Trade between Pakistan and Uzbekistan increased from $ 122 million to $ 404 million, while $ 320 million in investment was recorded in August this year. The two parties have set an ambitious objective of increasing trade to $ 2 billion in the coming years.
New commercial avenues open between the States of Pakistan and Central Asia at the rear of the Special Investment Facilitation Council (SIFC), with bilateral links between two record growth.
Read: Pakistan-Uzbekistan links require a paradigm shift
Photo: Application
Diplomat Ouzbek Oybek Kambarov, during a visit to the Multan Chamber of Commerce, reaffirmed Tashkent’s commitment to establish special economic zones with tax incentives for Pakistani investors. Currently, 18 industrial zones are operational in key sectors, including textiles, food processing, agro-basée industries and leather.
The two countries have also launched three direct and rationalized flights the commercial visa process only three days, the stages which, according to managers, will increase connectivity and facilitation of exchanges.
During his trip, Kambarov visited various Pakistan industries, welcoming their quality and innovation. The MCCI’s main vice-president, Khawaja Mohin, stressed the role of the room in southern Punjab and proposed to establish storage facilities for Pakistani exporters in Uzbekistan. The two governments have agreed to intensify B2B meetings, fairs and exhibitions to a single country to deepen cooperation.
The officials said that the involvement of the SIFC had created “a new chapter of global partnership”, expanding bilateral engagement between trade, investment and technology.
