He said that it will also help Pakistan for seeking access to surplus Central Asian electricity to overcome energy shortages. While talking to a delegation of Federation of Pakistan Chamber of Commerce and Industry (FPCCI), he said that Uzbekistan was already providing power to Afghanistan.

He further said that they were looking forward for further enhanced exchange of business delegation and increased cooperation in sectors like textiles, leather, cotton, pharmaceutical and agriculture.

Uzbekistan is the world’s second largest cotton exporter and sixth largest cotton producer, it can share expertise on insect-resistant cotton and anti-cotton virus technology, he added.

At the occasion head of FPCCI delegation Raza Khan lauded the reform process in Uzbekistan and demanded that it should offer electricity on most affordable rates so that the economy can be bailed out without burdening other sectors.

He said that cargo transportation, transit, telecom, IT and public health engineering are some sectors that need attention of the policy makers of both countries.

Malik Sohail praised the favorable business conditions, stable gold and currency reserves and steps for protection of investors as well as investments.

He said that Uzbekistan should offer extra tax breaks for Pakistani investors. Trade leaders Tariq Sayeed and Itikhar Ali Malik asked for enhanced bilateral trade, which currently stands at just US$40 million per annum adding that the chambers of commerce of two countries to establish close links.

During the meeting, modalities of visit of 30-member delegation to Uzbekistan headed by Senator Ghulam Ali, President FPCCI were also finalized.

This visit will be an opportunity to improve friendly relations in diverse fields including economics.