Recent News | Karachi Chamber of Commerce and Industry

Uzbek Ambassador Tukhtaev Boosts Pakistan Ties

During his visit to Karachi from January 2-4, Uzbekistan's Ambassador Tukhtaev emphasized the strong relations between Uzbekistan and Pakistan, citing shared cultural and religious affinities as a foundation for their partnership. He highlighted the recent implementation of a soft visa regime for Pakistani citizens in September 2023, which has facilitated business and tourist travel between the two countries. The ambassador noted that mutual trade between Uzbekistan and Pakistan has tripled over the past five years, reaching $387 million in 2023, with opportunities for further collaboration in sectors such as textiles, pharmaceuticals, and food processing. He announced plans to host a "Made in Uzbekistan" industrial exhibition in Karachi later this year to strengthen economic ties and invited a delegation from the Karachi Chamber of Commerce and Industry (KCCI) to visit Uzbekistan to explore investment opportunities.

https://www.thenews.com.pk/print/1269125-uzbekistan-plans-direct-flights-to-karachi-to-strengthen-ties

Uzbek Ambassador Boosts Trade with Pakistan

Uzbekistan's ambassador to Pakistan emphasized the growing economic cooperation between the two nations, citing a significant increase in mutual trade from $122 million in 2019 to $387 million in 2023. The ambassador highlighted opportunities for collaboration in sectors such as textiles, pharmaceuticals, and agribusiness, and announced plans for a "Made in Uzbekistan" industrial exhibition in Karachi later this year. He also invited a delegation from the Karachi Chamber of Commerce and Industry (KCCI) to visit Uzbekistan to explore investment opportunities in regions such as Bukhara, Sirdarya, Surkhondarya, and Kashkadarya. The ambassador assured full support for government-to-business and business-to-business meetings during such visits, citing Uzbekistan's safe, conducive, and liberal environment for investment.

https://www.thenews.com.pk/latest/1268940-uzbekistan-announces-plans-to-launch-direct-flights-to-karachi

Uzbekistan, Pakistan Launch Direct Flight Route

The Uzbekistan government is planning to introduce a new direct flight route between its country and Karachi, Pakistan this year as part of efforts to strengthen bilateral ties. The announcement was made by Ambassador Alisher Tukhtaev during his visit to Karachi from January 2-4. Uzbekistan has already implemented a soft visa regime for Pakistani citizens in September 2023, facilitating business and tourist travel. Trade between the two nations has tripled over the past five years, rising from $122 million in 2019 to $387 million in 2023. Ambassador Tukhtaev highlighted untapped opportunities for further collaboration in sectors such as textiles, pharmaceuticals, leather and tannery, food processing, and agribusiness. He also announced plans for a "Made in Uzbekistan" industrial exhibition in Karachi later this year and invited a delegation from the Karachi Chamber of Commerce and Industry to visit Uzbekistan to explore investment opportunities.

https://www.geo.tv/latest/583589-uzbekistan-plans-direct-flights-to-karachi-to-strengthen-bilateral-ties

Uzbek Ambassador Offers Visa Ease to Pakistanis

The Uzbek Ambassador announced a soft visa regime for Pakistani citizens starting in September 2024, allowing easier travel between the two nations. The initiative aims to boost economic cooperation and strategic partnerships, with a focus on sectors such as textiles, pharmaceuticals, leather, food processing, agro-businesses, and other industries. The ambassador invited Pakistani businessmen to explore investment opportunities in Uzbekistan's favourable environment, which is considered safe, conducive, and liberal. He also encouraged the Karachi Chamber of Commerce and Industry (KCCI) to send a business delegation to Uzbekistan to strengthen cooperation and facilitate government-to-business and business-to-business meetings.

https://www.thenews.com.pk/print/1268359-uzbek-ambassador-aims-to-boost-bilateral-trade-to-1bn

Uzbekistan's Trade with Pakistan Soars to $387m

Uzbekistan's Ambassador Alisher Tukhtaev stated at a meeting with the Karachi Chamber of Commerce and Industry that bilateral trade between Uzbekistan and Pakistan is expected to reach US$1 billion in the coming years. The current mutual trade has increased from US$122 million in 2019 to US$387 million in 2023, according to Economic & Trade Counselor Bakhrom Yusupov. To facilitate closer ties, direct flights have been initiated between Tashkent and Lahore, with plans to introduce direct flights from Karachi to Uzbekistan this year. The Ambassador encouraged Pakistani citizens to visit Uzbekistan, highlighting the strong cultural and religious affinities between the two countries.

https://www.brecorder.com/news/40340971/uzbekistan-envoy-vows-to-increase-trade-with-pakistan