Category: Business

Lahore (Muhammad Yasir)

Dr Gohar Ejaz Group scores historic 16th consecutive win in APTMA elections, sweeps all nominated seats unopposed. The APTMA Election Commission has declared Dr Gohar Ejaz Group’s candidates as unopposed winners for the North and South Zone Executive Committees after scrutiny as per the election schedule for 2024-26, marking a decisive victory for the group. The textile industry has experienced remarkable growth over the past 15 years, with exports increasing by over $210 billion during 2010 to 2024. Dr Gohar Ejaz, the leader of APTMA, the industry’s supreme body, has been at the helm of this success, which has seen textile exports rise from $10 billion in 2009-10 to $16.5 billion in 2023-24, with a record high of $19 billion achieved in 2021-22. It led to exponential growth in the textile industry capacity to $25 billion under TERF. However, the industry was forced to operate at 65 percent capacity due to change in energy prices and taxation regime of sales tax in 2022. Under Dr Gohar Ejaz’s fearless leadership, Pakistan’s textile industry has witnessed a remarkable transformation, with a new breed of entrepreneurs rising to the challenge and doubling the country’s exports. His unwavering commitment and pioneering spirit have made him a legend in the industry, cementing his status as the champion of Pakistan’s textile industry. Dr Gohar Ejaz’s tireless efforts to boost Pakistan’s exports and industry were acknowledged by the federal caretaker government, which appointed him as the Federal Minister of Commerce in August 2023. His exceptional leadership skills were further recognized by entrusting him with the additional responsibility of Federal Minister of Interior. Dr Ejaz discharged both responsibilities with utmost dedication and integrity, earning the respect and admiration of the business community across the country. Today, not only the textile industry but the entire business community across Pakistan regards Dr Gohar Ejaz as their saviour. As the head of the Economic Think Tank of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he is championing the cause of industries nationwide. With a bold vision to propel Pakistan’s exports to $100 billion by 2030, Dr Ejaz is poised to leave a lasting impact on the nation’s economic landscape. Dr Gohar Ejaz has recently sparked a national movement against the exploitative electricity supply through IPPs by the country’s powerful elite, seeking justice for the masses. He has called on the government to investigate IPPs’ financial dealings and revise their contracts to ensure transparency and fairness. His petition in the Supreme Court of Pakistan has added momentum to the campaign. Meanwhile, the APTMA Election Commission has released the list of successful candidates from the North Zone, which includes prominent figures from the textile industry. The winners are: Mr Amer Fayyaz, Dr Gohar Ejaz, Mr Khawaja Muhammad Yunus, Mr Adil Bashir, Mr Kamran Arshad, Mr Amer Naseem Sheikh, Mian Muhammad Alamgir Jameel Khan, Mr Naveed Gulzar, Mr Shehzad Ahmed Sheikh, Mr Danish Qaiser Monoo, Mr Siddique Javed Bhatti, Mr Habib Anwar Sheikh, Mr Amer Abdullah, and Mr Muhammad Haris. Similarly, those from the South Zone elected unopposed include prominent figures from the textile industry, such as Mr Muhammad Jameel Qasim, Mr Khurram Inam, Mr Rafique Ibrahim, Mr Shoaib Dewan, Mr Muhammad Faizullah, Mr Asad R Premji, Mr Khalid Majid, Mr Khurram Ashfaq, Mr Adeel Tata, and Mr Mahfooz Ahmed Bajwa. APTMA transformation from yarn and fabric representative body to complete value chain is visible in the composition of the executive body, which is being represented by CEOs of largest denim garments , home textiles, knits, towel, dyed fabrics, cotton yarn and synthetic textiles companies, the leadership of Dr Gohar Ejaz has Created an everlasting impact on APTMA as the apex body representing all segments of textiles value chain. Dr Gohar Ejaz has hailed the newly elected members on their unprecedented 16th consecutive win in the APTMA elections, covering both North and South zones. He hopes that the new leadership will actively contribute to bolstering the country’s exports and collaborate with the government to create a conducive business environment in this respect

Lahore (Muhammad Yasir)

