Federal Minister for Commerce Jam Kamal Khan reaffirmed his commitment to boosting pharmaceutical exports, announcing the establishment of an empowered Pharma Export Promotion Council, PharmEx Pakistan, under the Trade Development Authority of Pakistan.
\n\u201cThe pharmaceutical sector has huge export potential, and PharmEx Pakistan is just one or two steps away from becoming operational,\u201d said the minister.
\n He appreciated the industry\u2019s rapid progress and assured continued government facilitation to achieve global export targets, said a press release issues here on Wednesday.
\nOn trade with Afghanistan, he stated, \u201cWith every passing day, our relations are growing stronger and more streamlined \u2014 pharmaceutical exports will rise accordingly.\u201d<\/p>\n
The minister\u2019s remarks came during a presentation by Pakistan Pharmaceutical Manufacturing Association (PPMA) Chairman Touqeer ul Haq, who briefed him on the formation of Pharmax Pakistan, a public-private initiative to promote and manage pharmaceutical exports.
\nChairman Touqeer ul Haq praised the minister\u2019s prompt action in addressing critical issues, stating it helped the industry avoid major financial losses.
\nHe added that Pharmacy Pakistan has the potential to raise pharmaceutical exports from USD 700 million to $ 3 billion.
\nThe initiative builds on strong sectoral growth, with exports rising from USD 270 million in 2020\u201321 to USD 355 million in 2024\u201325, as noted in the latest industry figures.
\nTouqeer ul Haq also called for better facilitation of exports to Afghanistan, a key market, and welcomed the minister\u2019s assurance of focused policy coordination.
\nPharmax Pakistan is expected to serve as a dedicated platform to enhance regulatory compliance, market access, and international outreach for Pakistani pharmaceutical products.
\nThe minister assured the association of the Ministry\u2019s commitment to resolve the issues faced by the exporters and announced the establishment of a dedicated Exporter Facilitation Desk in the Ministry to help the export industry with critical matters requiring urgent intervention of the Government.<\/p>\n","protected":false},"excerpt":{"rendered":"
Federal Minister for Commerce Jam Kamal Khan reaffirmed his commitment to boosting pharmaceutical exports, announcing the establishment of an empowered Pharma Export Promotion Council, PharmEx Pakistan, under the Trade Development Authority of Pakistan. \u201cThe pharmaceutical sector has huge export potential, and PharmEx Pakistan is just one or two steps away from becoming operational,\u201d said the […]<\/p>\n","protected":false},"author":2,"featured_media":482772,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-482757","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n