Pakistan in major push to expand trade ties with Central Asian states

Pakistani Commerce Minister Jam Kamal Khan (left) meets Kazakhstan Ambassador Yerzhan Kistafin (second left) in Islamabad, Pakistan on April 5, 2024. (@jam_kamal/X)
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Updated 05 April 2024
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Pakistan in major push to expand trade ties with Central Asian states

  • Pakistan seeks to leverage its geostrategic location to connect Central Asian states with the rest of the world
  • The country has invested in infrastructure projects like roads, railways and pipelines, eyeing economic connectivity

ISLAMABAD: Pakistan has been looking to strengthen its trade relations with Central Asian states, including Kazakhstan and Azerbaijan, the Pakistani state media reported on Friday, after Pakistani officials met envoys of two Central Asian republics in Islamabad.

In the first instance, Kazakhstan Ambassador Yerzhan Kistafin held a meeting with Pakistani Commerce Minister Jam Kamal Khan in Islamabad.

"The meeting focused on strategies to increase the trade volume between the two countries," the state-run Radio Pakistan broadcaster reported.

"Both the dignitaries deliberated on the establishment of road maps and improving connectivity to facilitate trade operations."

Separately, Pakistani Industries and Production Minister Rana Tanveer met with Azerbaijan's envoy in Islamabad.

"Development of the industries and agriculture is government's top priority," Tanveer was quoted as saying by Radio Pakistan. "He said practical steps are being taken to bolster exports."

During the meeting, the Azeri ambassador emphasized the need for working together in areas of mutual interest.

Earlier this week, Pakistan opened its trade gateway to Central Asia with first potato shipment to Tajikistan.

Pakistan has aimed to enhance its role as a pivotal trade and transit hub connecting the Central Asian republics with the rest of the world, leveraging its strategic geographical position.

The country has invested in infrastructure projects like roads, railways and pipelines while seeking greater economic connectivity under the China-Pakistan Economic Corridor (CPEC) initiative.


Pakistan’s Zardari meets UAE vice president, discusses increasing trade, investment cooperation

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Pakistan’s Zardari meets UAE vice president, discusses increasing trade, investment cooperation

  • Asif Ali Zardari explores cooperation opportunities in infrastructure, logistics, food security, says president’s office 
  • Pakistan’s president arrived in UAE on Monday to review trade, economic and investment ties with the Gulf country 

ISLAMABAD: Pakistan’s President Asif Ali Zardari met UAE Vice President Sheikh Mohammed bin Rashid Al Maktoum at Dubai’s Zabeel Palace on Wednesday, Zardari’s office said, during which the two sides discussed ways to expand trade, investment and economic cooperation.

Zardari arrived in the UAE on Monday with a high-level delegation for a four-day official visit to the Gulf country. The Pakistani president met his UAE counterpart Sheikh Mohammed bin Zayed Al-Nahyan in Abu Dhabi on Tuesday, where the two sides explored new opportunities in trade, investment and other sectors. 

“The two leaders discussed ways to further strengthen bilateral relations, with a focus on expanding economic, trade and investment cooperation between Pakistan and the UAE,” the Pakistani president’s office said in a statement about Zardari’s meeting with Maktoum. 

It said Zardari praised Dubai’s “remarkable transformation” into a global center for tourism, finance and emerging technologies during the meeting. 

The statement said both sides exchanged views on benefiting from Dubai’s development experience, particularly in ports, logistics, infrastructure, information technology and digital financial services.

“The president highlighted Pakistan’s ongoing economic reforms, including investment facilitation and privatization, and explored opportunities for enhanced cooperation with the UAE in infrastructure development, logistics, food security and technology-driven sectors,” Zardari’s office said. 

The two leaders reaffirmed their commitment to further strengthening fraternal ties between Pakistan and the UAE, the statement said. 

First Lady Aseefa Bhutto-Zardari, Pakistan Peoples Party Chairman Bilawal Bhutto-Zardari, Interior Minister Mohsin Naqvi and Pakistan’s ambassador to the UAE took part in the meeting. 

Pakistan and the UAE maintain close political and economic relations, with Abu Dhabi playing a pivotal role in supporting Islamabad during periods of financial stress through deposits, oil facilities and investment commitments.

The UAE is Pakistan’s third-largest trading partner, after China and the United States, and a key destination for Pakistani exports, particularly food, textiles and construction services.

The Gulf state is also home to more than 1.5 million Pakistani expatriates, one of the largest overseas Pakistani communities in the world, who contribute billions of dollars annually in remittances, a crucial source of foreign exchange for Pakistan’s economy.