Former Federal Minister for Trade and Interior, Dr. Gohar Ejaz, has emphasized the urgent need for new housing projects in Pakistan, highlighting that a significant portion of the population still lacks homeownership and lives in rented accommodations. During a recent visit to the Din Gardens site in Faisalabad, Dr. Ejaz, who is also the CEO of Lake City Holdings, was briefed on the project’s progress. Director of Din Properties, S.M. Nabeel, along with the project administration, provided Dr. Ejaz with a detailed tour of the site. The briefing included insights from Qasim Nadeem, GM Sales; Mr. Jahangir, GM Project; and Colonel Ashfaq, Chief Engineer. S.M. Nabeel stated that Din Properties is committed to making investments in Din Gardens a valuable decision. The society offers 5, 7, and 10 Marla and 1 Kanal residential plots, available with a 20% down payment and the remaining amount payable in easy installments over 3 years. Dr. Ejaz praised the rapid development of Din Gardens and provided expert advice for future success. Din Gardens is notable for being Faisalabad’s first master-planned project, featuring a 500-kanal park and sustainable green living solutions. Located at the intersection of Sahianwala Motorway Interchange and Faisalabad Expressway, the project includes luxurious amenities such as green spaces, wide roads, underground electricity, theme parks, community centers, sewage systems, gas, solar streetlights, 24/7 security, a gated community, hospitals, shopping malls, fiber-optic internet, schools, and international food chains. Din Properties, a new venture of Din Industries, aims to deliver standard residential facilities at affordable prices and has announced upcoming projects in various cities. With a strong background in business, Din Properties has established itself as a trusted name in the real estate sector.

Karachi (Muhammad Yasir)

The 25th edition of ITCN Asia, Pakistan’s biggest IT and
telecom expo and conference, will take place on August 27–29 at the
Expo Center in Karachi. This event is set to focus significant goals
of the Special Investment Facilitation Council (SIFC) to facilitate
investors, exporters, and entrepreneurs of the IT industry, making
Pakistan an emerging tech hub in the world.

ITCN Asia is expected to generate over $500 million in investments and
business, making it a significant contributor to Pakistan’s economy.
The event will also host the 2nd edition of the World CIO 200 Summit,
a global event held in 55 countries, further solidifying Pakistan’s
position in the global tech landscape.

State Minister for IT & Telecom Shaza Fatima Khawaja will inaugurate
the event as the chief guest, and Federal Minister of Commerce Jam
Kamal will also be the chief guest for the Agritech Conference at the
three-day trade fair.  Leading global and local brands are
participating in the event such as Google, TikTok, Microsoft, Odoo,
Huawei, PTCL, Easypaisa, including 750 companies.

The event will host more than 300 speakers and 70,000 visitors from
the tech sector, including 350 foreign delegates from 17 countries,
including Saudi Arabia, China, Singapore, Azerbaijan, Bahrain, Iran,
Egypt, UAE, etc. Several knowledge sessions will be held, such as
Digital Transformation Conference, Investors Summit, Digital Banking
Conference, Information Security Conference, Cloud and Datacenter
Conference, Startup Conference, E-commerce Conference, Gaming and
Animation Summit, Startup Conference, Blockchain Conference, and The
World CIO 200 Summit, etc.

Event Director ITCN Asia Umair Nizam said Pakistan’s IT sector is
flourishing by leaps and bounds with its consistent growth of exports
and expansion of local companies to different countries. Global
companies are enhancing their footprint and partnerships in Pakistan,
paving the way for technological transfer to local industries and
individuals.

The country is revamping its economy and governance systems on
technological milestones through a digital transformation due to the
vision of the government and relevant authorities, he said and added.
Every year, ITCN Asia provides a platform for all stakeholders, from
policymakers to global and local tech giants, professionals, and
thinkers, to set a direction for a country toward innovation,
development, and economic growth.

25th ITCN Asia will be presented by Tech destination Pakistan and
supported by the Ministry of IT and Telecom, the Pakistan
Telecommunication Authority (PTA), the Pakistan Software Export Board
(PSEB), the Federation of Pakistan Chamber of Commerce and Industries
(FPCCI), Ignite, CISO Global Forum, and the Pakistan IT Industry
Association (P@SHA).

Karachi (Muhammad Yasir)

Arshad Nadeem, Pakistan’s star athlete and Olympic gold medalist in men’s javelin throw, was celebrated for his historic achievement at a special ceremony held at Meezan House, the headquarters of Meezan Bank, Pakistan’s leading Islamic bank.

Amidst a backdrop of enthusiastic applause from Meezan Bank employees, Arshad Nadeem received the cheque from the Bank’s Founding President and CEO, Mr. Irfan Siddiqui. He was also honored with a commemorative plaque and medal from Syed Amir Ali, DCEO of Meezan Bank, celebrating his historic achievement.

