Novartis, a Swiss multinational company with a multi-decade presence in Pakistan, has acquired a manufacturing facility to produce medicines in the country, said Adviser to Prime Minister on Commerce Abdul Razaq Dawood on Monday.
Taking to Twitter, the PM’s aide said, “Novartis has expansion plan that will bring investment of about $20 million.”
He said the investment signifies that the regulatory reforms and competitive local landscape is being recognized as an opportunity by investors, adding that this acquisition also shows the confidence of international companies to invest in the future of Pakistan’s pharma industry.
…and highlights the realization of increased ease in doing business in Pakistan. 3/3@ImranKhanPTI @pid_gov @aliya_hamza @RadioPakistan @PTVNewsOfficial @appcsocialmedia @tdap_official @Emergingpk @investinpak
— Abdul Razak Dawood (@razak_dawood) October 19, 2020
Good effort by Abdul Razzak Dawood. Explore more avenues.
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initially i had doubt, Now one thing is confirmed about govt 🙂
NOVARTIS Swiss MNC acquire the plant if another MNC Bayer
If Novartis expands its business in PAK the Bayer withdraw its investment. So no new horizon will open, they just try to make us fool
Naughty, i know you 🙂
Prices increased poor Pakistan IES looted by Jews owned companies