Several agreements expected to be signed as Pakistani PM in Belarus

Pakistan’s Prime Minister Shehbaz Sharif is being received by Belarus Prime Minister Alexander Turchin (right) as he arrives at Minsk’s International Airport on April 10, 2025. (PID)
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Updated 11 April 2025
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Several agreements expected to be signed as Pakistani PM in Belarus

  • Corresponding with Sharif’s arrival, second Pakistan-Belarus Business Forum was held on Thursday in Minsk
  • Volume of trade between Belarus and Pakistan ranges from $50 to 65 million annually, according to foreign office data 

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif is on an official visit to the Republic of Belarus today, Friday, with several agreements to strengthen cooperation expected to be signed, the foreign office said.

During his stay, Sharif will hold talks with President Aleksandr Lukashenko to review progress in areas of mutual interest. Over the past six months, a series of high-level bilateral engagements, including the 8th Session of the Joint Ministerial Commission (JMC) in February 2025 and a subsequent visit by a high-powered mixed ministerial delegation to Belarus in April 2025, have laid the groundwork for Sharif’s visit. 
“The two sides are expected to sign several agreements to further strengthen cooperation,” the foreign office said in a weekly statement. “The Prime Minister’s visit underscores the strong and ongoing partnership between Pakistan and Belarus.”

Corresponding with Sharif’s arrival, the second Pakistan-Belarus Business Forum was held on Thursday in Minsk, marking a “significant step toward strengthening bilateral trade and economic cooperation between the two countries,” state-owned Pakistan Television reported. 

Senior government officials, business leaders and other key stakeholders from both nations attended. 

In recent years, the volume of trade between Belarus and Pakistan ranges between $50 to 65 million annually, according to foreign office data. 

“Our presence here is part of a journey that reflects the evolving and deepening partnership between our two countries,” Pakistani Commerce Minister Jam Kamal Khan said as he addressed the forum. 

He said the eighth session of the Pakistan-Belarus Joint Ministerial Commission (JMC), held earlier this year in Minsk, had opened “new avenues of cooperation” in sectors such as trade, agriculture, education, technology, and pharmaceuticals, emphasizing that both governments were committed to removing trade barriers and promoting involvement of the private sector.

Discussing potential trade opportunities, Khan identified key areas for joint ventures including textile machinery, agro-processing, pharmaceuticals, renewable energy, information technology, and e-commerce.

He also announced a recent cooperation agreement between the Trade Development Authority of Pakistan (TDAP) and the Belarusian Chamber of Commerce and Industry (BelCCI), describing it as an active platform for trade promotion and partnership development.

Khan invited Belarusian investors to explore opportunities in Pakistan’s Special Economic Zones, saying they offered attractive incentives and access to markets of over three billion people. He also noted the recent reduction in Pakistan’s energy tariffs as an additional facilitative measure for investment.

“Today’s forum is not just a ceremonial gathering but a practical advancement. We are witnessing the signing of a cooperation agreement between TDAP and BelCCI that will provide an institutional foundation. This includes participation in trade exhibitions, B2B events, exchange of market intelligence, and facilitation of sector-specific delegations,” Chief Executive of the Trade Development Authority, Faiz Ahmed, said in his address at the business forum. 

“This formal collaboration will ensure that the momentum created today translates into tangible outcomes in the coming months.”


Pakistan seeks operationalization of World Bank’s $20 billion framework to advance reform priorities

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Pakistan seeks operationalization of World Bank’s $20 billion framework to advance reform priorities

  • Pakistan’s finance chief meets World Bank Country Director Bolormaa Amgaabazar in the capital
  • The Bank’s 10-year Country Partnership Agreement for Pakistan was approved in January last year

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb on Wednesday called for the operationalization of the World Bank Country Partnership Framework (CPF) to advance the government’s key reform priorities during a meeting with the Bank’s country director, according to a statement.

The Bank’s Board of Directors approved a 10-year CPF deal with Pakistan, indicating $20 billion in financing for Pakistan under the framework. The amount will include public and private financing from the World Bank Group, with roughly half expected to come from private-sector operations led by the International Finance Corporation (IFC).

“The Finance Minister emphasized the importance of effective operationalization of the CPF, particularly in priority areas such as population management and climate change,” the finance ministry said in a statement after Aurangzeb’s meeting with the Bank’s Country Director Bolormaa Amgaabazar.

“He underscored the need for strong coordination between federal and provincial governments to ensure coherence in policy design and implementation.”

Discussions focused on population, human capital development, climate resilience, agricultural reform and energy sector sustainability, it added.

The ministry said both sides exchanged views on enhancing institutional coordination, improving transparency in project design and strengthening monitoring mechanisms to deliver intended outcomes. It highlighted that the World Bank expressed readiness to continue supporting agricultural transformation efforts in collaboration with the IFC.

“Both sides agreed to continue technical-level engagements to explore feasible solutions in line with Pakistan’s reform agenda and fiscal framework,” the finance ministry added.

Climate resilience and population control are major concerns for policymakers in Pakistan, a country whose population exceeds 241 million, making it the world’s sixth-most populous country. Limited infrastructure, health care, and educational opportunities place added strain on public services, contributing to unemployment and poverty.

The South Asian nation is also among the countries most affected by climate change. Unusually heavy monsoon rains in 2022 killed more than 1,700 people and caused over $30 billion in damages. Torrential rains and floods since late June last year have claimed more than 1,000 lives, as authorities continue surveys to assess the full extent of the destruction.