Pakistan, Uzbekistan agree to fast-track trade, investment and connectivity
Business
Pakistan Uzbekistan trade, Jam Kamal Khan, Laziz Kudratov, bilateral economic ties, $2 billion trade target, Pakistan Uzbekistan flights, Central Asia connectivity, green corridor, B2B cooperation
ISLAMABAD (Dunya News) - Pakistan and Uzbekistan have agreed to accelerate cooperation in trade, investment, and regional connectivity, reaffirming their commitment to translating bilateral economic ties into tangible outcomes.
The understanding was reached during a meeting between Federal Minister for Commerce Jam Kamal Khan and Uzbekistan’s Minister Laziz Kudratov. Both sides emphasized strengthening practical economic cooperation and expanding mutually beneficial partnerships.
Officials revealed that bilateral trade between Pakistan and Uzbekistan increased by 10 percent last year. Uzbekistan’s imports from Pakistan rose by 12 percent, while its exports grew by 8 percent. Both countries have set an ambitious target of boosting bilateral trade to $2 billion.
Progress was also reported in expanding the preferential trade framework, with the product list expected to increase from 34 to 92 items. Currently, 228 Pakistani companies are operating in Uzbekistan, including 80 new firms registered last year.
Pakistan, Uzbekistan agree to enhance trade volume
The two sides noted a significant increase in direct flights and discussed plans to launch weekly services from Islamabad and Lahore, along with flights from Karachi. Consultations were also held on alternative trade routes, use of the Northern Corridor, and a proposed “Green Corridor” linking Pakistan, China, and Central Asia.
Additionally, both countries agreed to explore joint projects in mining, minerals, food, and agriculture, while reaffirming their commitment to close follow-up and stronger business-to-business linkages.
