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.
More than 8,300 participants from 100 countries have gathered in Uzbekistan's capital for the fifth Tashkent International Investment Forum (TIIF-2026...
Pakistan's heavy reliance on imported energy was laid bare by the U.S.-Iran conflict, which disrupted regional supplies, drove up costs and exposed vu...
Following Armenia’s parliamentary vote, AnewZ spoke to people in Yerevan about the mood in the capital, relations with Azerbaijan and the country’...
The UK has unveiled a major new package of sanctions against Russia, targeting the shadow fleet, military supply chains and financial networks that su...
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, signaling furthe...
France has continued activities that undermine the Azerbaijan-Armenia peace process, including espionage and information campaigns targeting Baku, according to Azerbaijan’s State Commission Against Foreign Interference and Hybrid Threats.
Azerbaijan presents a striking paradox. Although rich in oil and gas, it faces serious levels of water stress. Hydrocarbon reserves have allowed the country to provide energy security, build national wealth and export to major markets across Europe.
Pope Leo XIV has been invited to visit Azerbaijan by President Aliyev during talks with a senior Vatican official in Baku. The invitation was extended during a meeting on Tuesday between President Aliyev and Cardinal George Jacob Koovakad, who is responsible for interfaith affairs at the Vatican.
Azerbaijan’s President Ilham Aliyev has praised U.S. President Donald Trump for his role in advancing peace efforts in the South Caucasus, describing recent diplomatic developments as an important step towards long-term regional stability.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
More than 8,300 participants from 100 countries have gathered in Uzbekistan's capital for the fifth Tashkent International Investment Forum (TIIF-2026), bringing together investors, policymakers and business leaders from around the world.
Following Armenia’s parliamentary vote, AnewZ spoke to people in Yerevan about the mood in the capital, relations with Azerbaijan and the country’s future. The full vox-pop report premieres on Tuesday (16 June) at 22:30 AZT / 20:30 CET.
QatarEnergy is prepared to rapidly restore liquefied natural gas (LNG) production at its Ras Laffan complex once shipping routes through the Strait of Hormuz return to normal, according to a source familiar with the matter.
France has continued activities that undermine the Azerbaijan-Armenia peace process, including espionage and information campaigns targeting Baku, according to Azerbaijan’s State Commission Against Foreign Interference and Hybrid Threats.
Israel has formally assumed planning and construction powers at one of the most sensitive religious sites in the occupied West Bank, ending an arrangement that had been in place for nearly three decades.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment