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Deputy PM invitations Pakistani businessmen to faucet large potential of Uzbek Market

ISLAMABAD: Deputy Prime Minister for Funding and International Commerce, Jamshid khodjaev stated that there are extreme alternatives for commerce and funding in Uzbekistan for Pakistani businessmen and buyers.

“There are many funding alternatives in Uzbekistan potential areas together with Bokhara, Samarkand and Tashkent during which Pakistani buyers can make investments,” Deputy Prime Minister for Funding and International Commerce, Jamshid khodjaev stated whereas addressing the gathering of Pakistan’s enterprise leaders, together with the consultant from totally different industrial sectors right here.

“We’ll present all amenities to Pakistani buyers and businessmen in Uzbekistan.”

He stated that cooperation between Pakistan and Uzbekistan within the area of vitality can’t be dominated out. The Deputy Minister stated that “we are attempting to resolve all the problems of Pakistan’s buyers and businessmen working with Uzbekistan”.

He stated that in this go to “we mentioned varied measures to extend bilateral commerce in negotiations with the Pakistan authorities.”

He stated that agreements have been signed to facilitate and enhance bilateral and transit commerce in each nations.

The Deputy PM stated that the restructuring of street hyperlinks for regional financial and commerce integration is extraordinarily vital.

On this regard, the governments of Uzbekistan and Pakistan are cooperating totally, which is able to enhance regional commerce not solely between the 2 nations

He stated that we’re seeing new avenues of cooperation between Uzbekistan and Pakistan opening sooner or later, which is able to usher in a brand new period of prosperity within the area.

In the meantime, the Ambassador of Uzbekistan to Pakistan, Aybek Arif Usmanov stated there’s a must deliver the enterprise communities of Pakistan and Uzbekistan nearer in order that commerce between the 2 nations can enhance.

He stated that Pakistan and Uzbekistan have cultural and non secular compatibility which might result in a rise in financial actions in each nations.

In the meantime, businessmen and buyers additionally expressed their views and gave their solutions for rising commerce and funding in each nations.

On the Event, All Pakistan Textiles Mills Affiliation (APTMA) Secretary Normal, Shahid Sattar stated that Pakistan and Uzbekistan have huge commerce potential within the textile sector.

He stated that there’s a want for elevated cooperation on cotton seed improvement in each nations.

Shahid Sattar stated that Uzbekistan can profit from the Generalized Schemes of Choice (GSP-Plus) settlement between Pakistan and the European Union, which is able to enhance financial and commerce actions in each nations.

On the event, Ahmed Jaudet Bilao from the cement sector stated that Pakistan and Uzbekistan want full cooperation within the vitality sector.

He stated that regional financial integration is feasible solely via cooperation within the vitality sector, which is able to enhance financial actions within the area.

The enterprise chief and exporter Khalid Iqbal emphasised on the necessity to rationalize mutual tariff and tax regimes in Pakistan and Uzbekistan.

In the meantime, he stated that there’s a must simplify the visa course of on each side and introduce a number of visas.

Deputy Governor Bokhara , Asadov Rizo Raupovich and Ferghana Valley , Mr Ikboljon Ergashev expressed their views and stated that there are wider alternatives for funding and mutual enterprise for Pakistani buyers in these two areas.

The Deputy Governor of Bukhara stated that there are huge funding alternatives within the tourism sector in Bukhara area for Pakistan’s businessmen and buyers.

Earlier, the Uzbek Deputy Prime Minister arrived along with his delegation in Islamabad and the 2 sides exchanged views on additional strengthening bilateral cooperation in a variety of areas and numerous bilateral agreements and Memoranda of Understanding had been additionally signed.

The high-level Uzbek delegation has additionally met with Prime Minister Shehbaz Sharif within the Prime Minister’s workplace.


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