Refusal of sales tax, government, deadlock in pharma industry persists, fear of drug crisis


Refusal of sales tax, government, deadlock in pharma industry maintained, medicines …

  Refusal of sales tax, government, deadlock in pharma industry persists, fear of drug crisis

ISLAMABAD: Deadlock over 1% sales tax on government and pharma industry has raised fears of a drug crisis in the country. According to private TV, the government and the pharma industry on the issue of 1% sales tax. I am deadlocked, PPMA has refused to accept the imposition of sales tax on sale of medicines. The government has contacted the Pharmaceutical Manufacturers Association in this regard through backdoor channels and the government has decided to impose a sales tax. Sources in the Ministry of Health said that the pharma industry has serious reservations about the 1% tax, the pharma industry does not accept the tax on the sale of drugs, because the 1% tax to the pharma industry. There will be an annual loss of Rs 70 billion, while the industry earns Rs 700 billion in foreign exchange annually. The industry is of the view that the 1% sales tax will further increase the production cost of medicines. Rama Industry is ready for a refundable 1% sales tax. The industry says that it is not possible to manufacture medicines due to increase in production cost. The shortage of medicines is increasing. 53 life-saving drugs are rare in the market, life-saving pills, injections and syrups are not available in the market, fever and body ache pill Panadol is in short supply in the market, sedatives, bone marrow, asthma, cancer drugs in the market Not available in the market. Drugs that are in short supply in the market include heart disease, blood pressure, lung infection medicine, TB, hepatitis, diabetes, acid medicine, epilepsy, allergy pills and syrups, taxi lex, Ibuprofen, and fungicide syrup are also not available.

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