A major row is brewing in Pakistan over allegations that the illegal export of medicines is causing shortages of life-saving pharmaceutical products in the country, which are locally priced far below those prevailing in many African and Asian countries.
A senior corporate executive, who did not wish to be named, told the Marketletter's local correspondent that it was widely believed many commercial exporters buy the low priced medicines on the wholesale market and export it to destinations where prices are much higher. The executive added that, in December, it was reported that a Lahore wholesaler illegally exported 1,600kg of medicines to Africa. The customs authorities at Belgium's Zaventem airport impounded the consignment.
A spokesman for the pharmaceutical industry has urged the government to ensure drug inspectors at Pakistan's sea and airports should be more vigilant in their efforts to put an end to this inhuman practice.
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