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    Uzbekistan

    Uzbekistan, Pakistan explore joint textile production as Yunus Textile Mills eyes investment opportunities

    Uzbekistan, Pakistan explore joint textile production as Yunus Textile Mills eyes investment opportunities

    Uzbekistan and Pakistan are taking steps to deepen textile industry collaboration, as a delegation led by A. Tukhtayev, Deputy Chairman of the Chamber of Commerce and Industry of Uzbekistan, held talks with Yunus Textile Mills, one of Pakistan’s leading textile manufacturers.

    Source: Chamber of Commerce and Industry
    Source: Chamber of Commerce and Industry

     

    Founded in 1983 and operating under the Taba Group holding, Yunus Textile Mills is a private, family-owned enterprise with a vertically integrated production chain. The company produces yarn, weaves, dyes, and finishes textile products — with a remarkable output of 500,000 m² daily, or 180mn m² annually. All production is export-oriented.

    Employing around 10,000 people, the company utilizes advanced European and Japanese automation technologies in its production of home textiles, including clothing, bed sheets, curtains, towels, and tablecloths. It holds 25 international certifications attesting to product quality and standards.

    During the meeting, the Uzbek delegation proposed launching a joint textile manufacturing facility in Uzbekistan using currently inactive production sites. The management of Yunus Textile Mills responded positively, expressing strong interest and a readiness to explore investment opportunities by visiting Uzbekistan soon.

    Source: Chamber of Commerce and Industry
    Source: Chamber of Commerce and Industry

     

    The meeting concluded with the signing of a memorandum of understanding (MoU), laying the groundwork for future cooperation and joint projects between the two countries in the textile sector.

    In 2024, trade between Pakistan and Uzbekistan surpassed $400mn. During Prime Minister Shehbaz Sharif’s visit to Uzbekistan in February 2025, the two countries set an ambitious goal to boost trade to $2bn over the next four years.

    Currently, there are about 128 joint ventures operating between the two nations, with a combined investment value estimated at $150–$200mn.

    Efforts are underway to strengthen the preferential trade agreement between Pakistan and Uzbekistan. While progress continues, both sides acknowledge that new challenges may emerge as existing issues are addressed. The overarching goal is to simplify cross-border trade and create a more favorable business environment, with both governments committed to supporting the private sector’s growth.

     

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    30 May, 12:00   Comments (0)   396
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