Pakistan invites Cambodian businesses to invest in agriculture, tourism, textile sectors

Pakistan’s commerce minister Jam Kamal Khan (center) speaks during the inaugural session of the Pakistan-Cambodia Joint Trade Committee in Phnom Penh, Cambodia, on January 21, 2025. (Commerce Ministry)
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Updated 21 January 2025
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Pakistan invites Cambodian businesses to invest in agriculture, tourism, textile sectors

  • Commerce Minister Jam Kamal attends inaugural Pakistan-Cambodia Joint Trade Committee in Phnom Penh
  • Pakistan and Cambodia’s bilateral trade of goods and services valued at $45.5 million, says commerce ministry

ISLAMABAD: Pakistan’s Commerce Minister Jam Kamal Khan on Tuesday invited Cambodian businesses to explore investment opportunities in the country’s agriculture, textiles, pharmaceuticals and tourism sectors, his ministry said, as Islamabad eyes foreign investment to ward off a prolonged economic crisis. 

The development took place as both sides took part in the inaugural session of the Pakistan-Cambodia Joint Trade Committee (JTC) in Phnom Penh. 

Khan arrived in Cambodia on Jan. 19 for a three-day official visit to the country to engage in bilateral trade talks amid Islamabad’s push to seek closer trade ties as it targets sustainable economic growth. 

“Pakistan’s Minister for Commerce highlighted Pakistan’s strategic location, growing economy and investment-friendly policies, inviting Cambodian businesses to explore opportunities in agriculture, textiles, pharmaceuticals and tourism,” Pakistan’s Commerce Ministry said. 

The minister stressed Pakistan’s efforts to improve ease of doing business and its potential as a gateway to key markets in South Asia, Central Asia and the Middle East.

The ministry further said Khan and Cambodian Commerce Minister Cham Nimul discussed mutual interests such as trade, health, banking, agriculture, aviation and customs. 

She appreciated the first JTC meeting between the two sides and expressed interest in visiting Pakistan for the second JTC meeting after Khan extended her a formal invitation. 

Nimul called for exploring joint ventures to leverage regional opportunities, highlighting Cambodia’s market access within the Association of Southeast Asian Nations (ASEAN) region, Pakistan’s commerce ministry said. 

“Both countries also expressed interest in MoUs for aviation, banking, and customs cooperation,” the statement said. 

“With bilateral trade currently valued at $45.5 million, both sides acknowledged significant untapped potential and committed to building stronger ties.”

The ministry said both sides will appoint focal persons to expedite negotiations for signing MoUs aimed at enhancing cooperation. 

Additionally, Pakistan and Cambodia also agreed to share trade-related information, organize trade delegations and facilitate their respective business communities.


Bangladesh leader pushes for SAARC revival after meeting Indian, Pakistani dignitaries

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Bangladesh leader pushes for SAARC revival after meeting Indian, Pakistani dignitaries

  • Muhammad Yunus met Pakistan’s parliamentary speaker, Indian FM at Khaleda Zia’s funeral on Wednesday
  • SAARC has been dysfunctional since 2016, after India withdrew following a militant attack it blamed on Islamabad

ISLAMABAD: Bangladesh Chief Adviser Muhammad Younus this week pushed for reviving the South Asian Association for Regional Cooperation (SAARC) platform after meeting dignitaries from India, Pakistan and other parts of the region. 

SAARC has been effectively dysfunctional since 2016, when its planned Islamabad summit collapsed after India withdrew following a militant attack it blamed on Pakistan. Islamabad denied involvement, but New Delhi’s decision prompted Afghanistan, Bangladesh and Bhutan to pull out, leading to the indefinite postponement of the summit.

Younus met Pakistan’s National Assembly Speaker Ayaz Sadiq and Indian External Affairs Minister Subrahmanyam Jaishankar at former Bangladesh premier Khaleda Zia’s state funeral in Dhaka on Wednesday. The funeral also saw a handshake between the Indian and Pakistani representatives, the first high-level contact between officials of the two countries since their conflict in May. 

“During the meetings, Professor Yunus repeatedly emphasized the need to revive the South Asian Association for Regional Cooperation (SAARC),” Yunus’ account on social media platform X said.

“We witnessed a true SAARC spirit at the funeral yesterday,” the account quoted Yunus as saying. “SAARC is still alive. The SAARC spirit is still alive.”

The Bangladesh leader said apart from Jaishankar and Sadiq, representatives from South Asia who attended the funeral included Nepal’s Foreign Minister Bala Nanda Sharma, Sri Lanka’s Minister of Foreign Affairs, Employment and Tourism Vijitha Herath, and Maldives Minister of Higher Education and Labor Ali Haider Ahmed. 

Yunus said he tried to convene an informal gathering of SAARC leaders on the sidelines of the UN General Assembly in New York last year.

His statement to revive SAARC follows that of Pakistan’s Prime Minister Shehbaz Sharif, who earlier this month also called for reviving the South Asian platform. 

Sharif’s message last month came as the bloc marked the 40th anniversary of its founding charter. The Pakistani premier stressed the importance of deeper economic collaboration and collective responses to shared regional challenges such as poverty, climate-induced natural disasters, food and energy insecurity, and public-health vulnerabilities.