Pharmaceutical industry in Pakistan
Pharmaceutical industry in Pakistan
The Pharmaceutical industry in Pakistan is a significant and rapidly growing industry in the country. With a population of over 220 million, Pakistan has a large domestic market as well as the potential for international exports, particularly to other developing nations.
History[edit | edit source]
The pharmaceutical industry in Pakistan traces its origins back to the establishment of the first pharmaceutical company, Searle Pakistan Ltd, in 1952. Since then, the industry has grown significantly, with over 700 pharmaceutical manufacturing units currently operating in the country.
Regulation[edit | edit source]
The Drug Regulatory Authority of Pakistan (DRAP) is the main regulatory body for the pharmaceutical industry in Pakistan. Established in 2012, DRAP is responsible for ensuring the quality, safety, and efficacy of drugs, as well as regulating drug prices.
Economic Impact[edit | edit source]
The pharmaceutical industry is a major contributor to Pakistan's economy. It provides employment to a significant number of people and contributes to the country's exports. In 2019, the industry's total exports were valued at over $200 million.
Challenges[edit | edit source]
Despite its growth, the pharmaceutical industry in Pakistan faces several challenges. These include regulatory issues, lack of research and development, and issues related to intellectual property rights.
Future Prospects[edit | edit source]
The future prospects for the pharmaceutical industry in Pakistan are promising. With increasing investment in research and development, and the potential for increased exports, the industry is expected to continue its growth trajectory.
Search WikiMD
Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro / Zepbound) available.
Advertise on WikiMD
|
WikiMD's Wellness Encyclopedia |
| Let Food Be Thy Medicine Medicine Thy Food - Hippocrates |
Translate this page: - East Asian
中文,
日本,
한국어,
South Asian
हिन्दी,
தமிழ்,
తెలుగు,
Urdu,
ಕನ್ನಡ,
Southeast Asian
Indonesian,
Vietnamese,
Thai,
မြန်မာဘာသာ,
বাংলা
European
español,
Deutsch,
français,
Greek,
português do Brasil,
polski,
română,
русский,
Nederlands,
norsk,
svenska,
suomi,
Italian
Middle Eastern & African
عربى,
Turkish,
Persian,
Hebrew,
Afrikaans,
isiZulu,
Kiswahili,
Other
Bulgarian,
Hungarian,
Czech,
Swedish,
മലയാളം,
मराठी,
ਪੰਜਾਬੀ,
ગુજરાતી,
Portuguese,
Ukrainian
Medical Disclaimer: WikiMD is not a substitute for professional medical advice. The information on WikiMD is provided as an information resource only, may be incorrect, outdated or misleading, and is not to be used or relied on for any diagnostic or treatment purposes. Please consult your health care provider before making any healthcare decisions or for guidance about a specific medical condition. WikiMD expressly disclaims responsibility, and shall have no liability, for any damages, loss, injury, or liability whatsoever suffered as a result of your reliance on the information contained in this site. By visiting this site you agree to the foregoing terms and conditions, which may from time to time be changed or supplemented by WikiMD. If you do not agree to the foregoing terms and conditions, you should not enter or use this site. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates Wikipedia, licensed under CC BY SA or similar.
Contributors: Prab R. Tumpati, MD
