Business

Azerbaijan plans to invest $2b in Pakistan

Published by
Staff Reporter
BAKU: The federal minister for board of investment, privatization and communications, Abdul Aleem Khan recently met with Azerbaijan Prime Minister Ali Asadov in Baku to discuss matters of mutual interest and the upcoming visit of Prime Minister Muhammad Shehbaz Sharif to Central Asian nations. 

Abdul Aleem Khan mentioned during the meeting that a lot of investment potential exists in Pakistan, especially regarding the privatization of state-owned enterprises. He invited Azerbaijan to invest in Pakistan’s motorway infrastructure and other key sectors, ensuring that all possible cooperation would be extended to facilitate investment from Azerbaijan.

Prime Minister Ali Asadov thanked the federal minister and the Pakistan delegation and remarked that this brotherly country-relationship will still be intensified in the coming days ahead.

He wished to welcome current developments in numerous sectors of the country of Pakistan and stated himself ready to lend his hand as an accelerator toward more investments, mutual cooperation and exchange between countries.

The two parties discussed the prospective Azerbaijan-Pakistan strategic partnerships in economy, trade, investment, and other domains, and checked the progress concerning various Memorandums of Understanding (MoUs) between the two countries.

Sessions were held between the Pakistani delegation, led by Abdul Aleem Khan, and ministers of investment, transport, energy, and economy, who discussed issues on trade and investments between Pakistan and Azerbaijan.

They also discussed investment opportunities in various fieldssuch as motorways in Pakistan, and examined the privatization of stateowned enterprises and other investment-related mattersConsequently, agreements to invest $2 billion in Pakistan are likely to be inked with Azerbaijan, which will strengthen economic cooperation between the two nations.
Staff Reporter

Recent Posts

ICC Arbitration Puts Pakistan’s Energy Sector Under Pressure

ISLAMABAD: Pakistan's energy sector is headed for another high-stakes international commercial arbitration, with Petrosin CNG…

6 minutes ago

5-Year employees asked to submit documents

PESHAWAR: Documents have been sought from employees who have completed 5 years of service for…

38 minutes ago

Hot, Humid weather to continue, Rain expected

ISLAMABAD: The Meteorological Department has predicted rain with thundershowers in various cities. According to the…

50 minutes ago

Suzuki Cultus new prices revealed in Pakistan

ISLAMABAD: Pak Suzuki’s latest financing policy has released the prices of all Cultus variants, total…

1 hour ago

Farrukh Khokhar arrested after court hands down life sentence in Majid Satti murder case

RAWALPINDI: Farrukh Khokhar was arrested inside the courtroom on Monday after a Rawalpindi court sentenced…

2 hours ago

Cabinet reshuffle preparations underway

ISLAMABAD: Preparations for reshuffle in the federal cabinet have been intensified, and the possibility of…

3 hours ago