Federal Minister for Commerce Jam Kamal stated that Pakistan possesses significant investment potential, and Belarus may play a crucial role by investing in many areas inside the country.

During the 7th Pakistan-Belarus Joint Ministerial Commission Ceremony in Islamabad, the Commerce Minister stated that Pakistan and Belarus maintain amicable and enduring relations.

The minister emphasized the necessity of expanding trade volume between the two nations.

He stated that Pakistan has implemented reforms in its visa policy to promote trade and investment, while the Special Investment Facilitation Council is assisting investors in making investments in Pakistan.

To explore Pakistan’s shale and tight gas potential, the Chinese company CCDC and the country’s Oil and Gas Development Company have inked a memorandum of understanding.

The 8th Silk Road International Expo for Investment and Trade Forum is now taking place in Xian, China, and Minister of Petroleum Dr. Musadik Malik was present to witness the signing of the Memorandum of Understanding.

In order to reduce Pakistan’s energy needs through domestic resources, the MOU highlights the commitment of the two friendly nations to developing Pakistan’s shale and tight gas potential.

The Federal Minister wished that the two nations’ friendship and coordination would only grow stronger in the future in all sectors and thanked the Chinese side for hosting Pakistan as the country of honor.

Pakistani stocks ended Thursday close to their all-time high as optimism was raised by strong inflows of foreign capital and strengthening macroeconomic data, according to Bloomberg.

The benchmark KSE-100 index of the Pakistan Stock Exchange reached a new high earlier in the day and gained 1.1% to settle just short of the previous record of 81,865.10.

The measure has increased by more than 30% this year, according to data collated by Bloomberg, helped by foreign investors’ net purchases of $87 million in local shares, the greatest amount since 2014.

Because of a stronger economic outlook and a significant initial loan agreement with the International Monetary Fund in July, Pakistan’s stock market has performed among the best in the world this year.

The country’s current account balance has improved recently, and the central bank has cut interest rates in response to a slowdown in inflation.

Nevertheless, moving forward carries some risk. In July, FTSE Russell downgraded Pakistan from secondary emerging market to frontier market status. The choice will take effect on September 23.