Pharmacuetical Industryof Pakistan

PHARMACUETICAL INDUSTRYOF PAKISTAN

the essential drugs was in fact the life line for the national segment of the industry. Due to several reasons, especially inaccessibility of new researched medications this policy was ultimately reversed in 1976. Pharmaceuticals are the substances that are aimed to treat, cure, prevent or recognize diseases and relieve pains through their applications.

Research and discovery are the essence of pharmaceutical industry, and its success has played a vital role in maintaining pre-eminent position of the pharmaceutical industry in the world today. Such activities demand a sustain rate of huge investment over a long period. Pharmaceutical Industry devotes huge resources to R&D more than any industry.

HISTORICAL BACKGROUND

At the time of independence there were only two small units which were enabled to meet the local demand. The rest of the medicines were imported. The decision taken in 1972 to abolish brand names, restrict availability of essential drugs to 850, fix maximum retail prices across the board and freely allow local manufacturer of all

Since 1999 the Govt. has invested US$ 133 million in the pharmaceutical industry. The last 10 years was eventful for the Pakistan Pharmaceutical Industry because they have developed a large number of domestic manufacturers. In 2006 there were 400 licensed pharmaceutical companies in Pakistan, including 30 multinationals who had over 53% of market share. Today the industry has developed technology, production and an