Raw materials worth $60 million stuck at Karachi port due to forex crisis — pharma manufacturers

This picture taken on January 11, 2023, shows a general view of sea port in Karachi, Pakistan. (AFP/File)
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Updated 21 January 2023
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Raw materials worth $60 million stuck at Karachi port due to forex crisis — pharma manufacturers

  • Medicine manufacturers demand urgent import of raw materials worth $200 million to make crucial life-saving drugs
  • Economist says situation to improve from second week of February if government successfully revives stalled IMF loan program

ISLAMABAD: Raw materials worth $60 million required to manufacture various medicines have been held up at the Karachi port due to a shortage of dollars in the country, the Pakistan Pharmaceutical Manufacturers Association (PPMA) said on Saturday, warning that it could lead to a shortage of life-saving medicines in the country. 

Thousands of shipping containers packed with essential food items, raw materials and medical equipment have been held up at the port in Karachi for the last couple of weeks as the South Asian country faces a balance-of-payments crisis.

Facing mounting external debt and a massive current account deficit, Pakistan's foreign exchange reserves have dipped to an eight-year low of $4.3 billion. Talks between Pakistan and the International Monetary Fund (IMF) for another tranche of $1.1 billion loan remain suspended since September 2022, sparking fears the country may default on its payments.

The shortage of US dollars in the country has prompted banks to refuse to issue new letters of credit for importers, dealing a further blow to Pakistan's fragile economy that is already reeling from soaring inflation and lackluster growth. 
“The medicines’ raw material worth around $60 million has been held up at the Karachi port as the banks are not opening letters of credit, so obviously this has led to a shortage of medicines in the market,” Syed Farooq, the association’s chairman, told Arab News. 

Pakistan imports an estimated 95% of its pharmaceutical raw materials from China, Europe and India to manufacture medicines in the country. While Pakistan's direct trade with India remains suspended since August 5, 2019, Islamabad is still importing pharmaceutical raw materials from the country via Dubai. 

Farooq said the industry is left with raw materials that would last for only a couple of weeks, adding that if the imports do not arrive in Pakistan, the country could face its worst shortage of medicines in the coming days. 

“The government has assured us to open the imports and clear all our raw material stuck at the port very soon,” he said. Farooq warned that if the crisis was not solved, it would lead to thousands being unemployed and would lead to a shortage of life-saving medicines from Pakistani markets. 

He said the industry was importing raw materials worth $700 million annually to manufacture medicines, but “we need an urgent import of at least $200 million to save the industry and provide all crucial medicines in the market.” 

Doctors and distributors have already confirmed to Arab News that some crucial life-saving medicines required to treat cancer, epilepsy, diabetes, and heart conditions were already unavailable in the market. This puts the lives of thousands of patients across the country, who require these medicines on a daily basis, at risk. 

Pakistan's central bank holds net reserves barely sufficient to cover imports for three weeks. In its bid to stave off an economic crisis and shore up its foreign reserves, Pakistan has asked the IMF to send its mission to Pakistan to revive the stalled loan program. 

Arslaan Asif Soomro, a Karachi-based senior economist, said the imports would arrive in Pakistan only after the government successfully concludes negotiations with the IMF and allows a market-based exchange rate. 

“Things will start improving hopefully by the second week of February if the IMF loan stands revived,” he told Arab News. “At the moment, every import-led industry, especially the pharmaceutical [industry] is in severe crisis due to the dollars shortage.”


Pakistani pilgrims praise Saudi Arabia’s ‘impressive’ Hajj 2025 arrangements

Updated 07 June 2025
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Pakistani pilgrims praise Saudi Arabia’s ‘impressive’ Hajj 2025 arrangements

  • More than 115,000 Pakistani pilgrims arrived in Saudi Arabia to perform Hajj pilgrimage this year
  • Pilgrims praise Riyadh for heat mitigation efforts, arranging separate facilities for women

ISLAMABAD: Pakistani pilgrims on Saturday heaped praise on the government of Saudi Arabia for undertaking “impressive” arrangements for pilgrims during this year’s Hajj.

