The third round of negotiations on the Bilateral Investment Treaty (BIT) between Pakistan and Canada concluded in Islamabad, marking another step forward in efforts to strengthen bilateral economic relations and promote investment 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 appreciated the efforts of their respective negotiating teams in advancing discussions on the proposed treaty.
In his remarks, the Canadian High Commissioner appreciated the constructive engagement and dedicated efforts of both negotiating teams. He emphasized the importance of continued cooperation in developing a balanced agreement that would facilitate investment, strengthen business confidence and promote mutually beneficial economic ties between Pakistan and Canada.
Federal Minister Qaiser Ahmed Sheikh also commended the negotiating teams for their commitment, professionalism and efforts throughout the three-day round. He highlighted the significance of the Bilateral Investment Treaty in providing a predictable and transparent framework for investors, encouraging greater bilateral investment flows and further strengthening economic cooperation between the two countries.
The Minister underscored Pakistan’s commitment to fostering a conducive investment environment and expanding opportunities for Canadian investors in key sectors, including renewable energy, mining, agriculture and information technology.
During the concluding ceremony, the minutes of the negotiations were signed by the representatives of the negotiating teams of Pakistan and Canada, formally recording the proceedings and outcomes of the round.
The successful conclusion of the third round reflects the continued commitment of both countries to advancing negotiations on the Bilateral Investment Treaty and strengthening the foundation for long-term investment partnerships. The proposed treaty is expected to contribute to greater investor confidence, enhanced economic engagement and expanded opportunities for businesses in both countries.
