- Pakistan is establishing long-term economic cooperation with Central Asia, including plans to join the International North-South Transport Corridor.
- Uzbekistan and Pakistan discussed strengthening economic cooperation, focusing on leveraging railway connectivity and investment to link Central Asian markets to Pakistani ports.
Uzbekistan and Pakistan target $2 billion in expanded bilateral trade
What happened
Foreign ministers of Uzbekistan and Pakistan discussed expanding bilateral trade, investment, and economic cooperation during a phone call on November 1. Bakhtiyor Saidov, Uzbekistan's Foreign Minister, spoke with Senator Mohammad Ishaq Dar, Pakistan's Deputy Prime Minister and Foreign Minister. The two sides set a target to increase trade turnover to $2 billion and discussed developing logistics infrastructure.
From trend.az
Why it matters
The talks aim to strengthen the strategic partnership between Uzbekistan and Pakistan by increasing economic ties and promoting joint ventures. This cooperation focuses on developing logistics infrastructure to link Central Asian markets to Pakistani ports.
Uzbekistan and Pakistan are working to strengthen economic cooperation, specifically by using railway connectivity and investment to link Central Asian markets to Pakistani ports.
From trend.az
Who's involved
- Bakhtiyor SaidovUzbek Foreign Minister who led the bilateral talks.
- PakistanSovereign state whose foreign minister participated in the talks.
- UzbekistanSovereign state whose foreign minister participated in the talks.
- Ishaq DarDeputy Prime Minister and Foreign Minister of Pakistan who participated in the talks.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- UzbekistanSpeculative
Uzbekistan might increase bilateral trade and investment targets through geopolitical dependency.
- Pakistan RailwaysSpeculative
Pakistan Railways may experience a boost in rail transport demand from increased bilateral trade and logistics focus.
- PunjabSpeculative
Punjab could see improved regional economic activity from better logistics infrastructure and trade links.
Keep exploring
The entities involved
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Bakhtiyor Saidov
Uzbek diplomat and politician (born 1981)
Nothing else this week.
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Pakistan
sovereign state in South Asia
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Uzbekistan
sovereign state in Central Asia
Related events
- Pakistan is exploring closer ties with China, focusing on cooperation in IT, energy, and agriculture, alongside celebrating the 75th anniversary of diplomatic relations.
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- Diplomatic talks are currently underway in Pakistan, and the Pakistani Prime Minister has announced plans for a visit to Russia.
- Commercial trade has been suspended between two nations involving Pakistan.