The comments by Pakistani Hajj pilgrims were shared by the country’s Ministry of Religious Affairs on Saturday as Muslims marked the beginning of Eid Al-Adha in Pakistan and other parts of the world.

More than 115,000 Pakistani pilgrims arrived in Saudi Arabia this year under both the government scheme and private tour operators to perform Hajj.

“I had a very good Hajj experience,” Nadia Sarfaraz, a Pakistani pilgrim from Karachi, said in a video message. “Everything went smoothly and we have no complaints against anyone. The Saudi government is providing support here and our own [Pakistan’s] government is helping a lot too,” she added.

Rabia Babar, a Pakistani pilgrim from Islamabad, praised the Saudi government for facilitating pilgrims, especially women, throughout the Hajj.

“There are separate lifts for women. In Muzdalifah, where we spent the night, the area was fully carpeted,” she said.

This year’s Hajj saw authorities implementing a range of heat mitigation efforts alongside a wide-ranging crackdown on illicit pilgrims — resulting in noticeably thinner crowds and a heavy security presence at holy sites in Makkah and surrounding areas.

“There were [water] coolers and drinking water available everywhere,” Babar said. “They had large refrigerators, and they were providing us water bottles and even shower facilities.”

Faraz Latif, a Pakistani pilgrim who had arrived in the Kingdom from the southwestern city of Quetta, praised both Pakistan and Saudi Arabia for undertaking impressive arrangements for Hajj pilgrims.

He said maintaining cleanliness was pilgrims’ responsibility, urging them to learn patience and adopt it in their lives even after the Hajj was over.

 “It will help you not just during Hajj but throughout your life,” Latif said.

The first Pakistani flight carrying Hajj pilgrims back to the country is scheduled to arrive in Karachi on June 11.


As goats get pricier, Pakistan’s capital turns to falooda dessert to keep Eid Al-Adha spirit alive

Updated 07 June 2025
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As goats get pricier, Pakistan’s capital turns to falooda dessert to keep Eid Al-Adha spirit alive

  • Falooda is made with vermicelli in cold milk, softened basil seeds and generous scoops of vanilla or kulfi ice cream
  • Final touch is a fragrant pour of rose syrup, turning concoction into a pink-hued celebration of summer and Eid

ISLAMABAD: With sacrificial goats commanding million-rupee price tags this Eid Al-Adha, many in Pakistan’s capital are seeking solace not in the livestock markets, but in a humbler tradition: a chilled bowl of falooda — a silky, rose-scented dessert layered with ice cream, nostalgia, and just enough sweetness to lift a heat- and inflation-weary soul.

A dessert with Persian roots, falooda made its way to South Asia during the Mughal era, evolving from a frozen, rose-infused noodle pudding in Iran to the vibrant, multi-textured treat beloved across Pakistan today.

At its best, falooda is an edible symphony, a tangle of thin vermicelli swimming in cold milk, softened basil seeds (tukhmalanga) floating like miniature pearls, and a generous scoop of vanilla or kulfi ice cream crowning the glass. The final touch is a fragrant pour of rose syrup, turning the whole concoction into a pink-hued celebration of summer — and now Eid.

Nowhere is this more evident than at Bata Kulfi Falooda, a small, family-run dessert shop in Islamabad’s bustling I-8 Markaz marketplace.

There, amid the clatter of spoons and the hum of Eid shoppers, customers line up for what’s become a seasonal staple, the shop’s signature Matka Falooda, served in traditional clay bowls that keep the dessert ice-cold, even under the blazing June sun.

“We first opened in Peshawar [northwestern city] in 1962,” said Shah Faisal, the shop’s manager, as he rushed between customers to take orders. “In 2015, we brought the same taste to Islamabad. Nothing has changed. The ingredients, the method, even the feel of it, it all comes from Peshawar.”

During Eid week, Bata Kulfi Falooda’s signature Matka Falooda becomes more than a dessert. It’s a celebration in a bowl.

“It’s a memory in every bite,” said Muhammad Kamil, a 27-year-old student who had just returned from a livestock market, saying he was stunned by the jaw-dropping prices.

