Federal Minister for Commerce Syed Naveed Qamar Wednesday stressed the need for collective efforts to boost pharmaceutical exports upto $1 billion by 2025 and by $5 billion by 2030 to improve exchange reserves of the country.
Realizing the export potential of the pharmaceutical sector, he said the government, pharma industry players and regulatory bodies should join together to tap the true potential of this particular sector and help economic development of the country.
Speaking at the 6th Pakistan Pharma Summit and Pharma Export Summit and Awards (PESA) 2023, the minister outlined the government’s plans to significantly increase Pakistan’s pharmaceutical exports.
The event was organized by the Pakistan Pharmaceutical Manufacturers’ Association (PPMA), brought together industry leaders, experts, and stakeholders to discuss strategies for growth and innovation in the pharmaceutical sector.
While highlighting the immense opportunities for growth in the global pharmaceutical market, valued at $1.4 trillion, the minister emphasized the need for Pakistan to benefit from it .
Expressing gratitude to Chairman of PPMA Syed Farooq Bukhari, and Chairman of the organizing committee Dr. Kaiser Waheed, for their exceptional leadership in arranging the prestigious summit, the minister said pharmaceutical market of Pakistan was growing very fast and together, we could make Pakistan a leading player in the global pharmaceutical market.—APP
