Islamabad, August 28, 2016 (PPI-OT): Islamabad Chamber of Small Traders on Sunday called upon the government to take steps to end exploitation of the surgical industry of Pakistan by the hands of international players. Pakistan is producing 90 percent of the world’s production of disposable and reusable surgical instruments but it is getting only two percent share of the seventeen billion dollar global trade, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt.
He said that Pakistani companies are earning mere 359 million dollars due to lack of the interest of officials concerned and exploitation by the developed nations. This is keeping local companies from development and resulting in lost opportunities as local institutions have not helped the companies to develop any international brand.
Shahid Rasheed Butt said that are three thousand companies in Sialkot are producing ten thousand types of instruments which are sold at dirt cheap price to the companies located in developed countries that sell it after putting their stamp on it.
Many companies have closed down their production facilities and opted for selling Pakistani products under their brand names which is not justified as the country producing 170 million instruments annually must get a fair share, he demanded.
The top ten buyers of Pakistani instruments include USA, Germany, UK, France, Italy, UAE, Japan, Brazil, Mexico and Russia. It is unfortunate that Pakistani companies are unable to export their production to Islamic countries and India let alone EU and US, he noted. Butt asked the government to take steps to improve the situation which will help develop the industry earn foreign exchange.
For more information, contact:
Islamabad Chamber of Small Traders and Small Industry
Office No, 9 Block E, Super Market, Islamabad