Good news - Pakistan & Azerbaijan to enhance bilateral investment volume

 

Good news - Pakistan & Azerbaijan to enhance bilateral investment volume

By: Communicators - Business Team (July 12, 2024)

The agreement between Pakistan and Azerbaijan to enhance their bilateral investment volume up to $2 billion marks a significant step in strengthening economic ties. During a joint press conference, Prime Minister Shehbaz Sharif and President Ilham Aliyev announced the plan to invest in mutually beneficial projects across various sectors, including energy, connectivity, infrastructure, and the defense industry.

Prime Minister Sharif highlighted the potential for further growth beyond the initial $2 billion investment, emphasizing that the current investment volume of less than $100 million does not reflect the strength of the relationship between the two nations. Both leaders expressed their commitment to fostering a robust economic partnership, with hopes to finalize agreements during Prime Minister Sharif's upcoming visit to Azerbaijan in November.

President Aliyev also underscored the deep-rooted brotherhood between the two countries and expressed optimism about the future of their economic and trade relations. This collaboration aims to build a strong partnership that extends beyond political alliances to significant economic and trade investments.