Deepening Their Economic Ties
Pakistan will join Azerbaijan in the conclusion of investment agreements amounting to $2 billion by April, which has been confirmed by Prime Minister Shehbaz Sharif. He made the most recent announcement during the visit to Baku, where he thanked Azerbaijani President Ilham Aliyev for the warm hospitality and emphasized Islamabad’s development inspired by that of Baku.
Expanded Cooperation in Trade and Energy
Much high-profile agreements to boost economic ties of the two countries relate to joint projects in energy and trade, including amendments to the Framework Agreement for LNG trade and partnerships between SOCAR and Pakistan Refinery Limited. In addition, there were agreements between petroleum product sales and cultural collaboration between Lahore and Nakhchivan.
Strategic Partnership Grew Further
Prime Minister Sharif reiterated Pakistan’s unequivocal stance in favour of the territorial rights of Azerbaijan, including with regard to the status of Karabakh. Additionally, added by President Aliyev, there is an opening for extending cooperation in the economic and trade sectors that will strengthen the strategic relationship between the two countries.
Good Prospects for Future Bilateral Relations
These agreements form the foundation upon which both countries now base future relationships that will see deeper integration and dividends for both economies. As this partnership begins with the signing in April, it is expected to open new doors for investment and trade.