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Pakistan, Kyrgyzstan to boost bilateral trade to $200mn in two years

Pakistan and Kyrgyzstan on Wednesday signed an agreement to increase bilateral trade volume to $200 million within two years. Addressing the agreement signing ceremony between Pakistan and Kyrgyzstan, Prime Minister Shehbaz Sharif said that the current annual bilateral trade of $16 million between Pakistan and Kyrgyzstan is extremely low. Prime Minister Shehbaz Sharif arrived in Kyrgyzstan on a…

Pakistan, Kyrgyzstan to boost bilateral trade to $200mn in two years

Pakistan and Kyrgyzstan have committed to boosting their bilateral trade to $200 million within the next two years, according to a newly signed agreement. Prime Minister Shehbaz Sharif attended the signing ceremony in Kyrgyzstan, expressing his gratitude to President Sadyr Zhaparov for converting the Memorandum of Understanding into a formal agreement.

The current annual bilateral trade between the two nations stands at a modest $16 million. The agreement also covers various sectors including security, education, environment, and technology. Additionally, both countries signed a diplomatic Programme of Cooperation, a Memorandum of Understanding between their institutes for research collaboration, and a treaty on extradition.

They have also finalized agreements on transit trade, science and technology cooperation, and mutual legal assistance in criminal matters.

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