Ambassador of Uzbekistan, Oybek Arif Usmanov here on Wednesday said that his country was ready for providing electricity to Pakistan via Peshawar on very reasonable rates. He said that it would also help Pakistan for seeking access to surplus Central Asian electricity to overcome energy shortages.
While talking to a delegation of Federation of Pakistan Chamber of Commerce and Industry (FPCCI), he said that Uzbekistan was already providing power to Afghanistan. He further said that they were looking forward for further enhanced exchange of business delegation and increased co-operation in sectors like textiles, leather, cotton, pharmaceutical and agriculture. Uzbekistan is the world's second largest cotton exporter and sixth largest cotton producer, it can share expertise on insect-resistant cotton and anti-cotton virus technology, he added.
At the occasion head of FPCCI delegation Raza Khan lauded the reform process in Uzbekistan and demanded that it should offer electricity on most affordable rates so that the economy can be bailed out without burdening other sectors. He said that cargo transportation, transit, telecom, IT and public health engineering are some sectors that need attention of the policy makers of both countries. Malik Sohail praised the favourable business conditions, stable gold and currency reserves and steps for protection of investors as well as investments. He said that Uzbekistan should offer extra tax breaks for Pakistani investors.
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