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Economy 03/06/2008 Uzbekistan to give free electricity to Pakistani investors

He said Pakistani investors would be provided free electricity and other attractive incentives. He said that Pakistan is facing energy crises while its energy requirements are increasing day by day. He added that Uzbek government is ready to cooperate with Pakistan to put an end to energy crises, adding, with the passage of time shortage of energy would be overcome. He ensured the business community and industrialists that bilateral business activities would be accelerated rapidly between the two countries and both the countries were willing to improve and uplift the economic and trade relations among them.

He added that both the countries have rich and fertile soil and their productivity can be increased by using latest technologies. He said that it was the need of the hour to exchange trade and business delegations, adding, bilateral ties between the two courtiers are essential for prosperity of the people of both the countries.

He said that it is necessary to strengthen bilateral ties in various sectors including sports, cultural, cement industry, medical equipments to boost the economies of both the countries.

He further added that Uzbek government could supply many items to Pakistan like gold, iron, oil, gas, chromium.lead, cotton, electricity, copper, and many other minerals to meet the requirements of Pakistan.

Uzbek ambassador said that Pakistan is also producing surplus quantity of textile, leather goods, medines, machinery, cement, sports goods, shoes, garments, military, telecommunication equipment food stuff and many more and Pakistan can export the said items to Uzbekistan freely to strengthen the economy.

He said that Pakistani investors would be highly encouraged by the Uzbek government and would be provided all facilities.

He said that Pakistani industrialists were negotiating with the Uzbek government to set their industries there. He said that agri-sector is more beneficial for the investors as the country is rich in agri-sector.

He added that food processing is the second largest industry of his country, which totally depended upon fruit and vegetable and a huge investment is requited to make this sector modern and equip it with latest technology.

The ambassador also disclosed that Uzbek industrial equipment and machinery sector is primary producer of the machines and industrial equipments among the Central Asian courtiers, while its aeronautical and aerospace industry have one of the largest and important aircraft producing plants.

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