Azerbaijan and Pakistan strengthen ties with $2B agreements set for April, boosting trade, security, and energy cooperation. Leaders highlight regional alliances and shared global interests.
Pakistan and Azerbaijan have agreed to enhance cooperation in trade, commerce, security, and energy, with plans to finalize agreements worth $2 billion in April.
At a joint press conference, President of Azerbaijan, Ilham Aliyev and Pakistani Prime Minister Shehbaz Sharifemphasized the vast potential for collaboration in trade, regional connectivity, and international forums.
Sharif arrived in Baku on Sunday for a two-day official visit, accompanied by a high-level delegation, including Deputy Prime Minister Mohammad Ishaq Dar and key Cabinet members. This marks Sharif's second visit to Azerbaijan since assuming office in March 2024.
During the visit, both nations signed multiple agreements and memoranda of understanding (MoUs) covering trade, defense production, energy, climate change, tourism, culture, education, and more. Sharif announced that formal agreements totaling $2 billion in these areas will be signed in Islamabad this April.
President Aliyev highlighted Azerbaijan's commitment to strengthening economic and trade relations with Pakistan, underscoring its significance in Azerbaijan’s foreign policy. He also noted the strong regional alliance between Türkiye, Azerbaijan, and Pakistan, emphasizing their shared positions on global issues.
Sharif is also set to participate in a business forum organized in collaboration with Azerbaijan’s Export and Investment Promotion Agency. Pakistan’s Foreign Ministry stated that both sides will engage in comprehensive discussions to further cooperation, particularly in energy, trade, defense, education, and climate-related initiatives.
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Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
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