The Special Investment Facilitation Council (SIFC) has secured memoranda of understanding worth $250 million from Chinese medical device manufacturers, marking a significant development in Pakistan's healthcare sector.
Approximately 80 Chinese companies have expressed interest in establishing joint ventures within Pakistan's medical and surgical equipment industry, currently valued at over $600 million. The partnerships aim to leverage China's advanced medical technology expertise while utilizing Pakistan's labor force and tax incentives.
The collaboration focuses on expanding Pakistan's medical device manufacturing capabilities through technology transfer and joint production facilities. SIFC's facilitation efforts have created an investment-friendly environment, attracting Chinese firms to Pakistan's growing healthcare sector.
This development aligns with Pakistan's economic recovery initiatives, with SIFC playing a central role in attracting foreign direct investment to the medical industry. The agreements are expected to enhance local manufacturing capabilities and technological advancement in the medical device sector.
