ISLAMABAD: Canadian firms are keen to explore avenues of investment in mining sector in Pakistan.
A delegation of Canadian mining companies is expected to attend an upcoming minerals investment forum in Pakistan as Islamabad seeks greater foreign investment.
The development emerged during a meeting between Commerce Minister Jam Kamal Khan and Canadian High Commissioner Tarik Ali Khan on Tuesday.
Canadian firms operating in exploration, mining services, equipment and supply chains are expected to join the investment forum.
Mining remained a key focus of the meeting, while both sides also discussed agriculture, food security and renewable energy.
Canada, Pakistan Push Investment Agreement
The two sides agreed to accelerate negotiations on the Foreign Investment Promotion and Protection Agreement (FIPA).
The next round of talks is expected during the first week of October and will focus on resolving outstanding issues.
The Canadian envoy described FIPA as a key step toward increasing Canadian investment in Pakistan.
He said stronger legal protections, arbitration and dispute-resolution mechanisms could improve investor confidence and encourage joint ventures.
The envoy also highlighted Pakistan’s large consumer market and the potential contribution of more than 300,000 Canadians of Pakistani origin.
Jam Kamal assured the envoy of government support and directed officials to hold preparatory consultations before the next negotiating round.
He said Pakistan wanted to resolve outstanding matters and establish a mutually beneficial framework for long-term economic cooperation.
Focus on Energy, Agriculture and Aviation
The meeting also covered clean energy, including a proposed hybrid renewable-energy project in Jhimpir.
Canadian companies also offered solar and green-energy solutions for Pakistani industries.
Furthermore, both sides explored cooperation in dairy, animal genetics, edible oils, fruit concentrates, food processing and value addition.
Jam Kamal stressed the need to establish joint ventures that could process Pakistani agricultural products and export them to Middle Eastern and other markets.
Canada also highlighted growing exports of canola seed to Pakistan and opportunities for local crushing, branding and export-oriented manufacturing.
The two sides also discussed aviation, aircraft leasing and regional connectivity, while recognising the importance of PIA’s direct Toronto service.
Jam Kamal said Pakistan’s strategic location and links with China, Central Asia and the Middle East offered significant opportunities for Canadian businesses.
The Canadian envoy reaffirmed Ottawa’s interest in expanding trade and strengthening economic engagement with Asian markets.
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