Govt asked to take ac­tion against short­age of drugs

The Pak Banker - - BUSINESS -

IS­LAM­ABAD: Pa­tron Is­lam­abad Cham­ber of Small Traders Shahid Rasheed Butt on Thurs­day has urged that govern­ment to take ac­tion against the ar­ti­fi­cial short­age of life sav­ing drugs. Ac­cord­ing to the press re­lease, he crit­i­cized uni­lat­eral hike in the prices of drugs by some multi­na­tional com­pa­nies terming an il­le­gal move to earn ad­di­tional profit on the cost of poor pa­tients.

Traders would not al­low ex­ploita­tion of masses by phar­ma­ceu­ti­cal with the con­nivance of of­fi­cials con­cerned as the com­pa­nies were al­ready earn­ing good prof­its, he said. He said that Drug Reg­u­la­tory Au­thor­ity of Pak­istan (DRAP) should take ac­tion against th­ese for­eign com­pa­nies lest the lo­cal pharma in­dus­try fol­low the suit bur­den­ing masses. Oth­er­wise, the Drug Pric­ing Com­mit­tee of DRAP be dis­solved and probe should be ini­ti­ated against a top of­fi­cial of DRAP who has served as di­rec­tor in one of the cul­prit com­pany, he de­manded. Shahid Rasheed Butt said that the prices of oil and raw ma­te­rial con­tinue to drop which has re­duced pro­duc­tion cost but sit­u­a­tion in Pak­istan is oth­er­wise where ev­ery­one is al­lowed to plun­der masses for per­sonal wel­fare which would be protested. Shahid said that some com­pa­nies are pick­ing up un­sold stock from the mar­ket to sell it on the new price which is height of dis­crim­i­na­tion. He said that pharma mafia uni­lat­er­ally in­creased prices of medicine in 2013 which no mean­ing­ful ac­tion was ini­ti­ated against them which has em­bold­ened them. An ac­tion should be ini­ti­ated against those who have caused ar­ti­fi­cial short­age of life sav­ing and other drugs in the mar­ket, he de­manded.

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