Karachi September 12 2021: To combat COVID-19, the Provincial Governments took several relief initiatives which were mainly financed by diverting their healthcare budgets, causing delays in payments to suppliers including pharmaceutical companies.
Due to lack of budgets, major suppliers are still awaiting for their overdue payments. In this regard one such example is of Ferozsons Company which has outstanding receivables amounting to PKR 1.2 billion (approximately) from various government-owned healthcare institutions.
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However, Health care businesses have been allowed to continue their operations by both provincial and federal governments in order to ensure availability of our products in the market during the COVID.
