Pakistan Economy: News & Discussion

Hari Sud

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Last we knew that too a month back that wheat flour had disappeared from Peshawar and other market. Similar shortage of every day items have been seen in Lahore market. How is the conditions today? Are the shortages been relieved or they are acute?

Their must be some movement to cut back on Army expenditures, Jihadi expenditure and unnecessary expenditure to publicize anti Indian agenda. If no such moves are occurring then Pakistani economy with FATF or no FATF cannot be helped.
 

SanjeevM

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Violence Against Students Is Part Of The Pakistani Tactic To Deprive Baloch of Education: Khalil Baloch

 

SanjeevM

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Mohajir Freedom Fighters are doing great work towards freedom of Azad SindhuMahadesh:

Freedom Fighters in Karachi Burn a Boeing 737-200 Civil Aviation Air Craft

ISPR controlled media was told to hide the truth and run a Fake Narrative that the fire in the air craft was caused by the bush fire. The story had many discrepancies.


 

AVERAGE INDIAN

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Pakistan’s Textile Markets In Europe And America Collapsed



Due to the outbreak of Coronavirus, major markets for Pakistani textile products in Europe and the United States have completely collapsed, sales of textile products have stopped and the situation does not seem to return to normal even after one year, All Pakistan Textile Mills Association (APTMA) said. According to the report, the corona epidemic has broken the back of the Pakistani textile industry.

Export deals are being canceled and payments that are due are delayed, new orders are not being received. The textile industry is facing a severe shortage of capital to maintain its existence. The Association has appealed in an emergency call by the Federal Ministry of Commerce, Abdul Razzaq Dawood, to immediately restore the Zero Rate Facility (SRO 1125) to drag out the textile industry from the crisis.

The letter said that the sales tax exemption was based on the FBR’s estimate of 50 percent local sales of textile products, but now the FBR itself has disproved the estimate. Local sales of the textile industry accounted for 20% of total sales. Where Pakistan textile industry is suffering from Coronavirus the other exports are also under the radar. Pakistan has seen a steep decline in export revenues due to the outbreak, it would take more than one year to bring the situation back to normal.
 

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Pakistan facing acute shortage of life-saving drugs, say experts

At a time when all the resources are being utilised in Pakistan to contain the spread of the coronavirus, hospitals and pharmacies are facing an acute shortage of imported life-saving medical products, including vaccines, insulin, immunoglobulin, plasma-derived products and recombinant biologicals, health officials said on Tuesday.

“Due to some bureaucratic hurdles at Islamabad, closure of flights and other reasons, Pakistan is facing an extreme shortage of life-saving vaccines, including anti-rabies vaccines (ARVs), anti-snake sera, insulin, pentavalent and tetanus vaccines, mumps, measles and rubella vaccines. This may result in loss of precious lives in the coming days due to numerous diseases, in addition to COVID-19,” warned Asim Jamil, representatives of biological products’ importers in Pakistan, on Tuesday.

Biological products’ importers said they had managed to import over 400 biological products from around the globe with extreme difficulties, but due to non-appointment of the chief analyst of the National Control Laboratory, these 400 products were not being allowed to be supplied in the country, while people had started dying due to their unavailability at pharmacies and hospitals throughout the country.

Health experts said that at the moment, there was an extreme shortage of vaccines for rabies, tetanus, pneumococcal and typhoid, recombinant biologicals (erythropoietin, hepatitis B vaccine), plasma-derived products (tetanus immunoglobulin, rabies immunoglobulin, anti-D immunoglobulin, intravenous immunoglobulin, albumin), equine/rabbit serum products (rabies antiserum, anthithymocyte globulin, anti-snake venom serum), oncology (monoclonal antibodies), cardiology (heparin, streptokinase), insulin and many others.

They said that amid the lockdown in the country, at least a hundred people, including children, were being mauled by stray dogs in Karachi alone, who required anti-rabies vaccine in addition to immunoglobulin, but due to bureaucratic hurdles and authorities’ failure, these products were not being allowed to be provided to the health facilities, which could result in the loss of precious lives.

