President of Azerbaijan H.E. Mr Ilham Aliyev and Prime Minister of Pakistan H.E. Muhammad Shehbaz Sharif witnesses the signing of MoUs and Agreements in various sectors between Pakistan and Azerbaijan in Islamabad on July 11, 2024.
Pakistan and Azerbaijan have agreed to enhance the bilateral investment level up to $2 billion in mutually beneficial projects.
In a joint press conference along with Azerbaijan President Ilham Aliyev, after witnessing signing of agreements and MoUs in diverse areas between the two countries, Prime Minister Shehbaz Sharif said that both sides have discussed an initial $2 billion investment in areas of mutually beneficial projects.
The premier hoped that during his visit to Azerbaijan in November, the two sides would be ready to ink agreements worth $2 billion to start with, as there was great potential in both sides to multiply this figure in years to come.
“In today’s conversations, we have agreed to enhance our bilateral trade besides discussing areas of joint cooperation and joint investments,” the prime minister added.
He said that a bilateral investment volume of less than $100 million does not reflect the strength of our brotherhood and friendship.
Azerbaijan President Ilham Aliyev said the brotherhood between the two countries was based on deep feelings between people of the two nations. He said the two sides were analyzing the projects for an initial investment of $2 billion.
“During our conversation, we reviewed several projects in the areas of energy, connectivity, infrastructure, and defense industry,” he said adding “We will build strong partnership not only on the political level that we already have but also on economic and trade investment levels.”