Trade and Economic Cooperation

The current level of bilateral trade and economic cooperation is considered low and does not fulfill the existing potential of the two countries. Kyrgyz-Pakistani Joint Ministerial Commission on Trade and Economic Cooperation is operating to promote the development of trade and economic cooperation. The protocol on establishment of Kyrgyz-Pakistani Joint Ministerial Commission was signed in 1994. Three Joint Commission meetings were held in 2003, 2007 and 2017. Third Session of the Kyrgyz-Pakistani Joint Commission was held in Islamabad on January 11-12, 2017, co-chaired by the Minister of Economy of the Kyrgyz Republic Arzybek Kozhoshev and Federal Minister for Water and Power of Pakistan Khawaja Muhammad Asif, which led to signing of the Final Protocol of the Third Meeting of the Joint Ministerial Commission.

 

The Embassy facilitated a business visit on October 4-8, 2019 of Pakistani business delegation of seven representatives from Gourmet Foods Company to Kyrgyzstan to study investment and export opportunities. During the visit, Pakistani businessmen met with leaders of small and medium size businesses, Ministry of Transport and Roads, Department of Tourism of the Ministry of Culture, Information and Tourism, Agency for Promotion and Protection of Investments, State Tourism Company, Bishkek Free Economic Zone to explore investment opportunities in Kyrgyzstan and conduct negotiations.

The Embassy in collaboration with the Ministry of Economy of the Kyrgyz Republic held seminars for Kyrgyz specialists on transition to the Registered Exporter System (REX) to benefit from Pakistan’s experience in exporting products to the European Union using GSP+. Pakistani expert Kamal Shahriyar visited Kyrgyzstan in July and September 2019.

Ambassador Erik Beishembiev visited cities of Gujranwala and Lahore of Punjab Province on December 7-10, 2019 where he met with Mayor of Lahore Maleeha Lodhi, Chamber of Commerce members and entrepreneurs. 

Ambassador Erik Beishembiev visited Lahore of Punjab Province on May 30, 2020 to meet the President of Lahore Chamber of Commerce and Industry Irfan Iqbal Sheikh along with other honored members of the chamber.

 

According to data of the Ministry of Economy of the Kyrgyz Republic, trade between Kyrgyzstan and Pakistan in January to September 2019 amounted to 4.7 million US dollars, consisting of exports – 0.6 million USD, imports – 4.1 million USD. Compared to the same period of 2018, the trade volume increased by 14.9%, including increase in imports of 3.6% and in exports by 4.2 times.

Imports from Pakistan to Kyrgyzstan were pharmaceuticals, textiles, food and agricultural products (rice, tea, citrus fruits, and vegetable oil), etc. while exports to Pakistan were beans, livestock and tanned leather.