TASHKENT: Pakistan and Uzbekistan on Tuesday inked a joint communique and several memorandum of understandings (MoUs) to strengthen bilateral cooperation, avoid double taxation and enhance collaboration in many areas.
Addressing a joint press stakeout after signing of bilateral agreements, Prime Minister Nawaz Sharif and Uzbek President Islam Karimov expressed satisfaction over the bilateral ties while stressing upon the need for harnessing the full potential of the bilateral cooperation in various sectors.
The agreements were signed between the Trade Development Authority of Pakistan and Uzbek Ministry of Economic Affairs and Investment to enhance bilateral trade.
A protocol was signed between two countries for establishing an inter-government arrangement to avoid double taxation
Nawaz, who is on a two-day official visit to Uzbek Republic along with a high level delegation, thanked the Uzbek government and people for the hospitality shown to him and his delegation.
He said both the countries were bound with the affinities of culture, faith and customs and stressed to sustain these ties effectively through bolstering the cooperation.
President Karmiov lauded the statesmanship of Nawaz Sharif and said Pakistan was playing a key role for peace and stability in the region.
He also appreciated Pakistan’s policy of pursuing peace and stability and regional connectivity. He also noted its road-map of enhancing trade and business ties with the Central Asian Republics.
Nawaz Sharif, who is on a two-day official visit to the Central Asian State, said Pakistan enjoyed good ties with Uzbekistan, mentioning the cultural and geographical affinities between both the states that also widens the scope of bilateral cooperation.
He lauded the economic achievement made by Uzbek Republic for what he said the credit goes to the sagacious leadership of the country.
The prime minister said that Uzbekistan was witnessing around 8 per cent economic growth rate that was unprecedented to achieve within short span of time.
He said there was a need to expand the bilateral ties particularly in economic sector.
President Krimov welcomed the Prime Minister to Uzbekistan and said the common aspects of religion, culture, traditions and customs have made the people of both the countries closer.
He said Pakistan enjoyed a status of important state in the Muslim world as well as the region besides for its role on international issues. The Uzbek president said the country was also rich in huge human potential that can play a major role for development of the country.