Pakistan, Canada advance investment treaty talks to boost bilateral economic ties
Celina Ali
Islamabad: Pakistan and Canada this week advanced negotiations on a proposed Bilateral Investment Treaty (BIT), with the conclusion of the third round of talks marking a step towards strengthening investor confidence, expanding investment flows and deepening economic cooperation between the two countries.
Federal Minister for Board of Investment Qaiser Ahmed Sheikh and Canadian High Commissioner to Pakistan Tariq Ali Khan attended the concluding ceremony, where both sides acknowledged the constructive engagement and efforts of their respective negotiating teams during the three-day round.
The Canadian high commissioner appreciated the commitment of both teams and stressed the importance of continued cooperation to develop a balanced agreement that could facilitate investment, enhance business confidence and promote mutually beneficial economic relations.
Qaiser Ahmed Sheikh also commended the negotiating teams for their professionalism and dedication, emphasising that a Bilateral Investment Treaty could provide investors with a predictable and transparent framework for investment decisions.
He said Pakistan was committed to improving its investment climate and creating greater opportunities for Canadian investors in key sectors, including renewable energy, mining, agriculture and information technology.
The minister highlighted the potential of stronger investment ties to support economic cooperation, encourage business partnerships and open new avenues for collaboration between Pakistani and Canadian enterprises.
During the concluding ceremony, representatives of the negotiating teams from both countries signed the minutes of the negotiations, formally documenting the proceedings and outcomes of the latest round.
The conclusion of the third round reflects the continued engagement of Pakistan and Canada in advancing discussions on the proposed treaty and establishing a stronger foundation for long-term investment partnerships.
Once finalised, the agreement is expected to support investor confidence, facilitate cross-border investment and expand commercial opportunities in both countries. The negotiations mark continued progress towards a framework aimed at strengthening bilateral economic engagement and encouraging greater participation by businesses in each other’s markets.