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ISLAMABAD: Pakistan and Uzbekistan signed on Friday a $1 billion deal to increase bilateral trade, a statement from Pakistan’s Ministry of Economic Affairs said.

The deal was sealed at the 8th meeting of the Pakistan-Uzbekistan Inter-governmental Commission on Trade-Economic and Scientific-Technical Cooperation (IGC) held in Tashkent.

Both countries signed the agreement to encourage the exchange of goods and services, the ministry said in its statement.

“The 8th meeting of Pak-Uzbek Inter-governmental Commission on Trade-Economic and Scientific-Technical Cooperation was held in Tashkent today,” it said.

“Both countries signed a one billion dollar trade agreement to encourage exchange of goods and services.”

Robust trade relations between US, Pakistan ‘more important than ever’: US State Dept

Any investment opportunities would come as a boost to Pakistan which is facing a balance of payment crisis, with foreign reserves falling to just three weeks of import cover.

Pakistan’s Finance Minister Ishaq Dar was leading the delegation to thrash out the trade agreements, which cover cooperation in fields including trade, banking, industries, energy and agriculture, the ministry added.

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Rizwan Feb 24, 2023 06:41pm
Trade deals with countries on Mars and Jupiter What about a trade deal with India. Why is our government so clueless about the obvious benefits.
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Tulukan Mairandi Feb 24, 2023 11:15pm
What will Pakistan import from Uzbek? Uzbekistani people's excrement for consumption by Pakistan's poor? I.e. as a dip for Roti as meat (for haleem), onion and pulses price increase?
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