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Pakistan, Uzbekistan sign four accords

11-18-2015

Pakistan and Uzbekistan signed four accords on Tuesday to strengthen bilateral cooperation in economy, trade and foreign affairs, according to a report in the Pakistan Tribune.

The signing ceremony was held at Kuksaroy Presidential Palace in Tashkent, where Prime Minister Nawaz Sharif and Uzbek President Islam Karimov were also present. Premier Nawaz is on a two-day official visit to Uzbekistan along with a high-level delegation in an effort to deepen Pakistan’s engagement with Central Asian states.

During the ceremony, a memorandum of understanding was signed between the Trade Development Authority of Pakistan and Uzbek Economic Affairs and Investment Ministry to enhance bilateral trade.

The foreign affairs ministries of both the countries signed a protocol to enhance cooperation between the two ministries. Another protocol was agreed between two countries for establishing an inter-government arrangement to avoid double taxation.

The two sides also agreed to strengthen their ties by enhancing bilateral trade and improving connectivity in the region which could guarantee regional development.

Addressing a joint press stakeout after the signing of these agreements, Premier Nawaz and President Karimov expressed satisfaction over the current bilateral ties between Islamabad and Tashkent and stressed the need for harnessing the full potential in various spheres.

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