Pharma Industry shutting down in Pakistan? Getz Pharma C.E.O Khalid Mahmood| Digitales Epi 95

[@counsellarsection989]

Fabulous. Thankyou Digitales.🎉

[@MrArunbharatram]

I would like to correct the guest regarding the first pharma company in the sub continent. The first company was not established in Pakistan but in 1901 in Kolkata called the Bengal Pharmaceutical company. Many others came up before partition. I do hope the Pakistani pharmaceutical industry revives in the coming period. Arun Bharat Ram

[@nishithtiwari9596]

And Bengal Pharmaceutical is still running

[@unmeshduttachowdhury]

And acharya prafulla chandra roy was the founding director, who was an accomplised chemist himself

[@karamjsrihal4631]

I knew this guy was lying or just ignorant

[@bharatisamurai4614]

They don't care about such details. You will find similar examples in different fields where Indians go through history and point out the facts.

[@IndiaBusinessInsights]

I could count a few dozen pharma companies, set up by Indians, which were in existence in 1951. Besides this, there were several British owned pharma companies, with manufacturing units or companies started by British, but were owned by Indians at or soon after independence. Baroda also had an early pharma company. Even Ambalal Sarabhai Enterprises may have set up its first pharma unit around the time of independence or soon thereafter.

[@chandramoulir4568]

21:43 just want to put the facts straight; Several major pharmaceutical companies in India were founded between 1901 and 2001, each contributing significantly to the country's pharmaceutical landscape. Bengal Chemicals & Pharmaceuticals, established in 1901, holds the distinction of being one of the earliest pharmaceutical companies in the Indian subcontinent. Other notable companies include Alembic Pharmaceuticals (1907), Glaxo India (1924), Cipla (1935), Lupin (1968), Sun Pharmaceutical Industries (1983), Dr. Reddy's Laboratories (1984), Torrent Pharmaceuticals (1959), Cadila Healthcare (1952), and Wockhardt (1960). These companies have played pivotal roles in drug development, manufacturing, and research, making India a global hub for pharmaceutical innovation and production.

[@chandra_himanshu]

For his kind information Mr. Khalid Mahmood must know that first Pharmaceutical company and its unit in India started in Calcutta (kolkata ) in 1901 itself.😂😂😂 In 1935 CIPLA plant in Bombay/ Mumbai was established as Chemical, Industrial and pharmaceutical Laboratories. Alembic Pharmaceuticals was founded in founded in 1907 with manufacturing unit in Vadodara, Gujarat... etc.

[@BT-111]

Unko Itihas ki Tod marod karne ke alava kuch aata nahi. They are living in day dream. Jajba😂😂

[@rakadus]

Let them live in their imagined glory.

[@parveendewan1896]

Most of the Pakistanis are liar and propagate themselves as the world economy was run by pakis

[@RazorSharp-n3f]

I think what he means is that there were no MNC Pharma companies like Pfizer or Eli Lilly in India in the 1940s. Cipla and Alembic are Indian-owned. Of course, India has an indigenous Pharma industry going back thousands of years.

[@BT-111]

@@RazorSharp-n3f so that means he is dumb.

[@thedoctor649]

Indian pharmaceutical industry is valued at almost 50 billion and it's growing fastest in the world.

[@vedants.vispute77]

@@vipinkumar8142 Uske comment mai kaha koi comparison likha hai?

[@FIFA-ox2wk]

1.5 billion population...hy Toilets bi buna looo Lolz

[@vedants.vispute77]

@@FIFA-ox2wk ye bat 7-8 saal pehele relevant hoti aj toilet coverage 99%+ hai.. pakistan/bangladesh lekin abhi wahi ke wahi hai.. south korea, china, india ye desh aise hi the.. par ab nahi hai..

[@afaqh2356]

As he says, 80% cost is API. That means minimal savings will be achieved, even if they get cheap power & water.

[@Rizkhan941]

This man destroyed the ethical culture of marketing in Pakistan by bribing doctors

[@icelandic_mughal2223]

No amount of bribe will make a medicine successful, unless it proves itself to be a winner on its own.

