebrates with teammates after taking the wicket of Salman Ali Agha during the second day of the first Test match against Pakistan in Multan, Pakistan, on January 18, 2025. (PCB)

Saud Shakeel top-scored for Pakistan with 84 off 157 deliveries, including six boundaries, while keeper Mohammad Rizwan added 71.
Shakeel added an invaluable 141 for the fifth wicket with Rizwan, lifting Pakistan from a precarious 46-4 on day one.
Kevin Sinclair sparked the Pakistan batting collapse by taking Shakeel’s wicket with the first ball after drinks.

Pakistan’s Saud Shakeel, center, plays a shot during the day two of the first test cricket match between Pakistan and West Indies, in Multan on January 18, 2025. (AP)

He then trapped Rizwan leg-before off a missed reverse sweep, the original decision of not out overturned on review.
Rizwan’s 133-ball stay included nine boundaries.
Sajid hit a boundary and a six in a rapid-fire 18 before he was bowled by Warrican on the stroke of lunch to end Pakistan’s innings.