Pakistan and Azerbaijan have signed a landmark agreement involving a $2 billion investment from Azerbaijan in Pakistan’s economic sector, a move expected to elevate bilateral trade and economic cooperation significantly.
The agreement was formalized in the presence of Pakistani Prime Minister Muhammad Shehbaz Sharif and Azerbaijani President Ilham Aliyev during a meeting in Khankandi. The signing ceremony was attended by Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar and Azerbaijani Economy Minister Mikayil Jabbarov, who served as signatories.
According to the Associated Press of Pakistan (APP), the agreement marks a historic step in strengthening economic ties and reflects growing confidence in Pakistan’s investment landscape.
Officials stated that the agreement would serve as a milestone in enhancing trade relations and promoting further collaboration across key economic sectors. Both nations also expressed mutual intent to pursue deeper cooperation through sector-specific exchanges and ongoing dialogue.
The announcement highlights Azerbaijan’s growing strategic investment presence in South Asia. It comes at a time when Pakistan is actively seeking to boost foreign direct investment to support its economic revival plans.
–Input WAM
