Uzbekistan and Pakistan Set Goal to Boost Trade by $2 Billion

On February 26, Uzbek President Shavkat Mirziyoyev and Pakistani Prime Minister Shehbaz Sharif met in Tashkent and agreed to enhance cooperation in trade, transportation, and cultural exchange.

During the meeting, both leaders expressed satisfaction with the growing bilateral relationship, The Caspian Post reports citing foreign media.

In 2024, trade volume between the two countries exceeded $400 million, and the number of joint ventures reached 130. Additionally, direct flights between Tashkent and Lahore have been resumed.

The two sides discussed plans to boost trade to $2 billion and simplify customs procedures under a recently adopted roadmap. Key areas of cooperation include pharmaceuticals, agriculture, mining, and textiles.

Transport connectivity was a major focus of the discussions. Freight traffic through the Uzbekistan-Afghanistan-Pakistan corridor has increased fivefold in recent years, and the two countries agreed to establish a joint transport and logistics company. They also pledged to advance the Trans-Afghanistan railway project, which aims to enhance regional trade routes.

The two governments also committed to expanding cultural and educational exchanges. Agreements were reached on mutual cultural weeks, tourism development, and cooperation in science, technology, youth policy, and security.

To strengthen long-term cooperation, Uzbekistan and Pakistan will establish a High Council for Strategic Partnership, with its first meeting scheduled for next year.