Uzbekistan and Pakistan Strengthen Business Ties with $15 Million in Trade Agreements
A delegation from Uzbekistan, led by representatives from the Chamber of Commerce and Industry, recently completed a successful series of high-level negotiations in various cities in Pakistan. The visit, which included stops in Islamabad, Rawalpindi, and Karachi, focused on strengthening economic ties between the two countries through a range of business forums, partnership agreements, and collaborative initiatives.
In Rawalpindi, a significant Uzbek-Pakistani business forum took place, where Uzbek representatives signed trade agreements and a memorandum of cooperation with the Rawalpindi Chamber of Commerce. This forum served as a platform for bilateral discussions and led to agreements in key sectors such as tourism, energy, chemistry, jewelry, and information technology.
The Pakistani side expressed appreciation to Uzbekistan for simplifying visa requirements for Pakistani citizens and pledged to actively promote religious tourism to historic Uzbek cities like Samarkand, Bukhara, and Khiva. Subsequent meetings with leading Pakistani companies, including Wah Nobel, Nimir Group, and Aziya Ariya, focused on exploring joint investment projects and the export of Uzbek chemical products to Pakistan.
Discussions were also held with Pakistani ministry officials on agricultural collaboration, resulting in agreements to boost exports of Uzbek mineral fertilizers and exchange market demand data regularly. The delegation additionally participated in the “Texpo” exhibition in Karachi, where Uzbek textile and leather products were showcased to Pakistani audiences. The visit concluded with trade contracts worth $15 million, covering the export of textiles, leather, agricultural, and food products from Uzbekistan to Pakistan.
Overall, the visit of the Uzbek delegation proved to be fruitful in enhancing economic cooperation between Uzbekistan and Pakistan, laying the groundwork for future partnerships and collaborations in various industries. The successful negotiations underscore the potential for increased trade and investment between the two countries, benefiting both nations’ economies.
