GlaxoSmithKline Pakistan
TypePublic company
PSX: GLAXO
IndustryPharmaceutical
Founded2001 (2001)
Headquarters
Karachi
,
Pakistan
Area served
Pakistan
Key people
  • Erum Shakir Rahim (CEO)
  • Hasham Ali Baber (CFO)
RevenueIncrease Rs. 41.84 billion (US$140 million)[1] (2022)
Decrease Rs. 5.10 billion (US$18 million)[1] (2022)
Decrease Rs. 2.46 billion (US$8.5 million)[1] (2022)
Total assetsIncrease Rs. 22.63 billion (US$78 million)[1] (2022)
Total equityIncrease Rs. 21.05 billion (US$73 million)[1] (2022)
Number of employees
1,768[1] (2022)
ParentGSK
Websitewww.pk.gsk.com

GlaxoSmithKline Pakistan is a Pakistani pharmaceutical company which is a subsidiary of British company GSK.[2] It is the largest pharmaceutical company in Pakistan.

History

The company started its operations in Pakistan as Glaxo Laboratories Pakistan Ltd and was listed on the Karachi Stock Exchange in 1951.[3]

GSK Pakistan equation was formed when Beecham, Glaxo Welcome and Smith Kline, all having a big name in the pharmaceutical market and that were separate entities before, merged in 2002.[4]

In December 2008, GSK Pakistan acquired operations of Bristol Myers Squibb in Pakistan for approximately US$36.5 million.[5]

In December 2010, the company acquired Stiefel Laboratories operations in Pakistan.[6]

GlaxoSmithKline's former logo, 2001-9 June 2022

GlaxoSmithKline Consumer Healthcare Pakistan Limited (GSKCH)

In 2015, GlaxoSmithKline Consumer Healthcare Pakistan Limited (GSKCH) was demerged from GlaxoSmithKline Pakistan Limited (GLAXO).[7]

In 2016, GSKCH started operations as an independent company.[7]

In 2017, GSKCH got listed on PSX.[7]

GLAXO vs GSKCH

GLAXO (GlaxoSmithKline Pakistan Limited) manufactures and markets a wide variety of prescription medicines and vaccines.[7]

GSKCH (GlaxoSmithKline Consumer Healthcare Pakistan Limited) sells over-the-counter medicines and consumer products.[7]

References

  1. 1 2 3 4 5 6 "GSK PK Annual Report 2022" (PDF). pk.gsk.com. Retrieved 30 November 2023.
  2. ↑ "GlaxoSmithKline Pakistan Limited – a company overview (2014 version)". Business Recorder (newspaper). 2 December 2014. Retrieved 3 November 2022.
  3. ↑ "GlaxoSmithKline Pakistan Limited – a company overview (2016 version)". Business Recorder (newspaper). 1 September 2016. Retrieved 3 November 2022.
  4. ↑ Hussain, Dilawar (27 August 2003). "GlaxoSmithKline Pakistan - a company profile". Dawn (newspaper). Retrieved 3 November 2022.
  5. ↑ Khan, Aamir Shafaat (23 December 2008). "Glaxo acquires Bristol Myers". Dawn (newspaper). Retrieved 3 November 2022.
  6. ↑ "GSK Pakistan takes over Stiefel's local operations". The Express Tribune (newspaper). 3 December 2010. Retrieved 3 November 2022.
  7. 1 2 3 4 5 "GLAXO: earnings in red". Business Recorder (newspaper). 1 September 2022. Retrieved 3 November 2022.
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