ISLAMABAD, Pakistan: Pakistan’s exports to Kazakhstan and Turkmenistan stood US$ 86.10 million and US$ 1.69 million respectively in Fiscal Year (FY) 2018-19, as per the data shared with the National Assembly.
The data shared by the Minister for Commerce and Textile revealed that Pakistan’s exports to Kazakhstan remained US$ 86.10 million in FY 2018-19 against US$ 80.23 million in FY 2017-18, witnessing an increase of US$ 5.87 million.
Pakistan-Kazakhstan bilateral trade statistics are given as under:
The minister told the House that following steps are being taken by the government to increase exports to Kazakhstan in the next Financial Year 2019-20;
- A Memorandum of Understanding (MoU) has been signed between National Export and Investment Agency “KAZNEX INVEST” JSC and Trade Development Authority of Pakistan (TDAP), which stipulates cooperation for arranging exhibition, exchanging business delegations and holding seminars on trade.
- The TDAP has included the exhibition “World Food Kazakhstan, Almaty” in its exhibitions calendar for the year 2019, which can help penetration of our food products in Kazakh market.
- By the efforts of Commercial section in Almaty, a three-member delegation participated in the event of Texpo Pakistan exhibition at Lahore on April 11-14, 2019.The delegation booked orders in the sports dresses and developed business contracts.
- The commercial section has launched New Pakistani products like TAPAL, Treet Blades and Vital Tea in Kazakh market.
Pakistan-Turkmenistan bilateral trade statistics are given as under:
About Turkmenistan, the minister told that a MoU has been signed between the TDAP and the Chamber of Commerce of Industry of Turkmenistan, under which, the two sides commit to exchange business delegations on regular basis.
The minister told that Pakistan and Turkmenistan have an institutional arrangement called Joint Governmental Commission (JGC), under which, a Joint Working Group (JWG) has been established to discuss trade related issues.
The commerce and textile further told that the 5th Session of PakistanTurkmenistan JWG was held in Ashgabat, Turkmenistan on August 17-18, 2017. Through this institute, the Ministry of Commerce has been pursing Turkmen side for greater trade cooperation.