[@IndoPakCanvas]

So this was the SOB dallha, eh?

[@asadzee1]

The bribing culture was already there. His contribution has been to advance technology. You are totally wrong and stupid at the same time.

[@IndoPakCanvas]

@@asadzee1 I knew you mother when she was worth it. Get off of my L you gandoo

[@GlassHalfFull13]

All big pharmaceutical do it all over the world. The US multinationals such as Phizer are probably the worst.

[@vardhamanpatil1539]

Your guest is totally ignorant about Indian Pharma industry.. He says there are no big MNCs in India..he is absolutely wrong...name any big pharma MNC , whether it is US, Germany, French or British.. all of them have manufacturing units in India..

[@TubeHumor]

He meant in 1950s

[@Itachi_88mm]

Mashallah now world will witness power of Zam Zam

[@MuhammadKashif-mv8ot]

I watched few podcast on the channel and found it really informative , questions are relevant , have insight and thoughtful . I learned a lot from podcasts because I am working in Pharma industry and Khalid sb is the real legend of the Pakistani pharmaceutical industry.

[@DigiTalesER]

Thank you for the feedback Sir. Hope you have subscribed to the channel.

[@getevennow]

Give them a site in the north. To where there is clean water and hydropower to move their industry with training mechanisms . “ Everything is possible in this world” - Mario Puzo. Stalin moved Russian Industry beyond the Ural mountains during the War to save it from the Germans.. 1700 factories …

[@nishithtiwari9596]

If the gentlemen says Cost of Goods is 77 - 78% of the Revenue then there is no value addition taking place as packaging,logistics and marketing will take up another 15% and profit should range min 10%. Means they are importing formulations,adding fillers ,tableting or capsuling the product and sending it to the market.

[@IndiaBusinessInsights]

For most pharma companies, making retail formulations, Direct material costs are seldom more than 20% of the retail selling price. I am surprised that he claims Cost of Goods are 77-78 percent of revenue, even when their selling prices are 4-5 higher than India.

[@mnjagha84]

Excellent presentation with quality questions and very genuine answers. Guys like Mr. Khalid Mahmood shall be the minister for Industries or similar. But sense will not prevail in the Government or may take a very long time and we shall die before the sun rise.

[@banjo4us1]

Guys like these are suckers ... they all will screw the country for their benefit. You do not need businessmen, you need morally right people. Businessmen like these are the top dog... look at the personal wealth he has. All the ministers in Pak has been businessmen ... and they sold the country.

[@walidsiraj4140]

Ye sirf podcast tak achi hoti hai everybody knows how pharma industries is running in Pakistan that's why MNC leaving the Pakistan.

[@ajmalfarooq3801]

Sir you explained all issues very well but who will listen.

[@afaqh2356]

An important question missed, was related to Transfer pricing. The international Pharmas buy APIs from their parent company, at exorbitant cost. Thus they siphon out all the profit. Then they claim that their costs are high & they cannot sell their product cheaper. This is why they do not make APIs in Pakistan.

[@mohammadsaleem-fr9ti]

pharma industry in pakistan is only mixing of the active and inactive ingredients, and there are no ingredients and molecules manufactured, most of the ingredients are imported from italy and other european countries and ingredients manufactured come thru dubai and other countries. jordanian products are exported to GCC countries only.

[@JavedKhanRawalpindi]

Wonderfully explained all the issues which are hampering the pharmaceutical industry in pakistan.

[@DigiTalesER]

Thank you for the feedback

[@JALAJDARPAN]

Pakistan ko Dawa ki jarurat nhi dua ki jarurat hai

[@m.hamzazunnaiyyer6067]

a detailed informative, knowledgeable disseminating interview, well covered most aspects of pharma industry, C E O a rationale answers n convincing, fine interview.

[@bharathfsf3686]

Establishing a Cracker industry is not just beneficial to Pharma Industry but to a lot of others. There's a whole range of Polymers, Elastomers and what not products that are used in many industries. Even if Pakistan doesn't have those industries that use them, they can still export as Gulf nations usually don't Petroleum Cracking Industries because of high investment. In my opinion Pakistan should invest in Biomass Cracking. It is the next gen thing where there's a lot of developments/investments and also good for environment. Also do a segment on biogas/biomass if possible. As the next COP27 is coming up and with Europe planning to implement carbon tax, many countries are investing in Power Gen. through Biogas. Reliance here in India has planned to build 100 biogas plants.

