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.”


Pakistani politicians acknowledge Dubai properties revealed in data leak, say all assets duly declared

Updated 10 sec ago
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Pakistani politicians acknowledge Dubai properties revealed in data leak, say all assets duly declared

  • Dubai Unlocked investigative project has revealed Pakistanis own residential properties worth $11 billion in Dubai 
  • UAE working in recent years to tighten legislation, increase cooperation with foreign law enforcement on extradition

ISLAMABAD: Top Pakistani politicians have dismissed a new leak of records that has revealed residential properties worth around $11 billion owned by the country’s political, military and business elite in Dubai, saying all mentioned assets had been legally declared.

Dubai Unlocked, an investigative project involving more than 70 media outlets around the globe, has revealed the ownership of properties in the Emirate of prominent global figures, including alleged money launderers and drug lords, political figures accused of corruption and their associates, and businessmen sanctioned for financing terrorism, among others.

The data spans 2020 and 2022 and only includes residential properties.

Pakistanis listed in leaks include President Asif Ali Zardari’s three children, former Prime Minister Nawaz Sharif’s son Hussain Nawaz Sharif, Interior Minister Mohsin Naqvi’s wife, Sindh provincial minister Sharjeel Memon and family members, Senator Faisal Vawda, Pakistan Tehreek-e-Insaf lawmaker Sher Afzal Marwat, and half a dozen lawmakers from the Sindh and Balochistan assemblies.

The Pakistani list also features the late Gen (retired) Pervez Musharraf, former prime minister Shaukat Aziz, former army chief Qamar Javed Bajwa’s son, and more than a dozen retired army generals as well as a police chief, an ambassador and a scientist, all of whom owned properties either directly or through their spouses and children.

Pakistani politicians and others were last named in the 2016 Panama Papers, leaked documents that showed how the rich exploit secretive offshore tax regimes.

“What is the new thing here,” Defense Minister Khawaja Muhammad Asif said on X, dismissing the leaks and saying all those named in the data were already known to have properties abroad.

Explaining his position on the issue, Pakistan’s interior minister Mohsin Naqvi said the Dubai property bought in his wife’s name in 2017 was fully declared and listed in tax returns.

“It was also declared in returns submitted to the Election Commission as caretaker CM [chief minister] of Punjab,” he said in an X post. “The property was sold a year ago, and a new property was purchased recently with the proceeds.”

Pakistan Tehreek-e-Insaf (PTI) lawmaker and ex-PM Imran Khan aide, Sher Afzal Marwat, admitted he owned an apartment in Dubai, but had declared it with authorities in Pakistan, including the Federal Board of Revenue and the Election Commission of Pakistan.

“It can be confirmed with both the FBR and as well as ECP,” he said.

President Zardari’s Pakistan Peoples Party also said the properties of its leaders in Dubai had been duly declared in tax returns.

The property records at the heart of the Dubai Unlocked project come from multiple data leaks, mostly from the Dubai Land Department, as well as publicly owned utility companies. Taken together, the data provides a detailed overview of hundreds of thousands of properties in Dubai and information about their ownership or usage.

The data was obtained by the Center for Advanced Defense Studies (C4ADS), a non-profit organization based in Washington that researches international crime and conflict. It was then shared with Norwegian financial outlet E24 and the Organized Crime and Corruption Reporting Project (OCCRP), which coordinated an investigative project with dozens of media outlets from around the world.

The UAE was dealt a major reputational blow in March 2022 when it was flagged by global watchdog, the Financial Action Task Force (FATF), for “deficiencies” in its systems to combat money laundering and terror financing.

The move, which threatened to tarnish Dubai’s reputation as a premier center of finance, sparked a concerted effort by UAE authorities to tighten legislation and increase cooperation with foreign law enforcement on extradition.

 


US pledges increasing communication on terrorism, technical assistance for Pakistan’s border security

Updated 26 min 56 sec ago
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US pledges increasing communication on terrorism, technical assistance for Pakistan’s border security

  • The State Department says the US agreed to help Pakistan with investigations related to IED attacks
  • It refuses to answer question about a recent drone attack in Pakistan that killed at least four villagers

ISLAMABAD: The United States said on Monday it had promised to provide technical assistance to Pakistan along its western border to deal with the threat of militant violence in the recent round of Counterterrorism Dialogue between the two countries held earlier this month.

The dialogue was initiated after the United States moved against the Taliban administration in Afghanistan after the September 11, 2001, attacks, aiming to provide a bilateral forum to both countries to address mutual concerns over militant violence.

