BAKU: Azerbaijani President Ilham Aliyev announced a $2 billion investment package for Pakistan during a trilateral summit with Turkey and Pakistan on Wednesday.
Aliyev said the three countries are currently reviewing investment projects worth a total of $2 billion, with Pakistan expected to receive a major share. Talks are underway to finalize infrastructure, energy and technology projects.
Aliyev stressed that joint defense initiatives between Pakistan, Turkey and Azerbaijan are essential for regional stability and mutual security.
Turkish President Recep Tayyip Erdogan reiterated his support for strategic ties with the two countries. He also supported Azerbaijan’s post-war reconstruction and condemned the humanitarian crisis in Gaza (Palestine).
The summit was attended by Erdogan and senior Pakistani officials. Several memoranda of understanding and joint declarations are expected in the coming weeks.
Pakistan has yet to officially confirm the details of the investment. However, sources said that negotiations are ongoing.
