Pakistan and Canada have committed to resuming negotiations on a bilateral investment agreement at the earliest opportunity, a key outcome from a high-level meeting held on Wednesday to bolster economic ties.
The discussions took place between Federal Minister for Board of Investment (BOI), Qaiser Ahmed Sheikh, and the Canadian High Commissioner to Pakistan, H.E. Mr. Tarik Ali Khan. The dialogue was also attended by Minister for Culture, Mr. Aurangzeb Khichi, and senior BOI officials.
Minister Sheikh welcomed the Canadian delegation, describing the expanding trade volume between the two nations as encouraging. He specifically highlighted Canada”s significant advancements in the canola trade as a strong illustration of deepening commercial cooperation.
The Federal Minister briefed the envoy on Pakistan’s investment climate, outlining the role of the Investment and Business Facilitation Centre and detailing ongoing regulatory reforms. He also drew attention to the financial incentives available within the country”s Special Economic Zones (SEZs), designed to improve the ease of doing business.
The Canadian High Commissioner acknowledged existing Canadian corporate interests in Pakistan, citing JCM Power as a prominent example of a Canadian firm operating in the country. He underscored the need for continued collaboration in the energy sector and other priority areas.
Both parties identified several key sectors with significant potential for future investment, including agriculture, minerals, manufacturing, digitalisation, and green energy, designating them as areas of mutual interest.
Separately, Minister for Culture Mr. Aurangzeb Khichi emphasised the importance of augmenting cultural cooperation between the two countries, highlighting various opportunities for collaborative initiatives.
Minister Sheikh asserted that it is an opportune moment for investment in Pakistan, describing the nation as an attractive destination for capital. He reassured the delegation of the government”s full commitment to facilitating and supporting foreign investors, with the Board of Investment dedicated to promoting sustainable, long-term economic partnerships.