Uzbekistan Financial News

US envoys for Afghanistan Thomas West and Rina Amri have once again called for an inclusive government in Kabul which, at present is under Taliban rule, TOLOnews reported. Since the Taliban seized power, it has curtailed women's rights in the nation. Thomas West, a US special envoy, and Rina Amiri, a US special envoy for Afghan women, girls, and human rights, met with representatives of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan in Astana two days prior to the Doha summit to discuss Afghanistan.

Bloomberg News. With this, it becomes the latest in a series of alarming revelations about syrup medicines used by children around the world. According to Valisure LLC, an independent US laboratory, a bottle of Cold Out purchased at a pharmacy in Baghdad in March contains 2.1% ethylene glycol, about 21 times the widely accepted limit.

Gambia and Uzbekistan due to Made in India cough syrup dented country's image as the "pharmacy of the world" providing affordable drugs globally. Indian regulators are also inspecting the faulty drugmakers. The World Health Organisation (WHO) has flagged contamination with unacceptable amounts of diethylene glycol and ethylene glycol, which are toxic to humans when consumed and can prove fatal, in samples taken from a batch of cough syrup made by QP Pharmachem Ltd, based in Punjab.

Gambia and Uzbekistan last year. The WHO flagged contamination with unacceptable amounts of diethylene glycol and ethylene glycol, which are considered toxic to humans when consumed and can prove fatal, in samples taken from a batch of cough syrup made by QP Pharmachem Ltd, based in the northern Punjab state. However, the company denied wrongdoing and told Reuters it planned to appeal against the suspension.

Belt and Road Initiative involves infrastructure projects to connect Asia with European and African countries. Ushakov said Putin also plans to travel to Turkey at some point to fulfill a promise to Turkish President Recep Tayyip Erdogan, although the dates for that visit have not been decided yet. In addition, the Kremin received an invitation for Putin to participate in a Group of 20 summit in India in September, he said.

pharmaceutical exports this fiscal year are set to grow nearly twice as fast as last year to hit sales of $27 billion, driven by strong U.S. buying, a government-backed trade body told Reuters, despite deaths linked to Indian-made cough syrups. The robust forecast comes against the backdrop of earlier concerns from the government that last year's deaths of dozens of children in Gambia, which the World Health Organization (WHO) linked to drugs made in India, had «adversely impacted the image of India's pharmaceutical products across the globe». Two other cough syrups made in India killed 19 children in Uzbekistan around December, according to the Uzbekistan government. India is the world's third largest maker of drugs by volume after the United States and China, and senior pharma trade official Udaya Bhaskar said the country was too big a player for buyers to move away because of «these aberrations» in Gambia and Uzbekistan. «As far as the Gambia and Uzbekistan incidents are concerned, if you see in terms of the image of the country, there is a dent,» Bhaskar, director general of the Pharmaceuticals Export Promotion Council of India (Pharmexcil), told Reuters on Tuesday.

Legislative Chamber and the Senate of the Oliy Majlis (parliament) of Uzbekistan, a ceremony was held for the inauguration of the President following reelection of Shavkat Mirziyoyev. At the ceremony, the Chairman of the Central Election Commission (CEC) Zainiddin Nizamkhojaev noted that the presidential elections were held in accordance with the updated Constitution and democratic principles, in an atmosphere of political activity. According to the voting results, candidate of the Liberal Democratic Party Mirziyoyev was elected to the post of President of Uzbekistan, who received 87.05 percent of the vote. The CEC Chairman presented Mirziyoyev with a certificate of the President of Uzbekistan. In accordance with the Constitution of Uzbekistan, Mirziyoyev took the oath and delivered an inaugural speech. He noted that Uzbekistan is entering a new era. The coming period will be a time of deep, turning point changes and huge transformations in the political, socio-economic, cultural and humanitarian spheres for the country. New time needs new ideas and initiatives, new results. The head of state outlined strategic goals for the next seven years. These are the improvement of legislative and executive power, the creation of a compact and efficient management system, the development of the social sphere, the expansion of opportunities for entrepreneurship, the increase in jobs and incomes of the population.

Uzbekistan marches towards a steady democracy, economic stability with President Shavkat Mirziyoyev

India is demanding higher standards from small and medium-sized drugmakers, the health minister said on Tuesday, in a bid to improve product quality after Indian-made cough syrups were linked to deaths of children overseas. India's image as the «pharmacy of the world», offering cheaper alternatives to Western products, took a hit following the deaths of at least 89 children in Gambia and Uzbekistan last year after consuming cough syrups made in India.

