ISLAMABAD: Minister for National Economy, Republic of Kazakhstan A. Kuantyrov said that Kazakhstan was willing to strengthen lasting and long-term economic and trade relations with Pakistan. He said that Pakistan and Kazakhstan are engaged in mutual discussions for long-term economic partnership, which would pave way for economic and trade cooperation between two countries in future.

Briefing to international media in Astana, Kazakhstan he said, Pakistan has engines of growth like Karachi, Lahore and Faisalabad with which businessmen of Kazakhstan can get benefits from business connections, said a press release issued here.

1. Kuantyrov said that Pakistan and Kazakhstan could play an important role in regional Economic and trade Integration, for which negotiations were going on in both countries. He said that Pakistan and Kazakhstan had opportunities for economic and trade cooperation in many sectors including textile, agriculture and energy.

He said that volume of mutual trade between Pakistan and Kazakhstan was much less than its potential, which needed to be further increased.

He said that regional trade was very important without which dream of economic prosperity in region would not be realized. He said that concept of middle corridor was very important for regional connectivity from which all regional economies could get benefits.

Minister said that Kazakhstan is currently in trade balance and “We are striving for sustainable development for which we are working on stable economic policies.” He said that they were following policy of developing their country’s current geo-political position for geo-economic benefits. 

He said that revenue collection, food security and Small and Medium Enterprises were pillars of our economic policies.

He said that currently, 45 percent women were working in SME sector, adding that government was trying for maximum Foreign Direct Investment in Kazakhstan and there was already investment in Kazakhstan from European Union and Pacific countries.

Published in The Daily National Courier, March, 27 2023

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