Azerbaijan has offered over $1 billion for Pakistan’s Sukkur-Hyderabad Motorway (M-6), but internal disagreements delay progress amid economic instability.
ISLAMABAD: Azerbaijan has offered Pakistan over $1 billion to fund the $1.2 billion Sukkur-Hyderabad Motorway (M-6), but government departments disagree on the loan structure.
During his visit, PM Shehbaz Sharif sought $1.8 billion for the M-6 and a new Hyderabad-Karachi Motorway (M-9), estimated at $600 million. Azerbaijan proposed either depositing funds in Pakistan’s central bank or directly financing the M-6 with the Islamic Development Bank (IDB).
Pakistan previously missed a $2 billion investment opportunity from Azerbaijan. Meanwhile, China, Saudi Arabia, the UAE, and Kuwait have deposited $12.7 billion to support Pakistan’s reserves.
The Finance Ministry opposes a cash deposit for road construction, preferring direct borrowing. Deputy PM Ishaq Dar urged finalizing investment proposals by April 3.
A feasibility study divides the M-6 into five sections. IDB may fund the first two, while Azerbaijan is interested in the rest. Under a public-private partnership, the project could be completed in 2.5 years.
The federal government recently prioritized a Rs436 billion Punjab motorway over the M-6. Meanwhile, the NHA plans a six-lane M-9 to improve Karachi-Hyderabad connectivity, costing over $600 million. However, political and economic instability continues to deter foreign investment in Pakistan.
The claim that U.S. President Donald Trump's intervention stopped the execution of 800 detainees is "completely false", said prosecutor-general of Ira...
The Turkish Defence Ministry has called for the Syrian Democratic Forces (SDF)’s “unconditional compliance” with the 18 January ceasefire agreem...
The United Nations nuclear watchdog must clarify its stance on U.S. and Israeli attacks on Iran's nuclear sites last June that lasted 12 days, before ...
SOCAR’s Carbamide plant in Sumgayit has been recognised by the World Economic Forum (WEF) as a Global Lighthouse site, marking Azerbaijan’s first ...
In the snowy peaks of Davos, where the world’s most powerful leaders gather for the 56th World Economic Forum, a new narrative is emerging that chal...
SOCAR’s Carbamide plant in Sumgayit has been recognised by the World Economic Forum (WEF) as a Global Lighthouse site, marking Azerbaijan’s first inclusion in the Forum’s flagship Industry 4.0 network.
NATO’s new 5% of GDP defence pledge shows renewed unity and focus on collective security, Deputy Secretary General Radmila Shekerinska told AnewZ in an exclusive interview. It came as U.S. President Donald Trump used his WEF address to again claim credit for pushing allies to lift defence spending.
The strengthening of bilateral ties and peace initiatives in South Caucasus were in focus as President of Azerbaijan Ilham Aliyev met U.S. President Donald Trump in Davos, Switzerland, on Thursday (22 January), on the sidelines of the World Economic Forum 2026.
Azerbaijan’s State Oil Fund, State Oil Fund of Azerbaijan (SOFAZ), has signed a long-term strategic cooperation agreement worth up to $1.4 billion with Brookfield Asset Management on the sidelines of the World Economic Forum in Davos, officials said.
Qarabağ claimed a late 3–2 victory over Eintracht Frankfurt in the UEFA Champions League on Wednesday night, scoring deep into stoppage time to secure a dramatic home win in Baku.
Russian President Vladimir Putin said on Wednesday that Moscow could pay $1 billion from Russian assets frozen abroad to secure permanent membership in President Donald Trump’s proposed ‘Board of Peace’.
President Donald Trump said on Thursday that the United States has an "armada" heading toward Iran but hoped he would not have to use it, as he renewed warnings to Tehran against killing protesters or restarting its nuclear programme.
A commuter train collided with a construction crane in southeastern Spain on Thursday (22 January), injuring several passengers, days after a high-speed rail disaster in Andalusia killed at least 43 people.
Turkish President Recep Tayyip Erdoğan has told his Iranian counterpart Masoud Pezeshkian that Türkiye opposes any form of foreign intervention in Iran, as protests and economic pressures continue to fuel tensions in the Islamic republic.
In the snowy peaks of Davos, where the world’s most powerful leaders gather for the 56th World Economic Forum, a new narrative is emerging that challenges the current dominance of artificial intelligence (AI).
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 23th of January, covering the latest developments you need to know.
The United States officially left the World Health Organization on 22 January, triggering a financial and operational crisis at the United Nations health agency. The move follows a year of warnings from global health experts that a U.S. exit could undermine public health at home and abroad.
Jared Kushner, U.S. President Donald Trump’s senior adviser, unveiled plans for a “New Gaza” on 23 January in Davos. The initiative to rebuild the war‑torn territory with residential, industrial, and tourism zones accompanies the launch of Trump’s Board of Peace to end the Israel-Hamas war.
TikTok’s Chinese owner, ByteDance, has finalised a deal to create a majority American-owned joint venture that will secure U.S. user data, safeguarding the popular short-video app from a potential U.S. ban. The move comes after years of political and legal battles over national security concerns.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment