Benefits of being a pharmaceutical exporter from Pakistan
Pakistan is one of the fastest-growing economies in South Asia and has a thriving pharmaceutical industry. As a result, becoming a medicine exporter from Pakistan can provide numerous benefits for individuals and companies alike. In this article, we will discuss the benefits of being a medicine exporter from Pakistan.
Growing demand for pharmaceuticals
The demand for pharmaceuticals is increasing worldwide, and Pakistan is no exception. As per the Pakistan Pharmaceutical Manufacturers Association (PPMA), Pakistan is the largest provider of generic drugs globally. Pakistan’s pharmaceutical industry is growing at a rate of 15% annually and is expected to reach $5.6 billion by 2023. This indicates that the demand for medicines is high, and there is a vast market to tap into.
Competitive pricing
The cost of producing medicines in Pakistan is relatively low compared to other countries, including the United States and Europe. This allows Pakistani companies to offer their products at a lower price, which can attract international buyers looking for quality medicines at a competitive price.
Strategic location
Pakistan’s strategic location offers many advantages for medicine exporters. It is located at the crossroads of South Asia, the Middle East, and Central Asia, providing easy access to these markets. Additionally, Pakistan has good relations with neighboring countries like China and Iran, which can provide further opportunities for exporters.
Strong regulatory framework
Pakistan’s pharmaceutical industry is regulated by the Drug Regulatory Authority of Pakistan (DRAP). The DRAP is responsible for ensuring that medicines produced in Pakistan meet international quality standards. This regulatory framework provides assurance to international buyers that the medicines they are importing from Pakistan are of international standards, safe and effective.
Skilled workforce
Pakistan has a large pool of skilled and qualified professionals, including pharmacists, chemists, and other technical personnel. These professionals are well-equipped to manufacture high-quality medicines and ensure that they meet international standards.
Top Pharmaceutical Exporters in Pakistan
Pakistan is quickly emerging as one of the leading pharmaceutical exporters in the world. The country’s pharmaceutical industry has been growing rapidly over the past few years, with many local companies expanding their operations and exporting their products to countries all over the world. In this article, we will explore why Pakistan is becoming a major player in the global pharmaceutical industry and highlight some of the leading pharmaceutical exporters in the country.
The Pakistan Pharmaceutical Industry
The Pakistan pharmaceutical industry has been growing at a rapid pace in recent years, driven by several factors. One of the main drivers of growth has been the increased demand for pharmaceutical products both domestically and internationally. The domestic market has been expanding rapidly due to rising incomes, an aging population, and increasing healthcare awareness among the population. At the same time, international demand for Pakistani-made pharmaceuticals has been growing due to the high quality, competitive pricing and availability of these products.
Another factor driving growth in the Pakistan pharmaceutical industry is the government’s efforts to promote the industry. The government has taken steps to support the development of the industry by providing incentives and tax breaks to local pharmaceutical companies. Additionally, the government has invested in the development of research and development (R&D) capabilities within the industry, which has helped local companies to develop innovative new products.
Leading Pharmaceutical Exporters in Pakistan
Several pharmaceutical companies in Pakistan have emerged as major exporters of pharmaceutical products to countries all over the world. Some of the leading pharmaceutical exporters in the country include:
Ferozsons Laboratories Limited
Ferozsons Laboratories Limited is one of the leading pharmaceutical companies in Pakistan, with a strong presence in the domestic market and a growing export business. The company’s product portfolio includes a range of drugs for the treatment of cancer, cardiovascular disease, diabetes, and other conditions.
Searle Pakistan Limited
Searle Pakistan Limited is another leading pharmaceutical company in Pakistan, with a strong focus on research and development. The company’s product portfolio includes a range of drugs for the treatment of general ailments, cardiovascular disease, and infectious diseases.
Don Valley Pharmaceuticals
Don Valley pharmaceuticals is one of the emerging pharmaceutical companies in Pakistan. This company is located in Lahore and has been operating for more than 25 years in local markets, leading Govt institutions and international markets. This company has been exporting a wide range of medicines to different countries including Sri-Lanka, Kenya, Uganda, Nigeria, Myanmar, Cambodia, Vietnam, Yemen, Afghanistan, Philippines, Somalia, Guinea, Sudan, Burundi, Iraq, and many others. You will find every kind of medicine from this pharmaceutical company in Pakistan. From Cardiovascular, Central Nervous System, Gastrointestinal tract, Diabetes care, respiratory, and nutraceuticals, you will find premium quality medicine from Don Valley. Don Valley pharma has made its products easily accessible to everyone across the globe with the help of 123 distributors.
This company has been named as the best pharmaceutical exporters of Pakistan. Not only this company has made Pakistan proud but also made it obvious on the international forum that medicines by Pakistani exporters are very beneficial. Also this company is delivering its social responsibility by promoting women empowerment and helping ailing segments of the society. Don Valley these efforts are also being recognised by FPCCI.
