Pakistan seeks greater Canadian investment in mining, agriculture, renewables

Pakistan and Canada have agreed to keep discussing ways to strengthen economic ties, Mettis Global reported, citing a press release. Federal Finance Minister Senator Muhammad Aurangzeb met Canadian High Commissioner Tarik Ali Khan, and both sides committed to continued talks aimed at making conditions more predictable for foreign investors in trade and investment.

Aurangzeb also briefed the envoy on the government's recent relief measures, including a three-month fuel relief programme with an outlay of about Rs75 billion aimed at helping eligible consumers. He outlined the focus on macroeconomic stability, stronger external buffers and structural reforms, and pointed to a recent improvement in Pakistan's sovereign credit profile.

The High Commissioner said Canadian companies have a relatively limited presence in Pakistan, leaving considerable room to expand, and named mining, agriculture and renewable energy as sectors with potential for investment and joint ventures. Aurangzeb stressed trade diversification and wider market access, including agricultural cooperation, and highlighted privatisation opportunities such as in aviation. The two sides also discussed an export processing zone matter and a recycled clothing business linked to Canada, and the minister promised to take the issue up with the relevant authorities.