ISLAMABAD: Pakistan and Uzbekistan on Friday signed a $1 billion trade agreement at the Inter-Governmental Commission (IGC) to encourage exchange of goods and services and facilitate the process of trade.
Eighth meeting of Pakistan-Uzbekistan IGC on trade, economic and scientific and technical cooperation – Uzbek Minister of Investment, Industry and Trade Laziz Kadirtov and Federal Minister of Finance and Revenue Senator Ishaq Dar jointly chaired. trade relations.
Both sides emphasized the huge untapped potential in investment cooperation and bilateral trade during the talks – both aimed at economic diversification, sustainable development, supply chain resilience, and a strong regulatory environment. The parties emphasized the huge untapped potential in investment cooperation and bilateral cooperation.
The 8th meeting of Pak-Uzbek Inter-governmental Commission on Trade-Economic and Scientific-Technical Cooperation was held in Tashkent today.
— Economic Affairs Division, Government of Pakistan (@eadgop) February 24, 2023
Both countries signed a one billion dollar trade agreement to encourage exchange of goods and services@FinMinistryPak @PakinUzbekistan pic.twitter.com/29ZUBxbA1y
Furthermore, the IGC – according to a statement issued by the Ministry of Economic Affairs – recognized the importance of close cooperation to bring about sustainable development through technology, innovation and economic partnership.
The commission mainly promotes bilateral economic cooperation in various sectors including trade and commerce, banking, industries and production, investment, textile industry, energy, oil and natural resources, transport and communication, agriculture and tourism and cultural development. Focused on.
The Uzbeks appreciated the continued efforts of the two countries to encourage closer ties in the fields of trade, transport, banking and agriculture.
Speaking on the occasion, Dar appreciated Uzbekistan’s deep interests and the strength of ties and the progress already made in the transport and trade sectors and welcomed Uzbeks to explore the fields of automobiles, information technology and natural minerals. What did
