Pharma exports fall in FY26; decline extends into Q1FY27

Pakistan’s pharmaceutical exports dropped to USD319.012 million in FY26 from USD457.456 million a year earlier, then slipped further in July-September FY27, Business Recorder reported, citing Pakistan Bureau of Statistics data. In the first quarter, export receipts were USD73.301 million, compared with USD98.428 million in the same period of FY26.

Export quantities declined more sharply than earnings: FY26 shipments fell 26.14 percent, while first-quarter FY27 volumes were down 31.40 percent year on year. The report links the deterioration partly to disrupted trade with Afghanistan, which absorbed about 34.1 percent of Pakistan’s pharmaceutical exports in FY25; surgical goods and medical instruments were excluded from the pharmaceutical figures. Former Pakistan Pharmaceutical Manufacturers’ Association chairman Dr Kaiser Waheed also cited the trade disruption as a major influence on exports.