Govt intends to increase Pharma sector exports to $5b by 2025: Dawood

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Staff Reporter
Islamabad

Federal Commerce & Investment Adviser, Abdul Razak Dawood, has said the present government has been making efforts so that Pakistan’s annual pharma sector exports are increased to US $ 5 bil-lion till the year 2025.

The Adviser to Prime Minister on Com-merce & Investment disclosed this plan of the government while addressing as the chief guest the 1st Pharma Export Summit and Awards-2021 (Pesa) organised by Pakistan Pharmaceu-tical Manufacturers’ Asso-ciation (PPMA)

The PM’s Adviser informed the audience of the summit that the government has set an export target of $38 billion for the current fis-cal year in consulta-tions with the relevant stakeholders.

Dawood expressed the confidence that the industries and the farmers will play their part to achieve the export target.

He added that the government was especially focusing to in-crease pharma exports through tariff rationali-zation, trade-related invest-ment, institutional reforms and easing of business regulations.

He said more tariff rationalization will be done in the next budget in order to facilitate different indus-tries including the farmers.

The “made in Paki-stan”marketing drive by the Ministry of Commerce is desinged to promote Pakistan products in new markets which will graetly help incrase the volume of pharma sec-tor exports.

He said that Thursday (today) he has arranged a meeting of the PPMA leader-ship with the Prime Minister Imran Khan wherein all matters pertaining to the Pharma sector will be discussed.

He said that the government was commit-ted to pro-vide a condisuive enviornment to all the segments of the economy and will make all efforts in remov-ing the obstacles hindering pharmaceutical sector’s growth. He said that the excports of the engine of the economic developments.

He suggested that the pricing of drugs and other medical instruments should be taken away from the Health Ministry, adding that the ministry should also not deal with the com-mercial activities.

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