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Pakistan, Uzbekistan sign multiple agreements, establish strategic council to strengthen cooperation

Pakistan, Uzbekistan sign multiple agreements, establish strategic council to strengthen cooperation
Prime Minister Shehbaz Sharif and Uzbek President Shavkat Mirziyoyev witness the MOUs and Agreements exchange ceremony between Pakistan and Uzbekistan in Tashkent on February 26, 2025. (PMO)
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Updated 26 February 2025

Pakistan, Uzbekistan sign multiple agreements, establish strategic council to strengthen cooperation

Pakistan, Uzbekistan sign multiple agreements, establish strategic council to strengthen cooperation
  • Leaders vow that bilateral trade, which currently exceeds $400 million, would be increased to reach $2 billion
  • Under strategic council, ministries and relevant bodies will report monthly on implementation of projects

ISLAMABAD: Pakistan and Uzbekistan on Wednesday signed a joint declaration to establish a High-Level Strategic Council aimed at strengthening economic, diplomatic and security cooperation, as Prime Minister Shehbaz Sharif met Uzbek President Shavkat Mirziyoyev during a state visit to Tashkent.Ìę
Sharif landed in Tashkent late Tuesday following a visit to Baku, during which multiple agreements were signed to enhance cooperation in trade, energy, tourism and education, among other sectors.Ìę
Pakistan is seeking to leverage its strategic position as a key trade and transit hub to connect the landlocked Central Asian republics to the global market. Since last year, there has been a flurry of high-level visits, investment discussions and other economic engagements between Pakistan and the Central Asian states.
On Wednesday, Sharif arrived at the Congress Center in Tashkent, where he was received by the Uzbek president. The two leaders jointly oversaw the signing of multiple memoranda of understanding (MoUs) covering trade, technology, security, youth affairs and media cooperation.
“This historic visit is an important event that will open a new chapter in the expansion of our strategic partnership,” Mirziyoyev said after the signing of the agreements, vowing to increase bilateral trade, which currently exceeds $400 million, to $2 billion.




A photo of Prime Minister Shehbaz Sharif and Uzbek President Shavkat Mirziyoyev during the Pakistani prime minister's visit to Tashkent on February 26, 2025. (Photo courtesy: PMO)

“We have also decided to establish a High-Level Strategic Council ... Once in two months we will have calls by mobile phones. Once a month, all the ministries and relative bodies will report to us in the online format on the implementations of the instructions and measures.”
He said the council would evaluate challenges to bilateral cooperation and work to address them.
Speaking about the status of economic ties, he said there were at least 130 joint ventures between the two nations while more trade houses had been opened in Karachi and Tashkent.Ìę
An intergovernmental commission was “working effectively” while many political consultations, business events and exhibitions of national products had been successfully organized, and more were in the works.Ìę
“The chairperson of Uzbek central bank will go to Pak and his counterpart will come here. We will resolve any possible challenges,” the Uzbek leader said.Ìę
Mirziyoyev said he had also held detailed discussions with Sharif on regional connectivity with a focus on the trans-Afghan rail service aimed at linking the three countries.Ìę
“We are planning to increase the trade turnover to $2 billion and we will increase the industrial cooperation, develop the transport and logistic connections, we will create favorable conditions and incentives for the entrepreneurs and that was the main topic for our discussions today,” the Uzbek president said.Ìę
“And regarding the pharmaceuticals, textiles, leather industry, agriculture, honorable Prime Minister [Shehbaz Sharif] also made the proposals on the energy, geology, and the mining spheres, to develop those industries and to have regional cooperation and access to third countries.”
While air travel had already been launched between Tashkent and Lahore, the number of flights would be increased and new routes introduced connecting Samarkand and Bukhara to Karachi, Mirziyoyev added.Ìę

