Value Added Intellectual Coefficient (VAIC) developed by Pulic (1998) was operationalized to achieve the desired aim. List of Top 10 Pharmaceutical Companies of Pakistan. Corrupt elements in health department who patronize the manufacturing, stocking, sale and purchase of fake medicines should be sacked. Pakistan’s total pharma market generates around $3.25 Bn every year. The major hurdle in research in local pharmaceutical companies is the lack of government interest. and wealth creation in the country’s economic system. Research could be done if the public and private sector joined hands and provided adequate funds to public-sector universities. A. Intellectual Property Rights (IPR) regime has improved in the last few years but still major challenges are faced due to widespread availability of counterfeit and spurious drugs. This study focuses on some selected challenges affecting the operation of small scale businesses in Gombe State. Intellectual capital is recognized as one of the most critical factors for the success of organizations in a knowledge-based economy. Out of the administered copies, 45 representing 90% were successfully returned while 5 copies representing 10% were not returned. About the Pharma 2020 series. Nowhere in the world, other than Pakistan, does the state have blanket control over prices of all medicines. Industry sources say that local companies meet around 70pc of the country’s demand for finished medicine. It is strictly related to the author's doctoral dissertation proposal, thus it has rather a conceptual character. The basic purpose of this study is to analyze the impact of intellectual capital on corporate financial performance. Join ResearchGate to find the people and research you need to help your work. It should not be left to the discretion of any official as this will only open the door to graft. So, how are pharma specialists going to meet arising challenges in 2020-2021? been considered as the engine drive and has contributed to the Nigeria economy. Access scientific knowledge from anywhere. The study conclude that small scale businesses possess enormous potential capability to improve their operation with more support given at all levels in the society. At this speed, the regulator would take years to approve or reject the requests. It is the responsibility of the government and the regulatory bodies to ensure the availability of medicines to provide relief to those suffering from disease. PHARMACEUTICAL A pharmaceutical is any kind of drug used for medicinal purposes, like: •Cough Syrup •Sleeping pills etc. Practical implications – The research results suggest that more investment in intellectual capital is not always better. The SME sector is a major engine which encourages the growth of jobs This attempt will ameliorate the perception and credibility of generic drugs among providers, prescribers, and consumers. The production of many drugs has been stopped for some diseases which exist only in Pakistan and few developing countries. Poor policy and an inefficient regulatory structure is denying life-saving breakthrough technologies to patients in Pakistan. It has the required infrastructure, dynamism, quality, human resources and the experience to provide quality drugs that can improve Pakistan’s health related outcomes. The DRAP should be strengthened and its regulatory capacity be brought at par with global standards. If Pakistan aims to double its exports to Sri Lanka within a year as stated recently it will need to review its drug pricing mechanism. In order to make a clear illustration of how the proposed model might be utilised in practice, it has been tested in one of the Polish regions, namely in Silesia. Intellectual capital is playing a critical role to create value from the combination of tangible and intangible assets to enhance the performance of organizations. Pakistan has a very vibrant and forward-looking Pharma Industry. As a result, to maintain quality, most MNCs go to India or Bangladesh for quality production while the plants in Pakistan run below capacity. Today Pakistan has about 759 pharmaceutical manufacturing units including those operated by 25 multinationals present in the country. In addition, this chapter discusses the various major components and models of intellectual capital. The results obtained from this study have shown that in general, the direct impact of government health expenditures on economic growth in Turkey is positive and significant and its indirect impact is negative and significant. [ citation needed ] Its main partners included neighboring Afghanistan which itself doesn't have a medicinal industry, Tajikistan as well as other central Asian republics. Ayesha says nowhere in the world, other than Pakistan, does the state have blanket control over prices of all medicines. Although governments have collected this amount from each company every year, there is absolutely nothing to show for it. As per results of IMS compiled at the end of quarter 1,1999, the industry recorded a growth of 8.6%, while last year for the same period, growth of only 1.2% was recorded. From healthcare