Cabinet approves contract manufacturing for the pharmaceutical sector
The federal cabinet on Thursday approved the contract manufacturing proposal for the pharmaceutical sector.
This was announced by Prime Minister’s Trade Advisor Abdul Razak Dawood on his twitter account, adding that: “This will open new avenues for export and joint venture opportunities for our pharmaceutical industry.”
The advisor said contract manufacturing allows SMEs to start selling their products without obtaining the large capital needed to build and operate a factory. “It will also bring new job opportunities,” he said.
I am pleased to announce that the firm has approved the contract manufacturing proposal for the pharmaceutical industry. It will open up new export avenues and joint venture opportunities for our pharmaceutical industry.
– Abdul Razak Dawood (@razak_dawood) September 30, 2021
Earlier, at the ceremony for the 1st Pharma Export Summit and Awards (PESA) 2021, Dawood said the government had set an export target of $ 38 billion for the current fiscal year in consultation with relevant stakeholders. .
“The government will try to raise exports of goods and services to the $ 40 billion mark,” he added.