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Pakistan to subsidise Paracetamol, Panadol as price hike causes shortage amid huge demand

01:05 PM | 22 Sep, 2022
Pakistan to subsidise Paracetamol, Panadol as price hike causes shortage amid huge demand
Source: Shehbaz Sharif (Facebook)

ISLAMABAD – Prime Minister Shehbaz Sharif has directed to provide subsidies to the producers of Panadol and Paracetamol to make over-the-counter medicine affordable for the masses in wake of outbreaks of diseases after severe flooding.

Report of the state broadcaster said the premier chaired a virtual meeting with authorities concerned to review the pace of various flood relief and rehabilitation activities in the flood-hit areas.

The sharif-led federal government announced subsidy on paracetamol as the pharma company stopped production of both drugs, a move that created a shortage of widely used medicine.

Drug manufacturers maintained that the production was no longer financially viable after DRAP issued a summary to the health ministry requesting an increase in generic medicine.

Paracetamol is among the top-selling medicines, with demand for the drug being the highest in wake of rising cases of mosquito-borne diseases, especially dengue fever and malaria, as cash strapped country struggles with the effects of the devastating floods.

Earlier this month, Sindh Health Department confiscated 48 million hoarded Panadol tablets during a massive raid. The seized tablets were being hoarded to sell at expensive rates in the market.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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