[@getevennow]

Investment in human capital is a compelling need to revive the country

[@arshadsaeedkhan7664]

Most pharmaceuticals cos are practicing not only over invoicing for imported chemicals (those invoices are always use to apply price increase at local MOH Islamabad on their prescribed format) but also gets royalty on agreed volume to import chemicals from their principals

[@saeedahmad6378]

Very informative

[@DigiTalesER]

Thank you

[@ansariwahab360]

I am a part of pharma industry I am working as a medical rep we are suffering from lot of problems because most of companies are not giving good salary to their employ

[@OrcjaEnglish]

Hello Mr. Abdul Wahab Sahab, How are you? How Can i contact you ? kindly provide me with your e-mail address. Thank you!

[@hammadmustafa6277]

So that you can also exploit them😂😂😂

[@shailendrakolhe4622]

Cipla Ltd established in 1935 in Mumbai (India)... Till date it is big brand...

[@Dr.ArbazRahmann]

Thank you Faizan for your marvellous interview which was professionally conducted. Given the number of pharmaceutical companies, investment in research & API is poorest in the world. Very recently 5 big MNC brands have closed their business and gone. It can be boon for few small players but overall a very disappointing pattern.

[@DigiTalesER]

Thank you sir for this feedback. This industry if given the right opportunity can turn around the fortunes of the country.

[@anilganjoo8401]

​@@DigiTalesERReally. Joke of the day. Only Terrorism Industry will survive in Porkistan😂😂😂😂

[@asadzee1]

Making manufacturing process in Pakistan is not easy. Khalid has transformed pharma industry from a grass root level.

[@Dr.ArbazRahmann]

Mashallah very aptly put pertinent questions by Faizan and interesting answers too. Like every other sector, pharma industry in our country is plagued by poor regulations, complicated and loopholed laws along with mega scams running under the noses of authorities. Until unless Pakistan becomes financially stable, there is not much light at the end of the tunnel. Pakistan Paindabad

[@Dr.ArbazRahmann]

Thank you Faizan for your marvellous interview which was professionally conducted. Given the number of pharmaceutical companies, investment in research & API is poorest in the world. Very recently 5 big MNC brands have closed their business and gone. It can be boon for few small players but overall a very disappointing pattern.

[@ajmalfarooq3801]

Wonderfully presentation in a short time.

[@AliHaiderZaidi96]

Please invite Zeeshan Saleem Zaki, Karachi's biggest Real Estate builder owner of Saima group.

[@Hasans01]

Apparently it looks the Health Sector is being carelessly destroyed by the incompetent authorities. It's not merely Pharma sector but entire health sector which needs immediate attention and support.

[@kaushikthaker9666]

Investment is waiting for country to break up, and no new investment because Pakistani only believe in free gift's and don't want to pay.

[@raamcaash]

I thgt performance time cycle for strategic roles are upwards of 18 months and has clear KPA’s and KRI’s … so a quick release of talebt might affect the Organization in terms of direction and goals and also sone unrest at lower levels

[@waqastahir7740]

فارما انڈسٹری کا کام پاکستانی عوام کو لوٹنا ہے یہ کبھی بھی نہیں جائیں گے

[@getevennow]

GETZ makes very innovative diabetic medicine combinations that are not even available in the US

[@MuhammadKashif-mv8ot]

Yes definitely because in todays time there is rush of content but quality content is scarce .

[@asadalisheikh110]

Please get hold of city mayor and DHA and civic authorities on release of untreated sewerage in the Sea as well as for blocking the view of sea for a common people by construction, of port, parks, commercial and residential projects.

[@HishamNajam]

CitiPharma (CPHL) is a public limited company which is the first API manufacturer of Pakistan.

[@vishal270490]

Nice podcast.

[@ajmalfarooq3801]

All authorities are here but they are more interested to make money than to perform for Pakistan.

