Pakistan News

    Pharmaceutical Companies In Pakistan Karachi Cow

  • 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...

    Practically, however, the prices could not be reduced because some companies obtained stay orders from the courts...

  • Multinational pharmaceutical companies dodging taxes: report

    ISLAMABAD: A recent report has confirmed years of allegations by local manufacturers of medicines that multinationals not only sell drugs at exorbitant rates but also avoid taxes and are involved in the flight of money in Pakistan and other countries...

    In a report, Prescription for Poverty, Oxfam has claimed that the world’s biggest pharmaceutical companies appeared to be dodging an estimated $3...

  • 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 rivalry often means higher prices

    Two older mainstays among multiple-sclerosis drugs, made by other companies, have increased prices to seven times their 1990s levels to catch up with the prices of newcomers, researchers reported in April in the journal Neurology...

    However, if two companies act independently to follow each other’s price increases, it’s not an antitrust violation, he said...

  • 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...

  • Ministry unable to convince pharmaceutical firms to reduce prices

    However, the chief executive officer (CEO) of the Drug Regulatory Authority of Pakistan (Drap), Dr Mohammad Aslam, told Dawn that as per SRO 1103(I)/2006 the companies can sell their registered drugs below the market rate price approved by the federal government...

    “Some companies have been selling their products below the approved prices and when they adjust their prices it seems that the prices have been increased but the law allows...

  • 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

    ISLAMABAD: Minister for National Health Services (NHS) Aamer Mehmood Kiani has said that 226 medicines worth tens of millions of rupees, manufactured by 59 companies, have been confiscated by the government over the last few days...

    “These companies were selling medicines at prices higher than the maximum retail prices (MRPs) due to which the Drug Regulatory Authority of Pakistan (Drap) was directed to act against these firms...

  • 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)...

    The agenda of the meeting was to evaluate the performance of Drug Regulatory Authority of Pakistan (Drap) with a focus on quality assurance of raw material and end-products, registration and pricing...

  • Drap to begin benchmarking pharmaceutical units tomorrow

    ISLAMABAD: The Drug Regulatory Authority of Pakistan (Drap) has begun benchmarking the country’s pharmaceutical units to check if they are following current good manufacturing practices (CGMP)...

    It aims to bring the authority at par with international standards and pave the way for the export of medicines from Pakistan...

  • Indian cow as a political dish

    Also read: India police seek cow 'mugshots' to enforce beef banTrue, red meat after the age of 50 can raise issues about cholesterol...

    Likewise, the cow has been put in the bubbling communal cauldron...

  • India's top court tells government to stop cow vigilantes

    Critics say that extremists emboldened by the current Hindu nationalist government's tough stance on cow slaughter are using beef as a pretext to target the community...

    Prime Minister Narendra Modi's right-wing Bharatiya Janata Party has promised to completely outlaw cow slaughter across India, and has been accused of turning a blind eye to attacks carried out in the name of protecting the animals...

  • More
Back to top