Qaiser Highlights Treaty’s Role in Providing a Transparent Framework for Investors

By Farzana Chaudhry | Lahore, Pakistan

ISLAMABAD: Pakistan and Canada have concluded the third round of negotiations on a Bilateral Investment Treaty (BIT) in Islamabad, marking further progress towards strengthening bilateral economic relations and promoting investment cooperation between the two countries.

Federal Minister for the Board of Investment Qaiser Ahmed Sheikh and Canadian High Commissioner to Pakistan Tariq Ali Khan attended the concluding ceremony, where both sides appreciated the efforts of their respective negotiating teams in advancing discussions on the proposed treaty.

In his remarks, the Canadian High Commissioner praised the constructive engagement and dedicated efforts of both negotiating teams. He emphasised the importance of continued cooperation in developing a balanced agreement that would facilitate investment, strengthen business confidence and promote mutually beneficial economic ties between Pakistan and Canada.

Federal Minister Qaiser Ahmed Sheikh also commended the negotiating teams for their commitment, professionalism and efforts throughout the three-day round.

He highlighted the importance of the Bilateral Investment Treaty in establishing a predictable and transparent framework for investors, encouraging greater bilateral investment flows and further strengthening economic cooperation between the two countries.

The minister reaffirmed Pakistan’s commitment to creating a conducive investment environment and expanding opportunities for Canadian investors in key sectors, including renewable energy, mining, agriculture and information technology.

During the concluding ceremony, representatives of the Pakistani and Canadian negotiating teams signed the minutes of the negotiations, formally documenting the proceedings and outcomes of the latest round.

The conclusion of the third round reflects both countries’ continued commitment to advancing negotiations on the proposed Bilateral Investment Treaty and laying the groundwork for long-term investment partnerships.

Once finalised, the proposed treaty is expected to help strengthen investor confidence, enhance economic engagement and create expanded opportunities for businesses in Pakistan and Canada.