Pakistan, Canada advance BIT talks

ISLAMABAD:

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 economic relations and promote investment cooperation between the two countries.

Federal Minister for Board of Investment Qaiser Ahmed Sheikh and Canadian High Commissioner Tariq Ali Khan attended the concluding session, where both sides appreciated efforts of their respective negotiating teams in advancing discussions on the proposed treaty.

In his remarks, the high commissioner appreciated the constructive engagement and dedicated efforts of the negotiating teams. He emphasised the importance of continued cooperation in developing a balanced agreement that would facilitate investment, strengthen business confidence and promote mutually beneficial economic ties.

Federal Minister Qaiser Ahmed Sheikh 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.