{"id":66373,"date":"2025-02-24T12:38:59","date_gmt":"2025-02-24T07:38:59","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=66373"},"modified":"2025-02-24T17:05:44","modified_gmt":"2025-02-24T12:05:44","slug":"pakistan-azerbaijan-agree-to-enhance-bilateral-investment-to-2bn","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-azerbaijan-agree-to-enhance-bilateral-investment-to-2bn\/","title":{"rendered":"Pakistan, Azerbaijan agree to enhance bilateral investment to $2bn"},"content":{"rendered":"<div class=\"col-lg-8\">\n<p class=\"newsdetailcontent\">BAKU: Prime Minister Shehbaz Sharif and President of Azerbaijan Ilham Aliyev on Monday decided to enhance the scope of <a href=\"https:\/\/dailyausaf.com\/en\/business\/azerbaijan-plans-to-invest-2b-in-pakistan\/\">bilateral investment<\/a> by up to two billion dollars in areas of mutually beneficial projects.<\/p>\n<p>Both leaders reaffirmed their commitment to boost trade turnover and increase cooperation across various sectors including defence, transportation, and connectivity, the state-run <em>APP<\/em> reported.<\/p>\n<p>The announcement came as the premier met with Azerbaijan\u2019s President Ilham Aliyev in Baku, where he had\u00a0arrived yesterday along with a high-level delegation on a two-day official visit.<\/p>\n<p>During the bilateral meeting earlier today, Azeri President Ilham Aliyev expressed his willingness to visit Islamabad in April 2025 to formalize agreements for $2 billion worth of investment projects in Pakistan, the <a href=\"https:\/\/www.app.com.pk\/global\/azerbaijan-president-to-visit-islamabad-in-april-to-formalize-2-bn-investment-projects\/\"><em>APP<\/em> <\/a>said in a report.<\/p>\n<p>Following the meeting and documents exchange ceremony, a joint press stakeout was held where the two leaders emphasized the importance of unlocking the full potential of bilateral trade and investment in a range of mutually beneficial areas.<\/p>\n<p><iframe style=\"border: none; overflow: hidden;\" src=\"https:\/\/www.facebook.com\/plugins\/post.php?href=https%3A%2F%2Fwww.facebook.com%2FGovtofPakistan%2Fposts%2Fpfbid03kxtNAzfwzcKk3cGu4D292z5sZA9jfBiHjoiKqN5a3MEgcBVa7K1XqPpit5BqBaTl&amp;show_text=true&amp;width=500\" width=\"500\" height=\"392\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<\/div>\n<div class=\"col-lg-8\">\n<p>Prime Minister Shehbaz said a US$2 billion investment in Pakistan announced by the Azerbaijan President will bring dividends to both countries.<\/p>\n<p>He said that a one-month time had been given to finalize all the projects and agreements in various sectors to be signed in April this year during the visit of the Azerbaijan President to Pakistan.<\/p>\n<p>\u201cThis will be the first quantum jump in our trade and investment relations and will be a huge reflection of our fraternal ties,\u201d the prime minister said adding that \u201cOur business, trade, and investment ties were not reflecting the true strength of our relations but today we have achieved that target and in a months\u2019 time we will celebrate this great decision into action\u201d.<\/p>\n<p>President Aliyev regretted that the bilateral trade turnover was only several tens of millions of US dollars that needed to be increased.<\/p>\n<\/div>\n<p>\u201cWe need to increase our trade turnover. We have a way to do it, especially considering Azerbaijan\u2019s plan to invest up to $2bn in Pakistan\u2019s economy, which I announced during my state visit to Pakistan last summer,\u201d he said during the press conference.<\/p>\n<p>The leader\u2019s press conference came after the two held a bilateral meeting earlier today.<\/p>\n<h2>MoUs signed<\/h2>\n<p>After both leaders held a high-level bilateral meeting, they also witnessed a ceremony to sign multiple Memorandums of Understanding (MoUs) and agreements.<\/p>\n<p>Prime Minister Shehbaz Sharif and Azerbaijan President Ilham Aliyev witnessed the documents exchange ceremony to boost bilateral cooperation in different fields including trade, energy, tourism, and education.<\/p>\n<div class=\"col-lg-8\">\n<div class=\"newsdetailcontent\">\n<p>The two countries signed an MoU between the State Oil Company of Azerbaijan Republic (SOCAR) and Pakistan&#8217;s Frontier Works Organization (FWO) and PSO for collaboration in the Mathe chike-Thallian-Tarujabba White Oil Pipeline Project.<\/p>\n<p><figure id=\"attachment_66394\" aria-describedby=\"caption-attachment-66394\" style=\"width: 576px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-66394 \" src=\"https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371.jpg\" alt=\"\" width=\"576\" height=\"349\" srcset=\"https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371.jpg 1800w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371-300x182.jpg 300w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371-1024x621.jpg 1024w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371-768x466.jpg 768w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371-1536x932.jpg 1536w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371.avif 1800w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371-300x182.avif 300w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371-1024x621.avif 1024w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371-768x466.avif 768w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62833-e1740397848371-1536x932.avif 1536w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><figcaption id=\"caption-attachment-66394\" class=\"wp-caption-text\">Prime Minister Shehbaz Sharif and President of Azerbaijan Ilham Aliyev witnessing the exchange of agreements and MoUs between Pakistan and Azerbaijan in Baku on February 24, 2025 \u2014 [PID]<\/figcaption><\/figure>Pakistan and Azerbaijan also signed an amendment agreement to the Framework Agreement for the sale and purchase of LNG cargoes related to the Master LNG Sale and Purchase Agreement.A Memorandum of Understanding was also signed between Azerbaijan&#8217;s city of Nakhchivan and Pakistan&#8217;s city of Lahore to promote cooperation in the areas of culture, tourism, urban development, education, science, economy, and other relevant fields of public life.