Pharma industry targets $500m exports: The News

Saturday, November 08, 2008
By our correspondent

LAHORE: Pharmaceutical industry, encouraged by crossing $100 million mark in exports, is focusing on achieving a target of $500 million by 2013 provided the government ensures elimination of producers of spurious drugs in local markets which affects the industry’s image abroad.

Pakistan Pharmaceutical Manufacturers Association Chairman Kashif Sajjad Sheikh stated this during a visit of Dr Asad Ashraf, Chairman Chief Minister’s Task Force on Spurious Drugs, to the Lahore Chamber of Commerce and Industry. He said the whole pharmaceutical industry would support the government and extend full cooperation in its drive against unqualified people, who were defaming the industry.

The chairman of chief minister’s task force on spurious drugs assured that stern action against all such unqualified people would be taken, who were harming the pharmaceutical industry for petty gains. He said the government was well aware of the fact that a few unscrupulous people were tarnishing the image of the whole pharmaceutical industry, which was not only catering to domestic needs but also earning foreign exchange for the country.

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