GlaxoSmithKline Steps Up Local Expansion

BMI view: There are significant hurdles on GlaxoSmithKline Pakistan's road towards fully exploiting Pakistan's untapped potential, not least the country's weak distribution infrastructure, endemic corruption and existing low incomes. Despite these challenges, we believe GlaxoSmithKline Pakistan should continue to reap considerable returns from its investments, thanks to its strong expansionary focus and product offerings. Being one of the early market entrants and an established presence in the country, GlaxoSmithKline Pakistan also has the competitive advantage of entrenching its brands in the market long before others do, allowing it to secure an enviable foothold in the

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