Pakistan, July 18 -- The Pakistani capital of Islamabad on Friday opened a two-day Pakistan-China health care investment conference, Pakistani state media reported, bringing together leading Pakistani pharmaceutical, health care and biotechnology companies with Chinese investors, manufacturers, technology providers and industry leaders.

China is a major ally and investor in Pakistan and has pledged over $65 billion in investment in road, infrastructure and development projects, besides several Chinese private sector manufacturers undertaking joint ventures in the South Asian country.

Pakistan, on the other hand, is trying for economic stabilization under a $7 billion International Monetary Fund (IMF) program, with policymakers increasin...