Pakistan, Kazakhstan can cooperate through CPEC trade route

While speaking at the Lahore Chamber of Commerce and Industry (LCCI), Ambassador of Kazakhstan to Pakistan Yerzhan Kistafin said that cooperation between the two countries can prove to be beneficial for the entire region. The ambassador also highlighted that Pakistan is an attractive market for foreign investors and bilateral economic cooperation between the two countries will prove to be beneficial. He also called for reactivating the Kazakhstan and Pakistan Business Council and said that the Kazakh president will visit Pakistan next year. For trade, he said the rail and road link between Pakistan and China, being built under CPEC, can be used between Pakistan and Kazakhstan as well.

Cooperation between Pakistan and Kazakhstan would be beneficial for the entire region, a diplomat said.

Speaking at a meeting at the Lahore Chamber of Commerce and Industry (LCCI), Ambassador of Kazakhstan to Pakistan Yerzhan Kistafin stressed the need for taking steps to enhance the volume of bilateral trade.

LCCI President Mian Nauman Kabir, vice president Haris Ateeq and executive committee members were present on the occasion.

The ambassador said Pakistan was an attractive market for foreign investors, adding that Prime Minister Imran Khan had discussed the prospects of bilateral economic cooperation during the meeting with the Kazakh president in Dushanbe.

The Kazakh president would visit Pakistan next year, he said, adding that Pak-Kazakh Inter-governmental Commission has agreed to establish three working groups on cooperation in economy, energy, and regional connectivity. The sessions of the working groups would be convened this month, he added.

“Being a landlocked country, we understand the importance of regional connectivity. Afghanistan can be a beneficiary of trade between Pakistan and Kazakhstan,” the ambassador said. The exchange of television programs could help get knowledge of each other’s traditions, festivals, and cultures.

The ambassador emphasized the need for direct communication between the businessmen and people of the two countries.

He also called for reactivating the Kazakhstan and Pakistan Business Council.

The private sectors of the two countries should go for joint ventures in textiles, pharmaceuticals, agriculture, education, and other sectors of the economy, the ambassador said, adding that Pakistan could also get access to other countries through Kazakhstan.

Kabir said that the two countries enjoyed strong diplomatic, historical, religious, and political linkages. “We need to look for untapped trade potential to become key trading partners. Pakistan can enhance exports in the areas of pharmaceuticals, value-added textiles, leather items, auto parts, ceramics, and furniture,” he said.

Haris Ateeq said that more tradable items should be identified while keeping in view the market demands.

“There is a need to increase people-to-people contact through trade delegations to help business matchmaking and linking potential buyers and suppliers. Both countries need to work for establishing a cost-effective transport system. Rail and road network up-gradation under the China-Pakistan Economic Corridor (CPEC) can be utilized for this purpose, as China and Kazakhstan share a long border,” he added.