Panjakent (; ; ), also spelled Panjikent, Panjekent, Panjikant or Penjikent, is a city in the Sughd province of Tajikistan on the Zeravshan River, with a population of 33,000 (2000 census). It was once an ancient town in Sogdiana. The ruins of the old town are on the outskirts of the modern city. The Sarazm Important Bird Area lies downstream of the city on the tugay-vegetated floodplain of the river.