Key Points:
- Pakistan and Azerbaijan to increase bilateral investment to $2 billion
- Leaders discussed expanding economic and trade cooperation
- Agreed to explore new areas like energy, infrastructure, agriculture, tourism
- Pakistan reaffirmed support for Azerbaijan’s territorial integrity
- Azerbaijan praised Pakistan’s role in regional peace and stability
- Emphasized enhancing people-to-people and cultural exchanges
Pakistan and Azerbaijan have agreed to enhance their bilateral investment to $2 billion in areas of mutual beneficial projects, according to a joint statement issued after a meeting between Prime Minister Shehbaz Sharif and Azerbaijani President Ilham Aliyev.
The two leaders discussed a series of joint projects worth $2 billion, aiming to transform bilateral relations into an “enhanced strategic partnership”.
They agreed to explore new avenues of cooperation in various sectors, including energy, infrastructure, agriculture, and tourism.
PM Sharif emphasized the importance of enhancing people-to-people contacts and cultural exchanges between Pakistan and Azerbaijan.
He also reiterated Pakistan’s support for Azerbaijan’s territorial integrity and sovereignty.
President Aliyev praised Pakistan’s role in regional peace and stability. He expressed Azerbaijan’s desire to learn from Pakistan’s experience in various fields, particularly in the agriculture sector.
The joint statement also highlighted the need for closer coordination between the two countries on regional and international issues of mutual concerns.
The agreement to boost bilateral investment to $2 billion comes as a significant step in strengthening the economic and trade ties between Pakistan and Azerbaijan.
Both countries are committed to exploring new opportunities for collaboration and transforming their partnership into a strategic one.