Chinese delegation announces $1m medical city in Karachi, explores wider investments

KARACHI: A 16-member Chinese trade delegation that recently visited the Dhabeji Economic Zone has announced a $1 million investment to establish a medical city in Karachi, according to a statement released by the Korangi Association of Trade and Industry (KATI).

The project, which will be Pakistan’s first comprehensive pharmaceutical and medical ecosystem, is set to be developed in the Dhabeji Economic Zone after successful negotiations with the Sindh government.

The leader of the delegation made the announcement while addressing KATI. He revealed that discussions with the Sindh government are at an advanced stage regarding the introduction of 1,000 electric buses, electric taxis and a high-speed train connecting Karachi to Sukkur.

According to the statement, the Chinese delegation comprises representatives from leading companies in sectors such as agriculture, energy, transport and manufacturing.

The delegation noted that a high-level business alliance in China is actively encouraging investment in Pakistan, with over 50 companies showing interest in projects ranging from solar energy to fertilisers. Currently, 10 prominent companies have joined the delegation to explore business opportunities in Karachi.

KATI President Junaid Naqi welcomed the delegation, highlighting the strong bilateral relationship between Pakistan and China. He said that China is a reliable ally, providing consistent diplomatic and financial support during critical times.

“China is Pakistan’s top source of foreign direct investment, and this partnership holds tremendous potential for enhancing bilateral trade,” Naqi said, adding that the Korangi Industrial Area, a key hub for Pakistan’s export industries, could play a pivotal role in fostering joint ventures and increasing exports.