Pharmaceutical giant GlaxoSmithKline denied allegations that Panadol was purposely hoarded in order to cause a shortage.
The announcement follows a search by Sindh health officials on a GSK warehouse in Karachi on Thursday that resulted in the seizure of over 48 million paracetamol tablets.
“We can confirm that one of our warehouses was raided in the recent news,” “GSK stated in a letter filed on Friday to the Pakistan Stock Exchange (PSX). “We vehemently deny the allegations that Panadol was purposely hoarded in order to cause scarcity.
The multinational claimed that the warehouse’s merchandise was meant to be distributed and released throughout the nation as part of regular commercial operations.
“We are guided by our objective of offering everyday health to humanity,” said GlaxoSmithKline Consumer Healthcare Pakistan Limited (a member of the Haleon group).
The statement said that our dedication has seen this to the Pakistani people despite difficulties.
The pharmaceutical company claimed that despite market challenges, it still supplies Panadol medicines to the nation and has altered its production capacity to assure some product availability.
As Pakistan deals with the fallout from severe floods, there are reports of a prescription scarcity in Karachi, with medications used to treat fever and gastro disorders being hard to come by. This raises concerns about the ability of businesses to increase output.
