Pharmaceutical Industry in Pakistan is rapidly growing. Pakistan meets 80% of its domestic demand of medicines from local production and 20% through imports. The pharmaceutical market size is Rs. 70 Billion (US$ 1.2 Billion), approximately. There is a forecast to reach US$3.34bn by 2013, representing a compound annual growth rate (CAGR) of 10.55%. This rate of expansion is one of the highest in our coverage universe.
Pakistan is also exporting its finished drugs to a large number of countries particularly to the Asian and African regions with an expanding trade in the newly emerged Central Asian States. About a hundred million strong populations of the Central Asian States, with almost no local manufacture of medicines, offers an attractive market for industries located in Pakistan.