ISLAMABAD: Pakistan and Uzbekistan have agreed to significantly expand bilateral trade, setting an ambitious target of over $2 billion within the next two years, up from about $450 million recorded last year, by broadening the scope of their Preferential Trade Agreement (PTA).
The decision was taken during the 10th session of the Pak-Uzbek Intergovernmental Commission (IGC) on Trade, Economic and Scientific-Technical Cooperation, co-chaired by Haroon Akhtar Khan, Special Assistant to the Prime Minister for Industries and Production, and Uzbek Trade Minister Laziz Kudratov.
Both sides agreed to more than double the list of tradable items under the PTA and expedite institutional mechanisms to achieve the trade target. The meeting also emphasised trade facilitation, logistics improvement, customs digitalisation, transit trade, regional connectivity, labour cooperation, agriculture, education, and climate resilience, underscoring a comprehensive roadmap for deeper economic partnership.
Story by Khaleeq Kiani
