During the visit of the of the Uzbekistan government delegation to Islamabad, the Deputy PM Jamshid Khojaev held talks with the Prime Minister of Pakistan Shahbaz Sharif.
The parties focused on the consistent increase in the volume of two-way trade, which increased 5 times since 2016. They emphasized that the two countries had untapped potential to boost trade and economic relations, and the Agreement on Transit Trade, signed in March of this year, helps in many ways.
The sides agreed to step cooperation between the relevant ministries and agencies responsible for signing the Preferential Trade Agreement, a document that will allow to bring the trade between Uzbekistan and Pakistan to US$ 500 million in the near future and US$ 1 billion dollars in a few years.
The parties considered prospects of joint efforts on the implementation of large regional transport-logistics projects as one of the priorities for advancing the ties.
Also, the sides reiterated commitment to further advance multifaceted relations and maintain the pace of growing partnership through activation of direct contacts between the ministries and agencies of the two countries and businesses. For this purpose, they agreed to hold a meeting of the Uzbekistan-Pakistan intergovernmental commission in Tashkent in early 2023.