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Investment Friendly Environment for Pharma Industry in Pakistan
Islamabad, June 19, 2002. In line with the policies of the Government to create and encourage an investment friendly environment in Pakistan, the Ministry of Health has provided a congenial atmosphere for the pharma industry to progress and prosper. It remains a very profitable industry.
The Policies adopted by Ministry of Health has resulted to achieve the establishment of 30 new pharmaceutical units and 53 are in the process of construction, an investment of over 6000 million rupees, over 2250 drugs have been approved for registration.
Continued expansion, modernization and grant of new licenses has resulted in creation of about 4000 new job opportunities in the pharma sector.
Despite many unfavorable factors that had badly hit the exports of the country, drugs/medicines manufactured in Pakistan worth $ 111.5 million were exported.
A third party evaluation conducted recently by Planning and Development Division has concluded that polices of Ministry of Health have catalyzed the growth of Pharma Industry and ensured sustained supply of efficacious, safe and cost effective drugs to the consumers.
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