ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 1,906 new companies in May 2022, raising the total number of registered companies to 169,919, a statement said on Wednesday. The latest numbers show an increase of 19 per cent as compared to the corresponding period of last year. The total capitalisation (paid-up-capital) with regard … Read more
MOSCOW: Russia’s health watchdog expressed concern on Wednesday about the online re-selling of pharmaceutical drugs after some ran out due to shortages and price increases caused by Western sanctions. While international sanctions do not include imported medicines, media reports have warned that Russian pharmaceutical companies could be left without the necessary raw materials and components. … Read more
LAHORE: The University of Veterinary and Animal Sciences (UVAS) faculty members have won 12 competitive research projects worth Rs70 million from the Higher Education Commission (HEC)-National Research Programme for Universities (NRPU), a statement said on Wednesday. The faculty members who won the grants are Dr Adeel Masood Butt (Institute of Pharmaceutical Sciences), Dr Hafiz Awais … Read more
LAHORE: The Trade Development Authority of Pakistan (TDAP) will organise the first ‘Pakistan Engineering and Healthcare Show 2022’ to be held at Expo Centre in Lahore from February 25 to 27, a statement said. Delegates from 46 countries of Africa and Central Asian Republics (CARs) will participate in the exhibition, in which 21 product categories … Read more
LAHORE: The Small and Medium Enterprises Development Authority (Smeda) has initiated a series of consultative sessions with stakeholders for compiling recommendations for federal budget 2022/23, a statement said on Thursday. After completing a session with the chambers of commerce and industry of the country, an online session with the trade and industrial associations was held … Read more
KARACHI: The pharmaceutical imports, including Covid vaccines surged 475 per cent to $3 billion during the first six months of the current fiscal year, compared with $539 million in the same period of the last year, according to the data issued by the Pakistan Bureau of Statistics (PBS). “The government is currently importing Covid-19 vaccines … Read more
WASHINGTON: US pharmaceutical company Merck said on Friday it will seek authorisation of its oral drug molnupiravir for Covid-19 after it was shown to reduce the chance newly infected patients were hospitalised by 50 percent. A simple pill to treat the coronavirus has been sought since the start of the pandemic and Friday’s announcement was … Read more
KARACHI: The traders have urged the Competition Commission of Pakistan (CCP) to take remedial measures for curbing rise in the inflation, a statement said on Friday. Unisame president Zulfikar Thaver said that monopolies, profiteering, hoarding and black marketing are the main reasons for the rise in inflation and such malpractices are gaining strength due to … Read more
Preparations are underway to increase drug prices by 50% from July. According to the details, The Young Pharmacists Association has expressed concerns in a letter to the Supreme Court. The Young Pharmacists Association says, a notification to increase the price of medicines in June will soon be approved by the cabinet. According to the request, … Read more
The pharmaceutical product exports witnessed 8.66 percent growth during the first five months of the current fiscal year. Associated Press of Pakistan reported while quoting Pakistan Bureau of Statistics (PBS). The pharmaceutical exports were recorded at $92.714 million during July-November (2019-20) However, the exports of $85.323 million during July-November (2018-19), This growth has shown an … Read more
