Home / Chambers of Commerce / Karachi Chamber of Commerce and Industry’s has expressed discontentment on closure of alleged pharma industry of Karachi owing to deaths in Punjab Institute of Cardiology Lahore due to drug reaction

Karachi Chamber of Commerce and Industry’s has expressed discontentment on closure of alleged pharma industry of Karachi owing to deaths in Punjab Institute of Cardiology Lahore due to drug reaction

Karachi: He said that due to closure of alleged industry since 1st February, its exports are hampered besides leaving over 500 people particularly female staff unemployed. He articulated that such incidents of drug reactions had happened in the developed countries which caused several deaths. Likewise tragedies happen, however, nowhere in the world such penal actions are taken to forcefully close down the industry.

It is general practice worldwide to impose fines and penalties rather victimizing and forceful closure. He said that the owners of the alleged pharma company be given fair chances to clarify their position allowing them to carry internal audit and investigation. He also requested the Government to take a lenient view in this regard and allow the said old pharma company resume its production for exports and to provide employment to its staff.

President KCCI voiced that billions of rupees have been invested in pharmaceutical sector and such penal actions of forceful closures and arrest of industrialists instead of imposing penalties and fines would give negative signals to the Pakistan’s Pharma Industry comprising of more than 400 manufacturing units which meets 70 percent national requirement of finished medicines and provide employment to more than 4 million people particularly female human resource.

The National Pharmaceutical industry had shown a progressive growth over the years, particularly in the last one decade and such forceful closure is a matter of discontentment and harassment which will have damaging affect on the entire pharmaceutical industry as well as the pharmaceutical exports.

For more information, contact:
M. Shafiq Baig
Public Relations Officer
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road,
Shahrah-e-Liaquat, Karachi-74000
Tel: +9221 9921 8001 -09
Fax: +9221 9921 8010
Email: pro@kcci.com.pk, pro2@kcci.com.pk
Website: http://www.kcci.com.pk/

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