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AGREEMENT BETWEEN
THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN
AND
THE GOVERNMENT OF THE ISLAMIC REPUBLIC OP PAKISTAN
ON THE
RECIPROCAL PROMOTION AND PROTECTION OF INVESTMENTS
The Government of the Republic of Kazakhstan and the Government of the Islamic Republic of Pakistan (hereinafter referred to as Contracting Parties);
Desiring to create favourable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party;
Taking into account that reciprocal promotion and protection of investments between the two countries shall encourage development of mutually beneficial trade, economic, scientific and technical cooperation;
Recognizing that promotion and reciprocal protection of investments in accordance with this Agreement shall stimulate entrepreneurial initiative and ftirther to economical growth of states of the Contracting Parties
Hereby agreed as follows:
Articie-1
Definitions
For the purposes of present Agreement:
1. The term «Investor» with respect to each Contracting Party shall mean:
a) a physical person being citizen of either Contracting Party in accordance with its legislation;
b) A legal entity established under the national legislation of the state of one Contracting Party located on its territory and making investments on the territory of the other Contracting Party.
2. The term «investment» may include any types of property which is owned by the investors of one Contracting Party and are invested on the territory of the other Contracting Party in conformity with national legislation of its state and in particular but not exclusively:
(a) Movable or immovable property and any other related property rights except goods, imported and designated for realization without processing:
(b) Shares, contributions, bonds, securities and other forms of participation in companies, or other legal entities registered in accordance with the national legislation of state of the Contracting Parties;
(c) reinvestment of returns and installments of the main debt and interest by the credit agreements;
(d) rights of pledging for money invested to operate economic values or for services having economic value;
(e) rights to results of intellectual property including copyrights, patents, trade marks, industrial designs, service marks, know-how and goodwill;
(f) rights for economic activity rendered according to the national legislation of state or contracts, including, in particular, the rights for exploration, extraction and processing of natural resources.
