Pakistani Pharmaceutical Companies Keen To Enter Kazakh Market - Ambassador
Date
8/23/2024 2:16:03 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 23. A number of
Pakistani companies representing the Pharmaceutical industry are
interested in entering the Kazakh market, Ambassador of Kazakhstan
to Pakistan Yerzhan Kistafin told Trend .
"Today we are negotiating in the fields of Agriculture and
mechanical engineering. We are also currently actively negotiating
in the fields of the light industry and the textile industry. There
are a number of companies from Pakistan representing the
pharmaceutical industry that are interested in entering the
Kazakhstan market," he said.
As Kistafin noted, Pakistani goods have already made their way
into the Kazakh market.
"Another thing is that these products enter our market through
third countries. I'll give you a simple example. Surgical
instruments. Pakistan is actually the number one producer in the
world. These products from Pakistan are bought by European
countries, the US, Japan and so on. And these surgical instruments
produced in Pakistan come to Kazakhstan's market precisely through
the countries that I mentioned. Our task is to build cooperation in
a direct format. That is, we must connect manufacturers in Pakistan
directly with potential partners in Kazakhstan. And I hope that
this year we will see the first results of our joint work," the
ambassador noted.
Furthermore, the ambassador made it clear that Kazakhstan and
Pakistan are in talks to hammer out the production of construction
materials in both nations.
"The construction market is actively growing in our countries.
And manufacturers of building materials on both sides are
interested in developing joint production in the territories of
both countries," Kistafin concluded.
Meanwhile, the volume of trade turnover between Kazakhstan and
Pakistan amounted to $52.5 million in 2023, which is 40 percent
less than in 2022 ($73.5 million).
Kazakh exports to Pakistan last year amounted to $5.7 million,
while imports from Pakistan amounted to $46.8 million.
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