Azerbaijan and Pakistani Leadership Consent To Consolidate Economic Ties

Pakistan and Azerbaijan have agreed to elevate their economic ties to a new level by investing up to USD 2 billion in projects that would benefit both countries.

Pakistani Prime Minister Shehbaz Sharif and Azerbaijani President Ilham Aliyev conducted a joint press conference on Thursday.

Sharif announced that both countries are willing to sign agreements worth $2 billion initially, with the prospect of developing this amount in the coming years.

The president of Azerbaijan, Ilham Aliyev, said that the number of projects linked to energy, communications, infrastructure, and the military sector had been reviewed for a $2 billion first investment.

He continued to say that via commerce and investment, Pakistan and Azerbaijan will fortify their ties not just politically but economically as well.

In a recent meeting in Islamabad, Azerbaijani President Ilham Aliyev and his Pakistani counterpart Asif Ali Zardari pledged to strengthen bilateral economic and commercial relations.

Azerbaijan and Pakistan are looking to enhance cooperation through partnerships, especially focusing on sectors such as garment and textile manufacture, as well as medicines.

They want to export jointly created items to nearby markets, which represents a big step forward in their economic partnership.

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