Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Apr 03, 2020

Pakistan’s Only Brewery to Make Sanitizers as Demand Lures Fakes

(Bloomberg) -- Murree Brewery Co., Pakistan's only maker of alcoholic beverages, plans to manufacture hand sanitizers after a surge in demand led to fake and ineffective hand washes propping up at stores.

The company has been given permission to make 10,000 gallons of sanitizers a month, Chief Executive Officer Isphanyar Bhandara said by phone. The Punjab excise department did not respond to a request for comment.

The coronavirus outbreak earlier this year resulted in a run on sanitizers and lured manufacturers to sell products without the necessary alcohol content needed to kill viruses. Prime Minister Imran Khan's government ordered 23 brands that did not meet World Health Organization standards to be removed from stores. The virus has infected about 2,000 people and killed 34 in the South Asian nation.

Pakistan has been locked down as the government tried to stop the disease from spreading. The Rawalpindi-based Murree has also urged the government to reopen liquor stores to stop the rising sales of toxic illegal liquor that has killed people.

Khan's government announced a stimulus package of more than 400 billion rupees ($2.5 billion) while the central bank announced an interest-rate cut in an unscheduled meeting to support the slowing economy. Moody's Investors Service revised its forecast for Pakistan's growth to range between 2% and 2.5%, the lowest in a decade, from an earlier forecast of 2.9%.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search