Medical Equipment
MoUs valued at approximately $250 million were signed during the China-Pakistan B2B matchmaking conference in Beijing on Saturday. The agreements, focused on the medical equipment and surgical instrument sector, signify a growing collaboration between the two nations.
The Silk Road Assistance Industrial Internet Platform, a consulting service specializing in cross-border business, partnered with Pakistan’s dental and surgical instrument manufacturer Sawuat and China’s pharmaceutical company UPH Biopharma.
This partnership aims to attract more Chinese companies to engage in trade and establish joint ventures in Pakistan’s medical instrument sector.
Sunny Yang, Chief Technology Officer of the Silk Road platform, emphasized Pakistan’s unique advantages. “Pakistan’s vast market, tax incentives, and alignment with European standards give it a competitive edge in attracting international investment,” he told China Economic Net.
Yang noted that while Pakistan excels in manufacturing medical equipment, areas like image documentation can benefit significantly from Chinese technological expertise. By leveraging these synergies, Pakistan can enhance its global standing and climb the value chain.
As the world’s fifth-largest hub for medical manufacturing, Sialkot, Pakistan, exports over 80% of its domestic production.
Pakistan’s cost-effective production, abundant raw materials, and strategic geographic location linking Central Asia and the Middle East offer immense opportunities for international investors.
Zhou Hui, Chairman of the China Chamber of Commerce for Import and Export of Medicines and Health Products, highlighted Pakistan’s strengths in medical consumables, particularly surgical instruments.
He advised Pakistani enterprises to stay updated on China’s regulations for medical devices and drugs to streamline entry into the Chinese market. Zhou assured continued support through consulting services to facilitate this process.
Dr. Muhammad Shahbaz, President of the China-Pakistan Medical Association, announced plans to construct a China-Pakistan Friendship Hospital in Islamabad and establish a joint medical technology park in Pakistan.
His association also reached an agreement with a Hangzhou-based technology company to collaborate on medical equipment trade, joint ventures, and technology transfer.
The conference, organized by the Pakistani Embassy in China, drew over 120 companies from both nations. Seven additional roadshows are planned for the coming months, further boosting this growing collaboration.
