PM Shehbaz vetoes another summary to raise prices of medicines

[VCheng]

Now the govt has decided not to increase the prices, ab 2 maheenay baad jab companies will stop production, then the government will plead with them to restart production and the price will be what the manufacturer demands.

But the people will believe that the gornamint is watching out for them. It is not stupid as this fraud always works. Rinse. Repeat.

 

[Jango]

But the people will believe that the gornamint is watching out for them. It is not stupid as this fraud always works. Rinse. Repeat.

Works for the short term, wrecks us in the long term.

People should follow the model of KP government to control inflation, which they have developed in last 10 years. By the way, DC Peshawar does not bother to issue the rate of poultry, just directly issues the rate set by the poultry cartel, good governance at its best.

https://twitter.com/x/status/1569875817395634177

PM Shehbaz should bow down in front of pharma cartel just like KP government or previous government of Imran Khan.

Arguing with you is like driving your car into a wall at 100 kph...

 

[VCheng]

Works for the short term, wrecks us in the long term.

True, but that dictum remains national policy across major decisions for some unfathomable reason.

 

[muhammadhafeezmalik]

Works for the short term, wrecks us in the long term.



Arguing with you is like driving your car into a wall at 100 kph...

48m ‘hoarded’ Panadol tablets confiscated from warehouse in Karachi’s Hawkesbay: Sindh govt​

The Sindh Health Department on Thursday raided a warehouse in Karachi’s Hawkesbay area and confiscated 48 million “hoarded” Panadol tablets, according to officials.


Provincial Drug Inspector Dilawar Ali Jiskani told Dawn.com that the warehouse was owned by GlaxoSmithKline Consumer Healthcare Ltd.


“The seized medicines were being hoarded to sell them at expensive rates in the market,” he alleged, adding that the price of the tablets was estimated to be Rs250 million.


Jiskani added that the police have initiated a probe into the incident.


The development was also confirmed by Karachi Administrator Murtaza Wahab who, in a tweet, said that Panadol tablets were being hoarded at a time when the medicine was important for treating patients.

https://twitter.com/x/status/1570403212372361216

“Good assertiveness shown by the administration. Legal action is being further taken,” he tweeted.

Panadol tablet is manufactured by GlaxoSmithKline and is the brand name of the Paracetamol drug. It’s an antipyretic drug that’s frequently used for fever and pain. Demand for the tablet has been high, particularly in the wake of the flooding and rising cases of dengue fever.

However, in a statement later in the day, GlaxoSmithKline confirmed that a raid was conducted at one of its warehouses but refuted claims of hoarding Panadol tablets.

“We firmly reject the claims related to hoarding Panadol intentionally to create shortage,” it said, clarifying that the stocks at the warehouse were intended to be released and distributed in the country in the “normal course of business”.

The statement said that the company was led with the purpose of delivering everyday health to humanity. “This has been shown through our commitment to the people of Pakistan throughout challenging times.”

“We continue to supply Panadol products in the country and have adjusted our production capacity to ensure some product availability, despite market obstacles,” it added.

In a press conference earlier this week, Federal Minister for National Health Services (NHS) Abdul Qadir Patel accused pharmaceutical companies of creating an artificial shortage of medicines, especially Paracetamol, and warned them none of their “blackmail” tactics would work on him.

“I would suggest the media should criticise the pharmaceutical companies rather than the government as companies have created an artificial shortage. Similarly, some politicians have been doing marketing of a pharmaceutical company and its brand rather than focusing on the issue of flood victims,” he said.

On the other hand, the Pakistan Pharmaceutical Manufacturers Association (PPMA) has said that the drug shortage had been caused by an exorbitant increase in production costs.

48m ‘hoarded’ Panadol tablets confiscated from warehouse in Karachi’s Hawkesbay: Sindh govt

Pharmaceutical company rejects claims of hoarding, says stocks were intended to be released and distributed.

www.dawn.com

 

[maithil]

^^^

How many months before GsK decides to wrap up its operations in Pakistan? Why would any big MNC bother to operate in a country which earns them PR headline like " GSK caught hoarding Paracetamol tablets in drowning Pakistan " ?

 

[JohnyD]

India producing almost all drugs but the prices of almost all medicines have gone up by up to 50% in last 3-4 years...mainly to blame the cut system in India...

 

[ghazi52]

.,.,

 

[Verve]

I GSK's Panadol is not being manufactured why don't people switch to Calpol which has same formula and easily available??

Lol .. this is like comparing Xanax and Alp!

 

[Jango]

48m ‘hoarded’ Panadol tablets confiscated from warehouse in Karachi’s Hawkesbay: Sindh govt​

The Sindh Health Department on Thursday raided a warehouse in Karachi’s Hawkesbay area and confiscated 48 million “hoarded” Panadol tablets, according to officials.


Provincial Drug Inspector Dilawar Ali Jiskani told Dawn.com that the warehouse was owned by GlaxoSmithKline Consumer Healthcare Ltd.


“The seized medicines were being hoarded to sell them at expensive rates in the market,” he alleged, adding that the price of the tablets was estimated to be Rs250 million.


Jiskani added that the police have initiated a probe into the incident.


The development was also confirmed by Karachi Administrator Murtaza Wahab who, in a tweet, said that Panadol tablets were being hoarded at a time when the medicine was important for treating patients.

https://twitter.com/x/status/1570403212372361216

“Good assertiveness shown by the administration. Legal action is being further taken,” he tweeted.

Panadol tablet is manufactured by GlaxoSmithKline and is the brand name of the Paracetamol drug. It’s an antipyretic drug that’s frequently used for fever and pain. Demand for the tablet has been high, particularly in the wake of the flooding and rising cases of dengue fever.

However, in a statement later in the day, GlaxoSmithKline confirmed that a raid was conducted at one of its warehouses but refuted claims of hoarding Panadol tablets.

“We firmly reject the claims related to hoarding Panadol intentionally to create shortage,” it said, clarifying that the stocks at the warehouse were intended to be released and distributed in the country in the “normal course of business”.

The statement said that the company was led with the purpose of delivering everyday health to humanity. “This has been shown through our commitment to the people of Pakistan throughout challenging times.”

“We continue to supply Panadol products in the country and have adjusted our production capacity to ensure some product availability, despite market obstacles,” it added.

In a press conference earlier this week, Federal Minister for National Health Services (NHS) Abdul Qadir Patel accused pharmaceutical companies of creating an artificial shortage of medicines, especially Paracetamol, and warned them none of their “blackmail” tactics would work on him.

“I would suggest the media should criticise the pharmaceutical companies rather than the government as companies have created an artificial shortage. Similarly, some politicians have been doing marketing of a pharmaceutical company and its brand rather than focusing on the issue of flood victims,” he said.

On the other hand, the Pakistan Pharmaceutical Manufacturers Association (PPMA) has said that the drug shortage had been caused by an exorbitant increase in production costs.

48m ‘hoarded’ Panadol tablets confiscated from warehouse in Karachi’s Hawkesbay: Sindh govt

Pharmaceutical company rejects claims of hoarding, says stocks were intended to be released and distributed.

www.dawn.com

Bhai jan, this was a single day's production of GSK Panadol.

This was a shipment which rolled off the production line a day before, and was waiting to be sent up country. I have a friend who worked previously in GSK and still has contacts there, this is what he said. The upcountry shipments are delayed due to the flooded routes, but still this was well within the lead time of shipment.

GSK ko bhagana hai to aisay shosha lagayi rakho...maheenay main nikal jaye ga GSK.

Lagay raho munna bhai aisi chawwlain marna for cheap publicity.