Pakistan and Azerbaijan have taken a significant step toward strengthening economic ties with the signing of a $2 billion investment agreement. The deal was finalized in Shusha, Azerbaijan, during Prime Minister Shehbaz Sharif’s visit, with Deputy Prime Minister Ishaq Dar and Azerbaijani Economy Minister Mikayil Jabbarov formalizing the partnership. The agreement paves the way for Azerbaijani investments in Pakistan’s key economic sectors, signaling growing international confidence in the country’s economic potential.
The agreement follows a productive meeting between PM Shehbaz and Azerbaijani President Ilham Aliyev in Khankandi. Both leaders emphasized the importance of deepening trade and investment cooperation. A more detailed pact will be signed during President Aliyev’s upcoming visit to Pakistan, further solidifying the economic partnership. This deal marks a historic milestone in Pakistan-Azerbaijan relations, opening doors for enhanced collaboration in energy, infrastructure, and technology.
Speaking in Shusha, PM Shehbaz expressed gratitude for Azerbaijan’s investment and highlighted the potential for even greater economic engagement. He also noted that member states of the Economic Cooperation Organisation (ECO) had agreed to expand cooperation in trade, water resources, and climate change, particularly in addressing glacier melting. The prime minister’s visit underscores Pakistan’s efforts to attract foreign investment and foster regional economic integration.
Before the signing, extensive discussions were held between Pakistani and Azerbaijani officials to finalize the agreement’s terms. Both nations have also agreed to increase exchanges in multiple sectors, including education and defense. Analysts believe this deal could encourage other countries to invest in Pakistan, further stabilizing its economy. With Azerbaijan’s commitment and Pakistan’s strategic initiatives, this partnership is set to bring long-term benefits for both nations.