LAHORE - Ambassador of Uzbekistan Furqat Sidiqov has invited Pakistani private sector to join hands with Uzbek businessmen in the fields of pharmaceutical, textile, fertilizer and other sectors of economy.

He was speaking at the Lahore Chamber of Commerce and Industry. LCCI President Malik Tahir Javaid, Vice President Zeshan Khalil and executive committee members were also present on the occasion.

The ambassador said that Uzbekistan is keen to enhance trade relations with Pakistan as both countries have great potential to cooperate with each other in many areas of economy.

He said Uzbekistan is very much interested to have Pakistan's pharmaceutical products that were quite competitive in terms of price and quality.

He also identified tourism, agriculture, food processing, automobile, construction, chemicals, oil and gas, mining and electronics as other potential areas of mutual cooperation between both countries.

He invited the LCCI to form a sector-specific delegation for Uzbekistan and his embassy would extend all possible cooperation to make its visit successful.

Tahir Javaid said that trade diplomacy is a must to strengthen mutual trade and economic relations and for that matter, LCCI kept a close liaison with the heads of foreign missions in Pakistan.

He said that current level of our bilateral trade is less than one percent of total volume of trade which hardly reflects these ties but both countries can create win-win situation for each other. Pakistan is wishing to gain access to Central Asian markets and the landlocked Uzbekistan is wishing to access ports on the Arabian Sea.

"We believe that cooperation between the two distant neighbours is significant for the political and economic well-being of the entire region," he said.

The LCCI president said it is high time that both countries should work together for making appropriate reforms in trade policies to facilitate trade, investment and free flow of goods and services. "In addition to that we should also exploit the potential of tourism available in two countries. By way of holding road shows in the respective cities, we can highlight the main tourism attractions to each other's nationals," he added.