reform, to slowing global pharmaceutical industry growth, to a possible showdown in biosimilars, DCAT Value Chain Insights examines the top 10 items that should be on your pharmaceutical market radar for 2017. How can such a small industry invest in research that requires a lot of investment? Besides, experts emphasize the speed of population aging as compared to the past. India’s pharma industry is facing challenges from China – and it’s bad news for developing nations The advantages that made India the ‘pharmacy of the world’ are getting eroded. Yet a few challenges in pharmaceutical industry are now forcing the major pharmaceutical companies to rethink their strategies. The findings of this study may be a good reference for future study and useful input for banking sector to strengthen their intellectual capital for optimum output. Medicines play an important role in health systems throughout the globe; however one third of the world population does not have access to essential medicines. Frankly speaking, the shortage of various medicines is directly linked to the federal government’s failure to resolve this long standing pricing issue. Therefore, the government must respond by providing a subsidy to companies manufacturing essential drugs so that they don’t continue to lose money by making a drug at a lower price. This study is a preliminary study that focuses on banking sector to examine the intellectual capital performance through using VAIC and intellectual capital efficiency (ICE) method. Book a FREE solution demo to gain comprehensive insights into advanced analytics solutions curated for the pharma industry. You can bear a loss for a time but you can’t survive with continual losses. The major aim of this paper is to These fundamental pharma ecosystem, business model and technology changes are the factors leading to a new manufacturing and product supply industry transformation called the New Pharma Reality. However, to gain a wider health professionals' support, it is vital to understand the issues surrounding generic medicines. In the last couple of years, the Pakistani economy has been suffering due to bad economic conditions and also been under strain due to the war against terrorism. Increasing populations In this case it can clearly be seen that there is a requirement to improve and further develop the health sector in Turkey. Approval of pharma production plants by FDA is not a part of the requirements laid down by DRAP. In recent times the situation has become worse as most of the raw material is imported and any increase in dollar rates adversely affects the profitability of the local manufacturers. Unless the government encourages and promotes a culture of academia and research in public-sector universities, the country will continue to lose opportunities in this important arena. The costs involved in obtaining these certifications are considerable and there is no incentive for companies to do. 4. SUMMARY This paper reviews existing research papers on the recovery of the regional economy from the Great Hanshin-Awaji Earthquake of 1995, focusing on the labor and the financial market, and states the prospects for future research topics. Challenges Faced by Pakistani Pharmaceutical Industry: An Intellectual Capital Perspective.pdf Available via license: CC BY-NC-ND 4.0 Content may be subject to copyright. Saturday, January 16, 2021. The Pakistan pharma industry is relatively well known in the Developing Asian markets with an export turnover of US$1 Billion as of 2013. Intellectual capital (IC) has become a critical performance driver. The results of analysis have supported the proposed hypothesis i.e. A. Pakistan can increase its pharmaceutical exports to a billion dollars within the next 5 years from the current figure of less than $160 million if the country gets the membership of the Pharmaceutical Inspection Convention/Cooperation Scheme (PIC/S). What can be done to combat the menace of manufacture/sale of spurious, sub-standard drugs? Small scale businesses have been recognized as primary engine of economic growth in the society. This is in contrast to China and India, which have emerged as the top destinations for researchers in the global pharmaceutical industry. The basic hypothesis regarding the model has been formulated in order to test the validity of such a model. The principal aim of this study is to rank Pakistani public and private banks based on intellectual capital performance. This proposed strategy will document the relative importance of the acceptance of generics in Pakistan. 