Arshad Nadeem captured the gold medal at the 2024 Olympics with an exceptional throw of 92.97 meters, marking Pakistan’s first Olympic gold in 40 years that defined his Olympics journey. The cash reward of Rs. 9,297,000 given by Meezan Bank represents Rs. 100,000 for every meter of his Gold-medal-winning throw.

The ceremony, attended by distinguished guests and media representatives, underscored the nation’s pride in Arshad Nadeem’s accomplishment. Irfan Siddiqui, Founding President and CEO of Meezan Bank, presented Arshad Nadeem with the cash reward, highlighting the bank’s commitment to supporting Pakistani athletes who bring honor to the country.

Additionally, Syed Amir Ali, Deputy CEO of Meezan Bank, bestowed upon Arshad Nadeem a commemorative plaque and medal, symbolizing his remarkable journey and contribution to Pakistani sports history.

“It is a monumental achievement for Pakistan, and Arshad Nadeem has brought immense pride to our nation,” stated Mr. Irfan Siddiqui during the event. “His dedication, perseverance, and exemplary sportsmanship serve as an inspiration to millions of Pakistanis, proving that determination leads to extraordinary success.

“Syed Amir Ali, DCEO Meezan Bank Limited echoed similar sentiments, emphasizing Arshad Nadeem’s role in uniting the nation through his sporting excellence. “Arshad Nadeem’s achievement has not only bolstered Pakistan’s international standing but also inspired our youth to pursue their dreams with unwavering dedication,” he remarked.

“We applaud his resilience and commitment to excellence.” Meezan Bank reaffirms its commitment to nurturing talent and promoting sportsmanship across Pakistan, aiming to inspire future generations to achieve greatness on both national and global stages.

‘Revisiting Narratives: Nationhood, Public Memory, Urbanity and Labouring Lives’ – IBA-SSLA organizes 1^st Departmental Conference.

Karachi (Muhammad Yasir)  Department of Social Sciences and Liberal Arts (SSLA), at the School of Economics and Social Sciences (SESS), in collaboration with the Center for Business and Economic Research (CBER), Institute of Business Administration (IBA), Karachi, organized its first departmental conference titled ‘Revisiting Narratives: Nationhood, Public Memory, Urbanity and Labouring Lives’ at IBA Main Campus.

The conference brought together seasoned and emerging scholars, field practitioners, government representatives, and university students to initiate a dialogue on revisiting global and local narratives that shape our lives today. Panelists and participants were invited from across Pakistan and the globe.

Chairperson SSLA, Dr. Laila Sohail Farooq, gave opening remarks and welcomed honourable guests and attendees to the conference. Dr. Ravi Ahuja, Scholar of Modern Indian History based at Georg-August University Gottingen, delivered the keynote lecture titled ‘Labour as a Political Category: Twentieth Century Trajectories in South Asia’, in which he traced the evolution of the conceptual category of ‘labour’ and examined its potential as a political category in India and elsewhere in South Asia. He emphasized the need to expand the concept considering current socio-political and economic realities to reach and affect labouring lives both ideologically and materially.

The panel titled ‘The Lens of ‘Labor’ in the Context of Pakistan’ looked at the analytical categories relevant to the legal and scholarly discourse around labour and identified the role of the state and political movements in creating the differentiation of labour and the outcomes of such a differentiation.

The student panel later in the day, titled ‘Thinking about the Korean Wave through Fandom(s) and Feminism(s)’, invited four final-year students writing their theses on ways to approach and appreciate the Korean entertainment industry critically. The panel generated an enthusiastic discussion on the phenomenon of K-pop, a topic garnering significant attention both within the academy and outside it.

The last panel of the day, titled ‘The Claims of Pakistaniat: Citizenship Dilemmas and Their Implications’, undertook a close examination of the Pakistani national identity, from the viewpoint of citizenship rights and religious plurality. Dr. Nilofar Bakhtiar’s perspective of the notion from the point of view of governing bodies was a much-welcome addition to the panel.

A highlight of the conference was the showcase of student work in the IBA Alumni Students’ Centre. The showcase included research and practice-based projects carried out by SSLA students in their courses: ‘Critical Media Practice’, ‘Visual Methods in Urban Research’, and ‘Calligraphy’, in addition to final year students’ theses. Executive Director IBA, Dr. S Akbar Zaidi, appreciated student effort and encouraged all guests in attendance to pay a visit.

