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our correspondent
Wednesday, November 20, 2013
From Print Edition


KARACHI: The National Industrial Parks Development and Management Company (NIP) and Scilife Pharma Private Limited signed a licence agreement, which authorised the latter to start construction of its manufacturing plant on over two acres plot at Korangi Creek Industrial Park (KCIP), a statement said on Tuesday. KCIP is a flagship project of NIP, it said.


The agreement was signed by Mohsin Syed, CEO of NIP and Shahid Ghaury, chief executive of Scilife, an emerging name in the pharmaceutical industry, involved in the products in the fields of diabetes, neurology, cardiology, gastroenterology, hepatology, ENT, infectious and pulmonary diseases, it said.


Earlier, GETZ Pharma, Mobil Askari, Al-Rehman Lubricants, Faruk Impex and MEK signed licence agreements with NIP and all of them have started construction of their manufacturing units on their respective plots, it said.


Currently, around 400 skilled and unskilled labourers are working at the site.


Meanwhile, another 15 building plans submitted by the customers of KCIP are awaiting approval from the Cantonment Board Korangi Creek (CBKC) who are keen to start construction on their respective plots, it said.