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The commencement of medical engineering industry in Pakistan, would help the country save $1 billion in imports in three years, said Federal Minister for Science and Technology Chaudhry Fawad Hussain.

In a video statement, the federal minister said that in five years Pakistan would attain self-sufficiency in manufacturing its own medical equipment. The statement comes after Prime Minister Imran Khan on Monday inaugurated the facility of country’s first-ever indigenously made ventilators at National Radio and Telecommunication Corporation (NRTC) in Haripur.

The locally manufacturing of portable ventilators named ‘SafeVent SP100’, having the FDA/CE approval as an economical and reliable ventilator in terms of usage and safety.

Meanwhile, Fawad revealed that Pakistan imports medical equipment worth $2.1 billion each year, “we also do a $1bn service agreement with companies for operating this equipment.”

Earlier, Fawad Chaudhry on Sunday said Pakistan will have its own "big medical/electromagnetic industry" in the next three years and the United States will be its client.

"We are already exporting sanitizers and PPEs (Personal Protection Equipments) to USA (United States of America), USA gesture of friendship is appreciated, however in next three years Pakistan will have its own big medical/ electromagnetic industry and I have no doubts that USA will be our major client..." he said in a tweet.