BEIJING: The Embassy of Pakistan in Beijing, in collaboration with the Board of Investment, hosted the sixth in a series of sector-specific corporate matchmaking meetings on Friday, which focused on promoting joint ventures and investment partnerships between Pakistan and China in the region. Medical and surgical equipment sector, says a press release.
The meeting included remarks by the Ambassador and senior leaders of Chinese medical and surgical industry associations, presentations from the Board of Investment and local companies, networking opportunities, and 200 one-on-one sessions between companies. More than 80 Chinese companies and associations and more than 20 Pakistani companies participated in person and online. Three memorandums of understanding worth $250 million were signed.
In his keynote address, Pakistan’s Ambassador to China His Excellency Mr. Khalil Hashmi emphasized the long experience and expertise that Pakistan has acquired in this important sector, and the comparative advantage of competitive labor cost, geographical location, market access and investment facilitation measures offered by Pakistan. In this sector. Ambassador Hashmi also highlighted the growing potential of this industry in Pakistan, which is estimated to be worth more than US$600 million.
Highlighting the global reputation of Sialkot’s precision medical and surgical instruments, Ambassador Hashmi encouraged Chinese companies to explore joint ventures with their Pakistani counterparts and provided full support and facilities by the embassy.
Zhu Hui, President of the China Chamber of Commerce for Import and Export of Medicines and Health Products (CCCMHPIE), also spoke, noting the increase in trade in the medical sector between the two countries. He stressed the complementary strengths between Pakistani manpower, raw materials and China’s supply chain expertise.
The meeting concluded with Ambassador Hashmi announcing that Pakistan will host the 4th Health, Engineering and Minerals Exhibition (HEMS) in Lahore from April 17 to 19, 2025, with special focus on surgical and medical instruments. He called on Chinese companies to participate and explore new opportunities for growth and innovation.
The Ambassador also commended the leadership and team at the Board of Investment (BoI) as well as the Trade and Investment Wing of the Embassy for their meticulous planning and organization of this successful meeting, which saw the completion of the first round of B2B investment promotion campaigns in seven years. Priority sectors. Ambassador Hashemi indicated that seven additional corporate reconciliation meetings in seven additional priority sectors would begin in the near future, for which the preparatory work was nearing completion.
