Economic integration

Regional economic integration with the CAR is the key to development and prosperity: Envoy from Kyrgyzstan

ISLAMABAD, Aug 22 (APP): Ambassador of the Republic of Kyrgyzstan to Pakistan Ulanbek Totuiaev said on Sunday that regional economic and trade integration through connectivity with the Central Asian Republics (CAR) is key development and prosperity throughout the region.

The Ambassador said that peace and socio-political harmony in Afghanistan is important for prosperity across the region, something Kyrgyzstan has dreamed of as well, including all countries in the region.

The Ambassador said this while addressing prominent businessmen and former Presidents of the Islamabad Chamber of Commerce (ICCI) Zafar Bakhtawari and Ahsan Bakhtawaria here at the Embassy of Kyrgyzstan.

The Kyrgyz Ambassador said Kyrgyzstan will hold a business forum in the coming months of September where a 20-member delegation of businessmen and investors from Kyrgyzstan will come to discuss business-to-business relations with the community. local business.

It would also include heads of government institutions and people from various sectors, which would help promote investment.

The Ambassador said the forum was an important step in promoting trade in
the region.

The current circumstances have raised hopes that an improvement in the situation in Afghanistan would have a positive economic and political impact on the whole region, including the countries of Central Asia.

The current Kyrgyz government, under the leadership of President Sadye Japarov, was keen to initiate trade and economic relations with all countries in the region, including Pakistan.

Under which cooperation between the two countries in all economic sectors would be enhanced, he said.

The Kyrgyz government has established a “Council for Investment and Cooperation” to promote trade relations and investment in the region.

The ambassador said he would play his role in providing all kinds of support and protection to foreign investors.

“Our government provides all possible protections for foreign investment,” he said.
Kyrgyzstan has vast investment opportunities in energy, agriculture, mining and minerals, he said.

The ambassador said that Pakistan and Kyrgyzstan also have vast business opportunities in various sectors, including agriculture, horticulture and honey.

Meanwhile, speaking on the occasion, Zafar Bakhtawari suggested that air travel between Pakistan and Kyrgyzstan should be made easier and that air operations would also be improved.

He said two flights per week should be operated from three major cities in Pakistan, Karachi, Lahore and Islamabad, which the Kyrgyz ambassador agreed to.

On this occasion, Zafar Bakhtawari assured all possible cooperation for the business forum to be organized by the Kyrgyz Embassy in Islamabad in September.

He said peace in Afghanistan would open new avenues of economic and trade cooperation for countries in the region, including Central Asia, which are rich in natural resources.

On the occasion, prominent businessman Ahsan Bakhtawari said he would visit Kyrgyzstan next month with a business delegation, which would open up new avenues of cooperation between the two countries.

He said more efforts were needed from both sides to strengthen trade and economic relations between the two countries.

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