Uzbekistan shows interest to invest in E-Commerce, trade, industry in Pakistan.

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ISLAMABAD: Uzbek Ambassador to Pakistan, Aybek Arif Usmanov, called on Federal Minister for Commerce Syed Naveed Qamar on Tuesday and shown keen interest to invest in E-Commerce, trade and industry in Pakistan

During the meeting, Syed Naveed Qamar acknowledged the enormous potential for trade between the two countries and said that there was a need to identify new sectors for cooperation.

He assured the Ambassador of his full support and cooperation to explore avenues for mutual investments to meet actual potential of the trade and appreciated the Ambassador’s efforts to enhance bilateral trade.

The Ambassador expressed his interest in trade, industry, and e-commerce sectors and emphasized the need to take more practical steps to meet the 1 billion action plan between Pakistan and Uzbekistan.

He said bilateral trade relations had shown a positive trend, and trade data of FY 2021-22 reflects a growth of nearly USD 91 million (with exports amounting to USD 57 million)
Whereas Pakistan’s exports to Uzbekistan have doubled from US S36.56million in July-March FY 2021-22 to US S73.12million during July-March FY 2022-23.

He also agreed with the minister that if we could remove unwanted barriers then the trade volume could touch the 5 billion very easily.

The Ambassador also acknowledged and appreciated the Minister’s efforts for recent consolidation among political parties to bring them all on the negotiation table.

The two sides agreed to continue working closely together to identify opportunities for cooperation in trade, investment, and other sectors.

The meeting ended on a positive note, with both sides expressing their commitment to strengthening bilateral relations between Pakistan and Uzbekistan.