AGL 23.81 Decreased By ▼ -0.54 (-2.22%)
AIRLINK 103.60 Increased By ▲ 0.60 (0.58%)
BOP 5.66 Decreased By ▼ -0.05 (-0.88%)
CNERGY 3.93 Decreased By ▼ -0.03 (-0.76%)
DCL 8.36 Decreased By ▼ -0.14 (-1.65%)
DFML 41.70 Decreased By ▼ -1.29 (-3%)
DGKC 88.30 Decreased By ▼ -0.60 (-0.67%)
FCCL 22.70 No Change ▼ 0.00 (0%)
FFBL 40.88 Increased By ▲ 2.68 (7.02%)
FFL 8.96 Decreased By ▼ -0.15 (-1.65%)
HUBC 160.49 Decreased By ▼ -3.21 (-1.96%)
HUMNL 11.46 Decreased By ▼ -0.34 (-2.88%)
KEL 4.82 Decreased By ▼ -0.03 (-0.62%)
KOSM 4.09 Decreased By ▼ -0.04 (-0.97%)
MLCF 38.60 Increased By ▲ 0.19 (0.49%)
NBP 53.60 Increased By ▲ 0.75 (1.42%)
OGDC 130.60 Decreased By ▼ -2.29 (-1.72%)
PAEL 25.36 Decreased By ▼ -0.29 (-1.13%)
PIBTL 6.25 Decreased By ▼ -0.13 (-2.04%)
PPL 118.90 Decreased By ▼ -0.60 (-0.5%)
PRL 23.95 Decreased By ▼ -0.65 (-2.64%)
PTC 12.92 Increased By ▲ 0.28 (2.22%)
SEARL 59.11 Decreased By ▼ -0.49 (-0.82%)
TELE 7.43 Decreased By ▼ -0.06 (-0.8%)
TOMCL 34.99 Decreased By ▼ -0.16 (-0.46%)
TPLP 8.72 Decreased By ▼ -0.13 (-1.47%)
TREET 15.90 Increased By ▲ 0.10 (0.63%)
TRG 55.95 Decreased By ▼ -1.95 (-3.37%)
UNITY 34.95 Increased By ▲ 0.06 (0.17%)
WTL 1.20 Decreased By ▼ -0.02 (-1.64%)
BR100 8,536 Decreased By -8.5 (-0.1%)
BR30 27,187 Decreased By -204 (-0.74%)
KSE100 79,944 Decreased By -48.3 (-0.06%)
KSE30 25,500 Decreased By -43.9 (-0.17%)

ISLAMABAD: Pakistan, Afghanistan, and Uzbekistan can tap into new markets and expand their economies by leveraging their strengths and resources, said Dr Gohar Ejaz, caretaker federal minister for commerce.

This, he stated while addressing the trilateral meeting between Pakistan, Uzbekistan, and Afghanistan for regional trade and cooperation.

The commerce ministers of Pakistan and Afghanistan, and the deputy prime minister of Uzbekistan co-chaired the first trilateral meeting on Tuesday aimed at strengthening economic ties, regional cooperation and connectivity.

Uzbek-Pak trade volume reaches $180m so far this year: envoy

The meeting focused on boosting trade relations among the three nations. Discussions centred around reducing trade barriers, simplifying customs procedures, and promoting smoother cross-border trade.

The commerce ministers explored investment prospects in various sectors which would open up avenues for joint ventures, public-private partnerships, and increased foreign direct investment.

Recognising the importance of regional connectivity, the ministers discussed ways to enhance transportation networks and promote infrastructure development to facilitate the movement of goods.

“The trilateral cooperation is expected to stimulate economic growth in all three countries. By leveraging their strengths and resources, Pakistan, Afghanistan, and Uzbekistan can tap into new markets and expand their economies,” said Dr Ejaz.

“By promoting economic interdependence and cooperation, we can build a foundation for sustainable development and prosperity in the region.” said the minister.

The trilateral meeting marks an important step towards closer economic cooperation and sets the stage for increased trade, investment, and connectivity, benefiting all three countries and paving the way for a prosperous and integrated region, he added.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Rapid Fire Nov 15, 2023 11:38am
India talks with US, EU to expand trade. We talk to Afghanistan and Uzbekistan.
thumb_up Recommended (0)