Central AsiaPakistan

Pakistan, Uzbekistan Eye Stronger Ties

ISLAMABAD:- Uzbekistan President Shavkat Mirziyoyev arrived in Pakistanโ€™s capital Islamabad on Thursday, with a high-level delegation to identify new avenues for bilateral cooperation in trade, defense, energy and other avenues, state-run media reported.

The visit takes place after the 10th session of the Pakistanโ€“Uzbekistan Intergovernmental Commission (IGC) on Trade, Economic and Scientific-Technical Cooperation was held in Islamabad on Feb. 2. Both sides reaffirmed their $2 billion trade target and agreed to push for regional connectivity, develop trade routes and accelerate cooperation in several sectors.

Mirziyoyev was given a red-carpet welcome when his aircraft landed at the Nur Khan Airbase, the state-run Associated Press of Pakistan (APP) said. He was welcomed by President Asif Ali Zardari, Prime Minister Shehbaz Sharif and senior members of the cabinet.

โ€œDiscussions will focus on reviewing the entire gamut of bilateral relations and identifying new avenues to further deepen cooperation in diverse sectors, including trade, energy, defense, education, people-to-people exchange and regional connectivity,โ€ APP reported.

The Uzbek president will meet President Zardari, hold delegation-level talks with Prime Minister Sharif, and address the Pakistan-Uzbekistan Business Forum during his visit.

Mirziyoyevโ€™s visit takes place two days after Kazakhstan President Kassym-Jomart Tokayev arrived in Islamabad to hold talks on trade, business and connectivity.

Pakistan and Kazakhstan signed 37 memoranda of understanding (MoUs) and set a target of raising bilateral trade to $1 billion within a year during Tokayevโ€™s visit.

Pakistan and Uzbekistan have steadily increased economic ties in recent years as Islamabad seeks greater access to landlocked Central Asian markets, aiming to position itself as a regional transit and trade hub linking South Asia with Central Asia.

Pakistan was the first Central Asian partner with which Uzbekistan signed a bilateral Transit Trade Agreement, along with a Preferential Trade Agreement in March 2022, covering 17 items, which became operational in 2023.

Pakistanโ€™s finance ministry said last month that Azerbaijanโ€™s state energy company SOCAR was set to finalize an investment in the countryโ€™s oil and gas sector following high-level engagements at the World Economic Forum in Davos.

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