Baiterek National Investment Holding Expands Investment and Financial Cooperation with Pakistan

From February 2 to 4 of this year, Rustam Karagoyshin, Chairman of the Management Board of Baiterek National Investment Holding Joint Stock Company, took part in high-level business events within the framework of the official visit of President of the Republic of Kazakhstan Kassym-Jomart Tokayev to Pakistan. The visit was aimed at developing investment, trade, economic, and financial cooperation between Kazakhstan and Pakistan.

The delegation of Baiterek National Investment Holding included Marat Yelibayev, Chairman of the Management Board of Development Bank of Kazakhstan JSC, Lyazzat Ibragimova, Chairwoman of the Management Board of Otbasy Bank JSC, and Allen Chaizhunusov, Chairman of the Management Board of Export Credit Agency of Kazakhstan JSC.

During the visit, the Holding’s delegation held a number of bilateral meetings with representatives of leading Pakistani financial and investment institutions, as well as major logistics, infrastructure, and venture companies, including 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 prospects for the implementation of joint investment and infrastructure projects, the development of trade and project finance, logistics routes, and cooperation in the field of Islamic finance.

“Baiterek National Investment Holding, in its new status as an investment holding, is focused on building long-term partnerships and supporting projects with high value added. We view Pakistan as a promising partner for the development of trade and investment cooperation and are ready to offer financial and investment instruments for the implementation of joint business projects of our two countries,” Rustam Karagoyshin emphasized during the meetings.

Representatives of the Holding also took part in the Kazakhstan–Pakistan Business Forum with the participation of government bodies, the quasi-public sector, and businesses from both countries. The forum served as a key platform for discussing prospects for cooperation in investment, logistics, transport, industry, the agro-industrial complex, 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 outcome of the visit to Pakistan was the signing by the Holding of strategic cooperation documents.

The first memorandum was signed between Baiterek National Investment Holding, Kazakh Grain Corporation Ltd, and the Pakistani logistics company TCS Private Limited. The document is aimed at developing international partnership in the field of logistics and transport infrastructure, supporting and jointly implementing investment projects focused on optimizing global supply chains, developing distribution centers, increasing transit potential and export capabilities of Kazakhstan, including the modernization of Caspian Sea infrastructure and the expansion of cooperation in the Pakistani market.

The second memorandum of cooperation was signed between Baiterek National Investment Holding and Habib Bank Limited. It provides for the development of cooperation in the financing and support of trade and investment projects between Kazakhstan and Pakistan, including project and trade finance, the exchange of expertise in banking and investment, as well as assistance in attracting investments and developing joint business initiatives of the two countries.

The third memorandum was signed between Otbasy Bank JSC and Meezan Bank Limited and is focused on developing cooperation in the field of housing finance and Islamic financial instruments.

Within the framework of the visit, issues related to the participation of Baiterek National Investment Holding in financing strategic investment projects, the development of transit routes between Central and South Asia, as well as opportunities for using Islamic finance instruments and international financial centers to attract capital were also discussed.