Skip to main content

Shortage of medicines likely to be ended in 2.5 months: PPMA

medicines shortage, PPMA, Mansoor Dilawar, sales tax, pharma raw material

The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) Chairman Mansoor Dilawar said on Monday that it will take at least 2.5 months to end the shortage of rare medicines, ARY News reported.

PPMA chairman Mansoor Dilawar said in a press conference that the sales tax on the raw material of the medicines was imposed by the previous government. He added that a special committee was formed to formulate a strategy on sales tax following the orders of Prime Minister Shehbaz Sharif.

He said that the federal government announced slashing sales tax on medicine raw material from 17 per cent to 1 per cent which will come into effect on July 1. The chairman said that the federal government will refund Rs40 billion by July 15.

READ: PUNJAB FACES SHORTAGE OF LIFE-SAVING DRUGS AFTER SALES TAX IMPOSITION

“One per cent sales tax will be imposed on the active raw material of the pharma industry. The country imports raw material for pharmaceutical production and we are currently facing a shortage of nearly 40 medicines. It will take at least 2.5 weeks to end the shortage of rare medicines as the pharmaceutical production will start after the import of the raw material.”

Earlier, health minister Abdul Qadir Patel announced that sales tax on pharma raw materials is being slashed after the reservations.

READ: PHARMA COMPANIES DEMAND INCREASE IN MEDICINE PRICES

Talking to the media in Polyclinic Hospital, Qadir Patel said the issue of 17pc sales tax on pharma raw materials was raised with Prime Minister Shehbaz Sharif. The government has decided to reduce sales tax on the raw material to 1pc from 17 per cent.

Punjab province is facing a shortage of life-saving drugs with pharmaceutical manufacturers blaming sales tax on raw material behind the shortage.

Only limited stock of more than 40 life-saving drugs dealing with fever, aches, mental stress, asthma, cancer, cardiac arrest, lung infection, diabetes, blood pressure, Hepatitis, and other diseases are available in the market.



from Latest Pakistan News Breaking News from All over Pakistan - ARY News https://ift.tt/z01SrFb
Labels:

Comments

Post a Comment

Popular posts from this blog

Elevate Your Style with a Men's Leather Jacket with Fur Collar

When it comes to timeless fashion, the allure of an original leather jacket is undeniable. These iconic pieces have transcended generations, exuding rugged sophistication and individuality. However, if you're seeking to take your style to the next level, consider a distinctive choice: the Men's leather jacket with fur collar . The Appeal of Original Leather Jackets Original leather jackets have long been celebrated for their durability, versatility, and timeless appeal. These jackets are something beyond clothing; they are an assertion of style, an encapsulation of disobedience, and an image of exemplary cool. Whether you're riding a motorcycle, strolling through the city, or attending a casual gathering, an original leather jacket elevates your look. The Allure of a Fur Collar What sets the Men's leather jacket with fur collar apart is its exquisite detailing.The option of a fur collar not just gives an additional layer of warmth during colder months yet in addition ...
Post a Comment
Read more

Imran Khan undergoes medical examination at Shaukat Khanum Hospital

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman and former prime minister Imran Khan visited Shaukat Khanum Hospital in Lahore on Saturday for a medical check-up, ARY News reported. The former premier was sifted to Shaukat Khanum Hospital after he experienced stomach pain The medical professionals initiated a comprehensive examination to determine the underlying cause of his abdominal discomfort. A team of doctors attended him at the medical facility and carried out various tests to determine the cause of his abdominal discomfort. Imran Khan remained at the Shaukat Khanum Hospital for four hours before returning to his residence in Zaman Park. Talking to media a day earlier, the PTI chief emphasised that anyone involved in the mayhem at Corps Commander House should be identified, and his party is willing to help apprehend them “Now, they are claiming that they are hunting down wanted people and not terrorists,” Khan told journalists at his residence after meeting a government de...
Post a Comment
Read more

ARY Digital Network celebrates 22 years of remarkable journey

KARACHI: ARY Digital Network is celebrating the 22nd anniversary of its remarkable journey which began from a small office in London and has made it the largest television network in Pakistan. The television network with its news, movies, drama, music and religious information has served Pakistan diligently for the last 22 years. اے آر وائی نیٹ ورک کے باعث فخر 22 سال #ARYNews #ARYNetwork #pakistankiawazary pic.twitter.com/2ZDqCoC4hD — ARY NEWS (@ARYNEWSOFFICIAL) September 15, 2022 Late Haji Abdul Razzaq Yaqoob laid the foundation of ARY Group. Haji Iqbal founded the ARY Digital Network while Mr Salman Iqbal has been President and CEO of the ARY Digital Network. The network started its transmission from Dubai in 2000. Since then, it has not only upheld professional values in these 22 years but grew into a family of popular channels like ARY Digital, ARY News, ARY Zauq, ARY Zindagi, ARY Qtv, and ARY Music. HBO and Nickelodeon are also the part of ARY Digital Network. Presid...
Post a Comment
Read more