Karachi: In a significant step towards enhancing bilateral trade, Pakistan and Kazakhstan signed key cooperation agreements worth an estimated USD 140.8 million during a business forum and B2B meetings held in Karachi on Monday.
The Pakistan-Kazakhstan Business Forum, hosted at the Marriott Hotel, attracted over 300 participants, including more than 100 Kazakh government officials and business leaders. The event also saw the participation of representatives from over 200 Pakistani companies spanning diverse sectors such as agriculture, food processing, logistics, and construction.
Key figures at the forum included Minister for Commerce Jam Kamal Khan, Prime Minister’s Coordinator on Commerce Ihsan Afzal Khan, Trade Development Authority of Pakistan (TDAP) Chief Executive Faiz Ahmad, and TDAP Secretary Sheryar Taj. The Kazakh delegation was led by Kazakhstan’s Minister of Transport.
The forum featured around 500 business-to-business meetings, aimed at fostering trade partnerships and facilitating future collaborations. Two memoranda of understanding (MoUs) were signed during the event. The first agreement involved Friesland Campina Engro Pakistan Limited’s supply of anhydrous milk fat (AMF) to Optima Development Kazakhstan, marking a key step in strengthening trade in the food processing sector.
The second MoU focused on mutual cooperation between the Governor’s Office of Kyzylorda Region in Kazakhstan, Ghani Global Group from Karachi, and Euroglass Industries LLP of Kyzylorda, emphasizing collaboration in the construction and manufacturing sectors.
Officials hailed the event as a vital milestone in strengthening economic ties between the two countries. They emphasized that this forum would pave the way for deeper trade engagement and collaboration across multiple industries. Follow-up initiatives are expected later this year to ensure the continued growth of bilateral business relations. Both sides expressed optimism about the potential for increased trade and investment, with Kazakhstan’s growing interest in Pakistani goods and services, and Pakistan looking to expand its export opportunities in Central Asia.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