The most recent phase of the dialogue took place on May 10 where Pakistan’s additional foreign secretary for the United Nations Syed Haider Shah co-chaired the meeting with US State Department Coordinator for Counterterrorism Elizabeth Richards.

“We confirmed with Pakistan today our bilateral intention to increase our capacity to meet emerging threats, specifically to increase communication on terrorism – specifically terrorism trends and movements of concern – in a way that is not just actionable within Pakistan but also an area that is actionable between our two countries,” State Department’s Principal Deputy Spokesperson Vedant Patel said during a media briefing.

“We also agreed about preventing and deterring terrorist groups and the work that can be done in that place, such as counter-IED [improvised explosive device] investigations, technical assistance at Pakistan’s western border, and other issues.”

The latest round of the Counterterrorism Dialogue was held against the backdrop of a surge in militant attacks in Pakistan by a proscribed network, Tehreek-e-Taliban Pakistan (TTP), whose leadership is reportedly based in neighboring Afghanistan.

Officials in Islamabad have frequently complained in recent months the Afghan interim administration in Kabul is not doing enough to clamp down on TTP militants and prevent them from launching attacks on Pakistani security forces and civilians.

The US withdrawal from Afghanistan was contingent upon several guarantees from the Taliban, one of which was that the Taliban would not allow any group or individual to use Afghan soil to threaten the security of the United States and its allies.

The agreement was signed in February 2020 in Doha, Qatar, and included commitments by the Taliban to sever ties with militant organizations like Al Qaeda.

The State Department official was also asked about a drone attack in South Waziristan in Pakistan’s Khyber Pakhtunkhwa province this week that killed at least four villagers. However, he did not answer the question.

“I don’t have anything for you on that,” he said. “I’d refer you to my colleagues at the Pentagon.”


Army major killed in gunfight with militants in Pakistan’s southwest

Updated 15 May 2024
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Army major killed in gunfight with militants in Pakistan’s southwest

  • The intelligence-based operation was conducted in Zhob district of Pakistan’s restive Balochistan province
  • Balochistan is the site of a low-level insurgency by separatists who have recently carried out multiple attacks

ISLAMABAD: An army major and three militants were killed in a gunfight in Pakistan’s southwestern Balochistan province, the Pakistani military said on Tuesday.

The exchange of fire occurred during an intelligence-based operation in Sambaza area of Balochistan’s Zhob district, according to the Inter-Services Public Relations (ISPR), the military’s media wing.

Security forces effectively engaged the militants and killed three of them, seizing weapons, ammunition and explosives from the scene.

“During the intense exchange of fire, leading his troops from the front, Major Babar Khan (age: 33 years, resident of District Mianwali) having fought gallantly, paid the ultimate sacrifice and embraced Shahadat,” the ISPR said in a statement.

“Sanitization operation is being conducted to eliminate any other terrorist present in the area.”

Balochistan, which borders Afghanistan, is the site of a low-level insurgency by separatists, who have recently carried out a number of attacks in the region.

In one of the major attacks, gunmen last month killed nine people, who hailed from the eastern Punjab province, after abducting them from a bus on a highway near the Noshki district. The outlawed Balochistan Liberation Army (BLA) group claimed responsibility for the attack.

Although the government says it has quelled militancy, violence by various groups has persisted in the region.


Islamabad rejects ‘unhealthy’ remarks by Indian politicians about Pakistan’s nuclear capability, Kashmir

Updated 14 May 2024
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Islamabad rejects ‘unhealthy’ remarks by Indian politicians about Pakistan’s nuclear capability, Kashmir

  • Pakistan has been key topic of Indian election speeches by PM Narendra Modi, top leaders of his ruling BJP party
  • Foreign Office urges Indian politicians to stop dragging Pakistan into their domestic politics for ‘electoral gains’

ISLAMABAD: Pakistan’s foreign office on Tuesday rejected “baseless” and “unhealthy” remarks by Indian Prime Minister Narendra Modi and other members of his cabinet regarding Pakistan’s nuclear program, Kashmir dispute and other regional issues, which came during campaigning for ongoing elections in India.

Pakistan has been a key topic of speeches by Indian leaders during campaign rallies, with Modi and top leaders from his ruling Bharatiya Janata Party (BJP) making strong statements about their South Asian neighbor.

At an election rally in Bihar this week, Modi indirectly referred to National Conference leader Farooq Abdullah’s remarks about Pakistan’s nuclear capabilities and said he would make Pakistan “wear bangles.”

