At a joint press conference with Azerbaijan President Ilham Aliyev, after the signing of agreements and MoUs in various sectors, Prime Minister Shehbaz Sharif announced that both nations have discussed an initial $2 billion investment in mutually beneficial projects.
The Prime Minister expressed hope that during his visit to Azerbaijan in November, the two countries would finalize agreements worth $2 billion to start with, highlighting the potential for this figure to increase significantly in the coming years.
“We have agreed to enhance our bilateral trade and discussed areas for joint cooperation and investments,” said Prime Minister Sharif. He noted that the current bilateral investment volume of less than $100 million does not reflect the strength of the brotherhood and friendship between the two countries.
President Ilham Aliyev emphasized that the brotherhood between Pakistan and Azerbaijan is based on deep-rooted connections between their peoples. He confirmed that both sides are evaluating projects for an initial $2 billion investment.
“During our discussions, we reviewed several projects in energy, connectivity, infrastructure, and the defense industry,” said President Aliyev. “We aim to build a strong partnership not only at the political level, which we already have, but also in economic and trade investments.”
