By John Lee.
[Update: On 16th October 2025, Citi Pharma clarified to the Pakistan Stock Exchange that no decision had been made to open a factory in Iraq. Our article below was based on a post that Citi Pharma published on its own Facebook page, in which it clearly states, "We are excited to announce our plans to open a new manufacturing plant in Iraq." Read more here.]
Citi Pharma Limited of Pakistan has announced plans to open a new pharmaceutical manufacturing plant in Iraq, marking a significant step in its regional expansion strategy.
During a recent visit to Iraq, Citi Pharma's CEO, Rizwan Sheikh, met with Iraqi Minister of Health, Dr. Salih al-Hasnawi, to reinforce the company's commitment to strengthening healthcare collaboration.
Iraq's pharmaceutical market is currently valued at around $5 billion. Citi Pharma aims to capture $1 billion of this market over the next decade through innovation, quality production, and improved accessibility.
(Source: Citi Pharma)
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