Pakistan has a very vibrant and forward looking Pharma Industry. At the time of independence in 1947, there was hardly any Pharma industry in the country. Today Pakistan has more than 1000 pharmaceutical manufacturing units including those operated by more than 25 multinationals present in the country. The National Pharma industry has shown a progressive growth over the years, particularly over the last one decade. The industry has invested substantially to upgrade itself in the last few years and today the majority industry is following Good Manufacturing Practices (GMP), in accordance with the domestic as well as international Guidance. Currently
the industry has the capacity to manufacture a variety of product ranging from simple pills to sophisticated Biotech, Oncology and Value Added Generic compounds.
Although Pakistan‘s pharmaceutical and healthcare sectors are expanding and evolving rapidly, about half the population has no access to modern medicines which clearly presents an opportunity. Pharma exports are currently earning $230 million with potential to expand up to $2 billion. The sector has huge potential and needs harvesting to benefit the country by earning money abroad through improved exports of pharmaceutical and alternative medicine. It is important that both Afghanistan and Pakistan entrepreneurs join their hands together to exploit the potential in Pharma sector moving towards prosperity.
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