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Speaking at the occasion, Sharif said the two leaders had discussed and decided on “a joint way forward in economic terms.”
“We will explore joint projects such as the Afghan railway connectivity, which will be a game-changer not only for Pakistan and Uzbekistan but for the entire region,” he said, adding that they had also discussed cooperation in mining and minerals, the potential for investment in each other’s economic zones, and the expansion of trade.Ìę
“We will also expand tourism, allowing people from Peshawar, Quetta, Karachi, and Lahore to visit Bukhara and Samarkand, while the people of Uzbekistan will also come to visit the historic sites in Pakistan,” Sharif said.
“I look forward to increasing flight connectivity between Tashkent, Lahore, Karachi, and other cities, to facilitate greater interaction and cooperation between our nations. Through industry, investment, agriculture, trade, and culture, we will strengthen our ties and build on the roots of our shared history.”
Among the MoUs signed was one for cooperation between news agencies, and others on youth affairs, science and visa-free travel.
Sharif and Mirziyoyev are also scheduled to participate in a Pakistan-Uzbekistan Joint Business Forum after their bilateral meeting, while the Pakistani prime minister will visit the Tashkent-based Technopark, where he will tour Uzbekistan’s industrial manufacturing units.Ìę
Uzbekistan is the largest consumer market and the second-biggest economy in Central Asia. It is central to Pakistan’s regional connectivity plans and was the first Central Asian nation with which Pakistani officials signed a bilateral Transit Trade Agreement (UPTTA) and a Preferential Trade Agreement (PTA) covering 17 items.
A landmark moment in the relationship was the signing of the Joint Declaration on the Establishment of a Strategic Partnership during a high-level Pakistani visit to Uzbekistan on July 15-16, 2021. This was followed by President Shavkat Mirziyoyev’s visit to Pakistan on March 3-4, 2022, which resulted in the signing of another Joint Declaration on Further Steps to Enhance the Strategic Partnership and multiple agreements covering trade, investment, and economic cooperation.
In February 2023, Pakistan and Uzbekistan signed a $1 billion trade deal to enhance bilateral commerce, facilitating the exchange of goods and services.Ìę
Last month, Uzbekistan’s Ambassador to Pakistan, Alisher Tukhtaev, announced plans to launch direct flights between Uzbekistan and Pakistan’s southern port city of Karachi. Uzbekistan and Pakistan are also working toward optimizing cargo flows, green corridors at border customs points, and digitalization of customs clearance processes to facilitate smoother trade operations.

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Over 50 Pakistani companies showcase food, agro products at Germany trade fair

Over 50 Pakistani companies showcase food, agro products at Germany trade fair
Updated 05 October 2025

Over 50 Pakistani companies showcase food, agro products at Germany trade fair

Over 50 Pakistani companies showcase food, agro products at Germany trade fair
  • The ANUGA 2025 trade fair has brought together 8,000 exhibitors from 110 countries, according to the organizers
  • Pakistan Pavilion showcases rice, processed foods, pink salt, fruit juices and other value-added agro products

ISLAMABAD: More than 50 Pakistani companies are showcasing a diverse range of food and agro products at ANUGA 2025 trade fair in Germany, a Trade Development Authority of Pakistan (TDAP) official said on Sunday, reflecting Pakistan’s growing potential in the global food market.

ANUGA 2025, touted as the world’s largest trade fair for food and beverage industry, is being held in Cologne from Oct. 4 till Oct. 8, bringing together around 8,000 exhibitors from 110 countries.

The fair is expected to be attended by 140,000 visitors from nearly 200 nations and present an opportunity for manufacturers to market their products to regions around the globe.

The Trade Development Authority of Pakistan (TDAP) has set up Pakistan Pavilion at the fair that is designed to highlight the country’s rich agricultural heritage, showcasing advancements in food processing and its adherence to global standards.

“The pavilion highlights Pakistan’s diverse offerings, including rice, processed foods, pink salt, fruit juices, and other value-added agro products,” Hina Tahir, a deputy director at TDAP, told Arab News.

Pakistan’s agro and food exports have shown growth in recent years, rising by 1.62 percent to $5.75 billion during the first nine months of FY 2024–25 (July–March), up from $5.66 billion a year earlier, according to the Pakistan Bureau of Statistics (PBS). In the 2023–24 financial year, the country achieved a historic milestone as agro exports reached $8 billion, marking a 37 percent increase over the previous year’s $5.8 billion.

ANUGA 2025 serves as an unparalleled platform for Pakistani exporters to engage in direct business matchmaking with international buyers, explore new market opportunities, and strengthen Pakistan’s footprint in the global food supply chain, according to the official.

Out of a total of 54 Pakistani firms, 34 companies are exhibiting products at Pakistan Pavilion, while the remaining are participating in the exhibition in their private capacity. Pakistani exhibitors are taking part in pre-arranged business matchmaking sessions with international buyers, attending sector-focused networking events, and pursuing partnership opportunities across Europe, the Middle East and other global markets.

“This integrated strategy seeks to draw foreign investment, foster bilateral trade partnerships, and position Pakistan as a competitive supplier and a growing hub for regional agro-business cooperation,” she said.

In addition to exhibiting export-ready products, Tahir said, the TDAP also plans to use the ANUGA 2025 platform to promote Pakistan’s International Food and Agriculture Exhibition (FoodAg) 2025, scheduled to be held in Karachi on Nov. 25-27.


