Pakistan-Uzbekistan To Play Major Role In SCO: Ambassador Usmanov

Amassador of Uzbakistan to Pakistan Aybek Arif Usmanov on Tuesday mentioned the function of Pakistan and Uzbekistan within the Shanghai Cooperation Organization (SCO) is of paramount significance and is a milestone in regional and international financial integration

ISLAMABAD, (UrduPoint / Pakistan Point News – seventeenth May, 2022 ) :Amassador of Uzbakistan to Pakistan Aybek Arif Usmanov on Tuesday mentioned the function of Pakistan and Uzbekistan within the Shanghai Cooperation Organization (SCO) is of paramount significance and is a milestone in regional and international financial integration.

Uzbekistan is on the heart of Central Asian nations and Pakistan has its personal geostrategic significance which might play a big function in its financial and commerce integration within the SCO, he mentioned.

He mentioned this whereas addressing the Senior Journalist and Editor session organized native suppose tank COPAIR Ms. Amna Malik together with chairperson COPAIR and Editor Pakistan within the World Tazeen Akhtar right here.

The ambassador mentioned that Uzbekistan because the chair of Shanghai Cooperation Organization, is internet hosting the 2022 annual summit of the SCO Heads of State Council on September 15-16 in Samarkand.

He mentioned that this annual summit could be attended by the Heads of State and Foreign Ministers of all of the member nations and financial, commerce and political cooperation among the many member nations could be mentioned.

He mentioned that the SCO summit would have a complete of 80 classes by which 40 classes could be of overseas ministers by which delegations of member nations would talk about problems with mutual curiosity.

He mentioned that regional to regional cooperation could be mentioned on the SCO summit which might be useful in mutual cooperation among the many member nations.

Central Asian nations even have a coverage of regional cooperation which might improve bilateral relations, the ambassador mentioned .

He mentioned that SCO member nations have large financial powers which might play their full function in financial and commerce cooperation between the nations.

Responding to a query, he mentioned that the SCO summit would search new financial drivers for the promotion of financial and commerce cooperation among the many member nations by which expertise and innovation are crucial.

The envoy mentioned that the usage of data expertise and fashionable expertise in new dimensions is essential which can be mentioned on the summit for its promotion.

On this event, he mentioned that there’s an settlement on transit commerce between Pakistan and Uzbekistan signed, which wants time to be applied.

In addition, rail, air and highway connectivity are essential for the event of financial relations.

In response to a query, he mentioned that the muse of financial relations between Pakistan and Uzbekistan was laid by former Prime Minister, Mian Muhammad Nawaz Sharif.

In the previous, bilateral commerce was solely $20 million, which has now reached $185 million in 2021.

He mentioned that Preferential Trade Agreement (PTA) has been signed between Pakistan and Uzbekistan, which is able to enhance bilateral commerce. He mentioned that agreements have been signed between the provinces and cities of Pakistan and Uzbekistan on mutual cooperation.

He mentioned the SCO assembly will even talk about bilateral commerce cooperation and the promotion of Small and Mudium Enterrises ( SMEs).

On this event, Amna Malik mentioned that financial relations in SCO member nations are crucial which is able to assist in financial integration in these nations.

She mentioned that the function of Pakistan and Central Asian nations, particularly Uzbekistan, within the financial prosperity of the area is of utmost significance.

Speaking on the event, senior journalist and Editor Pakistan within the World Tazeen Akhtar mentioned that SCO is the second largest group on this planet after UNO which has an important function to play.

The SCO Summit in Uzbekistan is of utmost significance, he mentioned.

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