Thursday, 24, May, 2018

Economy

The draft Presidential decree "On creation of a small industrial zone in Yangiyer city in Syrdarya region" has been posted on IASLA (Impact Assessment System of Legislative Acts) portal for public discussion.

The Dec 21 Presidential Resolution has approved a program for further development of the textile and sewing-knitwear industry in the country for 2017-2019.

From January 1, 2017 the Government of Uzbekistan has increased the rate of mandatory insurance contributions of citizens to the Off-budget Pension Fund under the Ministry of Finance from 7.5% to 8%.

On 27-28 December in Dushanbe was held the 4th meeting of the Intergovernmental commission on trade-economic cooperation between Uzbekistan and Tajikistan.

Officials from the Ministry of Agriculture, Irrigation and Livestock (MAIL) on Monday said that the process of exporting nearly 100,000 tons of wheat from Uzbekistan to Afghanistan will start within three months.

On December 26, Tashkent hosted the second meeting of the Joint Trade, Transport and Energy Commission between Uzbekistan and Afghanistan. The meeting was chaired by the Uzbek Foreign Economic Relations, Investments and Trade Minister, Elyor Ganiev and senior adviser to Afghan President, Humayun Kayumi.

Pakistan and Uzbekistan need to make efforts to enhance cooperation in the economic and commercial fields and fully exploit the huge potential for mutual trade Prime Minister Nawaz Sharif emphasized.

The Kazakhstan Ambassador to Uzbekistan, Erik Utembayev on Dec 23 announced that Uzbek and Kazakh authorities are working on simplification of border crossing procedure, Turkistan Press IA said.

Uzbek Export Corporation and KASB Group have signed agreements to set up the Uzbek-Pakistani Trade House, aimed at introducing technologically advanced agricultural equipment in Pakistan, as the country struggles to enhance per-acre yield due to application of obsolete technology, The Express Tribune reported.

The official foundation stone laying ceremony for the new glass production and deep processing unit, to be built by the Chinese Minyuan Sylu, took place on December 16 at Jizzakh free economic zone, Xinhua said.