China unveils plan for $1b medical city in Karachi

A Chinese delegation met with President Asif Ali Zardari and expressed a keen interest in investing $1 billion in the establishment of a medical city in Pakistan.

The meeting, which also included Sindh Chief Minister Syed Murad Ali Shah, provincial ministers, and China’s Consul General, focused on enhancing economic ties between the two nations, Express News reported.

The project, Pakistan's first fully integrated pharmaceutical and medical ecosystem, is likely to be developed in the Dhabeji Economic Zone following successful negotiations with the Sindh government, according to a statement released by the Korangi Association of Trade and Industry (KATI).

Zardari underscored the importance of fostering deeper economic and trade cooperation between Pakistan and China.

He highlighted the need for stronger links, particularly among investors and businesses in both countries.

The Chinese delegation showed interest not only in the health sector but also in several other key areas, including agriculture, livestock, energy, transport, and manufacturing.

“Pakistan and China share deep and historical brotherly ties. Our mutual interests and views on significant issues align closely,” Zardari said.

Addressing the vision behind the development of Gwadar Port, Zardari remarked, "It was my vision to develop Gwadar Port into a regional trade and economic hub. This port will enhance regional connectivity and foster trade and economic cooperation."

He further assured the Chinese investors that Pakistan is committed to facilitating their investment.

"We welcome Chinese investors and are determined to provide them with every possible support," he added.

Zardari also noted the introduction of Chinese language courses in Sindh, aiming to strengthen public and cultural ties between the two countries.

"These language courses are a step forward in fostering stronger people-to-people connections," he said.