(Tayeb Saif) A detailed meeting was held between the Federal Minister of Communications and Privatization and Investment Board Abdul Aleem Khan and the ambassador of Kazakhstan Yerzhan Kustafan to promote bilateral trade and mutual affairs.
On this occasion, Federal Minister Abdul Aleem Khan said that there are important opportunities for further expansion of investment and corridor between Pakistan and Kazakhstan and in this context common history, religion and civilization can play a key role in promoting the relations between the two countries. He said that the two countries have long-standing relations and the goverment is working on a plan to expand its highways to Central Asian countries so that these countries can have better access to PakistanS economic centers. He further said that the government is also taking steps that will enable the access of Central Asian countries to the country’s ports. The federal minister said that Pakistan wants better road infrastructure to support foreign investment and the current Under the circumstances, Pakistan’s industrial products are the best option for the countries of Central Asia. He said that for the promotion of industrial products, Pakistan should build display centers inside and outside the country so that industrial products can be displayed under one roof to the domestic and foreign business community. Will be available on this occasion Ambassador of kazakhstan Rezhan Kustafan said that the best trade and transit relations with Pakistan are in the interest of Kazakhstan.
What are the past ties between Pakistan and Kazakhstan that can influence their trade relations?
Interview with dr.Amina Bhat: Insights on pakistan-Kazakhstan Trade Relations
By Time.news Editor
Q: Dr.Bhat,thank you for joining us today. We recently learned about a meeting between Pakistan’s Federal Minister of Communications,Abdul Aleem Khan,and Kazakhstan’s Ambassador,Yerzhan Kustafan,aimed at enhancing bilateral trade. what do you see as the key opportunities for both nations in this context?
A: Thank you for having me. The meeting indeed signals a significant opportunity for both Pakistan and Kazakhstan. With both countries sharing historical, religious, and civilizational ties, there’s ample ground for expanding trade and investment. The emphasis on building better transportation corridors—like highways connecting Pakistan to Central Asia—could tremendously enhance accessibility to markets for both nations.
Q: Abdul Aleem khan mentioned promoting better road infrastructure to support foreign investment. How crucial is infrastructure advancement for enhancing trade relations, especially with Central Asian nations?
A: Infrastructure is fundamentally the backbone of trade.Improved road networks will not only facilitate smoother logistics but also attract foreign investments. Kazakhstan’s strategic location means it can act as a pivotal point for trade between South Asia and central Asia. By strengthening highways and improving port access, Pakistan can position itself as a key trade partner for Central Asian countries, presenting significant economic benefits for all involved.
Q: The minister also suggested building display centers for Pakistani industrial products, which could showcase them to both domestic and international markets. What impact could this have?
A: Establishing display centers is a strategic move that aligns with global best practices in trade promotion. Such centers would serve as hubs for exhibiting a variety of Pakistani industrial products,making it easier for foreign investors and businesses to assess quality and standards. This direct exposure will help in building trust and rapport, thus enhancing the visibility of Pakistani products in international markets.
Q: Ambassador Kustafan remarked on the importance of strong trade relations with Pakistan. How do you think this could influence Kazakhstan’s economy?
A: Stronger trade relations with Pakistan would mean diversifying kazakhstan’s economic partnerships. Currently, Kazakhstan’s economy is heavily reliant on natural resources. By fostering ties with a growing market like Pakistan, they can reduce vulnerability and tap into new sectors such as textiles, agriculture, and technology.This diversification is crucial not only for economic stability but also for innovation as both nations share resources and expertise.
Q: What practical advice would you give to businesses in Pakistan looking to enter the Central Asian market?
A: Businesses should first conduct thorough market research to understand the specific needs and preferences of Central Asian consumers. Partnerships are also essential; collaborating with local businesses can facilitate smoother entry into these markets. Establishing a presence thru trade fairs or local depiction can significantly enhance their outreach. engaging with the government’s initiatives and support systems will provide valuable resources and insights into successfully navigating these new markets.
Q: As we look ahead, what future developments should we expect in the Pakistan-Kazakhstan trade landscape?
A: I anticipate that as both nations work on their proposed strategies, we will see a gradual increase in bilateral trade volumes. If the infrastructure projects move forward as mentioned, we could see investment inflows in a variety of sectors, leading to job creation and enhanced productivity. the collaboration can yield long-term dividends not just for pakistan and Kazakhstan but for the entire region.
Q: Thank you, Dr. Bhat, for your invaluable insights into this important topic.
A: Thank you for the invitation. It’s an exciting time for trade relations in the region, and I look forward to seeing the positive outcomes of these strategic discussions.