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.
OpenAI is set to launch its first European data centre under the Stargate programme, partnering with developer Nscale Global Holdings and Norwegian in...
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for i...
New Zealand’s parliament on Thursday passed legislation ending a ban on offshore oil and gas exploration, reversing a flagship policy of former Prim...
The European Commission has said it does not view imposing network fees on major technology firms as a practical solution to the ongoing debate over f...
Iranian President Masoud Pezeshkian has issued a stark warning over unsustainable water usage, cautioning that the capital Tehran could face severe sh...
OpenAI is set to launch its first European data centre under the Stargate programme, partnering with developer Nscale Global Holdings and Norwegian investment firm Aker ASA to establish a $1 billion facility in Norway, the companies announced on Thursday.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
New Zealand’s parliament on Thursday passed legislation ending a ban on offshore oil and gas exploration, reversing a flagship policy of former Prime Minister Jacinda Ardern’s government.
The European Commission has said it does not view imposing network fees on major technology firms as a practical solution to the ongoing debate over funding the expansion of 5G and broadband infrastructure across the bloc.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Kazakhstan Temir Zholy, the country's national railway company, has announced plans to construct more than 1,700 kilometers of new rail lines and upgrade 3,000 kilometers of existing ones as part of the strategic Trans-Kazakhstan Railway Corridor development.
China and the United States have agreed to extend tariff pauses and deepen economic consultations following two days of trade talks in Stockholm, Chinese Vice Premier He Lifeng said on Tuesday.
Assistant to the President of Azerbaijan and head of the Presidential Administration’s foreign policy department, Hikmat Hajiyev, has met with Ukraine’s ambassador, Yuriy Husyev.
Asian shares slipped on Thursday as disappointing Chinese economic data and a sharp fall in copper prices weighed on sentiment, while the yen firmed after the Bank of Japan held interest rates steady but raised its inflation forecast.
China and Russia will stage a joint naval exercise near Vladivostok in August, followed by a Pacific maritime patrol, Beijing’s defence ministry has announced.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment