Pakistan, Oct. 12 -- Pakistan has unveiled a major initiative to expand its pharmaceutical and medical device exports to $30 billion within five years. Federal Health Minister Syed Mustafa Kamal announced the plan while introducing a new online licensing system designed to revolutionize the country's medical manufacturing sector. The system enables companies to obtain approvals within 20 days, compared to the previous process that often stretched over three years due to bureaucratic hurdles and corruption.

The health minister highlighted that the digitized process would eliminate the need for CEOs to travel to Islamabad for approvals, cutting costs and increasing transparency. "Now, everything is digital - companies can apply in ten minu...