Pakistan and Kazakhstan have agreed to set a $1 billion trade target to strengthen economic ties between the two countries. Officials said the initiative aims to boost bilateral trade in key sectors including agriculture, energy, and manufacturing.
“Pakistan, Kazakhstan Set $1 Billion Trade Target as part of efforts to enhance economic cooperation and regional trade,” said a spokesperson from Pakistan’s Ministry of Commerce. Both countries plan to focus on expanding exports and imports to achieve this goal.
The two nations discussed ways to improve trade infrastructure, reduce tariff barriers, and simplify customs procedures. Officials also highlighted opportunities in joint ventures, technology exchange, and investment in industrial projects.
Experts noted that Pakistan has significant potential to increase exports of textiles, rice, and processed foods to Kazakhstan. Similarly, Kazakhstan can expand its exports of minerals, fertilizers, and energy products to Pakistan.
“Pakistan, Kazakhstan Set $1 Billion Trade Target to encourage sustainable trade growth and mutual economic benefits,” added the spokesperson. Both sides expressed commitment to regular trade dialogues and monitoring progress toward the target.
The agreement also emphasizes transport and logistics cooperation. Improved connectivity between the two countries could reduce shipping times and costs, benefiting exporters and importers.
Industry leaders welcomed the initiative, saying it could strengthen regional trade partnerships and increase investment opportunities. The target reflects both countries’ commitment to economic growth and stronger diplomatic relations.
Officials stated that the trade target is achievable with focused efforts, policy support, and active participation from private businesses. Government agencies will provide guidance to ensure smooth implementation.
This move is seen as a milestone in Pakistan-Kazakhstan relations. By setting a clear trade goal, both nations aim to boost economic collaboration while fostering sustainable development.
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