Pharmaceutical products export increases 24.92pc in 7 months

Pharmaceutical products export increases 24.92pc in 7 months

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Islamabad: During the seven months of the current fiscal year (2020-21), the country’s pharmaceutical exports increased by 24.92% compared to the same period last year.

The country exported pharmaceutical worth US $161.443 million during July-January (2020-21) as against the export of US $129.242 million during July-January (2019-20), showing growth of 24.92 percent, according to the Pakistan Bureau of Statistics (PBS).

In terms of quantity, the exports of pharmaceutical products also increased by 26.73 percent by going up from 8,903 metric tons to 11,283 metric tons, according to the data.

Meanwhile, year- on- year basis the pharmaceutical goods export increased by 32.60 percent during the month of January 2021 as compared to the same month of last year.

According to PBS data, the export value of pharmaceuticals in January 2021 was USD 22.547 million, while the export value in January 2020 was USD 17.004 million.

However, compared with the US$24.845 million in December 2020, drug exports in January 2021 decreased by 9.25% from the previous month.

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