Pakistan – the land of numerous unexplored opportunities has recently earned a good name in the international market for being a vibrant and progressive developing country in the world. The Government of Pakistan has adopted a liberal investment policy to attract maximum foreign investment, where foreign investors can hold up to 100% equity in several economic sectors. As a result, the foreign direct investment in the Country has increased substantially over the past few years, thus differentiating Pakistan from many other countries of the region. Also, the vital indicators of Pakistan’s economy have shown extra-ordinary improvement such as enhanced GDP and GNP, increased foreign exchange reserves, skyrocketing stock market performance, stable Pakistani currency and improved balance of payments. Per capita income has crossed US$ 925 in 2011.
Pakistan’s economy is gaining more strength with each passing year, underpinned by a buoyant private sector. The world is witnessing the real GDP of Pakistan maintaining a steady growth at one of the fastest rates in the history of the Country and among the highest in the economies of the world. The international trade is increasing owing to revolutionary changes in tariff structures, better international relations and growing domestic demands, both at the industrial as well as consumer levels. The foreign exchange reserves are maintained at a respectable level. Major investments are underway in Engineering & Automobile manufacturing sector, ports and communication infrastructure, telecommunication, information technologies, developing newer sources of energy and power generation etc, to meet the increasing demands. Healthy manpower is mandatory, being the basic requirement for all these sectors; Health Asia ventures to impart strength to this sector.
The current pace of development in Pakistan is no miracle but is the result of a dedicated and continuous effort by the Government of Pakistan through implementing policies for deregulation, liberalization and privatization.
Health Sector of Pakistan
The Pharmaceutical industry has achieved the ever-increasing export performance figures of medicines to over 30 different countries in Africa, Middle East, Far East, Europe, CIS States, Russian Federation, etc, Presently, there are about 387 pharmaceutical manufacturing companies with a break-up of 357 national or Pakistani owned and licensed manufacturing units and 30 licensed international subsidiaries of well known world-wide based pharmaceutical corporations, which are meeting around 80% of the country’s requirement. Total capital investment in this sector is approximately Rs 21.12 billion.
In recent years, the Government of Pakistan has substantially simplified the regulatory environment for the setting up of a business operation. The Patent Ordinance 2002 has been made TRIPS compliant to include granting of patents to pharmaceutical products, which will encourage new investments in the sector.
There are about 906 hospitals, 4554 Dispensaries, 5290 Basic Health Units and 552 Rural Health Centers. The availability of hospital beds in all medical facilities has been estimated at 98,684, which comes to a population bed ratio of 1,536 persons per bed. The figures available about the medical facilities clearly indicate the need for a further expansion in health facilities.
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The Venue Karachi Expo Centre
Karachi is the largest city of Pakistan and is the Business Hub of the country. It is the financial capital of Pakistan with a population of over 14 million. It handles 95% of the foreign trade of Pakistan, generating over 75% of the Country’s revenue and nearly 33% of the Country’s GDP. With it’s over 10,000 industrial units in five major industrial estates, it is the largest industrial hub of the country. Karachi offers the right mix of infrastructure, technology and skilled manpower to provide international and local companies the support they need for doing their business.