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    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

    PM Shehbaz Introduces National Housing Finance Scheme to Boost Home Ownership

    Pakistan, China Sign $440m Pharma Deals as PM Reaffirms Security for Chinese Investors

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

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    PIA Shortlists Former Ethiopian Airlines CEO to Lead Turnaround: Report

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    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

  • Business & Finance
    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

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    Pakistan, China Sign $440m Pharma Deals as PM Reaffirms Security for Chinese Investors

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    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

    World Bank Approves $375.9 Million to Upgrade Pakistan’s Electricity Grid

    World Bank Approves $375.9 Million to Upgrade Pakistan’s Electricity Grid

    Gold Falls by Rs3,000 per Tola in Pakistan Following Global Decline

    Gold Falls Rs2,400 Per Tola in Pakistan as Global Prices Weaken

    Pakistan Launches InvestPak Portal to Broaden Investor Base, Reduce Reliance on Banks

    Pakistan Launches InvestPak Portal to Broaden Investor Base, Reduce Reliance on Banks

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    FPCCI Calls for Return of Cotton Exchange Building to KCA, Warns of Impact on Cotton Sector

    Govt Reduces Petrol, Diesel Prices by Rs1.97 Per Litre

    Govt Reduces Petrol, Diesel Prices by Rs1.97 Per Litre

  • Fintech
  • Opinion
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    The Transit Potential of the Turkic World: Integrating Economies and New Logistical Solutions

    Center for Islamic Civilization: A Megaproject Recognized by the International Community

    Center for Islamic Civilization: A Megaproject Recognized by the International Community

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    Khojaly Genocide: A bloody chapter in 20th-century history

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    Remembering Khojaly is a moral obligation

  • World
    Gold Price Falls by Rs1,100 Per Tola in Pakistan

    Gold Price Falls by Rs1,100 Per Tola in Pakistan

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    Pakistan Retains Representation on ICCD Executive Bodies

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    Stocks swing, oil edges up with US-Iran peace talks stalled

  • Pakistan
    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

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    CBD Punjab Advances CBD Vertex Project with 80% Finishing Work Completed

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    PIA Shortlists Former Ethiopian Airlines CEO to Lead Turnaround: Report

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    Govt Allows NBFCs to Join PM’s Apna Ghar Programme

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    Economic Survey 2025-26 to Highlight Fiscal Performance Ahead of FY27 Budget

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    Pakistan Losing Rs350bn Annually to Illegal Cigarette Trade, PMI Tells Commerce Minister

    Pakistan Losing Rs350bn Annually to Illegal Cigarette Trade, PMI Tells Commerce Minister

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Pakistan, Uzbekistan agree to deepen trade and investment ties

News Desk by News Desk
February 3, 2026
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Pakistan, Uzbekistan agree to deepen trade and investment ties
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ISLAMABAD: Pakistan and Uzbekistan on Tuesday pledged to strengthen cooperation in trade, investment, connectivity, mining, and food security, aiming to translate growing political goodwill into concrete economic outcomes.

Federal Minister for Commerce Jam Kamal Khan held a comprehensive meeting in Islamabad with Uzbekistan’s Minister of Investment, Industry and Trade, Laziz Kudratov, to assess progress in bilateral economic relations and outline practical steps to enhance trade, business links, and sectoral collaboration, according to a statement from the Ministry of Commerce.

During the talks, Khan highlighted that Pakistan–Uzbekistan engagement has expanded significantly over the past two years through frequent high-level interactions. He emphasized that the focus must now shift toward addressing logistical gaps, strengthening business-to-business links, and ensuring effective implementation of agreed initiatives. He also reiterated Pakistan’s full support for Uzbekistan’s trade development efforts.

Kudratov informed the Pakistani side that preparations were underway for an upcoming high-level visit from Uzbekistan, which he described as a key milestone in deepening bilateral relations. He noted that bilateral trade had grown by about 10 percent last year, with Pakistan’s exports to Uzbekistan rising by 12 percent and Uzbek exports to Pakistan increasing by 8 percent. He called for more balanced and expanded trade, setting a target of $2 billion through greater industrial cooperation and new sectoral partnerships.

Both sides reviewed progress on trade facilitation, including negotiations on a preferential trade framework that would expand the list of covered products from 34 to 92. Uzbekistan also expressed interest in broadening cooperation into services and investment-driven partnerships. The Uzbek minister revealed that 228 Pakistani firms are currently operating in Uzbekistan, with 80 new companies registering there in the past year.

Discussions also focused on collaboration in key sectors such as food security, mining, textiles, leather, pharmaceuticals, and value-added manufacturing. Uzbekistan expressed interest in investing in Pakistan, particularly in food security, meat production, rice cultivation, and mining projects.

The two sides welcomed the resumption and expansion of direct flights between the countries, with services now operating from Islamabad and Lahore and plans to add Karachi, potentially reaching six weekly flights to boost trade and tourism. On regional connectivity, both sides acknowledged challenges caused by disrupted transit routes and discussed alternative corridors. They explored the role of Pakistan’s National Logistics Corporation in facilitating trade via the northern route through Kashgar, China, despite higher costs and longer transit times.

A key proposal from the meeting was the establishment of a multi-country “green corridor” involving Pakistan, China, and Central Asian states to ease cross-border trade with clear legal and operational mechanisms. Uzbekistan also supported using Kashgar as a logistics and warehousing hub to improve cargo movement. Kudratov further highlighted Uzbekistan’s expertise in mining and geology and expressed readiness to collaborate with Pakistan on exploration, technical training, and joint projects.

The meeting concluded with both nations reaffirming their commitment to strengthening economic ties through faster implementation of agreements, continued institutional coordination, and increased private-sector engagement.

Tags: PakistanUzbekistan
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