No Result
View All Result
Tuesday, June 17, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Kuberaa trailer

    Trailer of Dhanush, Nagarjuna, and Rashmika’s thriller ‘Kuberaa’ unveiled

    Traitors

    Karan Johar’s ‘Traitors’: Everything you need to know

    Rana Naidu Season 2

    Rana Naidu Season 2: Stream it or skip it?

    Ginny and Georgia

    Ginny and Georgia: Will there be a Season 4?

    Deemak

    Pakistani horror ‘Deemak’: Hit or flop?

    Samra Batool

    Bhakkar tragedy: TikToker Samra Batool shot dead in her home

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Kuberaa trailer

    Trailer of Dhanush, Nagarjuna, and Rashmika’s thriller ‘Kuberaa’ unveiled

    Traitors

    Karan Johar’s ‘Traitors’: Everything you need to know

    Rana Naidu Season 2

    Rana Naidu Season 2: Stream it or skip it?

    Ginny and Georgia

    Ginny and Georgia: Will there be a Season 4?

    Deemak

    Pakistani horror ‘Deemak’: Hit or flop?

    Samra Batool

    Bhakkar tragedy: TikToker Samra Batool shot dead in her home

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Uncategorized

Medicines’ shortage looms as SBP refuses to issue LCs

MM News Staff by MM News Staff
December 1, 2022

Pharmaceutical manufacturers have warned that the State Bank of Pakistan’s (SBP) refusal to issue letters of credit (LCs) could trigger a medicine shortage as local banks are not issuing the document required for the import of raw material and medical devices due to dollar liquidity crunch.

 “The State Bank Pakistan (SBP) has verbally conveyed to all local banks not to open LCs for the import of Active Pharmaceutical Ingredients (API) due to shortage of dollars in the country. We have the money to buy medicines’ raw material from abroad but dollars liquidity crunch in the country may result in shortage of medicines in Pakistan in the weeks and months ahead,” Arshad Mahmood, Chairman of Pakistan Pharmaceutical Manufacturers Association (PPMA), North Region, told newsmen after attending the National Assembly’s Standing Committee on Health meeting.

“Most of the pharmaceutical companies have only two months’ raw material available with them and they are unable to place orders for the raw material for the future. If LCs are not opened soon, it may result in medicine shortages like the shortage of Panadol, which was not available in most parts of the country.”

 “The Panadol shortage was due to the price issue but now we are facing double jeopardy as on the one hand prices are not being increased while on the other hand, raw material is not being imported due to dollars’ unavailability with the central bank,” Arshad Mehmood added.

The PPMA’s head for the North Region briefed the MPs that imports make up the majority of Pakistan’s pharmaceutical industry’s raw materials.

Mahmood claimed that the depreciation of the rupee, rising fuel prices, higher transportation costs, and growing wages were all contributing factors to the rising cost of manufacturing as well as the rising cost of raw materials.

The PPMA representative further explained that, in contrast to other businesses, the state and manufacturers regulated the prices of medications, and they were unable to raise them on their own. Since their cost of production has become intolerable for manufacturers, certain of the necessary drugs are no longer produced and are not offered on the local market, he noted.

ShareTweetSendShare
Previous Post

PSX remains in green as KSE-100 gains 44 points

Next Post

Famous music composer, director Nisar Bazmi remembered

Related Stories

File photo
Uncategorized

Israel furious as France shuts weapons stands at Paris Airshow

June 16, 2025
File photo
Uncategorized

US warship USS Nimitz rushes to Middle East as Iran-Israel war heats up

June 16, 2025
File photo
Uncategorized

Pakistan ‘shuts’ its border with Iran

June 16, 2025
MM News photo
Uncategorized

Senior politician Mahmood Moulvi meets Maulana Fazlur Rehman

June 14, 2025
Khawaja Asif
Uncategorized

Khawaja Asif urges Muslim countries to sever ties with Israel

June 16, 2025
File photo
Uncategorized

Pakistani, Afghan forces exchange fire near Bajaur border

June 14, 2025
File photo
Uncategorized

Sindh announces 4,400 jobs for schools

June 13, 2025
Muslims performing prayers on road in India. File photo
Uncategorized

Islam becomes fastest growing religion in the world: US report

June 13, 2025
File photo
Uncategorized

Pakistan activates crisis management unit following Israeli strikes on Iran

June 13, 2025
File photo
Uncategorized

IRGC says will respond to Israeli attacks at the proper time and place

June 13, 2025
Next Post
file photo

Famous music composer, director Nisar Bazmi remembered

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

File photo
Crime

Man kills sister, niece in Okara over ‘honor’

by MM News Staff
June 16, 2025
File photo
Sports

ICC Women’s World Cup 2025: Pakistan to play all matches in Colombo, not in India

by MM News Staff
June 16, 2025
File photo
Business & Stock

Balochistan to present Rs1 trillion budget tomorrow

by MM News Staff
June 16, 2025
Screen grab
Top News

Iranian state TV hit by Israeli strike during live broadcast

by MM News Staff
June 16, 2025
File photo
Uncategorized

Israel furious as France shuts weapons stands at Paris Airshow

by MM News Staff
June 16, 2025

Opinion

munir ahmed oped
A Strategic Leap, Not Just A Flight
June 16, 2025
- Munir Ahmed
munir ahmed oped
Russia Day 2025
June 15, 2025
- Munir Ahmed
munir ahmed oped
The Israel-U.S. nexus for State Terrorism
June 14, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Weather Rain in Karachi
Top News

Showers Begin: Is Karachi set for more rainfall in the coming days?

by MM News Staff
June 16, 2025

Light rain and drizzle in various areas of Karachi on Sunday made the weather...

Rains

Met office forecasts rainfall with thunderstorms in Karachi tomorrow

June 15, 2025
Image: ET

Most parts of Pakistan to remain hot and dry today: PMD

June 15, 2025
file photo

Karachi to receive light rain on June 16, predicts PMD

June 14, 2025
See all

Prices

(File)
Business & Stock

Gold price drops Rs700 per tola

by MM News Staff
June 16, 2025

Gold prices in Pakistan decreased on Monday, mirroring the international market as the price...

File Photo

Peshawar BRT fares increased by Rs10

June 16, 2025
file photo

Oil prices rise further in global market amid Iran-Israel conflict

June 16, 2025
representative image

Gold prices further surge in international market

June 16, 2025
See all

Transport News

File photo of Indian plane crash
Thought Box

Does the Boeing 787 Dreamliner have technical issues?

by MM News Staff
June 16, 2025

The Air India aircraft that crashed in Ahmedabad shortly after takeoff was identified as...

A Muslim man uses a mobile phone during Umrah, at the Grand Mosque, while construction cranes are seen in the background, in the holy city of Mecca, Saudi Arabia, December 18, 2023. (Reuters)

Hotel booking via Nusuk Masar made mandatory for Umrah visa

June 16, 2025
File Photo

Peshawar BRT fares increased by Rs10

June 16, 2025
file photo

Driverless taxis to hit Dubai roads this year

June 15, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.