Pakistan, Canada discuss foreign direct investment flow

Dawn reported that Pakistan and Canada opened talks on Monday for the third round of a Bilateral Investment Treaty (BIT), a pact meant to strengthen foreign direct investment (FDI) flows between the two countries.

On the Canadian side, High Commissioner Tarik Ali Khan is leading the talks, while SIFC Secretary Jamil Ahmad Qureshi is heading the Pakistani team. An official announcement said a special Canadian delegation has arrived to continue the discussions, which run for three days from Oct 19 to 21.

Qureshi welcomed the delegation's commitment to the process and described the conclusion of the BIT as a major landmark for bilateral ties. The Canadian high commissioner, in turn, credited the Pakistani government for hosting the round and for its cooperative attitude.