Kazakhstan Ready to Invest in New Trade Corridors through China to Central Asia
Kazakhstan's Ambassador to Pakistan, Yerzhan Kistafin, has confirmed his country's commitment to investing in new trade corridors through China to Central Asian states. This initiative aims to replace the current challenging land routes with improved connectivity, boosting bilateral and regional trade. A key development in this effort is the upcoming two-day official visit of the President of Kazakhstan to Pakistan in the first week of November. Prior to the visit, Joint Working Groups will be established between Pakistan and Kazakhstan in the fields of Commerce and Transport.
Key Takeaways:
- Kazakhstan's Ambassador to Pakistan, Yerzhan Kistafin, has expressed his country's readiness to provide full investment for the construction of new trade corridors through China to Central Asian states.
- The initiative aims to replace the existing challenging land routes with improved connectivity, thereby boosting bilateral and regional trade.
- The President of Kazakhstan will undertake a two-day official visit to Pakistan in the first week of November, with potential major breakthroughs in bilateral relations between the two countries.
- Prior to the visit, Joint Working Groups will be established between Pakistan and Kazakhstan in the fields of Commerce and Transport.
- Kazakhstan has a strong interest in expanding bilateral trade with Pakistan and proposes improvements to the trade route from Karachi to Chaman to Kandahar.
- Federal Minister Abdul Aleem Khan assured the Kazakh Ambassador to Pakistan of his full cooperation, reiterating that Pakistan is committed to establishing trade corridors to Central Asian States through China, Afghanistan, and Iran.
- Pakistan aspires to develop an inter-country road network similar to the Karakoram Highway.
- Matters pending with the National Logistics Cell (NLC) regarding trade agreements were also discussed during the meeting.
Statistics:
- The two-day official visit of the President of Kazakhstan to Pakistan in the first week of November is a key development in enhancing bilateral relationships.
- Joint Working Groups will be established between Pakistan and Kazakhstan in the fields of Commerce and Transport prior to the visit.
- The proposed improvements to the trade route from Karachi to Chaman to Kandahar will enhance regional trade connectivity.
- Pakistan is committed to establishing trade corridors to Central Asian States through China, Afghanistan, and Iran.
- The National Logistics Cell (NLC) will play a crucial role in resolving matters pending regarding trade agreements.
Sources:
- [The statement of Kazakhstan's Ambassador to Pakistan, Yerzhan Kistafin, as reported by the Federal Minister for Communications Abdul Aleem Khan]
- [The Pakistan Federal Minister for Communications Abdul Aleem Khan's statement on Pakistan's commitment to establish trade corridors with Central Asian States through China, Afghanistan, and Iran]
- [The Federal Minister for Communications Abdul Aleem Khan's statement on the establishment of Joint Working Groups between Pakistan and Kazakhstan in the fields of Commerce and Transport]