ISLAMABAD: Federal Minister for Science and Technology Khalid Hussain Magsi met key stakeholders from the pharmaceutical industry in Islamabad to discuss the challenges and opportunities facing local pharma companies, and to explore ways to strengthen government support for the sector.
Speaking at the meeting, the minister said the Prime Minister had issued clear directives to promote partnerships with local pharmaceutical firms to help the industry move towards self-sufficiency.
He said the Ministry of Science and Technology is taking all necessary steps to support the local pharma industry in line with the Prime Minister’s vision. Relevant institutions have been directed to offer full cooperation in providing technical, research, and production support to local companies.
Magsi announced that the government has decided to focus on manufacturing computer-controlled fermenters and increasing their production capacity within the country. In addition, efforts are underway to upgrade research and development infrastructure for the production of biochemicals, biopharmaceuticals, and bio-proteins, which he said would play a key role in enhancing the quality and autonomy of the pharmaceutical sector.
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Highlighting the need to strengthen a biotechnology-driven economy, the minister emphasized reducing dependence on imports. He said local production of Active Pharmaceutical Ingredients (APIs) is being considered to meet industry demands and make better use of national resources.
He further shared that PCSIR has been instructed to immediately engage with local pharma companies. This move aims to establish direct communication between the government and the industry and develop a joint strategy to bring Pakistan’s pharmaceutical sector up to international standards.
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