No Result
View All Result
Thursday, June 26, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Cillian Murphy in Steve (Netflix)

    Steve: Everything to know about Cillian Murphy’s upcoming Netflix movie

    Hania Aamir

    Hania Aamir’s earnings will leave you speechless, Indian media claims

    Panchayat Season 4

    Panchayat Season 4: Stream it or skip it?

    (File Photo)

    Bushra Ansari weighs in on actress Ayesha Khan’s tragic death

    The film is scheduled for release on 27 June 2025, with international distribution plans that exclude Indian theatres due to political tensions between India and Pakistan.

    Sardaar Ji 3: Film bodies urge boycott of Diljit Dosanjh for working with Hania Aamir

    Diljit Dosanjh

    Video: Diljit Dosanjh and Hania Aamir dazzle in ‘Sohni Lagdi’ from Sardaar Ji 3

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Cillian Murphy in Steve (Netflix)

    Steve: Everything to know about Cillian Murphy’s upcoming Netflix movie

    Hania Aamir

    Hania Aamir’s earnings will leave you speechless, Indian media claims

    Panchayat Season 4

    Panchayat Season 4: Stream it or skip it?

    (File Photo)

    Bushra Ansari weighs in on actress Ayesha Khan’s tragic death

    The film is scheduled for release on 27 June 2025, with international distribution plans that exclude Indian theatres due to political tensions between India and Pakistan.

    Sardaar Ji 3: Film bodies urge boycott of Diljit Dosanjh for working with Hania Aamir

    Diljit Dosanjh

    Video: Diljit Dosanjh and Hania Aamir dazzle in ‘Sohni Lagdi’ from Sardaar Ji 3

  • 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 Business & Stock

Panadol manufacturing suspended in Pakistan citing ‘negative margin’

MM News Staff by MM News Staff
October 22, 2022

KARACHI: The manufacturing of Panadol Tablets, Panadol Extra Tablets and Children’s Panadol Liquid Range have all been suspended in Pakistan by the GlaxoSmithKline Consumer Healthcare (GSKCH) citing government’s failure to adjust selling price keeping in view the increase in cost of raw material.

The move came after the company sent “several letters to various government stakeholders regarding the critical issue of extraordinary and rapid increase in paracetamol (raw material) prices in Pakistan.”

The GSKCH informed the Pakistan Stock Exchange that it declared force majeure, a clause that is included in contracts to remove liability for unforeseeable and unavoidable catastrophes that interrupt the expected course of events and prevent participants from fulfilling obligations, thus halting the production of Panadol tablets and Liquid range.

The company said it had become unsustainable to produce the over-the-counter medicine on negative margins.

In a regulatory filing to the Stock Exchange, GSKCH said “despite exhaustive efforts of the company to mitigate this matter through dialogue, the situation is now beyond our control.”

It said the company had repeatedly appealed to the federal government to approve the “adjustments to the selling price” of the Panadol range of products amid an “extraordinary and rapid” increase in the cost of raw material.

It has been learnt that GSK Pakistan was manufacturing Panadol at a loss for the past several months, which was no longer possible to sustain, and if the government approved the new price, the company was willing to resume the manufacturing process.

 

ShareTweetSendShare
Previous Post

Islamabad protest: Police register terror case against PTI leadership

Next Post

Twitterati shows resentfulness as GSK Pakistan halts Panadol production 

Related Stories

File photo
Uncategorized

MDCAT 2025: Expected entry test date in Pakistan announced

June 25, 2025
File photo
Uncategorized

Hunza’s Lexus hotel hit by flash flood

June 25, 2025
File photo
Business & Stock

Sindh Assembly passes budget 2025-26

June 25, 2025
File photo
Uncategorized

Malala Yousafzai launches ‘Recess’ to empower women and girls through sports

June 25, 2025
Business & Stock

Pakistan, US to conclude trade and reciprocal tariff talks next week

June 25, 2025
Representational image
Transport

Monsoon rains: PAA issues advisory to pilots over birds

June 25, 2025
SC
Uncategorized

Supreme Court reduces LLB duration to four years

June 25, 2025
Image: APP
Business & Stock

PSX stays bullish, gains over 500 points

June 25, 2025
(File)
Business & Stock

Gold price sees marginal increase in Pakistan

June 25, 2025
Supreme Court
Business & Stock

Supreme Court declares criminal action without tax assessment illegal

June 25, 2025
Next Post
TWITTER

Twitterati shows resentfulness as GSK Pakistan halts Panadol production 

Leave a Reply Cancel reply

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

Trending Stories

File photo
Thought Box

Why did Morning Midas cargo ship carrying cars sink?

by MM News Staff
June 25, 2025
File photo
Thought Box

Will first Muharram be a holiday?

by MM News Staff
June 25, 2025
File photo
Uncategorized

MDCAT 2025: Expected entry test date in Pakistan announced

by MM News Staff
June 25, 2025
Donald Trump : File photo
Top News

Trump announces US, Iran to talk next week, hints at agreement signing

by MM News Staff
June 25, 2025
File photo
Uncategorized

Hunza’s Lexus hotel hit by flash flood

by MM News Staff
June 25, 2025

Opinion

dr shahbaz
Israel-Iran War and Supply Chain of World Economy
June 25, 2025
- Dr. Muhammad Shahbaz
munir ahmed oped
Unleashed Modern-day Holocaust and the Global Collapse
June 23, 2025
- Munir Ahmed
munir ahmed oped
Firestorm in the Middle East: Global Stakes on Exploding Frontlines
June 19, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Weather

Karachi records 57 minor earthquakes since June 1

by MM News Staff
June 25, 2025

Since June 1, Karachi has experienced 57 minor earthquakes, with magnitudes ranging between 1.5...

file photo

Heavy rain lashes twin cities, causes urban flooding

June 25, 2025
karachi monsoon rains pmd forecast

Rain forecast for Karachi during early Muharram and Ashura

June 25, 2025
Image: Online

How to enjoy pleasant cloudy weather in Karachi?

June 24, 2025
See all

Prices

(File)
Business & Stock

Gold price sees marginal increase in Pakistan

by MM News Staff
June 25, 2025

Gold prices in Pakistan recorded a slight increase on Wednesday, mirroring the upward trend...

representative image

Current gold prices in Pakistan today-June 25, 225

June 25, 2025
(File)

Gold price continues to fall in Pakistan

June 24, 2025
(Representational Image)

Withholding tax abolished on sale of 15-year-old personal residences from July 1

June 24, 2025
See all

Transport News

Transport

Pillion riding banned in Sindh for Muharram 9, 10

by MM News Staff
June 25, 2025

The Sindh government has announced a ban on pillion riding across the province on...

Representational image

Monsoon rains: PAA issues advisory to pilots over birds

June 25, 2025
(File Photo)

Karachi, Lahore and Islamabad airports to get e-gates

June 25, 2025
Pakistan Deputy Prime Minister Ishaq Dar (center left) and the United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed in Abu Dhabi (center right) observe the signing of the agreement after the 12th session of the Pakistan-UAE Joint Ministerial Commission (JMC), in Abu Dhabi, UAE, on June 24, 2025. (Pakistan's Foreign Office)

THESE Pakistani passport holders are exempt from UAE visa under new agreement

June 25, 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.