In order to register a medical store in Pakistan, you will need to follow certain steps and complete certain requirements. The process can vary depending on the location of your store and the specific industry in which your store will operate.
- Choose a name for your medical store and check its availability by conducting a name search with the Securities and Exchange Commission of Pakistan (SECP).
- Obtain a National Tax Number (NTN) and Sales Tax Registration Number (STRN) from the Federal Board of Revenue (FBR).
- Obtain a certificate of incorporation from the SECP. This can be done online via the SECP’s eServices portal.
- Obtain a trade license from the relevant Municipal Corporation or Union Council.
- Register with the Employees Old-Age Benefits Institution (EOBI) and the Social Security Institution (SSI) to ensure compliance with labor laws.
- Obtain a certificate of registration from the Pakistan Medical and Dental Council (PMDC) if your store is involved in the medical industry.
- Register for GST if your store’s turnover is more than Rs. 20 million per annum.
- Obtain a Wholesale/Retail Drug License from the Drug Regulatory Authority of Pakistan (DRAP) to sell medicines and drugs.
- Obtain a No Objection Certificate (NOC) from the relevant department of the provincial government.
- Register the store with the Pakistan Pharmacy Council (PPC)
It is important to note that the above process and requirements are subject to change, and it is always best to consult with a legal advisor or a company registration consultant for specific guidance and advice. Additionally, it’s important to comply with all the rules and regulations related to the sale of medicines and drugs, and ensure that the store is run by a licensed pharmacist or by someone who has completed the relevant training.