Pakistan and Australia on Thursday concluded the Islamabad round of negotiations to modernise the 1998 Bilateral Investment Treaty (BIT), with both sides reporting constructive progress toward a new investment framework.
According to an official statement, delegations from both countries held in-person discussions covering initial articles of the proposed updated treaty. The talks were described as professional and cooperative, reflecting a shared commitment to strengthening bilateral investment relations.
At the end of the session, the two delegations signed the Agreed Minutes, documenting the progress achieved so far. Both sides reiterated their intention to continue negotiations with the goal of finalising a modern, balanced and forward-looking treaty that promotes investment flows while safeguarding national interests.
Federal Minister for the Board of Investment Qaiser Ahmed Sheikh, who concluded the talks, said Pakistan is entering a new phase of investment policy reforms aimed at improving transparency, boosting investor confidence and aligning the investment climate with global best practices.
He noted that the modernisation of the BIT reflects Pakistan’s commitment to establishing sustainable investment partnerships and expanding opportunities in sectors such as energy, mining, technology, agriculture and industrial development. The minister said diversifying investment avenues and deepening cooperation with global partners remain key priorities under the government’s strategic direction.
Sheikh commended the efforts of both negotiating teams and expressed confidence that the updated BIT will help enhance investment flows, strengthen commercial ties and support long-term economic stability for both countries. The Board of Investment reaffirmed its commitment to promoting investment and supporting domestic and foreign investors.
