The negotiations aim to establish a transparent investment framework, boost investor confidence and expand Canadian investment in Pakistan’s renewable energy, mining, agriculture and IT sectors.
ISLAMABAD: Pakistan and Canada have concluded the third round of negotiations on a proposed Bilateral Investment Treaty (BIT), marking further progress towards strengthening economic relations and promoting investment cooperation between the two countries.
Federal Minister for the 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 agreement.
The Canadian High Commissioner commended the constructive engagement and dedicated efforts of both teams, emphasising the importance of continued cooperation in developing a balanced treaty.
He said the agreement would help facilitate investment, strengthen business confidence and promote mutually beneficial economic ties between Pakistan and Canada.
Qaiser Ahmed Sheikh also praised the negotiating teams for their professionalism, commitment and efforts throughout the three-day round.
He highlighted the importance of the proposed Bilateral Investment Treaty in establishing a predictable and transparent framework for investors, encouraging greater bilateral investment flows and strengthening economic cooperation.
The minister reaffirmed Pakistan’s commitment to creating 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, representatives of the negotiating teams from Pakistan and Canada signed the minutes of the negotiations, formally recording the proceedings and outcomes of the round.
The conclusion of the third round reflects both countries’ continued commitment to advancing negotiations on the proposed treaty and laying the groundwork for long-term investment partnerships.
Once finalised, the agreement is expected to support investor confidence, deepen economic engagement and create new opportunities for businesses in both countries. However, the negotiations represent progress towards a proposed treaty rather than confirmation that a final agreement has been reached.