Key Takeaways
- Pakistan and Azerbaijan agree to invest up to 2 billion U.S. dollars in mutually beneficial projects.
- The investment will focus on energy, connectivity, infrastructure, and defense industry.
- The agreement marks a strong partnership on economic and trade investment levels between the two nations.
Islamabad: Pakistan and Azerbaijan have agreed to take economic relations to new heights, enhancing the bilateral investment level of up to 2 billion U.S. dollars in areas of mutually beneficial projects.
Pakistani Prime Minister Shehbaz Sharif, along with Azerbaijani President Ilham Aliyev, announced that both countries are ready to ink agreements worth 2 billion U.S. dollars to start with. This initial investment has the potential to multiply in years to come.
The Azerbaijani president said that for an initial investment of 2 billion U.S. dollars, several projects in the areas of energy, connectivity, infrastructure and defense industry were reviewed, adding that Pakistan and Azerbaijan will build strong partnership not only on a political level but also on economic and trade investment levels.
