Islamabad, March 1: Uzbekistan’s Ambassador to Pakistan, Alisher Tukhtaev, has emphasized that Prime Minister Mian Muhammad Shehbaz Sharif’s recent visit to Uzbekistan marks a significant step in deepening political dialogue, fostering mutual trust, and expanding economic cooperation between the two nations. The visit is expected to culminate in the signing of important political and economic agreements, further solidifying the strategic partnership between Uzbekistan and Pakistan.
In a conversation with Dunyo Information Agency, Ambassador Tukhtaev highlighted the growing bilateral ties, noting that relations between the two countries have reached a new level in recent years. The frequent exchange of high-level visits and agreements on strategic cooperation underscore the commitment of both nations to strengthening diplomatic and economic engagements.
Uzbekistan and Pakistan are actively collaborating on international platforms, including the United Nations (UN), Shanghai Cooperation Organization (SCO), Organization of Islamic Cooperation (OIC), and Economic Cooperation Organization (ECO). Both nations share a common vision for enhancing regional security and stability, which remains a key aspect of their diplomatic agenda.
On the economic front, Ambassador Tukhtaev outlined ambitious plans to boost trade and investment, including enhancing transit trade through the port of Karachi and establishing joint investment funds. Both countries are working to improve infrastructure, build logistics centers, and open trading houses to facilitate smoother trade flows.
The continuation of the “Made in Pakistan” and “Made in Uzbekistan” exhibitions in Tashkent and Lahore is also in the pipeline, with plans to expand the range of products showcased. Additionally, business forums involving entrepreneurs from both sides are expected to create new investment opportunities and trade agreements.
Trade between Uzbekistan and Pakistan has been steadily growing, reaching $404 million by the end of 2024. The two countries aim to push trade volume to $1 billion in the coming years by expanding preferential trade agreements and facilitating the free movement of goods and services. Uzbekistan is particularly interested in increasing its agricultural exports to Pakistan, especially in fruits, vegetables, grain, and textile products. Conversely, Pakistan’s pharmaceutical, textile, construction materials, and IT sectors hold significant appeal for the Uzbek market.
The ambassador also stressed the potential for collaboration in the textile sector, food security, and IT development. Joint ventures in these areas could not only strengthen economic ties but also create competitive products for the global market. He noted that both nations could benefit from the exchange of agricultural technologies, digitization initiatives, and IT outsourcing services.
With growing trade, strategic agreements, and industrial partnerships, Uzbekistan and Pakistan are poised to expand their economic footprint, paving the way for a stronger and more dynamic bilateral relationship.
