ISSN: 1998 - 4162

JISR MSSE Journal Contents

Volume 10, Number 2, July 2012

Indo-Pak Trade: Apprehensions and Opportunities for Pharmaceutical Industry of Pakistan
Wali Muhammad Pirzada - SZABIST, Karachi, Pakistan
Dr. Riaz Ahmed Shaikh - SZABIST, Karachi, Pakistan

The long-standing bilateral conflicts between Pakistan and India and resultant massive defense spending have marred economic growth in Pakistan. But for last few years, there has been a great stress on building stronger economic ties between Pakistan and India. The proposed normalization of trade between two countries has stimulated heated debate in Pakistan. The policy of normalization of relations and liberalization of trade with India got a mixed response from different quarters in Pakistan. It is welcomed by some political parties and industrial sector as a good opportunity whereas some have expressed their apprehensions and concerns. Pakistan’s pharmaceutical sector is in defiance of trade liberalization with India as the industry feels “serious threats” for Pakistan’s local market. However, Pakistan Medical Association (PMA) views normalization of trade as a “grand opportunity” for Pakistan that will benefit consumer, control price hike, raise standards of medicine...


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DISCLAIMER: All views expressed in the journal are those of the authors and not necessarily reflect the policies or preferences of JISR-MSSE or SZABIST.