AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

ISLAMABAD: While drawing attention to the serious shortage of fever and painkiller tablets, paracetamol in the country, the Pakistan Young Pharmacist Association (PYPA) in a letter to Prime Minister Shehbaz Sharif has alleged that the senior officials of the Drug Regulatory Authority Pakistan (DRAP) have received bribe to register globally banned paracetamol 665mg at an extremely exorbitant price in the country.

Furqan Ibrahim, general secretary of PYPA, in a letter to the PM has alleged senior DRAP officials of illegally allowing heavy advertisement of banned Panadol 665mg.

The PYPA has mentioned that Panadol 665mg was registered in Pakistan when European countries banned this drug throughout Europe. These are extremely evil affairs of the DRAP mafia; they do not bother about the lives of Pakistanis just for money and register those drugs in Pakistan, which are banned all over the world due to serious side effects.

The PYPA has mentioned that by increasing the price of Panadol and other such tablets, the producers are likely to generate Rs17.095 billion in annual profit.

The letter by the PYPA to the PM, a copy of which is available with Business Recorder, reads, “DRAP Mafia was having the full support of Farah Khan (front person of Mrs Imran Khan), Azam Khan former principal secretary to PM, Arif Alvi, President of Pakistan, Imran Ismail, former governor Sindh, Zahid Saeed (Imran Ismail’s cousin and owner of Indus Pharma), Ansar Farooq, former advisor to governor Punjab (9,000kg Ephedrine seller), Pervez Elahi, and former chief justice Saqib Nisar etc.”

The PYPA further alleged that the Federal Secretary and the Special Assistant to the Prime Minister took an alleged bribe of Rs2 billion to register and award a price of Rs5.68 per tablet to Panadol 665mg in Pakistan.

It further says, “This is with reference to our letters dated: 12 March 2022, 16 March 2022, 25 March 2022, 11 April 2022, 23 April 2022, 29 April 2022 and media reports on 14 March 2022, 18 March 2022, 22 March 2022 and 8 April 2022. DRAP Mafia (Dr Faisal Sultan former Special Assistant to Prime Minister, Aamir Ashraf Khawaja Secretary Ministry of National Health Services, Asim Rauf Chief Executive Officer DRAP, Obaidullah acting Director Registration and acting Director Admin DRAP, Sayed Hussain Deputy Director DRAP, Abdullah Secretary Registration Board DRAP, Mr Hafiz Bilal bin Akbar Assistant Director DRAP, Amanullah Director Pricing DRAP, entire Registration Board DRAP and entire Pricing Committee DRAP allegedly took a bribe of Rs2 billion to register Panadol 665mg (which is reportedly banned in entire Europe and not registered in USA, Canada and Japan).”

The PYPA letter, while talking about the shortage of the fever and painkiller tablets in the country, said, “the medicine (Panadol) is out of the market, the reason was very simple. When 01 paisa price increases of Panadol, it means that profit increases by around Rs50 million per annum. In the last four years, the price increased from Rs0.9 per tablet to Rs1.7 per tablet of Panadol, which means that 80x50 = Rs4 billion rupees per annum. The demand of Panadol increased by the outbreak of Covid-19; the lust increases.”

The shortage of Panadol 500mg tablet in the market is a successful effort to convert patients to Panadol 665mg, when a patient goes to a pharmacy, the salesman motivates the patient to use a better version of Panadol, ie, Panadol extend 665mg. After calculating the price by unity method the price of Panadol 665 mg per tablet must be Rs2.261 which in the market is available at Rs5.68 per tablet thus, Rs3.419 is profiteering per tablet.

The PYPA has prayed that a comprehensive criminal probe may be started against the DRAP mafia, health officials, the secretary of National Health Services, the former Special Assistant to the Prime Minister and all the pharmaceutical companies involved in the loot and playing with the lives of Pakistanis; and the looted money may be recovered, and the ad of Panadol 665mg on TV must be immediately stopped, and money transferred out of Pakistan (money laundering) may be brought to Pakistan, and stop DRAP to increase the price of Panadol 500mg; reduce the price of Panadol to 90 paisas per tablet, and Panadol 665mg must be immediately withdrawn from the market.

Copyright Business Recorder, 2022

Comments

Comments are closed.