Pakistan has set an overall merchandise export target of $32.9 billion for FY27. However, it risks repeating last year's missed targets if the government fails to promote export-led industries. Highlighting this need, a recent report by SMEDA identifies five high-potential, export-oriented sectors: Pharmaceuticals, Information Technology, Food Processing, Surgical Instruments, and Leather.

Pharmaceutical is one of the non-conventional sectors that has started to play a vital role in Pakistan's economy by ensuring healthcare security, supporting industrial development, creating employment opportunities, and contributing to exports.

With rising global demand for quality medicines, vaccines, and biotechnology products, the industry possesses significant potential to become a major contributor to Pakistan's economic growth. Stronger collaboration with Chinese pharmaceutical companies can help Pakistan enhance its technological capabilities, expand exports, and strengthen healthcare security.

Despite its growing importance, the industry........

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