Pakistan likely to face severe shortage of medicines as warned by PIMA
Following an alert from the Pakistan Medical Association (PMA), the Pakistan Islamic Medical Association (PIMA) has issued a warning.
Pakistan is likely to face a crisis of medicine shortages as warned by the doctors’ representatives. The scarcity would be due to the result of non-opening of letters of credit for the import of raw materials or Active Pharmaceutical Ingredients (APIs) which would worsen the condition.
Following an alert from the Pakistan Medical Association (PMA), the Pakistan Islamic Medical Association (PIMA) has issued a warning regarding the situation. According to the warning, the country’s healthcare system is already chaotic and cannot withstand any future damage.
In an official statement given by PIMA, it was said that majority of the pharmaceutical companies are only left with stocks of raw material that would be sufficient for only the next couple of weeks. If new consignments are not supplied during the period, ‘most of the factories would not be able to continue production.’
Talking further on the topic, PIMA said that this crisis would further be followed by another crisis when it would open ways for smuggling from the black market which would burdenise the consumers and ‘put a dent in the exchequer.’ It was said that if the pharmaceuticals are not allowed the opening of LCs, the situation can worsen and get out of hands.
PMA had earlier expressed concerns over the warnings given by Pakistan Pharmaceutical Manufacturers Association (PPMA) over the State Bank of Pakistan (SBP) instructing all banks not to open letters of credit.
PMA Secretary General, Dr. Abdul Ghafoor Shoro, has said that if LCs are not opened, there would be serios medicine shortages in the country because the pharmaceutical companies have only two months’ raw materials.
He continued that if the situation doesn’t improve in the coming weeks, it can get out of hands. ‘It would lead to black marketing and smuggling.’ Moreover, the prices of medicines might hike and would eventually go beyond the affordability of poor people.
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