An eminent infectious diseases (ID) expert at the Indus Hospital Karachi, Dr Naseem Salahuddin, said many institutions in Karachi and other cities of Sindh were facing problems with respect to the anti-rabies vaccine as it was not available in the country. He added that they had been stockpiling the ARVs and immunoglobulin so they had no problem at the moment.

“For the last two weeks, we have been seeing brutal attacks by stray/unknown dogs from different areas, including Muhajir Camp, Surjani Town and Mehmoodabad, of Karachi, showing abnormal behaviour of stray dogs against people, especially children playing in the streets. Also, there are many patients being referred to the Indus Hospital from other hospitals to complete the anti-rabies vaccine series as OPDs are closed in hospitals or due to lack of the rabies vaccine there etc.,” Dr Salahuddin added.

Even Sindh Health Minister Dr Azra Pechuho has asked the federal government and the National Institute of Health (NIH), Islamabad, to resolve the issue of vaccines and pre-purchase them so that in case of a global shortage, federal and provincial institutions could have ample stocks of the vaccines.

“Scientists across the globe are busy in preparing a vaccine to neutralise the novel coronavirus, which has claimed more than 150,000 lives so far. We believe this may cause a shortage of vaccines used to treat other infections. In these circumstances, there is an urgent need to acquire these vaccines and biological products to save precious lives in the country,” she said in her statement a couple of days back.

Many paediatricians in the country have also decried the unavailability of measles and other vaccines, which are very important for children, and demanded of ther health authorities to make them available as soon as possible. The fear the shortage of the vaccines could lead to another serious healthcare crisis in the country.

 

indiatester

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https://www.dawn.com/news/amp/1554148

Published May 03, 2020 07:06am
Locust attacks may cause food security crisis in Pakistan

Faiza Ilyas
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KARACHI: The Food and Agriculture Organisation (FAO) of the United Nations in a recent report has warned of a potentially serious food security crisis this year in several regional countries, including Pakistan, due to locust attacks.
The report titled ‘Desert locust situation in Pakistan’ highlights migration pattern of desert locust in South West Asia, its current invasion in different countries, potential impact on Pakistan’s agricultural economy as well as the ongoing efforts of Pakistan’s government to contain the pest and the emerging scenario.

According to the report, Pakistan and Iran in the Eastern Region are especially prone as locust breeding is taking place in these areas, also due to the wet winter this year.
“In Pakistan, 38 per cent of the area (60pc in Balochistan, 25pc in Sindh and 15pc in Punjab) are breeding grounds for the desert locust, whereas the entire country is under the threat of invasion if the desert locust is not contained in the breeding regions,” it says.
FAO report highlights migration pattern of locust and its potential impact on agricultural economy
The report shows that swarms of locusts would be migrating to Pakistan in coming weeks/months from southern Iran, border areas of Iran-Balochistan, Oman and East Africa.
‘Unprecedented threat’
The current situation in East Africa, the report says, remains extremely alarming as yet another generation of breeding has occurred with more swarms forming and maturing in northern and central Kenya, southern Ethiopia and probably in Somalia.
This represents an unprecedented threat to food security and livelihoods because it coincides with the beginning of long rains and the planting season.
“As it is now the beginning of the seasonal rainy period, another generation of breeding will take place that is expected to cause a dramatic increase in locust numbers in East Africa. Locusts will also increase in eastern Yemen and southern Iran in the coming months.
“Consequently, there is potential for a serious invasion to occur (in Pakistan) at the beginning of the summer this year by swarms migrating from the Horn of Africa and from Iran,” the report says.
Risk assessment
Damage scenarios have been estimated for Pakistan in case control operations are not fully effective in areas where major Rabi crops like wheat, chickpea and oilseeds could be severely damaged in the short term.
It has been estimated that the losses to agriculture in case of a locust invasion can reach about Rs205 billion, considering a 15pc damage level for the production of wheat, gram and potato only.
At 25pc damage level, the total potential losses are estimated to be about Rs353bn for Rabi crops and about Rs464bn for Kharif crops.
“In the midst of additional impacts by Covid-19 on health, livelihoods and food security and nutrition of the most vulnerable communities and populations of Pakistan, it is imperative to contain and control successfully the desert locust infestation,” the report suggests.
According to the report, the last serious desert locust invasion in the eastern region occurred in 1993. Beginning in mid-2018, some 25 years later, a major upsurge of desert locust developed in the Arabian Peninsula as a result of two cyclones that brought heavy rains to the Empty Quarter along the borders of Saudi Arabia, Oman and Yemen.
“This resulted in three generations of breeding and an 8,000-fold increase in locust numbers from mid-2018 to early 2019 in an area where survey and control activities couldn’t be conducted due to extreme remoteness of the area.”
Migration pattern
Focusing on Pakistan, the report says that spring breeding will continue in the next few weeks in the coastal and interior areas of Balochistan and an increasing number of hoppers will become adults and form groups as well as perhaps a few small swarms.
No major presence of locust in Sindh, however, was noted at the time the report was prepared.
Towards the end of May, populations will begin to move from the spring breeding areas in Balochistan and adjacent areas of southeast Iran to the summer breeding areas along both sides of the Indo-Pakistan border. This movement will continue throughout June.
“As a result, swarms that are not detected or treated in the spring areas are likely to cross the Indus Valley and reach the desert areas in Tharparkar, Nara and Cholistan in time for the start of the monsoon rains.
“This year the situation is aggravated as for the first time in many decades, there is a second threat of invasion by swarms in East Africa in late June and during July,” the report says.
Published in Dawn, May 3rd, 2020
 

