Pakistani, Chinese Companies Sign MoUs Worth $250M to Boost Medical Trade

Beijing: Pakistani and Chinese companies have signed memoranda of understanding worth approximately $250 million to enhance trade in the medical and surgical sectors. The agreements were signed during the China-Pakistan B2B conference focused on the medical equipment and surgical instrument sector.

According to Radio Pakistan, this collaboration aims to encourage more Chinese companies to engage in trade and establish joint ventures in Pakistan’s medical instrument sector. The initiative is expected to leverage Pakistan’s market size, tax incentives, and alignment with European standards to attract international investment.

Sunny Yang, Chief Technology Officer, expressed that Pakistan’s strategic advantages make it a promising destination for investment. Pakistan’s ambassador to China, Khalil Hashmi, emphasized the growing potential of the medical industry in Pakistan, which is estimated to be valued at over $600 million. He also announced the upcoming fourth 3-day Health, Engineering, and Minerals Show in Lahore, scheduled to begin on April 17.