Kazakhstan and Pakistan to intensify cooperation
Kazakhstan and Pakistan intend to intensify trade and economic cooperation.
Currently, Islamabad paid particular importance to the development of bilateral relations with Kazakhstan, particularly in the field of transport, trade, energy and investment.
Pakistan supplies pharmaceutical products, vegetables, fruits and textiles to Kazakhstan while importing equipment, transformers, coal and metals from Kazakhstan.
The Ambassador of the Islamic Republic, Imtiaz Ahmad Kazi said that the two countries have a great potential to increase trade activities.
One of the factors to achieve this is by the launch of direct air connection between the countries.
“Let me acknowledge that previous year, 2017-2018, this trade was 64 million of our export and 7.8 million of our import. So it was somewhere between 72 million. It has increased by 34 percent than the previous year,” said Ambassador.
Kazakhstan actively implements the Nurly Zhol transport and logistics program.
The country is interested in the capacities of the seaports in Pakistan such as Gwadar and Karachi. The ports are an opportunity for the landlocked country to enter into the Middle East and Europe markets.
There is an agreement signed between Pakistan, Kazakhstan, Kyrgyzstan and China. It is called a ‘Quadripartite Transit Agreement’ since 1995. The document began to operate in 2003. Now Tajikistan shows interest.
“I think that we should intensify cooperation. We are also developing the port of Gwadar in Pakistan, the Balochistan province, which will open access to new markets for Kazakhstan and Central Asian countries. I think it will become the largest and most significant port for Central Asia,” added Imtiaz Ahmad Kazi.
Great prospects are also opening up for the implementation of the China-Pakistan Economic Corridor project as part of the Belt and Road Initiative.
The diplomat said that the intensification of cooperation in the project will increase the trade between the countries.