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Business council with Uzbekistan proposed

ISLAMABAD: Com­merce Minister Khurram Dastgir Khan said on Thursday the Pakistan-Uzbekistan Joint Business Council will be established to increase cooperation between the private sectors of the two countries.

The minister said this while chairing a meeting with an Uzbek delegation headed by Uzbekistan’s Deputy Prime Minister Ulugbek Rozukulov.

The minister underscored the need for the two countries to explore investment opportunities in agricultural, pharmaceutical, textile and sports goods sectors.

The minister informed the visiting delegation that the Ministry of Commerce has chalked out a comprehensive plan for trade promotion exclusively focused on Central Asia.

The minister said the visit will be helpful in promoting trade and economic relations between the two countries.

Mr Khan informed the delegation tremendous trade potential exists between the two countries and that the bilateral trade is not reflective of the true trade potential.

The trade volume between the two countries was $3.92 million in 2015-16 after increasing from $2.98m in the preceding year.

courtesy : dawn news



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