In a positive development, Pakistan to start indigenous manufacturing of essential medical equipment saving $1.4 billion
Pakistan is set to start the indigenous manufacturing of essential medical equipment including stents, cannulas, syringes, needles, x-ray, and dialysis machines following the establishment of the 200-acre medical equipment manufacturing zone in the Faisalabad industrial zone.
It was revealed by the Federal Minister for Science and Technology, Fawad Chaudhry, adding that local manufacturing of essential medical equipment will help Pakistan reduce its $1.4 billion annual medical import bill. ------------------------------
The minister further said that another medical equipment manufacturing zone will be set up in Sialkot in the coming months, enabling the district’s current annual exports of $400 million to cross $2 billion in just two years.
Besides, the Ministry for Science and Technology recently inked an MoU with the Capital Development Authority to turn Islamabad into Pakistan’s first city with all-electric transport in the next 3 to 5 years, allowing the country to save Rs. 510 million on its annual fuel import bill.