Almaty, Nov 3 (APP):Pakistan and Kazakhstan have reaffirmed their commitment to strengthening bilateral economic relations, increasing trade and exploring new investment opportunities during a meeting between Qaiser Ahmad Sheikh and Kazakhstan’s Deputy Prime Minister Sirjan Zhomangarin. During the meeting, Sheikh emphasized the need to promote business-to-business (B2B) cooperation, enhance private-sector engagement and improve banking channels to facilitate trade and investment. He highlighted opportunities in e-commerce, warehousing, textiles and mining, noting …
Pakistan, Kazakhstan seek stronger trade, investment, connectivity ties
Almaty, Nov 3 (APP):Pakistan and Kazakhstan have reaffirmed their commitment to strengthening bilateral economic relations, increasing trade and exploring new investment opportunities during a meeting between Qaiser Ahmad Sheikh and Kazakhstan’s Deputy Prime Minister Sirjan Zhomangarin.
During the meeting, Sheikh emphasized the need to promote business-to-business (B2B) cooperation, enhance private-sector engagement and improve banking channels to facilitate trade and investment. He highlighted opportunities in e-commerce, warehousing, textiles and mining, noting that Kazakhstan’s affordable energy could attract Pakistani investment in the textile sector, said a release issued here on Tuesday.
Referring to the Memorandums of Understanding (MoUs) signed during President Asif Ali Zardari’s visit to Kazakhstan in February, Sheikh stressed the need for their early implementation to translate commitments into tangible economic benefits.
Kazakhstan’s Deputy Prime Minister expressed his desire for Pakistan’s Prime Minister to visit Kazakhstan and reaffirmed his country’s commitment to strengthening bilateral relations. He emphasized the need to increase bilateral trade and said a five-year roadmap had been developed to advance cooperation.
He noted that Pakistan’s market of approximately 250 million people offered significant opportunities for Kazakhstan, while Pakistan could use Kazakhstan as a gateway to the wider Eurasian market.
The Deputy Prime Minister also highlighted the need for direct air connectivity between Pakistan and Kazakhstan to facilitate business, trade and people-to-people exchanges. He informed that Kazakhstan’s Foreign Minister would visit Pakistan to attend the preparatory meeting for the Shanghai Cooperation Organisation (SCO).
Both sides emphasized the importance of stronger connectivity, effective implementation of existing agreements and greater private-sector engagement to transform the potential of bilateral relations into concrete economic partnerships.
