Pakistan eyes enhanced trade, economic ties with Uzbekistan amid investment push

Pakistan’s Commerce Minister Jam Kamal Khan address media in Karachi, Pakistan, on March 25, 2024. (Team Jam Kamal Khan/X)
Short Url
Updated 03 November 2024
Follow

Pakistan eyes enhanced trade, economic ties with Uzbekistan amid investment push

  • Commerce Minister Jam Kamal Khan arrives in Tashkent for three-day official visit
  • Khan to take part in fourth Uzbekistan-Pakistan Business Forum, says commerce ministry

ISLAMABAD: Pakistan’s Commerce Minister Jam Kamal Khan is in Uzbekistan on a three-day visit aimed at enhancing bilateral trade, commerce and economic ties with the Central Asian state, his ministry confirmed on Sunday, amid Islamabad’s efforts to attract foreign investment to improve its economic prospects.

Pakistan has increasingly sought to enhance regional connectivity to landlocked Central Asian states by providing them access to its warm water ports. It recently offered Central Asian states to become part of the China-Pakistan Economic Corridor project, under which Beijing has pledged around $65 billion in energy, infrastructure and other projects in Pakistan.

Khan arrived in Tashkent on Saturday evening marking the start of his three-day visit to Uzbekistan, the commerce ministry said.

“Key agenda items include strategic meetings with top Uzbek officials such as Deputy Prime Minister Mr. Jamshed Khujaev and Transport Minister Mr. Ilkhom Makhkamov to discuss pivotal projects in trade, investment, and logistics,” the ministry said.

Khan’s visit will feature the ninth session of the Pakistan-Uzbekistan Inter-Governmental Commission (IGC) on Trade-Economic and Scientific-Technical Cooperation, and the fourth Uzbekistan-Pakistan Business Forum, the commerce ministry said. The session will be co-chaired by Khan and Uzbek Minister for Investment, Industry and Trade Mr. Laziz Kudratov.

The ministry said that the Business Forum will host 33 Pakistani business delegates across various sectors for B2B meetings aimed at fostering new partnerships and enhancing trade.

“The minister’s visit reflects both nations’ dedication to deepening economic and technical collaborations and supporting mutual goals, including Uzbekistan’s ongoing WTO accession,” the ministry concluded.

Pakistan has increasingly sought to promote closer ties with regional allies to bolster its fragile $350 billion economy, which is currently suffering from a prolonged macroeconomic crisis.

The South Asian country narrowly avoided a sovereign default last year when it secured a last-gasp $3 billion financial assistance package from the International Monetary Fund (IMF).

Pakistan’s economic crisis saw its inflation reach double-digit figures, foreign exchange reserves plummet to historic lows and its currency weaken significantly against the US dollar over the past two years.


Kazakh president in Pakistan on two-day visit to discuss trade, connectivity, bilateral ties

Updated 03 February 2026
Follow

Kazakh president in Pakistan on two-day visit to discuss trade, connectivity, bilateral ties

  • Pakistan, Kazakhstan share strong ties and strategic partnership, with Islamabad offering landlocked Central Asian republics access to key seaports
  • The visit reflects mutual commitment to transforming historic affinities into robust cooperation, shared desire for peace and progress, Islamabad says

ISLAMABAD: Kazakhstan’s President Kassym-Jomart Tokayev on Tuesday arrived in Pakistan on a two-day official visit to hold talks with the country’s leadership on trade, regional connectivity and bilateral cooperation, according to the Pakistani foreign ministry.

Tokayev is visiting Pakistan, along with a delegation comprising cabinet ministers and high-ranking officials, on the invitation of Prime Minister Shehbaz Sharif, according to the Pakistani foreign ministry.

The visit reflects the strengthening bonds between Pakistan and Kazakhstan, their mutual commitment to transforming historic and cultural affinities into robust cooperation, and their common desire for peace and progress in the region.

Pakistan state television broadcaster footage of PM Sharif and President Asif Ali Zardari welcoming President Tokayev upon arrival at Noor Khan Air Base in the Pakistani garrison city of Rawalpindi on Tuesday evening.

"The visit will provide the two sides an important and timely opportunity to undertake a comprehensive review of bilateral relations, discuss new avenues for broadening cooperation, particularly in trade, logistics, regional connectivity, people-to-people contacts, and explore collaboration at regional and international forums," the Pakistani foreign ministry said.

Relations between Pakistan and Kazakhstan are rooted in shared Islamic heritage and a growing strategic partnership, with Pakistan offering landlocked Central Asian republics access to southern seaports for global trade. Pakistan was among the first countries to recognize Kazakhstan when it gained independence in December 1991 and formally established diplomatic relations with it on Feb. 24, 1992.

The two countries have held regular interactions over the past couple of years on the sidelines of the Shanghai Cooperation Organization (SCO) meetings and other international events. Kazakhstan's Deputy Prime Minister Murat Nurtleu visited Pakistan in September 2025 to discuss economic and trade cooperation with Islamabad.

Islamabad and Astana engage with each other to promote business and political ties via three forums mainly, which are: Bilateral Political Consultations, the Intergovernmental Joint Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation, and the Joint Business Council.

According to the government of Kazakhstan, bilateral trade between the two countries amounted to $53.7 million in 2024. Pakistan's main exports to Kazakhstan include citrus fruits, pharmaceutical products, garments, soap, sports equipment and gear and others.

Kazakhstan’s exports to Pakistan primarily include onions and garlic, dried leguminous vegetables, oats, buckwheat and other cereal grains, seeds and fruits of other oil-bearing crops, among others.