The holding group "Baiterek" is expanding its investment and financial cooperation with Pakistan.
As part of the official visit of the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, to the Islamic Republic of Pakistan, the management of JSC "National Investment Holding Baiterek" held a series of negotiations aimed at deepening trade, economic, and investment partnership between the two countries.
Under the leadership of the Chairman of the Board of the Holding, Rustam Karagoishin, the work of the specialized delegation was organized. The delegation included the heads of subsidiaries: Chairman of the Board of JSC "Export Credit Agency of Kazakhstan" Allen Chaizhunosov, Chairman of the Board of JSC "Development Bank of Kazakhstan" Marat Yelibaev, and Chairman of the Board of JSC "Otbasy Bank" Lyazzat Ibragimova.
During the visit, the delegation held a series of bilateral meetings with representatives of leading Pakistani financial and investment institutions, as well as major logistics, infrastructure, and venture companies such as TCS Private Limited, Teamup Ventures, Fauji Foundation, House Building Finance Company, Habib Bank Limited, Meezan Bank Limited, Classic Industrial Trading Pvt. Ltd, Norson Chemical Industries, and Askari Bank.
The parties discussed the prospects of implementing joint investment and infrastructure projects, the development of trade and project financing, logistics routes, and cooperation in the field of Islamic finance.
To practically implement the agreements reached, the possibilities of using the tools of the Export Credit Agency of Kazakhstan were considered. The agency has a range of insurance and financial instruments aimed at promoting the development of non-resource exports and reducing the risks of foreign trade operations. In particular, the agency's tools include insurance support for export contracts, as well as financing for foreign buyers of goods and services of Kazakh origin, which helps enhance the competitiveness of domestic producers and expand bilateral trade turnover.
"The Baiterek Holding, in its new status as an investment holding, is focused on building long-term partnerships and supporting projects with high added value. We consider Pakistan a promising partner for the development of trade and investment cooperation and are ready to offer financial and investment tools for the implementation of joint business projects between the two countries," emphasized R. Karagoishin during the meetings.
Representatives of the Holding also participated in the Kazakhstan-Pakistan Business Forum, which involved government bodies, the quasi-governmental sector, and businesses from both countries. The forum became a key platform for discussing the prospects of cooperation in the fields of investments, logistics, transportation, industry, agriculture, financial services, and digital solutions. On the sidelines of the forum, meetings were held, and a ceremony for the signing of bilateral documents took place.
The key practical outcome of the visit was the signing of a series of strategic documents:
- A memorandum between the National Investment Holding "Baiterek", Kazakh Grain Corporation Ltd, and the Pakistani logistics company TCS Private Limited. The document aims to develop transportation infrastructure, optimize supply chains, and enhance Kazakhstan's transit potential, including the modernization of port infrastructure in the Caspian Sea.
- A memorandum of cooperation with Habib Bank Limited. The agreement provides for collaboration in the field of trade finance, exchange of banking expertise, and support for attracting investments into joint Kazakhstan-Pakistan projects.
At the conclusion of the visit, the parties confirmed their intention to leverage the potential of international financial centers and Islamic finance tools to implement strategic projects linking Central and South Asia.
