Speakers at LCCI apprehensive about MFN to India

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Government must not make any agreement with India at the cost of local industry which is currently making all out efforts to survive in the presence of acute energy crisis, rising inflation and widespread corruption. This was the upshot of the speeches delivered at a seminar on ‘Most Favoured Nation’ status to India organised by LCCI standing committee on pharmaceuticals here at Lahore Chamber of Commerce and Industry. LCCI President Irfan Qaiser Sheikh was the chief guest while vice chairman Pakistan Pharmaceutical Manufacturers Association Tariq Ikram, Mujeeb Ahmad Khan, head of WTO Cell TDAP and Convener LCCI Standing Committee Amjad Ali Jawa also spoke on the occasion. LCCI President was of the view that Pharmaceutical industry requires some special safeguards before the notification of MFN status to India as Indian pharma sector is almost 10 times bigger than that of Pakistan’s. Irfan Qaiser Sheikh said Pakistan’s pharma industry can not compete with Indian pharma industry which comes at 3rd place in the world in terms of volume.