Pakistan-Tajikistan to sign MoU between SBP-NBT on supervisory cooperation 5th session of Pak-Tajikistan Joint Commission on Trade, Economic & Scientific-Technical Cooperation
Currency Selling Buying
MIAN ARSHAD ISLAMABAD—Pakistan and Tajikistan, Thursday, agreed to sign a MoU between the State Bank of Pakistan (SBP) and National Bank of Tajikistan (NBT) on Supervisory cooperation. In this regard, SBP will share a draft MoU through diplomatic channels within three months. Both the countries also agreed to enhance business to business contacts through organizing the second meeting of Joint Business Council on the sidelines of the Inaugural Session of Joint Working Group on Trade, Investment and Transport at Dushanbe in October 2016. Bilateral Transport Agreement will also be discussed during the first meeting of Joint Working Group on Trade, Investment and Transport, scheduled in October 2016 at Dushanbe. Both the countries evolved consensus on a host of other issues at the 5th Session of Pakistan–Tajikistan Joint Commission on Trade, Economic and Scientific-Technical Cooperation here. The Session was Cochaired by Khawaja Muhammad Asif, Federal Minister for Water and Power and also Co-chair of Pakistan while Tajik Minister of Energy and Water Resources, Usmonali Usmonzoda led Tajikistan side. During the two days of the Session, detailed meetings were held between the experts of the two sides on a number of issues, especially focussing on Trade & Commerce, Energy, Agriculture, Education, Science & Technology and other matters of mutual interest. During the closing session, Protocol of the Session was signed by both Cochairs, based on major actions/decisions. The 5th Session of Pakistan–Tajikistan Joint Commission informed was byTajik side that their request for accession to Quadrilateral Agreement for Traffic-in-Transit (among Pakistan, China, Kazakhstan and Kyrgyzstan), given to Pakistan being the Depository of Quadrilateral Agreement, is under consideration.
Tajikistan appreciated the initiative of Pakistan to organize a ISLAMABAD: Khawaja Muhammad Asif Federal Minister for Water and Power, Usmonali Usmonzoda, Minister for Energy and Water Resources, Republic of Tajikistan shaking hands after signing protocol of the 5th session of PakTajikistan Joint Commission. Minister of State for Water and Power, Abid Sher Ali was also present. truck caravan under the framework of Quadrilateral Agreement and has agreed to participate in this project. The sides noted with satisfaction the progress made so far in realization of CASA1000 project and also expressed the resolve to initiate the physical work on the project as early as possible to achieve the desired delivery of energy. The Parties also noted the mutual interest for export of additional 1000 MW by Tajikistan to Pakistan outside CASA-1000 Project. The Parties have notified the technical committee members and the first meeting of the committee is proposed to be held as early as possible. The committee will review the previous reports prepared by Tajikistan side and will develop a road map for future activities.
Both sides agreed to establish joint ventures with “Oil and Gas Development Company Limited” (OGDCL) and “Pakistan Petroleum Limited” (PPL) on detection and processing of oil and gas in the Republic of Tajikistan on Government to Government basis.
The Tajikistan side showed interest to establish joint ventures with Pakistan investors in the field of processing of ginned cotton, wool and leather finished products (cotton fabric, sewn and knitted products, leather jackets, bags and shoes). In order to effectively collaborate in the field of agriculture a Joint Working Group (JWG) will be formed. Both sides agreed to share the composition of members of JWG through diplomatic channels. The two sides agreed to the renewal of Agreement between Pakistan and Tajikistan on Scientific and Technological Cooperation signed in 1992 through exchange of diplomatic notes. Both sides decided to appoint Focal points to combat the menace of drug and narcotics trafficking. The meeting was characterised by a spirit of friendship, cooperation and a desire to make rapid advances in the above mentioned sectors/areas.