Islamabad, Oct 1 - Pakistan's first bio-pharmaceutical company, BF Biosciences Limited, was Friday inaugurated near the eastern city of Lahore, a media report said.

The company, a joint venture between Ferozsons Laboratories Limited and Bago Group of Argentina, manufactures drugs to treat hepatitis, cancer and diabetes.

Punjab Chief Minister Muhammad Shahbaz Sharif and Argentina's Ambassador to Pakistan Rodolfo Martin-Saravia inaugurated the facility in Raiwind, the Online news agency reported.

Cheap treatment will now be available to patients, Sharif said adding a lab of global standard has been set up in collaboration with Argentina. (IANS)