Azerbaijan to invest $2b in Pakistan

Pakistan and Azerbaijan in a major development Friday signed a partnership agreement of $2 billion investment in Pakistan.

The agreement was reflective of the continuing flow of investment in Pakistan under the leadership of Prime Minister Shehbaz Sharif.

In the presence of the prime minister, Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar and Azerbaijani Economy Minister Mikayil Jabbarov signed the agreement for investment of a total of $2 billion by Azerbaijan in the economic sector of Pakistan. The Pakistani delegation was also present on this occasion.

The agreement was signed between the two countries after a cordial meeting between the Prime Minister and the Azerbaijani President Ilham Aliyev in Khankandi.

While the final and detailed agreement will be signed during the Azerbaijani President's visit to Pakistan.

The agreement has taken investment and trade relations between the two countries to a historic level. This agreement will prove to be a milestone for further promotion of brotherly relations between the two countries and for strengthening of trade partnership.

Both countries also agreed on further exchanges to promote cooperation in various sectors.