Trends - Pharmaceutical Industry

Pharmaceutical Industry

Need for strengthening API sector

The pharmaceutical industry in Pakistan, predominantly led by national companies, is experiencing rapid growth and...

Updated 11 Oct, 2024 08:28am

Business & Finance

Pakistan’s pharma sector warns 2pc Cess in KP threatens exports to Afghanistan

KARACHI: The recent imposition of 2% cess on exports by the Khyber Pakhtunkhwa (KP) government is raising alarm...

Published 11 Oct, 2024 06:30am

Business & Finance

Manufacturing HIV drug in Pakistan: Ferozsons partners with US-based Gilead

Ferozsons Laboratories Limited (Ferozsons), a Pakistani pharmaceutical company, has entered into a non-exclusive...

Updated 03 Oct, 2024 07:57pm

Business & Finance

Pharma industry: Govt reaffirms pledge to provide conducive environment

ISLAMABAD: The government has reaffirmed the commitment of providing conducive environment to industrial sector...

Published 26 Sep, 2024 09:05am

Business & Finance

Pakistan Pharma Summit 2024: experts gather with aim to chart path for growth in pharmaceutical industry

ISLAMABAD: The 7th Pakistan Pharma Summit, held at the Serena Hotel in Islamabad, brought together industry leaders,...

Published 26 Sep, 2024 09:03am

Business & Finance

7th Pakistan Pharma Summit: event aims to highlight innovations, collaborative growth in pharmaceutical sector

KARACHI: As Pakistan’s pharmaceutical industry looks to evolve amidst local and global challenges, the 7th ...

Published 23 Sep, 2024 06:45am

Business & Finance

Pakistan’s Citi Pharma commences nutraceutical exports to US

Citi Pharma Limited (CPHL), a Pakistani pharmaceutical company, has commenced exports of nutraceuticals to the...

Updated 20 Sep, 2024 04:54pm

Business & Finance

BF Biosciences gets DRAP nod for brownfield expansion

Pakistan’s pharmaceutical company BF Biosciences Limited (BFBL) has secured approval from the Drug Regulatory...

Updated 09 Sep, 2024 10:42pm

Markets

Lucky Core Industries completes acquisition of Pfizer’s Karachi facility and assets

Lucky Core Industries Limited (LCI), previously known as ICI Pakistan Limited, has completed the acquisition of a...

Updated 09 Sep, 2024 05:25pm

Business & Finance

Import of pharma products: PCDA voices concern over new infrastructure cess

KARACHI: The Pakistan Chemist and Druggist Association (PCDA) has raised serious concerns over the imposition of...

Published 07 Sep, 2024 07:37am

Business & Finance

BF Biosciences enters into agreement with Lucky Core Industries

Pakistan’s pharmaceutical company BF Biosciences Limited (BFBL) has entered into a contract manufacturing and supply...

Updated 04 Sep, 2024 09:11pm

Business & Finance

Sales Tax Rules, 2006: KTBA seeks inclusion of pharma sector under Rule 18A

KARACHI: The Karachi Tax Bar Association (KTBA) has formally requested the inclusion of the pharmaceutical sector...

Published 30 Aug, 2024 06:08am

Business & Finance

3-day Pharma Asia Exhibition concludes

KARACHI: The three-day 21st Pharma Asia Exhibition, the premier pharmaceutical exhibition in the region, ...

Published 23 Aug, 2024 03:24am

Business & Finance

Price deregulation: Pakistan’s pharma sector sales hit $3.3bn in FY24, 22% higher year-on-year

Pakistan’s pharmaceutical industry achieved sales of Rs916 billion (USD 3.3 billion) in FY24, a 22% year-on-year...

Updated 21 Aug, 2024 03:59pm

Business & Finance

Ferozsons Laboratories’ subsidiary BF Biosciences launches human insulin

Pakistan’s pharmaceutical company BF Biosciences Limited (BFBL) has successfully launched a human insulin under the...

Updated 15 Aug, 2024 11:59pm

Increasing Pakistan’s exports: ‘allow increase in forex retention’

KARACHI: Former Chairman of the Pakistan Pharmaceutical Manufacturers’ Association (PPMA) Tauqeer Ul Haq said...

Updated 12 Aug, 2024 10:32am

Markets

Pakistan’s Citi Pharma enters into strategic partnership with Indian company

Citi Pharma Limited (CPHL), a Pakistani pharmaceutical company, has entered into a strategic partnership with...

Updated 02 Jul, 2024 09:08pm

Pakistan

Experts say Pakistan budget massively negative for struggling healthcare sector

KARACHI: Pharmaceutical industry experts have expressed concerns regarding the recent taxation changes in Pakistan,...

Updated 02 Jul, 2024 05:58am

Business & Finance

Pharma Bureau seeks ‘CPI-adjusted’ prices for medicines

KARACHI: The Pharma Bureau, representative body of multinational pharmaceutical companies in Pakistan, has urged the...

Published 23 Nov, 2023 03:19am

Business & Finance

Regulate quality of medicines, not prices, top Pharma Bureau official advises govt

Executive Director Pharma Bureau Ayesha Tammy Haque has advised the government to do away with price regulation,...

Published 22 Nov, 2023 08:25pm

Business & Finance

16pc-60pc hike in prices of various drugs witnessed

ISLAMABAD: The prices of various medicines have witnessed an increase of 16 percent to 60 percent in the market,...

Published 22 Nov, 2023 05:48am

Business & Finance

Searle Company gets UAE approval for manufacturing facility

Searle Company Limited (SEARL) announced on Thursday that it has earned approval from the UAE ministry, and...

Updated 14 Sep, 2023 06:31pm

Business & Finance

Medical tourism, pharmaceutical industry: Pakistan, KSA start deliberations on cooperation

ISLAMABAD: Pakistan and Saudi Arabia have started deliberations on enhancing cooperation in the field of medical...

Published 08 Sep, 2023 06:01am

Minister seeks framework to increase pharma exports to $1bn

ISLAMABAD: Caretaker Federal Minister for Commerce Dr Gohar Ejaz has sought to prepare a framework with the pharma...

Updated 29 Aug, 2023 09:38am

Business & Finance

Glaxo Pakistan sustains Rs321mn losses in 6MCY23

Rising cost of sales dent earnings

Updated 28 Aug, 2023 10:11pm

Pakistan

FranklinCovey to train executives of local pharma firm

KARACHI: Leadership development training is $366 billion global industry with an estimated $166 billion annual...

Published 26 Aug, 2023 06:40am

Business & Finance

Local pharma industry urged to establish own brands

KARACHI: Business leaders mainly from pharmaceutical industry have urged the local pharmaceutical industry to...

Published 13 Aug, 2023 02:55am

Pharmaceutical sector granted major tax relief

ISLAMABAD: The government has provided major tax relief to the pharmaceutical sector by allowing the reduced rate of...

Updated 10 Jul, 2023 08:51am

Business & Finance

Pharma sector rejects govt’s move, demands 40pc hike in drug prices

KARACHI: The pharmaceutical industry has rejected government’s move of increasing drugs prices by 20 percent,...

Updated 29 Apr, 2023 01:29pm

Pakistan

Bilawal opens Lungs Care Centre in Gambat

GAMBAT/KHAIPUR: Chairman Pakistan Peoples Party (PPP) and Foreign Minister Bilawal Bhutto Zardari has inaugurated...

Published 06 Apr, 2023 06:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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