Pakistan, Uzbekistan Eye $2bn Trade, Boost Connectivity

Pakistan and Uzbekistan aim to significantly deepen economic ties, setting an ambitious target of $2 billion in bilateral trade over the next five years. This push includes expanding direct air connectivity to nine weekly flights by October 2026, up from none two years ago, linking cities like Tashkent, Islamabad, Lahore, and Karachi. Efforts will focus on increasing business contacts, supporting investment projects, strengthening banking relations, and facilitating goods movement, with the proposed Uzbekistan-Afghanistan-Pakistan railway also identified as a key future project. While positive for Pakistan's long-term economic outlook, this development is not expected to have an immediate, direct impact on gold or USD/PKR rates.

بحوالہ / Source: www.brecorder.com