Noting the “alarming” surge in anti-Pakistan rhetoric, Pakistan’s Foreign Office said it rejected the “irresponsible statements” by Indian leaders about the Jammu and Kashmir dispute, counter-terrorism efforts, bilateral relations and Pakistan’s nuclear capabilities.

“Regrettably, these statements reflect an unhealthy and entrenched obsession with Pakistan and reveal a deliberate intent to exploit hyper-nationalism for electoral gains. These also signify a desperate attempt to deflect attention from mounting domestic and international criticism,” Mumtaz Zahra Baloch, a Pakistani foreign office spokesperson, said in a statement.

“The bravado and jingoism exhibited by Indian leaders expose a reckless and extremist mindset. This mindset calls into question India’s capacity to be a responsible steward of its strategic capability. On the other hand, the purpose of Pakistan’s strategic capability is to safeguard its sovereignty and defend its territorial integrity.”

Baloch noted that Pakistan had clearly demonstrated its resolve to defend itself in the past and would not “hesitate to do so in the future should the Indian side choose to embark on a misadventure.”

About Indian Union Home Minister Amit Shah’s claim that Azad Kashmir was part of India, she said Jammu and Kashmir was an internationally-recognized disputed territory and the relevant UN Security Council resolutions clearly mandated a plebiscite in the territory for its final determination.

“No amount of inflated Indian statements can change this reality,” Baloch said. “India should, therefore, focus on implementing these resolutions instead of indulging in fantasies of grandeur.”

The Himalayan territory of Kashmir has been divided between India and Pakistan since their independence from Britain in 1947, with both countries ruling part of the territory but claiming it in full.

The western portion of the larger Kashmir region is administered by Pakistan as a nominally self-governing entity, while India rules the southern portion as a union territory.

Baloch urged Indian politicians to stop dragging Pakistan into their domestic politics for “electoral gains” and to handle sensitive strategic matters with “utmost caution.”

“We call upon the international community to take note of Indian leadership’s belligerent rhetoric, which poses a grave threat to regional peace and stability,” she said.

“The vision of peace, progress, and prosperity in South Asia can only be realized through the peaceful resolution of all outstanding disputes, including Jammu and Kashmir, and a shift from confrontation to cooperation.”


UK universities at risk as number of students from Pakistan, other nations plunge — report

Updated 14 May 2024
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UK universities at risk as number of students from Pakistan, other nations plunge — report

  • Students from Pakistan, India, Nigeria and China account for 70 percent of graduate visas
  • The Migration Advisory Committee found no evidence of widespread abuse for graduate route

LONDON: Britain should avoid further restricting international student numbers or some universities may collapse, a government commissioned report said on Tuesday, after foreign registrations plummeted for next year.

High levels of legal migration have long dominated Britain’s political discourse and were one of the major drivers for the Brexit referendum in 2016.

Along with care staff and low salaried workers, the government of Prime Minister Rishi Sunak has sought to reduce the number of students coming to Britain, including preventing some post-graduate students from bringing family members.

The Migration Advisory Committee, an independent body which gives the government advice, said the number of international postgraduate students paying deposits to study at British universities this September had dropped by 63 percent, compared with the previous year, after the government put restrictions on education visas.

The report warned that further restrictions on the so-called graduate route, which allows foreign students to work in Britain for up to two years after graduation, would lead to job losses, course closures and a risk “that some institutions would fail.”

Britain boasts some of the most famous and sought after universities in the world, from Oxford and Cambridge to Imperial College London. Business leaders argue that they boost innovation, increase creativity and provide a form of soft power, as many world leaders have studied at British colleges.

The government commissioned the review after concerns that the graduate visa route was being abused. Some British politicians have complained that some students are applying for visas and then claim asylum or overstay.

Esther McVey, a minister in Sunak’s cabinet, said on Monday that some British universities were “selling immigration to international students rather than education.”

A spokesman for Sunak said the government would consider the report and respond. But the spokesman highlighted concerns about the scheme, pointing out that more than 40 percent of international students using the route were either not working or earning below 15,000 pounds ($18,834) a year after graduation.

The Migration Advisory Committee found there was no evidence of widespread abuse specifically for the graduate route. Students from four countries – India, Nigeria, China and Pakistan – account for 70 percent of graduate visas.

British business lobby group, the CBI, said British universities were one of the country’s biggest export successes, and with the Migration Advisory Committee saying the system was not being abused “it’s time to put its future beyond doubt and end this period of damaging speculation.”