Islamabad November 11 2024: The exports of pharmaceutical witnessed an increase of 31.11 percent during the first quarter of the current financial year 2024-25, as against the exports of the corresponding months of last year.
Pharmaceutical adds more than PKR 38 billion to the market capitalization of Pakistan Stock Exchange in today’s trading session with seven out of thirteen stocks hit upper limits.
Meanwhile, the pharmaceutical representative in a senate briefing held today said we can increase our exports to USD 5 billion if Trade Development Authority of Pakistan (TDAP) accept our demand of pharma Excel. Pharmaceuticals negotiates with international regulators in an Excel model, he added.
Pharmaceutical representative added that there are 200 registered companies in India, only 7 to 8 of us are registered.
The pharmaceutical exports from the country were recorded at US $105.936 million during July-September (2024-25) against the exports of US $80.796 million during July-September (2023-24), according to the Pakistan Bureau of Statistics (PBS).
Meanwhile, year-on-year basis, the pharmaceutical exports witnessed an increase of 61.55 percent during the month of September 2024 as compared to the same month of last year.
The exports of pharmaceutical from the country during September 2024 were recorded at US $43.607 million against the exports of US $26.992 million in September 2023.
On a month-on-month basis, pharmaceutical exports also witnessed an increase of 53.78 percent during September 2024 when compared to the exports of US $28.357 million in August 2024, the PBS data revealed.
