ISLAMABAD: The Ambassador of Uzbekistan, Alisher Tukhtaev, emphasized the growing importance of economic relations between Pakistan and Uzbekistan during his recent address at the Islamabad Chamber of Commerce and Industry (ICCI).
Leading a delegation that included key officials from Uzbekistan’s commercial and chemical sectors, Tukhtaev highlighted significant developments in bilateral trade, which has surged by 50 to 55 percent annually, rising from $50 million to an impressive $240 million.
The ambassador announced the much-anticipated resumption of direct flights between Tashkent and Lahore, set to begin in November or December, which he believes will further strengthen ties across various sectors. He said that essential trade mechanisms, including the Transit Trade Agreement, are crucial for enhancing cooperation between the two nations.
Nasir Mansoor Qureshi, President of ICCI, welcomed the Uzbek delegation and showcased Pakistan’s robust trade potential. He urged the business communities of both countries to seize emerging opportunities for mutual benefit. “Islamabad is home to a vibrant industrial cluster, with thriving sectors such as pharmaceuticals, steel re-rolling, and marble industries, making it an attractive destination for investors,” Qureshi stated. However, he acknowledged that the current trade volume between Pakistan and Uzbekistan does not fully reflect its potential and requires focused efforts.
Qureshi also expressed ICCI’s commitment to strengthening ties with the Uzbekistan Chamber of Commerce and Industry, fostering an environment conducive to business collaboration and economic growth. Commercial Consular Bakhrom Yusupov highlighted the streamlined visa procedures for business delegations, making it easier for entrepreneurs to engage with their counterparts in Uzbekistan.
Deputy Chairman of the Chemical Industry Association of Uzbekistan, Tukhtaev Akorbirjon, outlined the investment-friendly opportunities within Uzbekistan’s chemical sector, which includes essential chemicals for textiles, oil and gas, as well as fertilizers like nitrogen, phosphorus, and potash.
Safarov Khalimjon, Deputy Chairman of the Chamber of Commerce and Industry Uzbekistan, echoed these sentiments, stating that enhancing cooperation between the two chambers could unlock new avenues for economic growth and development.
Senior Vice President Abdur Rehman Siddiqui and former presidents of ICCI, including M. Ejaz Abbasi, Mian Shaukat Masood, and Zahid Maqbool, underscored the potential for mutual economic advancement, particularly in tourism.
The gathering concluded with optimism about the future of Pakistan-Uzbekistan relations, as attendees recognized the shared commitment to fostering a prosperous partnership that benefits both nations. With a focus on collaboration, innovation, and cultural exchange, the stage is set for a new era of economic cooperation between Pakistan and Uzbekistan.
