Bilateral trade between Pakistan and Uzbekistan has seen a remarkable rise, reaching Rs112 billion ($404 million) this year compared to just Rs33 billion last year. This sharp increase highlights the growing economic cooperation between the two countries.
One of the main reasons behind this growth is improved connectivity. Three new direct flights have been introduced, making travel and business exchanges easier and faster. Along with this, the business visa process has been simplified, allowing approvals in just three days. These steps have created new opportunities for traders and investors on both sides.
In addition to trade, investments worth more than Rs89 billion have been recorded this year, showing that businesses are eager to strengthen ties. Both governments believe this is only the beginning and have set a much higher target for the future.
Under the Special Investment Facilitation Council (SIFC), Pakistan and Uzbekistan aim to expand their trade volume to Rs560 billion in the coming years.
To achieve this, several initiatives are being planned. These include the creation of joint economic zones where businesses from both countries can collaborate, regular B2B (business-to-business) meetings to build partnerships, and trade fairs to showcase products and services. These efforts are designed to not only increase trade but also to deepen regional cooperation and connectivity.
The recent progress reflects the strong potential between Pakistan and Uzbekistan. With continued efforts, both countries hope to create long-term economic benefits and a stronger regional presence, paving the way for sustainable growth and mutual prosperity.
