Pakistan, Kazakhstan agree to enhance bilateral trade, to promote investment

ASTANA: Pakistan and Kazakhstan on Wednesday agreed to enhance bilateral trade and facilitate their businessmen to promote investment in diverse areas.

Prime Minister Syed Yousuf Raza Gilani along with his Kazakh counterpart Karim Massimov witnessed the signing of the agreement at the Government House after the two leaders met and also co-chaired the delegation-level talks.

President Federation of Pakistan Chambers of Commerce and Industries (FPCCI) Senator Ghulam Ali inked the document on behalf of the Pakistan government, while Tatyana Zhdanova, Vice President Chamber of Commerce and Industry represented the Kazakh side.

The agreement aims at promoting market research, developing commercial relations and expanding projects between the two countries. It will promote trade and enhance economic and technical cooperation.

Later, President FPCCI Senator Ghulam Ali told APP that the agreement signed between Pakistan and Kazakhstan would encourage regular exchange of their business delegations, which would remove the hurdles in bilateral trade.

Ali said the interaction of businessmen would also pave way to start negotiations on relaxing visa regime for the promotion of bilateral trade. He said there was a need to exploit potential of trade between Pakistan and Kazakhstan, which was not up to the mark at present and expressed the hope that the agreement would prove a positive step in increasing the level of existing trade.

The signing ceremony was attended by Minister for Production Anwar Ali Cheema, Governor Punjab Sardar Latif Khosa, Senator Ghulam Ali (JUI), member national assembly (MNA) Qamar Zaman Kaira, Secretary Defence Lt Gen (Retd) Syed Athar Ali, Ambassador Akhtar Tufail and businessman Faisal Ahmad.

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