LAHORE: After an increase of over 22 percent in pharmaceutical exports in the first quarter of this fiscal year, the government should support it in national interest, as potential foreign exchange earners, a statement, quoted an official as saying, on Friday.
Lahore Chamber of Commerce and Industry (LCCI) President Mian Misbah Tariq in a meeting with the Pakistan Pharmaceutical Manufacturers Association (PPMA) delegation said over a decade ago, global consultants, McKinsey and Company, declared pharmaceutical industry as the sunrise industry of Pakistan.
Still, he regretted, it has been regularly neglected. It is denied subsidised power and gas despite better export performance than the sectors that availed this facility, he said.
Tariq said that a member from the pharma industry must be included in the FBR committee, adding that the sales tax on pharmaceutical industry inputs should be abolished.
The medicine prices should be determined by the Ministry of Commerce instead of the Ministry of Health, he said, adding that PPMA led by its Chairman Tauqeeul Haq has endorsed his views.
The headquarters of the Sui Southern Gas Company . — APP FileKARACHI: Sui Southern Gas Company has launched a fresh...
The logo of the ExpoMed Eurasia. — CA MI websiteKARACHI: Pakistan is participating in ExpoMed Eurasia, a leading...
Gold bars are seen in this undated file photo. — AFP/FileKARACHI: Gold prices increased by Rs500 per tola on...
FFBL Head Office building can be seen in Islamabad. — FFBL WebsiteKARACHI: Fauji Fertilizer Bin Qasim Limited has...
Representational file of an MBW car. — AFP FileLAHORE: Small improvements in economic credentials of the country are...
The logo of the Oil and Gas Regulatory Authority . — Ogra websiteKARACHI: After Pakistan’s oil refineries,...