Pakistan, Azerbaijan to enhance trade, investment ties

Pakistan and Azerbaijan have agreed to enhance bilateral trade and investment relations. On the sidelines of the visit of the President of Azerbaijan to Pakistan, a high-level official delegation from Azerbaijan held meeting with the Pakistan side. The Pakistani side, led by Minister for Petroleum Dr. Musadik Malik, briefed about opportunities to enhance trade and investment between the two countries. He said Pakistan is aiming for diversified markets in the region and partnering economic corridors stretching from Central Asia to Europe. He highlighted the vast investment opportunities in mines and minerals, particularly gold and copper. Besides, cooperation in oil and gas sector was also discussed. Both countries can also together leverage the IT potential, especially artificial intelligence, machine learning, training the human resource. Minister for power Sardar Awais Khan Leghari underscored the avenues in power sector where Azerbaijan's investment would bear high returns. Commerce Minister Jam Kam al underlined the importance of arranging extensive briefings to the private sectors of the two sides at an early date. Azerbaijan's side resolved to strengthen the working groups between both countries. The Pakistani side reiterated its full commitment and support to the Azerbaijan's investment in Pakistan and fast track progress on the matter. Both sides agreed to appoint focal persons, short list projects and present them to the leadership at an early date for their approval. Source: Radio Pakistan