ISLAMABAD/OTTAWA – Pakistan and Canada have reaffirmed their mutual commitment to enhancing their bilateral economic partnership, seeking new avenues for cooperation aimed at fostering prosperity for their people. The understanding was reached during a significant telephone conversation between the foreign ministers of the two nations.
According to a spokesperson from the Foreign Office, the dialogue was centered on strengthening economic bonds. Both leaders agreed on the critical importance of boosting bilateral trade and investment, recognizing the tangible benefits such growth would bring to citizens of both countries.
The discussion highlighted key sectors ripe for collaboration, particularly agriculture and mining, which hold immense potential for development. The ministers explored how joint efforts in these areas could stimulate both economies.
Furthermore, the leaders reviewed cooperation under the framework of the Foreign Investment Promotion and Protection Agreement (FIPA), an accord designed to build investor confidence and provide a secure environment for foreign investment.
In a notable development, the Canadian Foreign Minister expressed specific gratitude to his Pakistani counterpart for granting market access to Canadian canola exports. This move is being hailed as a positive milestone in the agricultural trade relationship between the two countries.
Both ministers concluded the call by reinforcing their pledge to strengthen economic ties and agreed on the necessity of maintaining close and consistent contact to ensure this positive momentum continues.
