Pakistan Kazakhstan Trade Target Announced After State Visit
Pakistan Kazakhstan Trade relations entered a new phase as both countries agreed to raise bilateral trade to one billion dollars following the conclusion of the Kazakh president’s state visit to Islamabad.
President Kassym Jomart Tokayev visited Pakistan on the invitation of Prime Minister Shehbaz Sharif and was welcomed with a ceremonial guard of honour at the Prime Minister’s House.
Pakistan Kazakhstan Trade Agreements Signed
During the visit, Pakistan Kazakhstan Trade cooperation was strengthened through the signing of over thirty memoranda of understanding across multiple sectors.
These agreements covered key areas including petroleum, mining, maritime affairs, logistics, and economic cooperation, reflecting the broad scope of engagement between the two countries.
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Volume to Expand Rapidly
Speaking at a joint press conference, Prime Minister Shehbaz Sharif said the current trade volume of around 250 million dollars does not reflect the true economic potential between Pakistan and Kazakhstan.
He urged both governments and the private sector to work together to achieve the new Pakistan Kazakhstan Trade target of one billion dollars within the next year.
Trade Talks Focus on Connectivity
Both leaders held one on one and delegation level meetings focusing on improving connectivity and facilitating smoother trade flows.
Discussions included regional integration, transport corridors, investment opportunities, and enhancing institutional coordination to support long term Pakistan Kazakhstan Trade growth.
Trade Cooperation Beyond Economics
In addition to economic matters, both sides agreed to strengthen people to people contacts and regional logistics cooperation.
President Tokayev also planted a commemorative sapling at the Prime Minister’s House, symbolizing the deepening bilateral relationship between Pakistan and Kazakhstan.
Historical Context Pakistan Kazakhstan Trade Relations
Pakistan Kazakhstan Trade ties have gradually expanded since the establishment of diplomatic relations in the early 1990s.
While cooperation remained limited for years, recent regional connectivity initiatives and growing Central Asia South Asia engagement have opened new opportunities for trade and investment between the two countries.
The one billion dollar trade target marks the most ambitious step so far in Pakistan Kazakhstan economic relations.
External Reference
For official government statements and bilateral updates, visit
Ministry of Foreign Affairs Pakistan
https://mofa.gov.pk
Frequently Asked Questions
What is the new Pakistan Kazakhstan Trade target
The new target is one billion dollars in bilateral trade.
What is the current trade volume between Pakistan and Kazakhstan
Current trade stands at approximately 250 million dollars.
Which sectors were covered in the agreements
Key sectors include petroleum, mining, maritime affairs, logistics, and trade facilitation.
Who announced the Pakistan Kazakhstan Trade target
Prime Minister Shehbaz Sharif announced the target during a joint press conference.
Why is Kazakhstan important for Pakistan trade
Kazakhstan offers access to Central Asian markets and strategic connectivity opportunities.
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