ISLAMABAD, JAN 5 /DNA/ – Pakistan took another step toward attracting foreign investment on Sunday as 2World Traders Pakistan, a subsidiary of a Philippine pharmaceutical company, formally inaugurated its office in the federal capital, a move aimed at strengthening cooperation between Pakistan and the Philippines in the healthcare and pharmaceutical sectors.

Speaking at the ceremony, Philippine Ambassador to Pakistan Dr. Emmanuel R. Fernandez said the company’s entry into Pakistan reflected growing confidence in the country’s market and highlighted expanding economic engagement between the two countries. He noted that the establishment of a Philippine-registered pharmaceutical firm in Pakistan opened new opportunities for collaboration in healthcare delivery, supply chains and bilateral trade.

The ambassador underscored the importance of vaccines and biological products in building resilient health systems, adding that private-sector initiatives such as 2World Traders could play a constructive role in advancing public health while reinforcing economic ties between Pakistan and the Philippines.

The Islamabad office was inaugurated by Abdul Razzaq Siddiq, Owner of 2World Traders Pakistan and President of Philippines-based 2World Traders Inc. The event was attended by Dr. Imran Yusuf, Honorary Consul General of the Philippines in Karachi; Dr. Obaid Ullah, Chief Executive Officer of the Drug Regulatory Authority of Pakistan (DRAP); representatives from Shifa International Hospital, the National University of Sciences and Technology (NUST) and the Dow Institute of Life Sciences (DILS), along with senior business and industry figures.

Addressing the gathering, Dr. Obaid Ullah emphasized the need for regulatory cooperation and harmonization to facilitate pharmaceutical trade while ensuring adherence to international quality and safety standards.

Speaking on the occasion, Abdul Razzaq Siddiq said the company aimed to support Pakistan’s healthcare sector by improving access to essential vaccines and biological products, promoting technology transfer and encouraging local manufacturing. He announced plans to import key vaccines, including Tetanus Toxoid, with an initial shipment of 10 million doses to help ease supply shortages.

He added that future initiatives include the local production of anti-rabies serum in collaboration with DILS, as well as the development of anti-cancer medicines and anti-snake venom serum, particularly to serve underserved areas of Sindh and Balochistan.

Founded in 1988, 2World Traders Inc. is a distributor of vaccines and biological products in the Philippines, with operations across Asia, the Middle East, Europe and North America, supported by cold-chain facilities and manufacturing collaborations in India and China.

The opening of the Islamabad office is expected to contribute to deeper Pakistan–Philippines trade ties, greater healthcare collaboration and expanded bilateral investment.