There has been a severe shortage of life-saving drugs in Pakistan. The situation has become such that it has become difficult for diabetic patients to even get insulin. Actually, the government has only 6.7 billion dollars in its coffers and it cannot spend even this, because other countries have made this money in the form of guaranteed deposits. This is the reason why raw material or readymade medicine is not being procured from other countries including India.
The medicines available in the country are being black-marketed in a way. The tablet strip of Rs 40 is now being sold at double the price. The Pharma sector says that if medicine import is not started soon then the situation can be very dangerous.
Black marketing worsened the situation
According to the report of 'Daily Express', pharmaceutical companies have increased the price of medicines. The reason for this is that very few medicines are made in Pakistan. Their raw material also comes from India, China, and America. The coffers of the government are empty, so the line of credit (funds for imports) is also not available. Because of this, the shortage of medicines is increasing very fast.
According to the report, the biggest reason for the shortage of medicines is black marketing. Many companies are stocking medicine for more profit. Because of this, even essential medicines are not reaching the common man.
at risk of bankruptcy
Miftah Ismail, who was the Finance Minister of Pakistan till two months ago, has said that Pakistan can be declared a defaulter any time now. During a TV show, he said – International Monetary Fund ie IMF is not ready to give us the installment of a new loan. We could not recover from the devastation that started in our economy during the time of Imran Khan.
Ismail, the first finance minister of the Shahbaz Sharif government, is considered a truthful leader. This is the reason why Ishaq Dar was made the Finance Minister in his place. They are making various claims. threatening the IMF. Dar hopes that China and Saudi Arabia together will save Pakistan from bankruptcy.
friends in trouble
Pakistan currently has foreign reserves of only $6.7 billion. Due to this, imports can be done only for three weeks. Even the installments of the old loan cannot be paid. Finance Minister Ishaq Dar had said in November that China and Saudi Arabia would give a new loan of $13 billion to Pakistan very soon. It has not been found till now and both countries are silent.
On the other hand, the International Monetary Fund ie IMF has also stopped the third installment of the loan. In such a situation, there has been a big question mark on where the funds will come from to repay the foreign debt and import in the first quarter of January to March.
No comments:
Post a Comment