Mirziyoyev-Sharif Summit Yields $3.4B in B2B Agreements
Uzbekistan and Pakistan sign 30 cooperation agreements including defense roadmap during historic state visit.
President Shavkat Mirziyoyev's two-day state visit to Pakistan concluded with the signing of 30 bilateral agreements and $3.4 billion in business-to-business deals.
Key Outcomes
The summit between Mirziyoyev and Prime Minister Shehbaz Sharif produced agreements spanning defense cooperation, trade facilitation, energy, education, and city partnerships.
Notable outcomes include:
- A bilateral trade target of $2 billion by 2029
- A defense sector "roadmap" for military cooperation
- Sister city agreements between Termez-Peshawar and Samarkand-Islamabad
- Expert council formation for ongoing dialogue
Economic Significance
Mirziyoyev congratulated Pakistan on its economic progress, citing reduced inflation and single-digit interest rates. The visit underscores Tashkent's strategy of strengthening ties with South Asian markets as an alternative trade corridor.
Uzbekistan was notably the first Central Asian country to sign both a Transit Trade Agreement and a Preferential Trade Agreement with Pakistan.