Annual trade between Pakistan and Uzbekistan can surpass $1bn in the foreseeable future, according to Uzbek Ambassador to Islamabad Oybek Usmanov. Turnover presently stands at $150mn.
Usmanov said that the opening up of transit routes and a bilateral preferential trade agreement, which became effective in March, opened up new possibilities.
Uzbekistan’s President Shavkat Mirziyoyev, during his official visit to Islamabad last year, said: "Together with Pakistan, we are building a solid bridge of cooperation not only between the two countries, but also between the strategically important regions of Central and South Asia.”
Islamabad and Tashkent subsequently agreed to accelerate the implementation of major joint transport and communication projects aimed at strengthening the interconnectedness of Central and South Asia. The importance of an early start on construction of the strategic Termez–Mazar-i-Sharif–Kabul–Peshawar railway was mentioned. The link would open the way to Pakistani seaports for landlocked Uzbekistan.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Ghana to evacuate 161 citizens from Cambodia as fake deportation scare spreads
Ghana has evacuated 85 citizens from Cambodia and is arranging the return of another 76, authorities said, amid concerns sparked by a fake online notice falsely claiming African nationals faced ... more
Nigeria’s Jiji acquires Bangladeshi classifieds platform peer Bikroy in first expansion deal outside Africa
Jiji, the Nigerian-founded online classifieds marketplace, has acquired Bikroy, Bangladesh’s largest online classifieds platform, marking the company’s first acquisition outside Africa and ... more
Shell and Petronas seek 20% gas price increase for Egypt’s West Delta marine phase
UK energy major Shell (LON:SHEL) and Malaysia's national oil and gas company Petronas have asked the Egyptian Natural Gas Holding Company (EGAS) to raise the gas price for the upcoming Phase 12 ... more