Pakistan’s Pharma Sector Sets $10 Billion Export Target in Meeting With Aurangzeb

Pakistan’s pharmaceutical industry has set an ambitious target of achieving USD 10 billion in exports. The development came during a meeting between Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and a high-level delegation of the Pakistan Pharmaceutical Manufacturers’ Association (PPMA) led by Chairman Dr. Tahir Azam. The PPMA unveiled its vision for “PharmEx Pakistan,” a dedicated export promotion platform designed to bring together public and private stakeholders to accelerate sectoral growth and expand international market access. Senator Aurangzeb praised the industry’s record 34 percent year-on-year export growth and noted that domestic pharmaceutical production has grown by 18 percent, significantly outpacing the global average of 5 percent. He also highlighted the government’s recent regulatory reforms, which have cut product registration timelines from years to weeks, enabling faster market entry for new drugs. The meeting concluded with a shared commitment between the government and industry to strengthen collaboration, attract investment, and drive export-led growth in Pakistan’s rapidly expanding pharmaceutical sector.