Indx TechStyle

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Medicines and vitamins imported from India, shows ministry’s document
Pakistan suspended trade with India after Delhi annexed held Kashmir in August last year. — AFP/File

Pakistan suspended trade with India after Delhi annexed held Kashmir in August last year. — AFP/File
ISLAMABAD: While a directive has been issued by the prime minister to his aide on accountability Shahzad Akbar to probe the import of over 450 medicines from India, a document of the Ministry of National Health Services (NHS) shows that a number of vitamins, drugs and salts were imported from India.
After India’s decision to annex held Kashmir on August 5, 2019, the federal government on Aug 9 suspended all kinds of trade with India. Initially, the pharmaceutical industry had appealed to relax the government’s decision for clearance of those goods already imported from India before the government decision and reached the country’s airport/seaport. In the wake of the appeal it was decided by the government to relax the rules and goods were cleared.
However, as a large number of medicines and its raw material used to be imported from India, the pharmaceutical industry started demanding that the ban should be lifted on Indian medicines and the raw material because otherwise within a few weeks, the country might face a severe shortage of medicines especially life-saving drugs. So, in order to avoid the severe crisis regarding availability of life-saving drugs in the market, the federal government lifted the ban on import of medicines and raw material from India.
Pakistan suspended trade with India after Delhi annexed held Kashmir in August last year
Later, a hue and cry started that all kinds of medicines were being imported in the name of life-saving drugs.
The document of the Ministry of National Health Services (NHS), presented before the federal cabinet on May 5 and available with Dawn, states that the prime minister in his capacity as Minister In-charge for NHS sought a list of drugs being imported from India.
The document, signed by MHS Secretary Dr Tanveer Ahmed Qureshi, shows that a number of vaccines, including BCG, Polio and Anti Tetanus Vaccine, have been imported. Moreover, a number of vitamins, including B1, B2, B6, B12, D3, Zinc Sulphate Monohydrate, were also being imported from India.
An official of the Drug Regulatory Authority of Pakistan, requesting not to be quoted, said that initially it was claimed that cancer patients would suffer if import of medicines and their raw material from India were banned.
“However, later all kinds of medicines were imported from India due to which we have been transferring the foreign exchange to India. The govt should ensure that the medicines and their raw materials are manufactured in Pakistan as it will allow us to save the precious foreign exchange and ensure export of medicines abroad,” he said.
When contacted, a senior officer of the Ministry of NHS, said that it was not appropriate to comment on it as Special Assistant to the Prime Minister on Accountability Shahzad Akbar had been assigned to look into the issue.
“Moreover, the Ministry of Commerce is also involved in it so we have decided to let Mr Akbar look into the matter,” he said.
 