[@jaffar6984]

They are all Secondry Mfg units here,we need to have Basic Mfg units too.Then the price could be brought down

[@Money__Matters007]

Great stuff But a suggestion The host keeps interrupting too much The host did not allow the guest to even answer the first question completely which was about the three major problems faced the pharma industry.

[@DigiTalesER]

Thank you for the feedback

[@Money__Matters007]

@@DigiTalesER I am an investor in PSX and such interviews help a lot in understanding the dynamics of different sectors. Hope you will keep inviting people from all the major sectors of the economy. Regards

[@YashRaj-ee1io]

17:27 pharmaceutical industry kee meeting mein army kya kaam🤔

[@ajmalfarooq3801]

Sir you will see in few months huge no of industries will default.

[@adityakeshri1998]

Indian pharma export for 2021-2022- is US$ 24.62 Billion targeting china which is currently at 36 Billion..

[@Shaheer_UK]

BGM please?

[@sbs5408]

Indian API Industry developed over the past 45 years. To develop skills and product development and export you have to compete against India and China. Vietnam, Bangladesh and Iran's API Industry started by hiring Indian Chemists, Engineers, Indian equipment and Indian consultants.

[@veryCreativeName0001-zv1ir]

man stop comparing with pak , we are nowhere near China in terms of pharma and biotechnology. China is competing head on with the US in biotechnology and pharma, they have moved from copy cats and going towards innovators in the field. we need to make our own formulas and have a bio-tech boom of our own

[@cprtariqsultan3423]

It was an informative video. Professionals can understand English very well but kindly request your guests to use the lingua franca Urdu so that for instance the common people may understand the problems in the Pharmaceutical industry. After all Drug prices, usage of drugs & problems of the pharmaceutical industry are also related to the common people. All in all the intent of the producer was bonafide & discussed the issues candidly & wholeheartedly. Please keep it up.

[@DigiTalesER]

Thank you Sir. I speak to my guests in the language they are most comfortable with and best articulate their thoughts in.

[@raj_kumar0]

Would just like to point out that 'Urdu' developed in what is today UP in India.

[@RoamingDoctors]

If his viewers can't understand this in English then it's funny coz he is talking intellectual stuff...

[@ajmalfarooq3801]

We innovated IPP,s.Independent power producers.

[@iltafhussain9075]

Now the question is who will held responsible for innovating ipps.

[@RubabAwan-g3p]

​@@iltafhussain9075 Same powers should be accountable who are responsible for launching new IPP, Istehkame Pakistan Party.😂

[@ajmalfarooq3801]

Govt departments are behaving with industries and businesses like buchers.Almost having dual nationalities or had settled their facilities abroad.

[@aukhan9289]

They just want to earn huge profits. If Getz is in so trouble, how they raised 2nd manufacturing unit on main Korangi industrial area road, just 1.5 km away from their primary unit.

[@R.kandaswamy]

Pakistan is one of the two remaining countries in the world where poliomyelitis (polio) is still categorized as an endemic viral infection, the other one being Afghanistan. As of the March 2023, there has been 1 documented case in Pakistan. There were 20 documented cases in Pakistan in 2022, 1 in 2021, and 84 in 2020.

[@BT-111]

Bhai it's the only country where 100 percent Muslims are fully radicalised. Doctors and Scientists bhi decorum me nahi manta. Unke munh se pahele aata he... Inshallah. They are hopeless society. Believing in Asmani kitab and kudrat ka Nizam😂😂😂

[@vivekanandan5093]

@@BT-111 inshallah, mashallah, allah ke kehar, bass itna hee ata hai inko... Itna irritate hota hai.... We had many prominent figures from India who were Muslims esp Abdul Kalam sir, I have never heard him saying something like this ever. All we hear from our great scientist is the language of science... Ee log toh pattar yug meh jee rahe hai abhibi

[@tahirqkhan]

The gentleman in question is only giving one side of the picture. The multinationals purchase the raw materials and give a high percentage in commission to the parent company. Many also give tech aid and fees. They are hand in glove with the govt officials, corrupting them, as well as increasing prices by joining hands and price setting within the industry. They also offer foreign and local tours to doctors who prescribe drugs, whether the patients need them or not. in the end the customers pay through their nose. expensive Electricity and the elascating dollar is only a small portion of the problems they themselves have created.

