Pak Faces Shortage Of Life-Saving Drugs Due To Weakening Currency: Reports
NDTV
Pakistan, currently in the throes of a major economic crisis, is grappling with high external debt and dwindling foreign exchange reserves
Pakistan's drug regulatory authority's controversial pricing policy and the depreciating local currency have led to an acute shortage of imported and life-saving medicines in the debt-ridden country, media reports said on Monday.
Pakistan, currently in the throes of a major economic crisis, is grappling with high external debt and dwindling foreign exchange reserves.
The cataclysmic floods in June last year inundated a third of the country, displaced more than 33 million and caused economic damages to the tune of USD 12.5 billion to Pakistan's teetering economy.
"Due to the extreme depreciation of Pakistani currency against the dollar and controversial drug pricing policy of the Drug Regulatory Authority of Pakistan (DRAP), their prices have risen manifold and it has become economically unviable for importers to bring them on the existing prices given by the DRAP," Abdul Mannan, a pharmacist and importer of biological products, was quoted as saying in The News.
