Akchabarsearch

Published

10/17/2024, 08:20

Trade turnover between Kyrgyzstan and Pakistan may reach $500 million in the medium term

As part of his working visit to Islamabad, Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Zhaparov met with Prime Minister of Pakistan Shehbaz Sharif. 

He noted the significant untapped potential in trade and economic cooperation between the Kyrgyz Republic and Pakistan. The Head of the Cabinet of Ministers expressed confidence that the current trade turnover of $20 million can be increased to $100 million next year, and in the medium term to reach $500 million.

Particular attention was paid to the recently signed quadripartite agreement on goods transit transport between Pakistan, China, Kyrgyzstan and Kazakhstan, which opens a sea outlet for our country through Pakistan. Akylbek Zhaparov said the Karakoram Highway should be developed as soon as possible to increase its capacity.

He also emphasised the improvement of the investment climate in Kyrgyzstan and proposed to set up the Kyrgyz-Pakistani Business Council to strengthen ties between entrepreneurs of both countries with the first meeting to be held in our country.

Shehbaz Sharif, in turn, expressed gratitude to the Kyrgyz Republic for Pakistan's support in the election of a non-permanent member of the UN Security Council for 2025-2026 and emphasised interest in expanding bilateral cooperation.

Akylbek Zhaparov invited the Prime Minister of Pakistan to visit Kyrgyzstan at any time convenient for him.

Read Similar

  • Mining profitability has fallen: how miners in Kyrgyzstan can maintain their efficiency

    Private miners in Kyrgyzstan have faced a decline in profitability against a backdrop of market turbulence. Several factors are affecting the profitability of cryptocurrency mining: a fall in the price of Bitcoin relative to its annual highs, a reduction in transaction fees and a drop in the hashprice index — one of the key indicators of mining profitability.
    7/2/2026, 8:52:04 AM

  • The proportion of non-performing loans in the non-bank financial sector has risen

    The proportion of non-performing loans in Kyrgyzstan’s non-bank financial sector has increased. By the end of the year, this figure had risen from 5% to 7.5% of the loan portfolio of non-bank financial and credit organisations.
    7/2/2026, 6:53:10 AM

  • The number of officially unemployed citizens in Kyrgyzstan has fallen

    The number of people officially registered as unemployed in Kyrgyzstan is gradually falling. According to the Ministry of Labour, Social Security and Migration, as of 1 May 2026, 38,700 people were registered with employment services. This is 18.2 per cent fewer than a year earlier. Overall, the number of unemployed citizens seeking work through state bodies has also fallen to 60,200.
    7/2/2026, 6:42:30 AM

  • The tenge has officially changed its name

    With effect from 1 July 2026, the official spelling of the national currency in Russian has been changed from ‘тенге’ to ‘теңге’ in Kazakhstani legislation. The relevant amendments have been made to the Tax Code and a number of regulatory documents issued by the National Bank.
    7/2/2026, 4:22:52 AM