Qamar eyes $5bn pharma exports by 2030
Commerce Minister Syed Naveed Qamar on Wednesday stressed the need for collective efforts to enhance pharmaceutical exports to over $5 billion by 2030. Speaking at the sixth Pakistan Pharma Summit and Pharma Export Summit and Awards (PESA) 2023, the minister outlined the government’s plans to significantly increase pharmaceutical exports. The event, organised by the Pakistan Pharmaceutical Manufacturers’ Association (PPMA), brought together industry leaders, experts and stakeholders to discuss strategies for growth and innovation in the pharmaceutical sector. Expressing his gratitude to PPMA leadership for organising the summit, the minister said the pharmaceutical market was growing very fast. “We can make Pakistan a leading player in the global pharmaceutical export market. We must prioritise local manufacturing of active pharmaceutical ingredients (APIs) to reduce our dependence on imports besides aligning with international standards. This would not only make us self-reliant but also create opportunities for export-oriented growth,” the minister observed.