Pakistan, Azerbaijan agree on trade partnership
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Hope to launch business ventures; make investments via G2G, B2B arrangements
Azerbaijan and Pakistan on Saturday reached a consensus to promote joint projects and enhance trade partnerships, with practical initiatives set to begin in the coming days.
This agreement was achieved during a meeting between the Ambassador of Azerbaijan to Pakistan, Khazar Farhadov, and the Minister for Privatisation, Board of Investment, and Communications, Abdul Aleem Khan, according to a press release.
The ongoing diplomatic engagements between the two nations over the past several months, including the exchange of high-level delegations and Pakistan’s active participation in the COP 29 conference held in Baku, have started yielding positive outcomes.
Aleem Khan highlighted the potential for expanding bilateral cooperation in various sectors, including tourism. “We need to convert our mutual relations into business and bilateral trade, and positive progress is being made on both sides toward this goal,” he stated.
The minister invited companies from Azerbaijan to invest in Pakistan and launch business ventures, highlighting that, under current circumstances, foreign investments could be structured through government-to-government (G2G) and business-to-business (B2B) arrangements.
He specifically discussed opportunities for investment in Pakistan’s infrastructure sector, including the M6 and M9 Motorways connecting Karachi to Sukkur and Sukkur to Hyderabad. Khan pointed out that Pakistan offers immense potential in various sectors, which foreign investors should seize and utilise effectively.
On his part, Ambassador Khazar Farhadov assured Pakistan of Azerbaijan’s full cooperation, pledging that his country would actively pursue investment opportunities and joint projects.
The meeting also explored trilateral collaboration involving Pakistan, Azerbaijan, and Türkiye. It was decided to designate a Focal Person from the Board of Investment to maintain close coordination with Azerbaijan.
Reference Link:- https://tribune.com.pk/story/2512953/pakistan-azerbaijan-agree-on-trade-partnership
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
