Starting a pharmaceutical company in Pakistan involves several steps, including obtaining necessary licenses and permits, registering with relevant government departments, and compliance with regulations for manufacturing, labeling, and distribution of drugs.
Here is a general overview of the process for starting a pharmaceutical company in Pakistan:
- Choose a name for the company and conduct a name search to ensure it is available and not in use by another company.
- Obtain a National Tax Number (NTN) and a Sales Tax Registration Number (STRN) from the Federal Board of Revenue (FBR).
- Register the company with the Securities and Exchange Commission of Pakistan (SECP) as a private limited company or a single-member company.
- Obtain a certificate of registration from the Pakistan Pharmacy Council (PPC)
- Obtain a drug manufacturing license from the Drug Regulatory Authority of Pakistan (DRAP)
- Register with the Ministry of Health for export-related activities, if the company plans to export drugs.
- Obtain Good Manufacturing Practices (GMP) certification from DRAP
- Obtain any necessary licenses and permits from relevant department such as Ministry of Health, Ministry of Industries and Production and Ministry of Textile Industry
- Obtain a Sales Tax registration certificate from the Federal Board of Revenue (FBR)
- Register for social security and employee provident fund with the Employees Old-Age Benefits Institution (EOBI)
It is important to note that process and the requirements may vary depending on the type of drugs you want to manufacture and the location of your business. It’s advisable to consult with a lawyer or a professional consultant for specific guidance and help in the registration process and comply with regulations for the manufacturing, labeling, and distribution of drugs according to the laws of Pakistan.