 

 

Lahore (Muhammad Yasir)

Imran Amin, CEO of the Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), chaired a high-level meeting to assess the progress of the Walton Road Upgradation Project. Following the meeting, he conducted an on-site visit to Pakistan’s premier and largest IT hub, CBD NSIT City, to review the ongoing construction of the Celestia IT Tower and associated roadworks. The progress review meeting was attended by key stakeholders, including Executive Director Technical CBD Punjab Riaz Hussain, Director Construction CBD Punjab Asif Babar, Project Director NLC Brigadier (R) Umar Farooqi, senior officials from NLC, NESPAK, and the official contractors. During the meeting, CEO Imran Amin was briefed on the status of projects.Significant advancements have been made to the Walton Road Upgradation Project. The completion of the ADA Nullah connection with the newly constructed ADA Nullah has resulted in a significant drop in the water level, reducing it by 4 feet. The shuttering for the major Ishaq Shaheed Flyover has been successfully removed, and the water-bound on both carriageways has reached 70% completion. The asphalt work on the junction of CBD Route 47 and Walton Road is set to commence shortly. In CBD NSIT City, the construction of the Celestia IT Tower is progressing at a steady pace. Excavation work has reached a depth of 50 feet, and ground lean work is currently underway. Road and infrastructure developments around the tower are also in full swing. Commenting on the progress of the projects, CEO Imran Amin stated, “Both the Walton Road Upgradation and Celestia IT Tower projects hold immense significance for the infrastructure development of Lahore. We are committed to ensuring their timely completion in accordance with the directives of Chief Minister Punjab, Maryam Nawaz. These projects are will play a pivotal role in transforming the urban landscape of the city.” The Punjab Central Business District Development Authority remains dedicated to enhancing Punjab’s infrastructure, positioning it as a leading province for business, technology, and innovation in Pakistan. The Walton Road Upgradation and Celestia IT Tower projects are key components of this vision, promising to elevate the standards of urban development in the region.

Pakistan (Muhammad Yasir)  In a strategic move to bolster Pakistan’s growing startup ecosystem, Telenor Velocity, Telenor Pakistan’s premier startup accelerator, has forged a powerful alliance with Invest2Innovate (i2i). By combining Telenor Pakistan’s market reach, technological infrastructure, and industry expertise with i2i’s proven track record in nurturing entrepreneurs, this partnership aims to empower startups to scale rapidly and compete on a global stage.

Pakistan’s youthful demographic, with 64% of the population under 30, presents an immense opportunity for innovation. With a population of nearly 240 million and 80% teledensity, the country boasts a vibrant startup ecosystem. However, despite this potential, 70% of startups face scaling challenges. In 2023, Pakistani startups secured $81.116 million in venture capital across 39 deals, highlighting a significant funding gap compared to regional counterparts.

Telenor Pakistan and i2i are determined to address these challenges by creating a robust ecosystem that supports entrepreneurship at every stage. Through this collaboration, Telenor Pakistan will offer i2i’s portfolio companies an array of invaluable resources. From tapping into Telenor Pakistan’s vast customer base of 44 million to gaining access to cutting-edge technology platforms, startups will receive the support needed to transform their ideas into thriving businesses. Moreover, mentorship from seasoned industry experts, comprehensive branding and marketing assistance, data-driven insights, and technological development support will equip entrepreneurs with the tools to succeed.

Areej Khan, Chief People Officer at Telenor Pakistan stated, “Pakistan is on the cusp of a digital revolution, and Telenor Pakistan is committed to being at its forefront. By joining forces with Invest2Innovate, we’re not just supporting startups; we’re investing in the future of our nation. Together, we’re creating a fertile ground for innovation to flourish, empowering young entrepreneurs to turn their dreams into reality and compete on the global stage.”

Sarah Munir, CEO of Invest2Innovate, added, “We are extremely excited to partner with Telenor Pakistan to empower the next generation of entrepreneurs. Community and collaboration are at the heart of this venture, and we are committed to providing our startups with an enabling environment and the support they require to succeed and grow.”

By combining their strengths, Telenor Pakistan and Invest2Innovate are poised to create a lasting impact on Pakistan’s startup landscape, promoting a culture of entrepreneurship and driving economic growth. This strategic alliance underscores Telenor Pakistan’s commitment to nurturing the startup ecosystem. Building upon the success of initiatives like the Startup Mentor’s Network and the partnership with GSMA’s Innovation Fund, Telenor Pakistan reaffirms its position as a catalyst for innovation in the country.

