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27 December, 2025   |   7 Rajab, 1447

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27 December, 2025, 7 Rajab, 1447

Feedback on President’s historical speech dedicated for year 2017.

26.12.2017   19471   3 min.
Feedback on President’s historical speech dedicated for year 2017.

 First of all, Shavkat Mirziyoyev started his speech with the information about high level meetings: 21 high level meetings, 60 state level and international organization heads meetings.

More than 400 investment agreements valued at 60 bln US dollars, 40 “road map” execution plans have been developed. After currency liberalization the buy-sell operations has increased 1,5 times in avarege making up 1,3 bln US dollars, state gold-currency reserves made up 1,1 bln US dollars.

This year 12 free economic zones, 45 industrial zones have been established. 50 more new industrial zones are being organized. 

As a result of constructing new industrial zones more than 336 thousand new vacancies have been filled. It was significant contribution for the solution of employment issues.

Later President Shavkat Mirziyoyev explained why economic houses are being built in rural areas. “The houses we previously built were expensive and they were not available to common citizens. As a result only rich people bought those houses. We decided to build houses for ordinary citizens like teachers and doctors” noted the leader of the country. Particularly, more than 24 thousand new economic houses have been built in rural areas. 187 multi-storey residential buildings were raised where approximately 8 thousand families moved to thouse houses.    

Talking about international loans and credits President noted that a country which mismanages foreign money will encounter serious problems falling into debts. For this reason Shavkat Mirziyoyev noted to pay great attention to this sphere and avoid any mistakes. As an example he analyzed the activity of gas-chemical complex in Ustyurt, Karakalpakstan which is not giving efficient results. Another sphere is credits allocated for drinking water supplies: for the last 10 years 17 projects valued at 618 mln US dollars, unfortunately most of the projecs have not been finished until the end. 

Notable results have been observed in the relationships with China, South Korea and Turkey. It is worth noting that embassies are working with new principles.

According to IMF Uzbekistan is on the 134th place among 187 states by GDP per capita. Unfortunately, for the country with rich resources it is not appropriate place.

In conclusion, it should be noted that the speech of our President has become historical which analyzed all spheres of life with practical suggestions for improvement. 

 

Press Service,

Muslim Board of Uzbekistan

 

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Pakistan and Uzbekistan have great potential for developing mutual trade

14.10.2025   12026   3 min.
Pakistan and Uzbekistan have great potential for developing mutual trade

According to the Associated Press of Pakistan, Ambassador Extraordinary and Plenipotentiary of Uzbekistan to Pakistan Alisher Tukhtayev noted that there is great potential for increasing trade and investment between the two countries through the creation of joint ventures, in particular for the development of the textile industry.

During his visit to the All Pakistan Textile Mills Association (APTMA), Uzbekistan’s Ambassador invited representatives of the country’s textile companies to study the demand for high-quality products in Uzbekistan. He noted that Uzbekistan’s cheap energy and rich cotton reserves create attractive opportunities for Pakistani investors to develop trade and investment in the Uzbekistan market.

The Ambassador recalled that the two countries have signed several memoranda of understanding and agreements aimed at facilitating market access. Thanks to direct flights, the flight time was reduced by 90 minutes. Negotiations on a trilateral transit trade agreement involving Pakistan, Afghanistan, and Uzbekistan have entered a crucial phase. After reaching an agreement, trade flows will accelerate even more. Uzbekistan’s shopping malls have been opened in Karachi and Lahore. The next such center will be opened in Islamabad.

As A. Tukhtayev noted, Pakistan and Uzbekistan are “fraternal countries, not competitors”, so it is necessary to share resources, knowledge, and experience for mutual benefit. He invited the APTMA delegation to visit Uzbekistan, take part in exhibitions and conferences, and added that other trade delegations will visit this fraternal country in the coming months.

APTMA Chairman Kamran Arshad highlighted several existing problems in mutual trade, including the lack of official banking channels, delays in signing the free trade agreement, language barriers in labeling, issues with the Afghan transit route, and the slow construction pace of the Trans-Afghan Railway. He emphasized the importance of strengthening banking relations, concluding a free trade agreement as soon as possible, and establishing a regular exchange of trade delegations to realize the existing potential fully.

Another participant of the meeting, Asad Shafi, informed the delegation about the possibilities of Pakistan’s textile industry, noting that, despite centuries-old ties, the current volume of bilateral trade is only $125 million. He emphasized that his country aims to boost textile exports to $50 billion under the Sewing Revolution project and urged Uzbekistan to cooperate actively in this endeavor.

Muharrama Pirmatova, UzA