Pharmacy licence cancellation illegal: Biti

FORMER finance minister, Tendai Biti, says the suspension and cancellation of trading licences for pharmaceutical companies for flouting foreign exchange regulations is “blatantly illegal, puerile and irrational”.

Seventeen pharmacies had their trading licences suspended or cancelled after government accused them of destabilising the economy by forward pricing and violating the country’s exchange control regulations.

However, Biti has described government’s decision as illegal.

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