Karachi (Muhammad Yasir)

The Centre for Excellence in Journalism (CEJ) at the Institute of Business Administration (IBA), Karachi and Bank Alfalah, announced scholarships for the journalism degree program and capacity building of online content creators in financial literacy. Through a Memorandum of Agreement (MOA), Bank Alfalah will provide funding for scholarships to five students pursuing the Master of Science in Journalism (MSJ) degree at IBA for the year 2024-25 and workshops for twelve content creators on creating awareness about financial literacy.

The program aims to develop a new generation of journalists equipped with the skills to investigate and report on financial issues while empowering individuals.

Dr. Asma Hyder, Professor and Dean, School of Economics and Social Sciences (SESS), IBA said, “Journalism is important for an informed society and the strengthening of democracy. The Masters in Journalism at the SESS, IBA Karachi, equips the students with best practices in reporting, investigation, fact-checking, technology and ethics. We are proud of our competent faculty, visiting world-renowned local and international journalists, who guide students in producing well-rounded, accurate, and engaging content that informs the public and supports a vibrant, democratic society. Our alumni are successfully positioned in their careers, upholding IBA’s high standards in the professional world.”

Capacity building is crucial for journalists in Pakistan’s financial sector to ensure accurate, responsible, and impactful reporting. With the increasing complexity of financial instruments and markets, journalists need specialized knowledge to effectively understand and convey financial information. The program will sponsor five students pursuing the Master of Science in Journalism (MSJ) degree at IBA, providing them with financial assistance to complete their studies. By enhancing their skills, journalists can contribute to financial literacy, promote transparency, and hold stakeholders accountable, ultimately fostering a healthier financial ecosystem in Pakistan.

“This collaboration aligns with Bank Alfalah’s commitment to nurturing a skilled and informed workforce, while simultaneously contributing to the nation’s financial well-being,” said Madiha Javed Qureshi, Head of Corporate Communication at Bank Alfalah. “By providing scholarships to deserving students and empowering content creators through workshops, we are actively working to enhance responsible financial reporting that could not only benefit journalists but also people to make people use that information for their financial benefit.”

Additionally, CEJ-IBA will organize training sessions for twelve content creators to equip them with the skills to create engaging content about financial literacy. These trained content creators will then develop public awareness campaigns to educate the public about financial literacy and promote responsible financial practices.

Financial inclusion is critical for Pakistan’s economic growth and poverty reduction. Financial inclusion empowers individuals and businesses by providing access to formal financial services including savings, credit, and insurance. According to the World Bank, over 1.4 billion adults worldwide still lack access to bank accounts, highlighting the significant gap. In Pakistan, while progress has been made, millions remain unbanked, hindering their ability to participate fully in the economy.

This partnership will enhance journalism education, increase financial literacy among individuals, and foster a broader public awareness.

Karachi (Muhammad Yasir)

Sindh Local Government Minister, Saeed Ghani, has praised the exceptional philanthropic support extended by the industrialists of Korangi Industrial Area (KIA) in Karachi to ensure that the children of the labourers employed by them get quality school education.

The Sindh Local Government Minister expressed these remarks while speaking as the chief guest at the inauguration of the Al-Badar campus, school of the non-profit Green Crescent Trust (GCT) at the Sharifabad locality of KIA. Al-Badar campus has become the 170th charitable school of the GCT, which has been continuously striving for the past 30 years to educate children from underprivileged families in Sindh. A total of 10 GCT schools at Sharifabad and adjacent Mehran Town localities, both backward neighbourhoods mostly inhabited by labourers working at the KIA, enrol a total of over 2,222 children out of whom 60 per cent are girls. Up to 80 per cent of teachers in these schools are females. The state-of-the-art building of the new school of the GCT in the area, having an enrolment of over 350 students, was built in just five months.

