Pharmaceutical industry grew by 9.44%: Economic Survey

ISLAMABAD, Apr 26 (APP):The Pharmaceutical industry recorded a growth of 9.44 percent during on-going financial year
on account of growth in galenicals (tincture) 32.94 percent, injections 46.07 percent, capsules
45.42 percent and tablets 42.77 percent.
The industry continues to reap the benefits of favorable government policies like higher PSDP spending on health and clarity on drug regulatory policy in the domestic market.
According to the Economic Survey of Pakistan launched by Advisor to the Prime Minister on Finance here Thursday the rising income levels, health awareness among masses, Prime
Minister’s national health program at country level and Sehat Insaf card in KPK province helped to
boost pharmaceuticals sector.
The food beverages and tobacco recorded a growth of 2.33 percent on account of delayed
in sugar crushing whereas last year the major growth was arrived from sugar along with
others. The items recorded growths are soft drinks 10.41 percent, cooking oil 2.39 percent
and starch & its product 3.96 percent.