Pakistan and Azerbaijan agreed to finalise an investment framework to boost bilateral economic ties. The framework will help attract Azerbaijani investments into Pakistan. Potential investments could reach up to two billion dollars.
The agreement was reached during a telephone call between Ishaq Dar and Mikayil Jabbarov. Ishaq Dar is Pakistan’s Deputy Prime Minister and Foreign Minister. Jabbarov serves as Azerbaijan’s Minister of Economy.
Read more: DPM, Azeri minister review bilateral ties
According to Pakistan’s Foreign Office, both sides agreed to speed up investment modalities. These steps will allow smoother transfer of Azerbaijani capital into Pakistan. As a result, long-term economic cooperation is expected to grow.
Both leaders expressed satisfaction with the current state of relations. They reaffirmed commitment to stronger cooperation through continued high-level engagement. Therefore, leadership-level dialogue was described as essential.
Read more: Pakistan, Azerbaijan to enhance multi-dimensional cooperation
Although sectors were not named, Pakistan seeks investment in energy and infrastructure. Other priority areas include minerals, transport, and industrial development. Azerbaijan has shown increasing interest in expanding its regional economic presence.