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.
Russian President Vladimir Putin remained defiant on Thursday after U.S. President Donald Trump imposed sanctions on Russia’s two largest oil compan...
U.S. President Donald Trump said on Thursday that his administration plans to brief the U.S. Congress on operations against drug cartels and that even...
North Korean leader Kim Jong Un said on Friday that the “military brotherhood” between his country and Russia would continue to advance “without...
U.S. President Donald Trump on Thursday dismissed a push by some Israeli lawmakers to advance annexation of the occupied West Bank, saying Israel was ...
European Union leaders on Thursday agreed to meet Ukraine’s urgent financial needs for the next two years but stopped short of formally backing the ...
Azerbaijan and Indonesia are expected to take leading roles in a planned international force to be deployed in Gaza, Israel Hayom has reported, after Israel opposed Turkish participation in the mission.
A delegation of ambassadors from NATO member states will visit Azerbaijan on 6–7 November, according to Report. The group will include envoys from 15 NATO countries.
Armenian Prime Minister Nikol Pashinyan has welcomed Azerbaijan’s decision to lift all transit restrictions on cargo shipments to Armenia, calling it a major step toward regional peace and economic cooperation.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 22 October, covering the latest developments you need to know.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Kazakhstan has announced its readiness to take part in the creation of a Turkic large language model, a joint initiative designed to unite the scientific and technological potential of Turkic-speaking nations in the field of artificial intelligence.
Iran’s Foreign Minister Abbas Araghchi has rejected the resumption of nuclear negotiations with the United States saying Washington is laying “excessive and illogical” conditions which have stalled the talks.
U.S. Secretary of State Marco Rubio arrived in Israel on Thursday with the goal of implementing U.S. President Donald Trump's 20-point Gaza peace plan, according to the U.S. State Department.
A delegation of ambassadors from NATO member states will visit Azerbaijan on 6–7 November, according to Report. The group will include envoys from 15 NATO countries.
On Wednesday, Türkiye President Recep Tayyip Erdoğan held an official meeting with Sultan Haitham bin Tarik in Muscat, the capital of Oman, marking the final stop of his three-day Gulf tour.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment