Pakistani industrial group will send a business delegation to Uzbekistan to prepare investment proposals

Uzbekistan’s Ambassador Alisher Tukhtaev met with Dewan Yusuf, head of one of Pakistan’s major industrial and business groups, Dewan Yousuf Group, the correspondent of Dunyo news agency reports.

The meeting focused on the development of the digital economy and crypto infrastructure, cooperation in the sugar and cement industries, and the expansion of trade and economic ties between the two countries.

Dewan Yusuf highly praised Uzbekistan’s potential in the fields of the digital economy, crypto assets and blockchain technologies, expressing interest in implementing joint projects. In particular, he proposed exploring opportunities to attract international digital asset funds, establish modern digital platforms and introduce energy-saving technologies in cryptocurrency mining.

The sides also separately considered prospects for cooperation in the sugar industry. The Pakistani side is exploring the possibility of importing raw materials, including from Brazil, processing them in Uzbekistan and subsequently selling the finished products on the domestic market. In this regard, they discussed establishing a joint project using the production facilities of the Angren Sugar Plant.

The meeting participants also discussed cooperation in the cement industry and the development of trade and logistics links.

Following the talks, an agreement was reached for the company to prepare detailed investment proposals and hold online consultations with the relevant ministries and agencies of Uzbekistan. In addition, plans are underway to organize a business mission for the Pakistani delegation to explore promising projects directly in the country.

Founded in 1916, Yousuf Dewan Companies is one of Pakistan’s major industrial and business groups. Its activities span automotive manufacturing, cement and sugar production, the textile industry, synthetic fibre manufacturing and foreign trade. The group’s companies employ more than 4,000 people.