Pharma Asia fuels Pak-China pharmaceutical collaboration

KARACHI, Nov. 15 (Gwadar Pro) - The 20th Pharma Asia Exhibition and Conference commenced in Karachi on November 14th. With over 300 exhibitors from various countries, the three-day event attracted multiple Chinese companies to gain insights into Pakistan's pharmaceutical industry and explore the investment prospects.

Chunguang Pharmaceutical Equipment Company, a leading supplier of pharmaceutical packaging equipment in China, showcased their latest products at the exhibition. The company's manager expressed their enthusiasm, stating, "We provided detailed introductions of our products to every visitor, demonstrating our successful cases in Pakistan. We have also initiated cooperation discussions with many attendees and eagerly look forward to establishing partnerships with local companies. The investment potential in Pakistan's pharmaceutical sector is substantial."

As per the Trade Development Authority of Pakistan, the country's pharmaceutical industry has witnessed double-digit growth over the past five years, with an estimated value of $3.29 billion."Pakistan has 250 million people, making it one of the most promising consumer markets for pharmaceuticals. Not only is there a strong demand for pharmaceutical products in Pakistan, but the operating costs are also low, making it an ideal investment market," said a Chinese exhibitor.

Waheed Ahmed, Chief Executive of Shaigan Pharmaceuticals Pvt Ltd, emphasized the strong bond between Pakistan and China. "With 30 years of experience in cooperation with China, we recognize China's dedication to investing in chemical labs and training scientists, enabling them to achieve or even surpass the pharmaceutical standards of developed nations. We eagerly anticipate further collaboration  between Pakistan and China."