This project is set to transform
Pakistan’s healthcare system
particularly benefiting Karachi
Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), announced that a high-profile Chinese delegation visited FPCCI’s Head Office in Karachi to reveal plans for a $1 billion investment in a mega medical city. This project is set to transform Pakistan’s healthcare system, particularly benefiting Karachi.
The announcement took place during a joint meeting of FPCCI’s Pakistan-China Business Council and the Central Standing Committee on Foreign Affairs, Trade, and Investment. The meeting was co-chaired by Mr. Saquib Fayyaz Magoon, Senior Vice President of FPCCI, and Mr. Meng Xiao Wei, President of the China-Pakistan Research and Innovation Enterprises Alliance.
Mr. Magoon emphasized that the medical city will be developed by 35 Chinese business groups listed on the Chinese Stock Exchange. This initiative aims to elevate Pakistan’s healthcare system to global standards, further solidifying the growing economic partnership between Pakistan and China. He also acknowledged the role of Mr. Idrees Gigi, a prominent Pakistani industrialist, in facilitating the engagement between Chinese investors and Pakistani businesses.
Mr. Meng Xiao Wei outlined the scope of the project, which will include manufacturing facilities for medical equipment, a world-class medical college, training programs, and other healthcare-related businesses. With a $1 billion investment and a three-year development timeline, the project is expected to create over 50,000 jobs in Pakistan. The Pakistan-China Medical Association will also provide support for this ambitious initiative.
Mr. Shabbir Mansha, Chairman of FPCCI’s Pakistan-China Business Council, highlighted the delegation’s broad representation from various industries, including medical, agricultural fertilizers, solar energy, heavy trucks, and electric vehicles. The Chinese delegation expressed eagerness for further collaboration and announced extensive B2B meetings with Pakistani companies in Karachi to explore additional investment opportunities in partnership with the Sindh government.
Ms. Mahin Khan, Convener of FPCCI’s Central Standing Committee on Foreign Affairs, Trade, and Investment, shared that the delegation also revealed plans for other major investments in Pakistan. These include a cold extraction mine project, fertilizer manufacturing facilities, a high-speed rail track between Karachi and Sukkur, and other large-scale initiatives aimed at boosting Pakistan’s infrastructure and economy.
