ISLAMABAD: Pakistan and Australia on Thursday agreed to continue discussions to finalise a new bilateral investment treaty (BIT), aiming to boost opportunities in sectors including energy, mining, technology, agriculture, and industrial development.
The dialogue seeks to update the existing 1998 Pakistan-Australia BIT and establish a modern, balanced framework to encourage investment flows between the two countries. The agreement followed the Islamabad round of negotiations, with Australia represented by First Assistant Secretary Patricia Holmes and Pakistan by Board of Investment Additional Secretary Zulfiqar Ali.
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Both sides formally signed the minutes documenting significant progress achieved during the Islamabad round. Minister for Board of Investment Qaiser Ahmed Sheikh praised the constructive engagement and reaffirmed Pakistan’s commitment to creating a modern investment climate aligned with global standards.
Sheikh highlighted ongoing investment policy reforms aimed at promoting transparency, boosting investor confidence, and fostering long-term economic cooperation with international partners.
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