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  • Dutch company to acquire Engro Foods Ltd

    KARACHI: A Dutch dairy cooperative is set to buy out food giant Engro Foods Limited with an investment of around $460million, in what would amount to the largest private sector takeover by a foreign firm in the country's history...

    FrieslandCampina International Holding BV intends to acquire a 51 per cent stake of Engro Foods Limited, one of the largest listed companies at the Pakistan Stock Exchange (PSX), a notification on the bourse's...
  • AGP Ltd raises Rs2.8 billion

    KARACHI: AGP Ltd, a pharmaceutical company in the fold of OBS Group, has raised Rs2...

    At the gong-ringing ceremony at the PSX on Monday that signalled the start of trading of company’s stock, AGP Ltd share price quickly hit the upper circuit of 5 per cent to take the stock price to Rs84, from the offered price of Rs80 a share...

  • President takes notice of downward trend in pharmaceutical exports

    ISLAMABAD: President Mamnoon Hussain has taken notice of downward trend in the country’s pharmaceutical exports and urged relevant quarters to take remedial measures to meet the export target of the industry...

    He presided over a meeting at the Presidency on Friday during which representatives of the Pakistan Pharmaceutical Manufacturers’ Association (PPMA) gave a presentation...

  • Pharmaceutical firms warn govt against fines

    KARACHI: The government should not consider any plan to fine and penalise pharmaceutical companies on account of unauthorised price increase as this would simply lead to the closure of the pharma industry, Pakistan Pharmaceutical Manufacturers’ Association (PPMA) warned in a statement on Thursday...

    There is no point in penalising the pharmaceutical industry for any irrational or illegal price increase of medicines when the industry...

  • Drap takes action against 20 pharmaceutical companies

    ISLAMABAD: After significant criticism regarding its performance, the Drug Regulatory Authority of Pakistan (Drap) has finally taken action against 20 pharmaceutical companies over complaints of poor quality, by cancelling the registration of medicines and suspending licences...

    At the beginning of this year, a number of pharmaceutical companies once again increased medicine prices after obtaining stay orders from the Sindh High...

  • No FDA-approved pharmaceutical plant in Pakistan: SBP

    KARACHI: Pakistan, with a population of 200 million, does not have a single pharmaceutical plant that complies with the standards prescribed by US Food and Drug Administration (FDA), the annual report of the State Bank of Pakistan notes...

    The size of Jordan’s pharmaceutical industry is $1...

  • Pharmaceutical firms set to increase prices of 10,000 drugs

    ISLAMABAD: As the ‘Drug Pricing Policy 2018’ has empowered pharmaceutical companies to increase prices on their own, at least 10,000 medicines will become dearer by up to four per cent next month...

    The pharmaceutical firms have already started preparations and reduced supplies to the market to ensure that the existing stock, which has less maximum retail price (MRP), would be consumed and the sale of the new stock started at the...

  • Govt acts against 59 pharmaceutical firms, seizes drugs

    Read: Minister orders crackdown on firms increasing medicine pricesMr Kiani said that heavy fines were being imposed on those pharmaceutical companies which were involved in illegal increase in prices of medicines...

    The action has been taken after complaints were received that pharmaceutical companies had increased prices of medicines over and above the MRPs allowed by the government...

  • Pharmaceutical firms obtained stay order against price reduction, Senate body told

    ISLAMABAD: Prime Minister Imran Khan’s directions regarding reduction of drug prices could not be implemented as 15 pharmaceutical companies, including multinationals, obtained a stay order from Sindh High Court (SHC)...

    A representative of Drap informed the meeting that 15 pharmaceutical companies, including multinationals, had obtained a stay order against the direction to decrease the prices...

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