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The pharmaceutical industry in Pakistan was estimated to be worth Rs. 748 billion (US$2.6 billion) in 2023, representing about 1% of the country's GDP. [ 1 ] The industry is largely import-dependent, with more than 90% of raw material being imported and only 12% of active pharmaceutical ingredients locally produced. [ 1 ]
The PSQCA was formed through the passage of the Pakistan Standards and Quality Control Authority Act, 1996 by the Parliament of Pakistan. [1] [2] [3]On Feb 16, 2022, the Senate Standing Committee on Science and Technology approved transfer of head office of Pakistan Standards and Quality Control Authority (PSQCA) to Islamabad from Karachi.
In 2016, German Merck KGaA executed a binding contract to divest its shareholding in Pakistan to Martin Dow Ltd. [11] [12] [13] In 2016, in a €1.5 million deal, Martin Dow acquired the Laboratoires Salem (before 2010 Bristol-Myers Squibb ) pharmaceutical manufacturing facility in Meymac , France.
The company started its operations in Pakistan as Glaxo Laboratories Pakistan Ltd and was listed on the Karachi Stock Exchange in 1951. [3]GSK Pakistan equation was formed when Beecham, Glaxo Welcome and Smith Kline, all having a big name in the pharmaceutical market and that were separate entities before, merged in 2002.
In 1965, Y. M. Khan became the first Pakistani chairman of ICI Pakistan at the age of 38. [3] During Khan's leadership, ICI Pakistan focused on industrial expansion, establishing a textile auxiliaries plant in Karachi, a pharmaceutical factory in Narayanganj in East Pakistan, and acquired the Fuller Paints factory in Lahore which was later renamed as Paintex.
Adamjee Group (Urdu pronunciation: [ˈaː.dəm.dʒiː] AH-dum-jee) is a group of companies headquartered in Karachi, Pakistan. The group was previously headed by Sir Adamjee Haji Dawood . As of 2007, it is unofficially estimated that the owners of Adamjee Group are among the top 40 wealthiest families in Pakistan.
Hamdard Laboratories central structure is based in Karachi, consisting of fully automated pharmaceutical manufacturing and research units, manufacturing a wide spectrum of herbal products. Recently, a new industrial complex has been set up about 40 km from Karachi. Apart from Karachi, manufacturing units operate in other Pakistani cities.
Quality management ensures that an organization, product, or service consistently functions as intended. It has four main components: quality planning, quality assurance, quality control, and quality improvement. [1] Customers recognize that quality is an important attribute when choosing and purchasing products and services.
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