Islamabad to crack down on smoke-emitting vehicles from Nov. 17

Islamabad to crack down on smoke-emitting vehicles from Nov. 17
Updated 05 October 2025

Islamabad to crack down on smoke-emitting vehicles from Nov. 17

Islamabad to crack down on smoke-emitting vehicles from Nov. 17
  • Vehicular emissions remain top contributors to air pollution in Pakistan
  • Unfit vehicles will be fined or impounded during surprise emission checks

ISLAMABAD: Pakistan’s Environmental Protection Agency (EPA) will launch a crackdown on smoke-emitting vehicles in the federal capital of Islamabad from Nov. 17 to curb air pollution ahead of the smog season, state media reported on Sunday.

Smog is caused by crop burning, vehicular emissions and industrial pollution. It harms health, reduces visibility and degrades air quality. The smog season begins in late October, peaks from November to January and lasts through February.

In June, Pakistan began emission testing for vehicles entering Islamabad to curb air pollution by measuring exhaust pollutants such as carbon monoxide, hydrocarbons and nitrogen oxides for compliance with environmental standards.

Authorities will fine and impound vehicles during surprise inspections and on-the-spot emission tests during the crackdown across the federal capital, according to the Associated Press of Pakistan (APP).

“This campaign is not only about enforcement but also awareness,” Muhammad Saleem Shaikh, a climate change ministry spokesperson, was quoted as saying.

“Public education efforts are underway to encourage voluntary compliance and ensure cleaner air for Islamabad’s residents. Protecting ourselves, our families and our environment from the harmful effects of air pollution and smog is a collective responsibility.”

Pakistan’s urban centers routinely rank among the most polluted cities in the world, with vehicular emissions remaining one of the top contributors to urban air pollution, according to the report. This severe air pollution poses a serious threat to public health, undermines economic productivity and diminishes the quality of life for millions of residents.

Shaikh urged all vehicle drivers and owners to cooperate with EPA teams, get their vehicles tested before the crackdown begins next month, and obtain official clearance to avoid penalties.

“We urge citizens to avoid unnecessary use of vehicles, use public transport, ensure regular maintenance to minimize smoke emissions and refrain from burning waste or leaves in open spaces,” he said.


Pakistan sends first batch of rare earth elements to US under $500 million deal — report

Pakistan sends first batch of rare earth elements to US under $500 million deal — report
Updated 05 October 2025

Pakistan sends first batch of rare earth elements to US under $500 million deal — report

Pakistan sends first batch of rare earth elements to US under $500 million deal — report
  • The US-Pakistan agreement, signed on Sept. 9, aimed to create a framework for joint development of the entire mineral value chain
  • We see this as the first step to bolster economic trade and friendship between our two countries, the US Strategic Metals firm says

ISLAMABAD: Pakistan has dispatched its first ever shipment of rare earth and critical minerals to the United States (US), a Chicago-based US public relations (PR) firm said this week, following a landmark $500 million deal between the two countries.

The development comes weeks after American firm US Strategic Metals (USSM) and Pakistan’s Frontier Works Organization (FWO) signed the agreement for collaboration across a range of critical minerals essential for the defense, aerospace and technology industries.

The agreement was signed between American firm US Strategic Metals (USSM) and Pakistan’s Frontier Works Organization (FWO) at the Prime Minister’s House in Islamabad, according to the US embassy in Islamabad.

It aimed to create a framework for joint development of the entire mineral value chain, including exploration, beneficiation, concentrate production and eventual establishment of refineries in Pakistan.

“In a historic milestone for bilateral cooperation, Pakistan has successfully delivered its first batch of enriched rare earth elements and critical minerals to US Strategic Metals (USSM) in the United States,” PR Newswire, an American public relations firm headquartered in Chicago, said this week.

“This achievement inaugurates a $500 million partnership framework, signed earlier this month, and signals the beginning of a new chapter in the Pakistan–US strategic partnership.”

In this first shipment, Pakistan has indigenously sourced and prepared antimony, copper concentrate, rare earth elements with neodymium and praseodymium, strategic and economic significance, according to the PR firm.

With this first delivery and a multi-phase investment framework underway, Pakistan is now positioned as a rising force in the global critical mineral economy.

“We see this as the first step in our exciting journey together with the Frontier Works Organization of Pakistan to provide critical minerals to the United States and bolster economic trade and friendship between our two countries,” USSM CEO Stacy W. Hastie was quoted as saying.
 


Pakistan witnesses significant drop in default risks, stands second globally — finance adviser

Pakistan witnesses significant drop in default risks, stands second globally — finance adviser
Updated 05 October 2025

Pakistan witnesses significant drop in default risks, stands second globally — finance adviser

Pakistan witnesses significant drop in default risks, stands second globally — finance adviser
  • The South Asian country is second only to Turkiye, recording 22 percent reduction in default risk since June last year
  • The decline results from macroeconomic stability, structural economic reforms, timely debt servicing, official says

ISLAMABAD: Pakistan has witnessed one of the sharpest drops in sovereign default risks and stands second worldwide based on Credit Default Swap-implied probability, the country’s finance adviser said on Sunday, citing data from Bloomberg.

