Federal Minister for Board of Investment, Privatisation and Communications Abdul Aleem Khan has said that Prime Minister Muhammad Shehbaz Sharif will visit Central Asian countries this month and agreements worth $2 billion will be signed with Azerbaijan for investment in Pakistan.
He met Azerbaijan Prime Minister Ali Asadov in Baku and discussed matters of mutual interest as well as the upcoming visit of PM Sharif to Central Asian nations.
Abdul Aleem highlighted that there were huge investment opportunities in Pakistan including in the privatisation of state-owned enterprises and Azerbaijan could pour investment into motorways and other sectors, for which all possible cooperation would be extended.
Welcoming the federal minister and a Pakistani delegation, Azerbaijan Prime Minister Ali Asadov said that both countries were connected with each other through a strong bond of brotherhood, which would be further strengthened in the coming days.
He appreciated recent developments in various sectors of Pakistan and assured his support for increasing investment and mutual cooperation.
It was emphasised that following the state visit of Azerbaijan president to Pakistan last year, interstate relations entered a qualitatively new stage. Both sides discussed the prospects of Azerbaijan-Pakistan strategic partnerships in economy, trade, investment and other areas.
The Pakistani delegation held sessions with ministers of investment, transport, energy and economy. They discussed issues pertaining to trade and investment between Pakistan and Azerbaijan, and investment in different sectors including motorways in Pakistan.
They also reviewed the privatisation of government-run enterprises and other investment issues.
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