Islamabad, Uzbekistan’s Deputy Prime Minister for Trade and Investment, Dr. Jamshid Khodjaev, arrived in Pakistan today for a two-day visit. The visit is aimed at further strengthening bilateral trade and investment ties between the two countries.
During his visit, Dr. Khodjaev will meet senior government officials to discuss ways to enhance cooperation in a range of sectors, including trade and investment. He will also lead a delegation of Uzbekistan’s business leaders for meetings with their Pakistani counterparts to explore new opportunities for investment and collaboration.
Pakistan and Uzbekistan have enjoyed close economic ties for many years. The bilateral trade between Pakistan and Uzbekistan has grown substantially in the last three years, from USD 27 million in 2019-20 to USD 126 million in 2022-23. However, this is much below the full potential of bilateral trade between Pakistan and Uzbekistan.
The visit of Dr. Khodjaev is expected to provide further impetus to bilateral trade and investment relations between Pakistan and Uzbekistan. The two countries have a number of complementary strengths and opportunities, and there is significant potential for increased cooperation in a range of sectors.