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ISLAMABAD: Caretaker Federal Minister for Commerce Dr Gohar Ejaz has sought to prepare a framework with the pharma industry to enhance pharmaceutical industry exports to one billion dollars.

Dr Ejaz held a pivotal meeting with the Pharmaceutical Association, led by Farooq Bukhari, chairman of the PPMA. The minister’s primary agenda was to discuss and strategise ways to boost the pharmaceutical industry’s exports.

During the meeting, an ambitious target of achieving a one-billion-dollar export milestone for the industry was set. Dr Ejaz expressed his unwavering commitment and support to the pharmaceutical sector, not only in his official capacity but also on a personal level.

Country aims $1bn pharma exports by 2025, says Qamar

He assured the delegation of his dedication to creating an environment conducive to the industry’s growth. He further emphasized the importance of focusing on exports as a means to enhance the country’s economic conditions.

Dr Ejaz also announced his decision to donate his entire income for the year to the welfare of the country. Recognising the need for a competitive edge in the global market, the minister urged the pharmaceutical delegation to formulate a comparative policy framework with regional countries.

He directed this framework to be presented by Wednesday, with the goal of aligning the industry with regional peers and facilitating increased exports. The meeting concluded on a positive note, with the pharmaceutical industry leaders appreciating the minister’s support and dedication to their sector.

Copyright Business Recorder, 2023

Comments

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Tariq Qurashi Aug 29, 2023 12:52pm
Gohar Sahib has spotted one of the sectors in which we have vast unrealized export potential. Pakistan's pharmaceutical manufacturers are both technically competent and price competitive. There are vast markets in Africa, South America, and all the developing countries that could be a potential market. the government needs to give export incentives to these industries, and encourage them to export. Bottlenecks and red-tape need to be simplified to facilitate pharmaceutical exports. Some other New Fields in exports that could be explored could be: Software, Apparel, Agricultural products- Vegetables and Flowers, Automotive parts, Fans/pumps/drip irrigation, Solar panels, Furniture, Food processing, Frozen and Canned fish, Mining and Minerals, and Cheese (we have huge production of milk).
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