ISLAMABAD: Pakistan and Kazakhstan have agreed to promote cooperation in various economic and technical fields during the 7th session of Pak-Kazakh Joint Ministerial Commission (JMC) here on Friday.
The 7th session of Pak-Kazakh JMC held here was co-chaired by Minister for Water and Power Syed Naveed Qamar and Vice Minister of Transport and Communication of Kazakhstan Azat Bekturov.
Both the delegates acknowledged deep historical, cultural and political relations between the two countries and expressed the hope that current momentum in translating excellent political relations into commercial and economic opportunities would further promote bilateral cooperation.
During the JMC, discussions were held on promoting cooperation in various economic and technical fields which include promotion of trade and investment, agriculture, joint venture in fields of manufacturing/SMEs, petroleum and natural resources, banking and finance, science and education, information technology, health, culture and tourism.
Both sides also agreed to encourage their respective chambers of commerce and industry to setup a Joint Business council to enhance interaction between the private sectors of the two countries.
The also finalized a Memorandum on mutual cooperation between JSC; National Agency on export and investment "KAZNEX INVEST" and Trade Development Authority of Pakistan (TDAP).
Both sides also signed a Memorandum of Understanding (MOU) on establishment of a Joint Investment Company, besides signing of an MOU for cooperation between the SMEs.
Pakistan also offered Kazakhstan to trade with the South East Asia and Middle East through Pakistani Ports and transit routes.
The Kazakh side also appreciated the proposal for a joint study.
Pakistan offered expertise of Railway Construction Pakistan Ltd. RAILCOP) and Pakistan Railways Advisory and Consultancy Services (PRACS) as well as export of Rolling Stocks.
Kazakhstan side requested to offer the specific projects in energy and petroleum sectors.
Both sides further expressed hope to intensify and promote bilateral cooperation.
Federal Minister for Water and Power Syed Naveed Qamar said that Pakistan have historical and bilateral relation with Kazakhstan and holding of JMCs would help further strengthened their relations.
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