United Nations Conference on Trade and Development (UNCTAD) has released a report on global investments for the year 2022. According to the report, the net inflow of foreign direct investments (FDI) to Central biggest state Kazakhstan amounted to $6.1 billion, the highest figure in the past 5 years and 83% higher than in 2021. This is the highest indicator among the post-Soviet countries.

Shavkat Mirziyoyev, who is tipped to be re-elected for another term following the election held on Sunday, has expressed hope of expanding ties with India to counter the menace of terrorism and radicalisation across the region. Mirziyoyev is also seeking to cooperate with India for a stable Afghanistan which would facilitate stable and secure Eurasia by countering extremism, according to people aware of the matter.

Uzbekistan is holding a snap presidential election Sunday, a vote that follows a constitutional referendum that extended the incumbent's term from five to seven years. President Shavkat Mirziyoyev was elected in 2021 to a second five-year term, the limit allowed by the constitution. But the amendments approved in April's plebiscite allowed him to begin the count of terms anew and run for two more, raising the possibility that he could stay in office until 2037.

Shavkat Mirziyoyev has been the President of Uzbekistan since 2016, leading the country through democratic reforms and economic changes. His popularity among the people suggests that he will win the Presidential vote on July 9 and serve seven more years. During his presidency, Mirziyoyev has transformed Uzbekistan from a closed economy known for political repression and corruption into a regional leader actively engaged in international relations and attracting foreign investments.

India is looking to usher in a comprehensive and multifaceted partnership with the countries of Central Asia by leveraging the platform provided by the Shanghai Cooperation Organisation (SCO), people aware of the matter said. SCO is a prominent Eurasian grouping to ensure peace, stability, and security in the vast and resource rich region stretching from the borders of Europe to the Pacific, including China, Russia and Pakistan. India hosted SCO's latest summit virtually earlier this week where Iran became the ninth member of the grouping.

security and sustainable socio-economic development in the region, according to Akramjon Nematov, first deputy director of the Institute for Strategic and Regional Studies under the president of the Republic of Uzbekistan.India hosted the SCO summit on July 4 eyeing to expand ties with Central Asia. Sustainable development of Central Asia strengthens the region's role as a gateway and land bridge connecting several strategically important regions of Eurasia.

NEW DELHI : Government laboratories have received around 300 cough syrup samples for quality testing after the embarrassment of toxic syrups causing deaths abroad. Indian-made cough syrups have been linked to the death of dozens of children in Uzbekistan and Gambia, prompting the government to tighten the export policy for cough syrups.

India on Tuesday once again refused to endorse China's ambitious Belt and Road Initiative (BRI), becoming the only country in the Shanghai Cooperation Organisation (SCO) not to support the project. A declaration issued at the end of an India-hosted virtual summit of the grouping said Russia, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan reaffirmed their support to the BRI.

Shavkat Mirziyoyev during his speech at the virtual summit of the Shanghai Cooperation Organization (SCO) on July 04 addressed important issues related to long-term sustainable development in the SCO region, for increasing inter-regional trade, the Green Agenda and cooperation in the sphere of tourism among others. Speaking about the vast economic opportunities in the SCO region, he pointed out that SCO accounts for approximately one-third of the global GDP, about 27 percent of foreign direct investments, and up to 20 percent of global trade.

BEIJING — Chinese President Xi Jinping said Tuesday that Beijing opposes «decoupling and breaking links,» according to a CNBC translation of a Chinese-language state media readout.

Shanghai Cooperation Organization (SCO) summit, Prime Minister Narendra Modi said that countries need to respect territorial integrity. «We do not see the SCO as an extended neighbourhood, but rather as an extended family. Security, economic development, connectivity, unity, respect for sovereignty and territorial integrity, and environmental protection are the pillars of our vision for SCO,» PM Modi said.

The next Shanghai Cooperation Organisation (SCO) Summit will be hosted by India virtually on Tuesday. The summit is set to be joined by all SCO member states including China and Pakistan. Major highlight will be the participation of Chinese President Xi Jinping and Pakistan's PM Shehbaz Sharif.  Russian President Vladimir Putin will also be the part of the summit.