Business
Pakistan, Uzbekistan to formulate strategy for trade through Afghanistan
Pakistan’s minister of commerce Syed Naveed Qamar met with Uzbekistan’s deputy prime minister Khodjave Jamshid Abdukhakimovich in Islamabad on Monday where they agreed to formulate a joint strategy for transit trade through Afghanistan.
In line with this, the two politicians signed a number of MoUs to promote trade between Pakistan and Uzbekistan.
They also agreed to jointly take up issues faced by transporters from both countries with the Islamic Emirate of Afghanistan (IEA).
According to a statement issued by Pakistan’s ministry of commerce, the tentative date for a joint visit to Kabul would be in the last week of January 2023.
“Both sides agreed to formulate [a] Joint Strategy for transit trade through Afghanistan. Regional understanding on Transit and Trade Framework to be prepared including Joint fund/mechanism for upkeep of road infrastructure in Afghanistan,” read the statement.
The purpose of the meeting was to follow up on initiatives undertaken between the two countries and to prepare an action plan to enhance trade turnover to $1 billion, the statement read.