LAHORE: For the first time in the country’s history, a US biomedical engineering company would set up a manufacturing unit of biomedical equipment in the Allama Iqbal Industrial City, a prioritized Special Economic Zone of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under China Pakistan Economic Corridor.
The company director Dr Usman Mustafa had called on FIEDMC Chairman Mian Kashif Ashfaq on Monday.
At the early stages, this American company will manufacture only those biomedical products or disposables which are being used for heart surgery or its treatment and later, in next stage, heart stents and other latest medical equipment will also be manufactured here to meet the local needs.
Speaking on the occasion, FIEDMC Chairman Mian Kashif Ashfaq said, “Pakistan will be in a position to save millions of rupees worth foreign exchange in the wake of import of biomedical equipment and this will also ultimately lead to self-reliance in medical sector besides enabling our industry to export it to other countries too.”
He said after installation of this unit, the price of biomedical equipment would be slashed remarkably in the local market which will greatly help the needy patients.
He said a research centre will also be established in FIEDMC with the collaboration of this company which will open new doors of medical research in Pakistan.
“FIEDMC will also provide all available facilities to the said company for installing its unit and the objective behind offering free-of-cost land is to lay the foundation of biomedical engineering in Pakistan so that it will help develop the country’s medical sector to meet the challenges both at local and international levels.”
Mian Kashif maintained said investors from across the globe will pump investment in different projects of FIEDMC in days to come.
Later, Dr Usman visited Allama Iqbal Industrial City where he expressed his satisfaction over the pace of its development undergoing and congratulated Mian Kashif Ashfaq for materializing the dream of this mega project.