• Download the Constitution of Pakistan
  • Advertise
Monday, December 22, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Economy

Pakistan, Azerbaijan Strengthen Strategic Ties with Key Agreements

by Anum Arif
February 25, 2025
in Economy, International Politics
Reading Time: 3 mins read
0
Pakistan and Azerbaijan

🌍 Strengthening ties! Pakistan and Azerbaijan sign key agreements in trade, energy, and defense. With $2 billion in investments from Azerbaijan, this marks a new chapter of cooperation between the two nations. What are your thoughts? 💬

Share on FacebookShare on TwitterLinkedinWhatsapp

Baku, Azerbaijan – Prime Minister Shehbaz Sharif and Azerbaijani President Ilham Aliyev held extensive talks in Baku on Monday, reaffirming their commitment to strengthening bilateral ties in trade, energy, and defense cooperation. The high-level meeting marked a significant step in enhancing economic and strategic partnerships between the two nations.

Expanding Trade and Energy Cooperation

During the meeting at the Presidential Palace, the two leaders witnessed the signing of several key agreements aimed at fostering economic collaboration. One of the most notable developments was Azerbaijan’s commitment to investing $2 billion in Pakistan, a move that Prime Minister Shehbaz Sharif termed as a “significant step towards enhanced economic cooperation.”

Among the agreements signed were:
✅ A Memorandum of Understanding (MoU) between Azerbaijan’s State Oil Company (SOCAR) and Pakistan Refinery Limited, signaling deeper collaboration in the energy sector.
✅ Another MoU between SOCAR and Pakistan’s Frontier Works Organization (FWO) to explore further energy and infrastructure projects.
✅ An amendment to the Framework Agreement for the purchase and sale of Liquefied Natural Gas (LNG), strengthening Pakistan’s energy security.

Prime Minister Shehbaz welcomed these agreements, stating, “I look forward to signing further agreements in Islamabad in April. These steps will unlock new economic opportunities for both nations.”

Investment and Urban Development Cooperation

Shehbaz Sharif lauded Azerbaijan’s remarkable urban development and expressed aspirations to develop Islamabad along similar lines. “Baku is a beautiful and well-planned city. With Azerbaijan’s cooperation, we will work towards making Islamabad a modern metropolis,” he remarked.

Azerbaijan’s investment in infrastructure, energy, and technology is expected to create new avenues for economic collaboration and job creation in Pakistan.

Boosting Defense Ties

President Ilham Aliyev highlighted the growing defense collaboration between the two countries. “We deeply appreciate Pakistan’s advanced defense industry and are satisfied with the defense products we have procured,” he stated.

Both nations expressed a shared interest in joint defense production and military cooperation, further strengthening strategic ties.

Regional and Global Concerns

The leaders also discussed key regional and international issues, emphasizing their mutual support on geopolitical matters:
📍 Kashmir & Karabakh – Prime Minister Shehbaz thanked Azerbaijan for its unwavering support on the Kashmir issue, while reiterating Pakistan’s backing for Azerbaijan’s stance on the Karabakh conflict.
📍 Palestine & Gaza Crisis – Shehbaz Sharif called for an immediate ceasefire in Gaza, urging the global community to push for a two-state solution to ensure peace in the region. “The entire world agrees that the dream of a Palestinian state must be realized,” he stated.

A Strong and Enduring Partnership

President Aliyev emphasized the importance of frequent high-level exchanges between Pakistan and Azerbaijan. “I visited Pakistan last year, and Prime Minister Shehbaz has now visited Azerbaijan twice. These visits demonstrate the strength of our relationship,” he said.

The agreements signed during this visit are expected to boost economic, defense, and energy cooperation, solidifying Pakistan and Azerbaijan’s strategic partnership.

Conclusion

With growing economic investments, defense collaboration, and geopolitical alignment, Pakistan and Azerbaijan are set to foster deeper ties in the years ahead. The commitment to working together across multiple sectors signals a new era of cooperation between the two nations.

Tags: AzerbaijanDefense Tiesenergy cooperationIlham AliyevInvestmentKarabakhKashmirLNGPakistanPalestineShehbaz SharifTrade Agreements

Anum Arif

Related Posts

Asim Munir and King AbdulAziz

Saudi Arabia Honours Asim Munir for Boosting Pak-Saudi Ties

by Anum Arif
December 22, 2025
0

Saudi Arabia’s Defence Minister Prince Khalid bin Salman bin Abdulaziz has conferred the King Abdulaziz Medal of Excellent Class on...

World Bank New

World Bank Approves $700m Financing for Pakistan

by Anum Arif
December 20, 2025
0

According to a statement issued on Saturday, the PRID-MPA is a results-based program that will disburse funds only after agreed...

Panda Bond

Pakistan Nears Launch of First-Ever Panda Bond

by Anum Arif
December 19, 2025
0

Pakistan has made significant progress toward issuing its first-ever Panda Bond, marking a major milestone in the country’s efforts to...

Aurangzeb

Pakistan, Russia Discuss Oil-Sector Deal

by Anum Arif
December 16, 2025
0

Pakistan and Russia are in talks over a potential agreement in the oil sector, Finance Minister Muhammad Aurangzeb told Russia’s...

Finance minister Aurangzeb

Pakistan, GCC Close to Finalising Free Trade Agreement

by Anum Arif
December 15, 2025
0

Federal Minister for Finance Muhammad Aurangzeb has said that Pakistan’s Free Trade Agreement (FTA) negotiations with the Gulf Cooperation Council...

PM shehbaz launches regulatory reforms

PM Shehbaz Says Pakistan Economy Out of Crisis

by Anum Arif
December 13, 2025
0

Prime Minister Muhammad Shehbaz Sharif on Saturday said that Pakistan’s economy has emerged from severe difficulties due to the untiring...

Next Post
PSX extends gains on pre-budget optimism, IMF talks

PSX extends gains on pre-budget optimism, IMF talks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters