$2 Billion Investment! PM Orders Immediate Action
Prime Minister Shehbaz Sharif has issued instructions for immediate implementation of agreements and memorandums of understanding signed with Azerbaijan.
In a high-level meeting, he directed the Ministry of Commerce to present a comprehensive strategy to increase the trade volume between Pakistan and Azerbaijan to $2 billion.
Investment of $2 billion: Formation of special committee
The Prime Minister, while appreciating the announcement of $2 billion investment in Pakistan by the President of Azerbaijan in the meeting, ordered the formation of a special committee under the chairmanship of Deputy Prime Minister Ishaq Dar.
This committee will take steps to finalize investments and agreements in the energy and infrastructure sectors.
Proposal to appoint trade officers
The Prime Minister also directed to complete all necessary preparations before the upcoming expected visit of the President of Azerbaijan to Pakistan.
He suggested the appointment of trade officers to promote Pakistani trade opportunities in countries including Azerbaijan, where there are business prospects.
Further expansion of Pakistan-Azerbaijan relations
During the meeting, the Prime Minister said that Pakistan and Azerbaijan enjoy long-standing brotherly relations, spanning several decades.
He stressed that Pakistan is taking practical steps to fully exploit trade and investment opportunities with the Central Asian states.
13 agreements signed
The meeting was briefed that 13 agreements and memorandums of understanding were signed between the two countries during the Prime Minister’s recent visit to Azerbaijan to promote cooperation.
The meeting was attended by Deputy Prime Minister Ishaq Dar, Jam Kamal, Federal Ministers Ahad Khan Cheema, Abdul Aleem Khan, Special Assistant Tariq Fatemi, Dr. Mosaddiq Malik and other senior officials.