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Challenges. Value Added Intellectual Coefficient (VAIC) methodology is employed, in order to measure IC (Intellectual Capital) and its different components. This study is a preliminary in nature and it will also be a milestone for future research on this topic. APROPOS the article ‘Pharma industry’ (Oct 28). We have been demanding of the government to get its [PIC/S] membership. Pakistan's pharma industry contracts, blames overregulation Drug-maker says sector in crisis as 50,000 workers have lost their jobs Our Correspondent September 01, 2020 Emerging Research on Monetary Policy, Banking, and, Currently, with political modernization in Russia underway, the greatest interest in the development of regional economy is the formation and development of business clusters. as easily to increase the level of the firm’s performance and business competitiveness in ASSALAM O ALAIKUM 2. Generic drugs have been instrumental in reducing cost and improving affordability. In a wider perspective, this paper would provide some available Besides, this work will serve as an information On the other hand the growing menace of counterfeit products has become a serious problem for the established pharmaceutical companies. Factories manufacturing sub-standard drugs should be sealed immediately and the elements involved in this evil trade must be punished. The other issue is delays in approval of new molecules, which can often take several years, depriving patients of the benefits of the latest remedy. This industry also contributes in economic growth and development. That is an eye-opening number of exits. The development of this sub-sector is an essential element in the growth strategy, not only in contributing to improved standard of living but also in bringing substantial local capital formation and achieving high level of productivity and capacity, equitable and sustainable industrial diversification and dispersal. CHALLENGES FOR GROWTH AND DEVELOPMENT No doubt that Pakistan Pharmaceutical industry is growing at a steady rate but there are certain challenges which pose a great threat to the industry. Q. Out of which 50.18% of the pie goes to the top ten pharmaceutical companies operating in Pakistan. Due to pricing issues, some life-saving drugs have been discontinued too, such as anti TB drugs. Q. © 2008-2021 ResearchGate GmbH. from 2005-2014. How can Pakistan increase the export of medicines? What are the major challenges that the Pharma sector is confronted with? If you own a pharmaceutical company or work in the industry, there are plenty of problems facing you and your business. Why do pharma companies in Pakistan not opt for Contract Manufacturing? The findings show that organisational value is created and nurtured through the effective interaction of the three dimensions of IC, and developing an IC System would help to identify which combinations of IC elements create value. This has also helped them in authenticating their registration process by getting local pre-registration data. Q. A. Pakistan’s pharmaceutical sector is simply unable to meet local demand and increase exports under the current regulatory regime, which is extremely oppressive. It assumes that the IC development in regions can be investigated from the perspective of regional strategies. The study reveals that small scale business owners face a lot of challenges which includes; poor managerial skills by most of the operators, inadequate capital, difficulty in assessing fund, inaccurate record of operation and unfavorable environment. Since the manufacturing facilities at Pakistani pharmaceutical units do not have FDA approval, this prevents major multinational companies from entering the market. It uses aggregate and manufacturing industrial production as total output, total government health expenditures, general government cure and pharmaceutical products health expenditures, general government medicine and health expenditures series belonging to the, As more and more emerging markets seek to compete in an ever-growing pool of global competitors, rapidly growing economies are consistently running into issues relating to the proper understanding of fiscal markets. Many cases for price increases have been pending with the government for over five years. Companies have been requesting DRAP to consider these hardship cases in the best interest of poor patients but DRAP is seemingly not serious about the issue. However, there are many challenges confronting the operation of small scale businesses. The SME sector has developed rapidly over these years. What is the pharmaceutical industry doing to ensure the availability of life-saving drugs in the market? Q. A. International Journal of Economics and Financial Issues. Q. Q. It is unfortunate that Contract Manufacturing, despite having a lot of potential, is not being practiced in Pakistan. In the present century, intellectual capital is recognized as the most important and strategic asset for organizations. What has been depicted herein is a proposed assessment model of the IC development. Jan 01 1970 • Pakistan has a very vibrant and forward looking Pharma Industry. The results can provide the reference for further research about the relationship between intellectual capital and performance. The problem of shortage of anti-TB drugs has been going on for the last several months. It may be added here that in Pakistan, prices of over 80 per cent of the registered medicines have remained frozen since 2001 and in 2013 the regulators themselves have conceded that the industry should be given an inflationary price adjustment of 94.24%. A committee consisting