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.
On November 2, 2020, in the conference hall of the Avari Hotel in Lahore, a business forum and a round table were held on the topic: "The future of the Kyrgyz-Pakistani bilateral relations: partnership for trade, investment and tourism."
On December 10-11, 2020, the first ever Kyrgyz-Pakistani business forum, round table and medical conference was held in Bishkek, united by a common theme: “Rethinking the Silk Road: Kyrgyzstan and Pakistan in an era of interconnectedness”.
On October 27, 2021, in Bishkek, the Embassy, in partnership with the University of Lahore and with the assistance of the Kyrgyz Union of Industrialists and Entrepreneurs, held the second Kyrgyz-Pakistani business forum “Corridors of Interconnection: Pakistan and Kyrgyzstan in the era of socio-economic integration”.
On November 30, 2021, Ambassador U. Totuyaev met with Adviser to the Prime Minister of the Islamic Republic of Pakistan on Trade and Investments in the rank of Federal Minister Abdul Razak Daoud
On December 7, 2021, Ambassador U.Totuyaev took part in a seminar organized by the Institute of Peace Studies and Diplomacy of Pakistan and Riphah International University on the topic “Exploring business, educational and tourism opportunities in Kyrgyzstan”.
On December 27-28, 2021 and February 18-22, 2022, the Embassy organized visits of delegations of businessmen from Pakistan to the Kyrgyz Republic in order to develop trade and economic cooperation between the Kyrgyz Republic and the Islamic Republic of Pakistan.
March 21-23 this year a representative of the business community of the Islamic Republic of Pakistan, a former adviser to the Prime Minister of the Islamic Republic of Pakistan on fuel issues in the rank of Minister N. Babar, visited the Kyrgyz Republic, during which he met with the Deputy Minister of Energy and Industry of the Kyrgyz Republic T. Aitaliev, Deputy Minister of Foreign Affairs of the Kyrgyz Republic A. Artykbaev , Chairman of the Board of the RKDF A. Novikov, the management of the bank "KICB" and a number of other high-ranking officials of the Kyrgyz Republic. Within the framework of the above meetings, the prospects for further cooperation in the energy, investment, trade and economic spheres were discussed, as well as guidelines for future cooperation were outlined.
In order to give a new impetus to the development of bilateral trade and economic cooperation, within the framework of the March 22-25 this year. visit of the Minister of Foreign Affairs of the Kyrgyz Republic R. Kazakbaev to the Islamic Republic of Pakistan, his meetings were organized with the leadership and honorary members of the Chamber of Commerce and Industry of Lahore (CI), as well as various other representatives of the business community of the Islamic Republic of Pakistan, during which information was brought to the attention of the Pakistani side on the trade and investment opportunities of the Kyrgyz Republic, and also expressed readiness to provide all necessary assistance in establishing and developing economic relations between the two countries.
March 31 - April 1 this year within the framework of the working trip of the Ambassador of the Kyrgyz Republic to the Islamic Republic of Pakistan U.A.Totuyaev in Bahawalpur (IRP) to participate in the annual Pakistan Mass-Wrestling Championship, meetings were organized with members of the Chamber of Commerce and Industry of Bahawalpur, and various businessmen of the region during which issues of cooperation between the Kyrgyz Republic and this region, especially in the field of agriculture, were raised.
April 19-22 this year The Embassy of the Kyrgyz Republic in the Islamic Republic of Pakistan, together with the project “Pakistan Regional Economic Integration Activity” implemented by USAID in the Islamic Republic of Pakistan, successfully held the Kyrgyz-Pakistani trade and investment forum with the participation of representatives of more than 40 Kyrgyz companies, as well as more than 100 companies of the Islamic Republic of Pakistan operating in the fields of textiles, food production nutrition, agriculture, tourism, mining, energy, etc. During the event, the participants got acquainted with the activities of Kyrgyz and Pakistani business structures, exchanged contacts and outlined guidelines for further cooperation.
As a result of the forum, several agreements were signed between various subjects of the Kyrgyz Republic and the Islamic Republic of Pakistan and, in particular, the “Memorandum of Understanding and Cooperation” between the General Directorate of the Free Economic Zone “Bishkek” and the International Special Economic Zone “Pvt. LLC”, “Memorandum of Understanding” between Bai Elim Company LLC and HAC AGRI Limited for the supply of sugar products, as well as a “Memorandum of Understanding” between Bai Elim Company LLC and SixB Food Industries (Pvt) Ltd.” for the supply of natural juices, confectionery and carbonated drinks”. According to the agreements reached as a result of the above event, in early June-July this year. it is planned to open a representative office of the Free Economic Zone of the IRP in the Kyrgyz Republic.
May 10-19 this year A delegation of businessmen of the Islamic Republic of Pakistan visited the country, during which they organized an acquaintance with the trade and economic opportunities of the Kyrgyz Republic, as well as meetings with Kyrgyz businessmen. During this visit, representatives of the Pakistani side discussed with the travel companies of the Kyrgyz Republic the possibilities of sending groups of tourists from Pakistan to Kyrgyzstan for various types of tourism, as well as holding outreach events. Preliminarily, the first groups of tourists (approximately in the amount of 5-6 people) will be sent to the Kyrgyz Republic in June-July this year.
May 24-25 this year a working visit of the Ambassador of the Kyrgyz Republic to the IRU U.A. Governor of the province of Sindh PRI S.H. Durrani, the leadership and honorary members of the Federation of Pakistan Chambers of Commerce and Industry, as well as various representatives of the business community of Karachi. The main emphasis during this visit was placed on the promotion of transport and logistics cooperation, including through the use of the potential of the seaports of Karachi to bring the products of the Kyrgyz Republic to foreign markets.
May 26-30 this year a delegation of representatives of the business circles of the Islamic Republic of Iran, working in the fields of textiles, furniture production, construction, tourism, design, retail, etc., participating in the Trade and Investment Forum in Almaty (RK), paid a visit to the Kyrgyz Republic, where they took part in the meeting Business Council of the Eurasian Economic Forum. Also during this visit, meetings were held between representatives of the PRI and the leadership of the Kyrgyz Republic.
Kyrgyz Republicsynyn Economy zhana sooda ministerligin statisticssyna ylayik, 2021-zhyly Kyrgyz Republics menen Pakistan Islam Respublikasynyn orthosundagy commodity zhүgurtүүү 8.945 million USD tuzd, anyn ichinen export - 1.205 million USD t, import - 7.743 USD t. million US dollars. 2020-zhyldyn ushul mezgiline salyshtyrmaluu sooda zhүgүrtүү 21.1% ha östu, anyn ichinde import 42.6% ha östu, export 36.8% ha azaida.
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.