Pakistan's drug makers threaten to close 600 factories throughout country subsequent week

Islamabad [Pakistan], March 18 (ANI): Pakistan Pharmaceutical producers association (PPMA) warned the Imran Khan-led govt of closing around 600 pharma production contraptions throughout the country subsequent week over tax imposed on uncooked cloth.

throughout a press convention, PPMA chairman, Qazi Mohammad Mansoor Dilawar, stated that the affiliation strongly rejected the government's resolution to impose 17 per cent income tax on raw material of the drugs, first light reported on Friday.

He claimed that the Pakistan Tehreek-e-Insaf executive had given an assurance that the tax on purchase of raw cloth can be reimbursed, however later refused to do so.

"The fees of a couple of materials such as bottles, aluminium and impulse glass, in addition to electricity and fuel costs, had been invariably rising and the executive additionally imposed sales tax on them," Dilawar pointed out quoted by using crack of dawn newspaper.

"additionally, the executive has imposed revenue tax on functions of contractors and consultants. unfortunately, there's additionally an enormous tax on import of machinery and pharmaceutical vegetation. Now, a tax has been imposed on import of uncooked fabric which is not being reimbursed despite commitment by means of the govt," he regretted.

As per the previous PPMA chairman Hamid Raza, the affiliation had decided to provide five days to the executive to reconsider its resolution, otherwise, the trade would don't have any choice however to move for the strike. (ANI)