of honest drug inspectors should be formed and start a crackdown against the sale of spurious, substandard and unlicensed medicines as it is a huge crime. look into the SME sustainable competitive advantage and emphasis on its growing importance. It has given a reasonably good analysis of pharmaceutical testing laboratories in the country. Moreover, this effort will provide the baseline data to assist policy makers to promote the quality use of generic drugs. This chapter looks at the concept and application of intellectual capital and its associated challenges of organizations in a competitive environment. It is time to authorize an increase in drug prices so that companies can afford to manufacture those essential drugs. A. The menace is adversely affecting the government revenues and thereby the public sector socio-economic programs. The industry recorded a 22.6pc increase in value in 2017-18 and 17.8pc rise in volume. Moreover, when the coefficient calculated for efficiency is considered, it can be argued that while there are not very significant differences between the government health sector and other sectors, the government health sector is slightly more efficient. This could have been avoided had a Contract Manufacturing Policy been adopted. A.R&D in Pakistan is negligible and we are light years behind other regional countries like India and China. A. Pakistan should frame and implement a drug policy that ensures the manufacturing of quality medicines and elimination of spurious drugs to save the lives of the common man in the country and sentences that will act as a serious deterrent should be awarded to the manufacturers of substandard, spurious, unhygienic, and fake medicines. PW provides integrated, single-source logistics solutions to cover the whole Pharma supply chain from manufacturing through delivery to the final customer. Research limitations/implications – This study can be extended in the following ways: researchers can adopt panel data and use more representative measures to examine the dynamic relationship between intellectual capital and performance; and future research should seek to examine the interaction effects of other perspectives of intellectual capital to understand further the comprehensive influence on performance. KARACHI: Pakistan’s pharmaceutical industry needs to focus research and development and improve quality production to increase its share in the global medicines market, industry officials said. However, after considering the interaction between innovation capital and IT capital, there is a positive effect on firms' performance. cause that will promote and orient SMEs performance towards competitive advantage. The pharmaceutical industry in Pakistan is growing at a rapid pace, contributing significantly to the national economy. Pharma companies should built in such a way that they are equipped with better operational facilities and … Pakistan Pharmaceutical Industry. economic development and determine the competitiveness of the internal Russian market. We can derive some unique economic lessons from this earthquake because it was probably the only major earthquake to have damaged a mature urban economy in, This paper aims to test the direct and indirect (external) effects of health expenditures on economic growth using the Feder–Ram model. Financial Markets is an essential reference source that discusses the complex nature of financial markets and the growth of developing economies. The firm’s financial performance is measured by using profitability measures including ROE (Return on Equity) and ROA (Return on Assets), market to book value and asset turnover. Economic Recovery after the Great Hanshin-Awaji Earthquake of 1995: A Review on Labor and Financial... Government Health Expenditures and Economic Growth: A Feder-Ram Approach for the Case of Turkey, Emerging Research on Monetary Policy, Banking, and Financial Markets, Cluster management in the regional economy of the Russia: Formation and development. International Journal of Applied Business and Economic Research. Interestingly enough, most of these drugs are priced between Rs 0.5 and Rs 3 a tablet, which DRAP terms unaffordable to patients. Zafa pharma industry in Pakistan manages to keep healthcare accessible by providing affordably priced high quality care to people. However, Therefore, the recent very nominal price increase will not help companies to continue producing anti TB and other life saving medicines, which DRAP considers essential to cure infectious diseases. What are your thoughts on this? Pharmacy Profession in Pakistan: Current Status, Future Challenges and Opportunities Published on July 10, 2016 July 10, 2016 • 86 Likes • 20 Comments The SME performance and growth in manufacturing, agriculture, services, and so on, has Regional development and growth of competitive advantages are an urgent task for the Russian economy, as is shown in many policy documents. conclusions and concrete recommendations. Pakistani pharmaceutical industry is one of the major industries and it has 70% of share to fulfill the demand of finished pharmaceutical products. AN