The Local Government Minister praised the GCT’s charitable work in the education sector in Sindh continuing for the past three decades without a pause. He appreciated that businessmen associated with numerous industries at KIA had been generously donating to the GCT’s schools in the area to ensure quality schooling for the children mainly of the industrial workers. Ghani said the outstanding philanthropic assistance by the KIA’s concerned industrialists for the cause of education of children from underserved areas sets a healthy precedent for businessmen in the rest of the country to lend fullest support to noble charitable drives for the school education for deserving communities.  He eulogised the Korangi Association of Trade & Industry (KATI) to keep motivated its member industries to fully support philanthropic efforts aimed at benefiting the families of industrial workers. He told the audience that the provincial government valued the services of genuine charities and non-governmental organisations that had been lending full support to the noble campaign to enrol out-of-school children in the province. The Local Government Minister said that he had firsthand knowledge about the sincere efforts of non-profits like the GCT for the past many years to provide quality school education to children from disadvantaged communities. He appealed to the concerned philanthropists, businessmen, and donors to fully support such genuine charities in the education sector that had been actively partnering with the government to end illiteracy in the country.

KATI President, Syed Johar Ali Qandhari, said the concerned businessmen and industrialists of Korangi industrial estate would continue to extend fullest support to genuine charities like GCT to end the issue of illiteracy in Pakistan in the shortest possible time. He said that supporting charitable drives aimed at the provision of quality education to underprivileged children was one of the best community uplift services by Pakistani businesses.

KATI Deputy Patron-in-chief, Zubair Chhya, greeted GCT for its uninterrupted struggle for the past 30 years to build quality schooling facilities in remote and underserved areas in Sindh. He reaffirmed KATI’s fullest support to efforts by the government and concerned NGOs to enrol out-of-school children.

GCT CEO, Zahid Saeed, praised that a leading donor of his non-profit chose to remain completely anonymous to fund the building of its new school. He said the same anonymous donor through his exceptional philanthropic support ensured the education of 5,000 students enrolled in GCT schools. He expressed gratitude to the committed patrons, donors, and supporters of the GCT’s educational drive that had been massively benefiting a total of over 32,199 students enrolled in the schools of his non-profit. He said the services of GCT were always available to the concerned government authorities, NGOs, and other non-profits in the education sector, which strive to achieve the aim of enrolling out-of-school children in the country. He said that given the extraordinary support, the GCT received from the KIA’s industrialists in particular and the business community in general, his non-profit was well on track to achieve its Vision-2025 which stands for increasing its charitable schools in Sindh to over 250 having a total enrolment of 100,000 out-of-school children by end of 2025.

 

Deputy Mayor Karachi Signs Off 3-Day Pharma Asia 2024 in Karachi Collaboration is the Key for future of Pharma Industry: Deputy Mayor

Karachi (Muhammad Yasir) The three-day 21st Pharma Asia Exhibition, the premier pharmaceutical exhibition in the region, successfully concluded today at the Expo Centre in Karachi. The event, organized by E-Commerce Gateway, featured Deputy Mayor Karachi, Salman Abdullah Murad, as the chief guest, marking a significant milestone in the evolution of Pakistan’s pharmaceutical industry.

Running from August 20 – 22, Pharma Asia 2024 showcased the latest advancements and innovations, transforming the pharmaceutical landscape of the country. The event attracted over 200 companies and more than 750 booths, offering a platform for manufacturers, suppliers, traders, distributors, policymakers, and investors to converge and explore opportunities for collaboration and business development.

With participation from 15 countries, including a prominent pavilion from China, the exhibition was a bustling hub of activity and networking. The event provided unparalleled opportunities for international collaboration, making it a key highlight in the global pharmaceutical calendar.

Speaking on the success of the event, Deputy Mayor Karachi, Salman Abdullah Murad, expressed his appreciation for the enthusiastic participation of both local and international stakeholders. “Pharma Asia 2024 has demonstrated the tremendous potential of our pharmaceutical sector, and the collaboration witnessed here is a testament to the industry’s bright future in Pakistan,” he said.

Dr. Khursheed Nizam, President of E-Commerce Gateway, lauded the overwhelming response from participants. “We are thrilled to witness the enthusiastic participation and engagement from both local and international stakeholders. The 21st Pharma Asia Exhibition serves as a catalyst for driving innovation and collaboration in Pakistan’s pharma landscape,” he stated. He also extended his appreciation to the Pakistan Pharmaceutical Manufacturers’ Association (PPMA) for their unwavering support, acknowledging their critical role in championing industry standards and advocating for advancements.

The growth of Pakistan’s pharmaceutical industry has been further bolstered by the initiatives of the Special Investment Facilitation Council (SIFC), which has created a conducive environment for investment and expansion. The SIFC’s efforts have significantly contributed to the industry’s upward trajectory, attracting both local and international investments.