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In 2016, German Merck KGaA executed a binding contract to divest its shareholding in Pakistan to Martin Dow Ltd. [11] [12] [13] In 2016, in a €1.5 million deal, Martin Dow acquired the Laboratoires Salem (before 2010 Bristol-Myers Squibb ) pharmaceutical manufacturing facility in Meymac , France.
The pharmaceutical industry in Pakistan was estimated to be worth Rs. 748 billion (US$2.6 billion) in 2023, representing about 1% of the country's GDP. [ 1 ] The industry is largely import-dependent, with more than 90% of raw material being imported and only 12% of active pharmaceutical ingredients locally produced. [ 1 ]
Lahore: 1999 Luxury fashion P A Mari Energies: Energy Integrated oil & gas Islamabad: 1984 Oil and gas exploration & production P A Martin Dow: Health care Pharmaceuticals, Medical equipment Karachi: 1995 Multi-national pharmaceutical ingredients & respiratory devices manufacturer P A Masood Textile Mills: Basic materials Textile products ...
In 1965, Y. M. Khan became the first Pakistani chairman of ICI Pakistan at the age of 38. [3] During Khan's leadership, ICI Pakistan focused on industrial expansion, establishing a textile auxiliaries plant in Karachi, a pharmaceutical factory in Narayanganj in East Pakistan, and acquired the Fuller Paints factory in Lahore which was later renamed as Paintex.
Pakistan and its two largest city economies. Source: [1] As of 2019, Lahore had an estimated GDP of $84 billion. [2] [3] As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%).
Ferozsons (Pvt) Limited (also Ferozsons Publishers) (Urdu: فیروزسنز) is a Pakistani publishing company in Lahore, Pakistan. Established in 1894, it is Pakistan’s oldest publishing house. Established in 1894, it is Pakistan’s oldest publishing house.
Following the success of the Pakistan Movement and the subsequent partition of British India in 1947, Lahore was declared the capital of Pakistan's Punjab province. Located in central-eastern Punjab, along the River Ravi, it is the largest Punjabi-speaking city in the world. Lahore exerts a strong cultural and political influence over Pakistan ...
The company's first international move took it to Russia in 1992. There, Dr. Reddy's formed a joint venture with the country's biggest pharmaceuticals producer, Biomed.They pulled out in 1995 amid accusations of scandal, involving "a significant material loss due to the activities of Moscow's branch of Reddy's Labs with the help of Biomed's chief executive". [8]