Pakistan and Azerbaijan have signed investment agreements worth $2 billion, marking a significant leap in bilateral economic ties. The historic signing took place during Prime Minister Shehbaz Sharif’s official visit to Shusha, Azerbaijan, on July 4. The premier congratulated Azerbaijani President Ilham Aliyev on the successful summit and hailed their discussions as “excellent and result-oriented.”
The agreements, signed by Deputy Prime Minister Ishaq Dar and Azerbaijani Minister of Economy Mikayil Jabbarov, highlight Azerbaijan’s strong commitment to Pakistan’s economic development. PM Sharif termed the deals a breakthrough in bilateral cooperation and the beginning of a new era in strategic partnership between the two nations.
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Leaders from both sides also addressed shared concerns such as glacial melting and other environmental issues. The agreements came amid the Economic Cooperation Organisation (ECO) summit, where member states resolved to enhance collaboration in trade, culture, and investment.
A comprehensive final agreement is expected during President Aliyev’s upcoming visit to Pakistan. Prior groundwork for the deals was completed through coordination between Pakistan’s diplomatic missions and high-level delegations, setting the stage for increased cooperation across multiple sectors.