<\/p>\n<\/div>\n<\/div>\n<h2>PM gets guard of honour<\/h2>\n<div class=\"col-lg-8\">\n<p class=\"newsdetailcontent\">Prime Minister Shehbaz Sharif arrived at the <a href=\"https:\/\/dailyausaf.com\/en\/business\/azerbaijan-plans-to-invest-2b-in-pakistan\/\">Presidential Palace in Baku<\/a>, Azerbaijan on Monday to hold talks with Azerbaijan President Ilham Aliyev.<\/p>\n<p class=\"newsdetailcontent\">Upon arrival at Zagulba Presidential Palace, the President of Azerbaijan accorded a warm welcome to the Prime Minister and was presented with a guard of honour by the contingents of the Azerbaijan armed forces.<\/p>\n<p>This visit marks the prime minister\u2019s second visit to the country since assuming office in March 2024.<\/p>\n<p class=\"newsdetailcontent\">PM Shehbaz will spend a busy day in Baku today where he will meet Azeri President to hold high-level bilateral as well as delegation levels talks.<\/p>\n<p><figure id=\"attachment_66393\" aria-describedby=\"caption-attachment-66393\" style=\"width: 549px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-66393 \" src=\"https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594.jpg\" alt=\"\" width=\"549\" height=\"356\" srcset=\"https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594.jpg 1800w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594-300x195.jpg 300w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594-1024x664.jpg 1024w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594-768x498.jpg 768w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594-1536x996.jpg 1536w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594.avif 1800w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594-300x195.avif 300w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594-1024x664.avif 1024w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594-768x498.avif 768w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2025\/02\/62823-e1740397668594-1536x996.avif 1536w\" sizes=\"(max-width: 549px) 100vw, 549px\" \/><figcaption id=\"caption-attachment-66393\" class=\"wp-caption-text\">Prime Minister Shehbaz Sharif receives a guard of honor on his arrival at Zugulba Presidential Palace in Baku, Azerbaijan on February 24, 2025 \u2014 [PID]<\/figcaption><\/figure><\/div>\n<p>Both leaders will also attend the signing ceremony of Memorandums of Understanding (MoUs) and agreements to promote cooperation between the two countries.<\/p>\n<p>&#8220;The two sides will engage in wide-ranging discussions on areas of mutual interest to further strengthen bilateral cooperation, particularly in energy, trade, defence, education, and climate sectors,&#8221; the Foreign Office earlier said in a statement.<\/p>\n<p>Later in the day, Shehbaz Sharif will visit the Victory Monument of Heroes and Martyrs of the 44-Day Nagorno-Karabakh War.<\/p>\n<p>The Premier will attend and address the Pakistan-Azerbaijan Business Forum organised in collaboration with the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).<\/p>\n<p>Azerbaijani President will host a dinner in honor of Prime Minister Shehbaz Sharif.<\/p>\n<h2>PM lands in Baku<\/h2>\n<div class=\"left-area\">\n<div class=\"conent-block\">Earlier on Sunday, Prime Minister Shehbaz arrived at Heydar Aliyev International Airport for a two-day official visit.<\/div>\n<\/div>\n<p>The premier was warmly received by senior Azerbaijani officials, including First Deputy Prime Minister Yaqub Abdulla o\u011flu Eyyubov, Deputy Minister of Foreign Affairs Yalchin Rafiyev, Ambassador of Azerbaijan to Pakistan Khazar Farkhadov, Pakistan\u2019s ambassador to Azerbaijan Qasim Mohiuddin and other senior dignitaries.<\/p>\n<p>The Prime Minister is accompanied by a high-level ministerial delegation, including Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, Minister for Commerce Jam Kamal Khan, and Minister for Investment &amp; Privatization Abdul Aleem Khan.<\/p>\n<p>Moreover, Minister for Overseas Pakistanis &amp; Human Resource Development Chaudhry Salik Hussain, Minister for Information &amp; Broadcasting Ataullah Tarar, and Special Assistant to Prime Minister Syed Tariq Fatemi are also the part of delegation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BAKU: Prime Minister Shehbaz Sharif and President of Azerbaijan Ilham Aliyev on Monday decided to enhance the scope of bilateral investment by up to two billion dollars in areas of mutually beneficial projects. Both leaders reaffirmed their commitment to boost trade turnover and increase cooperation across various sectors including defence, transportation, and connectivity, the state-run [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":66396,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13446,2],"tags":[5476,19606,26733],"class_list":["post-66373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-pakistan","tag-pm-shehbaz","tag-azerbaijan-president-ilham-aliyev","tag-azerbaijan-presidential-palace"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/66373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=66373"}],"version-history":[{"count":3,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/66373\/revisions"}],"predecessor-version":[{"id":66398,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/66373\/revisions\/66398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/66396"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=66373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=66373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=66373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}