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Trade Alert Against Pharma Companies of Pakistan
 

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Ref: PXL/H.O./ CIR-121/2016-17                                                         Date: 14.03.2017

Hyderabad

 

Trade Alert against

Pharma Companies  of Pakistan

 

 

 

 

 

Dear Sir / Madam,

 

We wish to bring to the notice of members that some of our members complained against following two Pharma Companies of Pakistan that they owe huge amounts to them and not responding in spite of their follow ups. 

 

 

       1.   Mr. Qasim Farooq /Managing Director

             Mr. Ansar Farooq / Chairman

             Medizan Laboratories Pvt Ltd ,

             Plot No 313, Industrial Triangle

             Kahuta Road, Islamabad, Pakistan

       2.  Mr.  Rashid Muzzamil , M.D

            Siam Pharmaceuticals ,

            Plot No 217, Industrial Triangle

            Kahuta Road, Islamabad, Pakistan

 

Indenter for above two companies are M/s Arkco International – Mr. Ahmad Raza Kayani

 

Our members’ persuasion through Trade Dispute Resolution Organizations of Pakistan, Indian High Commission etc., have not resulted in any positive results. Council had written to above two companies asking them make the pay immediately.  As there was no response from the companies, Council had taken up this issue with Ministry of Commerce, Pakistan, but our efforts have not helped the members to recover the dues. We understand that the above companies are still sourcing their requirements from some of our other members.   

 

In view of the above, this alert mail is being sent to members to be cautious while dealing with the above companies.

 

With regards

 

Udaya Bhaskar

Director General

H.O.: 101, Aditya Trade Centre, Ameerpet, Hyderbad-500038
Tel: +91-40-23735462/66, Fax: +91-40-23735464
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