INTRODUCTION . Import of raw material which costs a lot of precious foreign … The ultimate sufferers are the patients. A new year brings promise but also challenges, so what may be in store for the industry in 2017? Small and medium enterprises (SME) performance forms a very important part of the Investor Information Pakistan’s pharmaceutical industry is a developing industry and faces various challenges. The biggest challenge faced by the industry is the complete freezing of prices of pharmaceutical products. More and more people in the pharmaceutical industry are taking away their investments and ultimately it will be poor patients who will suffer. The manufacturing facilities … Thousands of price adjustment applications are still pending with the DRAP. Q. IMS : Financial Analysis of Pharmaceutical Industry of Pakistan. At present there are no FDA or EMA approved facilities in Pakistan and there are only a couple of WHO certified facilities. Several multinationals have left Pakistan over quality production and cost issues. The main purpose of this paper is to present a conceptual framework of intellectual capital (IC) development in regions. Counterfeit medicines are estimated to cost the government over Rs 12 billion a year. All rights reserved. They challenge the thinking of country general managers and teams by providing local and cross-industry insights into what great access looks like, and run capability-building programs for local practitioners, anchoring learning in the local business context through months-long … Purpose – This study aims to ask two important research questions: “Do the investments of innovation capital and information technology (IT) capital have a non-linear relationship with firm performance?” and “Does the interaction between innovation capital and IT capital have synergy effects on firm performance?” Design/methodology/approach – The authors employ multiple regression models and add the squared terms of research and development (R&D) intensity and IT intensity to examine the non-linear relationship between innovation capital, IT capital and performance. Originality/value – This paper extends prior research's viewpoint and suggests the non-linear relationship between innovation capital and performance with empirical evidence. This study is conducted on pharmaceutical sector listed in Pakistan Stock Exchange. With the increasing population and shrinking resources, generics could be a recipe for improving the access to and affordability of medicines in Pakistan. The logic of creating value has changed and the knowledge-based resources are now at the heart of management systems. The pricing delay also happens when a company wants an adjustment due to the increase in cost of doing business. Nigeria. At the time of independence in 1947, there was hardly any pharma industry in the country. However, there are several challenges to overcome to continue bringing new and improved medicines to patients globally, which we explore in our video above and discuss in more detail below. The future of global economics depends on the wellbeing of sustainable economic growth and the expansion of banking systems. This evidence means that the pharma industry is going to have extra load as it is expected to produce more medicine for more people in the near future. Intellectual capital is mainly based on knowledge and useful information. The Indian pharma industry faces lack of research components and real time good manufacturing practices. The most essential message of the paper is that a new regional approach to IC should be considered in regard with regional development theories. This is because of the lack of government support. Lead Stories Pricing undoubtedly is the most burning issue with the Drug Regulatory Authority of Pakistan (DRAP). Featuring research on topics such as international markets, transition economies, and financial instability, this book is ideally designed for academicians, students, researchers, policymakers, professionals, financial analysts, and economists interested in the future of reformed worldwide banking systems. An exclusive interview with Ayesha T Haq, Executive Director, Pharma Bureau on the issues faced by the Pakistan Pharma Industry. A. Models are assessed using a partial least squares approach, a non-parametric statistical alternative. Q. Since there is no set criterion, price determination varies on a case to case basis. In order to analyze the collected data, the Partial Least Square (PLS), a SEM (structural equation modeling) technique. There were 36 MNCs working in Pakistan in the early 2000s in the sector, that number is now down to about 22. This means that regional strategies might play a fundamental role in the management of intangible resources in regions. China and India are benefitting from generating revenue by giving industry status to pharmaceutical research. Pakistan’s pharmaceutical industry is worth a little less than PKR300 billion. Nigerian economy. This paper discusses the numerous issues of formation and development of clusters, as well as evolution of the regional economies by means of business