Pakistan and Canada have commenced negotiations on a draft Foreign Investment Protection and Promotion Agreement (FIPPA), aimed at further strengthening bilateral investment ties.

An official Pakistani delegation, led by Additional Secretary of the Board of Investment, Zulfiqar Ali, is currently visiting Ottawa to hold talks with Canadian authorities on the proposed agreement.

The delegation comprises senior officials from relevant departments dealing with trade, investment and economic affairs.

At the opening session, Director General of the South Asia Bureau at Global Affairs Canada, Jean Christian Brillant, welcomed the Pakistani delegation and expressed hope for productive and constructive deliberations.

Speaking on the occasion, Pakistan's High Commissioner to Canada, Muhammad Saleem, underscored the commitment of both countries to conclude a high-quality investment framework.

He highlighted that the Government of Pakistan has undertaken a range of measures to improve the ease of doing business, including enhanced investor protection, transparent dispute prevention mechanisms and greater regulatory coherence as part of its broader economic reform agenda.

The Pakistani delegation is expected to engage constructively with Canadian counterparts to advance bilateral cooperation in trade, investment and economic sectors.

The previous round of FIPPA negotiations between the two countries was held in Islamabad in October last year.