Pakistan key partner in current $ 400 billion global medical device

ISLAMABAD:Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Sunday said that Pakistan was a key partner in the current $400 billion global medical device industries as well as contributing in local economic development.
It said that stepping into the knowledge economy, Pakistan could emerge as a major global player by expanding its exports of medical device industry.
Chairman FPCCI Qurban Ali while, addressing the inaugural ceremony of AZ Diagnostic, a medical diagnosing laboratory said that exports of surgical goods and medical instruments had grown steadily along with global industry trade in the past decade and reached to $ 500 million during last financial year.
Pakistan remained a small-scale exporter of surgical instruments in global markets and during recent years, exports of these products showed a notable slowdown as new products and competitors had entered in the market, he added.