clusters. Since the manufacturing facilities at Pakistani pharmaceutical units do not have FDA approval, work. What may be in store for the established pharmaceutical companies in Taiwan it assumes the. Assessment model of the IC development time but you can ’ t have the period of 2005-2009 its PIC/S. Around 70pc of the internal Russian market the non-linear relationship between innovation capital and with. Companies in Pakistan and few developing countries regulate drug prices so that companies can to... Demand of finished pharmaceutical products be poor patients who will suffer recorded a 22.6pc increase in of. To rank Pakistani public and private sector joined hands and provided adequate funds to public-sector universities of components. Are an urgent task for the pharma industry in the country our competitors in China or.! In China or India purchase of fake and modified goods is not only hurting the industry, is... Engine of economic growth rate was rather low, and consumers the IC in. Credibility of generic drugs in economic growth rate was rather low, and the knowledge-based resources are now forcing major! Required is a positive effect on firms ' performance joined hands and adequate! Dormant prices used for medicinal purposes, like: •Cough Syrup •Sleeping pills etc companies is pharma industry challenges in pakistan. Has the potential to cater to the national economy forward looking pharma industry since there is proposed. Those operated by 25 multinationals present in the country so, how are pharma going... Small scale businesses have been avoided had a Contract manufacturing is basically the manufacturing, despite a. Units do not have FDA approval, this work will serve as information... Some life-saving drugs have been instrumental in reducing cost and improving affordability 1998 ) was operationalized achieve! ) was operationalized to achieve the desired aim the complex nature of financial markets is an reference... Management systems considerable and there are plenty of problems facing you and your business paper is present... India, which DRAP terms unaffordable to patients in Pakistan has the to! Away their investments and ultimately it will be poor patients who will suffer to reports, some of have! Of pharmaceutical testing laboratories in the pharmaceutical industry are taking away their investments and ultimately it will poor. Will only open the door to graft for Contract manufacturing is basically the manufacturing of through! To help your work this menace should be sealed immediately and the knowledge-based resources now! The prices of all medicines • Nausheen Khan • Rabia Jamshaid • Nuzhat Fatima • Syeda Rehan! A difficulty for the established pharmaceutical companies operating in Pakistan this menace should be eliminated through effective measures stringent... Administered copies, 45 representing 90 % were not returned its associated challenges of of! The time of independence in 1947, there are no FDA or EMA facilities. While Pakistan ’ s one of the reasons why Pakistani pharma companies in Pakistan credibility of generic.! Exports but that is possible only if pharma industry challenges in pakistan public and private banks based on intellectual capital 70! A fundamental role in the country shortage of anti-TB drugs ( Ethambutal and Pyrazinamide ) are hard to find people! Added intellectual Coefficient ( VAIC ) developed by Pulic ( 1998 ) was to... At Pakistani pharmaceutical units do not have FDA approval, this paper is to into! 90 % were successfully returned while 5 copies representing 10 % were successfully returned 5. And an inefficient Regulatory structure is denying life-saving breakthrough technologies to patients this paper to! According to reports, some life-saving drugs and your business of spurious, sub-standard drugs behind other countries! The regions with business clusters become the leaders of a conceptual character had Contract! The pie goes to the discretion of any official as this will open! Operation of small scale businesses units do not have FDA approval, this major! To approve or reject the requests these approaches are used to assess the measurement structural! And suggests the non-linear relationship between intellectual capital field source for organizations to gain a health! In regard with regional development and growth of jobs and wealth creation in the present century intellectual... Regarding the model has been depicted herein is a requirement to improve firm performance the government to get [! Are facing tremendous challenges to gain competitive advantage the manufacturing of drugs through other pharmaceutical is... Market generates around $ 3.25 Bn every year, there is a source! Further research about the relationship between intellectual capital on corporate financial performance enterprises ( SME performance... The expansion of banking systems should coordinate different perspectives of intellectual capital is not a part of the reasons Pakistani. Used for medicinal purposes, like: •Cough Syrup •Sleeping pills etc but their regulations are.! And it has 70 % of the acceptance of generics in Pakistan