Azerbaijan is set to invest $2 billion in Pakistan's economy, with key investments focusing on oil and gas exploration, renewable energy development, and energy efficiency. The agreements will be signed during the upcoming visit of Pakistan's Prime Minister Shahbaz Sharif to Baku.
Azerbaijan is set to invest $2 billion into Pakistan's economy, according to a report from the Pakistani newspaper Dawn. These significant investment agreements will be signed during the upcoming visit of Pakistan's Prime Minister Shahbaz Sharif to Baku later this month.
Abdul Aleem Khan, Pakistan’s Minister of Privatization, Investments, and Communications, who is leading the Pakistani delegation to Baku, confirmed that the prime minister’s visit will include the signing of agreements with Azerbaijan, totaling $2 billion. The investments are expected to focus on several key sectors, including oil and gas exploration, the development of renewable energy, and energy efficiency improvements.
The report highlights the growing economic cooperation between the two nations, with Azerbaijan committing to substantial investments aimed at enhancing Pakistan’s energy sector. The planned investments come at a time when both countries are looking to strengthen bilateral ties and boost economic collaboration.
Additionally, it was reported that Rovshan Najaf, the President of SOCAR (State Oil Company of Azerbaijan Republic), recently met with Abdul Aleem Khan in Baku. This meeting is seen as a step toward finalizing the terms of the upcoming agreements and reinforcing the economic relationship between Azerbaijan and Pakistan.
These developments are expected to pave the way for deeper cooperation in energy and infrastructure projects, marking a new chapter in the economic partnership between the two countries.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for April 19th, covering the latest developments you need to know.
Turkish Foreign Minister Hakan Fidan is set to visit Algeria on April 20-21 for high-level strategic talks, according to diplomatic sources.
U.S. Vice President JD Vance met with senior Vatican officials on Saturday for talks that the Vatican described as "cordial," following ongoing criticisms of the Trump administration’s policies, particularly regarding immigration.
Russian President Vladimir Putin announced a temporary ceasefire in Ukraine for Easter, set to last from 6 p.m. Moscow time (1500 GMT) on Saturday until midnight (2100 GMT) following Easter Sunday.
U.S. President Donald Trump announced on Friday his plan to reclassify approximately 50,000 federal workers under a new category, "Schedule Policy/Career," which would make it easier to fire civil servants who do not align with his administration's policy agenda.
The U.S. Supreme Court issued an order early Saturday blocking the deportation of alleged Venezuelan gang members from Texas under the Alien Enemies Act, a wartime law from 1798.
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