4 days ago
- Business
- Business Recorder
TDAP and PPMA discuss formation of PHARMEX
KARACHI: A high-level meeting between the Trade Development Authority of Pakistan (TDAP) and the Pakistan Pharmaceutical Manufacturers Association (PPMA) was held at TDAP Headquarters, Karachi Tuesday. The meeting, chaired by Chief Executive TDAP Faiz Ahmad Chadhar, focused on the way forward for the establishment of PHARMEX – a proposed Pharmaceutical Export Promotion Company dedicated to accelerating and facilitating the growth of Pakistan's pharmaceutical exports.
Senior officials from TDAP and leading office bearers of PPMA, including Chairman Tauqeer ul Haq and Chairperson (South) Dr Mahwash Khan, attended the session. The participants deliberated on the potential of the pharmaceutical sector to expand into international markets and the urgent need for a specialized export promotion platform like PHARMEX.
The Chairman PPMA informed the meeting that the proposal for PHARMEX had already been shared with the Ministry of Commerce and the Special Investment Facilitation Council (SIFC). A final draft working paper, including the proposed Memorandum and Articles of Association, was submitted on 2nd May 2025. Following discussions chaired by the Minister for Commerce on 4th June 2025, it was decided that PHARMEX will be placed under TDAP for execution and oversight.
Copyright Business Recorder, 2025
