Laziz Kudratov, Uzbekistan’s Minister of Investments, Industry, and Trade, and Senator Mohammad Ishaq Dar, Uzbekistan’s Federal Minister for Finance and Revenue, co-chaired the 8th session of the Pakistan-Uzbekistan Intergovernmental Commission (IGC) on Trade-Economic and Scientific-Technical Cooperation.
The commission’s main areas of focus were bilateral economic cooperation in a range of industries, including banking, finance, manufacturing, textiles, energy, oil, and natural resources, as well as transportation, communication, agriculture, tourism, and cultural development.
The Uzbek side appreciated the ongoing efforts made by both nations to promote stronger ties, particularly in the areas of trade, transportation, banking, and agriculture. Ishaq Dar praised the progress already made in the areas of trade and transportation and expressed appreciation for the Uzbek side’s deeper interests. He also welcomed their exploration of the markets for natural minerals, information technology, and automobiles. Both parties emphasized the enormous unrealized potential for bilateral trade and investment cooperation. The IGC also acknowledged the significance of closer cooperation in bringing about sustainable development through technological advancement, innovation, and economic cooperation.
The IGC aims to increasing economic diversification, sustainable growth, building supply chain resilience, and robust regulatory environment.
The Commission expressed satisfaction on the bilateral trade volume between the two countries and desired to enhance it further in the future. Moreover, Uzbekistan showed commitment for enhancing bilateral connectivity through diverse modes.
Among others, the meeting was attended Special Adviser to Prime Minister (SAPM), Tariq Bajwa, SAPM to Finance Minister, Zulfiqar Younus, Federal Secretary Economic Affairs Division, Dr. Kazim Niaz, along with other ministry representatives from Pakistan and from Uzbek side, the session was attended by Minister of Sport and Youth Policy, Hamraev Oybek Nematovich and Chairman Chamber of Commerce of Uzbekistan, Ikramov Adham Ilhamovich.
Both the parties agreed to hold the ninth meeting of the Pakistan-Uzbekistan Inter-governmental Commission next year in Pakistan.