“Right at the entrance, we saw a goat priced at Rs1.5 million [$5,350]. A little further in, there was a sheep for Rs2 million [$7,140],” Kamil said as he waited for his bowl of falooda.

“After seeing a goat worth Rs1.5 million, only ice cream could cool us down, otherwise it would’ve been hard to keep the spirit of sacrifice alive.”

Determined to celebrate in his own way, Kamil turned to falooda, at a far more palatable Rs450 ($1.60) per bowl.

What drew him in, he said, was the comforting presentation: the cold earthen bowl, the soft noodles slicked with syrup, and the melting scoop of ice cream sinking slowly into the milky depths. He’s even considering gifting bowls of it to friends this Eid.

Indeed, with families across Islamabad and beyond rethinking how to celebrate Eid this year, it may not be the size of the goat that sets the mood but rather the shared sweetness of something simple, familiar, and deeply rooted in tradition.

So, while this Eid may see fewer families walking home from markets with goats in tow, many are still finding ways to savor the spirit of the season with a humble bowl of falooda, which is doing more than just cooling people down — it’s lifting spirits, one spoonful at a time.

According to shop manager Faisal, falooda easily outpaces even their famous kulfi in popularity during the Eid holidays.

“In this heat and with everything getting so expensive, people still want something festive,” he said. “And falooda brings joy that doesn’t cost a fortune.”


Pakistan PM exchanges Eid greetings with world leaders, thanks them for support during India crisis

Updated 9 min 53 sec ago
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Pakistan PM exchanges Eid greetings with world leaders, thanks them for support during India crisis

  • Shehbaz Sharif speaks to leaders of Jordan, Azerbaijan, Tajikistan, Qatar, Uzbekistan
  • Vows to enhance bilateral cooperation and strengthen ties further, says Sharif’s office

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday exchanged Eid Al-Adha greetings with the leaders of the Muslim nations of Jordan, Uzbekistan, Qatar, Tajikistan and Malaysia, thanking them for their efforts to bring about peace during Islamabad’s conflict with New Delhi last month.

Pakistan marked Eid Al-Adha, one of the two most important festivals of the Islamic calendar, on Saturday. Muslims mark the Eid Al-Adha holiday in Pakistan and around the world by slaughtering animals such as sheep and goats, and the meat is shared among family and friends and donated to the poor.

Sharif conveyed Eid greetings to Azeri President Ilham Aliyev, his family and the people of Azerbaijan, the Prime Minister’s Office (PMO) said in a statement.

“The Prime Minister thanked President Ilham Aliyev, once again for Azerbaijan’s unwavering support to Pakistan during the recent Pakistan-India crisis, that demonstrated the strong bonds of brotherhood between the two countries,” Sharif’s office said in a statement.

The Pakistani premier also exchanged Eid greetings and similar calls with Qatar’s emir, Tajikistan President Emomali Rahmon, Malaysian Prime Minister Dato’ Seri Anwar Ibrahim, Uzbekistan President Shavkat Mirziyoyev and Jordan’s King Abdullah II ibn Al Hussein.

Sharif’s office said the Pakistani prime minister and these leaders vowed to enhance their bilateral cooperation and further strengthen ties.

Nuclear-armed nations India and Pakistan engaged in the worst fighting between them since 1999 last month before US President Donald Trump announced he had brokered a ceasefire on May 10.


Pakistan reiterates desire to resolve outstanding issues with India via dialogue

Updated 07 June 2025
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Pakistan reiterates desire to resolve outstanding issues with India via dialogue

  • PM Shehbaz Sharif exchanges Eid greetings with Malaysian counterpart, discusses strengthening bilateral ties
  • Pakistan and India engaged in worst fighting between nuclear-armed neighbors since 1999 for four days last month

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Saturday reiterated his country’s desire to resolve its outstanding issues with India, state-run media reported, as tensions simmer between the two neighbors following their armed conflict last month.

