ISLAMABAD: The Uzbekistan-Pakistan Inter-Governmental Compensation on Trade, Economic and Scientific-Technical Teamwork will certainly satisfy in Tashkent on Wednesday(today) to occupy a variety of issues focused on additional advertising participation between the two countries.
Advisor to the Head Of State on Business as well as Financial Investment, Abdul Razak Dawood will certainly lead the Pakistan delegation at the inter-governmental commission meeting, which additionally includes Assistant of Board of Investment, Fareena Mazhar, and officials from different ministries.
Pakistan really hopes that the sixth session of the Inter-Governmental Payment will certainly be held in an ambience of strategic and economic partnership in between both countries, and will be instrumental in boosting trade as well as economic relationships between the two nations.
According to main sources, a variety of memoranda of understanding will be authorized at the end of the payment’s meeting, including on the promo of investment.
Among the major issues to be discussed throughout the meeting, will be participation in the field of farming, education and learning, scientific research as well as innovation, tourist, details and interaction technologies, real estate as well as communal services, society, labour connections as well as movement development, standardisation and also assessment, transport and communications, as well as young people events.
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Currently, there is no foreign straight financial investment from Uzbekistan to Pakistan and to advertise the investment, a business-to-business conference has been planned to check out bilateral investment opportunities.
The Pakistan delegation will discuss the financial investment opportunities for Uzbek investors in the nation. Uzbek financiers can take advantage to invest with 100 percent equity or joint ventures in numerous fields, sources said. The Special Economic Areas offer eye-catching as well as liberal rewards in addition to facilities, financier assistance solutions to boost performance as well as minimize the cost of operating.
There stands broad range for enhancing reciprocal trade considering that the volume of profession went stale at $43 million for the last two years.
In the textiles sector, Pakistan has the supply base for nearly all synthetic as well as all-natural threads as well as materials, including cotton and rayon. This wealth of basic material is a large advantage for Pakistan as a result of its beneficial influence on expense as well as operational lead time.
Uzbek investors will be used for investment in ginning, spinning, weaving, coloring as well as completing, and garment stitching.