Pakistan and Azerbaijan have made history by signing an agreement for Azerbaijan to invest $2 billion in Pakistan’s economic sector. This milestone deal, finalized on Friday in Khankandi, will strengthen economic and trade ties and open new growth opportunities.
Prime Minister Shehbaz Sharif witnessed the signing ceremony. Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar and Azerbaijani Economy Minister Mikayil Jabbarov signed the agreement. Both countries aim to boost economic cooperation and deepen their partnership.
The agreement came after a warm meeting between Prime Minister Shehbaz Sharif and Azerbaijani President Ilham Aliyev. Officials said they will sign the final version when President Aliyev visits Pakistan soon.
This investment shows growing trust in Pakistan’s economy under Prime Minister Shehbaz Sharif’s leadership. Before this visit, Pakistan’s diplomatic mission and different delegations agreed on key parts of the deal.
While speaking to media in Shusha, Prime Minister Shehbaz Sharif thanked President Aliyev for this huge investment. He said the agreement will create jobs, expand trade, and take ties to a historic level. The Prime Minister added that both nations will keep working together in energy, trade, and other sectors.
He also shared that ECO member states agreed to work closely on trade, investment, and water resources. They will also address climate challenges like melting glaciers through joint efforts.
Pakistan and Azerbaijan will hold more meetings to find new areas for cooperation. Officials expect this deal to attract more foreign investors, create business opportunities, and strengthen economic stability.
Both countries believe this investment will build closer ties and help them grow together. Business leaders expect new projects in infrastructure, energy, and technology. The deal could also support small businesses and create thousands of jobs for local communities.
The partnership reflects strong brotherly relations and a shared vision for prosperity. With this agreement, Pakistan and Azerbaijan are ready to move towards a stronger future together.
Stay connected with FactFile for updates on this important partnership and what it means for Pakistan’s economy.
