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WHO identifies fake pharmaceutical raw material supply in Pakistan

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WHO

ISLAMABAD: World Health Organization (WHO) has identified the supply of fake raw materials for drug manufacturing in Pakistan.

The Drug Regulatory Authority of Pakistan (DRAP) has issued pictures and warning message of fake propylene glycol, an important ingredient in various medications is being supplied by unscrupulous elements, and two batches of the chemical were counterfeit.

According to the DRAP, the supply of fake raw materials of medicine was revealed in Pakistan, after which regulatory body issued pictures and warning message of fake propylene glycol.

DRAP said that WHO has identified fake drug raw material supply, nefarious elements supplying fake propylene glycol badges.

The letter said that 2 badges of Dowerup label of Propylene Glycol are fake, one badge of Doochemical company label of propylene glycol is fake, pharma industry uses Propylene Glycol as raw material and it is used in alternative medicines, solutions.

DRAP said that counterfeit propylene glycol should not be used in pharmaceuticals, as its formulation is harmful to human health.

[embedpost slug=”drap-takes-notice-of-sale-of-antibiotics-without-doctors-prescription”]

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FBR imposes regulatory duty on various imported items

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FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed regulatory duty on various imported items including raw materials used in some medicines.

FBR imposed 10% duty on calcium, chloroform, dioctyl terephthalate, 10% duty on levofloxacin till December 31 and 20% duty from January 1.

FBR has imposed 5% regulatory duty on seed grading, sorting and cleaning machines, vegetable drying machines, other machinery while 10% on calcium (carbide), 10% on chloroform, 10% on dioctyl terephthalate.

A regulatory duty of 10% till December 31, 2024 and 20% from January 1, 2025 has been imposed on third generation antibiotic levofloxacin, 10% on caffeine and its salts till December 31 and 20% from January 1.

The regulatory duty on sodium carbonate has been reduced from 20% to 10%, on chewing gum 10%, on chloroparaffin liquid 10% till 31 December 2025, on polyurethanes 5% till 30 June 2025, on polymers of vinyl chloride and other plastics. 10 percent till December 31, 2024, while 10 percent duty has been imposed on Dia’s tubes and sleeves till June 30, 2025.

The Federal Board of Revenue has imposed a regulatory duty of 10 % on multiply and others till December 31 and 15 percent on self-adiso till June 30, 2025. A regulatory duty of 10% till December 31, 2024 and 5% from January 1, 2025 has been imposed on secondary quality iron flat rolled products.

The government has also imposed a regulatory duty of 5% on cold-rolled steel strip with a thickness of 0.5 mm to 100 mm, iron flat road products with a thickness of less than 600 mm and non-alloy steel products till December 31, 2024.

[embedpost slug=”pia-announces-to-reduce-in-umrah-fares”]

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Ministry urged to arrange funds for raw materials import

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raw materials

KARACHI: The Union of Small and Medium Enterprises (Unisame) has invited the attention of Small and Medium Enterprises Development Authority (Smeda) Chief Executive Officer (CEO) Farhan Aziz Khwaja towards the poor conditions of the Small and Medium Enterprises (SMEs), as the majority of them are have been badly affected due to unavailability of the foreign … Read more

Importers reluctant to import raw materials

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import raw materials

KARACHI: The Union of Small and Medium Enterprises (Unisame) has invited the attention of the State Bank of Pakistan (SBP) towards the reluctance of the importers to import raw materials and essential goods, despite the lifting of the import ban on raw materials and essential goods, a statement said on Friday. Unisame President Zulfikar Thaver … Read more

Raw materials used in export industries are now tax-free

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Raw materials

PM Shehbaz Sharif urges removal of all taxes on raw materials used in the export industry. He also orders formation of task teams to encourage investment in a variety of areas. The meeting was attended by federal ministers Naveed Qamar and Murtaza Mahmood. KARACHI: As part of his government’s ambition to establish an export-oriented economy, … Read more

Economic update: Changing geo-political situation puts pressure on exchange rate

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rupee

ISLAMABAD: The revival of economic activities domestically has surged import bill, mainly due to an increase in the prices of raw materials for consumer and capital goods, especially during the last three months. The substantial rise in the international commodity prices is the major reason for the increase in import bill, which has put pressure … Read more

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