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Pakistan, Uzbekistan set sights on $2b trade target


ISLAMABAD:

Pakistan and Uzbekistan on Tuesday reaffirmed their commitment to deepening economic cooperation, with both sides agreeing on concrete measures to accelerate trade, investment, regional connectivity and sectoral partnerships during a high-level meeting in the federal capital.

Commerce Minister Jam Kamal Khan held detailed talks with Uzbekistan’s Trade Minister Laziz Kudratov, reviewing progress on bilateral initiatives and identifying practical steps to convert political goodwill into measurable economic outcomes across multiple sectors.

Welcoming the Uzbek delegation, Jam said that Pak-Uzbek engagement had intensified markedly over the past two years through frequent high-level contacts and sustained institutional follow-up, stressing that the focus must now shift towards effective implementation and delivery.

He underlined the need to materialise existing opportunities by addressing gaps in logistics, business linkages and execution, while emphasising the importance of keeping trade and investment coordination streamlined to ensure continuity and predictability for businesses.

The Uzbek minister thanked Pakistan for the hospitality and arrangements made for the visit, noting that both countries were preparing for an upcoming high-level visit from Uzbekistan, which he said was expected to mark another milestone in the evolving bilateral partnership.

Highlighting positive trade trends, Kudratov said bilateral trade increased by around 10% last year, with Uzbekistan’s imports from Pakistan rising by about 12%, while Uzbek exports to Pakistan recorded growth of approximately 8%.

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