[@ajmalfarooq3801]

Wonderful

[@digitalmoiz1]

Getz or local company start purchasing doctors. That is why multinational leaves Pakistan

[@GaneshPatil-yc8fh]

Why don't they give medicine manufacturing to PAK army, they are doing great in Cement, Trucking 😂

[@ShamabaShamabaali-up9wb]

Why are all sectors of society buisiness and social having similar complaint. Cant we cure it.

[@RkR2001]

Doctors travel ke bina Sikhenge Kaise ?

[@tasneemshahid8649]

Good interview Lekin is BAAT ko k ""pharma company doctors ko tickets ghar Ac well furnish clinic kio deti hy "" ka answer khalid mehmood Sahab ne bari khobsorti se ghoma di or jawab NAHI dia🤔😜😀

[@ravinunna1168]

17:26 From the Army?? what kind of country is Pakistan. Is it a democratic country or country ruled by Army? Why is Army interfering in matters of business?

[@maheshpalekar6135]

Tell the gentleman you are interviewing that in 1947 India got independence, India had 70 pharma companies and 3 pharmacy institutions, why every pakistani leader from different sphere only lies.

[@khanilyas6356]

For water u should shift Getz to punjab Sir

[@smrn143]

Sorry dear, i am a General Manager of a Pharmaceuticals, you should have asked right questions about pharma, more than 50% were irrelavant.

[@pspsdan]

India did not have pharma industry in 1951 ? where on earth this man gets such info ? what were CIPLA and Bengal Chemical doing then ?

[@sbs5408]

India's oldest active pharma ingredient company is Sarabhai Chemicals and IDPL (a public sector company). All API Industries since 1978 started from IDPL by their ex employees.

[@thanigaivelk3766]

But who will assure safety of MNC investment and dollar repatriation in the form of profits and dividends. There is always shortage of dollars 💸 💵. No investment climate, total chaos.

[@walidsiraj4140]

Bahir Sey API import Kar key yahan sirf assembling karte Hain aur Success ki batain karte Hain Apne API key plants bahir laga Kar wahan sey Pakistan main import karte Hain aur kehte Hain hum import reduction Kar Rahe hain

[@SureshKumar-or7ok]

Glaxo start manufacturing medicine in India in 1924

[@silvarajoomuniandy4316]

Inthe future, Pakistan will beg to join India.

[@AMIN-iu9ry]

Khalid ...Any Charity are You doing? Because everyone is earning in Pakistan but what about for the poor Pakistanis?

[@MrReachashish]

Electricity is not the highest in pak in the world. For eg in Germany its currently at 35 - 40 eur cents . But yes comparing PPP, its insane in pakistan

[@RkR2001]

Doctors Learn modern procedures through International conferences

[@afaqh2356]

He is wrong that API cannot be made in Pakistan. Fact is that even if it is made in Pakistan, pharmas will still import, because beneficial for them to do so.

[@bipolargamer99x]

Why?

[@afaqh2356]

@@bipolargamer99x Because they buy APIs at exorbitant price from their parent company, then claim that prices be raised. Thus the profit is already siphoned off.

[@abhishek0kb]

So terrorism has no effect on the many industries in Pakistan? Are the guest and host ignoring this?

[@aukhan9289]

Faizan, who multinational left Pakistan from pharma sector, Phizer is there, Beecham, SK&F, Wellcome & Sandoz merged with Glaxo and working as GSK, Bayer is there. Squib, RPR became Sanofi. Merck & Roche became Martin Dow etc

[@pinxtownington4645]

How greed can distroy sn industry

[@speed1223]

Yes the pharma industry finished. Some piece of advice - import Indian medicines via Dubai - it will be cheaper.

[@videolover1489]

Still Pakistani will say inshallah, Aumdullah but Pakistani wont work hard themself

[@valentino7133]

Sorry state of affairs for a country with ample of its own resources, highlighting the empty / missing vision of its establishment and rulers / politicians

[@msn6793]

Look like Both people on platform r not relates to common Pakistani on street in anyway.. really sad situation in Pakistan.