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Drug-makers warn against banning raw material import from India
Say ban can weaken country’s capability to fight Covid-19. — AFP/File

Say ban can weaken country’s capability to fight Covid-19. — AFP/File
KARACHI: Given Pakistan’s high dependence on Indian raw material for manufacturing drugs, the government must not ban its import. Otherwise, there would be a 50 per cent loss in drug production. The situation would not only cause shortage of drugs and increase in their prices, but also weaken the country’s capability to fight Covid-19.
This warning was given by representatives of the Pakistan Pharmaceutical Manufacturers’ Association at a news conference held on Monday at the press club.
Highlighting concerns of the pharmaceutical industry, PPMA senior vice chairman Syed Farooq Bukhari said the federal cabinet should not take any decision against the import of medicine raw material from India or from any other country when there had been an unabated increase in Covid-19 patients in the country.
“At a time when the federal and provincial governments in the country have been in the process of setting up more and more quarantine centres, isolation facilities, and special hospital wards to accommodate Covid-19 cases, there is a dire need to ensure constant supply of essential medicines to treat coronavirus patients.
Say ban can weaken country’s capability to fight Covid-19
“For this, it is mandatory that the pharmaceutical industry of Pakistan should continue with its operations to its full capacity as for this we need a constant supply of raw material from our international clients,” he explained.
The import of pharmaceutical raw material from India or from any other country was done under a well-regulated regime being overseen by the Drug Regulatory Authority of Pakistan and other relevant state agencies, he said.
“Any decision to disrupt the international supply chains associated with the Pakistani pharmaceutical industry would negatively affect the ability of country’s medical practitioners to treat the cases of Covid-19,” he warned.
The import of pharmaceutical raw material from India, he pointed out, was being done under a proper SRO No 429 approved both by the ministries of commerce and national health services.
In reply to a question, former central chairmen of the PPMA Dr Kaiser Waheed said 95 per cent of drugs were manufactured with the help of imported raw material in which Indian share was almost 50pc while the rest was met by China and some European countries. Very few medicines were imported in finished form from India which included vaccines.
He said the case wasn’t properly presented to the government. “All medicines are essential as they are needed to have a healthy body and mind. Vitamins are as important as any other medicine because their deficiency could lead to multiple health problems,” he added.
 

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FM Qureshi seeks economic relief for poor nations
“Without immediate actions the developing world may have to contend with dire social, political, economic consequences.” — APP/File

“Without immediate actions the developing world may have to contend with dire social, political, economic consequences.” — APP/File
ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Friday emphasised the need for urgent economic relief for poor countries dealing with this century’s “gravest challenge to humanity”.
Talking to Japanese Foreign Minister Toshi-mitsu Motegi over phone, Mr Qureshi said: “Without immediate, coordinated and comprehensive actions to create fiscal space, the developing world may have to contend with dire social, political and economic consequences.”
Mr Qureshi had called Mr Motegi as part of Pakistan’s diplomatic outreach to promote Prime Minister Imran Khan’s global initiative on debt relief for mitigating the impact of the Covid-19 pandemic on the economies of poor countries.
Pakistan is planning to convene a meeting at the United Nations of the countries interested in the initiative to generate support for a comprehensive solution of the debt problem of the poor countries.
A Foreign Office statement said the two ministers exchanged views about the socio-economic ramifications of the pandemic. Mr Qureshi apprised Mr Motegi about PM Khan’s initiative.
He thanked Japan for its assistance to Pakistan to combat the pandemic as well as in dealing with the desert locust attack, the FO said.
 

IndianHawk

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FM Qureshi seeks economic relief for poor nations
“Without immediate actions the developing world may have to contend with dire social, political, economic consequences.” — APP/File

“Without immediate actions the developing world may have to contend with dire social, political, economic consequences.” — APP/File
Yup Japan should help them so that they can buy more submarine and frigates and bunders from china. And china can use that money to build it's navy to capture Japanese islands in Pacific.

Makes total sense.
 

IndianHawk

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IMF urges Pakistan to freeze govt salaries
But porky army needs more salary..

 

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