ISLAMABAD: Pakistan and Azerbaijan have agreed to enhance strategic cooperation and bilateral trade between the two brotherly countries.
Azerbaijan will invest S2 billion in Pakistan’s various sectors including energy, infrastructure and privatization projects
Pakistan and Azerbaijan are set to sign investment agreements worth of two billion dollars. The Special Investment Facilitation Council (SIFC), a high-level civil and military body, played an important role in strengthening bilateral cooperation.
The SIFC is mandated to bring direct foreign investment and form uniform policies to boost country’s economy.
The investment agreements worth up to two billion dollars will serve as a catalyst for long-term economic growth.
This month, Federal Minister for Investment Board, Communications, and Privatisation Abdul Aleem Khan visited Azerbaijan and met with Prime Minister Ali Asadov and other top government officials and ministers in Baku to discuss investments in energy, infrastructure, and privatization.
Both countries also discussed promoting trade and communication links with Central Asian states
Pakistan and Azerbaijan are also holding talks to boost trade and connectivity to Central Asian states as Azerbaijan is keen to invest in Pakistan’s motorway and other infrastructure projects.
The two countries are holding discussions on common energy, renewable energy and energy-saving projects.
Azerbaijan has shown interest in Pakistan’s privatization programme, while the Islamabad government has also made pledge in this regard.
The surge in economic relations between Pakistan and Azerbaijan with the cooperation of the Special Investment Facilitation Council is welcoming.
