Pharmaceutical firm booked

Published September 25, 2017

ISLAMABAD: The Sihala police have registered a case against the owners of a pharmaceutical company for delaying the payment of Rs1.5 billion to a Chinese drug supplier.

According to the FIR, the vice general manager of the company in a complaint to the police alleged that they had supplied clarithromycin worth $15.6 million to the firm located at Kahuta Road, Islamabad, about two years ago. Clarithromycin is used to treat bacterial infections affecting the skin and respiratory system.

The complainant alleged that two shipments on September 13 and November 4, 2015, were sent to the company on the credit period of three months. The company paid $500,000 as an initial payment but did not make further payments.

Police investigation officer Sultan Mehmood told Dawn that though an FIR had been registered none of the officials of the company could be contacted on their phone numbers provided by the complainant. “I am planning to visit the office of the company to probe the matter,” he added.

Published in Dawn, September 25th, 2017

Opinion

Editorial

Missing links
27 Apr, 2024

Missing links

THE deplorable practice of enforced disappearances is an affront to due process and the rule of law. Pakistan has...
Freedom to report?
27 Apr, 2024

Freedom to report?

AN accountability court has barred former prime minister Imran Khan and his wife from criticising the establishment...
After Bismah
27 Apr, 2024

After Bismah

BISMAH Maroof’s contribution to Pakistan cricket extends beyond the field. The 32-year old, Pakistan’s...
Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...