SOCIETY | 16:59 / 26.10.2024
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Uzbekistan and Pakistan forge new business ties with $15 million in trade agreements

A delegation of Uzbekistan, headed by the representatives of the Chamber of Commerce and Industry, conducted a series of high-level negotiations in Islamabad, Rawalpindi, and Karachi, Pakistan. The visit included a range of business forums, partnership agreements, and collaborative initiatives aimed at deepening economic relations between the two countries.

Photo: Dunyo

In Rawalpindi, an Uzbek-Pakistani business forum was organized, where Uzbek representatives signed trade agreements and a memorandum of cooperation with the Rawalpindi Chamber of Commerce. This forum provided a foundation for bilateral discussions and resulted in agreements across key sectors, including tourism, energy, chemistry, jewelry, and information technology.

The Pakistani side expressed gratitude to Uzbekistan for easing visa requirements for Pakistani citizens, highlighting that Islamabad’s Chamber of Commerce would actively promote religious tourism to historic Uzbek cities like Samarkand, Bukhara, and Khiva.

In further meetings, the Uzbek delegation held discussions with leading Pakistani companies, including Wah Nobel, Nimir Group, and Aziya Ariya, to explore joint investment projects and the export of Uzbek chemical products to Pakistan. Talks were also held with Pakistani ministry representatives on agricultural collaboration, where agreements were made to increase exports of Uzbek mineral fertilizers and regularly share market demand data.

The delegation also attended the "Texpo" exhibition in Karachi, showcasing Uzbek textile and leather products to Pakistani audiences. The visit culminated in trade contracts valued at $15 million, covering the export of textiles, leather, agricultural, and food products from Uzbekistan to Pakistan.

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