Empowering Healthcare Innovation Through Strategic Reforms

Pakistan’s medical device industry is on the brink of transformation—but it needs a push. Industry experts are calling on the government to introduce tax relief and policy reforms that could unlock the sector’s full potential.

The demand for locally manufactured medical equipment is rising. Yet, high import duties and regulatory hurdles continue to stifle growth. Stakeholders argue that without targeted support, Pakistan will remain dependent on foreign suppliers, limiting access to affordable healthcare solutions.

At a recent seminar hosted by the Lahore Chamber of Commerce and Industry (LCCI), professionals from across the healthcare and manufacturing sectors emphasized the urgency of reform. They highlighted how tax incentives and streamlined regulations could encourage domestic production and attract foreign investment.

One of the key concerns raised was the lack of a dedicated regulatory framework for medical devices. Experts believe that establishing clear standards and certification processes would not only improve product quality but also enhance Pakistan’s competitiveness in global markets.

The potential for exports is another compelling reason to act. With the right infrastructure and policy backing, Pakistan could become a regional hub for medical technology. This would not only boost the economy but also create jobs and strengthen the country’s healthcare system.

Public-private partnerships were also discussed as a vital component of industry growth. Collaboration between government bodies and private manufacturers could lead to innovative solutions tailored to local needs, especially in underserved areas.

Ultimately, the message was clear: Pakistan’s medical device sector is ripe for development. But to realize its promise, the government must step in with meaningful tax relief, regulatory clarity, and strategic investment incentives.

By fostering a supportive environment, Pakistan can empower its medical device industry to deliver cutting-edge solutions, improve patient outcomes, and contribute to long-term economic resilience.