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Prime Minister Shehbaz Sharif expresses his views during joint delegation level talks between Pakistan and Azerbaijan during two-day official visit to Baku, Azerbaijan, February 24, 2025. — PID
#Pakistan #Azerbaijan #eye #formalising #2bn #investment #April
ISLAMABAD: Prime Minister Shahbaz Sharif on Monday emphasized the need to increase bilateral trade between Pakistan and Azerbaijan, about $ 2 billion worth of investment projects in April during a visit to President Al -Hamayev. He expressed hopeful about the two countries.
“This will be a mutual arrangement for the two countries,” said the premiere. Republic of Azerbaijan (Azpromo)
Earlier, the two countries signed several agreements to promote bilateral cooperation in various sectors, including trade, energy, tourism, education and others, and further strengthened the partnership between the two countries.
The Prime Minister and the President of Azeri witnessed the exchange of documents after his bilateral meeting and cooperation was included in several sectors after the delegation -level talks.
Addressing the Business Forum, Prime Minister Shahbaz said that the two countries have agreed on a “very clear way”. He pledged, “We are going to enhance our bilateral trade, which is only 40 million and shows the strength of our relationship with difficulty, as soon as we can, Billion up to 2 billion.”
He said that in citing an example, the President of Azerbaijan had “exempt imported duty on basmati rice from Pakistan as” very generous and “thus we can move forward”.
Similarly, he asked the Minister of Commerce and the Deputy Prime Minister, who was present on the occasion, to focus on the areas where we can reduce these tariffs so that our imports and exports can really increase. “
Giving details about bilateral trade, Premier said that liquid natural gas (LNG) was another commercial commodity that could be included in the commercial pond.
“JF -17 fighter jets are another high ticket item that Pakistan and Azerbaijan are actively pursuing,” he said, expressing his hope that if he really was the process. “We can get a $ 2 billion trade between two countries”.
He added, “Thus, the Arabian Ocean is mixing with the Water of the Arabian Sea … This hardness and this great energy and harmony really turned our great relations into extraordinary trade and investment departments and promises. Going to do. ”
Appreciating the work done by the two teams, Prime Minister Shahbaz expressed confidence that small issues would be addressed within a month.
Shahbaz emphasized the close and better cooperation between the two business communities to find more ways to trade and investment, and with immense potential for development, agriculture, industry and IT sectors.
The Prime Minister also announced the constitution of the Permanent Bureau in Pakistan, which consists of both sides, which consists of both sides to work in this regard with the help of AI and real -time information. It has been assured that an effective procedure will be put into practice. He added that teams should work on a strong mechanism, which can only help them extensively.
The Premier said the North South Corridor would be an effective, reliable and cost -effective transport source that would help achieve their goals.
He assured to work closely on the project and assured that the Gwadar port would play a very important role.
There were many opportunities from both sides that should be fully searched, emphasizing the premiere.
In his remarks, President Al -Hamayev said that such a move was a small, but his brother -in -law was an important part of the fodder.
Earlier, the Prime Minister received the Guard of Honor by the Azerbaijan Armed Forces in Zagolba’s presidential palace, where the Memorandum of Understanding (MUS) was signed.
The Prime Minister, on the eve of the second visit to the country after taking office in March 2024, has also been a high level ministerial delegation.
The delegation included Deputy Prime Minister and Foreign Minister Ishaq Dara, Minister of Commerce Jam Kamal Khan, Minister of Investment and Privatization, Minister of Pakistanis and Human Resources Development Chaudhry Slack Hussain, Minister of Information Minister, and expert society. Includes Prime Minister Syed Tariq Fatemi
The Prime Minister will visit Uzbekistan on Tuesday
Meanwhile, Prime Minister Shahbaz Sharif is scheduled to visit Uzbekistan on February 25-26 at the invitation of the Uzbekistan President’s Shakat Mirziov.
“During the bilateral meeting, the Prime Minister of Pakistan and the President of Uzbekistan will discuss all areas of mutual cooperation, including communication, economic, trade, investment, energy, defense and security, regional stability, and education.” Foreign Office
Leaders will also exchange ideas about regional and international issues of mutual interest. It added that several bilateral agreements and MUS would also be signed.
The Prime Minister will also address the Ozbakistan Business Forum. Leading traders from both sides will participate in the Business Forum and will hold B2B meetings to further enhance bilateral trade.
