Uzbekistan interested for joint ventures and investment in Pakistan

Islamabad, September 05, 2016 (PPI-OT): A 10 member delegation of Uzbekistan led by Mr. Nodir Atajanov, Deputy Chairman, Uz Agro Sanoatmash holding visited Islamabad Chamber of Commerce and Industry and showed keen interest for joint ventures and investment in Pakistan. The delegation was representing various sectors including agriculture machinery, power production, chemical and petrochemical industry, automobiles, building and plastic material.

Speaking at the occasion, Mr. Nodir Atajanov, Head of Delegation said that Uzbekistan was quite rich in natural resources including copper and gold. He said Pakistan could get good benefits for its economy by improving cooperation with Uzbekistan. He said the purpose of Uzbek delegation’s visit to Pakistan was to explore possibilities of joint ventures and investment in areas of interest. He hoped their visit to Pakistan would open up many new avenues of cooperation between the two countries. The delegation members gave a detailed presentation of their products

In his welcome address, Atif Ikram Sheikh, President, Islamabad Chamber of Commerce and Industry said that the bilateral trade of about US$ 24 million between Pakistan and Uzbekistan was quite low and serious efforts from both sides were needed to improve it. He said agriculture, textile, energy, exploration of mineral resources, chemicals, pharmaceutical, tourism and many other areas offered good potential of mutual cooperation between Pakistan and Uzbekistan.

He said CPEC offered great investment opportunities to foreign investors and added that the participation of Uzbek investors in this historic project would contribute to regional development and prosperity. He stressed that Pakistan and Uzbekistan should focus on establishing direct railway and air links that would go a long way in improving trade activities and people to people contacts.

He said the geographical locations of both countries offered them win-win situation as Pakistan provided shortest land route to Uzbekistan to get better access to South Asia, Middle East and other countries while Pakistan could get easy access to Central Asia by promoting close relations with Uzbekistan. He was hopeful that the visit of Uzbek delegation to Pakistan and its interaction with private sector would help in identifying many new areas of mutual cooperation between the two countries.

For more information, contact:
Khalid Chaudhry
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526, 2253145, 8432676
Fax: +9251 225 2950