What Does the New $2 Billion Investment Pact Between Pakistan and Azerbaijan Mean for Economic Ties?

Pakistan and Azerbaijan have entered into a landmark $2 billion investment agreement aimed at boosting various sectors of Pakistan's economy. This deal was signed during a bilateral meeting at the ECO summit, marking a significant step in strengthening economic ties between the two nations. With plans for a comprehensive agreement to be finalized during President Aliyev's upcoming visit to Pakistan, the partnership is set to elevate trade relations to new heights. As both countries seek to enhance their cooperation, this agreement also reflects Azerbaijan's support for Pakistan amid recent regional tensions. Stay tuned for more updates on this developing story.
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What Does the New $2 Billion Investment Pact Between Pakistan and Azerbaijan Mean for Economic Ties?

Major Investment Agreement Signed


In a significant development, Pakistan and Azerbaijan have formalized a $2 billion investment agreement aimed at enhancing various sectors of Pakistan's economy. This agreement was finalized during a bilateral discussion between Prime Minister Shehbaz Sharif and President Ilham Aliyev at the Economic Cooperation Organisation (ECO) summit held in Azerbaijan.


The signing of the agreement took place in Khankendi, Azerbaijan, with Deputy Prime Minister and Foreign Minister Ishaq Dar representing Pakistan and Azerbaijan's Minister for Economy Mikayil Jabbarov signing on behalf of Azerbaijan. Both leaders were present to witness this important event.


As reported by Radio Pakistan, a comprehensive agreement is expected to be finalized during President Aliyev's upcoming visit to Pakistan, which aims to elevate investment and trade relations between the two nations to unprecedented heights.


While the exact dates for President Aliyev's visit remain unconfirmed, sources indicate that it is anticipated to occur later this year.


Relations between Pakistan and Azerbaijan have strengthened recently, with Azerbaijan expressing support for Pakistan during its recent tensions with India. The two countries already share a strong defense partnership and are now looking to enhance their economic collaboration.


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