Pakistan, Azerbaijan to Finalize Investment Mechanism

Pakistan and Azerbaijan have agreed to finalize a mechanism that will enable Azerbaijani investments in selected sectors of Pakistan’s economy, according to an announcement from Pakistan’s Ministry of Foreign Affairs on Thursday.

Speaking at a weekly press briefing in Islamabad, Ministry of Foreign Affairs Spokesperson Tahir Hussain Andrabi said that Pakistan’s Deputy Prime Minister and Foreign Minister, Senator Mohammad Ishaq Dar, and Azerbaijan’s Minister of Economy, Mikayil Jabbarov, had discussed the realization of Azerbaijan’s investment of US$2 billion in Pakistan during a recent telephone conversation, The Caspian Post reports, citing AZERTAC.

The spokesperson noted that the Deputy Prime Minister underscored the importance of high-level engagements in strengthening Pakistan-Azerbaijan cooperation in areas of mutual interest. It was agreed to finalize a mechanism in this regard to facilitate Azerbaijani investments in the identified sectors of Pakistan’s economy.