Pakistan, Uzbekistan Set $2 Billion Trade Goal

Pakistan and Uzbekistan have agreed to expand their Preferential Trade Agreement, aiming to raise bilateral trade to $2 billion within two years. The move also strengthens cooperation in agriculture, transport, education, and climate resilience.

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Pakistan and Uzbekistan have committed to expanding their Preferential Trade Agreement (PTA), setting a target of $2 billion in bilateral trade over the next two years, up from $450 million last year.

The decision was made during the 10th 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 Uzbekistan’s Trade Minister Laziz Kudratov.

A joint statement said the meeting “enabled a comprehensive review of bilateral relations and established a forward-looking roadmap to strengthen joint efforts in major economic and social sectors.” Both sides agreed to expand the list of tradable items under the PTA and accelerate institutional mechanisms to achieve the $2 billion target.

Key areas of cooperation include trade facilitation, customs digitalisation, logistics, agriculture, higher education, and climate resilience. Khan noted that improved trade corridors and direct air services would “unlock new opportunities for regional connectivity and economic resilience.” Kudratov reaffirmed Uzbekistan’s commitment to diversifying exports and strengthening ties with Pakistan.