China to Invest USD 1 Billion in Pakistan for a Medical City

In a significant boost to Pakistan’s economy and healthcare sector, a Chinese business delegation has pledged an investment of USD 1 billion to establish the country’s first fully integrated medical city. The project will be located in the Dhabeji Economic Zone near Karachi, marking a new milestone in the longstanding economic partnership between China and Pakistan.

A Step Towards Economic and Healthcare Development

The proposed medical city aims to create a comprehensive pharmaceutical and medical ecosystem, addressing Pakistan’s growing healthcare needs while fostering economic growth. The Chinese investors outlined their plans during a meeting with President Asif Ali Zardari, Sindh Chief Minister Syed Murad Ali Shah, and the Chinese Consul General.

This project highlights China’s commitment to supporting Pakistan’s development. It builds on previous collaborations such as the China-Pakistan Economic Corridor (CPEC), a venture often referred to as the “lifeline” of Pakistan’s economy.

Why This Investment Matters

The establishment of a medical city will benefit Pakistan in multiple ways:

• Healthcare Advancements: The integrated ecosystem will enhance pharmaceutical production and medical services.
• Economic Growth: It will create job opportunities and attract further investments in related industries.
• Stronger Bilateral Ties: This project exemplifies the growing economic partnership between China and Pakistan, extending beyond traditional sectors into health, agriculture, and more.

Government’s Support for Chinese Investment

Both President Zardari and Sindh Chief Minister Syed Murad Ali Shah assured their full support to the Chinese investors. The government has introduced measures such as Chinese language courses in Sindh to remove language barriers and strengthen cultural ties.

President Zardari reiterated the government's commitment, saying, “We welcome Chinese investors and are determined to provide them with every possible support.”

Looking Ahead

This investment is a testament to the deep-rooted friendship between the two nations and the potential for transformative projects. The medical city is poised to set a benchmark for future investments in Pakistan, not only in healthcare but also in sectors like agriculture, energy, transport, and manufacturing.

As China and Pakistan continue to strengthen their economic ties, projects like these pave the way for long-term sustainable development and mutual growth.

Reference from:- https://www.ndtv.com/world-news/china-keen-to-invest-usd-1-billion-in-pakistan-to-establish-medical-city-7247542