ISLAMABAD: Pakistan and Kyrgyzstan have agreed to prepare and implement a comprehensive Action Plan aimed at gradually increasing bilateral trade turnover to USD 200 million, improving mutual trade mechanisms, supporting joint investment projects, developing industrial cooperation and expanding business activity between the two countries.
This was revealed in a Joint Statement of the Prime Minister of Pakistan Muhammad Shehbaz Sharif and President of Kyrgyzstan Sadyr Zhaparov, released by the Foreign Office here on Wednesday.
During the visit to Kyrgyzstan, the President of the Kyrgyz Republic and the Prime Minister of Pakistan held talks, during which they had a comprehensive exchange of views on the full range of Kyrgyz-Pakistan relations, as well as on topical issues of the regional and international agenda.
The two sides emphasised the important role of the Kyrgyz-Pakistan Joint Business Council in developing direct ties between the business communities of the two countries and agreed to facilitate its activities aimed at promoting bilateral trade, investment and industrial projects.
The leaders welcomed the signing of the Agreement on Cooperation between the Chamber of Commerce and Industry of the Kyrgyz Republic and the Federation of Pakistan Chambers of Commerce and Industry.
According to the joint statement, the leaders welcomed the establishment of the Tamchy Special Financial Investment Territory as a new platform of the Kyrgyz Republic for attracting international investment, modern financial technologies, innovation and global business.
They expressed interest in developing cooperation between the Tamchy Special Financial Investment Territory and financial institutions, investment funds, banks and business communities of the Islamic Republic of Pakistan, including the development of joint investment projects, financial instruments and digital solutions.
The leaders reaffirmed that further deepening of trade, economic and investment cooperation is one of the key priorities of the Kyrgyz-Pakistan partnership. In this regard, they instructed the Governments of the two countries to ensure the consistent implementation of the agreements reached during high-level visits, enhance the practical effectiveness of the Kyrgyz-Pakistan Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation, as well as ensure effective interaction among government bodies, interested organisations, financial institutions and business communities of the two States.
The sides agreed to expand industrial and investment cooperation in the fields of mining and processing industries, agriculture, food, textile and light industries, pharmaceuticals, the halal industry and digital technologies, with particular emphasis on establishing joint ventures, localising production, exchanging technologies and implementing mutually beneficial investment projects.
The leaders welcomed the signing of the Memorandum of Cooperation in the field of Virtual Assets between the National Agency for Virtual Assets and Blockchain Technologies under the President of the Kyrgyz Republic and the Pakistan Virtual Assets Regulatory Authority of the Islamic Republic of Pakistan, emphasising that this document marks a qualitatively new stage in deepening bilateral economic partnership.
The sides reaffirmed their interest in further utilising the potential of Pakistan’s seaports to expand the foreign trade and transit opportunities of the Kyrgyz Republic, develop multimodal transportation and diversify transport and logistics routes between the two countries.
Both countries reaffirmed the importance of timely implementation of the CASA-1000 project. The leaders noted with satisfaction the establishment of the Joint Working Group on Energy and instructed it to develop specific proposals for cooperation in the fields of electric power, hydropower, renewable energy sources, energy infrastructure and the introduction of modern technologies for subsequent consideration within the framework of the Kyrgyz-Pakistan Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation.
Copyright Business Recorder, 2026
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