ISLAMABAD – Pakistan and Uzbekistan are taking steps to expand their textile industry partnership, as Yunus Textile Mills, one of Pakistan’s leading manufacturers, explores investment opportunities in Uzbekistan.
A delegation led by A. Tukhtayev, Deputy Chairman of Uzbekistan’s Chamber of Commerce and Industry, met with Yunus Textile Mills to discuss joint textile production. The company, founded in 1983, operates under the Taba Group holding and specializes in yarn production, weaving, dyeing, and finishing textile products. With an annual output of 180 million square meters, Yunus Textile Mills exports globally and employs 10,000 workers, utilizing advanced European and Japanese automation technologies.
During the meeting, the Uzbek delegation proposed launching a textile manufacturing facility in Uzbekistan, using inactive production sites. Yunus Textile Mills expressed strong interest, agreeing to visit Uzbekistan soon to explore investment prospects.
The discussion concluded with the signing of a memorandum of understanding (MoU), laying the foundation for future cooperation. Trade between Pakistan and Uzbekistan surpassed $400 million in 2024, with both nations aiming to increase bilateral trade to $2 billion over the next four years. Currently, 128 joint ventures operate between the two countries, with a combined investment value of $150–$200 million.
Efforts are underway to strengthen the preferential trade agreement, simplifying cross-border trade and fostering a business-friendly environment.
