Chinese Firms Eye $1 Billion Pakistan Pharma Investment

KARACHI: (Web Desk) – Pakistan’s pharmaceutical sector is expected to attract up to $1 billion in investment as the government has invited around 130 leading Chinese companies to explore business opportunities in the country.

A three-day international pharmaceutical conference, being organised by the Ministry of National Health Services, Regulations and Coordination, will be held in Karachi from July 17 to 19. Major Chinese pharmaceutical firms are expected to participate in what is being described as one of Pakistan’s largest industry gatherings.

The visiting companies are likely to explore investment opportunities in the production of medical devices, vaccines, pharmaceutical raw materials and surgical products. The forum is expected to create a platform for technology transfer agreements, joint manufacturing ventures and wider industrial cooperation between Pakistani and Chinese businesses.

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Officials believe the conference could help strengthen Pakistan’s pharmaceutical manufacturing base and reduce dependence on imported healthcare products. They expect overall investment in Pakistan’s pharmaceutical market to rise to nearly $5 billion over the next few years.

Around 150 Pakistani pharmaceutical and investment companies are also expected to attend the event. The gathering will serve as Pakistan’s first business-to-business pharmaceutical investment forum focused specifically on Chinese companies.