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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.
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 APIs locally produced. [1]
In 2015, Martin Dow was recognized as a Global Growth Company by the World Economic Forum. [9] In the same year, Martin Dow entered into an alliance with Biocodex S.A., a France-based pharmaceutical company. [10] In 2016, German Merck KGaA executed a binding contract to divest its shareholding in Pakistan to Martin Dow Ltd. [11] [12] [13]
Karachi: 2004 Media holding company P A Hyundai Nishat Motors: Consumer goods Automobiles Lahore: 2017 Cars manufacturer, joint venture of Nishat Group & Hyundai (South Korea) P A Lucky Core Industries: Chemicals Specialty chemicals Karachi: 1944 Paints, polyesters, pharmaceuticals, agrichemicals and soda ash, owned by Yunus Brothers Group: P A ...
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.
The following table lists the largest biotechnology and pharmaceutical companies ranked by revenue in billion USD. The change column indicates the company's relative position in this list compared to its relative position in the preceding year; i.e., an increase would be moving closer to rank 1 and vice versa.
Karachi: US$4.8 billion: Fertilizer: US$367 million: Bank of Punjab: Lahore: US$0.736 billion: Banking: US$76 million [15] Forward Sports: Sialkot: Sport goods: US$51 million [16] Systems Ltd: Lahore: US$0.5 billion (2022) [17] Information technology: US$27 million (2022) [18] Lakson Group: Karachi US$200 billion Conglomerate company US$363 ...
The KSE-30 Index is a stock market index which tracks the performance of the top 30 most liquid companies listed on the stock exchanges in Pakistan. [1] The index is based on a free float methodology [2] in differentiation to other indices based of paid-up capital. [3] The KSE-30 Index was launched and implemented by the Karachi Stock Exchange ...
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