Pakistan News

    Khalid Mahmood Md Getz Pharma Karachi

  • Getz Pharma converts factory into testing facility for employees

    KARACHI: The Getz Pharma has announced that its factory and head offices will remain closed from Thursday (today) as the premises will be turned into a screening and testing facility for its employees...

    It is expected that the first wave of 100pc testing will be completed in five days from today and all 1,300 employees of Getz Pharma’s head office and factory premises would have been tested,” the company said in a press release on...

  • No regrets for allowing star cricketers to continue: Khalid Mahmood

    LAHORE: Former Pakistan Cricket Board chairman Khalid Mahmood has urged the PCB not only to make public the names of those bookies who roped the Pakistani players in corrupt practices but to also send their cases to the FIA with immediate effect...

    In an exclusive talk with Dawn, Khalid said he has no regrets as then chairman PCB for allowing top players like Wasim Akram, Ijaz Ahmed, Inzamam-ul-Haq, Mushtaq Ahmed and others in 1997-98...

  • ICI acquires pharma facility, brands for Rs1.9bn

    KARACHI: ICI Pakistan Ltd has executed an asset purchase agreement with Wyeth Pakistan Ltd and Pfizer Pakistan Ltd for the acquisition of certain assets at the aggregate purchase price of Rs1...

    ICI stated in a stock notice on Monday that the agreement was signed on May 19 under which the company will acquire a Wyeth-owned pharmaceutical manufacturing facility located on Hawkesbay Road in Karachi along with the following...

  • ‘Pharma companies producing quality drugs’

    KARACHI: Despite pricing and policy constraints, pharmaceutical companies in Pakistan are producing quality drugs under the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) Code of Conduct, a statement released by the representative body of pharma industry said...

    During a visit to a GSK production facility in SITE, Karachi, Pharma Bureau (PB) representatives said that despite regulatory challenges,...

  • Pharma boss who hiked price of life-saving drug arrested

    NEW YORK: Martin Shkreli, the former hedge fund manager vilified in nearly every corner of America for buying a pharmaceutical company and jacking up the price of a life-saving drug more than fifty-fold, was arrested on Thursday on securities fraud charges unrelated to the furore...

    The boyish-looking 32-year-old entrepreneur — a relentlessly self-promoting figure who has called himself "the world's most eligible bachelor" on Twitter and...
  • Pharma companies await resumption of PIA flights to import raw material

    KARACHI: The pharmaceutical industry, beset by suspension of Pakistan International Airlines flights, sees a tough week ahead if operations did not resume, as it relies on raw material imports from India and some other countries...

    Pharma industry brings 90 per cent of raw material from India and China whose import bill hovers between $400 and $500 million per annum, he said, adding that the industry had so far not faced any major...

  • No law to stop pharma companies from importing raw materials

    Foreign pharma companies are having total 2 per cent market share in Bangladesh whereas in Pakistan their share is almost 50 per cent,” she said...

    Dr Khalid Bukhari, the country adviser on medicine and health, World Health Organisation (WHO), told Dawn that compared to China and India the cost of production was higher in Pakistan...

  • Pharma industry blames regulator for medicine shortage

    Their representative body, the Pharma Bureau, urged the Drap in a statement on Tuesday to revise its mechanism for controlling the supply of Ephedrine, Pseudoephedrine and other Active Pharmaceutical Ingredients (API) that are used in manufacturing cough and cold syrups, psychotherapeutic drugs and other medicines...

    However, the Pharma Bureau statement claimed that Drap delays the yearly allocation of quota for raw materials, which...

  • Big Pharma eyes $7.2bn down on the farm for superbug risk

    A sparkling and sprawling 48,000-square-foot two-story structure, decorated with artwork of animals etched onto interior glass walls, recently opened its doors 23 miles outside Indianapolis with one sole purpose: to keep the globe’s 70 billion farm animals healthy...

    That increasingly means less reliance on antibiotics for animals
  • Pharma firms skip meeting to discuss price increase

    However, only Pakistan Pharmaceutical Manufacturers’ Association (PPMA) chairman Hamid Raza attended the meeting while the representatives of Pharma Bureau (the body of multinational companies) and the Pakistan Chemists and Druggists Association (PCDA) did not turn up...

    ”Executive Director Pharma Bureau Ayesha Tammy Haq told Dawn that in 2001 there were 36 multinational companies in the country but their number has decreased to 24...

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