No Investment Made In Pharma Sector In Two Years, Says MNC Official


News: Pakistan has not seen any investment in the pharmaceutical sector for the past two years, while the overall investments have stopped due to incompetency of the drug regulatory agency and the health ministry, an unidentified official of a multinational pharmaceutical company has told the Business Recorder. The official said that the cost of doing business in Pakistan is rising, while the price of medicines has remained the same since 2001. The move is hurting the multinational pharmaceutical companies operating in Pakistan as they were finding it difficult to maintain the standard of their drugs and remain financially viable, the official said.

This article is tagged to:
Sector: Pharmaceuticals & Healthcare
Geography: Pakistan, Pakistan, Pakistan, Pakistan

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