Azerbaijan plans to invest approximately $2 billion in Pakistan's economy, as stated by President Ilham Aliyev following discussions with Pakistani Prime Minister Shahbaz Sharif in Islamabad.
"We plan that the total volume of our investments at the initial stage will be about $2 billion. We have already considered several projects in the spheres of energy, infrastructure, communications, and many others, including the defense industry, where we are already cooperating very successfully," Aliyev said, according to the state news agency Azertag.
The Azerbaijani president added that Baku aims to build "strong partnership relations with Islamabad not only at the political but also at the economic level."
Aliyev arrived in Pakistan on Thursday for a state visit. During the visit, the two countries signed 15 documents on cooperation in various fields. These include intergovernmental agreements on transit trade, preferential trade, air communication, and cooperation in science and technology, tourism, and air communication. Additionally, memorandums of understanding were signed for cooperation in mineral resources and geology, between the foreign ministries of the two countries in the consular sphere, and interdepartmental documents on cooperation in the privatization of state property, justice, information and communication technologies, and small and medium-sized businesses. A document establishing twinning ties between Baku and Islamabad was also signed.
Aliyev's talks with Pakistani President Asif Ali Zardari are scheduled for Friday.
GSV "Russia - Islamic World"
Photo: official website of the President of the Russian Federation
Based on materials from TASS