Baku, Islamabad forge stronger economic partnership with new investment plans
Azerbaijan and Pakistan have cultivated a robust and enduring partnership, underpinned by a shared commitment to mutual support on both bilateral and multilateral platforms. Over the years, their relationship has evolved into a strategic alliance, with a particular focus on enhancing economic cooperation. As both nations continue to strengthen their diplomatic and cultural ties, the expansion of economic collaboration has emerged as a cornerstone of their partnership, highlighting their shared vision for long-term prosperity and regional stability.
Presidential and Prime Ministerial support for economic partnership
The most recent meeting between the leadership of Azerbaijan and Pakistan, held on February 24, 2025, underscored the growing commitment both countries have to each other's economic success. During this high-level discussion, President Ilham Aliyev emphasized the importance of advancing the economic relationship to match the political and diplomatic level of cooperation. He remarked that, despite the historic political ties between the nations, the economic partnership had not yet reached its full potential. In this regard, President Aliyev proposed a broad economic agenda, discussing the various opportunities for investment and cross-border projects.
Highlighting Azerbaijan's commitment to enhancing economic cooperation, President Aliyev declared that Azerbaijan is ready to invest $2 billion in Pakistan across a range of strategic sectors. This follows the commitment made during his visit to Pakistan in July 2024, where he reiterated his country’s willingness to invest significantly in Pakistan's development. These investments, according to President Aliyev, are not just for the economic growth of the two countries but will also serve as a catalyst for the development of the entire region, further deepening the bond between the people of Azerbaijan and Pakistan.
Among the issues discussed in the recent meeting, President Aliyev emphasized the importance of cooperation in the fields of defense and the defense industry. He noted that Azerbaijan had already purchased equipment........
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