Essays /

Basic Chemical Manufacturer Essay

Essay preview

The size of the pharmaceutical market in Pakistan is Rs.101 Billion (USD 1.2 Billion) and it is growing at a rate of about 12 - 15% per annum. There are presently 448 manufacturing units in Pakistan and there are 28 multinational companies operating in the country which have a 50% market share, suggesting that the market is quality-sensitive. Export of pharmaceuticals is limited, presently worth only USD 100 million, and these are destined mainly for African, Central Asian and South-East Asian countries. European, Australian and American markets remain beyond the industry’s reach owing to lack of the requisite manufacturing standards. Amongst the manufactured exports, pharmaceuticals rank seventh but more impressive is their growth which is twice the overall export growth of Pakistan. Basic Chemical manufacturer may be defined as production of drugs and chemical by synthesis, fermentation or extraction from naturally occurring materials of biological or mineral origin. Unfortunately, while the pharmaceutical formulation industry has grown at a relatively rapidly pace, the basic chemical industry in Pakistan has lagged behind. Basic manufacturer is dependent upon a reasonably well-developed petrochemical industry. The Pharmaceutical industry in Pakistan is pr...

Read more

Keywords

1.2 10 100 12 15 28 30 448 50 500 90 92 abl abroad accur achiev acid action addit advers african aim alkaloid also altern although american amongst annum appropri area argu asian assess asset attempt attent australia australian auxiliari avail bad base basic behind believ best beyond biggest billion biolog bring capabl capac care caustic central check chemic chemistri china chlorat chlorid codein compani compar compel consumpt contribut corpor cosmet cost countri cours cultur current defin depend destin develop dextromorphan differ drug east effect emphasi engag enhanc entrepreneur establish estim etc european exact exchang exist expans exploit explor export extract extrem facil fact factor fame fashion ferment fine finish first follow food foreign formul germani get given goal grade great group grow grown growth health henc heroin hi hi-tech high human hydrochlor identifi illeg import impress inclin includ independ india industri ingredi initi inject innov intent intermedi invest involv japan lack lag laid larg legal like limit local long ltd m.e made main major make manageri manufactur map market materi may medica medicin million miner misus modest morphin multin multipurpos natur need new notic occur offici often one oper opium opportun organ origin other overal owe pace pakistan parent passag per percent petrochem phalcodein pharmaceut place plan plant polish portrait posit possess potassium potenti precious present price primarili produc product project promot prospect purchas pvt qualiti quality-sensit quarter quiet quit rank rapid rate raw reach reactiv reason recommend region relat remain requir requisit resourc result rich rid rock rs.101 sale salt save say scale scientif sea self self-suffici sensit seventh share signific sinc size sketch skill soda sodium solvent sourc south south-east spite standard start still strengthen strive studi suffici suggest sulphat synthes synthesi system talent tech theme therapeut therefor tie time ton total train turkey twice type uk unfortun unit upon urgent usa usd use util valu valv various vision well well-develop world worth yet