Pakistan and Azerbaijan have announced plans to significantly increase their bilateral investments, aiming for a target of up to $2 billion. This strategic move is set to enhance economic cooperation between the two nations, benefiting various sectors.
In a joint press conference, Prime Minister Shehbaz Sharif and Azerbaijan’s President Ilham Aliyev discussed the initiation of investments in multiple projects. This agreement represents a major advancement in strengthening economic ties between Pakistan and Azerbaijan.
During their discussions, the leaders oversaw the signing of numerous agreements and Memorandums of Understanding (MoUs) across diverse sectors. These agreements focus on fostering cooperation in energy, technology, agriculture, and infrastructure.
Prime Minister Shehbaz Sharif announced plans to finalize these agreements during his upcoming visit to Azerbaijan in November 2024. He highlighted the immense potential for further collaboration and expressed optimism about the future of Pakistan-Azerbaijan relations.
The discussions underscored the importance of enhancing bilateral trade and solidifying the already strong friendship between the two countries. Through these collaborative efforts, Pakistan and Azerbaijan aim to achieve mutual economic growth and prosperity.
With this significant step towards increased investment, both nations are poised to benefit from strengthened economic ties and shared prosperity.