2020
DOI: 10.22555/ijelcs.v5i2.51
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Challenges of Pakistani Pharmaceutical Industry: Pakistan Case

Abstract: The population of Pakistan is fast growing and the need for supply of medicine will continue to increase. The local pharmaceutical market is growing at a faster pace as compared with the international market. Until 1990, the reliance on the supply of medicine to cater to the national demand was on multinational companies holding major market share. Thereafter, the national pharmaceutical companies started investing to improve the quality of their product lines, employing qualif ied professionals, and ensuring … Show more

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Cited by 2 publications
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“…However, the existing practice of simply importing 95% of the raw material, compounding active ingredients with excipients, coating the pills, and packaging the drugs cannot continue to be the long-term goal of the sector. Industry stakeholders feel that Pakistan’s current exports of 218 million USD can easily cross 0.5 billion USD in the coming years with the focus on introducing effective and timely measures to overcome gaps in the supply chain that could help them gain substantial international market share [ 13 ]. Certain features have hindered the progression of the pharmaceutical market to an advanced sector including increased market share of large companies, high prices controlled with excessive Drug Regulatory Authority of Pakistan (DRAP) regulations, weak regulations and enforcement of standards, and poor supply chain mechanism with reduced efficiency, skills and technology transfer, investment, quality, and capacity upgradation.…”
Section: Introductionmentioning
confidence: 99%
“…However, the existing practice of simply importing 95% of the raw material, compounding active ingredients with excipients, coating the pills, and packaging the drugs cannot continue to be the long-term goal of the sector. Industry stakeholders feel that Pakistan’s current exports of 218 million USD can easily cross 0.5 billion USD in the coming years with the focus on introducing effective and timely measures to overcome gaps in the supply chain that could help them gain substantial international market share [ 13 ]. Certain features have hindered the progression of the pharmaceutical market to an advanced sector including increased market share of large companies, high prices controlled with excessive Drug Regulatory Authority of Pakistan (DRAP) regulations, weak regulations and enforcement of standards, and poor supply chain mechanism with reduced efficiency, skills and technology transfer, investment, quality, and capacity upgradation.…”
Section: Introductionmentioning
confidence: 99%