Global Edition
REF: 726
World

Reforms and a tax-free zone are promised by the Uzbek leader.

President Shavkat Mirziyoyev of Uzbekistan pledged on Wednesday to sustain economic reforms, with a focus on creating an autonomous financial oversight body.

World — lead image
Lead image — News Trend Today wire

President Shavkat Mirziyoyev of Uzbekistan pledged on Wednesday to sustain economic reforms, with a focus on creating an autonomous financial oversight body.

Mirziyoyev emphasized Uzbekistan's receptiveness to investor collaborations, offering a platform for equitable partnerships that benefit all parties involved, during his keynote address at the Tashkent International Investment Forum.

RelatedUS President Trump condemns Israeli actions in Lebanon as deadly to non-combatants.

The Uzbek leader unveiled ambitious proposals to establish a Tashkent International Financial Center, exempt from taxes and customs regulations.

The Uzbek leader has pledged to eliminate profit tax, value-added tax, property tax, and customs duties altogether, setting them at zero percent. Unrestricted capital movement and the freedom to make payments in any currency are also guaranteed without exception or condition. A cutting-edge financial technology system will be established for digital assets and green finance.

Read nextDetails of the US-Iran ceasefire agreement will likely be disclosed shortly.

The Uzbek leader has announced plans to create an independent financial regulator within the financial centre, empowered to draft regulatory guidelines.

Uzbekistan, the largest nation in Central Asia with approximately 40 million inhabitants, achieved an impressive 7.7% economic growth rate in 2025, driven largely by its youthful demographic and favorable gold market conditions.

A significant block of minority shares in state-owned enterprises was listed on the London Stock Exchange in May, marking its biggest IPO since 2021.

Mirziyoyev's presidency since 2016 has seen the removal of capital controls that had previously hindered economic progress in Uzbekistan.

More Filings

World
World

US President Trump condemns Israeli actions in Lebanon as deadly to non-combatants.

World
World

Details of the US-Iran ceasefire agreement will likely be disclosed shortly.

World
World

Trump's objectives met in conflict with Iran yet unclear.