Pakistan, Azerbaijan to enhance bilateral investment to $2b
Admin
Feb 25, 2025
BAKU – Pakistan and Azerbaijan have decided to enhance the scope of bilateral investment up to 2 billion dollars in areas of mutual beneficial projects.
The decision was made during talks between Prime Minister Shehbaz Sharif and President of Azerbaijan Ilham Aliyev at the Presidential Palace in Baku on Monday.
Later addressing a joint news conference, Prime Minister Shehbaz Sharif said all the political parties in Pakistan are united to strengthen friendship between the two countries further. He said the cordial and friendly relations between Pakistan and Azerbaijan should be expanded to the economic front as well.
He expressed confidence that the Memorandums of Understanding signed today and agreements that would be signed later in April this year would go a long way in promoting our sincere efforts to have very good dividends in the future.
He said it is time that both Pakistan and Azerbaijan should enhance their defence ties to a higher level. The commitment to initiate joint manufacturing of defence equipment will also have far-reaching impacts.
The prime minister termed the proposal of Azerbaijan President for the international infrastructure corridor as the need of the hour saying that Pakistan’s Gwadar Port can also be used for imports and exports. He said it would bring very transformative and positive impact in the entire region. He said Pakistan fully supports this vision of Azerbaijan President.
Shehbaz Sharif also thanked Ilham Aliyev for extending very warm hospitality to his entourage during visit to the Azerbaijan.
The prime minister expressed the commitment to solidify and strengthen relationships and brotherhood through mutual efforts.
Shehbaz Sharif said Pakistan always supported Azerbaijan on Karabakh issue and Azerbaijan extended its support on the issue of Kashmir without any political conditions.
