BM Desk: The authorities of Indo Bangla Pharmaceuticals Limited, a listed pharmaceutical and chemical company, have taken the initiative to export medicines to Afghanistan. The company has signed an agreement with a pharmaceutical company in the country for this purpose.

This information was reported by Dhaka Stock Exchange (DSE).

According to the source, Indo-Bangla Pharma has signed an agreement with Salar Yousafzai Pharma of Afghanistan. Through this, Indo-Bangla Pharma will export medicines to Afghanistan. In this case, Salar Yousafzai Pharma will act as the sole representative or agent. Which will be valid for 15 years.

Indo-Bangla Pharma will export medications valued at $150,000 every shipment under the terms of this agreement as part of its normal export strategy. A 40% advance payment and a 60% pre-shipment payment will be used to fund this export.
Indo-Bangla Pharma’s financial situation will improve as a result of exporting medications. These exports will also boost long-term company growth and earn foreign money.