ISLAMABAD, Pakistan – In a significant boost to bilateral relations, Azerbaijan has announced a $2 billion investment package for Pakistan, reaffirming its commitment to deepening economic and strategic cooperation between the two nations. The declaration was made by Azerbaijani President Ilham Aliyev during a trilateral summit held in Lachin, Azerbaijan, also attended by Turkish President Recep Tayyip Erdogan and senior Pakistani officials.
The investment is expected to be channeled into various key sectors of Pakistan’s economy, including infrastructure, energy, and technology. While specific projects are still under review, government sources indicate that talks are underway to finalize the details of these investments.
President Aliyev underscored the profound historical and cultural bonds shared by Azerbaijan, Pakistan, and Turkey, emphasizing their collective pursuit of shared goals. He specifically highlighted Pakistan and Turkey’s unwavering support during the 2020 conflict, stating that their solidarity is deeply valued and that ties are built on mutual trust and brotherhood.
The trilateral summit focused on strengthening cooperation across multiple sectors, including trade, defense, energy, and regional connectivity. President Aliyev stressed the wide scope for joint initiatives in the defense sector, asserting its vital importance for security and regional stability.
Pakistani Prime Minister Shehbaz Sharif, following his meeting with President Aliyev, confirmed Azerbaijan’s renewed commitment to the $2 billion investment, and discussed further coordination in commerce, defense production, education, and health.
This landmark investment signifies a new chapter in the growing partnership between Azerbaijan and Pakistan, aiming to transform their brotherly ties into a robust strategic and economic alliance. Officials anticipate that several memorandums of understanding (MoUs) and joint declarations will follow in the coming weeks, solidifying the framework for these ambitious projects.
