Pharma industry has now found rightful place, getting Govt. attention and has right to move forward in right Direction-Abdul Razak Dawood


First Pakistan Pharma Export Summit and Awards 2021
Pharma industry has now found rightful place, getting
Govt. attention and has right to move forward in right
Direction-Abdul Razak Dawood
Duties on APIs removed, Toll manufacturing has been allowed,
pharma industry tariff will be set by Commerce Ministry not FBR
Joint Facilitation Center for Chinse leading manufacturers
being established under CPEC to help attract pharmaceutical
raw material manufacturers-Khalid Mansoor

ISLAMABAD: Pharmaceutical industry in Pakistan has now found is rightful place, it is getting Government’s full attention and it has a right to move forward in the right direction. We have now removed all duties on APIs, allowed Toll manufacturing and the pharma industry tariff will now be set by the commerce ministry and not Federal Board of Revenue. Numerous other incentives are also being offered to the pharma industry so that it can increase exports and play it role in the economic development of the country. This was stated by Mr. Abdul Razak Dawood Advisor to the Prime Minister on Commerce and Investment. He was speaking at the First Pakistan Pharma Export Summit and Awards ceremony organized by Pakistan Pharmaceutical Manufacturers Association (PPMA) here on September 29th 2021. The Summit attracted a large number of pharmaceutical companies involved in export of drugs and high government functionaries including Advisor to the Prime Minister on Health Dr. Faisal Sultan, Advisor on CPEC Mr. Khalid Mansoor and Chief Executive of DRAP Dr. Asim Rauf. Awards were also presented to all the drug exporters to recognize their contribution to economic development and encourage them.

Mr. Haroon Qasim, Dr. Kaiser Waheed, Mr. Tauqeer Ul Haq Chairman PPMA and Mr. Zahid Saeed
photographed along with Mr. A. Razzak Dawood Advisor to Prime Minister who was the chief
guest at First Pakistan 
PESA 2021 held at Islamabad on September 29th, 2021.

Continuing Mr. Razak Dawood said that Government has to go for diversification in its trade policy. This is our strategic trade policy framework and we have benefitted from the expertize of Mr. Tariq Ikram he acknowledged. He urged the PPMA members and all others present to study the presentation by Mr. Tariq Ikram carefully as it has lot of useful suggestion. We have the total commitment of the Prime Minister in our efforts to help the pharma industry. We need to add new things to exports. Soon after the government formation when he was asked by the media, what are the three major priorities of the government to bring industrial revolution, I said our First priority was export, seconds export and third is export. To increase our exports is our priority and it is the way forward for the Pakistan economy. I trust that the targets you have set will be achieved by the Pakistani pharma industry. Our target of exports by June 2022 is 38 Billion dollars and we will try to make it up to forty billion. For pharma industry setting the tariff will not be by the FBR but by commerce ministry which will rationalize it. We have specialists working on it. We have made development changes and Finance Advisor Shaukat Train fully supports it, he remarked.

Rationalization of tariff of pharmaceutical industry Mr. Razak Dawood stated was on top priority and it is in this context that all duties on APIs have been removed. Tariff rationalization in 2022 is aimed at encouraging the pharma industry. Any item still left over will also be included, he promised. He further disclosed that State Bank of Pakistan will be requested to come up with a special package for the pharma industry.

Recently we visited many countries including Kenya, Tajikistan, Sri Lanka and we took PPMA representative with us. In the coming months we plan to visit Africa including Nigeria and there will many opportunities to increase our drug exports. He was of the view that we have to modify the Drugs Act 1976. Drug pricing will go to Commerce Ministry from the Ministry of Health. He laid emphasis that Pakistan Brand must be exported. Pharmaceutical industry will have a new tariff. He asked the industry to improve their quality, standards which will help them get their due share. Make pharma industry a rich industry, get together so that it becomes lucrative industry and exports increase. He hoped that Pharma industry will become a leading industry and leading exporters in the days to come.

Mr. Khalid Mansoor Special Assistant to PM on CPEC Affairs speaking on this occasion congratulated the PPMA for organizing first of its kind pharmaceutical export oriented conference. I am Glad to know that now national pharmaceutical industry has the major share of Pakistan Pharma Market. It is outstanding performance. CPEC he said, will attract Chinese drug manufacturers and it will bring industrial revolution.

He also disclosed that when he visited China along with former Prime Minister Mian Nawaz Sharif, during our meeting, Mian Nawaz Sharif requested to the Chinese Government for investment in Power, Energy and road networks as all these were vital for Industrial growth. We used to have 12-18 hours’ load shedding. Main component of electricity generation was coal all over the world. We went for coal power generation and the West refused to help us in this facility. He also disclosed that so far there has been 13 billion dollars’ investment in power sector and Roads network, Gwadar Port development. Another 12 billion dollars’ investment is in the pipeline.

In the Phase-2 we had JCC meeting. Many leading industrial groups are being invited form China including pharma industry and information technology. Nine special economic zones have been created for industrial development. We are establishing Joint Facilitation Center for Chinse leading manufacturers and asking them to come to Pakistan, invest in industrial areas. We wish Chinese should come here. They should set up basic pharmaceutical raw materials plants in collaboration with Pakistani investors. The government, he said will provide them full support.