In a significant move to boost economic cooperation and regional connectivity, the initial trilateral meeting among Pakistan, Afghanistan, and Uzbekistan was held in Islamabad.
During a joint press conference, Caretaker Minister for Trade and Industry Gohar Ijaz and Uzbek Deputy Prime Minister discussed efforts to strengthen trade ties between the nations. Caretaker Federal Minister for Commerce and Industry Dr. Gohar Ejaz announced that the current bilateral trade between Pakistan and Uzbekistan has reached $100 million. The discussion also touched upon the potential opening of banking channels to enhance economic collaboration.
In a notable revelation, the Uzbek Deputy Prime Minister expressed eagerness to expand trade with Pakistan, highlighting positive strides in digitalizing trade. Plans for monthly working group meetings, as well as discussions on the Trans-Afghan Rail Project, were disclosed. Trilateral talks with Afghanistan focused on simplifying customs procedures to facilitate smoother cross-border trade.
The meeting, co-chaired by the Trade Ministers of Pakistan and Afghanistan and the Deputy Prime Minister of Uzbekistan, prioritized the promotion of trade relations among the three nations. The agenda included a comprehensive review of investment opportunities across various sectors, with an emphasis on joint ventures, public-private partnerships, and increased foreign direct investment. Infrastructure development to facilitate trade emerged as a key topic of discussion.
Commerce Minister Dr. Gohar Ijaz highlighted the potential for trilateral cooperation to accelerate economic development in the three countries. He expressed optimism that, by leveraging their strengths and resources, Pakistan, Afghanistan, and Uzbekistan could explore new markets and foster economic growth. The tripartite meeting represented a significant stride toward a more interconnected and mutually beneficial regional collaboration.
