Kazakhstan and Pakistan signed a series of trade and transit agreements during a high-level business forum in Karachi, paving the way for expanded commercial cooperation and long-term logistics development between the two countries.
Over 500 representatives from business and government gathered in Karachi for the Kazakhstan-Pakistan Business Forum, highlighting a shared commitment to strengthening economic ties. The event focused on practical partnerships, culminating in the signing of several commercial agreements.
Among the key deals was a $10 million contract between Kazakhstan’s Optima Development and Pakistan’s Friesland Campina Engro for the supply of dehydrated milk fat - a key ingredient in cheese, yogurt, and confectionery production in Kazakhstan.
“This is one of the first deals of this scale with Pakistan,” said Optima Development CEO Zhanat Basanov. “We see this not as a one-off shipment but as the beginning of a strategic, long-term partnership. With a population of 240 million, Pakistan holds enormous export potential for Kazakhstan.”
Another major milestone of the forum was the signing of a Transit Trade Agreement, granting Kazakhstan access to Pakistan’s ports of Karachi and Gwadar. This move is expected to open new transport and logistics routes and significantly deepen bilateral economic cooperation.
According to QazTrade, Kazakhstan’s trade turnover with Pakistan grew by 2.1% in 2023–2024 to $53.6 million. Kazakhstan’s exports - mostly agricultural products like onions, garlic, flax seeds, legumes, and metal structures - more than doubled to $11.8 million. Imports from Pakistan reached $41.9 million, including citrus fruits, pharmaceuticals, and textiles.
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The United States, along with its European allies, is finalizing a proposal for a 30-day ceasefire in Ukraine, with a strong warning that new sanctions will be imposed on Russia if the truce is not honored, according to a French diplomatic source on Friday.
Ten blasts were reported near Srinagar International Airport in India-administered Kashmir as tensions between India and Pakistan continue to escalate, prompting global concern over a potential wider conflict.
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China has agreed to send its top economic official for rare trade talks with the U.S. in Geneva, as deepening economic troubles and geopolitical frictions force Beijing back to the negotiating table.
The United States, along with its European allies, is finalizing a proposal for a 30-day ceasefire in Ukraine, with a strong warning that new sanctions will be imposed on Russia if the truce is not honored, according to a French diplomatic source on Friday.
Ten blasts were reported near Srinagar International Airport in India-administered Kashmir as tensions between India and Pakistan continue to escalate, prompting global concern over a potential wider conflict.
Ukraine and Hungary announced on Friday the mutual expulsion of two diplomats each, following accusations from both sides of espionage activities.
Pope Leo XIV marked his first full day as head of the Roman Catholic Church with a solemn Mass in the Sistine Chapel on Friday, just one day after his historic election as the first American pope.
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