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Pakistan drug companies seek trade ties with India

visa restrictions but everyone knows that in reality it is a tough task to get visa for the business community for each other's country."

The total pharmaceutical market in Pakistan is estimated at $1,000 million, with a five percent annual growth. However, multinationals dominate the industry with a market share of about 60 percent.

Qureshi said the Pakistani pharmaceutical industry was completely dependent on China for the supply of raw materials and machinery despite these being of inferior quality.

The machinery did not last very long and if it developed snags it was a major problem, as the Chinese did not offer after-sales services, he said.

However, Ghulam Sarwar Mohmand, former president of the Sarhad Chambers of Commerce and Industry who is involved in the pharmaceutical business, said: "India is already dumping the local market with sub-standard drugs through Afghanistan."

He said if the government decided to import drugs from India, only those approved by the US Food and Drug Administration (FDA) should be allowed; otherwise vested interests could dump the Pakistani market with substandard drugs apart from harming the interests of the local industry.

The pharmaceutical industry in Pakistan has grown from 20 manufacturers two decades ago to around 316 domestic manufacturers and 20 multinationals at present. On the bulk drugs front, about 90 percent of the requirements are met through imports.

--(IANS)
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