Surgical goods industry not developing

The growth of surgical instruments industry in Pakistan is reported to be stagnant at around 8.9 percent despite investment of around Rs 2 billion during the last couple of years.
According to official sources, exports of surgical goods have significantly increased in volume in the post-Engineering Vision era but owing to decrease in per unit price, the value in terms of dollars of these exports has not increased proportionately.
The lack of local established brands, cut-throat competition among the exporters and manufacturers, continuous focus on low-tech products and inordinate delays in tax refunds are reported to be the major reasons seriously impeding the growth of this industry.