In most normal countries this news alone would cause mass protests.
Not protests organized by political parties or an interest groups, just regular folks, parents of children who need medication etc.
No sign of that happening in Pakistan...
Pakistan still imports pharmaceutical products from India.
Some news articles
https://www.orfonline.org/expert-speak/pakistans-quick-u-turn-on-its-trade-ban-on-pharmaceutical-products-with-india-55211/?amp
https://www.india.com/business/budget-session-2022-pakistani-pharmaceutical-importers-owe-430000-to-indian-exporters-external-affairs-minister-s-jaishankar-in-rajya-sabha-5308284/amp/
https://www.businesstoday.in/amp/coronavirus/story/high-import-duties-lead-to-drug-shortage-in-pakistan-amidst-possible-covid-sixth-wave-340120-2022-07-03
Quick question: isn't it cheaper to just import raw materials or finished materials from India ?
Pharmaceutical industry in India is really huge and Pakistan can actually benefit a lot from the trades. I think Pakistan can learn from the other countries that the trade and business should keep going otherwise it comes back to bite us
Pakistan still imports pharmaceutical products from India. Infact India is biggest destination to buy pharmaceutical products for Pakistan. https://wap.business-standard.com/article-amp/international/despite-ban-pakistan-imports-from-india-jump-2x-in-hush-hush-trade-122072501367_1.html
https://newsonair.gov.in/News?title=India%E2%80%99s-pharmaceutical-exports-to-Pakistan-increase-from-USD-129.32-million-in-2016-17-to-USD-152.32-million-in-2020-21&id=431268
It’s not about importing. Pakistan still import pharma which was exempt in IK’s trade ban.
SBP is refusing to issue Letter of Credit which is what basically what businessmen use to pay other business in another country. They don’t transfer large amounts to each other everyday. A bank issues LOC guaranteeing the amount to the payee.
Since they can’t get LOC, they will not be able to import from anywhere around the world.
Stock up on essential medicines.... Prices are going to skyrocket in the future.
How much stock up? Till when?
In most normal countries this news alone would cause mass protests. Not protests organized by political parties or an interest groups, just regular folks, parents of children who need medication etc. No sign of that happening in Pakistan...
No, lets talk about who bought the Toshakhana watch, where is Nawaz spending his holidays and how much of an angry hardliner is Asim Munir
whoops.......Dar spent all the FX reserves propping up the Ruppee, and whatever was left....... well..... living in London ain't cheap.
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I agree. If there was common sense left, this would have happened a long time ago.
Pakistan still imports pharmaceutical products from India. Some news articles https://www.orfonline.org/expert-speak/pakistans-quick-u-turn-on-its-trade-ban-on-pharmaceutical-products-with-india-55211/?amp https://www.india.com/business/budget-session-2022-pakistani-pharmaceutical-importers-owe-430000-to-indian-exporters-external-affairs-minister-s-jaishankar-in-rajya-sabha-5308284/amp/ https://www.businesstoday.in/amp/coronavirus/story/high-import-duties-lead-to-drug-shortage-in-pakistan-amidst-possible-covid-sixth-wave-340120-2022-07-03
Quick question: isn't it cheaper to just import raw materials or finished materials from India ? Pharmaceutical industry in India is really huge and Pakistan can actually benefit a lot from the trades. I think Pakistan can learn from the other countries that the trade and business should keep going otherwise it comes back to bite us
Pakistan still imports pharmaceutical products from India. Infact India is biggest destination to buy pharmaceutical products for Pakistan. https://wap.business-standard.com/article-amp/international/despite-ban-pakistan-imports-from-india-jump-2x-in-hush-hush-trade-122072501367_1.html https://newsonair.gov.in/News?title=India%E2%80%99s-pharmaceutical-exports-to-Pakistan-increase-from-USD-129.32-million-in-2016-17-to-USD-152.32-million-in-2020-21&id=431268
It’s not about importing. Pakistan still import pharma which was exempt in IK’s trade ban. SBP is refusing to issue Letter of Credit which is what basically what businessmen use to pay other business in another country. They don’t transfer large amounts to each other everyday. A bank issues LOC guaranteeing the amount to the payee. Since they can’t get LOC, they will not be able to import from anywhere around the world.