At the time of Pakistan’s independence in 1947, there were few pharmaceutical production units in the country. Now, Pakistan has over 800 large-volume pharmaceutical formulation units supplying around 90 per cent of the country’s demand for finished dosage forms and 4pc of active ingredients. In 2020, Pakistan’s pharmaceutical sector’s value was around $3.2 billion, doubling from $1.64bn in 201
While already struggling to manage high utility bills, consumers have yet to get any significant price relief despite a drop in world prices of raw materials and edible items, rupee recovery against the dollar, and low transportation costs. On one hand, many manufacturers can be blamed for not passing on the full impact of a lower cost of production. On the other hand, retailers are equally res
Within three months and ten days of this fiscal year (between July 1 and November 10), the federal government borrowed more than Rs3.244 trillion from commercial banks. In the comparable period of the last fiscal year, the then federal government’s borrowings from banks totalled just Rs827 billion or one-fourth of where these borrowings stand today. What is more disturbing is the fact that this
As Pakistan seeks continuous and extended international support at the global climate conference (COP28) in Dubai this week, the International Monetary Fund (IMF) has told the government that the budget for FY2024-25 should practically be a turning point for the planning mechanism and investment portfolios based on climate adaptation. “There is a need to be transparent on climate-related action
The benchmark of listed companies hit another all-time high on Thursday, thanks to the improving macroeconomic outlook following the successful review of the International Monetary Fund (IMF) programme. Topline Securities Ltd said the session commenced on a buoyant note and the momentum remained strong throughout the day. Market participants opted to switch their positions by booking profits