India and Pakistan engaged in the worst fighting between the two countries since 1999, raising fears of the prospects of an all-out nuclear war. After both countries traded heavy fire for four days, pounding each other with missiles, fighter jets and drone strikes, US President Donald Trump announced a ceasefire between them on May 10.

Speaking to his Malaysian counterpart Dato’ Seri Anwar Ibrahim over the phone, Sharif thanked him for Kuala Lumpur’s “support and balanced stance” during Pakistan’s conflict with India.

“The prime minister underscored that Pakistan had always strived for regional peace and stability,” state-run Radio Pakistan said. “He reiterated that Pakistan was ready for dialogue with India on all outstanding issues, including Jammu and Kashmir.”

Sharif separately wrote on social media account X that he looks forward to Islamabad and Kuala Lumpur deepening and strengthening their bilateral ties.

“I greatly look forward to my visit to Malaysia later this year,” he wrote.

India and Pakistan, bitter rivals since they gained independence in 1947 from British rule, have fought two out of three wars over the disputed Himalayan territory of Kashmir.

Both countries administer Kashmir in parts but claim the region entirely. Pakistan accuses India of occupying Kashmir and denying its people their right to self-determination. It regularly calls on India to abide by the United Nations Security Council resolutions and hold a transparent plebiscite in the territory.

India, on the other hand, accuses Pakistan of arming and funding militant separatists in the part of Kashmir it administers. Islamabad has denied the allegations and says it extends only diplomatic and moral support to the people of Indian-administered Kashmir.


Pakistan’s Punjab deploys over 43,000 police personnel for security on Eid Al-Adha

Updated 07 June 2025
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Pakistan’s Punjab deploys over 43,000 police personnel for security on Eid Al-Adha

  • Punjab Police places province on “high alert” amid deteriorating security situation across Pakistan
  • Police personnel deployed to secure 28,074 mosques and 890 open-air Eid prayer venues, says report

ISLAMABAD: Pakistan’s Punjab has deployed over 43,000 police officers and personnel across the province for the Eid Al-Adha holidays, state-run media reported, with police placing the province on high alert amid the prevalent security situation in the country.

As per a report in the state-run Associated Press of Pakistan (APP) on Friday, the police personnel have been deployed to secure 28,074 mosques and 890 open-air Eid prayer venues.

Pakistan has seen a surge in militant violence in recent months. Scores of citizens have been killed in the past in militant attacks that have targeted mosques and tourist destinations on public holidays.

“According to the Punjab Police spokesperson, a comprehensive security strategy has been formulated to ensure the safety of mosques, Imambargahs, Eid congregations, and the general public,” APP said on Friday.

The report said 445 Quick Response Force (QRF) teams will be stationed to enhance security readiness while 11,912 metal detectors, 225 walk-through gates and 10,466 CCTV cameras will be utilized during Eid prayers.

In Punjab’s provincial capital Lahore, over 9,000 personnel will be assigned to secure more than 5,000 Eid gatherings, the spokesperson confirmed.

“Inspector General of Police (IGP) Punjab Dr. Usman Anwar has ordered heightened security measures for Eid-ul-Adha, citing the current national security situation,” the report said.

Additional police will be deployed at parks and recreational spots during the Eid holidays to ensure public safety.

The Punjab Police chief also issued a strict warning against one-wheeling, aerial firing, kite flying and rowdy behavior, the report said, stating such acts will not be tolerated.

He stressed all mosques, Imambargahs and Eid grounds must be thoroughly checked and cleared before Eid prayers. High-security mosques and Imambargahs (in category A) will have snipers posted on rooftops while plainclothes commandos will be deployed inside Eid congregations, the report said.

“The IG [inspector-general] also directed the Additional IG Traffic to personally oversee the traffic management plan across Punjab, ensuring smooth flow of traffic during Eid,” APP said.

It said police have been ordered to take preventive measures to combat street crimes and highway robberies, while extra personnel will be posted at key locations to maintain traffic flow during the holidays.

“Special instructions have been issued to ensure tourist safety in Murree and other tourist destinations,” it said. “Authorities are required to enforce SOPs for vehicle entry and exit in Murree, the IG added.”