Islamabad, 28 September 2022 (TDI): Federal Minister of Pakistan for Commerce and Investment Syed Naveed Qamar virtually held a meeting with Kazakhstan’s Deputy Prime Minister and Minister of Trade and Integration; Serik Zhumangarin.

The meeting took place on Wednesday where Syed Naveed Qamar stated that Pakistan and Kazakhstan should improve economic and connectivity cooperation, as well as the development of a long-lasting and mutually beneficial partnership.

According to the Minister, relations between Pakistan and Kazakhstan have a long history and are founded on respect.

He went on to say that “I am also delighted to note that the bilateral trade between our countries has been constantly increasing for the last eight years. But the bilateral trade volume between the two sides is not commensurate with the actual potential.”

Furthermore, he underlined the intention of the Pakistani administration to increase trade and the two nations’ mutually beneficial relationship.

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The Minister also made a cost-effective offer to the traders from Kazakhstan to use Pakistani sea ports to transport their goods to several locations around the globe.

Along these lines, Syed Naveed Qamar said “I strongly believe that increased connectivity, lowering trade barriers, facilitating investments and joint ventures, exchange of technologies and enhanced B2B G2G engagement between our countries will enhance bilateral trade and investment and this meeting is just the start”.

While Kazakhstan’s Deputy Prime Minister on his part agreed that both countries have great prospects in bilateral trade.

He also consented to the future exchange of corporate and technical delegations in order to examine possibilities and strategies for enhancing bilateral trade between the nations, particularly in the areas of agriculture, gas, and coal.

Serik Zhumangarin also conveyed his condolences for the current flood-related crisis in Pakistan, expressed his sincere sorrow over the loss, and pledged his support during this trying time.

Additionally, he extended an invitation to the Federal Minister of Commerce to visit Kazakhstan. The Federal Minister responded with thanks and a commitment to do so soon.

Likewise, Federal Secretary for Commerce Muhammad Sualeh Ahmad Faruqui endorsed the viewpoint of Kazakhstan’s Trade Minister and stated that both parties must cooperate to strengthen government-to-government and cross-forum exchanges to fully realize the potential.