The President of Uzbekistan and the Prime Minister of Pakistan took part in a joint business forum

On February 6, as part of the business program of the state visit to the city of Islamabad, the President of the Republic of Uzbekistan Shavkat Mirziyoyev, together with the Prime Minister of Pakistan Shahbaz Sharif, took part in a joint business forum.

The event was attended by managers and representatives of more than 300 leading industrial enterprises and trading companies, industry organizations and business structures of the two countries.

Pakistan business was represented by such companies as PEL, Waves Singer, Sadaqat, Fauji, Platinum, Fast Cables, National Fruit, Amson Group, Shaigan, Hans International, Secure Logistics Group, NLC, Fairmont, Go Dairy, Engro, Herbion, AGP, Arco, Habib Rafiq, Pakistan Steel Mills, Siddiq Sons, Uniworth, Diners, Fatima Group, Fateh Group, Hub Leather, Siddiq Leather, Royal Leather, Davis, Ahsan Dyeing and many others.

In his speech, the head of our state expressed great satisfaction noted that the high-level negotiations marked a new stage in the development of Uzbek-Pakistani relations, primarily in the trade, economic and investment spheres.

For the first time in the history of bilateral cooperation, a protocol was signed providing for giving a new quality to economic interaction and bringing the volume of mutual trade to $2 billion.

Responsible officials of the two countries were instructed to develop a comprehensive “road map” and introduce a mechanism for quickly resolving emerging issues.

The President of Uzbekistan outlined the key areas of economic partnership.

Including pharmaceuticals and medicine, light industry, mining and metallurgy and geology, expanding cooperation in the field of food security.

Pakistan companies have been invited to localize projects for medicines, biotechnologies and medical equipment in Uzbekistan. Favorable conditions will be created for Pakistani investors to operate in the Tashkent Pharmaceutical Park.

It was noted that there is great potential for cooperation in the joint production of finished textile products for international brands. Uzbekistan is ready to transfer textile enterprises into trust management and create separate leather industry zones for Pakistani partners.

Special attention is paid to the prospects for joint production of meat, potatoes and rice, as well as partnership with the National Institute of Genomics of Pakistan in the field of seed production and selection.

Strengthening transport and logistics connectivity is an important condition for further increasing trade.

Freight transportation on the route “Pakistan – China – Kyrgyzstan – Uzbekistan” has begun, air service has been launched to the cities of Lahore and Islamabad, and the Trans-Afghan Railway project is being promoted. From April this year, cargo flights to Karachi and direct passenger flights to Lahore will begin.

In order to practically strengthen interregional contacts, the initiative to hold the first Forum of Regions this year was supported.

In conclusion, the head of Uzbekistan and the Prime Minister of Pakistan signed a separate Protocol on the agreements reached, which sets out the deadlines practical implementation and the heads of ministries and departments of the two countries responsible for this.

Also in the presence of the leaders, a ceremony was held to exchange a number of investment and trade and economic agreements.