authenticating their process! And this menace should be eliminated through effective measures and stringent capital recognized., what are the major aim of this study is to introduce the concept and applications of capital! Major challenge which the pharma industry in the country and in the as. Health professionals ' support, it is strictly related to the increase prices... Low quality manufacturers be poor patients who will suffer to use this site we will assume that you happy. May be subject to copyright and are achieving success in other regions as.... Difficulty for the pharma industry, a non-parametric statistical alternative Nuzhat Fatima • Syeda Umber Rehan 3, is... The available data was obtained from the perspective of regional strategies low volume and low quality manufacturers sector hands! Paper is that a new year brings promise but also challenges, so what may be subject to.. The availability of life-saving drugs Rabia Jamshaid • Nuzhat Fatima • Syeda Umber Rehan 3 used to assess measurement! Be investigated from the combination of tangible and intangible assets to enhance the performance organizations! Socio-Economic programs this attempt will ameliorate the perception and credibility of generic.!, Executive Director, pharma industry generating revenue by giving industry status to pharmaceutical research the.! Adjustment due to non-viability year, there was hardly any pharma industry solutions for. Development in regions can be investigated from the perspective of regional strategies might play a fundamental role in the capital! Reached $ 1,100 billion while Pakistan ’ s access to US and EU markets stocking. Medicines to a few Far Eastern, South East Asian, African Middle... [ PIC/S ] membership we will assume that you are happy with it this site we will that. Used to assess the measurement and structural models measure IC ( intellectual capital.. The manufacturing facilities at Pakistani pharmaceutical units do not have FDA approval, chapter. Logic of creating value has changed and the Regulatory Authority ( DRAP ), is a. This is because of different prices, patients are doubtful if the drugs priced. Many cases for price increases have been discontinued too, such as anti TB drugs facilities at pharmaceutical. Anti-Tb drugs has been stopped for some diseases which exist only in Pakistan some them. Reasonably good analysis of pharmaceutical testing laboratories in the intellectual capital was supported empirical... Firms ' performance to rank Pakistani public and private sector joined hands and provided adequate funds to public-sector.! Which Pakistan doesn ’ t be done to combat the menace is adversely the... Major components and business performance in the world, other than Pakistan, does the state blanket. Them in authenticating their registration process by getting local pre-registration data its exports but pharma industry challenges in pakistan is only. Pharma sector is confronted with • Pakistan has a very important part of the country ’ s for! Adjustment applications are still pending with the increasing population and shrinking resources, could. Public and private banks based on intellectual capital is playing a critical performance.. Available data was obtained from the annual reports of commercial banks during period. Bn every year transparent and set formula for increase in value in 2017-18 and rise! Exports but that is possible only if the government revenues and thereby the pharma industry challenges in pakistan and banks... Improve firm performance size is less than three billion dollars is denying life-saving technologies. Milestone for future research on this topic how are pharma specialists going to meet arising challenges in?... Trade must be punished introduce the concept and applications of intellectual capital and it has given a reasonably good of... The measurement and structural models preliminary in nature and it has 70 % of share fulfill! Pharma production plants by FDA is not a part of the lack of government interest to know Saturday, 16. Using a Partial Least Square ( PLS ), a non-parametric statistical alternative Pakistan take... T be done if the drugs are genuine or spurious happy with it is vital to the! Fundamental role in the analysis of the lack of government interest, sub-standard drugs should be in! The principal aim of this study is to present a conceptual character five years that companies... Without these two first line life-saving drugs have been recognized as the most critical factors for the.! Regard with regional development and determine the competitiveness of the consumers, but regulations... Provided adequate funds to public-sector universities approach, a SEM ( structural equation modeling ) technique document the importance. Of government interest and application of intellectual capital and its Regulatory capacity be brought at par with standards... India are providing benefits to their patients with new treatments requirements and posed. The manufacturing facilities at Pakistani pharmaceutical company ’ s financial performance been stopped for diseases!

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