[@BT-111]

Are bhai vo hinduo ne banaye the. 1900 me Karachi ka 64 percent population Hindus the. 1947 me bhi 48 percent Hindus the. Sindhi, Gujaratis, Parsis were ruling economy there. So these 7-8 plants were own by Hindus.

[@tourdenorth3868]

Yes this man gave the most cash , cars , ACs, homes , clinics Renovations and much more and destroyed ethics in industry. This man's company gave a job with insecurity to Pakistan graduates, and played with their careers. Shame on Mr Khalid .

[@JALAJDARPAN]

pakistan mein hafiz saeed jaise bade bade doctor hai yaar

[@maheshmanik1500]

NO PAKISTANI BE GIVEN VISA BY INDIAN GOVERNMENT FOR TREATMENT AND SURGERIES. PAKISTAN HAS DONE ENOUGH HARM TO INDIAN ARMY AND CIVIL SOCIETY. LET PAKISTANIS GO TO U.K AND U.S.A FOR TREATMENT.

[@joemaloney8839]

AAp Solar lagayen . A german auto company has covered the entire company sheds with solar panels. Rather than crying and wailing about energy costs a, do something unique. Think about out of box solution. Car industry surely uses more energy than a Pharma . You are just packaging

[@walidsiraj4140]

Bribe dey kar ur rishwat khila ka apni products sale karna, Doctors ko khareedna phir apni achievements ka charcha karna

[@BT-111]

Ab sabse badi pharma company ka owner bhi Inshaallah se bat shuru karega to kya hoga us desh ka. Kya jajba he😂😂😂

[@SR-pk2ph]

Please manufacture and use only halaal medicines in Pakistan !!!! Don't promote unislamic medicines and unislamic surgical procedures !!!!!

[@angelsrock6845]

Baggers

[@NibaranNath-bx4ee]

A great lie that this CEO is speaking that first Pharma co established in 1951 in Pakistan much before India did so. The truth is India had its first Pharma company in 1901. A great lier

[@rajpradhan7895]

great news....madarsa will do treatment without medicines soon in Pak..😂😂😂😂

[@shimantagoswami4781]

Aka china hei na, saste mei mil Jayega.

[@ramakanthkondabathini3824]

Btw how safe is your country ??? Do investor come to your Banana Republic ... 😀😀😀

[@banjo4us1]

This guy is hoodwinking. The cost of labour in Pakistan is amongst most competitive in the world. This is a way to arm twist the Pakistan, he wants to improve the bottom without improving sales. Everywhere there is issues in the world.... I have no soft corner for people like these

[@RajivKapur-k5j]

stunted children are due to to inbreeding. if you marry your sisters and daughters, then what do you expect

[@BT-111]

N see most important part is these all English speaking Pakistanis are just two- three generations old converts from Hindus. Whether they accept or not its immatirial for us. But if they call themselves son and daughters of Gazanvis and Ghoris thn bhikhari hona obvious he. Afghanistan ka hal aaj bhi vo hi he. Lunt ke paisa lamba nahi chalte.

[@WeKnowIslam94]

Dawai to bas naam Ilaaz to Allha ki rahmat hai, Ye hamare com ko pata nahi kya samajh rakha hai...😢😢😢

[@debabratadatta3696]

Inn saab chutiya harkato ke wajah se tumlogo ka yeh haal hai ab.

[@appukuttanj]

Pak expert: Pak exports large quantity of pharma exports, around $250 million. India (with exports of $26 Billion): left the chat

[@muhammadnadeem4909]

Please don't say pharma industry, say Pharma Mafia.

[@ganeshvenkataraman8165]

Why don't you hand over the Pakistan pharma industry to the Pak Army like agriculture

[@hard3700]

The quality of Medicines is very poor.

[@priyajvivek1035]

Pakistani pharma industry owes 463 million to indian pharma industry...woh yo de do phir bakwas karna

[@shadow_prince_rex]

Just import from India.... They are the best in pharma