Islamabad (Adnan Hameed): In a strategic move aimed at enhancing bilateral trade and investment relations, Uzbekistan’s Deputy Prime Minister for Trade and Investment, Dr. Jamshid Khodjaev, commences a two-day visit to Pakistan today.
Dr. Khodjaev’s itinerary includes high-level meetings with senior government officials, focusing on discussions to elevate cooperation across various sectors, with a primary emphasis on trade and investment. A noteworthy feature of the visit is the leadership role Dr. Khodjaev will assume, guiding a delegation of Uzbekistan’s prominent business leaders. This delegation will engage in substantive dialogues with their Pakistani counterparts, exploring avenues for fresh investment and collaboration.
Over the years, Pakistan and Uzbekistan have cultivated close economic ties, as evidenced by the substantial growth in bilateral trade. From USD 27 million in 2019-20, the trade volume surged to USD 126 million in 2022-23. However, both nations acknowledge that there exists untapped potential for further expansion.
Dr. Khodjaev’s visit is poised to inject renewed momentum into bilateral trade and investment relations, transcending the current figures. Recognizing the complementary strengths and opportunities shared by the two nations, there is significant potential for increased collaboration across various sectors.
As the visit unfolds, the Deputy Prime Minister’s presence serves as a catalyst for unlocking the full potential of economic partnership between Pakistan and Uzbekistan. The shared commitment to growth and development positions both nations for a new era of mutually beneficial cooperation.