ISLAMABAD: Belarus President Aleksander Lukashenko is scheduled to arrive in Pakistan today, Monday, for a three-day visit to the country as Islamabad eyes foreign investment in its renewed efforts to ensure economic growth and stability.
Pakistan’s government has been seeking foreign trade, investment and bilateral cooperation agreements with old and new allies as it seeks to keep its $350 billion fragile economy afloat whilst grappling with a macroeconomic crisis.
A 68-member delegation from Belarus arrived in Pakistan’s capital on Sunday ahead of Lukashenko’s visit. The Belarusian delegation arrives in the capital as thousands of supporters of former prime minister Imran Khan march toward Islamabad, demanding his release from prison, independence of the judiciary and to register their protest against alleged rigging in the country’s February general election.
“President of the Republic of Belarus Aleksandr Lukashenko will undertake three-day visit to Pakistan from today,” state broadcaster Radio Pakistan said in a report.
Belarus’ Foreign Minister Maxim Ryzhenkov oversaw the signing of several agreements in Islamabad. Pakistan’s Deputy Foreign Minister Ishaq Dar welcomed Ryzhenkov to the Ministry of Foreign Affairs as the two discussed bilateral and regional issues, and the agenda of Lukashenko’s visit.
During a meeting of the Pakistan Belarus Business Forum, the two sides signed MoUs related to tractors, pharmaceuticals, tires and veterinary medicines.
“The two sides emphasized the importance of enhanced cooperation in international and regional organizations to advance mutual interest and to jointly address global challenges,” Pakistan’s foreign office said.
Pakistan and Belarus, the world’s 74th-largest economy by GDP, celebrated thirty years of the establishment of diplomatic relations this year. Pakistan was one of the first countries to recognize Belarus after the dissolution of the Soviet Union in 1991 and maintains an embassy in Minsk.
The prime minister of Belarus was in Islamabad earlier this year where he met his counterpart as well as the chief of the Pakistan army, among other key leaders.
In September, Pakistan and Belarus discussed different options for a joint venture to establish a tractor plant in the country and reached a consensus on collaborating on a foot-and-mouth disease vaccine to protect cattle, as well as on the capacity building of agricultural engineers in machinery design.
They also agreed to enhance cooperation in the sectors of livestock and seeds, and work together on the mechanization of agriculture and on increasing market access for agricultural and livestock products. Belarus also wants to set up a veterinary medicine plant in Pakistan.
The First Pakistan-Belarus Joint Economic Commission (JEC) was held in 2015 in which the two countries agreed to initiate joint ventures in the textile, pharmaceutical and lighting solution industries and share technological expertise.
Islamabad, Minsk sign several MoUs ahead of President Lukashenko’s visit to Pakistan today
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Islamabad, Minsk sign several MoUs ahead of President Lukashenko’s visit to Pakistan today
- Both sides sign agreements related to tractors, pharmaceuticals, tires and veterinary medicines
- Pakistan has increasingly eyed foreign trade and investment to ensure economic stability