SIFC, Uzbekistan discuss expanding economic and investment cooperation

SIFC, Uzbekistan discuss expanding economic and investment cooperation

DNA

ISLAMABAD: Senior officials of the Special Investment Facilitation Council (SIFC) held an important meeting with Uzbekistan’s Ambassador to Pakistan, Alisher Tukhtaev, to explore opportunities for strengthening bilateral economic and investment cooperation.

During the meeting, both sides held detailed discussions on enhancing collaboration across a range of key sectors, including textiles, food processing, agriculture, real estate, and Special Economic Zones (SEZs). The participants emphasized the importance of utilizing the economic potential of both countries to promote sustainable growth and mutually beneficial partnerships.

Officials reviewed prospects for increasing trade and investment activities and discussed measures to facilitate stronger engagement between the business communities of Pakistan and Uzbekistan. The two sides agreed that closer cooperation between private sectors could play a vital role in unlocking new commercial opportunities and boosting economic links.

The discussions also focused on identifying avenues for joint ventures and investment initiatives in sectors with significant growth potential. Particular attention was given to opportunities within Special Economic Zones, which offer an attractive environment for investors through improved infrastructure and business-friendly policies.

The SIFC officials highlighted Pakistan’s commitment to creating a conducive investment climate and facilitating foreign investors through streamlined procedures and institutional support. They noted that enhanced cooperation with Uzbekistan could contribute to greater regional connectivity and economic integration.

Ambassador Alisher Tukhtaev expressed interest in expanding business-to-business contacts and strengthening economic ties between the two countries. He underscored the importance of regular engagement and collaboration in areas of common interest to achieve shared economic objectives.

Both sides reaffirmed their commitment to further deepening bilateral relations and exploring new opportunities for trade, investment, and industrial cooperation. They also agreed to continue consultations aimed at translating discussions into practical initiatives that would benefit the economies of both countries.

The meeting reflects the growing momentum in Pakistan-Uzbekistan relations and underscores the shared desire of both nations to expand economic partnerships, increase investment flows, and promote long-term regional prosperity through closer collaboration.