Beijing: Pakistani and Chinese companies have signed memoranda of understanding collectively valued at $250 million to enhance trade in the medical and surgical sectors. This significant agreement was reached during the China-Pakistan B2B conference held in Beijing today.

According to a statement by Ministry of Information and Broadcasting, the collaboration is designed to encourage more Chinese companies to engage in trade and establish joint ventures in Pakistan’s burgeoning medical instrument sector. The agreements are anticipated to provide a substantial boost to the industry, drawing on Pakistan’s strategic advantages.

Sunny Yang, Chief Technology Officer, noted in an interview with China Economic Net that Pakistan’s large market, tax incentives, and alignment with European standards position it favorably for attracting international investment.

Pakistan’s ambassador to China, Khalil Hashmi, underscored the expanding opportunities within Pakistan’s medical industry, which he valued at over $600 million. During the event, he also announced the upcoming three-day Health, Engineering, and Minerals Show set to take place in Lahore on April 17.