A Credit Default Swap-implied probability is the market’s forward-looking estimate of the probability of a borrower defaulting on their debt as derived from the spread of their Credit Default Swap (CDS) contract.

The South Asian country is second only to Turkiye in the Emerging Market (EM) rankings, recording 22 percent reduction in default risk over the last 15 months from June 24 till September 25, according to Khurram Schehzad, adviser to the finance minister.

“Default probability down by a massive 2,200 basis points,” Schehzad said on X. “Pakistan is the only country in the EM sample showing consistent quarterly improvement across the past year.”


The development comes as the South Asian country navigates a long path to economic recovery under a $7 billion International Monetary Fund (IMF) program.

Schehzad said this sharp decline in country’s default risk resulted from macroeconomic stability, structural economic reforms, timely debt servicing, staying the course with the IMF program, and positive ratings actions from global agencies such as S&P, Fitch and Moody’s.

“Message to investors: Pakistan is steadily rebuilding market credibility, standing out as one of the most improved sovereign credit stories in the emerging market universe,” he added.


India crush Pakistan by 88 runs amid handshake snub, umpiring drama at women’s World Cup

India crush Pakistan by 88 runs amid handshake snub, umpiring drama at women’s World Cup
Updated 05 October 2025

India crush Pakistan by 88 runs amid handshake snub, umpiring drama at women’s World Cup

India crush Pakistan by 88 runs amid handshake snub, umpiring drama at women’s World Cup
  • India’s innings was built on a series of useful starts, with Harleen Deol’s composed 46 off 65 balls anchoring the effort
  • Wicketkeeper Richa Ghosh provided the late fireworks, blazing an unbeaten 35 off 20 deliveries with three fours, two sixes

COLOMBO: India thumped arch-rivals Pakistan by 88 runs in a Women’s World Cup clash but the game was marred by controversy as players refused to shake hands at Colombo’s R. Premadasa Stadium on Sunday.

The two captains avoided the customary handshake at the toss and there was hardly a glance exchanged during play.

Once the formalities were done, both sides made a beeline to their dressing rooms, skipping the traditional post-match greetings, a frosty ending to a heated encounter.

The animosity that brewed during the recent men’s Asia Cup in Dubai seemed to spill over to the women’s fixture in Colombo.

Even before a ball was bowled, controversy struck when the toss went the wrong way.

Pakistan skipper Fatima Sana’s call of “tails” was misheard by match referee Shandre Fritz and announcer Mel Jones as “heads.”

When the coin landed heads up, the decision was incorrectly awarded to Fatima, who chose to field.

The drama didn’t stop there. Pakistan’s Muneeba Ali was caught short in bizarre fashion.

After surviving a leg-before appeal, she wandered out of her crease and though she had grounded her bat when the throw came in, it was in the air when the bails were dislodged.

The television umpire ruled her out amid heated protests from the Pakistan camp.

“We are very happy. This was a very important game for us. I am sure people back home are happy too. There are few areas to improve but, for now, we’ll savour this win,” said Indian skipper Harmanpreet Kaur.

India’s innings was built on a series of useful starts, with Harleen Deol’s composed 46 off 65 balls anchoring the effort.

Wicketkeeper Richa Ghosh provided the late fireworks, blazing an unbeaten 35 off 20 deliveries with three fours and two towering sixes to lift India to a competitive 247.

Pakistan seamer Diana Baig bowled with heart, claiming 4-47 in a spirited spell.

Three of those wickets came in her final burst, though she was denied a five-for after overstepping when Jemimah Rodrigues was caught behind on two.

Pakistan’s chase never got out of first gear. The Indian new-ball attack swung the ball late, nipping out early wickets before the spinners tightened the screws.

Off-spinners Deepti Sharma and Sneh Rana shared five scalps between them while seamer Kranti Goud’s three-wicket burst earned her the player of the match award.

Sidra Amin, batting at number three, stood tall amid the ruins. Her elegant 81 off 106 balls, laced with nine boundaries and a six, was a lone hand in an otherwise sorry tale.

Running out of partners, she perished sweeping Rana to square leg, ending Pakistan’s faint hopes.

“We gave away too many runs in the Power Play. Sidra was superb again, but someone had to stay with her till the end. Very disappointed with the result,” lamented Pakistan skipper Sana.

The win sent India to the top of the table in the eight-nation tournament while Pakistan languish in sixth, still searching for their first points.