Islamabad (TDI): Azerbaijan and Pakistan have agreed in principle to promote joint projects, investment and trade partnerships, a press release said.
This was decided during a meeting between Minister for Communications, Privatization and Investment Board Abdul Aleem Khan and Ambassador of Azerbaijan in Pakistan Khazar Farhadov in Islamabad on Saturday.
The meeting, which comes on the back of consistent bilateral activities between the two friendly countries, including exchanges of high-level delegations and Pakistan’s active participation in the COP 29 conference in Baku, was deemed “highly successful.”
During the meeting, both sides agreed to promote joint projects and trade partnerships for which practical work will be started in the coming days.
On the occasion, Aleem Khan stressed that both countries should include tourism in the areas of mutual cooperation.
“We need to convert our mutual relations into business and bilateral trade for which positive progress is being made from both sides,” Aleem said.
The minister invited Azerbaijani Companies to invest and launch businesses in Pakistan, saying that in the current circumstances, foreign investment can be made through G2G and B2B.
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He also discussed with the Azerbaijani Ambassador for investment in the M6 and M9 Motorways from Karachi to Sukkhar and Sukkhar to Hyderabad. “There are huge opportunities in various sectors for foreign investors in Pakistan which should be fully utilized,” he noted.
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Ambassador to Pakistan Khazar Farhadov assured him of full cooperation and said that his country would work with Pakistan on investment and joint projects.
The meeting also considered the joint efforts of the three countries of Pakistan, Azerbaijan and Türkiye, while on the instructions of the minister, it was also decided to nominate a Focal Person from the Board of Investment to maintain close liaison with the Government of Azerbaijan.
