Pakistan and Belarus have agreed to expand their trade and investment cooperation, according to The Nation (Pakistan). The announcement follows the 9th Pakistan-Belarus Joint Ministerial Commission (JMC), which was convened to advance bilateral economic ties, as reported by the Associated Press of Pakistan.
The two countries are looking to unlock their trade potential and deepen economic and industrial cooperation, Pakistan Today reports. A key part of the discussion involved pushing for a local currency payment mechanism to boost bilateral trade, according to Business Recorder. In addition, the sides agreed to strengthen cooperation in agriculture and food security, Mettis Global reports.
The agreement comes as both nations seek to build on their existing relationship. The JMC serves as a formal platform for reviewing progress and setting new targets for collaboration. The latest round of talks signals a shared interest in moving beyond traditional trade volumes and into more structured economic partnerships, including industrial projects and financial arrangements that reduce reliance on third-party currencies.
While specific figures or timelines were not disclosed in the available reporting, the focus on payment mechanisms and sector-specific cooperation suggests a practical approach to overcoming barriers that have limited trade growth in the past. The inclusion of agriculture and food security in the discussions also points to a strategic alignment on issues of mutual concern.
What to watch next is whether the two governments will follow these agreements with concrete implementation steps, such as signing new trade protocols or launching pilot projects under the local currency framework.
