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    PPP Emerges as Largest Party in Gilgit-Baltistan Elections; PM Shehbaz Congratulates Voters and Winning Candidates

    PPP Emerges as Largest Party in Gilgit-Baltistan Elections; PM Shehbaz Congratulates Voters and Winning Candidates

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    Supreme Court Declares Acid Attacks More Heinous Than Murder, Calls for Lifetime Support for Survivors

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    Zakhakhel Tribesmen Block Torkham Highway, Announce Self-Defence Measures After Double Killing

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    Federal Budget Likely on June 12 as Centre, Provinces Continue Talks Over Fiscal Disputes

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    PPP Emerges as Largest Party in Gilgit-Baltistan Elections; PM Shehbaz Congratulates Voters and Winning Candidates

    PPP Emerges as Largest Party in Gilgit-Baltistan Elections; PM Shehbaz Congratulates Voters and Winning Candidates

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    Supreme Court Declares Acid Attacks More Heinous Than Murder, Calls for Lifetime Support for Survivors

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    BISP Chairperson Urges Apology Over Remarks Allegedly Hurting Beneficiaries’ Dignity

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    Seven Civilians, Four Security Personnel Killed in Rawalakot Clashes as AJK Unrest Deepens

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    PTI Alleges Pre-Poll Rigging in Gilgit-Baltistan, Criticises Massive Security Deployment Ahead of Elections

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    Government Cuts Petrol and Diesel Prices by Rs22 Per Litre

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    Pakistan, Lebanon Military Chiefs Discuss Regional Security and Defence Cooperation at GHQ

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  • Environment
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    UK-backed Climate Finance Accelerator supports 11 climate businesses in Pakistan

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    Pakistan ranked most polluted country in 2025, data shows

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    PMD Forecasts Nationwide Rain, Thunderstorms from March 24 to 30, Warns of Floods and Hailstorms

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    Massive Blizzard Halts Travel Across U.S. Northeast, Over 5,700 Flights Canceled

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    After Beijing Compact: The Long Road Ahead For Enduring China-Pakistan Relations

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Pakistan, Uzbekistan Sign Protocol to Boost Bilateral Trade to $2 Billion in Five Years

News Desk by News Desk
February 5, 2026
in Business, Latest, National
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Pakistan, Uzbekistan Sign Protocol to Boost Bilateral Trade to $2 Billion in Five Years
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ISLAMABAD (MNN); Pakistan and Uzbekistan on Thursday signed a landmark protocol aimed at increasing bilateral trade to $2 billion over the next five years, as Prime Minister Shehbaz Sharif and Uzbek President Shavkat Mirziyoyev held extensive talks in Islamabad.

The protocol was among 28 agreements and memoranda of understanding signed on the first day of President Mirziyoyev’s two-day official visit to Pakistan. Under the agreement, a joint working group will be established to formulate a five-year roadmap identifying priority sectors for trade and economic cooperation.

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Prime Minister Shehbaz said the talks were warm and highly productive, covering trade, investment, regional connectivity, education, culture, and global and regional issues. He congratulated President Mirziyoyev on being awarded the Nishan-i-Pakistan, Pakistan’s highest civil honour.

According to officials, agreements were signed in diverse areas including defence cooperation, climate change, disaster management, agriculture, mining, pharmaceuticals, sports, IT and digital technologies, maritime trade, SMEs, and combating drug trafficking. Protocols were also signed to expand the list of goods under the Preferential Trade Agreement and to establish a Pakistan–Uzbekistan Interregional Forum.

In defence, both sides agreed on an action plan to enhance military cooperation. In the digital sector, an MoU was signed to promote collaboration in innovation, digital infrastructure and technology exchange. Maritime cooperation agreements aim to promote trade through Karachi, Gwadar and Port Qasim.

Academic and research cooperation was strengthened through agreements between universities and think tanks of both countries. City-to-city partnerships were also announced between Islamabad and Samarkand, and Peshawar and Termez, alongside the establishment of a joint business council.

Addressing the ceremony, PM Shehbaz highlighted the deep historical, cultural and spiritual ties between Pakistan and Uzbekistan, rooted in the ancient Silk Route. He described the Uzbekistan-Afghanistan-Pakistan railway project as a potential game changer for regional connectivity and pledged joint efforts to mobilise funding for it.

President Mirziyoyev described Pakistan as Uzbekistan’s closest and most reliable partner in South Asia, praising the reforms and economic progress under PM Shehbaz’s leadership. He termed the newly signed protocol historic, calling it the first of its kind in Uzbekistan’s diplomatic history.

Both leaders reaffirmed their commitment to expanding trade, strengthening defence and security cooperation, promoting peace in the region, and enhancing collaboration in education, science, technology and connectivity.

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