China has announced its intention to invest $1 billion in Pakistan’s healthcare sector by establishing a state-of-the-art medical city. The announcement was made during a meeting between a Chinese business delegation and President Asif Ali Zardari at Bilawal House in Karachi.
The Chinese delegation, led by Consul General Yang Yundong, proposed the development of a medical city in Pakistan. This initiative aims to advance Pakistan’s healthcare infrastructure and create a benchmark for medical services in the region.
Beyond healthcare, the delegation expressed interest in investing in various sectors, including agriculture, livestock, energy, transport, and manufacturing.
President Zardari emphasized Pakistan’s commitment to fostering investment-friendly policies and welcomed China’s involvement in the country’s economic development.
“It was my vision to develop Gawadar Port into a regional trade and economic hub that would boost connectivity and regional cooperation,” Zardari stated.
China has long been a trusted partner of Pakistan, contributing significantly through projects like the China-Pakistan Economic Corridor (CPEC). Dubbed Pakistan’s “economic lifeline,” CPEC has been instrumental in boosting trade and development.
According to a World Bank report, China is Pakistan’s largest creditor, holding nearly 22% of its total external debt, amounting to PKR 29 billion.
During the meeting, Pakistani officials, including Sindh Chief Minister Murad Ali Shah and provincial ministers, pledged full support for facilitating Chinese investments.
President Zardari reaffirmed Pakistan’s dedication to fostering a mutually beneficial relationship with China. “We are committed to supporting investors in every possible way,” he said.
China’s $1 billion investment in Pakistan’s healthcare sector marks a significant step toward deepening economic cooperation between the two nations. With diversified investments in key sectors, this partnership aims to create sustainable growth and development for Pakistan.
