Baku, – Prime Minister Shehbaz Sharif announced on Monday that Pakistan and Azerbaijan have agreed to finalize $2 billion worth of investment agreements within the next month. The announcement came during his address at the Pakistan-Azerbaijan Business Forum in Baku, where he highlighted the strengthening economic ties between the two nations.
Prime Minister Sharif emphasized the longstanding bilateral relations between Pakistan and Azerbaijan, noting that both countries are committed to enhancing trade and investment cooperation. “Constructive discussions were held between the leadership of both nations, and we have agreed to finalize $2 billion in investment deals within one month,” he stated. He added that the collaboration would particularly focus on boosting cooperation in the defense production sector and other key areas.
The Prime Minister expressed gratitude to Azerbaijan’s leadership for their commitment to deepening ties across various sectors. He underscored that increased economic activity between the two countries would contribute to economic stability and growth in both nations.
During his speech, Sharif also highlighted Pakistan’s efforts to facilitate foreign investors, stating that the North-South Corridor would play a pivotal role in enhancing business activities and connectivity. “The corridor will be a game-changer in the future, and providing trade facilities to investors will further boost economic activities,” he said.
Azerbaijan’s President Ilham Aliyev, who also addressed the forum, recalled the discussions held during his recent visit to Pakistan, where both sides explored opportunities for cooperation in various fields. He reiterated Azerbaijan’s commitment to strengthening ties with Pakistan.
As part of his two-day visit to Azerbaijan, Prime Minister Sharif paid tribute to the martyrs and heroes of the Second Karabakh War by visiting the Victory Memorial in Baku. The visit underscored the deep historical and cultural connections between the two nations.
Earlier, Pakistan and Azerbaijan signed bilateral agreements in the oil and gas sectors, including deals for the trade of petroleum products. The $2 billion investment agreements are expected to be formally signed in Islamabad in April, marking a significant milestone in the growing economic partnership between the two countries.
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